v3.26.1
Pension Plans and Other Postretirement Benefits
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Pension Plans and Other Postretirement Benefits Pension Plans and Other Postretirement Benefits:
The components of pension and postretirement benefits cost (credit) for the three-month and six-month periods ended June 30, 2026 and 2025 were as follows (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Pension Benefits Cost (Credit):
Service cost$1,500 $1,447 $3,050 $2,844 
Interest cost8,365 8,454 16,777 16,793 
Expected return on assets(8,140)(8,588)(15,834)(17,123)
Amortization of prior service benefit20 20 40 39 
Total net pension benefits cost$1,745 $1,333 $4,033 $2,553 
Postretirement Benefits Cost:
Service cost$4 $5 $8 $10 
Interest cost629 470 1,258 941 
Total net postretirement benefits cost$633 $475 $1,266 $951 
Total net pension and postretirement benefits cost$2,378 $1,808 $5,299 $3,504 
All components of net benefit cost, other than service cost, are included in Other income (expenses), net on the consolidated statements of income.
During the three-month and six-month periods ended June 30, 2026, the Company made contributions of $11.1 million and $14.3 million, respectively to its qualified and nonqualified plans and the U.S. postretirement benefit plan. During the three-month and six-month periods ended and June 30, 2025, the Company made contributions of $4.7 million and $9.9 million, respectively, to its qualified and nonqualified plans and the U.S. postretirement benefit plan. We expect contributions to our domestic nonqualified and foreign qualified and nonqualified pension plans to be approximately $19.1 million in 2026.