Schedule of Components of Net Periodic Pension Cost/(Income) and Postretirement Benefit Cost |
The components of net periodic pension cost/(income) were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Quarters Ended | | | June 30, 2025 | | June 30, 2024 | (In thousands) | | Qualified Plans | | Non- Qualified Plans | | All Plans | | Qualified Plans | | Non- Qualified Plans | | All Plans | Service cost | | $ | 1,661 | | | $ | — | | | $ | 1,661 | | | $ | 1,541 | | | $ | — | | | $ | 1,541 | | Interest cost | | 13,217 | | | 2,076 | | | 15,293 | | | 13,376 | | | 2,206 | | | 15,582 | | Expected return on plan assets | | (15,282) | | | — | | | (15,282) | | | (18,109) | | | — | | | (18,109) | | Amortization of actuarial loss | | 4,026 | | | 866 | | | 4,892 | | | 2,603 | | | 997 | | | 3,600 | | Amortization of prior service credit | | (486) | | | — | | | (486) | | | (486) | | | — | | | (486) | | Effect of settlement | | — | | | — | | | — | | | — | | | (27) | | | (27) | | Net periodic pension cost/(income) | | $ | 3,136 | | | $ | 2,942 | | | $ | 6,078 | | | $ | (1,075) | | | $ | 3,176 | | | $ | 2,101 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Six Months Ended | | | June 30, 2025 | | June 30, 2024 | (In thousands) | | Qualified Plans | | Non- Qualified Plans | | All Plans | | Qualified Plans | | Non- Qualified Plans | | All Plans | Service cost | | $ | 3,322 | | | $ | — | | | $ | 3,322 | | | $ | 3,082 | | | $ | — | | | $ | 3,082 | | Interest cost | | 26,434 | | | 4,153 | | | 30,587 | | | 26,752 | | | 4,413 | | | 31,165 | | Expected return on plan assets | | (30,564) | | | — | | | (30,564) | | | (36,218) | | | — | | | (36,218) | | Amortization of actuarial loss | | 8,052 | | | 1,731 | | | 9,783 | | | 5,206 | | | 1,994 | | | 7,200 | | Amortization of prior service credit | | (972) | | | — | | | (972) | | | (972) | | | — | | | (972) | | Effect of settlement | | — | | | — | | | — | | | — | | | (27) | | | (27) | | Net periodic pension cost/(income) | | $ | 6,272 | | | $ | 5,884 | | | $ | 12,156 | | | $ | (2,150) | | | $ | 6,380 | | | $ | 4,230 | |
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