Employee Benefit Plans (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Retirement Benefits [Abstract] |
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| Schedule of Actuarial Information |
Actuarial information regarding these plans is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2025 | | | National
Service-Related Pension Plan (NSRPP) | | Other
Post-Retirement Benefits (OPRB) | | Superannuation | | Austria Plans | | Total | Change in benefit obligation: | | Benefit obligation – January 1, 2025 | | $ | (23,352) | | | $ | (474) | | | $ | (1,614) | | | $ | (2,090) | | | (27,530) | | Service cost | | — | | | — | | | (65) | | | (88) | | | (153) | | Interest cost | | (1,236) | | | (20) | | | (90) | | | (64) | | | (1,410) | | Actuarial (loss) gain | | (144) | | | 7 | | | (97) | | | (20) | | | (254) | | Benefits paid | | 1,376 | | | — | | | 582 | | | 130 | | | 2,088 | | Plan participants’ contributions | | — | | | — | | | (16) | | | — | | | (16) | | Foreign currency translation gain | | — | | | — | | | (136) | | | (286) | | | (422) | | Benefit obligation – end of year | | $ | (23,356) | | | $ | (487) | | | $ | (1,436) | | | $ | (2,418) | | | $ | (27,697) | | | | | | | | | | | | | Change in plan assets: | | | | | | | | | | | Fair value of plan assets – January 1, 2025 | | $ | 24,399 | | | $ | — | | | $ | 1,663 | | | $ | 1,107 | | | $ | 27,169 | | Actual return on plan assets | | 1,666 | | | — | | | 29 | | | 5 | | | 1,700 | | Employer contributions | | — | | | — | | | 24 | | | 123 | | | 147 | | Benefits paid | | (1,376) | | | — | | | (562) | | | (94) | | | (2,032) | | Plan participants’ contributions | | — | | | — | | | 16 | | | — | | | 16 | | Foreign currency translation loss | | — | | | — | | | 112 | | | 149 | | | 261 | | Fair value of plan assets – end of year | | 24,689 | | | — | | | 1,282 | | | 1,290 | | | 27,261 | | Funded status | | $ | 1,333 | | | $ | (487) | | | $ | (154) | | | $ | (1,128) | | | $ | (436) | | | | | | | | | | | | | Amounts recognized on the consolidated balance sheet as of December 31, 2025: | | | | | | | | | | | Pension and post-retirement asset (liability) | | $ | 1,333 | | | $ | (487) | | | $ | (154) | | | $ | (1,128) | | | $ | (436) | | Accumulated other comprehensive (income) loss | | (1,205) | | | (73) | | | 273 | | | 23 | | | (982) | | Amounts in accumulated other comprehensive (income) loss consist of: | | | | | | | | | | | Net (gain) loss | | $ | (1,205) | | | $ | (73) | | | $ | 273 | | | $ | 23 | | | $ | (982) | | | | | | | | | | | | | Other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss: | | | | | | | | | | | Net (gain) loss | | $ | (362) | | | $ | (7) | | | $ | 200 | | | $ | (4) | | | $ | (173) | | Amortization of net gain | | 187 | | | 7 | | | — | | | 4 | | | 198 | | Amount recognized due to special event | | — | | | — | | | (37) | | | — | | | (37) | | Foreign currency translation loss | | — | | | — | | | 4 | | | — | | | 4 | | | Effect of tax | | 45 | | | — | | | (49) | | | — | | | (4) | | Total recognized in other comprehensive (income) loss | | $ | (130) | | | $ | — | | | $ | 118 | | | $ | — | | | $ | (12) | | | | | | | | | | | | | Information for plans with accumulated benefit obligation in excess of plan assets: | | | | | | | | | | | Projected benefit obligation | | N/A | | $ | 487 | | | $ | 1,436 | | | $ | 2,418 | | | $ | 4,341 | | Accumulated benefit obligation | | N/A | | $ | 487 | | | $ | 1,349 | | | $ | 2,155 | | | $ | 3,991 | | Fair value of plan assets | | N/A | | $ | — | | | $ | 1,282 | | | $ | 1,290 | | | $ | 2,572 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2024 | | | National
Service-Related Pension Plan (NSRPP) | | Other
