EMPLOYEE BENEFIT PLANS |
NOTE 13 — EMPLOYEE BENEFIT PLANS Components of Net Periodic Benefit Cost (Income) The components of net periodic benefit cost (income) for Dole’s U.S. and international pension plans and other postretirement benefit (“OPRB”) plans were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | U.S. Pension Plans | | International Pension Plans | | OPRB Plans | | Three Months Ended June 30, 2025 | | Three Months Ended June 30, 2024 | | Three Months Ended June 30, 2025 | | Three Months Ended June 30, 2024 | | Three Months Ended June 30, 2025 | | Three Months Ended June 30, 2024 | | | | | | | | | | | | | | (U.S. Dollars in thousands) | Service cost | $ | 47 | | | $ | 51 | | | $ | 1,015 | | | $ | 945 | | | $ | — | | | $ | — | | Interest cost | 1,961 | | | 2,087 | | | 3,079 | | | 2,975 | | | 176 | | | 178 | | Expected return on plan assets | (2,705) | | | (2,998) | | | (2,110) | | | (2,082) | | | — | | | — | | Amortization of: | | | | | | | | | | | | Net (gain) loss | (18) | | | (6) | | | 13 | | | (343) | | | 59 | | | 16 | | Prior service benefit | — | | | — | | | (153) | | | (164) | | | — | | | — | | Curtailments, settlements and terminations, net | — | | | — | | | 141 | | | (584) | | | — | | | — | | Foreign exchange impact and other | — | | | — | | | — | | | 15 | | | — | | | — | | Net periodic pension (income) cost | $ | (715) | | | $ | (866) | | | $ | 1,985 | | | $ | 762 | | | $ | 235 | | | $ | 194 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | U.S. Pension Plans | | International Pension Plans | | OPRB Plans | | Six Months Ended June 30, 2025 | | Six Months Ended June 30, 2024 | | Six Months Ended June 30, 2025 | | Six Months Ended June 30, 2024 | | Six Months Ended June 30, 2025 | | Six Months Ended June 30, 2024 | | | | | | | | | | | | | | (U.S. Dollars in thousands) | Service cost | $ | 93 | | | $ | 103 | | | $ | 2,030 | | | $ | 2,240 | | | $ | — | | | $ | — | | Interest cost | 3,923 | | | 4,198 | | | 6,158 | | | 5,928 | | | 352 | | | 357 | | Expected return on plan assets | (5,411) | | | (5,995) | | | (4,220) | | | (4,164) | | | — | | | — | | Amortization of: | | | | | | | | | | | | Net (gain) loss | (37) | | | (32) | | | 26 | | | (667) | | | 118 | | | 32 | | Prior service benefit | — | | | — | | | (305) | | | (327) | | | — | | | — | | Curtailments, settlements and terminations, net | — | | | — | | | 141 | | | (623) | | | — | | | — | | Foreign exchange impact and other | — | | | — | | | — | | | 38 | | | — | | | — | | Net periodic pension income (cost) | $ | (1,432) | | | $ | (1,726) | | | $ | 3,830 | | | $ | 2,425 | | | $ | 470 | | | $ | 389 | |
The Company classifies the non-service components of net periodic pension cost (income) within other (expense) income, net, in the condensed consolidated statements of operations. Non-service components include interest costs, expected return on plan assets, amortization of net (gain) loss and prior service benefit and other curtailment, settlement or termination costs.
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