PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Table)

12 Months Ended

Dec. 31, 2018



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	$	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
Cash and cash equivalents	$	42,261	$	20,034	$	22,227	$	—
Equity securities- Mutual funds ⁽¹⁾	446,434		404,509		41,925		—
Bond funds ⁽²⁾	238,880		177,731		61,149		—
Insurance Contracts⁽³⁾	8,408		—		—		8,408
Other ⁽⁴⁾	2,313		—		—		2,313
December 31, 2018	$	738,296	$	602,274	$	125,301	$	10,721



	Pension Benefits									Postretirement Benefits
(In thousands)	2018			2017			2016			2018			2017			2016
Service cost	$	27,116		$	25,093		$	25,100		$	490		$	435		$	338
Interest cost	26,149			25,895			30,495			719			762			996
Expected return on plan assets	(58,641		)	(53,552		)	(54,101		)	—			—			—
Amortization of prior service cost	(252		)	(100		)	(46		)	(656		)	(656		)	(657		)
Recognized net actuarial loss/(gain)	16,867			12,925			12,029			(131		)	(223		)	(296		)
Cost of settlements/curtailments	337			327			—			—			—			—
Net periodic benefit cost (income)	$	11,576		$	10,588		$	13,477		$	422		$	318		$	381



	Pension Benefits						Postretirement Benefits
(In thousands)	2018			2017			2018			2017
Change in benefit obligation:
Beginning of year	$	868,887		$	798,605		$	25,035		$	24,436
Service cost	27,116			25,093			490			435
Interest cost	26,149			25,895			719			762
Plan participants’ contributions	1,402			1,655			319			253
Actuarial (gain) loss	(58,913		)	56,727			(1,982		)	2,056
Benefits paid	(41,962		)	(41,233		)	(2,521		)	(2,907		)
Actual expenses	(1,371		)	(1,301		)	—			—
Settlements	(2,228		)	(4,151		)	—			—
Currency translation adjustments	(4,186		)	7,597			—			—
End of year	$	814,894		$	868,887		$	22,060		$	25,035



Change in plan assets:
Beginning of year	$	776,482		$	714,608		$	—		$	—
Actual return on plan assets	(44,876		)	94,960			—			—
Employer contribution	55,311			4,561			2,203			2,654
Plan participants’ contributions	1,402			1,655			319			253
Benefits paid	(44,190		)	(45,384		)	(2,522		)	(2,907		)
Actual Expenses	(1,371		)	(1,301		)	—			—
Currency translation adjustments	(4,462		)	7,383			—			—
End of year	$	738,296		$	776,482		$	—		$	—

Funded status	$	(76,598	)	$	(92,405	)	$	(22,060	)	$	(25,035	)



	Pension Benefits						Postretirement Benefits
(In thousands)	2018			2017			2018			2017
Amounts recognized on the balance sheet
Noncurrent assets	$	9,098		$	8,663		$	—		$	—
Current liabilities	(4,905		)	(3,374		)	(1,623		)	(1,686		)
Noncurrent liabilities	(80,791		)	(97,694		)	(20,437		)	(23,349		)
Total	$	(76,598	)	$	(92,405	)	$	(22,060	)	$	(25,035	)
Amounts recognized in accumulated other comprehensive income (AOCI)
Net actuarial loss (gain)	$	228,430		$	201,390		$	(4,751	)	$	(2,899	)
Prior service cost	(1,225		)	(1,461		)	(2,060		)	(2,718		)
Total	$	227,205		$	199,929		$	(6,811	)	$	(5,617	)
Amounts in AOCI expected to be recognized in net periodic cost in the coming year:
Loss (gain) recognition	$	10,368		$	15,615		$	131		$	(29	)
Prior service cost recognition	$	(284	)	$	(250	)	$	(657	)	$	(657	)
Accumulated benefit obligation	$	784,205		$	834,745		N/A			N/A
Information for pension plans with an accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	$	743,632		$	785,039		N/A			N/A
Accumulated benefit obligation	714,146			752,371			N/A			N/A
Fair value of plan assets	658,327			684,756			N/A			N/A



	Pension Benefits				Postretirement Benefits
	2018		2017		2018		2017
Weighted-average assumptions in determination of benefit obligation:
Discount rate	4.09	%	3.46	%	4.20	%	3.54	%
Rate of compensation increase	3.50	%	3.55	%	N/A		N/A
Health care cost trends:
Rate assumed for subsequent year	N/A		N/A		7.85	%	8.30	%
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	3.46	%	3.93	%	3.54	%	4.02	%
Expected return on plan assets	7.47	%	7.47	%	N/A		N/A
Rate of compensation increase	3.50	%	3.54	%	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	%



(In thousands)	1% Increase		1% Decrease
Total service and interest cost components	$	29	$	(23	)
Postretirement benefit obligation	$	331	$	(272	)



(In thousands)	Insurance Contracts			Other			Total
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
Actual return on plan assets:
Relating to assets still held at the reporting date	163			(13		)	150
Purchases, sales, and settlements	(2,595		)	152			(2,443		)
Foreign currency translation adjustment	(72		)	(17		)	(89		)
December 31, 2018	$	8,408		$	2,313		$	10,721