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Retirement Plans (Tables)
6 Months Ended
Jun. 30, 2021
Pension Plans  
Defined Benefit Plan Disclosure [Line Items]  
Net Pension Expense or Postretirement Expense

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

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net pension expense

 

$

21,823

 

 

$

666

 

 

$

23,780

 

 

$

1,330

 

 

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

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service cost

 

$

 

 

$

 

 

$

6

 

 

$

8

 

Interest cost

 

 

1,218

 

 

 

1,443

 

 

 

4

 

 

 

6

 

Expected return on plan assets(1)

 

 

(1,058

)

 

 

(2,454

)

 

 

(3

)

 

 

(3

)

Amortization of loss

 

 

1,550

 

 

 

1,622

 

 

 

43

 

 

 

44

 

Settlement charges

 

 

20,063

 

 

 

 

 

 

 

 

 

 

Total expense, net

 

$

21,773

 

 

$

611

 

 

$

50

 

 

$

55

 

(1)

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

 

 

 

 

Domestic Pension Plans

 

 

Foreign Pension Plans

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service cost

 

$

 

 

$

 

 

$

12

 

 

$

15

 

Interest cost

 

 

2,471

 

 

 

2,886

 

 

 

8

 

 

 

13

 

Expected return on plan assets(1)

 

 

(2,171

)

 

 

(4,908

)

 

 

(6

)

 

 

(7

)

Amortization of loss

 

 

3,317

 

 

 

3,244

 

 

 

86

 

 

 

87

 

Settlement charges

 

 

20,063

 

 

 

 

 

 

 

 

 

 

Total expense, net

 

$

23,680

 

 

$

1,222

 

 

$

100

 

 

$

108

 

(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 Expense or Postretirement Expense

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

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service cost

 

$

 

 

$

 

 

$

 

 

$

 

Interest cost

 

 

20

 

 

 

30

 

 

 

43

 

 

 

60

 

Amortization of gain

 

 

 

 

 

(21

)

 

 

 

 

 

(42

)

Total expense, net

 

$

20

 

 

$

9

 

 

$

43

 

 

$

18