XML 47 R34.htm IDEA: XBRL DOCUMENT v3.20.2

EMPLOYEE BENEFIT PLANS EMPLOYEE BENEFIT PLANS (Tables)

9 Months Ended

Sep. 30, 2020

Defined Benefit Plan [Abstract]

Components of net periodic benefit cost for retirement and other postretirement benefit plans

The following tables set forth the components of net periodic benefit cost for our retirement and other postretirement benefit plans for the periods indicated:

			Retirement Benefits												Other Postretirement Benefits
			Three Months Ended												Three Months Ended
			September 30,												September 30,
			2020						2019						2020						2019
			(Thousands of dollars)
Components of net periodic benefit cost (income)
Service cost			$	2,036					$	1,954					$	115					$	117
Interest cost			4,574						5,126						442						509
Expected return on plan assets			(6,232)						(5,892)						(722)						(570)
Amortization of prior service cost (credit) (a)			28						—						—						(57)
Amortization of net loss (a)			4,571						3,158						1						74
Net periodic benefit cost (income)			$	4,977					$	4,346					$	(164)					$	73

(a) - These components of net periodic benefit cost (income) are recognized in accumulated other comprehensive loss and are reclassified to other income (expense) in our Consolidated Statements of Income, with related income tax benefits of $1.1 million and $0.7 million reclassified to income tax expense for the three months ended September 30, 2020 and 2019, respectively.

			Retirement Benefits												Other Postretirement Benefits
			Nine Months Ended												Nine Months Ended
			September 30,												September 30,
			2020						2019						2020						2019
			(Thousands of dollars)
Components of net periodic benefit cost (income)
Service cost			$	6,108					$	5,862					$	345					$	351
Interest cost			13,722						15,378						1,326						1,527
Expected return on plan assets			(18,696)						(17,676)						(2,166)						(1,710)
Amortization of prior service cost (credit) (a)			84						—						—						(171)
Amortization of net loss (a)			13,713						9,474						3						222
Net periodic benefit cost (income)			$	14,931					$	13,038					$	(492)					$	219

(a) - These components of net periodic benefit cost (income) are recognized in accumulated other comprehensive loss and are reclassified to other income (expense) in our Consolidated Statements of Income, with related income tax benefits of $3.2 million and $2.2 million reclassified to income tax expense for the nine months ended September 30, 2020 and 2019, respectively.

X

- References

No definition available.

+ Details

Name:	us-gaap_DefinedBenefitPensionPlansAndDefinedBenefitPostretirementPlansDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration