XML 34 R21.htm IDEA: XBRL DOCUMENT v3.19.2
EMPLOYEE BENEFIT PLANS
6 Months Ended
Jun. 30, 2019
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS EMPLOYEE BENEFIT PLANS

Components of net pension expense were as follows:
 
Three months ended June 30,
 
Six months ended June 30,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
Pension Benefits
 
 
 
 
 
 
 
Company-administered plans:
 
 
 
 
 
 
 
Service cost
$
2,783

 
3,095

 
$
5,815

 
6,296

Interest cost
21,395

 
19,098

 
42,864

 
38,850

Expected return on plan assets
(22,589
)
 
(25,065
)
 
(45,265
)
 
(50,899
)
Amortization of:
 
 
 
 
 
 
 
Net actuarial loss
7,432

 
6,914

 
15,042

 
14,286

Prior service cost
187

 
144

 
366

 
289

 
9,208

 
4,186

 
18,822

 
8,822

Union-administered plans
2,701

 
2,524

 
5,158

 
4,870

Net pension expense
$
11,909

 
6,710

 
$
23,980

 
13,692

 
 
 
 
 
 
 
 
Company-administered plans:
 
 
 
 
 
 
 
U.S.
$
10,659

 
6,665

 
$
22,132

 
14,022

Non-U.S.
(1,451
)
 
(2,479
)
 
(3,310
)
 
(5,200
)
 
9,208

 
4,186

 
18,822

 
8,822

Union-administered plans
2,701

 
2,524

 
5,158

 
4,870

Net pension expense
$
11,909

 
6,710

 
$
23,980

 
13,692



During the six months ended June 30, 2019, we contributed $16 million to our pension plans. In 2019, the expected total contributions to our pension plans are approximately $34 million. We also maintain other postretirement benefit plans that are not reflected in the above table. The amount of postretirement benefit expense was not material for the three and six months ended June 30, 2019 and 2018.