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PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS | 3 Months Ended
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Mar. 31, 2020
Retirement Benefits, Description [Abstract] |
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS | PENSION PLANS Defined Benefit Pension Plans The following table is a consolidated disclosure of all domestic and foreign defined pension plans as described in the Corporation’s 2019 Annual Report on Form 10-K. The components of net periodic pension cost for the three months ended March 31, 2020 and 2019 were as follows:
| Three Months Ended |  |
| March 31, |  |
(In thousands) | 2020 |  | 2019
Service cost | $ | 6,611 |  |  | $ | 5,826 |
Interest cost | 6,058 |  |  | 7,372 |
Expected return on plan assets | (16,896) |  |  | (14,884) |
Amortization of prior service cost | (71) |  |  | (71) |
Amortization of unrecognized actuarial loss | 5,749 |  |  | 2,592 |
Net periodic pension cost | $ | 1,451 |  |  | $ | 835 |
During three months ended March 31, 2020, the Corporation made a $150 million voluntary contribution to the Curtiss-Wright Pension Plan. The Corporation does not expect to make any further contributions to the Curtiss-Wright Pension Plan in 2020. Contributions to the foreign benefit plans are not expected to be material in 2020. Defined Contribution Retirement Plan Effective January 1, 2014, all non-union employees who were not currently receiving final or career average pay benefits became eligible to receive employer contributions in the Corporation’s sponsored 401(k) plan. The employer contributions include both employer match and non-elective contribution components up to a maximum employer contribution of 7% of eligible compensation. During the three months ended March 31, 2020 and 2019, the expense relating to the plan was $6.0 million and $5.4 million, respectively. The Corporation made $11.9 million in contributions to the plan during the three months ended March 31, 2020 and expects to make total contributions of $18.0 million in 2020.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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