XML 77 R62.htm IDEA: XBRL DOCUMENT v3.20.4
EMPLOYEE BENEFIT PLANS - Narrative (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Employee benefit plans      
Maximum participants' contribution as a percentage of pre-tax compensation 20.00%    
Employer's matching contribution for each dollar contributed by the employee $ 0.75    
Maximum employer contribution as a percentage of base salary 6.00%    
Company contributions $ 6,500,000   $ 6,000,000.0
Annual rate of increase in the per capita cost 5.50%    
Health care cost trend rate assumed, year three 5.00%    
Health care cost trend rate, benefit obligation 3.80%    
Period to reach ultimate trend rate, benefit obligation 40 years    
Health care cost trend rate, net periodic benefit cost 4.00%    
Period to reach ultimate trend rate, net periodic benefit cost 53 years    
Fixed Income      
Employee benefit plans      
Assumed percentage of portfolio investment 40.00%    
Assumed long-term inflation rate 2.10%    
Long-term rate of return on plan assets 3.44%    
Equity Securities      
Employee benefit plans      
Assumed percentage of portfolio investment 60.00%    
Assumed long-term inflation rate 2.10%    
Non U.S. Equities      
Employee benefit plans      
Long-term rate of return on plan assets 9.17%    
Short-term cash investments      
Employee benefit plans      
Long-term rate of return on plan assets 2.57%    
Minimum | Fixed Income      
Employee benefit plans      
Maturity period 1 year    
Maximum | Fixed Income      
Employee benefit plans      
Maturity period 5 years    
S&P Index      
Employee benefit plans      
Performance benchmark of special index 35.00%    
Russell 2000 Index      
Employee benefit plans      
Performance benchmark of special index 15.00%    
MSCI EAFE Index      
Employee benefit plans      
Performance benchmark of special index 10.00%    
Bloomberg Barclays U.S. Aggregate Bond Index      
Employee benefit plans      
Performance benchmark of special index 40.00%    
Pension Benefits      
Employee benefit plans      
Accumulated benefit obligations $ 622,000,000.0 $ 615,500,000  
Fair value of pension plan assets 716,794,000 573,575,000 469,774,000
Net periodic benefit cost $ 45,684,000 $ 34,374,000 41,552,000
Long-term rate of return on plan assets 6.50% 6.25%  
Average return for last five years 11.90%    
Estimated annual contributions in next fiscal year $ 23,500,000    
Pension Benefits | Fixed Income | Level 1 | Money Market Fund Investments      
Employee benefit plans      
Fair value of pension plan assets $ 9,600,000 $ 8,900,000  
Pension Benefits | Total Domestic Equity:      
Employee benefit plans      
Long-term rate of return on plan assets 8.18%    
SERP      
Employee benefit plans      
Accumulated benefit obligations $ 78,000,000.0 71,800,000  
Other Benefits      
Employee benefit plans      
Fair value of pension plan assets $ 147,057,000 128,554,000 102,625,000
Threshold retirement age for participation in plan on payment of a premium 58 years    
Life insurance benefit $ 10,000    
Net periodic benefit cost 5,211,000 $ 7,880,000 $ 8,832,000
Regulatory asset related to underfunded postretirement benefit expense $ 1,500,000    
Long-term rate of return on plan assets 6.00% 5.50%  
Average return for last ten years 9.40%    
Estimated annual contributions in next fiscal year $ 2,200,000    
Other Benefits | Fixed Income | Level 1 | Money Market Fund Investments      
Employee benefit plans      
Fair value of pension plan assets $ 3,100,000 $ 4,500,000  
Other Benefits | Total Domestic Equity:      
Employee benefit plans      
Long-term rate of return on plan assets 7.86%