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Retirement plans (Tables)
12 Months Ended
Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]  
Multiemployer Pension Plans Table
Multi-employer Pension Plans
 
 
 
 
 
 
 
 
 

EIN Number/
Zone Status
Dec. 31,
FIP/RP Status
Pending/Implemented
Contributions(in thousands)
Surcharge Imposed
Expiration Dates of CBAs
Pension Plan Name
Plan Number
2015
2014
2015
2014
2013
AFTRA Retirement Plan (a)
13-6414972/001
Green
as of
Nov.
30,
2014
Green
as of
Nov.
30,
2013
NA
$
1,104

$
973

$
988

NA
9/11/2015
4/16/2017
1/27/2018

(a) This plan has elected to utilize special amortization provisions provided under the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010.
Retirement Plans  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures
Our pension costs, which include costs for our qualified and non-qualified plans, are presented in the following table:
In thousands of dollars
 
2015
2014
2013
 
 
(recast)

(recast)

Service cost—benefits earned during the period
$
920

$
812

$
1,051

Interest cost on benefit obligation
23,800

23,558

9,760

Expected return on plan assets
(31,464
)
(28,697
)
(9,754
)
Amortization of prior service costs
673

599

599

Amortization of actuarial loss
6,335

4,003

6,399

Pension expense for company-sponsored retirement plans
264

275

8,055

Settlement charge


1,356

Total pension cost
$
264

$
275

$
9,411

Schedule of Changes in Projected Benefit Obligations
The following table provides a reconciliation of pension benefit obligations (on a projected benefit obligation measurement basis), plan assets and funded status of company-sponsored retirement plans, along with the related amounts that are recognized in the Consolidated Balance Sheets.
In thousands of dollars
 
Dec. 31, 2015
Dec. 28, 2014
 
 
(recast)
Change in benefit obligations
 
 
Benefit obligations at beginning of year
$
566,224

$
502,068

Service cost
920

812

Interest cost
23,800

23,558

Actuarial loss (gain)
(12,514
)
67,596

Gross benefits paid
(34,401
)
(27,810
)
Transfers
42,595


Benefit obligations at end of year
$
586,624

$
566,224

Change in plan assets
 
 
Fair value of plan assets at beginning of year
$
387,626

$
360,374

Actual return on plan assets
(725
)
25,571

Employer contributions
12,008

29,491

Gross benefits paid
(34,401
)
(27,810
)
Transfers
35,685


Fair value of plan assets at end of year
$
400,193

$
387,626

Funded status at end of year
$
(186,431
)
$
(178,598
)
Amounts recognized in Consolidated Balance Sheets
Accrued benefit cost—current
$
(7,587
)
$
(6,923
)
Accrued benefit cost—noncurrent
$
(178,844
)
$
(171,675
)
Schedule of Net Funded Status
The funded status (on a projected benefit obligation basis)
of our principal retirement plans at Dec. 31, 2015, is as
follows:
In thousands of dollars
 
Fair Value of Plan Assets
Benefit Obligation
Funded Status
GRP
$
155,103

$
197,219

$
(42,116
)
SERP (a)

87,679

(87,679
)
Dealey
245,090

301,060

(55,970
)
All other

666

(666
)
Total
$
400,193

$
586,624

$
(186,431
)
(a) The SERP is an unfunded, unsecured liability

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
The following table presents information for our retirement plans for which accumulated benefits exceed assets:
In thousands of dollars
 
 
 
Dec. 31, 2015
Dec. 28, 2014
 
 
(recast)
Accumulated benefit obligation
$
576,333

$
558,824

Fair value of plan assets
$
400,193

$
387,626

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets
The following table presents information for our retirement plans for which projected benefit obligations exceed assets:
In thousands of dollars
 
 
 
Dec. 31, 2015
Dec. 28, 2014
 
 
(recast)
Projected benefit obligation
$
586,624

$
566,224

Fair value of plan assets
$
400,193

$
387,626

Schedule of Net Periodic Benefit Cost Not yet Recognized
The following table summarizes the amounts recorded in accumulated other comprehensive income (loss) that have not yet been recognized as a component of pension expense as of the dates presented (pre-tax):
In thousands of dollars
 
 
 
Dec. 31, 2015
Dec. 28, 2014
 
 
(recast)
Net actuarial losses
$
(184,808
)
$
(148,210
)
Prior service cost
(3,367
)
(3,126
)
Amounts in accumulated other comprehensive income (loss)
$
(188,175
)
$
(151,336
)
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) consist of the following for continuing operations only:
In thousands of dollars
 
2015
Current year actuarial loss
$
(43,821
)
Amortization of previously deferred actuarial loss
6,335

Amortization of previously deferred prior service costs
673

Total
$
(36,813
)
Schedule of Assumptions Used
Pension costs: The following assumptions were used to determine net pension costs:
 
2015
2014
2013
 
 
(recast)
(recast)
Discount rate
4.19%
4.84%
3.89%
Expected return on plan assets
8.00%
8.00%
8.25%
Rate of compensation increase
3.00%
3.00%
3.00%
Schedule Of Assumptions Used In Calculating Pension Benefit Obligations Table
Benefit obligations and funded status: The following assumptions were used to determine the year-end benefit obligations:
 
Dec. 31, 2015
Dec. 28, 2014
 
 
(recast)
Discount rate
4.46%
4.12%
Rate of compensation increase
3.00%
3.00%
Schedule of Allocation of Plan Assets
The asset allocation for the TRP at the end of 2015 and 2014, and target allocations for 2016, by asset category, are presented in the table below: 
Target Allocation
 
Allocation of Plan Assets
 
2016
2015
2014
Equity securities
60
%
58
%
65
%
Debt securities
25

35

20

Other
15

7

15

Total
100
%
100
%
100
%
Schedule of Expected Benefit Payments
We estimate we will make the following benefit payments (from either retirement plan assets or directly from our funds), which reflect expected future employee service, as appropriate:
In thousands of dollars
2016
$
36,409

2017
$
42,097

2018
$
39,359

2019
$
40,416

2020
$
40,457

2021-2025
$
198,272