Schedule of Net Benefit Costs of Assumptions Used |
Components of net periodic benefit costs for the three and six months ended February 28, 2025, and February 29, 2024, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Qualified Pension Benefits | | Nonqualified Pension Benefits | | Other Benefits | | February 28, 2025 | | February 29, 2024 | | February 28, 2025 | | February 29, 2024 | | February 28, 2025 | | February 29, 2024 | Components of net periodic benefit costs: | (Dollars in thousands) | Service cost | $ | 10,932 | | | $ | 9,348 | | | $ | 757 | | | $ | 492 | | | $ | 211 | | | $ | 163 | | Interest cost | 8,725 | | | 8,982 | | | 289 | | | 261 | | | 285 | | | 286 | | Expected return on assets | (11,744) | | | (11,965) | | | — | | | — | | | — | | | — | | Prior service cost (credit) amortization | 50 | | | 45 | | | (12) | | | (29) | | | (111) | | | (111) | | Actuarial loss (gain) amortization | 3,204 | | | 449 | | | 200 | | | 95 | | | (309) | | | (404) | | | | | | | | | | | | | | Net periodic benefit cost (benefit) | $ | 11,167 | | | $ | 6,859 | | | $ | 1,234 | | | $ | 819 | | | $ | 76 | | | $ | (66) | | | | | | | | | | | | | | | Six Months Ended | | Qualified Pension Benefits | | Nonqualified Pension Benefits | | Other Benefits | | February 28, 2025 | | February 29, 2024 | | February 28, 2025 | | February 29, 2024 | | February 28, 2025 | | February 29, 2024 | Components of net periodic benefit costs: | (Dollars in thousands) | Service cost | $ | 21,864 | | | $ | 18,696 | | | $ | 1,514 | | | $ | 984 | | | $ | 422 | | | $ | 325 | | Interest cost | 17,449 | | | 17,964 | | | 577 | | | 522 | | | 570 | | | 572 | | Expected return on assets | (23,488) | | | (23,930) | | | — | | | — | | | — | | | — | | Prior service cost (credit) amortization | 100 | | | 89 | | | (24) | | | (57) | | | (223) | | | (223) | | Actuarial loss (gain) amortization | 6,408 | | | 898 | | | 400 | | | 190 | | | (617) | | | (808) | | | | | | | | | | | | | | Net periodic benefit cost (benefit) | $ | 22,333 | | | $ | 13,717 | | | $ | 2,467 | | | $ | 1,639 | | | $ | 152 | | | $ | (134) | |
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