Pension and Other Postretirement Benefits

6 Months Ended

Jun. 30, 2019

Retirement Benefits [Abstract]

Pension and Other Postretirement Benefits

Pension and Other Postretirement Benefits

Pension and other postretirement benefits expenses consisted of the following:

	Three months ended June 30,						Six months ended June 30,
Pensions	2019			2018			2019			2018
Service cost	$	1,275		$	1,398		$	2,708		$	2,988
Interest cost	4,572			4,383			9,108			8,692
Expected return on plan assets	(7,349		)	(7,383		)	(14,427		)	(14,777		)
Amortization of prior service cost	98			140			201			281
Amortization of actuarial losses	2,285			3,029			4,443			5,840
Settlement loss	247			—			247			—
Net periodic benefit cost	$	1,128		$	1,567		$	2,280		$	3,024

	Three months ended June 30,					Six months ended June 30,
Other Postretirement Benefits	2019			2018		2019		2018
Service cost	$	16		$	18	$	35	$	42
Interest cost	333			337		673		681
Amortization of prior service cost	7			5		13		10
Amortization of actuarial (gains) losses	(3		)	126		7		286
Net periodic benefit cost	$	353		$	486	$	728	$	1,019

The service cost component of net periodic benefit cost is included within cost of sales and selling and administrative expenses. The components of net periodic benefit cost other than the service cost component are included in Other Income (Expense) on the Consolidated Statements of Income.

The Company now expects to contribute approximately $20,000 to its various defined benefit pension plans in 2019, including approximately $15,000 of discretionary contributions to its U.S. Qualified pension plans.