Pension Plans and Other Postretirement Benefits

9 Months Ended

Sep. 30, 2025

Retirement Benefits [Abstract]

Pension Plans and Other Postretirement Benefits

Pension Plans and Other Postretirement Benefits:

The components of pension and postretirement benefits cost (credit) for the three-month and nine-month periods ended September 30, 2025 and 2024 were as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Pension Benefits Cost (Credit):
Service cost	$	1,466	$	1,576	$	4,310	$	4,705
Interest cost	8,505		8,163		25,298		24,448
Expected return on assets	(8,609)		(8,854)		(25,732)		(26,522)
Amortization of prior service benefit	20		20		59		59
Total net pension benefits cost	$	1,382	$	905	$	3,935	$	2,690
Postretirement Benefits Cost:
Service cost	$	4	$	12	$	14	$	35
Interest cost	471		360		1,412		1,081
Total net postretirement benefits cost	$	475	$	372	$	1,426	$	1,116
Total net pension and postretirement benefits cost	$	1,857	$	1,277	$	5,361	$	3,806

All components of net benefit cost, other than service cost, are included in Other income (expenses), net on the consolidated statements of loss.

During the three-month and nine-month periods ended September 30, 2025, the Company made contributions of $5.9 million and $15.8 million, respectively, to its qualified and nonqualified plans and the U.S. postretirement benefit plan. During the three-month and nine-month periods ended September 30, 2024, the Company made contributions of $3.9 million and $13.3 million, respectively, to its qualified and nonqualified pension plans and the U.S. postretirement benefit plan.