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RETIREMENT AND DEFERRED COMPENSATION PLANS
9 Months Ended
Sep. 30, 2023
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 September 30,2023202220232022
Service cost$2,409 $3,948 $1,487 $1,775 
Interest cost2,158 1,742 915 330 
Expected return on plan assets(3,094)(3,228)(589)(653)
Amortization of net loss 1,668 230 403 
Amortization of prior service cost — 45 35 
Net periodic benefit cost$1,473 $4,130 $2,088 $1,890 
Domestic PlansForeign Plans
Nine Months Ended September 30,2023202220232022
Service cost$7,228 $11,838 $4,444 $5,621 
Interest cost6,473 5,227 2,735 1,045 
Expected return on plan assets(9,283)(9,684)(1,758)(2,069)
Amortization of net loss 5,003 687 1,280 
Amortization of prior service cost — 133 106 
Net periodic benefit cost$4,418 $12,384 $6,241 $5,983 
The components of net periodic benefit cost, other than the service cost component, are included in the line miscellaneous income (expense), net in the Condensed Consolidated Statements of Income.
Employer Contributions
We currently have no minimum funding requirements for our domestic and foreign plans. There were no contributions to our domestic defined benefit plans during the nine months ended September 30, 2023 and we do not expect significant payments during the rest of 2023. We contributed $1.0 million to our foreign defined benefit plans during the nine months ended September 30, 2023 and do not expect additional significant contributions during the rest of 2023.