XML 25 R57.htm IDEA: XBRL DOCUMENT v2.4.0.8
Level 4 Defined Benefit Plans (Details) (USD $)
 12 Months Ended 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2013
Equity Securities [Member]
Dec. 31, 2013
Fixed Income Securities [Member]
Dec. 31, 2013
Hedge Fund [Member]
Dec. 31, 2013
Real Estate Funds [Member]
Dec. 31, 2013
Large-Cap U.S. equity securities [Member]
Dec. 31, 2013
Small- and mid-cap U.S. equity securities [Member]
Dec. 31, 2013
International Equity Securities [Member]
Dec. 31, 2014
Scenario, Forecast [Member]
Dec. 31, 2013
Pension lease payment contribution [Member]
Dec. 31, 2012
Pension lease payment contribution [Member]
Dec. 31, 2013
Defined Benefit Pension Plan A [Member]
Dec. 31, 2012
Defined Benefit Pension Plan A [Member]
Dec. 31, 2011
Defined Benefit Pension Plan B [Member]
Change in Benefit Obligation                                
Benefit obligation at beginning of year $ 504,684,000 $ 470,104,000                            
Service cost 2,686,000 4,762,000 5,112,000                          
Interest cost 18,626,000 19,234,000 20,484,000                          
Actuarial (gain) loss (62,643,000) 26,686,000                            
Benefits paid (20,040,000) (16,102,000)                            
Benefit obligation at end of year 443,313,000 504,684,000 470,104,000                          
Change in plan assets                                
Fair value of plan assets at beginning of year 312,224,000 282,195,000       13,424,000 [1] 14,310,000 [2] 107,902,000 [3] 17,757,000 [4] 66,075,000 [5]            
Actual return on plan assets 54,357,000 37,645,000                            
Employer contributions 10,739,000 8,486,000                            
Benefits paid (20,040,000) (16,102,000)                            
Fair value of plan assets at end of year 357,280,000 312,224,000 282,195,000     15,205,000 [1] 16,055,000 [2] 124,130,000 [3] 20,344,000 [4] 84,199,000 [5]            
Underfunded status (86,033,000) (192,460,000)                            
Amounts recognized on our Conolidated Balance Sheets                                
Current liabilities (679,000) (1,271,000)                            
Noncurrent liabilities (85,354,000) (191,189,000)                            
Net liability (86,033,000) (192,460,000)                            
Amounts recognized in accumulated other comprehensive loss                                
Net actuarial loss 14,552,000 120,925,000                            
Prior service cost 0 304,000                            
Net amount recognized 14,552,000 121,229,000                            
Accumulated benefit obligation 443,300,000 504,700,000                            
Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive (Income) Loss                                
Service cost 2,686,000 4,762,000 5,112,000                          
Interest cost 18,626,000 19,234,000 20,484,000                          
Expected return on plan assets (19,829,000) (19,390,000) (17,910,000)                          
Amortization of actuarial loss 9,202,000 7,632,000 2,703,000                          
Amortization of prior service costs and other 90,000 165,000 175,000                          
Plan settlement/curtailment expense 214,000 250,000 804,000                     (200,000) (300,000) (100,000)
Net periodic benefit cost 10,989,000 12,653,000 11,368,000                          
Changes in plan assets and benefit obligations recognized in other comprehensive (income) loss                                
Net actuarial (gain) loss (97,171,000) 8,432,000 83,528,000                          
Amortization of actuarial gain (loss) (9,202,000) [6] (7,632,000) [6] (2,703,000) [6]                          
Amortization of prior service cost and other (304,000) [6] (416,000) [6] (175,000) [6]                          
Total recognized in other comprehensive (income) loss (106,677,000) 384,000 80,650,000                          
Total recognized in net periodic cost (benefit) and other comprehensive (income) loss (95,688,000) 13,037,000 92,018,000                          
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                     700,000          
Weighted Average Assumptions Used in Measurement of Benefit Obligation                                
Discount rate 4.65% 3.75%                            
Rate of compensation increases (a) 0.00% [7] 0.00% [7]                            
Weighted Average Assumptions Used in Measurement of Net Periodic Benefit Cost                                
Discount rate 3.75% 4.20% 5.35%                          
Expected long-term rate of return on plan assets 6.50% 6.75% 7.00%               6.50%          
Rate of compensation increases (a) 0.00% [7] 0.00% [7] 0.00% [7]                          
Pension plan asset allocation       64.00% 27.00% 4.00% 5.00%                  
Target Plan Asset Allocation                                
Pension plan asset target allocation         28.00% 4.00% 4.00% 34.00% 6.00% 24.00%            
Pension Contributions                                
Pension contribution of real property, fair value 4,000,000 9,800,000                            
Carrying Value of Pension Contribution of Real Property   6,200,000                            
Rent payments for contributed properties 1,100,000                              
Annual rent escalation rate for contributed properties 2.00%                              
Pension contributions 10,739,000 8,486,000 13,621,000                 1,000,000 400,000      
Estimated Future Contributions                                
Estimated 2014 contributions                     13,000,000          
Expected Future Benefit Payments                                
2014 18,463,000                              
2015 21,560,000                              
2016 21,619,000                              
2017 23,104,000                              
2018 24,461,000                              
Years 2019-2023 $ 136,881,000                              
[1] (f)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.
[2] (g)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.
[3] (b)Invested in the Russell Equity I Fund at December 31, 2013 and 2012. The fund seeks returns that exceed the Russell 1000 Index by investing in large-capitalization stocks of the U.S. stock market.
[4] (c)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.
[5] (d)Invested in the Russell International Fund with Active Currency at December 31, 2013 and 2012, 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, 2013 and 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. At December 31, 2013, investments in emerging markets represent approximately 20% of our international portfolio.
[6] (a)Represents amounts reclassified from accumulated other comprehensive loss. These amounts are included in the computation of net periodic pension cost. For additional information, see Note 9, Retirement and Benefit Plans.
[7] 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 covering hourly employees who continue to accrue benefits.