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RETIREMENT AND DEFERRED COMPENSATION PLANS
6 Months Ended
Jun. 30, 2022
Retirement Benefits [Abstract]  
RETIREMENT AND DEFERRED COMPENSATION PLANS RETIREMENT AND DEFERRED COMPENSATION PLANS
Effective January 1, 2021, our domestic noncontributory retirement plans were closed to new employees and employees who were rehired after December 31, 2020. These employees are instead eligible for additional contribution to their defined contribution 401(k) employee savings plan. All domestic employees with hire/rehire dates prior to January 1, 2021 are still eligible for the domestic pension plans and continue to accrue plan benefits after this date.
Components of Net Periodic Benefit Cost:
Domestic PlansForeign Plans
Three Months Ended June 30,2022202120222021
Service cost$3,945 $3,941 $1,876 $2,071 
Interest cost1,743 1,604 342 208 
Expected return on plan assets(3,229)(3,064)(689)(721)
Amortization of net loss1,668 2,501 433 591 
Amortization of prior service cost — 33 44 
Net periodic benefit cost$4,127 $4,982 $1,995 $2,193 
Domestic PlansForeign Plans
Six Months Ended June 30,2022202120222021
Service cost$7,890 $8,168 $3,846 $4,149 
Interest cost3,485 3,215 715 426 
Expected return on plan assets(6,456)(6,137)(1,416)(1,444)
Amortization of net loss3,335 5,004 877 1,180 
Amortization of prior service cost — 71 89 
Net periodic benefit cost$8,254 $10,250 $4,093 $4,400 
The components of net periodic benefit cost, other than the service cost component, are included in the line Miscellaneous, net in the Condensed Consolidated Statements of Income.
Employer Contributions
We currently have no minimum funding requirements for our domestic and foreign plans. We contributed $15.3 million to our domestic defined benefit plans during the six months ended June 30, 2022 and we do not expect additional significant payments during 2022. We have contributed $1.0 million to our foreign defined benefit plans during the six months ended June 30, 2022 and do not expect additional significant contributions during 2022.