Post-Retirement Benefits (OPRB) | | Superannuation | | Austria Plans | | Total | Change in benefit obligation: | | Benefit obligation – January 1, 2024 | | $ | (27,138) | | | $ | (503) | | | $ | (1,559) | | | $ | (2,509) | | | $ | (31,709) | | Service cost | | — | | | — | | | (44) | | | (74) | | | (118) | | Interest cost | | (1,262) | | | (20) | | | (74) | | | (70) | | | (1,426) | | Actuarial gain (loss) | | 1,610 | | | 16 | | | (109) | | | 274 | | | 1,791 | | Benefits paid | | 1,344 | | | — | | | 45 | | | 131 | | | 1,520 | | Plan participants’ contributions | | — | | | — | | | (16) | | | — | | | (16) | | Foreign currency translation loss | | — | | | — | | | 143 | | | 158 | | | 301 | | Effect of settlement | | 2,094 | | | 33 | | | — | | | — | | | 2,127 | | Benefit obligation – end of year | | $ | (23,352) | | | $ | (474) | | | $ | (1,614) | | | $ | (2,090) | | | $ | (27,530) | | | | | | | | | | | | | Change in plan assets: | | | | | | | | | | | Fair value of plan assets – January 1, 2024 | | $ | 27,365 | | | $ | — | | | $ | 1,633 | | | $ | 1,314 | | | $ | 30,312 | | Actual return on plan assets | | 472 | | | — | | | 539 | | | 39 | | | 1,050 | | Employer contributions | | — | | | 33 | | | — | | | 134 | | | 167 | | Benefits paid | | (1,344) | | | — | | | (116) | | | (41) | | | (1,501) | | Effect of settlement | | (2,094) | | | (33) | | | — | | | — | | | (2,127) | | Plan participants’ contributions | | — | | | — | | | 43 | | | — | | | 43 | | Foreign currency translation loss | | — | | | — | | | (436) | | | (66) | | | (502) | | | Others | | — | | | — | | | — | | | (273) | | | (273) | | Fair value of plan assets – end of year | | 24,399 | | | — | | | 1,663 | | | 1,107 | | | 27,169 | | Funded status | | $ | 1,047 | | | $ | (474) | | | $ | 49 | | | $ | (983) | | | $ | (361) | | | | | | | | | | | | | Amounts recognized on the consolidated balance sheet as of December 31, 2024: | | | | | | | | | | | Pension and post-retirement asset (liability) | | $ | 1,047 | | | $ | (474) | | | $ | 49 | | | $ | (983) | | | $ | (361) | | Accumulated other comprehensive (income) loss | | (1,030) | | | (74) | | | 96 | | | (307) | | | $ | (1,315) | | Amounts in accumulated other comprehensive (income) loss consist of: | | | | | | | | | | | Net (gain) loss | | $ | (1,030) | | | $ | (74) | | | $ | 96 | | | $ | (307) | | | $ | (1,315) | | | | | | | | | | | | | Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income): | | | | | | | | | | | Net (gain) loss | | $ | (700) | | | $ | (16) | | | $ | 13 | | | $ | 99 | | | $ | (604) | | Amortization of net loss (gain) | | 60 | | | 5 | | | — | | | (21) | | | 44 | | Amount recognized due to special event | | 44 | | | 5 | | | — | | | — | | | 49 | | Foreign currency translation gain | | — | | | — | | | (4) | | | — | | | (4) | | Total recognized in other comprehensive (income) loss | | $ | (596) | | | $ | (6) | | | $ | 9 | | | $ | 78 | | | $ | (515) | | | | | | | | | | | | | Information for plans with accumulated benefit obligation in excess of plan assets: | | | | | | | | | | | Projected benefit obligation | | N/A | | $ | 474 | | | $ | 1,614 | | | $ | 2,090 | | | $ | 4,178 | | Accumulated benefit obligation | | N/A | | $ | 474 | | | $ | 1,482 | | | $ | 1,833 | | | $ | 3,789 | | Fair value of plan assets | | N/A | | $ | — | | | $ | 1,663 | | | $ | 1,107 | | | $ | 2,770 | |
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| Schedule of Net Periodic Benefit Cost |
The components of net period benefit cost for the years ended December 31, 2025, 2024 and 2023 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Americold Retirement
Income Plan (ARIP) | | National
Service-Related Pension Plan (NSRPP) | | Other
Post-Retirement Benefits (OPRB) | | Superannuation | | Austria Plans | | Total | Components of net periodic benefit cost: | (In thousands) | Service cost | $ | — | | | $ | — | | | $ | — | | | $ | 65 | | | $ | 88 | | | $ | 153 | | Interest cost | — | | | 1,236 | | | 20 | | | 90 | | | 64 | | | 1,410 | | Expected return on plan assets | — | | | (1,158) | | | — | | | (131) | | | — | | | (1,289) | | Amortization of net gain | — | | | (187) | | | (7) | | | — | | | (4) | | | (198) | | Effect of settlement | — | | | — | | | — | | | 37 | | | — | | | 37 | | Net pension benefit (income) cost | $ | — | | | $ | (109) | | | $ | 13 | | | $ | 61 | | | $ | 148 | | | $ | 113 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Americold Retirement
Income Plan (ARIP) | | National
