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Pension Plans
6 Months Ended
May 02, 2015
Compensation and Retirement Disclosure [Abstract]  
Pension Plans
Pension Plans
The Company has various defined benefit pension and other retirement plans for certain non-U.S. employees that are consistent with local statutory requirements and practices. The Company’s funding policy for its foreign defined benefit pension plans is consistent with the local requirements of each country. The plans’ assets consist primarily of U.S. and non-U.S. equity securities, bonds, property and cash.
Net periodic pension cost of non-U.S. plans is presented in the following table:
 
Three Months Ended
 
Six Months Ended
 
May 2, 2015
 
May 3, 2014
 
May 2, 2015
 
May 3, 2014
Service cost
$
4,056

 
$
3,436

 
$
8,880

 
$
6,834

Interest cost
3,008

 
3,577

 
6,590

 
7,107

Expected return on plan assets
(3,504
)
 
(3,463
)
 
(7,669
)
 
(6,879
)
Amortization of initial net obligation
5

 
5

 
10

 
10

Amortization of prior service cost
(62
)
 
(62
)
 
(124
)
 
(122
)
Amortization of net loss
1,924

 
1,165

 
3,862

 
2,300

Net periodic pension cost
$
5,427

 
$
4,658

 
$
11,549

 
$
9,250

Pension contributions of $3.4 million and $7.9 million were made by the Company during the three- and six-month periods ended May 2, 2015, respectively. The Company presently anticipates contributing an additional $5.9 million to fund its defined benefit pension plans in fiscal year 2015 for a total of $13.8 million.