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Pensions and Other Postretirement Benefits (Tables)
12 Months Ended
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]  
Retirement Plan amounts recorded on consolidated balance sheets
The following table summarizes amounts recorded on the accompanying consolidated balance sheets associated with these various retirement benefit plans:

   
December 31,
 
   
2023
   
2022
 
 
           
Included in "Other assets":
           
Non-U.S. pension plans
 
$
3,929
   
$
4,715
 
Total included in other assets
 
$
3,929
   
$
4,715
 
Included in "Payroll and related expenses":
               
U.S. pension plans
 
$
(1,474
)
 
$
(6,378
)
Non-U.S. pension plans
   
(7,149
)
   
(6,827
)
U.S. other postretirement plans
   
(510
)
   
(497
)
Non-U.S. other postretirement plans
   
(390
)
   
(666
)
Total included in payroll and related expenses
 
$
(9,523
)
 
$
(14,368
)
Accrued pension and other postretirement costs:
               
U.S. pension plans
 
$
(29,217
)
 
$
(30,843
)
Non-U.S. pension plans
   
(144,276
)
   
(135,809
)
U.S. other postretirement plans
   
(3,750
)
   
(3,831
)
Non-U.S. other postretirement plans
   
(7,173
)
   
(6,049
)
Other retirement obligations
   
(11,087
)
   
(10,560
)
Total accrued pension and other postretirement costs
 
$
(195,503
)
 
$
(187,092
)
Accumulated other comprehensive loss:
               
U.S. pension plans
 
$
(522
)
 
$
69
 
Non-U.S. pension plans
   
24,891
     
16,392
 
U.S. other postretirement plans
   
(1,527
)
   
(2,031
)
Non-U.S. other postretirement plans
   
1,488
     
743
 
Total accumulated other comprehensive loss*
 
$
24,330
   
$
15,173
 
* - Amounts included in accumulated other comprehensive loss are presented in this table pre-tax
Defined Benefit Pension Plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Reconciliation of benefit obligation, plan assets, and funded status
The following table sets forth a reconciliation of the benefit obligation, plan assets, and funded status related to U.S. and non-U.S. pension plans:

   
December 31, 2023
   
December 31, 2022
 
 
 
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
 
                         
Change in benefit obligation:
                       
Benefit obligation at beginning of year
 
$
37,221
   
$
203,541
   
$
45,613
   
$
278,173
 
Service cost
   
-
     
3,063
     
-
     
4,199
 
Interest cost
   
1,997
     
7,346
     
1,122
     
3,200
 
Plan amendments
   
-
     
(15
)
   
-
     
79
 
Actuarial (gains) losses
   
(272
)
   
8,835
     
(7,668
)
   
(45,102
)
Benefits paid
   
(8,255
)
   
(17,160
)
   
(1,846
)
   
(16,777
)
Curtailments and settlements
   
-
     
(27
)
   
-
     
-
 
Currency translation
   
-
     
5,200
     
-
     
(20,231
)
Benefit obligation at end of year
 
$
30,691
   
$
210,783
   
$
37,221
   
$
203,541
 
                                 
Change in plan assets:
                               
Fair value of plan assets at beginning of year
 
$
-
   
$
65,620
   
$
-
    $
75,920
 
Actual return on plan assets
   
-
     
1,976
     
-
     
790
 
Company contributions
   
8,255
     
12,161
     
1,846
     
13,212
 
Benefits paid
   
(8,255
)
   
(17,160
)
   
(1,846
)
   
(16,777
)
Currency translation
   
-
     
690
     
-
     
(7,525
)
Fair value of plan assets at end of year
 
$
-
   
$
63,287
   
$
-
   
$
65,620
 
                                 
Funded status at end of year
 
$
(30,691
)
 
$
(147,496
)
 
$
(37,221
)
 
$
(137,921
)
Amounts recognized in consolidated balance sheet
Amounts recognized in the accompanying consolidated balance sheets consist of the following:

 
December 31, 2023
 
December 31, 2022
 
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
 
                 
Other assets
 
$
-
   
$
3,929
   
$
-
   
$
4,715
 
Accrued benefit liability - current
   
(1,474
)
   
(7,149
)
   
(6,378
)
   
(6,827
)
Accrued benefit liability - non-current
   
(29,217
)
   
(144,276
)
   
(30,843
)
   
(135,809
)
Accumulated other comprehensive loss
   
(522
)
   
24,891
     
69
     
16,392
 
 
 
$
(31,213
)
 
$
(122,605
)
 
$
(37,152
)
 
$
(121,529
)
Components of actuarial items
Actuarial items consist of the following:

 
December 31, 2023
 
December 31, 2022
 
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
 
                 
Unrecognized net actuarial (gain) loss
 
$
(588
)
 
$
24,094
   
$
(140
)
 
$
15,628
 
Unamortized prior service cost
   
66
     
797
     
209
     
764
 
 
 
$
(522
)
 
$
24,891
   
$
69
   
$
16,392
 
Projected and accumulated benefit obligations
The following table sets forth additional information regarding the projected and accumulated benefit obligations:

   
December 31, 2023
   
December 31, 2022
 
   
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
 
                         
Accumulated benefit obligation, all plans
 
$
30,691
   
$
194,361
   
$
37,221
   
$
176,056
 
                                 
Plans for which the accumulated benefit obligation exceeds plan assets:
                               
Projected benefit obligation
 
$
30,691
   
$
146,898
   
$
37,221
   
$
181,207
 
Accumulated benefit obligation
   
30,691
     
144,213
     
37,221
     
159,433
 
Fair value of plan assets
   
-
     
3,032
     
-
     
38,854
 
Components of the net periodic benefit costs
The following table sets forth the components of net periodic pension cost:

   
Years ended December 31,
 
 
 
2023
   
2022
   
2021
 
 
 
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
 
                                     
Service cost
 
$
-
   
$
3,063
   
$
-
   
$
4,199
   
$
-
   
$
4,693
 
Interest cost
   
1,997
     
7,346
     
1,122
     
3,200
     
1,016
     
2,968
 
Expected return on plan assets
   
-
     
(2,270
)
   
-
     
(1,725
)
   
-
     
(1,660
)
Amortization of actuarial losses
   
175
     
345
     
1,523
     
4,760
     
2,032
     
7,444
 
Amortization of prior service cost
   
144
     
195
     
144
     
216
     
144
     
189
 
Curtailment and settlement losses
   
-
     
546
     
-
     
1,190
     
-
     
632
 
Net periodic pension cost
 
$
2,316
   
$
9,225
   
$
2,789
   
$
11,840
   
$
3,192
   
$
14,266
 
Weighted average assumptions used
The following weighted average assumptions were used to determine benefit obligations at December 31 of the respective years:

 
2023
   
2022
 
   
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
 
Discount rate
   
5.25
%
   
3.36
%
   
5.50
%
   
3.57
%
Rate of compensation increase
   
0.00
%
   
3.12
%
   
0.00
%
   
2.60
%

The following weighted average assumptions were used to determine the net periodic pension costs:

 
Years ended December 31,
 
 
 
2023
   
2022
 
 
 
 
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
 
Discount rate
   
5.50
%
   
3.57
%
   
2.50
%
   
1.19
%
Rate of compensation increase
   
0.00
%
   
2.60
%
   
0.00
%
   
2.07
%
Expected return on plan assets
   
0.00
%
   
4.11
%
   
0.00
%
   
2.96
%
Estimated future benefit payments
Estimated future benefit payments are as follows:

   
U.S.
Plans
   
Non-U.S.
Plans
 
             
2024
 
$
3,347
   
$
14,897
 
2025
   
3,301
     
15,450
 
2026
   
1,941
     
17,775
 
2027
   
8,306
     
14,830
 
2028
   
3,198
     
14,744
 
2029-2033
   
9,415
     
74,939
 
Other Postretirement Benefits [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Reconciliation of benefit obligation, plan assets, and funded status
The following table sets forth a reconciliation of the benefit obligation, plan assets, and accrued benefit cost related to U.S. and non-U.S. non-pension defined benefit postretirement plans:

