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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Pension Benefits

 

Other Postretirement Benefits

(Thousands of dollars)

 

2015

 

 

2014

 

2015

 

2014

Service cost

$

5,898 

 

 

6,208 

 

 

826 

 

 

672 

Interest cost

 

8,972 

 

 

8,239 

 

 

1,192 

 

 

1,278 

Expected return on plan assets

 

(10,471)

 

 

(8,506)

 

 

– 

 

 

– 

Amortization of prior service cost

 

187 

 

 

227 

 

 

(21)

 

 

(20)

Amortization of transitional asset

 

402 

 

 

208 

 

 

 

 

Recognized actuarial loss

 

3,885 

 

 

1,735 

 

 

193 

 

 

59 

Net periodic benefit expense

$

8,873 

 

 

8,111 

 

 

2,192 

 

 

1,990 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30,

 

Pension Benefits

 

Other Postretirement Benefits

(Thousands of dollars)

 

2015

 

 

2014

 

2015

 

2014

Service cost

$

15,751 

 

 

19,048 

 

 

2,482 

 

 

2,016 

Interest cost

 

24,893 

 

 

24,707 

 

 

3,576 

 

 

3,833 

Expected return on plan assets

 

(27,882)

 

 

(25,514)

 

 

– 

 

 

– 

Amortization of prior service cost

 

580 

 

 

680 

 

 

(62)

 

 

(61)

Amortization of transitional asset

 

947 

 

 

628 

 

 

 

 

Recognized actuarial loss

 

11,667 

 

 

5,201 

 

 

578 

 

 

177 

 

 

25,956 

 

 

24,750 

 

 

6,579 

 

 

5,969 

Special termination benefits

 

8,606 

 

 

– 

 

 

– 

 

 

– 

Curtailments

 

306 

 

 

– 

 

 

– 

 

 

– 

Net periodic benefit expense

$

34,868 

 

 

24,750 

 

 

6,579 

 

 

5,969