Net Periodic Benefit Cost

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

NET PERIODIC BENEFIT COST

NET PERIODIC PENSION COST

Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the three months ended September 30:

	U.S. Pension Benefits				Non-U.S. Pension Benefits				Other U.S. Post-retirement Benefits				Total
	2022		2021		2022		2021		2022		2021		2022		2021
Service cost, net	$	416	$	374	$	4,732	$	4,858	$	—	$	—	$	5,148	$	5,232
Interest cost on projected benefit obligations	674		546		1,447		843		3		2		2,124		1,391
Expected return on plan assets	(1,548)		(1,494)		(8,951)		(8,851)		—		—		(10,499)		(10,345)
Recognition of prior service cost	—		—		(1,046)		(462)		(19)		(18)		(1,065)		(480)
Recognition of actuarial losses/(gains)	584		728		4,665		6,211		(8)		(10)		5,241		6,929
Net periodic pension cost/(credit)	$	126	$	154	$	847	$	2,599	$	(24)	$	(26)	$	949	$	2,727

Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the nine months ended September 30:

	U.S. Pension Benefits				Non-U.S. Pension Benefits				Other U.S. Post-retirement Benefits				Total
	2022		2021		2022		2021		2022		2021		2022		2021
Service cost, net	$	1,248	$	1,122	$	14,497	$	14,710	$	—	$	—	$	15,745	$	15,832
Interest cost on projected benefit obligations	2,022		1,644		4,497		2,551		9		6		6,528		4,201
Expected return on plan assets	(4,642)		(4,482)		(27,398)		(26,726)		—		—		(32,040)		(31,208)
Recognition of prior service cost	—		—		(3,187)		(1,398)		(56)		(56)		(3,243)		(1,454)
Recognition of actuarial losses/(gains)	1,753		2,186		14,304		18,756		(23)		(28)		16,034		20,914
Net periodic pension cost/(credit)	$	381	$	470	$	2,713	$	7,893	$	(70)	$	(78)	$	3,024	$	8,285

As previously disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, the Company expects to make employer contributions of approximately $28.2 million to its non-U.S. pension plans during the year ended December 31, 2022. These estimates may change based upon several factors, including fluctuations in currency exchange rates, actual returns on plan assets and changes in legal requirements.