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Pension and Other Postretirement Employee Benefits
6 Months Ended
Jun. 30, 2019
General Discussion Of Pension And Other Postretirement Benefits [Abstract]  
Pension and Other Postretirement Employee Benefits

NOTE 15. PENSION AND OTHER POSTRETIREMENT EMPLOYEE BENEFITS

The following tables detail the components of net periodic cost (benefit) of our pension plans and other postretirement employee benefits (OPEB):

 

 

 

 

 

 

 

Three Months Ended June 30,

 

 

 

Pension

 

 

OPEB

 

(in thousands)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Service cost

 

$

1,862

 

 

$

2,178

 

 

$

80

 

 

$

99

 

Interest cost

 

 

4,692

 

 

 

4,390

 

 

 

375

 

 

 

381

 

Expected return on plan assets

 

 

(5,541

)

 

 

(5,135

)

 

 

 

 

 

 

Amortization of prior service cost (credit)

 

 

53

 

 

 

47

 

 

 

(2,211

)

 

 

(2,220

)

Amortization of actuarial loss

 

 

3,321

 

 

 

4,144

 

 

 

200

 

 

 

301

 

Net periodic cost (benefit)

 

$

4,387

 

 

$

5,624

 

 

$

(1,556

)

 

$

(1,439

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30,

 

 

 

Pension

 

 

OPEB

 

(Dollars in thousands)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Service cost

 

$

3,883

 

 

$

4,091

 

 

$

185

 

 

$

143

 

Interest cost

 

 

9,231

 

 

 

8,304

 

 

 

794

 

 

 

700

 

Expected return on plan assets

 

 

(11,095

)

 

 

(9,843

)

 

 

 

 

 

 

Amortization of prior service cost (credit)

 

 

106

 

 

 

93

 

 

 

(4,422

)

 

 

(4,439

)

Amortization of actuarial loss

 

 

6,748

 

 

 

8,294

 

 

 

507

 

 

 

656

 

Net periodic cost (benefit)

 

$

8,873

 

 

$

10,939

 

 

$

(2,936

)

 

$

(2,940

)

 

During the six months ended June 30, 2019 and 2018, funding of pension and other postretirement employee benefit plans was $3.1 million and $10.4 million, respectively.