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Pension and Other Postretirement Benefits (Tables)
 12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Schedule of Net Funded Status
The accompanying balance sheets reflect the funded status of the Company’s defined benefit pension plans at December 31, 2023 and 2022. Reconciliations of the obligations and funded status of the plans follow:
 
 20232022
 U.S.Non-U.S.TotalU.S.Non-U.S.Total
Benefit obligation, January 1$341,595 $60,711 $402,306 $442,756 $89,460 $532,216 
Service cost1,646 943 2,589 3,869 1,820 5,689 
Interest cost17,343 2,072 19,415 13,144 964 14,108 
Amendments— (2,553)(2,553)121 — 121 
Actuarial loss (gain)3,615 4,985 8,600 (94,516)(23,739)(118,255)
Benefits paid(31,097)(2,542)(33,639)(24,882)(2,592)(27,474)
Transfers in— 1,989 1,989 — 2,694 2,694 
Plan curtailments(7,602)(437)(8,039)708 — 708 
Plan settlements— (12,799)(12,799)— (4,527)(4,527)
Special termination benefits— — — 395 — 395 
Participant contributions— 906 906 — 1,034 1,034 
Foreign exchange rate changes— 4,101 4,101 — (4,403)(4,403)
Benefit obligation, December 31325,500 57,376 382,876 341,595 60,711 402,306 
Fair value of plan assets, January 1304,881 70,039 374,920 422,563 87,366 509,929 
Actual return on plan assets34,046 4,207 38,253 (95,573)(10,275)(105,848)
Company contributions8,605 1,119 9,724 2,773 1,321 4,094 
Participant contributions— 906 906 — 1,034 1,034 
Benefits paid(31,097)(2,542)(33,639)(24,882)(2,592)(27,474)
Plan settlements— (12,799)(12,799)— (4,527)(4,527)
Transfers in— 1,989 1,989 — 2,694 2,694 
Foreign exchange rate changes— 4,212 4,212 — (4,982)(4,982)
Fair value of plan assets, December 31316,435 67,131 383,566 304,881 70,039 374,920 
(Underfunded) Overfunded status, December 31$(9,065)$9,755 $690 $(36,714)$9,328 $(27,386)
The accompanying balance sheets reflect the underfunded status of the Company’s other postretirement benefit plans at December 31, 2023 and 2022. Reconciliations of the obligations and underfunded status of the plans follow:
 
