XML 49 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
Pensions and Other Post-retirement Benefits (Tables)
 9 Months Ended
Sep. 30, 2017
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost
Components of net periodic benefit cost consisted of the following:
 
 
Pension Benefits
 
Other Benefits
(In thousands)
 
2017
 
2016
 
2017
 
2016
Three Months Ended September 30,
 
 
 
 
 
 
 
 
Service cost
 
$
2,721

 
$
2,634

 
$
96

 
$
106

Interest cost
 
4,572

 
4,702

 
204

 
237

Expected return on plan assets
 
(8,738
)
 
(8,682
)
 
—

 
—

Amortization of prior service cost
 
(4
)
 
17

 
(6
)
 
(105
)
Recognized net actuarial losses
 
3,184

 
3,010

 
15

 
17

Settlements
 
34

 
17

 
—

 
—

Net periodic benefit cost
 
1,769

 
1,698

 
309

 
255

 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
 
 
 
 
 
 
 
Service cost
 
$
8,163

 
$
7,902

 
$
308

 
$
318

Interest cost
 
13,716

 
14,106

 
678

 
711

Expected return on plan assets
 
(26,214
)
 
(26,046
)
 
—

 
—

Amortization of prior service cost
 
(12
)
 
47

 
(216
)
 
(315
)
Recognized net actuarial losses
 
9,552

 
9,028

 
49

 
51

Settlements
 
102

 
57

 
—

 
—

Net periodic benefit cost, excluding below
 
5,307

 
5,094

 
819

 
765

Special termination charge
 
11,384

(a) 
—

 
—

 
—

Net periodic benefit cost
 
16,691

 
5,094

 
819

 
765


(a) Represents the charge for special termination benefits related to the VRIP which were paid from our over funded North America pension plan and recorded as restructuring charges on the condensed consolidated statement of income. See further details in Note 4.