XML 35 R25.htm IDEA: XBRL DOCUMENT v3.22.2.2
Pension and Postretirement Benefits
9 Months Ended
Sep. 30, 2022
Retirement Benefits [Abstract]  
Pension and Postretirement Benefits

Note 18. Pension and Postretirement Benefits

The components of net periodic benefit cost (income) of our pension and postretirement benefit plans for the three months ended September 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

 

$

 

 

$

 

 

$

5

 

 

$

24

 

 

$

75

 

 

$

113

 

Interest cost

 

 

109

 

 

 

110

 

 

 

26

 

 

 

41

 

 

 

78

 

 

 

77

 

Expected return on plan assets

 

 

21

 

 

 

(20

)

 

 

 

 

 

 

 

 

(97

)

 

 

(127

)

Amortization of prior service credit

 

 

 

 

 

 

 

 

23

 

 

 

(1

)

 

 

 

 

 

 

Recognized net actuarial loss (gain)

 

 

65

 

 

 

157

 

 

 

(160

)

 

 

(12

)

 

 

34

 

 

 

49

 

Net periodic benefit cost (income)

 

$

195

 

 

$

247

 

 

$

(106

)

 

$

52

 

 

$

90

 

 

$

112

 

The components of net periodic benefit cost of our pension and postretirement benefit plans for the nine months ended September 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

 

$

 

 

$

 

 

$

25

 

 

$

52

 

 

$

236

 

 

$

343

 

Interest cost

 

 

359

 

 

 

315

 

 

 

134

 

 

 

136

 

 

 

245

 

 

 

233

 

Expected return on plan assets

 

 

70

 

 

 

(35

)

 

 

 

 

 

 

 

 

(320

)

 

 

(382

)

Amortization of prior service credit

 

 

 

 

 

 

 

 

67

 

 

 

(4

)

 

 

 

 

 

 

Recognized net actuarial loss (gain)

 

 

333

 

 

 

467

 

 

 

(114

)

 

 

86

 

 

 

105

 

 

 

148

 

Net periodic benefit cost

 

$

762

 

 

$

747

 

 

$

112

 

 

$

270

 

 

$

266

 

 

$

342

 

Settlement cost

 

 

115

 

 

 

 

 

 

 

 

 

 

 

 

533

 

 

 

 

Total expenses

 

$

877

 

 

$

747

 

 

$

112

 

 

$

270

 

 

$

799

 

 

$

342

 

 

We expect to contribute $0.8 million to our funded pension plans, $0.8 million to our unfunded pension plans, and $0.8 million to our postretirement benefit plans in 2022. During the nine months ended September 30, 2022, we contributed $0.6 million to our funded pension plans, $0.5 million to our unfunded pension plans, and $0.5 million to our postretirement benefit plans.