Postretirement Plans

9 Months Ended

Sep. 30, 2021

Retirement Benefits [Abstract]

Postretirement Plans

Postretirement Plans

The components of net periodic benefit (income)/cost were as follows:

	Nine months ended September 30		Three months ended September 30
Pension Plans	2021	2020	2021	2020
Service cost	$2	$2		$1
Interest cost	1,493	1,841	$498	613
Expected return on plan assets	(2,894)	(2,816)	(963)	(938)
Amortization of prior service credits	(60)	(60)	(20)	(20)
Recognized net actuarial loss	924	774	304	258
Settlement charge	156	6	152	3
Net periodic benefit income	($379)	($253)	($29)	($83)
Net periodic benefit cost included in Earnings/(loss) from operations	$2	$2		$1
Net periodic benefit income included in Other income, net	(381)	(255)	($29)	(84)
Net periodic benefit income included in Loss before income taxes	($379)	($253)	($29)	($83)

	Nine months ended September 30		Three months ended September 30
Other Postretirement Plans	2021	2020	2021	2020
Service cost	$66	$65	$22	$22
Interest cost	68	107	23	35
Expected return on plan assets	(6)	(6)	(3)	(1)
Amortization of prior service credits	(26)	(29)	(9)	(12)
Recognized net actuarial gain	(52)	(33)	(17)	(10)
Settlement charge		(2)		(2)
Net periodic benefit cost	$50	$102	$16	$32
Net periodic benefit cost included in Earnings/(loss) from operations	$66	$67	$22	$23
Net periodic benefit (income)/cost included in Other income, net	(16)	37	(6)	10
Net periodic benefit cost included in Loss before income taxes	$50	$104	$16	$33

In the third quarter of 2021, we recorded a $151 settlement charge in Other income, net and remeasured assets and benefit obligations related to one of the Company’s pension plans. The remeasurement resulted in a net actuarial gain of $1,642, which is included in Other comprehensive income. The $1,642 reflects a gain of $923 primarily driven by an increase in the discount rate from approximately 2.6% at

December 31, 2020 to approximately 2.8% as of the remeasurement date, as well as a gain of $719 primarily driven by asset returns in excess of expected returns.