v3.26.1
Pension Plans and Postretirement Benefits
6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Pension Plans and Postretirement Benefits PENSION PLANS AND POSTRETIREMENT BENEFITS
We record the service cost component of net periodic benefit cost within Operating income on our condensed consolidated statements of income. For the three months ended June 30, 2026 and 2025, these amounts were $5.1 million and $3.3 million, respectively. For the six months ended June 30, 2026 and 2025, these amounts were $10.4 million and $5.0 million, respectively. All other components of net periodic benefit cost are included in Other – net within the condensed consolidated statements of income. For the three months ended June 30, 2026 and 2025, these amounts were $(4.0) million and $(2.0) million, respectively. For the six months ended June 30, 2026 and 2025, these amounts were $(8.0) million and $(3.7) million, respectively. Components of net periodic benefit cost included in net income were as follows:
Pension BenefitsOther Benefits
Three Months Ended
June 30,
Six Months Ended
June 30,
Three Months Ended
June 30,
Six Months Ended
June 30,
20262025202620252026202520262025
(In thousands)
Service cost$4,584 $2,897 $9,289 $4,580 $533 $384 $1,088 $469 
Interest cost16,451 13,782 33,145 25,235 949 869 1,921 1,401 
Expected return on plan assets
(21,901)(16,987)(44,103)(30,991)(480)(487)(960)(973)
Amortization of prior service cost 958 792 1,915 1,583 22 22 44 44 
Net periodic benefit loss
$92 $484 $246 $407 $1,024 $788 $2,093 $941