Pension And Other Postretirement Benefit Plans

6 Months Ended

Sep. 30, 2025

Pension and Other Postretirement Benefits Disclosure

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

The Company sponsors several defined benefit pension plans covering eligible U.S. salaried employees and certain foreign and other employee groups. These plans provide retirement benefits based primarily on employee compensation and years of service. The Company also sponsors defined benefit plans that provide postretirement health and life insurance benefits for eligible U.S. employees attaining specific age and service levels, although postretirement life insurance is no longer provided for active employees.

The components of the Company’s net periodic benefit cost were as follows:


	Pension Benefits				Other Postretirement Benefits
	Three Months Ended September 30,				Three Months Ended September 30,
(in thousands of dollars)	2025		2024		2025		2024

Service cost	$	1,259	$	1,319	$	17	$	23
Interest cost	2,268		2,882		266		264
Expected return on plan assets	(3,027)		(3,607)		(11)		(14)

Net amortization and deferral	83		174		(161)		(160)
Net periodic benefit cost	$	583	$	768	$	111	$	113


	Pension Benefits				Other Postretirement Benefits
	Six Months Ended September 30,				Six Months Ended September 30,
(in thousands of dollars)	2025		2024		2025		2024

Service cost	$	2,511	$	2,641	$	34	$	47
Interest cost	4,535		5,754		528		535
Expected return on plan assets	(6,054)		(7,214)		(22)		(28)

Net amortization and deferral	166		348		(321)		(320)
Net periodic benefit cost	$	1,158	$	1,529	$	219	$	234

During the six months ended September 30, 2025, the Company made contributions of approximately $10.0 million to its pension plans. Additional contributions of $1.6 million are expected during the remaining six months of fiscal year 2026.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

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+ Details

UNIVERSAL CORP /VA/ 10-Q