   
December 31, 2023
   
December 31, 2022
 
   
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
 
                         
Change in benefit obligation:
                       
Benefit obligation at beginning of year
 
$
4,328
   
$
6,715
   
$
7,611
   
$
7,782
 
Service cost
   
21
     
221
     
39
     
237
 
Interest cost
   
225
     
251
     
178
     
55
 
Actuarial (gains) losses
   
183
     
801
     
(2,525
)
   
(749
)
Benefits paid
   
(497
)
   
(681
)
   
(975
)
   
(147
)
Currency translation
   
-
     
256
     
-
     
(463
)
Benefit obligation at end of year
 
$
4,260
   
$
7,563
   
$
4,328
   
$
6,715
 
                                 
Fair value of plan assets at end of year
 
$
-
   
$
-
   
$
-
   
$
-
 
                                 
Funded status at end of year
 
$
(4,260
)
 
$
(7,563
)
 
$
(4,328
)
 
$
(6,715
)
Amounts recognized in consolidated balance sheet
Amounts recognized in the accompanying consolidated balance sheets consist of the following:

 
December 31, 2023
 
December 31, 2022
 
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
 
                 
Accrued benefit liability - current
 
$
(510
)
 
$
(390
)
 
$
(497
)
 
$
(666
)
Accrued benefit liability - non-current
   
(3,750
)
   
(7,173
)
   
(3,831
)
   
(6,049
)
Accumulated other comprehensive (income) loss
   
(1,527
)
   
1,488
     
(2,031
)
   
743
 
 
 
$
(5,787
)
 
$
(6,075
)
 
$
(6,359
)
 
$
(5,972
)
Components of actuarial items
Actuarial items consist of the following:

 
December 31, 2023
 
December 31, 2022
 
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
 
                 
Unrecognized net actuarial loss (gain)
 
$
(1,527
)
 
$
1,488
   
$
(2,031
)
 
$
743
 
 
 
$
(1,527
)
 
$
1,488
   
$
(2,031
)
 
$
743
 
Components of the net periodic benefit costs
The following table sets forth the components of net periodic benefit cost:

 
Years ended December 31,
 
 
2023
 
2022
 
2021
 
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
 
                         
Service cost
 
$
21
   
$
221
   
$
39
   
$
237
   
$
102
   
$
278
 
Interest cost
   
225
     
251
     
178
     
55
     
163
     
42
 
Amortization of actuarial (gains) losses
   
(321
)
   
8
     
342
     
85
     
53
     
116
 
Curtailment and settlement losses
   
-
     
89
     
-
     
-
     
-
     
67
 
Net periodic benefit cost (benefit)
 
$
(75
)
 
$
569
   
$
559
   
$
377
   
$
318
   
$
503
 
Weighted average assumptions used
The following weighted average assumptions were used to determine benefit obligations at December 31 of the respective years:

 
2023
   
2022
 
 
 
 
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
 
                         
Discount rate
   
5.25
%
   
3.40
%
   
5.50
%
   
3.86
%
Rate of compensation increase
   
0.00
%
   
4.00
%
   
0.00
%
   
4.19
%

The following weighted average assumptions were used to determine the net periodic benefit costs:

 
 
Years ended December 31,
 
 
 
2023
   
2022
 
 
 
 
U.S.
Plans
   
Non-U.S.
Plans
   
U.S.
Plans
   
Non-U.S.
Plans
 
                         
Discount rate
   
5.50
%
   
3.86
%
   
2.50
%
   
0.80
%
Rate of compensation increase
   
0.00
%
   
4.19
%
   
0.00
%
   
2.88
%
Estimated future benefit payments
Estimated future benefit payments are as follows:

   
U.S.
Plans
   
Non-U.S.
Plans
 
             
2024
 
$
510
   
$
390
 
2025
   
499
     
621
 
2026
   
467
     
205
 
2027
   
452
     
1,525
 
2028
   
416
     
785
 
2029-2033
   
1,594
     
4,897