Schedule of Components of Net Periodic Benefit Cost |
The components of net periodic benefit cost for the three months ended October 1, 2023 and October 2, 2022 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pension Benefits | | Other Benefits | | | Three Months Ended | | Three Months Ended | | | October 1, 2023 | | October 2, 2022 | | October 1, 2023 | | October 2, 2022 | Service cost | | $ | 3,747 | | $ | 4,028 | | $ | 57 | | $ | 80 | Interest cost | | 10,259 | | | 8,810 | | | 1,794 | | | 1,154 | | Expected return on plan assets | | (12,275) | | | (11,973) | | | — | | | — | | Amortization of prior service credit | | (1,414) | | | (1,413) | | | (13) | | | — | | Amortization of net loss (gain) | | 4,974 | | | 4,563 | | | (242) | | | 26 | | Settlement loss | | 943 | | | 3,728 | | | 926 | | | — | | Total net periodic benefit cost | | $ | 6,234 | | | $ | 7,743 | | | $ | 2,522 | | | $ | 1,260 | |
The components of net periodic benefit cost for the nine months ended October 1, 2023 and October 2, 2022 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pension Benefits | | Other Benefits | | | Nine Months Ended | | Nine Months Ended | | | October 1, 2023 | | October 2, 2022 | | October 1, 2023 | | October 2, 2022 | Service cost | | $ | 11,269 | | $ | 13,639 | | $ | 166 | | $ | 238 | Interest cost | | 30,819 | | | 20,438 | | | 5,984 | | | 3,467 | | Expected return on plan assets | | (37,041) | | | (36,788) | | | — | | | — | | Amortization of prior service credit | | (4,243) | | | (4,238) | | | (13) | | | — | | Amortization of net loss | | 14,961 | | | 10,402 | | | (901) | | | 77 | | Settlement loss | | 5,332 | | | 14,104 | | | 926 | | | — | | Total net periodic benefit cost | | $ | 21,097 | | | $ | 17,557 | | | $ | 6,162 | | | $ | 3,782 | |
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