v3.26.1
Pension Plans (Tables)
6 Months Ended
Jun. 30, 2026
Defined Benefit Pension Plan [Member]  
Schedule of Net Benefit Costs The total benefit arising from the Company’s defined benefit pension plans consists of the following components:
  Three Months Ended 
 June 30
Six Months Ended 
 June 30
(in thousands)2026202520262025
Service cost$11,922 $11,699 $23,502 $23,891 
Interest cost7,597 6,956 16,292 13,377 
Expected return on assets(44,538)(41,881)(88,818)(83,852)
Amortization of prior service credit(497)(521)(993)(1,040)
Net Periodic Benefit(25,516)(23,747)(50,017)(47,624)
Settlement(136,955)— (136,955)— 
Early retirement and separation program costs3,837 6,015 7,937 6,639 
Total Benefit$(158,634)$(17,732)$(179,035)$(40,985)
Schedule of Allocation of Plan Assets The assets of the Company’s pension plans were allocated as follows:
  As of
  June 30,
2026
December 31,
2025
  
U.S. equities64 %63 %
Private investment funds17 %17 %
International equities16 %16 %
U.S. fixed income3 %%
  100 %100 %
Supplemental Executive Retirement Plan (SERP) [Member]  
Schedule of Net Benefit Costs
The total cost arising from the Company’s Supplemental Executive Retirement Plan (SERP) consists of the following components:
  Three Months Ended 
 June 30
Six Months Ended 
 June 30
(in thousands)2026202520262025
Service cost$290 $238 $579 $477 
Interest cost1,155 1,197 2,310 2,394 
Net Periodic Cost$1,445 $1,435 $2,889 $2,871