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Employee and Retiree Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2015
Employee and Retiree Benefit Plans [Abstract]  
Components of Net Periodic Benefit Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Pension Benefits

 

Other Postretirement Benefits

(Thousands of dollars)

2015

 

 

2014

 

2015

 

2014

Service cost

$

4,772 

 

 

6,284 

 

 

828 

 

 

672 

Interest cost

 

7,971 

 

 

8,253 

 

 

1,192 

 

 

1,277 

Expected return on plan assets

 

(8,724)

 

 

(8,528)

 

 

– 

 

 

– 

Amortization of prior service cost

 

198 

 

 

228 

 

 

(20)

 

 

(20)

Amortization of transitional asset

 

274 

 

 

212 

 

 

 

 

Recognized actuarial loss

 

3,891 

 

 

1,733 

 

 

190 

 

 

59 

 

 

8,382 

 

 

8,182 

 

 

2,193 

 

 

1,990 

Special termination benefits

 

8,606 

 

 

– 

 

 

– 

 

 

– 

Curtailments

 

306 

 

 

– 

 

 

– 

 

 

– 

Net periodic benefit expense

$

17,294 

 

 

8,182 

 

 

2,193 

 

 

1,990 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30,

 

Pension Benefits

 

Other Postretirement Benefits

(Thousands of dollars)

 

2015

 

 

2014

 

2015

 

2014

Service cost

$

9,853 

 

 

12,840 

 

 

1,656 

 

 

1,344 

Interest cost

 

15,921 

 

 

16,468 

 

 

2,384 

 

 

2,555 

Expected return on plan assets

 

(17,411)

 

 

(17,008)

 

 

– 

 

 

– 

Amortization of prior service cost

 

393 

 

 

453 

 

 

(41)

 

 

(41)

Amortization of transitional asset

 

545 

 

 

420 

 

 

 

 

Recognized actuarial loss

 

7,782 

 

 

3,466 

 

 

385 

 

 

118 

 

 

17,083 

 

 

16,639 

 

 

4,387 

 

 

3,979 

Special termination benefits

 

8,606 

 

 

– 

 

 

– 

 

 

– 

Curtailments

 

306 

 

 

– 

 

 

– 

 

 

– 

Net periodic benefit expense

$

25,995 

 

 

16,639 

 

 

4,387 

 

 

3,979