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EMPLOYEE BENEFIT PLANS (Tables)
6 Months Ended
Jun. 30, 2020
Employee Benefit Plans [Line Items]  
Schedule of Net Benefit Costs [Table Text Block]

The following tables set forth the components of net periodic benefit cost for our pension and other postemployment benefit plans for the periods indicated:
 
Pension Benefits
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2020
2019
 
2020
2019
 
(Thousands of dollars)
Components of net periodic benefit cost
 
 
 
 
 
Service cost
$
3,217

$
3,008

 
$
6,434

$
6,016

Interest cost
8,545

10,168

 
17,090

20,336

Expected return on assets
(15,280
)
(15,485
)
 
(30,560
)
(30,970
)
Amortization of net loss
10,580

8,260

 
21,160

16,520

Net periodic benefit cost
$
7,062

$
5,951

 
$
14,124

$
11,902



 
Other Postemployment Benefits
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2020
2019
 
2020
2019
 
(Thousands of dollars)
Components of net periodic benefit cost (credit)
 
 
 
 
 
Service cost
$
423

$
434

 
$
846

$
868

Interest cost
1,889

2,329

 
3,778

4,658

Expected return on assets
(3,867
)
(3,147
)
 
(7,734
)
(6,294
)
Amortization of unrecognized prior service credit
(29
)
(168
)
 
(58
)
(336
)
Amortization of net loss
43

561

 
86

1,122

Net periodic benefit cost (credit)
$
(1,541
)
$
9

 
$
(3,082
)
$
18