Schedule of Components of Net Periodic Benefit Cost |
The components of net periodic benefit cost for the three months ended June 29, 2025 and June 30, 2024 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pension Benefits | | Other Benefits | | | Three Months Ended | | Three Months Ended | | | June 29, 2025 | | June 30, 2024 | | June 29, 2025 | | June 30, 2024 | Service cost | | $ | 3,537 | | $ | 3,836 | | $ | 29 | | $ | 33 | Interest cost | | 9,249 | | | 9,646 | | | 1,232 | | | 1,213 | | Expected return on plan assets | | (12,046) | | | (12,799) | | | — | | | — | | Amortization of prior service credit | | (890) | | | (1,373) | | | (96) | | | (37) | | Amortization of net loss (gain) | | 3,554 | | | 3,808 | | | 314 | | | 139 | | Total net periodic benefit cost | | $ | 3,404 | | | $ | 3,118 | | | $ | 1,479 | | | $ | 1,348 | |
The components of net periodic benefit cost for the six months ended June 29, 2025 and June 30, 2024 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pension Benefits | | Other Benefits | | | Six Months Ended | | Six Months Ended | | | June 29, 2025 | | June 30, 2024 | | June 29, 2025 | | June 30, 2024 | Service cost | | $ | 7,039 | | $ | 7,685 | | $ | 56 | | $ | 67 | Interest cost | | 18,469 | | | 19,333 | | | 2,460 | | | 2,431 | | Expected return on plan assets | | (24,057) | | | (25,607) | | | — | | | — | | Amortization of prior service credit | | (1,779) | | | (2,746) | | | (192) | | | (75) | | Amortization of net loss (gain) | | 7,107 | | | 7,621 | | | 629 | | | 278 | | | | | | | | | | | Total net periodic benefit cost | | $ | 6,779 | | | $ | 6,286 | | | $ | 2,953 | | | $ | 2,701 | |
|