20232022
Benefit obligation, January 1$21,964 $29,839 
Service cost39 77 
Interest cost1,122 808 
Actuarial gain(411)(6,375)
Benefits paid(2,390)(2,597)
Participant contributions98 141 
Foreign exchange rate changes19 71 
Benefit obligation, December 3120,441 21,964 
Fair value of plan assets, January 1— — 
Company contributions2,292 2,456 
Participant contributions98 141 
Benefits paid(2,390)(2,597)
Fair value of plan assets, December 31— — 
Underfunded status, December 31$20,441 $21,964 
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets
Projected benefit obligations related to pension plans with benefit obligations in excess of plan assets follow:
 20232022
 U.S.Non-U.S.TotalU.S.Non-U.S.Total
Projected benefit obligation$34,578 $31,514 $66,092 $268,811 $34,820 $303,631 
Fair value of plan assets4,301 28,701 33,002 226,866 33,856 260,722 
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
Information related to pension plans with accumulated benefit obligations in excess of plan assets follows:
 20232022
 U.S.Non-U.S.TotalU.S.Non-U.S.Total
Accumulated benefit obligation$34,744 $31,241 $65,985 $46,267 $34,762 $81,029 
Fair value of plan assets4,301 28,701 33,002 9,813 33,856 43,669 
Schedule of Amounts Recognized in Balance Sheet
Amounts related to pensions recognized in the accompanying balance sheets consist of:
 20232022
 U.S.Non-U.S.TotalU.S.Non-U.S.Total
Other assets$21,212 $12,568 $33,780 $5,231 $10,292 $15,523 
Accrued liabilities5,809 — 5,809 8,369 — 8,369 
Accrued retirement benefits24,468 2,813 27,281 33,576 964 34,540 
Accumulated other non-owner changes to equity, net(98,436)(4,811)(103,247)(108,265)(2,636)(110,901)
Amounts related to other postretirement benefits recognized in the accompanying balance sheets consist of:
20232022
Accrued liabilities$2,315 $2,630 
Accrued retirement benefits18,126 19,334 
Accumulated other non-owner changes to equity, net2,471 2,261 
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
Amounts related to pensions recognized in accumulated other non-owner changes to equity, net of tax, at December 31, 2023 and 2022, respectively, consist of:
 20232022
 U.S.Non-U.S.TotalU.S.Non-U.S.Total
Net actuarial loss$(97,325)$(6,596)$(103,921)$(106,887)$(2,131)$(109,018)
Prior service costs(1,111)1,785 674 (1,378)(505)(1,883)
$(98,436)$(4,811)$(103,247)$(108,265)$(2,636)$(110,901)
Amounts related to other postretirement benefits recognized in accumulated other non-owner changes to equity, net of tax, at December 31, 2023 and 2022 consist of:
20232022
Net actuarial gain$2,471 $2,269 
Prior service loss— (8)
$2,471 $2,261 
The sources of changes in accumulated other non-owner changes to equity, net, during 2023 were: 
PensionOther
Postretirement
Benefits
Prior service cost$2,169 $— 
Net gain5,022 310 
Amortization of prior service costs229 8 
Amortization of actuarial loss (gain)511 (114)
Foreign exchange rate changes(277)6 
$7,654 $210 
Schedule of Assumptions Used, Benefit Obligation
Weighted-average assumptions used to determine benefit obligations as of December 31, are:
20232022
U.S. plans:
Discount rate5.45 %5.50 %
Increase in compensation— %3.05 %
Non-U.S. plans:
Discount rate3.00 %3.60 %
Increase in compensation2.56 %2.76 %
Interest crediting rate2.27 %2.01 %
Schedule of Allocation of Plan Assets
The fair values of the Company’s pension plan assets at December 31, 2023 and 2022 by asset category are as follows:
  Fair Value Measurements Using
Asset CategoryTotalQuoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
December 31, 2023
Cash and short-term investments$4,472 $4,472 $— $— 
Equity securities:
U.S. large-cap36,614 — 36,614 — 
U.S. mid-cap14,344 14,344 — — 
U.S. small-cap14,661 14,661 — — 
International equities107,176 — 107,176 — 
Global equity41,810 41,810 — — 
Fixed income securities:
U.S. bond funds104,791 — 104,791 — 
International bonds57,569 — 57,569 — 
Other2,129 — — 2,129 
$383,566 $75,287 $306,150 $2,129 
December 31, 2022
Cash and short-term investments3,542 3,542 — — 
Equity securities:
U.S. large-cap35,734 — 35,734 — 
U.S. mid-cap14,205 14,205 — — 
U.S. small-cap14,622 14,622 — — 
International equities104,377 — 104,377 — 
Global equity42,154 42,154 — — 
Fixed income securities:
U.S. bond funds97,170 — 97,170 — 
       International bonds61,295 — 61,295 — 
Other1,821 — — 1,821 
$374,920 $74,523 $298,576 $1,821 
Schedule of Expected Benefit Payments
The following are the estimated future net benefit payments, which include future service, over the next 10 years:
PensionsOther
Postretirement
Benefits
2024$32,143 $2,315 
202532,315 2,163 
202632,589 2,018 
202728,431 1,894 
202828,791 1,793 
Years 2029-2033
135,554 7,632 
Total$289,823 $17,815 
Schedule of Net Benefit Costs
Pension and other postretirement benefit costs consist of the following:
 PensionsOther
Postretirement Benefits
 202320222021202320222021
Service cost$2,589 $5,689 $6,547 $39 $77 $103 
Interest cost19,415 14,108 12,749 1,122 808 819 
Expected return on plan assets(30,056)(28,944)(27,858)— — — 
Amortization of prior service cost 354 387 332 10 36 29 
Recognized losses/(gains)1,643 12,710 16,006 (146)(2)258 
Curtailment (gain)/loss(668)1,158 (133)— — — 
Settlement (gain)/loss(656)(605)205 — — — 
Special termination benefits— 395 — — — — 
Net periodic benefit cost$(7,379)$4,898 $7,848 $1,025 $919 $1,209 
Schedule of Assumptions Used, Net Benefit Expense
Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31 are:
 
202320222021
U.S. plans:
Discount rate5.50 %2.95 %2.65 %
Long-term rate of return7.75 %7.25 %7.25 %
Increase in compensation3.05 %3.03 %2.56 %
Non-U.S. plans:
Discount rate3.60 %1.17 %0.83 %
Long-term rate of return3.99 %2.33 %1.96 %
Increase in compensation2.76 %2.77 %2.75 %
Interest crediting rate2.01 %1.34 %1.34 %