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Retirement Plans
3 Months Ended
Mar. 31, 2024
Retirement Benefits [Abstract]  
Retirement Plans

NOTE 7 – Retirement Plans

Pension Plans

Net pension expense for our domestic and foreign plans included in other expense, net in the Condensed Consolidated Statements of Earnings is as follows:

 

 

 

Three months ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2024

 

 

2023

 

Net pension expense

 

$

52

 

 

$

67

 

 

The components of net pension expense for our domestic and foreign plans include the following:

 

 

 

Domestic Pension Plans

 

 

Foreign Pension Plans

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

March 31,

 

 

March 31,

 

 

March 31,

 

 

March 31,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost

 

$

 

 

$

 

 

$

3

 

 

$

6

 

Interest cost

 

 

9

 

 

 

10

 

 

 

6

 

 

 

10

 

Expected return on plan assets(1)

 

 

 

 

 

 

 

 

(5

)

 

 

(7

)

Amortization of loss

 

 

6

 

 

 

5

 

 

 

33

 

 

 

43

 

Total expense, net

 

$

15

 

 

$

15

 

 

$

37

 

 

$

52

 

 

(1)
Expected return on plan assets is net of expected investment expenses and certain administrative expenses.

Other Post-retirement Benefit Plan

Net post-retirement expense for our other post-retirement plan includes the following components:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2024

 

 

2023

 

Service cost

 

$

 

 

$

 

Interest cost

 

 

48

 

 

 

48

 

Amortization of gain

 

 

(16

)

 

 

(84

)

Total expense (income), net

 

$

32

 

 

$

(36

)