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Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets
The majority of the Company's defined benefit pension plans have projected benefit obligations in excess of the fair value of plan assets. For these plans, the projected benefit obligations and the fair value of plan assets were as follows as of December 31, 2019 and 2018:

December 31,
2019
 
2018
 
(In thousands)
Projected benefit obligations
$
486,305

 
$
459,706

Fair value of plans' assets
417,074

 
382,181

Schedule of Fair Value of Plan Assets in Excess of Benefit Obligations
Certain of the Company's U.K. Plans have fair values of plan assets that exceed the projected benefit obligations. For these plans, the projected benefit obligations and the fair value of plan assets were as follows as of December 31, 2019 and 2018:

December 31,
2019
 
2018
 
(In thousands)
Projected benefit obligations
$
261,953

 
$
234,776

Fair value of plans' assets
296,943

 
267,508

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
A reconciliation of the beginning and ending balances of the projected benefit obligations and the fair value of plans' assets for the Company's defined benefit pension plans as of the plans' most recent measurement dates is as follows:
Year Ended December 31,
2019
 
2018
 
(In thousands)
Projected Benefit Obligations:
 
 
 
Beginning of measurement period
$
694,482

 
$
764,740

Service cost
1,278

 
1,395

Interest cost
22,408

 
20,933

Employee contributions
45

 
59

Actuarial loss (gain)
77,549

 
(24,277
)
Plan settlements

 
(1,014
)
Plan amendments

 
1,542

Benefits paid
(50,415
)
 
(58,592
)
Foreign currency effects
2,911

 
(10,304
)
End of measurement period
748,258

 
694,482

Fair Value of Plans' Assets:
 
 
 
Beginning of measurement period
649,688

 
708,895

Actual return on plans' assets
109,670

 
(13,017
)
Employer contributions
1,112

 
24,862

Employee contributions
522

 
59

Plan settlements

 
(1,014
)
Benefits paid
(50,415
)
 
(58,592
)
Foreign currency effects
3,440

 
(11,505
)
End of measurement period
714,017

 
649,688

Unfunded Status
$
(34,241
)
 
$
(44,794
)
Schedule of Net Funded Status
The underfunded status of the Company's defined benefit pension plans recognized in the Consolidated Balance Sheets at December 31 consisted of:
December 31,
2019

2018
 
(In thousands)
U.S. Qualified Plan
$
63,538

 
$
72,484

Other international plans
2,371

 
1,839

Subtotal, included in "Accrued pension liabilities"
65,909

 
74,323

U.K. prepaid pension asset included in "Other noncurrent assets"
(34,990
)
 
(32,732
)
Unfunded status of nonqualified defined benefit deferred pension plans included in "Other accrued liabilities"
310

 
312

Unfunded status of nonqualified defined benefit pension plans included in "Other noncurrent liabilities"
3,012

 
2,891

Total unfunded status
$
34,241

 
$
44,794

Accumulated other comprehensive loss, before income taxes
$
(268,275
)
 
$
(280,644
)
Schedule of Net Unrecognized Actuarial Gain (loss)
The following tables set forth the 2019 and 2018 changes in accumulated other comprehensive loss for the Company's defined benefit retirement plans and post-retirement medical benefits plan on a combined basis:
 
Defined Benefit Pension Plans
 
Post-Retirement Medical Benefits Plan
 
(In thousands)
Net unrecognized actuarial (loss) gain, December 31, 2017
$
(268,515
)
 
$
456

Amortization of net loss (gain)
10,914

 
(152
)
Net loss arising during the year
(24,709
)
 

Currency translation
1,362

 

Net unrecognized actuarial (loss) gain, December 31, 2018
(280,948
)
 
304

Amortization of net loss (gain)
10,836

 
(152
)
Net gain arising during the year
2,311

 

Currency translation
(626
)
 

Net unrecognized actuarial (loss) gain, December 31, 2019
$
(268,427
)
 
$
152

Schedule of Net Periodic Benefit Costs
Net periodic benefit cost related to all of the Company's defined benefit pension plans recognized in the Company's Consolidated Statements of Operations for the years ended December 31, 2019, 2018, and 2017 included the following components:

Year Ended December 31,
2019
 
2018
 
2017
 
(In thousands)
Service cost
$
1,278

 
$
1,395

 
$
1,288

Interest cost
22,376

 
20,933

 
22,723

Expected return on assets
(29,654
)
 
(34,267
)
 
(34,056
)
Amortization of actuarial loss
10,837

 
10,744

 
11,154

Net periodic benefit cost (credit)
$
4,837

 
$
(1,195
)
 
$
1,109

Schedule of Expected Benefit Payments
Over the next ten years, the following benefit payments are expected to be required to be made from the Company's U.S. and U.K. defined benefit pension plans:
Year Ending December 31,
Expected Benefit Payments
 
(In thousands)
2020
$
43,637

2021
43,835

2022
43,942

2023
43,921

2024
43,691

2025-2029
213,641

Schedule of Assumptions Used
Certain assumptions used in computing the benefit obligations and net periodic benefit cost for the U.S. and U.K. defined benefit pension plans were as follows:
U.S. Qualified Plan:
2019
 
2018
Discount rate used to compute benefit obligations
3.15
%
 
4.30
%
Discount rate used to compute periodic benefit cost
4.31
%
 
3.63
%
Expected long-term rates of return on plans' assets
6.10
%
 
6.20
%

U.K. Defined Benefit Plans:
2019
 
2018
Discount rate used to compute benefit obligations
1.93
%
 
2.77
%
Discount rate used to compute periodic benefit cost
2.77
%
 
2.61
%
Expected long-term rates of return on plans' assets
3.28
%
 
3.98
%
Schedule of Allocation of Plan Assets
Asset allocations at the respective measurement dates, by asset category, for the Company's U.S. and U.K. qualified defined benefit pension plans were as follows:
 
U.S. Qualified Plan
 
U.K. Plans
December 31,
2019
 
2018
 
2019
 
2018
Equity securities
21.4
%
 
21.8
%
 
17.9
%
 
18.0
%
Fixed income securities
69.3
%
 
68.8
%
 
68.3
%
 
71.8
%
Alternative strategies
5.9
%
 
7.3
%
 
13.0
%
 
9.0
%
Cash, cash equivalents and short-term investment funds
3.4
%
 
2.1
%
 
0.8
%
 
1.2
%
Total asset allocation
100.0
%
 
100.0
%
 
100.0
%
 
100.0
%