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Retirement Plans (Tables)
9 Months Ended
Sep. 30, 2020
Pension Plans  
Defined Benefit Plan Disclosure [Line Items]  
Net Pension Income or Postretirement Expense

Net pension expense for our domestic and foreign plans included in other income (expense) in the Condensed Consolidated Statement of Earnings is as follows:

 

 

 

Three months ended

 

 

Nine months ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net pension expense

 

$

666

 

 

$

250

 

 

$

1,996

 

 

$

749

 

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

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Service cost

 

$

 

 

$

 

 

$

8

 

 

$

9

 

Interest cost

 

 

1,443

 

 

 

1,931

 

 

 

6

 

 

 

8

 

Expected return on plan assets(1)

 

 

(2,454

)

 

 

(3,046

)

 

 

(3

)

 

 

(4

)

Amortization of loss

 

 

1,622

 

 

 

1,311

 

 

 

44

 

 

 

41

 

Total expense, net

 

$

611

 

 

$

196

 

 

$

55

 

 

$

54

 

 

(1)

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

 

 

 

Domestic Pension Plans

 

 

Foreign Pension Plans

 

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Service cost

 

$

 

 

$

 

 

$

23

 

 

$

27

 

Interest cost

 

 

4,329

 

 

 

5,793

 

 

 

19

 

 

 

23

 

Expected return on plan assets(1)

 

 

(7,362

)

 

 

(9,140

)

 

 

(10

)

 

 

(13

)

Amortization of loss

 

 

4,866

 

 

 

3,934

 

 

 

131

 

 

 

125

 

Total expense, net

 

$

1,833

 

 

$

587

 

 

$

163

 

 

$

162

 

 

(1)

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

Other Postretirement Benefits Plan  
Defined Benefit Plan Disclosure [Line Items]  
Net Pension Income or Postretirement Expense

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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Service cost

 

$

1

 

 

$

 

 

$

1

 

 

$

1

 

Interest cost

 

 

30

 

 

 

42

 

 

 

90

 

 

 

127

 

Amortization of gain

 

 

(20

)

 

 

(42

)

 

 

(64

)

 

 

(125

)

Total expense, net

 

$

11

 

 

$

 

 

$

27

 

 

$

3