XML 34 R18.htm IDEA: XBRL DOCUMENT v3.19.1
Pension Plans and Other Postretirement Benefits
3 Months Ended
Mar. 31, 2019
Retirement Benefits [Abstract]  
Pension Plans and Other Postretirement Benefits Pension Plans and Other Postretirement Benefits:
The components of pension and postretirement benefits cost (credit) for the three-month periods ended March 31, 2019 and 2018 were as follows (in thousands):
 
Three Months Ended 
 March 31,
 
2019
 
2018
Pension Benefits Cost (Credit):
 
 
 
Service cost
$
1,130

 
$
1,268

Interest cost
8,320

 
8,027

Expected return on assets
(9,452
)
 
(10,764
)
Amortization of prior service benefit
6

 
22

Total net pension benefits cost (credit)
$
4

 
$
(1,447
)
Postretirement Benefits Cost (Credit):
 
 
 
Service cost
$
24

 
$
29

Interest cost
549

 
542

Expected return on assets

 
(2
)
Amortization of prior service benefit

 
(12
)
Total net postretirement benefits cost
$
573

 
$
557

Total net pension and postretirement benefits cost (credit)
$
577

 
$
(890
)

All components of net benefit cost (credit), other than service cost, are included in Other income (expenses), net on the consolidated statements of income.
During the three-month periods ended March 31, 2019 and 2018, we made contributions of $2.7 million and $3.1 million, respectively, to our qualified and nonqualified pension plans.
We paid $0.9 million and $0.5 million in premiums to the U.S. postretirement benefit plan during the three-month periods ended March 31, 2019 and 2018, respectively.