Schedule of Components of Net Periodic Benefit Cost |
The components of net periodic benefit cost for the three months ended October 2, 2022 and October 3, 2021 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pension Benefits | | Other Benefits | | | Three Months Ended | | Three Months Ended | | | October 2, 2022 | | October 3, 2021 | | October 2, 2022 | | October 3, 2021 | Service cost | | $ | 4,028 | | $ | 5,256 | | $ | 80 | | $ | 45 | Interest cost | | 8,810 | | | 4,785 | | | 1,154 | | | 964 | | Expected return on plan assets | | (11,973) | | | (12,249) | | | — | | | — | | Amortization of prior service credit | | (1,413) | | | (1,536) | | | — | | | — | | Amortization of net loss | | 4,563 | | | 4,585 | | | 26 | | | — | | Settlement loss | | 3,728 | | | 5,408 | | | — | | | — | | Total net periodic benefit cost | | $ | 7,743 | | | $ | 6,249 | | | $ | 1,260 | | | $ | 1,009 | |
The components of net periodic benefit cost for the nine months ended October 2, 2022 and October 3, 2021 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pension Benefits | | Other Benefits | | | Nine Months Ended | | Nine Months Ended | | | October 2, 2022 | | October 3, 2021 | | October 2, 2022 | | October 3, 2021 | Service cost | | $ | 13,639 | | $ | 16,178 | | $ | 238 | | $ | 135 | Interest cost | | 20,438 | | | 13,511 | | | 3,467 | | | 2,893 | | Expected return on plan assets | | (36,788) | | | (36,861) | | | — | | | — | | Amortization of prior service credit | | (4,238) | | | (4,607) | | | — | | | — | | Amortization of net loss | | 10,402 | | | 16,005 | | | 77 | | | — | | Settlement loss | | 14,104 | | | 12,848 | | | — | | | — | | Total net periodic benefit cost | | $ | 17,557 | | | $ | 17,074 | | | $ | 3,782 | | | $ | 3,028 | |
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