Service-Related Pension Plan (NSRPP) | | Other
Post-Retirement Benefits (OPRB) | | Superannuation | | Austria Plans | | Total | Components of net periodic benefit cost: | (In thousands) | Service cost | $ | — | | | $ | — | | | $ | — | | | $ | 44 | | | $ | 74 | | | 118 | | Interest cost | — | | | 1,262 | | | 20 | | | 74 | | | 70 | | | 1,426 | | Expected return on plan assets | — | | | (1,214) | | | — | | | (117) | | | — | | | (1,331) | | Amortization of net (gain) loss | — | | | (60) | | | (5) | | | — | | | 21 | | | (44) | | Effect of settlement | — | | | (44) | | | (5) | | | — | | | — | | | (49) | | Net pension benefit (income) cost | $ | — | | | $ | (56) | | | $ | 10 | | | $ | 1 | | | $ | 165 | | | $ | 120 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | Americold Retirement
Income Plan (ARIP) | | National
Service-Related Pension Plan (NSRPP) | | Other
Post-Retirement Benefits (OPRB) | | Superannuation | | Austria Plans | | Total | Components of net periodic benefit cost: | (In thousands) | Service cost | $ | — | | | $ | — | | | $ | — | | | $ | 48 | | | $ | 102 | | | 150 | | Interest cost | 1,603 | | | 1,322 | | | 21 | | | 64 | | | 84 | | | 3,094 | | Expected return on plan assets | (1,120) | | | (1,285) | | | — | | | (69) | | | — | | | (2,474) | | Amortization of net loss (gain) | 646 | | | (77) | | | (2) | | | — | | | 14 | | | 581 | | Effect of settlement | 2,152 | | | — | | | — | | | — | | | — | | | 2,152 | | Net pension benefit cost (income) | $ | 3,281 | | | $ | (40) | | | $ | 19 | | | $ | 43 | | | $ | 200 | | | $ | 3,503 | |
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| Schedule of Weighted Average Assumptions Used To Determine Benefit Obligations and Net Period Benefit Costs |
The weighted average assumptions used to determine benefit obligations and net period benefit costs for the years ended December 31, 2025, 2024 and 2023 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | ARIP | | NSRPP | | OPRB | | Superannuation | | Austria Plans | Weighted-average assumptions used to determine obligations (balance sheet): | | | | | | | | | | Discount rate | N/A | | 5.35% | | 4.40% | | 5.40% | | 3.81% | Rate of compensation increase | N/A | | N/A | | N/A | | 3.50% | | 3.00% | Weighted-average assumptions used to determine net periodic benefit cost (statement of operations): | | | | | | | | | | Discount rate | N/A | | 5.48% | | 4.95% | | 5.30% | | 3.12% | Expected return on plan assets | N/A | | 5.50% | | N/A | | 7.50% | | N/A | Rate of compensation increase | N/A | | N/A | | N/A | | 3.00% | | N/A |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | ARIP | | NSRPP | | OPRB | | Superannuation | | Austria Plans | Weighted-average assumptions used to determine obligations (balance sheet): | | | | | | | | | | Discount rate | N/A | | 5.48% | | 4.95% | | 5.30% | | 3.12% | Rate of compensation increase | N/A | | N/A | | N/A | | 3.00% | | 3.00% | Weighted-average assumptions used to determine net periodic benefit cost (statement of operations): | | | | | | | | | | Discount rate | N/A | | 4.82% | | 4.57% | | 5.25% | | 3.41% | Expected return on plan assets | N/A | | 5.50% | | N/A | | 7.50% | | N/A | Rate of compensation increase | N/A | | N/A | | N/A | | 3.00% | | N/A |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | ARIP | | NSRPP | | OPRB | | Superannuation | | Austria Plans | Weighted-average assumptions used to determine obligations (balance sheet): | | | | | | | | | | Discount rate | N/A | | 4.90% | | 4.57% | | 5.25% | | 3.41% | Rate of compensation increase | N/A | | N/A | | N/A | | 3.00% | | 3.00% | Weighted-average assumptions used to determine net periodic benefit cost (statement of operations): | | | | | | | | | | Discount rate | N/A | | 5.11% | | 4.81% | | 5.40% | | 3.78% | Expected return on plan assets | N/A | | 5.50% | | N/A | | 5.00% | | N/A | Rate of compensation increase | N/A | | N/A | | N/A | | 2.50% | | N/A |
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| Schedule of Pension Plan Assets By Category |
