December 31, 2020 2019 (Amounts in thousands) Balance — January 1 $ 425,617  $ 376,649  Service cost 7,052  5,728  Interest cost 6,572  8,867  Employee contributions 80  78  Settlements and other (2,701) (3,713) Actuarial losses (1) 23,781  48,888  Net benefits and expenses paid (15,700) (14,526) Currency translation impact(2) 25,297  3,646  Balance — December 31 $ 469,998  $ 425,617  Accumulated benefit obligations at December 31 $ 446,097  $ 404,035  2021 $ 17.6  2022 18.1  2023 18.1  2024 19.1  2025 18.7  2026-2030 100.3  The following table summarizes the expected cash benefit payments for the non-U.S. defined benefit plans in the future (amounts in millions): (1) The 2019 actuarial loss primarily reflects the decrease in the discount rates for all plans. (2) In 2020, the currency translation loss reflects the weakening of the U.S. dollar against the Euro and the British pound, while in 2019 the currency translation loss reflects the weakening of the U.S. dollar against the British pound, partially offset by the strengthening of the U.S. dollar against the Euro. 98 The following is a reconciliation of the non-U.S. plans’ defined benefit pension obligations: _______________________________________