XML 53 R39.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Pension and postretirement benefits | 9 Months Ended
--- | ---
Sep. 30, 2022
Employee benefits |
Pension and postretirement benefits | Note 29 – Pension and postretirement benefits The Corporation has a non-contributory defined benefit pension plan and supplementary pension benefit restoration plans for regular employees of certain of its subsidiaries (the “Pension Plans”). The accrual of benefits under the Pension Plans is frozen to all participants. The Corporation also provides certain postretirement health care benefits for retired employees of certain subsidiaries (the “OPEB Plan”). The components of net periodic cost for the Pension Plans and the OPEB Plan for the periods presented were as follows:
|  | Pension Plans |  | OPEB Plan
|  | Quarters ended September 30, |  | Quarters ended September 30,
(In thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Personnel Cost: |  |  |  |  |  |  |  |
Service cost | $ | - | $ | - | $ | 121 | $ | 160
Other operating expenses: |  |  |  |  |  |  |  |
Interest cost |  | 4,800 |  | 3,998 |  | 983 |  | 893
Expected return on plan assets |  | (8,847) |  | (9,670) |  | - |  | -
Amortization of prior service cost/(credit) |  | - |  | - |  | - |  | -
Amortization of net loss |  | 3,911 |  | 4,719 |  | - |  | 468
Total net periodic pension cost | $ | (136) | $ | (953) | $ | 1,104 | $ | 1,521
|  | Pension Plans |  | OPEB Plan
|  | Nine months ended September 30, |  | Nine months ended September 30,
(In thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Personnel Cost: |  |  |  |  |  |  |  |
Service cost | $ | - | $ | - | $ | 364 | $ | 480
Other operating expenses: |  |  |  |  |  |  |  |
Interest cost |  | 14,399 |  | 11,994 |  | 2,948 |  | 2,679
Expected return on plan assets |  | (26,541) |  | (29,011) |  | - |  | -
Amortization prior service cost/(credit) |  | - |  | - |  | - |  | -
Amortization of net loss |  | 11,733 |  | 14,159 |  | - |  | 1,407
Total net periodic pension cost | $ | (409) | $ | (2,858) | $ | 3,312 | $ | 4,566
The Corporation paid the following contributions to the plans for the nine months ended September 30, 2022 and expects to pay the following contributions for the year ending December 31, 2022.
| For the nine months ended | For the year ending
(In thousands) | September 30, 2022 | December 31, 2022
Pension Plans | $ | 170 | $ | 227
OPEB Plan | $ | 5,046 | $ | 5,971

X
- References No definition available. + Details
Name: | us-gaap_EmployeeBenefitsAndShareBasedCompensationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for retirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section S99 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(i) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (o) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (p) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(03) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (q) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(1) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iii) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (l) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(2) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration