XML 79 R106.htm IDEA: XBRL DOCUMENT v2.4.0.8
Retirement and Benefit Plans Level 4 Defined Benefit Plans (Details) (USD $)
 3 Months Ended 6 Months Ended 12 Months Ended 108 Months Ended
Jun. 30, 2013
Mar. 31, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2013
Jul. 12, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Jul. 13, 2022
Projected Benefit Obligation Rollforward                      
Benefit obligation at beginning of year   $ 504,684,000   $ 504,684,000 $ 470,104,000 $ 504,684,000   $ 470,104,000 $ 391,485,000    
Service cost 671,000   1,182,000 1,342,000 2,351,000     4,762,000 5,112,000 4,931,000  
Interest cost 4,650,000   4,824,000 9,292,000 9,667,000     19,234,000 20,484,000 20,258,000  
Acturial loss (a)               26,686,000 [1] 67,121,000 [1]    
Special termination benefits               0 503,000    
Closure and curtailments               0 224,000    
Benefits paid               (16,102,000) (14,825,000)    
Benefit obligation at end of year               504,684,000 470,104,000 391,485,000  
Change in plan assets                      
Fair value of plan assets at beginning of year   312,224,000   312,224,000 282,195,000 312,224,000   282,195,000 281,972,000    
Actual return on plan assets               37,645,000 1,427,000    
Employer contributions               8,486,000 13,621,000    
Benefits paid               (16,102,000) (14,825,000)    
Fair value of plan assets at end of year               312,224,000 282,195,000 281,972,000  
Underfunded status               (192,460,000) (187,909,000)    
Amounts recognized on our Conolidated Balance Sheets                      
Current liabilities               (1,271,000) (759,000)    
Noncurrent liabilities               (191,189,000) (187,150,000)    
Net liability               (192,460,000) (187,909,000)    
Amounts recognized in accumulated other comprehensive loss                      
Net actuarial loss               120,925,000 120,125,000    
Prior service cost               304,000 720,000    
Net amount recognized               121,229,000 120,845,000    
Accumulated benefit obligation               504,700,000 470,100,000    
Net Periodic Benefit Cost and Other Comprehensive (Income) Loss                      
Service cost 671,000   1,182,000 1,342,000 2,351,000     4,762,000 5,112,000 4,931,000  
Interest cost 4,650,000   4,824,000 9,292,000 9,667,000     19,234,000 20,484,000 20,258,000  
Expected return on plan assets (4,916,000)   (4,847,000) (9,782,000) (9,691,000)     (19,390,000) (17,910,000) (18,474,000)  
Amortization of actuarial loss 2,281,000   1,958,000 4,537,000 3,984,000     7,632,000 2,703,000 556,000  
Amortization of prior service costs and other 22,000   42,000 45,000 83,000     165,000 175,000 178,000  
Plan settlement/curtailment expense               250,000 804,000 0  
Net periodic benefit cost 2,708,000   3,159,000 5,434,000 6,394,000     12,653,000 11,368,000 7,449,000  
Changes in plan assets and benefit obligations recognized in other comprehensive (income) loss                      
Net actuarial loss               8,432,000 83,528,000 4,048,000  
Amortization of actuarial loss               (7,632,000) (2,703,000) (556,000)  
Amortization of prior service costs and other               (416,000) (175,000) (178,000)  
Total recognized in other comprehensive loss               384,000 80,650,000 3,314,000  
Total recognized in net periodic cost and other comprehensive loss               13,037,000 92,018,000 10,763,000  
Estimated Net Periodic Benefit Cost and Amortization of Other Comprehensive Income for The Next Year                      
Defined Benefit Plans, Estimated Future Net Periodic Benefit Cost For The Next Year           11,000,000          
Net loss included in estimated net periodic benefit cost for 2013           9,000,000          
Estimated amortization of net prior service cost in estimated net periodic benefit cost for 2013           100,000          
Weighted Average Assumptions Used in Measurement of Benefit Obligation                      
Discount rate               3.75% 4.20%    
Rate of compensation increases (a)               0.00% [2] 0.00% [2]    
Weighted Average Assumptions Used in Measurement of Net Periodic Benefit Cost                      
Discount rate               4.20% 5.35% 5.90%  
Expected long-term rate of return on plan assets               6.75% 7.00% 7.25%  
Rate of compensation increases (a)               0.00% [2] 0.00% [2] 0.00% [2]  
Weighted average expected return on plan assets for 2013           6.50%          
Pension Contributions                      
Carrying Value of Pension Contribution of Real Property               6,200,000      
Pension contribution of real property               9,800,000      
Rent payments for contributed properties             800,000        
Annual rent escalation rate for contributed properties                     2.00%
Pension contributions   9,300,000   9,970,000 7,874,000     8,486,000 13,621,000 3,873,000  
Estimated Future Contributions                      
Estimated 2013 contributions           11,000,000          
Expected Future Benefit Payments                      
2013               17,918,000      
2014               19,771,000      
2015               21,445,000      
2016               22,809,000      
2017               24,203,000      
Years 2018-2022               136,932,000      
Pension lease payment contribution [Member]
                      
Pension Contributions                      
Pension contributions               400,000      
Equity Securities [Member]
                      
Weighted Average Assumptions Used in Measurement of Net Periodic Benefit Cost                      
Pension plan asset allocation               61.00%      
Fixed Income Securities [Member]
                      
