XML 35 R25.htm IDEA: XBRL DOCUMENT v3.22.2
Pension and Postretirement Benefits
6 Months Ended
Jun. 30, 2022
Retirement Benefits [Abstract]  
Pension and Postretirement Benefits

Note 18. Pension and Postretirement Benefits

The components of net periodic benefit cost of our pension and postretirement benefit plans for the three months ended June 30, 2022 and 2021 consist of the following:

 

 

 

Domestic Plans

 

 

 

 

 

 

 

 

 

Pension Plans

 

 

Postretirement Benefit Plans

 

 

Foreign Pension Plans

 

(in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

 

 

$

 

 

$

10

 

 

$

15

 

 

$

76

 

 

$

117

 

Interest cost

 

 

125

 

 

 

91

 

 

 

54

 

 

 

40

 

 

 

79

 

 

 

80

 

Expected return on plan assets

 

 

51

 

 

 

12

 

 

 

 

 

 

 

 

 

(98

)

 

 

(130

)

Amortization of prior service credit

 

 

 

 

 

 

 

 

22

 

 

 

(2

)

 

 

 

 

 

 

Recognized net actuarial loss

 

 

134

 

 

 

159

 

 

 

23

 

 

 

42

 

 

 

36

 

 

 

50

 

Net periodic benefit cost

 

$

310

 

 

$

262

 

 

$

109

 

 

$

95

 

 

$

93

 

 

$

117

 

Settlement cost

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Total expenses

 

$

310

 

 

$

262

 

 

$

109

 

 

$

95

 

 

$

93

 

 

$

117

 

The components of net periodic benefit cost of our pension and postretirement benefit plans for the six months ended June 30, 2022 and 2021 consist of the following:

 

 

 

Domestic Plans

 

 

 

 

 

 

 

 

 

Pension Plans

 

 

Postretirement Benefit Plans

 

 

Foreign Pension Plans

 

(in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

 

 

$

 

 

$

20

 

 

$

28

 

 

$

161

 

 

$

230

 

Interest cost

 

 

250

 

 

 

205

 

 

 

108

 

 

 

95

 

 

 

167

 

 

 

156

 

Expected return on plan assets

 

 

49

 

 

 

(15

)

 

 

 

 

 

 

 

 

(223

)

 

 

(255

)

Amortization of prior service credit

 

 

 

 

 

 

 

 

44

 

 

 

(3

)

 

 

 

 

 

 

Recognized net actuarial loss

 

 

268

 

 

 

310

 

 

 

46

 

 

 

98

 

 

 

71

 

 

 

99

 

Net periodic benefit cost

 

$

567

 

 

$

500

 

 

$

218

 

 

$

218

 

 

$

176

 

 

$

230

 

Settlement cost

 

$

115

 

 

$

 

 

$

 

 

$

 

 

$

533

 

 

$

 

Total expenses

 

$

682

 

 

$

500

 

 

$

218

 

 

$

218

 

 

$

709

 

 

$

230

 

 

We expect to contribute $0.9 million to our funded pension plans, $0.9 million to our unfunded pension plans, and $0.8 million to our postretirement benefit plans in 2022. During the six months ended June 30, 2022, we contributed $0.4 million to our funded pension plans, $0.3 million to our unfunded pension plans, and $0.3 million to our postretirement benefit plans.