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Pension and OPEB (Tables)
12 Months Ended
Dec. 31, 2016
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract]  
Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block]
 
 
Pension Benefits
 
Other Postretirement Benefits
 
 
at December 31,
 
at December 31,
 
 
2016
 
2015
 
2016
 
2015
Change in benefit obligation:
 
 
 
 
 
 
 
 
Benefit obligation at beginning of period
 
$
763,407

 
$
870,471

 
$
671,755

 
$
760,959

Service cost
 
1,927

 
8,653

 

 

Interest cost
 
25,491

 
32,095

 
24,241

 
27,238

Actuarial loss (gain)
 
46,962

 
(39,563
)
 
77,640

 
(9,224
)
Plan amendments
 

 

 
(28,164
)
 
(43,598
)
Plan transfer*
 

 

 

 
(5,242
)
Plan curtailments
 

 
(26,352
)
 

 

Plan settlements
 
(54,197
)
 
(51,497
)
 

 

Participant contributions
 

 

 

 
1,649

Benefits and other payments
 
(35,709
)
 
(30,400
)
 
(45,387
)
 
(60,027
)
Benefit obligation at end of period
 
$
747,881

 
$
763,407

 
$
700,085

 
$
671,755

 
 
 
 
 
 
 
 
 
Change in plan assets:
 
 
 
 
 
 
 
 
Fair value of plan assets at beginning of period
 
$
669,039

 
$
751,176

 
$

 
$

Actual return (loss) on plan assets
 
50,575

 
(9,293
)
 

 

Company contributions
 
2,726

 
9,053

 
45,387

 
58,378

Participant contributions
 

 

 

 
1,649

Benefits and other payments
 
(35,709
)
 
(30,400
)
 
(45,387
)
 
(60,027
)
Plan settlements
 
(54,197
)
 
(51,497
)
 

 

Fair value of plan assets at end of period
 
$
632,434

 
$
669,039

 
$

 
$

 
 
 
 
 
 
 
 
 
Funded status:
 
 
 
 
 
 
 
 
Current liabilities
 
$
(2,904
)
 
$
(2,772
)
 
$
(40,611
)
 
$
(40,863
)
Noncurrent liabilities
 
(112,543
)
 
(91,596
)
 
(659,474
)
 
(630,892
)
Net obligation recognized
 
$
(115,447
)
 
$
(94,368
)
 
$
(700,085
)
 
$
(671,755
)
 
 
 
 
 
 
 
 
 
Amounts recognized in accumulated other comprehensive income consist of:
 
 
 
 
 
 
 
 
Net actuarial loss
 
$
299,865

 
$
288,695

 
$
426,392

 
$
367,920

Prior service credit
 
(1,611
)
 
(2,201
)
 
(28,164
)
 

Net amount recognized (before tax effect)
 
$
298,254

 
$
286,494

 
$
398,228

 
$
367,920


Schedule of Defined Benefit Plans Disclosures [Table Text Block]


The components of net periodic benefit costs are as follows:
 
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
 
 
 
 
Other
 
 
Pension
 
Postretirement
 
 
Benefits
 
Benefits
Prior service credit recognition
 
$
(590
)
 
$
(2,405
)
Actuarial loss recognition
 
$
9,403

 
$
23,112


Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
 
 
As of December 31,
 
 
2016
 
2015
Projected benefit obligation
 
$
747,881

 
$
763,407

Accumulated benefit obligation
 
$
745,793

 
$
761,124

Fair value of plan assets
 
$
632,434

 
$
669,039


Schedule of Assumptions Used [Table Text Block]

The weighted-average assumptions used to determine benefit obligations are as follows:
 
 
Pension Benefits
 
Other Postretirement Benefits
 
 
For the Year Ended
 
For the Year Ended
 
 
December 31,
 
December 31,
 
 
2016
 
2015
 
2016
 
2015
Discount rate
 
4.31
%
 
4.50
%
 
4.22
%
 
4.50
%
Rate of compensation increase
 
3.90
%
 
3.80
%
 

 


The discount rates are determined using a Company-specific yield curve model (above-mean) developed with the assistance of an external actuary. The Company-specific yield curve models (above-mean) use a subset of the expanded bond universe to determine the Company-specific discount rate. Bonds used in the yield curve are rated AA by Moody's or Standard & Poor's as of the measurement date. The yield curve models parallel the plans' projected cash flows, and the underlying cash flows of the bonds included in the models exceed the cash flows needed to satisfy the Company plans.

The weighted-average assumptions used to determine net periodic benefit costs are as follows:
 
 
Pension Benefits at
 
Other Postretirement Benefits at
 
 
December 31,
 
December 31,
 
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Discount rate
 
4.52
%
 
4.07
%
 
4.87
%
 
4.50
%
 
4.03
%
 
4.88
%
Expected long-term return on plan assets
 
7.25
%
 
7.75
%
 
7.75
%
 

 

 

Rate of compensation increase
 
3.80
%
 
3.80
%
 
4.21
%
 

 

 


Schedule of Health Care Cost Trend Rates [Table Text Block]
The assumed health care cost trend rates are as follows:
 
 
At December 31,
 
 
2016
 
2015
 
2014
Health care cost trend rate for next year
 
6.31
%
 
6.49
%
 
6.03
%
Rate to which the cost trend is assumed to decline (ultimate trend rate)
 
4.50
%
 
4.50
%
 
4.50
%
Year that the rate reaches ultimate trend rate
 
2038

 
2038

 
2026


Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]

Assumed health care cost trend rates have a significant effect on the amounts reported for the medical plans. A one-percentage point change in assumed health care cost trend rates would have the following effects:
 
 
1 Percentage
 
1 Percentage
 
 
Point Increase
 
Point Decrease
Effect on total of service and interest cost components
 
$
3,659

 
$
(3,053
)
Effect on accumulated postretirement benefit obligation
 
$
84,381

 
$
(71,751
)

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]


Schedule of Allocation of Plan Assets [Table Text Block]
The fair values of plan assets at December 31, 2016 and 2015 by asset category are as follows:
 
 
Fair Value Measurements at December 31, 2016
 
Fair Value Measurements at December 31, 2015
 
 
 
 
Quoted
 
 
 
 
 
 
 
Quoted
 
 
 
 
 
 
 
 
Prices in
 
 
 
 
 
 
 
Prices in
 
 
 
 
 
 
 
 
Active
 
 
 
 
 
 
 
Active
 
 
 
 
 
 
 
 
Markets for
 
Significant
 
Significant
 
 
 
Markets for
 
Significant
 
Significant
 
 
 
 
Identical
 
Observable
 
Unobservable
 
 
 
Identical
 
Observable
 
Unobservable
 
 
 
 
Assets
 
Inputs
 
Inputs
 
 
 
Assets
 
Inputs
 
Inputs
 
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
Asset Category
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash/Accrued Income
 
$
639

 
$
639

 
$

 
$

 
$
631

 
$
631

 
$

 
$

US Equities (a)
 
11

 
11

 

 

 
10

 
10

 

 

Mercer Common Collective Trusts (b)
 
631,784

 

 

 

 
668,398

 

 

 

Total
 
$
632,434

 
$
650

 
$

 
$

 
$
669,039

 
$
641

 
$

 
$


Schedule of Expected Benefit Payments [Table Text Block]
The following benefit payments, reflecting expected future service, are expected to be paid: