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Employee Benefit Plans
 3 Months Ended
Mar. 31, 2024
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
Retirement Plans and Retiree Health and Life Insurance Plans
The Company provides non-contributory defined benefit pension plans for certain of its employees in the United States, Mexico, Belgium, Germany, Greece, France, and Turkey. The Company also sponsors contributory defined benefit pension plans covering certain of its employees in the United Kingdom, Canada and the Netherlands, and provides postretirement healthcare and life insurance benefits to a limited number of its retirees and their dependents in the United States and Canada, based on certain age and/or service eligibility requirements.
The components of net periodic benefit cost/(income) include the following:
Three Months Ended
March 31, 2024April 2, 2023
Retirement Plans
Service cost$755 $687 
Interest cost4,709 4,294 
Expected return on plan assets(2,796)(2,444)
Amortization of prior service cost205 219 
Amortization of net actuarial loss1,075 1,045 
Effect of settlement loss— 686 
Net periodic benefit cost$3,948 $4,487 
Retiree Health and Life Insurance Plans
Service cost$54 $62 
Interest cost250 130 
Expected return on plan assets(98)(79)
Amortization of prior service cost96 — 
Amortization of net actuarial gain(146)(193)
Net periodic benefit cost/(income)$156 $(80)
Settlement Charges
The Company recognized settlement charges of $686 during the three-month period ended April 2, 2023. These charges resulted from payments made to certain participants in the Company’s non-union Canadian pension plan who elected a lump sum distribution option upon retirement. No settlement charges were recognized during the three-month period ended March 31, 2024.
Contributions
The Company made aggregate contributions of $3,989 and $4,931 to its defined benefit retirement and retiree health and life insurance plans during the three-month periods ended March 31, 2024 and April 2, 2023, respectively. The Company expects to make additional aggregate contributions of approximately $16,300 to its defined benefit retirement and retiree health and life insurance plans over the remainder of 2024.