Change in plan assets                      
Fair value of plan assets at beginning of year         83,899,000 [3]     83,899,000 [3]      
Fair value of plan assets at end of year               91,836,000 [3]      
Weighted Average Assumptions Used in Measurement of Net Periodic Benefit Cost                      
Pension plan asset allocation               30.00%      
Target Plan Asset Allocation                      
Pension plan asset target allocation               30.00%      
Hedge Fund [Member]
                      
Change in plan assets                      
Fair value of plan assets at beginning of year         13,066,000 [4]     13,066,000 [4]      
Fair value of plan assets at end of year               13,424,000 [4]      
Weighted Average Assumptions Used in Measurement of Net Periodic Benefit Cost                      
Pension plan asset allocation               4.00%      
Target Plan Asset Allocation                      
Pension plan asset target allocation               5.00%      
Real Estate Funds [Member]
                      
Change in plan assets                      
Fair value of plan assets at beginning of year         13,000,000 [5]     13,000,000 [5]      
Fair value of plan assets at end of year               14,310,000 [5]      
Weighted Average Assumptions Used in Measurement of Net Periodic Benefit Cost                      
Pension plan asset allocation               5.00%      
Target Plan Asset Allocation                      
Pension plan asset target allocation               5.00%      
Large-Cap U.S. equity securities [Member]
                      
Change in plan assets                      
Fair value of plan assets at beginning of year         97,533,000 [6]     97,533,000 [6]      
Fair value of plan assets at end of year               107,902,000 [6]      
Target Plan Asset Allocation                      
Pension plan asset target allocation               34.00%      
Small- and mid-cap U.S. equity securities [Member]
                      
Change in plan assets                      
Fair value of plan assets at beginning of year         17,302,000 [7]     17,302,000 [7]      
Fair value of plan assets at end of year               17,757,000 [7]      
Target Plan Asset Allocation                      
Pension plan asset target allocation               6.00%      
International Equity Securities [Member]
                      
Change in plan assets                      
Fair value of plan assets at beginning of year         56,578,000 [8]     56,578,000 [8]      
Fair value of plan assets at end of year               66,075,000 [8]      
Target Plan Asset Allocation                      
Pension plan asset target allocation               20.00%      
Defined Benefit Pension Plan A [Member]
                      
Net Periodic Benefit Cost and Other Comprehensive (Income) Loss                      
Plan settlement/curtailment expense               (300,000)      
Defined Benefit Pension Plan B [Member]
                      
Net Periodic Benefit Cost and Other Comprehensive (Income) Loss                      
Plan settlement/curtailment expense                 $ (100,000)    
[1] The actuarial losses were primarily due to decreases in discount rate assumptions.
[2] In connection with amending the salaried and nonqualified plans on March?18, 2009, to freeze pension benefits effective December 31, 2009, we changed the assumption for the rate of compensation increase to zero. In addition to the salaried benefits being frozen, there are currently no scheduled increases in pension benefit rates applicable to past service in the active plan covering our hourly employees.
[3] Invested in the Russell Multi-Manager Bond Fund. The fund seeks to outperform the Barclays Capital U.S. Aggregate Bond Index over a full market cycle. The fund is designed to provide current income and, as a secondary objective, capital appreciation through a variety of diversified strategies, including sector rotation, modest interest rate timing, security selection, and tactical use of high-yield and emerging market bonds.
[4] The fund seeks to produce high risk-adjusted returns while targeting a low long-term average correlation to traditional markets. The fund invests internationally in a broad range of instruments, including, but not limited to, equities, currencies, convertible securities, futures, forwards, options, swaps, and other derivative products. The fair value of the hedge fund is estimated using the NAV of the investments as a practical expedient for fair value. We have the ability to redeem these investments at NAV within the near term, and they are thus classified within Level 2.
[5] Invested in the Russell Real Estate Equity Fund. Real estate investments include those in limited partnerships that invest in various domestic commercial and residential real estate projects. The fair values of real estate assets are typically determined by using income and/or cost approaches or a comparable sales approach, taking into consideration discount and capitalization rates, financial conditions, local market conditions, and the status of the capital markets, and they are thus classified within Level 3. Notwithstanding the above, the variety of valuation bases adopted and quality of management data of the underlying assets means that there are inherent difficulties in determining the value of the investments. Amounts realized on the sale of these investments may differ from the calculated values. We have the ability to redeem the real estate investments with a 110-calendar-day written notice prior to a quarterly trade date.
[6] Invested in the Russell Equity?I Fund. The fund seeks returns that exceed the Russell 1000 Index by investing in large-capitalization stocks of the U.S. stock market.
[7] Invested in the Russell Equity?II Fund. The fund seeks returns that exceed the Russell 2500 Index by investing in the small- and mid-capitalization stocks of the U.S. stock market.
[8] Invested in the Russell International Fund with Active Currency at December?31, 2012 and 2011, which benchmarks against the Russell Developed ex-U.S. Large Cap Index Net and seeks favorable total returns and additional diversification through investment in non-U.S. equity securities and active currency management. The fund participates primarily in the stock markets of Europe and the Pacific Rim and seeks to opportunistically add value through active investment in foreign currencies. In addition, at December?31, 2012, our investments in this category included the Russell Emerging Market Fund, which benchmarks against the Russell Emerging Markets Index and is designed to maintain a broadly diversified exposure to emerging market countries.