Note 9 – Pension and Other Postretirement Benefits Contributions to the Corporation’s employee benefit plans were as follows:
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
2025 |
|
U.S. defined benefit pension plans |
|
$ |
1,262 |
|
$ |
1,680 |
|
U.S. nonqualified defined benefit pension plans (e.g. payments) |
|
$ |
321 |
|
$ |
384 |
|
Foreign defined benefit pension plans |
|
$ |
142 |
|
$ |
193 |
|
Other postretirement benefits (e.g., net payments) |
|
$ |
129 |
|
$ |
181 |
|
Foreign defined contribution pension plans |
|
$ |
127 |
|
$ |
139 |
|
U.S. defined contribution plan |
|
$ |
877 |
|
$ |
1,565 |
|
Net periodic pension and other postretirement benefit costs included the following components:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
U.S. Defined Benefit Pension Plans (a) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Service cost |
|
$ |
5 |
|
|
$ |
2 |
|
|
$ |
10 |
|
|
$ |
9 |
|
Interest cost |
|
|
1,949 |
|
|
|
2,223 |
|
|
|
3,938 |
|
|
|
4,472 |
|
Expected return on plan assets |
|
|
(2,495 |
) |
|
|
(2,769 |
) |
|
|
(4,988 |
) |
|
|
(5,640 |
) |
Amortization of actuarial loss (gain) |
|
|
182 |
|
|
|
(55 |
) |
|
|
448 |
|
|
|
87 |
|
Net benefit income |
|
$ |
(359 |
) |
|
$ |
(599 |
) |
|
$ |
(592 |
) |
|
$ |
(1,072 |
) |
(a) Includes the nonqualified defined benefit pension plans.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
Foreign Defined Benefit Pension Plans(b) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Service cost |
|
$ |
9 |
|
|
$ |
34 |
|
|
$ |
18 |
|
|
$ |
60 |
|
Interest cost |
|
|
48 |
|
|
|
484 |
|
|
|
96 |
|
|
|
941 |
|
Expected return on plan assets |
|
|
— |
|
|
|
(556 |
) |
|
|
— |
|
|
|
(1,081 |
) |
Amortization of prior service credit |
|
|
— |
|
|
|
(74 |
) |
|
|
— |
|
|
|
(144 |
) |
Amortization of actuarial loss |
|
|
2 |
|
|
|
208 |
|
|
|
5 |
|
|
|
405 |
|
Net benefit expense |
|
$ |
59 |
|
|
$ |
96 |
|
|
$ |
119 |
|
|
$ |
181 |
|
(b) Includes UES-UK for the three and six months ended June 30, 2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
Other Postretirement Benefit Plans |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Service cost |
|
$ |
30 |
|
|
$ |
27 |
|
|
$ |
64 |
|
|
$ |
69 |
|
Interest cost |
|
|
63 |
|
|
|
86 |
|
|
|
151 |
|
|
|
176 |
|
Amortization of prior service credit |
|
|
(256 |
) |
|
|
(256 |
) |
|
|
(512 |
) |
|
|
(512 |
) |
Amortization of actuarial gain |
|
|
(92 |
) |
|
|
(81 |
) |
|
|
(172 |
) |
|
|
(159 |
) |
Net benefit income |
|
$ |
(255 |
) |
|
$ |
(224 |
) |
|
$ |
(469 |
) |
|
$ |
(426 |
) |
|