Note 9 – Pension and Other Postretirement Benefits Contributions to the Corporation’s employee benefit plans were as follows:
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Three Months Ended March 31, |
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2026 |
|
2025 |
|
U.S. defined benefit pension plans |
|
$ |
598 |
|
$ |
796 |
|
U.S. nonqualified defined benefit pension plans (e.g. payments) |
|
$ |
167 |
|
$ |
192 |
|
Foreign defined benefit pension plans |
|
$ |
77 |
|
$ |
106 |
|
Other postretirement benefits (e.g., net payments) |
|
$ |
69 |
|
$ |
85 |
|
Foreign defined contribution pension plans |
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$ |
60 |
|
$ |
70 |
|
U.S. defined contribution plan |
|
$ |
472 |
|
$ |
854 |
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Net periodic pension and other postretirement benefit costs included the following components:
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Three Months Ended March 31, |
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U.S. Defined Benefit Pension Plans (a) |
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2026 |
|
|
2025 |
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Service cost |
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$ |
5 |
|
|
$ |
7 |
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Interest cost |
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|
1,989 |
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|
2,249 |
|
Expected return on plan assets |
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|
(2,493 |
) |
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|
(2,871 |
) |
Amortization of actuarial loss |
|
|
266 |
|
|
|
142 |
|
Net benefit income |
|
$ |
(233 |
) |
|
$ |
(473 |
) |
(a) Includes the nonqualified defined benefit pension plans.
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Three Months Ended March 31, |
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Foreign Defined Benefit Pension Plans(b) |
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2026 |
|
|
2025 |
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Service cost |
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$ |
9 |
|
|
$ |
26 |
|
Interest cost |
|
|
48 |
|
|
|
457 |
|
Expected return on plan assets |
|
|
— |
|
|
|
(525 |
) |
Amortization of prior service credit |
|
|
— |
|
|
|
(70 |
) |
Amortization of actuarial loss |
|
|
3 |
|
|
|
197 |
|
Net benefit expense |
|
$ |
60 |
|
|
$ |
85 |
|
(b) Includes UES-UK for the three months ended March 31, 2025.
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Three Months Ended March 31, |
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Other Postretirement Benefit Plans |
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2026 |
|
|
2025 |
|
Service cost |
|
$ |
34 |
|
|
$ |
42 |
|
Interest cost |
|
|
88 |
|
|
|
90 |
|
Amortization of prior service credit |
|
|
(256 |
) |
|
|
(256 |
) |
Amortization of actuarial gain |
|
|
(80 |
) |
|
|
(78 |
) |
Net benefit income |
|
$ |
(214 |
) |
|
$ |
(202 |
) |
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