XML 91 R77.htm IDEA: XBRL DOCUMENT v3.24.0.1
Pension, Postretirement, and Other Benefit Plans (Schedule of Net Periodic Benefit Plan Cost) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pension plans      
Components of net periodic benefit cost:      
Service cost $ 1,478 $ 1,371 $ 2,192
Interest cost 5,151 4,917 5,467
Expected return on assets (4,347) (5,979) (6,564)
Amortization of prior service cost/(credit) (32) (8) 13
Amortization of net actuarial loss 555 1,377 2,365
Settlement 0 49,128 0
Curtailment (gain)/loss 0 0 0
Net periodic benefit cost $ 2,805 $ 50,806 $ 3,473
Pension plans | United States      
Weighted average assumptions used to determine net cost:      
Discount rate 5.49% 2.63% 2.65%
Expected return on plan assets   3.07% 2.74%
Pension plans | Foreign Plan      
Weighted average assumptions used to determine net cost:      
Discount rate 5.15% 2.41% 1.91%
Expected return on plan assets 5.21% 3.31% 2.89%
Rate of compensation increase 3.08% 2.70% 2.71%
Pension plans | Switzerland      
Weighted average assumptions used to determine net cost:      
Cash balance interest crediting rate 2.15% 0.25% 0.05%
Other postretirement benefits      
Components of net periodic benefit cost:      
Service cost $ 60 $ 114 $ 132
Interest cost 1,874 1,221 1,103
Expected return on assets 0 0 0
Amortization of prior service cost/(credit) (4,090) (4,488) (4,488)
Amortization of net actuarial loss 828 1,883 2,260
Settlement 0 0 0
Curtailment (gain)/loss 0 0 0
Net periodic benefit cost $ (1,328) $ (1,270) $ (993)
Other postretirement benefits | United States      
Weighted average assumptions used to determine net cost:      
Discount rate 5.55% 2.83% 2.38%
Other postretirement benefits | Foreign Plan      
Weighted average assumptions used to determine net cost:      
Discount rate 5.20% 3.05% 2.75%
Rate of compensation increase 2.75% 2.75% 2.75%
Other postretirement benefits | Switzerland      
Weighted average assumptions used to determine net cost:      
Cash balance interest crediting rate 0.00% 0.00% 0.00%