PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Table)

12 Months Ended

Dec. 31, 2017



Asset Category	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash and cash equivalents	$	23,979	$	4,893	$	19,086	$	—
Equity securities- Mutual funds⁽¹⁾	459,002		418,390		40,612		—
Bond funds ⁽²⁾	219,249		155,120		64,129		—
Insurance Contracts ⁽³⁾	10,760		—		—		10,760
Other ⁽⁴⁾	1,618		—		—		1,618
December 31, 2016	$	714,608	$	578,403	$	123,827	$	12,378
Cash and cash equivalents	$	42,374	$	12,551	$	29,823	$	—
Equity securities- Mutual funds ⁽¹⁾	504,633		455,175		49,458		—
Bond funds ⁽²⁾	216,372		150,265		66,107		—
Insurance Contracts⁽³⁾	10,912		—		—		10,912
Other ⁽⁴⁾	2,191		—		—		2,191
December 31, 2017	$	776,482	$	617,991	$	145,388	$	13,103



	Pension Benefits									Postretirement Benefits
(In thousands)	2017			2016			2015			2017			2016			2015
Service cost	$	25,093		$	25,100		$	26,873		$	435		$	338		$	286
Interest cost	25,895			30,495			30,050			762			996			842
Expected return on plan assets	(53,552		)	(54,101		)	(54,629		)	—			—			—
Amortization of prior service cost	(100		)	(46		)	618			(656		)	(657		)	(657		)
Recognized net actuarial loss/(gain)	12,925			12,029			16,890			(223		)	(296		)	(551		)
Cost of settlements/curtailments	327			—			7,461			—			—			—
Net periodic benefit cost (income)	$	10,588		$	13,477		$	27,263		$	318		$	381		$	(80	)



	Pension Benefits						Postretirement Benefits
(In thousands)	2017			2016			2017			2016
Change in benefit obligation:
Beginning of year	$	798,605		$	774,710		$	24,436		$	21,980
Service cost	25,093			25,100			435			338
Interest cost	25,895			30,495			762			996
Plan participants’ contributions	1,655			1,897			253			266
Amendments	—			—			—			—
Actuarial loss	56,727			19,640			2,056			3,372
Benefits paid	(45,384		)	(41,115		)	(2,907		)	(2,516		)
Actual expenses	(1,301		)	(1,206		)	—			—
Currency translation adjustments	7,597			(10,916		)	—			—
End of year	$	868,887		$	798,605		$	25,035		$	24,436



Change in plan assets:
Beginning of year	$	714,608		$	692,074		$	—		$	—
Actual return on plan assets	94,960			65,872			—			—
Employer contribution	4,561			8,210			2,654			2,250
Plan participants’ contributions	1,655			1,897			253			266
Benefits paid	(45,384		)	(41,115		)	(2,907		)	(2,516		)
Actual Expenses	(1,301		)	(1,206		)	—			—
Currency translation adjustments	7,383			(11,124		)	—			—
End of year	$	776,482		$	714,608		$	—		$	—

Funded status	$	(92,405	)	$	(83,997	)	$	(25,035	)	$	(24,436	)



	Pension Benefits						Postretirement Benefits
(In thousands)	2017			2016			2017			2016
Amounts recognized on the balance sheet
Noncurrent assets	$	8,663		$	4,049		$	—		$	—
Current liabilities	(3,374		)	(3,498		)	(1,686		)	(1,833		)
Noncurrent liabilities	(97,694		)	(84,548		)	(23,349		)	(22,603		)
Total	$	(92,405	)	$	(83,997	)	$	(25,035	)	$	(24,436	)
Amounts recognized in accumulated other comprehensive income (AOCI)
Net actuarial loss (gain)	$	201,390		$	198,630		$	(2,899	)	$	(5,178	)
Prior service cost	(1,461		)	(1,580		)	(2,718		)	(3,373		)
Total	$	199,929		$	197,050		$	(5,617	)	$	(8,551	)
Amounts in AOCI expected to be recognized in net periodic cost in the coming year:
Loss (gain) recognition	$	15,615		$	11,793		$	(29	)	$	(203	)
Prior service cost recognition	$	(250	)	$	(105	)	$	(657	)	$	(657	)
Accumulated benefit obligation	$	834,745		$	767,461		N/A			N/A
Information for pension plans with an accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	$	785,039		$	733,426		N/A			N/A
Accumulated benefit obligation	752,371			702,282			N/A			N/A
Fair value of plan assets	684,756			645,380			N/A			N/A



	Pension Benefits				Postretirement Benefits
	2017		2016		2017		2016
Weighted-average assumptions in determination of benefit obligation:
Discount rate	3.46	%	3.88	%	3.54	%	4.00	%
Rate of compensation increase	3.55	%	3.35	%	N/A		N/A
Health care cost trends:
Rate assumed for subsequent year	N/A		N/A		8.30	%	8.25	%
Ultimate rate reached in 2026	N/A		N/A		4.50	%	4.50	%
Weighted-average assumptions in determination of net periodic benefit cost:
Discount rate	3.93	%	4.12	%	4.02	%	4.25	%
Expected return on plan assets	7.47	%	7.81	%	N/A		N/A
Rate of compensation increase	3.54	%	3.35	%	N/A		N/A
Health care cost trends:
Rate assumed for subsequent year	N/A		N/A		8.25	%	8.75	%
Ultimate rate reached in 2026	N/A		N/A		4.50	%	4.50	%



(In thousands)	1% Increase		1% Decrease
Total service and interest cost components	$	28	$	(23	)
Postretirement benefit obligation	$	502	$	(414	)



(In thousands)	Insurance Contracts			Other			Total
December 31, 2015	$	9,720		$	755		$	10,475
Actual return on plan assets:
Relating to assets still held at the reporting date	148			35			183
Purchases, sales, and settlements	1,095			871			1,966
Foreign currency translation adjustment	(203		)	(43		)	(246		)
December 31, 2016	$	10,760		$	1,618		$	12,378
Actual return on plan assets:
Relating to assets still held at the reporting date	167			58			226
Purchases, sales, and settlements	(503		)	436			(68		)
Foreign currency translation adjustment	488			79			567
December 31, 2017	$	10,912		$	2,191		$	13,103