Net Periodic Benefit Cost (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Net Benefit Costs [Table Text Block]

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 June 30:


	U.S. Pension Benefits				Non-U.S. Pension Benefits				Other U.S. Post-retirement Benefits				Total
	2023		2022		2023		2022		2023		2022		2023		2022
Service cost, net	$	289	$	416	$	3,425	$	4,775	$	—	$	—	$	3,714	$	5,191
Interest cost on projected benefit obligations	1,256		674		4,916		1,492		8		3		6,180		2,169
Expected return on plan assets	(1,383)		(1,547)		(8,645)		(9,023)		—		—		(10,028)		(10,570)
Recognition of prior service cost	—		—		(1,060)		(1,045)		(19)		(19)		(1,079)		(1,064)
Recognition of actuarial losses/(gains)	548		585		2,561		4,709		(1)		(8)		3,108		5,286
Net periodic pension cost/(credit)	$	710	$	128	$	1,197	$	908	$	(12)	$	(24)	$	1,895	$	1,012

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 six months ended June 30:


	U.S. Pension Benefits				Non-U.S. Pension Benefits				Other U.S. Post-retirement Benefits				Total
	2023		2022		2023		2022		2023		2022		2023		2022
Service cost, net	$	579	$	832	$	6,821	$	9,765	$	—	$	—	$	7,400	$	10,597
Interest cost on projected benefit obligations	2,511		1,348		9,792		3,051		15		6		12,318		4,405
Expected return on plan assets	(2,766)		(3,094)		(17,212)		(18,447)		—		—		(19,978)		(21,541)
Recognition of prior service cost	—		—		(2,110)		(2,141)		(38)		(37)		(2,148)		(2,178)
Recognition of actuarial losses/(gains)	1,096		1,169		5,098		9,639		(1)		(15)		6,193		10,793
Net periodic pension cost/(credit)	$	1,420	$	255	$	2,389	$	1,867	$	(24)	$	(46)	$	3,785	$	2,076