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Retirement Benefits (Tables)
6 Months Ended
Jun. 30, 2015
Retirement Benefits [Abstract]  
Net Periodic Benefit (Credit) Cost

Net periodic benefit (credit) cost of our U.S. pension plans (including our unfunded nonqualified plans), non-U.S. pension plans, and postretirement health care and life insurance benefit plans for the three months ended June 30, 2015 and 2014, respectively, follow:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Pension Plans

 

Non-U.S. Pension Plans

 

Other Benefit Plans

 

 

Three Months Ended June 30,

 

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

 

(Dollars in thousands)

Service cost

 

$

 

$

 

$

383 

 

$

460 

 

$

 —

 

$

 —

Interest cost

 

 

4,697 

 

 

4,924 

 

 

915 

 

 

1,314 

 

 

242 

 

 

300 

Expected return on plan assets

 

 

(7,291)

 

 

(7,034)

 

 

(674)

 

 

(808)

 

 

 —

 

 

 —

Amortization of prior service cost (credit)

 

 

 

 

 

 

15 

 

 

16 

 

 

 —

 

 

(26)

Net periodic benefit (credit) cost

 

$

(2,586)

 

$

(2,102)

 

$

639 

 

$

982 

 

$

242 

 

$

274 

 

Net periodic benefit (credit) cost for the six months ended June 30, 2015 and 2014, respectively, follow:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Pension Plans

 

Non-U.S. Pension Plans

 

Other Benefit Plans

 

 

Six Months Ended June 30,

 

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

 

(Dollars in thousands)

Service cost

 

$

 

$

10 

 

$

774 

 

$

911 

 

$

 —

 

$

 —

Interest cost

 

 

9,395 

 

 

9,848 

 

 

1,838 

 

 

2,615 

 

 

485 

 

 

602 

Expected return on plan assets

 

 

(14,583)

 

 

(14,067)

 

 

(1,349)

 

 

(1,605)

 

 

 —

 

 

 —

Amortization of prior service cost (credit)

 

 

 

 

 

 

30 

 

 

31 

 

 

 —

 

 

(53)

Net periodic benefit (credit) cost

 

$

(5,173)

 

$

(4,203)

 

$

1,293 

 

$

1,952 

 

$

485 

 

$

549