v3.26.1
Pension and Other Postretirement Plans (Tables)
6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Costs

The following table presents the components of net periodic benefit costs recognized.

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Pension Benefits

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

583

 

 

$

655

 

 

$

1,202

 

 

$

1,306

 

Interest cost

 

 

4,062

 

 

 

4,313

 

 

 

8,073

 

 

 

8,569

 

Expected return on assets

 

 

(7,790

)

 

 

(7,246

)

 

 

(15,526

)

 

 

(14,507

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial loss

 

 

59

 

 

 

102

 

 

 

103

 

 

 

150

 

Net periodic benefit (credit) cost

 

$

(3,086

)

 

$

(2,176

)

 

$

(6,148

)

 

$

(4,482

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Postretirement Benefits

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

177

 

 

$

188

 

 

$

352

 

 

$

371

 

Interest cost

 

 

677

 

 

 

754

 

 

 

1,359

 

 

 

1,514

 

Expected return on assets

 

 

(712

)

 

 

(634

)

 

 

(1,419

)

 

 

(1,358

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

Transition obligation

 

 

 

 

 

 

 

 

 

 

 

1

 

Actuarial gain

 

 

(208

)

 

 

(173

)

 

 

(389

)

 

 

(321

)

Net periodic benefit (credit) cost

 

$

(66

)

 

$

135

 

 

$

(97

)

 

$

207