v3.26.1
Pension Plans and Other Postretirement Benefits
 3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Pension Plans and Other Postretirement Benefits Pension Plans and Other Postretirement Benefits:
The components of pension and postretirement benefits cost (credit) for the three-month periods ended March 31, 2026 and 2025 were as follows (in thousands):
Three Months Ended
March 31,
20262025
Pension Benefits Cost (Credit):
Service cost$1,550 $1,397 
Interest cost8,412 8,339 
Expected return on assets(7,694)(8,535)
Amortization of prior service benefit20 19 
Total net pension benefits cost$2,288 $1,220 
Postretirement Benefits Cost:
Service cost$4 $5 
Interest cost629 471 
Total net postretirement benefits cost$633 $476 
Total net pension and postretirement benefits cost$2,921 $1,696 
All components of net benefit cost, other than service cost, are included in Other income, net on the consolidated statements of income.
During the three-month periods ended March 31, 2026 and 2025, the Company made contributions of $3.2 million and $5.2 million, respectively, to its qualified and nonqualified plans and the U.S. postretirement benefit plan. We expect contributions to our domestic nonqualified and foreign qualified and nonqualified pension plans to be approximately $19.1 million in 2026.