XML 26 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
Pension Plans and Other Postretirement Benefits
9 Months Ended
Sep. 30, 2018
Retirement Benefits [Abstract]  
Pension Plans and Other Postretirement Benefits
Pension Plans and Other Postretirement Benefits
The table below shows cash contributions made during the nine months ended September 30, 2018, as well as the remaining cash contributions we expect to make during the year ending December 31, 2018, for our domestic and foreign pension plans and domestic postretirement benefit plan.
(in thousands)
 
Actual Cash Contributions for Nine Months Ended September 30, 2018
 
Expected Remaining Cash Contributions for Year Ending December 31, 2018
Domestic plans
 
 
 
 
Pension benefits
 
$
55,983

 
$
1,328

Postretirement benefits
 
1,354

 
452

Foreign plans
 
 
 
 
Pension benefits
 
4,523

 
1,529



The tables below present information on net periodic benefit cost (income) for our domestic and foreign pension plans and domestic postretirement benefit plan. The service cost component of net periodic benefit cost (income) is presented in operating profit in the same income statement line as the related employee compensation costs. The remaining components of net periodic benefit cost (income) are presented in other income (expense), net on the consolidated statements of income.
 
 
Domestic
 
 
Pension Benefits
 
Postretirement Benefits
 
 
Third Quarter Ended September 30,
(in thousands)
 
2018
 
2017
 
2018
 
2017
Service cost
 
$
3,599

 
$
3,501

 
$
239

 
$
208

Interest cost
 
3,257

 
3,248

 
355

 
400

Expected return on plan assets
 
(7,523
)
 
(6,604
)
 
(228
)
 
(281
)
Amortization of prior service cost (credit)
 
7

 
7

 
(757
)
 
(757
)
Amortization of actuarial net (gain) loss
 
1,172

 
1,085

 
0

 
0

Net periodic benefit cost (income)
 
$
512

 
$
1,237

 
$
(391
)
 
$
(430
)
 
 
 
 
 
 
 
 
 

 
 
Domestic
 
 
Pension Benefits
 
Postretirement Benefits
 
 
Nine Months Ended September 30,
(in thousands)
 
2018
 
2017
 
2018
 
2017
Service cost
 
$
11,543

 
$
10,259

 
$
672

 
$
581

Interest cost
 
9,942

 
9,966

 
1,094

 
1,186

Expected return on plan assets
 
(22,413
)
 
(19,609
)
 
(726
)
 
(898
)
Amortization of prior service cost (credit)
 
20

 
20

 
(2,271
)
 
(2,271
)
Amortization of actuarial net (gain) loss
 
3,854

 
3,544

 
0

 
0

Net periodic benefit cost (income)
 
$
2,946

 
$
4,180

 
$
(1,231
)
 
$
(1,402
)


 
 
Foreign
 
 
Pension Benefits
 
 
Third Quarter Ended September 30,
 
Nine Months Ended September 30,
(in thousands)
 
2018
 
2017
 
2018
 
2017
Service cost
 
$
1,975

 
$
1,942

 
$
6,114

 
$
5,645

Interest cost
 
1,105

 
1,076

 
3,425

 
3,141

Expected return on plan assets
 
(2,423
)
 
(2,127
)
 
(7,519
)
 
(6,229
)
Amortization of prior service cost (credit)
 
(20
)
 
(20
)
 
(62
)
 
(58
)
Amortization of actuarial net (gain) loss
 
148

 
243

 
456

 
699

Net periodic benefit cost (income)
 
$
785

 
$
1,114

 
$
2,414

 
$
3,198