v3.26.3
Pensions and Other Post-employment Benefits
 9 Months Ended
Oct. 02, 2026
Retirement Benefits [Abstract]  
Pensions and Other Post-employment Benefits Pensions and Other Post-employment Benefits
The following is a summary of the net periodic benefit (income)/cost for the third quarter and first nine months ended October 2, 2026 and September 26, 2025, respectively, for the pension plans as shown below. The Pension Benefits column aggregates defined benefit pension plans in the U.S., Germany, Liechtenstein, England, and the U.S. supplemental retirement plans. The Other Benefits column includes the domestic retiree medical and life insurance plan.
Pension BenefitsOther Benefits
Third Quarter EndedThird Quarter Ended
October 2,September 26,October 2,September 26,
(Thousands)2026202520262025
Components of net periodic benefit (credit) cost
Service cost$283 $315 $— $11 
Interest cost1,837 1,932 31 58 
Expected return on plan assets(2,363)(2,539)— — 
Amortization of prior service (benefit) cost(21)(23)— — 
Amortization of net loss (gain)259 90 (104)(87)
Net periodic benefit (credit) cost$(5)$(225)$(73)$(18)
Pension BenefitsOther Benefits
Nine Months EndedNine Months Ended
October 2,September 26,October 2,September 26,
(Thousands)2026202520262025
Components of net periodic benefit (credit) cost
Service cost$863 $909 $— $33 
Interest cost5,516 5,769 93 174 
Expected return on plan assets(7,106)(7,575)— — 
Amortization of prior service (benefit) cost(65)(67)— — 
Amortization of net loss (gain)776 269 (312)(262)
Net periodic benefit (credit) cost$(16)$(695)$(219)$(55)


The Company did not make any contributions to its domestic defined benefit plan in the third quarter or first nine months of 2026 or 2025.
The Company reports the service cost component of net periodic benefit cost in the same line item as other compensation costs in operating expenses and the non-service cost components of net periodic benefit cost in Other non-operating (income) expense.