Pension and Other Postretirement Benefits - Summary of Weighted-average Assumptions Used to Determine Benefit Obligations and Costs (Details) |
12 Months Ended | ||
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Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Weighted average assumptions used to determine benefit obligations as of December 31: | |||
Discount rate | 5.00% | 5.25% | 3.00% |
Rate of compensation increase | 7.29% | 7.29% | 7.29% |
Weighted average assumptions used to determine benefit costs for the years ended December 31: | |||
Discount rate | 5.25% | 3.00% | 2.75% |
Expected return on Pension Plan assets | 7.00% | 7.00% | 7.00% |
Rate of compensation increase | 7.29% | 7.29% | 7.29% |
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- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine benefit obligation of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Weighted average rate increase of compensation, used to determine benefit obligation of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine net periodic benefit cost of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Weighted average rate of return on plan assets, reflecting average rate of earnings expected on existing plan assets and expected contributions, used to determine net periodic benefit cost of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Weighted average rate of compensation increase used to determine net periodic benefit cost of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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