
	Pension Benefits				Other Benefits
(In thousands)	2020		2019		2020		2019

Change in benefit obligation:
Obligation at beginning of year	$	182,164	$	166,739	$	12,653	$	14,382
Service cost	—		—		212		260
Interest cost	3,260		5,972		430		609
Actuarial loss (gain)	10,790		17,061		422		(1,860)
Plan amendments	—		—		(26)		—

Benefit payments	(9,214)		(9,883)		(716)		(832)
Curtailment	—		—		(183)		—
Settlement (1)	(99,585)		—		—		(198)
Foreign currency translation adjustment	3,394		2,275		(10)		292

Obligation at end of year	90,809		182,164		12,782		12,653

Change in fair value of plan assets:
Fair value of plan assets at beginning of year	183,486		164,603		—		—
Actual return on plan assets	13,313		26,734		—		—
Employer contributions	—		—		716		832
Benefit payments	(9,214)		(9,883)		(716)		(832)
Settlement (1)	(99,585)		—		—		—
Surplus assets (1)	(12,386)		—		—		—
Foreign currency translation adjustment	2,866		2,032		—		—

Fair value of plan assets at end of year	78,480		183,486		—		—

Funded (underfunded) status at end of year	$	(12,329)	$	1,322	$	(12,782)	$	(12,653)

(1)In November 2019, the Company’s Board of Directors approved the termination of the U.S. defined benefit pension plan. There were no impacts to consolidated results for 2019. Settlement accounting criteria was met in Q4 2020, therefore, all resulting settlement charges occurred in 2020. The plan termination resulted in incremental benefit payments of approximately $100.0 million and termination costs of $17.8 million, which consisted of an $11.6 million non-cash

Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans and the fair value of plan assets from the beginning to the end of the period.

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Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized.

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Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

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