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Net Periodic Benefit Cost | 9 Months Ended
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Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract] |
NET PERIODIC BENEFIT COST | NET PERIODIC BENEFIT COST Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the three months ended September 30:
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Other U.S. Post-retirement Benefits |  | Total
| 2016 |  | 2015 |  | 2016 |  | 2015 |  | 2016 |  | 2015 |  | 2016 |  | 2015
Service cost, net | $ | 103 |  |  | $ | 211 |  |  | $ | 4,216 |  |  | $ | 4,772 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,319 |  |  | $ | 4,983 |
Interest cost on projected benefit obligations | 1,014 |  |  | 1,607 |  |  | 2,542 |  |  | 3,554 |  |  | 19 |  |  | 35 |  |  | 3,575 |  |  | 5,196 |
Expected return on plan assets | (1,868 | ) |  | (2,395 | ) |  | (8,177 | ) |  | (9,228 | ) |  | — |  |  | — |  |  | (10,045 | ) |  | (11,623 | )
Recognition of prior service cost | — |  |  | — |  |  | (1,288 | ) |  | (1,675 | ) |  | (469 | ) |  | (469 | ) |  | (1,757 | ) |  | (2,144 | )
Recognition of actuarial losses/(gains) | 1,907 |  |  | 1,906 |  |  | 4,519 |  |  | 3,756 |  |  | (673 | ) |  | (843 | ) |  | 5,753 |  |  | 4,819 |
Net periodic pension cost/(credit) | $ | 1,156 |  |  | $ | 1,329 |  |  | $ | 1,812 |  |  | $ | 1,179 |  |  | $ | (1,123 | ) |  | $ | (1,277 | ) |  | $ | 1,845 |  |  | $ | 1,231 |
Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the nine months ended September 30:
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Other U.S. Post-retirement Benefits |  | Total
| 2016 |  | 2015 |  | 2016 |  | 2015 |  | 2016 |  | 2015 |  | 2016 |  | 2015
Service cost, net | $ | 328 |  |  | $ | 628 |  |  | $ | 12,606 |  |  | $ | 14,228 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,934 |  |  | $ | 14,856 |
Interest cost on projected benefit obligations | 3,414 |  |  | 4,823 |  |  | 7,967 |  |  | 10,623 |  |  | 57 |  |  | 104 |  |  | 11,438 |  |  | 15,550 |
Expected return on plan assets | (5,912 | ) |  | (7,183 | ) |  | (25,020 | ) |  | (27,867 | ) |  | — |  |  | — |  |  | (30,932 | ) |  | (35,050 | )
Recognition of prior service cost | — |  |  | — |  |  | (3,856 | ) |  | (3,632 | ) |  | (1,408 | ) |  | (1,408 | ) |  | (5,264 | ) |  | (5,040 | )
Recognition of actuarial losses/(gains) | 5,699 |  |  | 5,720 |  |  | 13,585 |  |  | 11,393 |  |  | (2,019 | ) |  | (2,528 | ) |  | 17,265 |  |  | 14,585 |
Settlement charge | 7,963 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,963 |  |  | — |
Net periodic pension cost/(credit) | $ | 11,492 |  |  | $ | 3,988 |  |  | $ | 5,282 |  |  | $ | 4,745 |  |  | $ | (3,370 | ) |  | $ | (3,832 | ) |  | $ | 13,404 |  |  | $ | 4,901 |
As previously disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2015, the Company expects to make employer contributions of approximately $19.4 million to its non-U.S. pension plans and employer contributions of approximately $0.5 million to its U.S. post-retirement medical plan during the year ended December 31, 2016. These estimates may change based upon several factors, including fluctuations in currency exchange rates, actual returns on plan assets and changes in legal requirements.

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