XML 42 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
PENSION AND OTHER POST-RETIREMENT BENEFITS
9 Months Ended
Jul. 29, 2012
PENSION AND OTHER POST-RETIREMENT BENEFITS  
PENSION AND OTHER POST-RETIREMENT BENEFITS

NOTE J        PENSION AND OTHER POST-RETIREMENT BENEFITS

 

Net periodic benefit cost for pension and other post-retirement benefit plans consists of the following:

 

 

 

Pension Benefits

 

 

 

Three Months Ended

 

Nine Months Ended

 

(in thousands)

 

July 29, 2012

 

July 31, 2011

 

July 29, 2012

 

July 31, 2011

 

Service cost

 

$

5,856

 

$

6,052

 

$

17,568 

 

$

18,155 

 

Interest cost

 

12,284

 

12,570

 

36,852 

 

37,711 

 

Expected return on plan assets

 

(17,128)

 

(15,747)

 

(51,383)

 

(47,242)

 

Amortization of prior service cost

 

(1,269)

 

(152)

 

(3,809)

 

(455)

 

Recognized actuarial loss

 

5,032

 

4,159

 

15,097 

 

12,475 

 

Net periodic cost

 

$

4,775

 

$

6,882

 

$

14,325 

 

$

20,644 

 

 

 

 

Post-retirement Benefits

 

 

 

Three Months Ended

 

Nine Months Ended

 

(in thousands)

 

July 29, 2012

 

July 31, 2011

 

July 29, 2012

 

July 31, 2011

 

Service cost

 

$

556

 

$

543 

 

$

1,668 

 

$

1,628 

 

Interest cost

 

4,437

 

4,683 

 

13,312

 

14,049 

 

Amortization of prior service cost

 

882

 

1,074 

 

2,678 

 

3,267 

 

Recognized actuarial gain

 

-

 

(1)

 

(2)

 

(3)

 

Net periodic cost

 

$

5,875

 

$

6,299 

 

$

17,656 

 

$

18,941 

 

 

During the third quarter of fiscal 2012, the Company made discretionary contributions of $27.3 million to fund its pension plans, compared to discretionary contributions of $23.6 million during the third quarter of fiscal 2011.