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Pension Plans and Other Postretirement Benefits
 3 Months Ended
Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Pension Plans and Other Postretirement Benefits
Pension Plans and Other Postretirement Benefits
The table below shows cash contributions made during the three months ended March 31, 2016, as well as the remaining cash contributions we expect to make during the year ending December 31, 2016, for our domestic and foreign pension plans and domestic postretirement benefit plan.
(in thousands)
 
Actual Cash Contributions for Three Months Ended March 31, 2016
 
Expected Remaining Cash Contributions for Year Ending December 31, 2016
Domestic plans
 
 
 
 
Pension benefits
 
$
4,817

 
$
14,450

Postretirement benefits
 
230

 
689

Foreign plans
 
 
 
 
Pension benefits
 
1,336

 
4,049



The tables below present information on net periodic benefit cost (income) for our domestic and foreign pension plans and domestic postretirement benefit plan. An amendment to the domestic postretirement plan was made in 2015 with an effective date of January 1, 2016 providing post-65 medical and prescription drug benefits to retirees through a private healthcare exchange with fixed subsidies to eligible retirees through a health reimbursement account. As a result, the domestic postretirement plan liabilities were remeasured at September 1, 2015 resulting in a non-cash improvement in the funded position. The adjustment to accumulated other comprehensive loss is reflected in prior service cost (credit) and is being amortized into expense.
 
 
 
 
 
 
 
 
 
 
 
Domestic
 
 
Pension Benefits
 
Postretirement Benefits
 
 
Three Months Ended March 31,
(in thousands)
 
2016
 
2015
 
2016
 
2015
Service cost
 
$
3,107

 
$
3,240

 
$
161

 
$
711

Interest cost
 
3,266

 
2,983

 
420

 
757

Expected return on plan assets
 
(5,753
)
 
(5,092
)
 
(318
)
 
(322
)
Amortization of prior service cost (credit)
 
(16
)
 
25

 
(757
)
 
0

Amortization of actuarial net (gain) loss
 
1,303

 
1,735

 
0

 
0

Net periodic benefit cost (income)
 
$
1,907

 
$
2,891

 
$
(494
)
 
$
1,146


 
 
 
 
 
 
 
Foreign
 
 
Pension Benefits
 
 
Three Months Ended March 31,
(in thousands)
 
2016
 
2015
Service cost
 
$
1,843

 
$
1,945

Interest cost
 
1,274

 
1,269

Expected return on plan assets
 
(1,731
)
 
(1,788
)
Amortization of prior service cost (credit)
 
(22
)
 
(24
)
Amortization of actuarial net (gain) loss
 
262

 
398

Net periodic benefit cost (income)
 
$
1,626

 
$
1,800