PENSION AND OTHER POST-RETIREMENT BENEFITS

9 Months Ended

Jul. 24, 2016

PENSION AND OTHER POST-RETIREMENT BENEFITS

PENSION AND OTHER POST-RETIREMENT BENEFITS

NOTE FPENSION 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 24, 2016		July 26, 2015		July 24, 2016		July 26, 2015
Service cost	$	6,645	$	7,198	$	20,005	$	21,596
Interest cost		13,674		13,131		41,030		39,392
Expected return on plan assets		(21,716)		(22,198)		(65,071)		(66,594)
Amortization of prior service cost		(1,037)		(1,220)		(3,169)		(3,659)
Recognized actuarial loss		4,787		4,625		13,958		13,851
Curtailment gain		(4,438)		-		(4,438)		-
Net periodic cost	$	(2,085)	$	1,536	$	2,315	$	4,586
	Post-retirement Benefits
	Three Months Ended				Nine Months Ended
(in thousands)	July 24, 2016		July 26, 2015		July 24, 2016		July 26, 2015
Service cost	$	317	$	442	$	950	$	1,327
Interest cost		3,236		3,337		9,708		10,009
Amortization of prior service cost		(1,050)		(335)		(3,151)		(1,003)
Recognized actuarial loss (gain)		392		-		1,176		(1)
Net periodic cost	$	2,895	$	3,444	$	8,683	$	10,332

During the third quarter of fiscal 2016, the Company made discretionary contributions of $25.7 million to fund its pension plans, compared to discretionary contributions of $22.7 million during the third quarter of fiscal 2015.  The curtailment gain recognized in the third quarter of fiscal 2016 is due to plan amendments related to the sale of DCB.