The fair values of the Company’s pension plan assets by category, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Level 1 | | Level 2 | | Level 3 | | Total | Assets | (In thousands) | U.S. equities: | | | | | | | | Large cap | $ | — | | | $ | — | | | $ | — | | | $ | — | | Fixed-income securities: | | | | | | | | Money markets | — | | | 455 | | | — | | | 455 | | U.S. bonds(1) | 24,234 | | | — | | | — | | | 24,234 | | Common/collective trusts | — | | | 1,282 | | | — | | | 1,282 | | | Other | — | | | — | | | 1,290 | | | 1,290 | | Total assets | $ | 24,234 | | | $ | 1,737 | | | $ | 1,290 | | | $ | 27,261 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Level 1 | | Level 2 | | Level 3 | | Total | Assets | (In thousands) | U.S. equities: | | | | | | | | Large cap | $ | — | | | $ | 1,800 | | | $ | — | | | $ | 1,800 | | Fixed-income securities: | | | | | | | | Money markets | — | | | 124 | | | — | | | 124 | | U.S. bonds(1) | 22,052 | | | — | | | — | | | 22,052 | | Real estate(2) | — | | | 423 | | | — | | | 423 | | Common/collective trusts | — | | | 1,663 | | | — | | | 1,663 | | | Other | — | | | — | | | 1,107 | | | 1,107 | | Total assets | $ | 22,052 | | | $ | 4,010 | | | $ | 1,107 | | | $ | 27,169 | |
(1)Includes publicly traded funds which primarily hold debt and fixed-income securities. (2)Includes funds in a separate account held by a regulated investment company that invest primarily in commercial real estate and includes mortgage loans which are backed by the associated properties. The Company can call the investment in these assets with no restrictions.
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| Schedule of Estimated Future Benefit Payments |
The following benefit payments, which reflect expected future services, as appropriate, are expected to be paid for all plans as of December 31, 2025: | | | | | | | | | Years Ending December 31: | | (In thousands) | | 2026 | | $ | 2,478 | | | 2027 | | 2,087 | | | 2028 | | 1,956 | | | 2029 | | 2,069 | | | 2030 | | 2,344 | | | Thereafter | | 12,962 | | | Total | | $ | 23,896 | |
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| Schedule of Multi-employer Plans |
The table below presents the amounts charged to expense within the Consolidated Statements of Operations for the Company’s contributions to the multi-employer plans for the years ended December 31, 2025, 2024 and 2023. | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pension Fund | EIN | Zone Status | | Americold Contributions | | | 2025 | | 2024 | | 2023 | | | | | | (In thousands) | | Central Pension Fund of the International Union of Operating Engineers and Participating Employers(1) | 36-6052390 | Green | | | $ | 78 | | $ | 64 | | $ | 7 | | Central States SE & SW Areas Health and Welfare Pension Plans(2) | 36-6044243 | Red | | | — | | — | | 3 | | New England Teamsters & Trucking Industry Pension Plan(3) | 04-6372430 | Red | | | — | | — | | 592 | | Alternative New England Teamsters & Trucking Industry Pension Plan | 04-6372430 | Red | | | 183 | | 230 | | 288 | | I.U.O.E Stationary Engineers Local 39 Pension Fund(2) | 94-6118939 | Green | | | 101 | | 114 | | 138 | | Western Conference of Teamsters Pension Fund(2)(3) | 91-6145047 | Green | | | 2,882 | | 2,813 | | 2,866 | | Minneapolis Food Distributing Industry Pension Plan(2) | 41-6047047 | Green | | | 128 | | 154 | | 175 | | | WWEC Local 863 Pension Fund | 26-3541447 | Yellow | | | 40 | | 38 | | 3,127 | | | Total Contributions | | | $ | 3,412 | | $ | 3,413 | | $ | 7,196 | |
(1)The status information is for the plan’s year end at January 31, 2025 and 2024. (2)The status information is for the plans’ year end at December 31, 2025 and 2024. (3)The status information is for the plan’s year end at September 30, 2025 and 2024. The Company withdrew from the multi-employer plan on October 31, 2017. The related liability of $6.2 million as of December 31, 2025 is reflected in “Other liabilities” on the accompanying Consolidated Balance Sheets and will be repaid over the next 22 years.
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