Retirement and Other Postretirement Benefit Plans |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Retirement Benefits [Abstract] | |
| Retirement and Other Postretirement Benefit Plans | Note 4 — Retirement and Other Postretirement Benefit Plans We maintain qualified and nonqualified defined benefit retirement plans covering certain current and former U.S. and European employees, retirement savings plans covering eligible U.S. and U.K. employees and certain postretirement health care and life insurance benefit plans covering eligible U.S. retirees. We also participate in a union sponsored multi-employer pension plan covering certain U.S. employees with union affiliations. Defined Benefit Retirement Plans We have nonqualified defined benefit retirement plans covering certain current and former employees that are funded as benefits are incurred. Expense related to the defined benefit retirement plans for the quarters ended September 30, 2026 and 2025 was $0.4 million and $0.5 million, respectively. Expense related to the defined benefit retirement plans for the nine months ended September 30, 2026 and 2025 was $1.1 million and $1.5 million, respectively. Postretirement Health Care and Life Insurance Benefit Plans We provide certain postretirement health care and life insurance benefits to eligible retirees. Depending upon the plan, benefits are available to eligible employees who retire after meeting certain age and service requirements and were employed by Hexcel as of February 1996. Our funding policy for the postretirement health care and life insurance benefit plans is generally to pay covered expenses as they are incurred. Net periodic benefit costs of our postretirement health care and life insurance benefit plans for the quarters and nine months ended September 30, 2026 and 2025 were not material. |