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Employee and Retiree Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2017
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)

 

2017

 

 

2016

 

2017

 

2016

Service cost

$

2,030 

 

 

2,770 

 

 

424 

 

 

675 

Interest cost

 

6,287 

 

 

8,865 

 

 

967 

 

 

1,107 

Expected return on plan assets

 

(6,475)

 

 

(9,698)

 

 

– 

 

 

– 

Amortization of prior service cost (credit)

 

254 

 

 

321 

 

 

(19)

 

 

(20)

Amortization of transitional asset

 

– 

 

 

– 

 

 

– 

 

 

Recognized actuarial loss

 

3,509 

 

 

3,718 

 

 

– 

 

 

36 

Net periodic benefit expense

$

5,605 

 

 

5,976 

 

 

1,372 

 

 

1,800 



 

 

 

 

 

 

 

 

 

 

 



Six Months Ended June 30,



Pension Benefits

 

Other Postretirement Benefits

(Thousands of dollars)

 

2017

 

 

2016

 

2017

 

2016

Service cost

$

4,062 

 

 

5,923 

 

 

849 

 

 

1,348 

Interest cost

 

13,006 

 

 

14,473 

 

 

1,933 

 

 

2,215 

Expected return on plan assets

 

(13,660)

 

 

(15,083)

 

 

– 

 

 

– 

Amortization of prior service cost (credit)

 

508 

 

 

640 

 

 

(37)

 

 

(41)

Amortization of transitional asset

 

– 

 

 

– 

 

 

– 

 

 

Recognized actuarial loss

 

7,063 

 

 

7,247 

 

 

– 

 

 

75 

Curtailments

 

– 

 

 

822 

 

 

– 

 

 

(19)

Net periodic benefit expense

$

10,979 

 

 

14,022 

 

 

2,745 

 

 

3,580