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Pension and Other Postretirement Benefit Plans | 9 Months Ended
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Jun. 28, 2019
Defined Benefit Plan [Abstract] |
Pension and Other Postretirement Benefit Plans | Pension and Other Postretirement Benefit Plans The following table presents the components of net periodic benefit cost recognized in earnings during the three and nine months ended June 28, 2019 and June 29, 2018 (in thousands):
| Three Months Ended |  | Nine Months Ended
| June 28, 2019 |  | June 29, 2018 |  | June 28, 2019 |  | June 29, 2018
Component: |  |  |  |  |  |  |
Service cost | $ | 1,212 |  |  | $ | 1,486 |  |  | $ | 5,545 |  |  | $ | 6,463 |
Interest cost | 17,088 |  |  | 14,566 |  |  | 52,916 |  |  | 44,850 |
Expected return on plan assets | (26,291 | ) |  | (24,378 | ) |  | (79,709 | ) |  | (74,053 | )
Amortization of previously unrecognized items | 3,182 |  |  | 2,440 |  |  | 9,353 |  |  | 7,240 |
Plan Amendment and settlement loss (gain) | — |  |  | — |  |  | (34,621 | ) |  | 3,819 |
| $ | (4,809 | ) |  | $ | (5,886 | ) |  | $ | (46,516 | ) |  | $ | (11,681 | )
As a result of the adoption of ASU 2017-07, Compensation- Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost in the first quarter of fiscal 2019, the service cost component of net periodic pension expense has been presented in the same line item as other compensation costs (direct cost of contracts and selling, general and administrative expenses) and the other components of net periodic pension expense have been reclassified from selling, general and administrative expense and direct cost of contracts and instead presented in miscellaneous income (expense), net on the Consolidated Statements of Earnings for the three and nine months ended June 28, 2019 and June 29, 2018 in the amount of $6.1 million and $6.1 million, respectively, and $18.3 million and $18.2 million, respectively. In the first quarter of fiscal 2019, the Company elected to discontinue the CH2M Hill Retiree Medical Plan and the OMI Retiree Medical Plan, effective December 31, 2018. Lump sum payments were made to certain participants in the first quarter of fiscal 2019, resulting in a partial plan settlement and related settlement gain of $2.2 million. In the second quarter of fiscal 2019, lump sum payments were made to remaining plan participants and the plans were fully settled, resulting in an additional $32.4 million in settlement gains recognized in the second quarter of fiscal 2019. On January 1, 2019, the CH2M Hill Pension Plan and the CH2M Hill IDC Pension Plan merged into the Company's Sverdrup Pension Plan. The newly combined plan is called the Jacobs Consolidated Pension Plan. In December 2017, the Company incurred a partial settlement loss of approximately $3.8 million related to its Sverdrup Pension Plan in the U.S. Due to a recent ruling by the High Court in the United Kingdom regarding equalization between men and women of a tranche of pension (the Guaranteed Minimum Pension) accrued between 1990 and 1997, Jacobs measured the estimated impact of this ruling in its consolidated financial statements, resulting in an increase of approximately $38.2 million in the ASC 715 balance sheet liability in the first quarter of fiscal 2019, with an offset to other comprehensive income, net of tax. Additionally, the Company has recognized an additional $1.2 million in additional net periodic benefit cost during the nine months ended June 28, 2019 as a result of the ruling. The following table presents certain information regarding the Company’s cash contributions to our pension plans for fiscal 2019 (in thousands):
Cash contributions made during the first nine months of fiscal 2019 | $ | 24,856 |
Cash contributions projected for the remainder of fiscal 2019 | 8,262 |
Total | $ | 33,118 |

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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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