Employee Benefit Plans

3 Months Ended

Mar. 31, 2024

Retirement Benefits [Abstract]

Employee Benefit Plans

Employee Benefit Plans

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

	Pension Benefits
(in thousands)	2024		2023
Service cost	$	1,727	$	1,494
Interest cost	25,365		26,117
Expected return on plan assets	(44,404)		(41,240)
Amortization of prior service cost	281		173
Amortization of actuarial loss	3,567		2,341
Net periodic benefit income	$	(13,464)	$	(11,115)

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.