v3.26.1
Employee Benefits
 6 Months Ended
Jun. 30, 2026
Postemployment Benefits [Abstract]  
Employee Benefits Employee Benefits
The Company sponsors various post-employment benefit plans including, in certain countries outside the United States, defined benefit and defined contribution pension plans, retirement compensation arrangements, and plans that provide extended health care coverage to retired employees, the majority of which relate to Nordion. The interest cost, expected return on plan assets and amortization of net actuarial gain are recorded in “Other income, net” and the service cost component is included in the same financial statement line item as the applicable employee’s wages in the Consolidated Statements of Operations and Comprehensive Income.
Defined benefit pension plan
The following defined benefit pension plan disclosure relates to Nordion. Certain immaterial foreign defined benefit pension plans have been excluded from the table below. The components of net periodic pension benefit for the defined benefit plans for the three and six months ended June 30, 2026 and 2025 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(thousands of U.S. dollars)2026202520262025
Service cost$116 $125 $234 $245 
Interest cost2,306 2,393 4,633 4,701 
Expected return on plan assets(4,189)(3,996)(8,418)(7,848)
Net periodic benefit$(1,767)$(1,478)$(3,551)$(2,902)
Other benefit plans
Other benefit plans disclosed below relate to Nordion and include a supplemental retirement arrangement, a retirement and termination allowance, and post-retirement benefit plans, which include contributory health and dental care benefits and contributory life insurance coverage. Certain immaterial other foreign benefit plans have been excluded from the table below.
All non-pension post-employment benefit plans are unfunded. The components of net periodic pension cost for the other benefit plans for the three and six months ended June 30, 2026 and 2025 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(thousands of U.S. dollars)2026202520262025
Service cost$1 $1 $2 $2 
Interest cost75 79 152 155 
Amortization of net actuarial gain(33)(18)(67)(36)
Net periodic benefit cost$43 $62 $87 $121