Employee Benefit Plans

3 Months Ended

Mar. 31, 2021

Retirement Benefits [Abstract]

Employee Benefit Plans

Employee Benefit Plans

Net periodic benefit income from the Company's pension plans included the following components for the three months ended March 31:

	Pension Benefits
	2021		2020
Service cost	$	3,041	$	2,982
Interest cost	17,906		20,925
Expected return on plan assets	(38,732)		(38,523)
Amortization of prior service cost	172		173
Amortization of actuarial loss	12,456		11,122
Net periodic benefit income	$	(5,157)	$	(3,321)

Service cost is recorded in selling, administrative and other expenses in the condensed consolidated statements of income while all other components are recorded within other non-operating (income) expense. Pension benefits also include amounts related to supplemental retirement plans.