v3.26.3
Retirement Plans (Tables)
9 Months Ended
Sep. 27, 2026
Net Periodic Pension and Postretirement Benefit Costs

For the three and nine months ended September 27, 2026, and September 28, 2025, Teradyne’s net periodic pension cost was comprised of the following:

 

 

 

For the Three Months Ended

 

 

 

September 27, 2026

 

 

September 28, 2025

 

 

 

United
States

 

 

Foreign

 

 

United
States

 

 

Foreign

 

 

 

(in thousands)

 

Service cost

 

$

141

 

 

$

296

 

 

$

153

 

 

$

149

 

Interest cost

 

 

1,358

 

 

 

345

 

 

 

1,426

 

 

 

300

 

Expected return on plan assets

 

 

(982

)

 

 

(54

)

 

 

(989

)

 

 

(24

)

Net actuarial loss (gain)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Settlement loss (gain)

 

 

(71

)

 

 

—

 

 

 

(800

)

 

 

—

 

Settlement expense

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total net periodic pension cost

 

$

446

 

 

$

586

 

 

$

(210

)

 

$

425

 

 

 

 

For the Nine Months Ended

 

 

 

September 27, 2026

 

 

September 28, 2025

 

 

 

United
States

 

 

Foreign

 

 

United
States

 

 

Foreign

 

 

 

(in thousands)

 

Service cost

 

$

427

 

 

$

897

 

 

$

462

 

 

$

437

 

Interest cost

 

 

4,074

 

 

 

1,046

 

 

 

4,299

 

 

 

892

 

Expected return on plan assets

 

 

(2,932

)

 

 

(163

)

 

 

(2,970

)

 

 

(71

)

Net actuarial loss (gain)

 

 

(43

)

 

 

—

 

 

 

41

 

 

 

—

 

Settlement loss (gain)

 

 

(71

)

 

 

—

 

 

 

(800

)

 

 

—

 

Settlement expense

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total net periodic pension cost

 

$

1,455

 

 

$

1,780

 

 

$

1,032

 

 

$

1,258

 

Postretirement Benefit Plans  
Net Periodic Pension and Postretirement Benefit Costs

For the three and nine months ended September 27, 2026, and September 28, 2025, Teradyne’s net periodic postretirement benefit cost was comprised of the following:

 

 

 

For the Three Months
 Ended

 

 

For the Nine Months
 Ended

 

 

 

September 27,
2026

 

 

September 28,
2025

 

 

September 27,
2026

 

 

September 28,
2025

 

 

 

(in thousands)

 

 

(in thousands)

 

Service cost

 

$

7

 

 

$

9

 

 

$

22

 

 

$

27

 

Interest cost

 

 

67

 

 

 

76

 

 

 

200

 

 

 

229

 

Amortization of prior service credit

 

 

(1

)

 

 

(2

)

 

 

(4

)

 

 

(7

)

Special termination benefits

 

 

—

 

 

 

—

 

 

 

—

 

 

 

684

 

Net actuarial loss (gain)

 

 

—

 

 

 

—

 

 

 

(114

)

 

 

87

 

Total net periodic postretirement benefit cost

 

$

73

 

 

$

83

 

 

$

105

 

 

$

1,020