Pension, Postretirement and Postemployment Benefits

9 Months Ended

Sep. 25, 2011

Pension, Postretirement and Postemployment Benefits (Thousands of Dollars) [Abstract]

Pension, Postretirement and Postemployment Benefits

(7) Pension, Postretirement and Postemployment Benefits

Substantially all United States employees are covered under at least one of several non-contributory defined benefit pension plans maintained by the Company. Benefits under the two major plans which principally cover non-union employees are based primarily on salary and years of service. One of these major plans is funded. Benefits under the remaining plans are based primarily on fixed amounts for specified years of service. Of these remaining plans, the plan covering union employees is also funded. Effective at the end of December 2007, the Company froze pension benefits being accrued for its non-union employees in the United States. Pension coverage for employees of Hasbro's international subsidiaries is provided, to the extent deemed appropriate, through separate defined benefit and defined contribution plans.

The components of the net periodic cost of the Company's defined benefit pension and other postretirement plans for the quarters and nine months ended September 25, 2011 and September 26, 2010 are as follows:

	Quarter Ended
	--------------------
	Pension		Postretirement
	------------------		------------------
	Sept. 25, 2011	Sept. 26, 2010	Sept. 25, 2011	Sept. 26, 2010
	-------	-------	-------	-------
Service cost	$    1,023	1,108	171	153
Interest cost	5,144	5,183	440	450
Expected return on assets	(6,172)	(6,112)	-	-
Net amortization and deferrals	1,288	1,074	18	-
	--------	--------	--------	--------
Net periodic benefit cost	$    1,283	1,253	629	603
	=====	=====	=====	=====

	Nine Months Ended
	------------------
	Pension		Postretirement
	------------------		------------------
	Sept. 25, 2011	Sept. 26, 2010	Sept. 25, 2011	Sept. 26, 2010
	-------	-------	-------	-------
Service cost	$    3,192	3,235	513	458
Interest cost	15,598	15,590	1,320	1,350
Expected return on assets	(18,679)	(18,337)	-	-
Net amortization and deferrals	3,878	3,262	54	-
	--------	--------	--------	--------
Net periodic benefit cost	$    3,989	3,750	1,887	1,808
	=====	=====	=====	=====

During the first three quarters of fiscal 2011, the Company made cash contributions to its defined benefit pension plans of approximately $5,100 in the aggregate. The Company expects to contribute approximately $1,300 during the remainder of fiscal 2011.