RETIREMENT PLANS AND POSTRETIREMENT BENEFITS |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retirement Benefits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RETIREMENT PLANS AND POSTRETIREMENT BENEFITS | RETIREMENT PLANS AND POSTRETIREMENT BENEFITS Company-Sponsored Defined Benefit Pension Plan We maintain two company-sponsored defined benefit plans applicable to a portion of salaried past and present team members, which are closed to future accrual. Net Periodic (Benefit) Cost Interest cost represents the increase in the projected benefit obligation, which is a discounted amount, due to the passage of time. The expected return on plan assets reflects the computed amount of current-year earnings from the investment of plan assets using an estimated long-term rate of return.
During the six months ended June 30, 2026, funding of pension plans was $4.0 million. For the remainder of 2026, we estimate approximately $4.2 million of cash contributions.
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