v3.26.3
Pension Plans and Postretirement Benefits
9 Months Ended
Sep. 30, 2026
Retirement Benefits [Abstract]  
Pension Plans and Postretirement Benefits PENSION PLANS AND POSTRETIREMENT BENEFITS
We record the service cost component of net periodic benefit cost within Operating income on our condensed consolidated statements of income. For the three months ended September 30, 2026 and 2025, these amounts were $5.1 million and $5.2 million, respectively. For the nine months ended September 30, 2026 and 2025, these amounts were $15.5 million and $10.3 million, respectively. All other components of net periodic benefit cost are included in Other – net within the condensed consolidated statements of income. For the three months ended September 30, 2026 and 2025, these amounts were $(4.0) million and $(2.4) million, respectively. For the nine months ended September 30, 2026 and 2025, these amounts were $(12.0) million and $(6.1) million, respectively. Components of net periodic benefit cost included in net income were as follows:
Pension BenefitsOther Benefits
Three Months Ended
September 30,
Nine Months Ended
September 30,
Three Months Ended
September 30,
Nine Months Ended
September 30,
20262025202620252026202520262025
(In thousands)
Service cost$4,578 $4,446 $13,867 $9,026 $532 $764 $1,620 $1,233 
Interest cost16,437 16,759 49,581 41,994 947 1,294 2,868 2,695 
Expected return on plan assets
(21,883)(20,796)(65,986)(51,787)(480)(486)(1,440)(1,459)
Amortization of prior service cost 955 792 2,867 2,375 22 22 66 66 
Net periodic benefit loss
$87 $1,201 $329 $1,608 $1,021 $1,594 $3,114 $2,535