Employee Benefits

3 Months Ended

Mar. 31, 2020

EMPLOYEE BENEFITS

Pension and other defined contribution retirement plan expenses included the following components:



(DOLLARS IN THOUSANDS)	U.S. Plans
	Three Months Ended March 31,
	2020			2019
Service cost for benefits earned⁽¹⁾	$	400		$	474
Interest cost on projected benefit obligation⁽²⁾	4,263			5,453
Expected return on plan assets⁽²⁾	(7,083		)	(6,983		)
Net amortization and deferrals⁽²⁾	1,858			1,275
Net periodic benefit (income) cost	$	(562	)	$	219



(DOLLARS IN THOUSANDS)	Non-U.S. Plans
	Three Months Ended March 31,
	2020			2019
Service cost for benefits earned⁽¹⁾	$	5,940		$	4,873
Interest cost on projected benefit obligation⁽²⁾	3,245			4,435
Expected return on plan assets⁽²⁾	(11,614		)	(10,904		)
Net amortization and deferrals⁽²⁾	3,834			2,922
Net periodic benefit (income) cost	$	1,405		$	1,326

_______________________


(1)	Included as a component of Operating profit.


(2)	Included as a component of Other loss (income), net.

The Company expects to contribute a total of $4.4 million to its U.S. pension plans and a total of $20.9 million to its Non-U.S. Plans during 2020. During the three months ended March 31, 2020, no contributions were made to the qualified U.S. pension plans, $3.9 million of contributions were made to the non-U.S. pension plans, and $1.5 million of benefit payments were made with respect to the Company's non-qualified U.S. pension plan.

Expense recognized for postretirement benefits other than pensions included the following components:



	Three Months Ended March 31,
(DOLLARS IN THOUSANDS)	2020			2019
Service cost for benefits earned	$	143		$	148
Interest cost on projected benefit obligation	474			578
Net amortization and deferrals	(1,153		)	(1,194		)
Total postretirement benefit income	$	(536	)	$	(468	)

The Company expects to contribute $3.8 million to its postretirement benefits other than pension plans during 2020. In the three months ended March 31, 2020, $1 million of contributions were made.