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Pension and Other Postretirement Employee Benefits (Tables)
6 Months Ended
Jun. 30, 2021
General Discussion Of Pension And Other Postretirement Benefits [Abstract]  
Components of Net Periodic Cost (Benefit)

The following table details 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)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service cost

 

$

2,045

 

 

$

2,176

 

 

$

168

 

 

$

112

 

Interest cost

 

 

2,633

 

 

 

2,568

 

 

 

317

 

 

 

376

 

Expected return on plan assets

 

 

(3,525

)

 

 

(3,151

)

 

 

 

 

 

 

Amortization of prior service cost (credit)

 

 

21

 

 

 

28

 

 

 

(298

)

 

 

(319

)

Amortization of actuarial loss

 

 

3,578

 

 

 

3,559

 

 

 

545

 

 

 

417

 

Total net periodic cost

 

$

4,752

 

 

$

5,180

 

 

$

732

 

 

$

586

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30,

 

 

 

Pension

 

 

OPEB

 

(in thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service cost

 

$

4,090

 

 

$

4,466

 

 

$

336

 

 

$

254

 

Interest cost

 

 

5,266

 

 

 

6,132

 

 

 

634

 

 

 

751

 

Expected return on plan assets

 

 

(7,050

)

 

 

(7,737

)

 

 

 

 

 

 

Amortization of prior service cost (credit)

 

 

42

 

 

 

56

 

 

 

(596

)

 

 

(638

)

Amortization of actuarial loss

 

 

7,299

 

 

 

7,713

 

 

 

1,090

 

 

 

836

 

Net periodic cost before pension settlement charge

 

 

9,647

 

 

 

10,630

 

 

 

1,464

 

 

 

1,203

 

Pension settlement charge

 

 

 

 

 

42,988

 

 

 

 

 

 

 

Net periodic cost

 

$

9,647

 

 

$

53,618

 

 

$

1,464

 

 

$

1,203