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Employee Benefits | 3 Months Ended
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Mar. 28, 2020
Employee Benefits |
Employee Benefits | Note 5 – Employee Benefits Seaboard has a defined benefit pension plan for certain of its domestic salaried and clerical employees. At this time, no contributions are expected to be made to the plan in 2020. Seaboard also sponsors non-qualified, unfunded supplemental executive plans, and has certain individual, non-qualified, unfunded supplemental retirement agreements for certain retired employees. Management has no plans to provide funding for these supplemental plans in advance of when the benefits are paid. The net periodic benefit cost for all of these plans was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | March 28, | ​ | March 30, |
(Millions of dollars) |  | 2020 |  | 2019 |
Components of net periodic benefit cost: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Service cost | ​ | $ | 3 | ​ | $ | 2 | ​
Interest cost | ​ |  | 3 | ​ |  | 3 | ​
Expected return on plan assets | ​ |  | (3) | ​ |  | (2) | ​
Amortization and other | ​ |  | 3 | ​ |  | 1 | ​
Net periodic benefit cost | ​ | $ | 6 | ​ | $ | 4 | ​
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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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