v3.26.1
Retirement and Pension Plans
6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Retirement and Pension Plans Retirement and Pension Plans
The components of net periodic pension benefit expense (income) were as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
(In thousands)
Defined benefit plans:
Service cost$505 $596 $1,011 $1,168 
Interest cost7,121 7,325 14,253 14,500 
Expected return on plan assets(14,441)(13,236)(28,894)(26,330)
Amortization of net actuarial loss and other1,469 2,066 2,941 4,085 
Pension income(5,346)(3,249)(10,689)(6,577)
Other plans:
Defined contribution plans13,120 11,187 26,599 23,691 
Foreign plans and other1,857 1,184 3,601 2,988 
Total other plans14,977 12,371 30,200 26,679 
Total net pension expense$9,631 $9,122 $19,511 $20,102 
For defined benefit plans, the net periodic benefit income, other than the service cost component, is included in “Other (expense) income, net” in the consolidated statement of income.
For the six months ended June 30, 2026 and 2025, contributions to the Company’s defined benefit pension plans were $2.5 million and $3.0 million, respectively. The Company’s current estimate of 2026 contributions to its worldwide defined benefit pension plans is in line with the range disclosed in Note 12 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.