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Pension Plans And Other Postretirement Benefits (Tables)
12 Months Ended
Dec. 31, 2011
Defined Benefit Plan Disclosure [Line Items]  
Schedule Of Financial Assets Accounted For At Fair Value On Recurring Basis
     December 31,
2011
     Quoted Prices in
Active Markets
for Identical
Items
(Level 1)
     Quoted Prices in
Active Markets
for Similar
Items
(Level 2)
     Unobservable
Inputs
(Level 3)
 

Pension Assets:

           

Domestic Equity(a)

   $ 229,842       $ 173,710       $ 56,132       $ —     

International Equity(b)

     90,056         —           90,056         —     

Fixed Income(c)

     129,608         46,308         83,300         —     

Absolute Return(d)

     78,432         5,407         —           73,025   

Cash

     3,167         3,167         —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Pension Assets

   $ 531,105       $ 228,592       $ 229,488       $ 73,025   
  

 

 

    

 

 

    

 

 

    

 

 

 

Postretirement Assets:

           

Fixed Income(c)

   $ 7,681       $ —         $ 7,681       $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a) Consists primarily of U.S. equity securities covering a diverse group of companies and U.S. stock funds that primarily track or are actively managed and measured against indices including the S&P 500 and the Russell 2000.
(b) Consists primarily of international equity funds which include stocks and debt obligations of non-U.S. entities that primarily track or are actively managed and measured against various MSCI indices.
(c) Consists primarily of fixed income mutual funds, corporate bonds, U.S. Treasury notes, other government securities and insurance policies.
(d) Consists primarily of holdings in private investment companies. See additional information about the Absolute Return investments below.
     December 31,
2010
     Quoted Prices in
Active Markets
for Identical
Items
(Level 1)
     Quoted Prices in
Active Markets
for Similar
Items
(Level 2)
     Unobservable
Inputs
(Level 3)
 

Pension Assets:

           

Domestic Equity(a)(e)

   $ 233,788       $ 173,079       $ 60,709       $   

International Equity(b)

     91,239                 91,239           

Fixed Income(c)

     108,471         38,859         69,612           

Absolute Return(d)(e)

     70,520         1,121                 69,399   

Cash

     3,046         3,046                   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Pension Assets

   $ 507,064       $ 216,105       $ 221,560       $ 69,399   
  

 

 

    

 

 

    

 

 

    

 

 

 

Postretirement Assets:

           

Fixed Income(c)

   $ 7,985       $       $ 7,985       $   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a) Consists primarily of U.S. equity securities covering a diverse group of companies and U.S. stock funds that primarily track or are actively managed and measured against indices including the S&P 500 and the Russell 2000.
(b) Consists primarily of international equity funds which include stocks and debt obligations of non-U.S. entities that primarily track or are actively managed and measured against various MSCI indices.
(c) Consists primarily of fixed income mutual funds, corporate bonds, U.S. Treasury notes, other government securities and insurance policies.
(d) Consists primarily of holdings in private investment companies. See additional information about the Absolute Return investments below.
(e) In 2011, amounts were reclassified from Absolute Return to Domestic Equity, levels 1 and 2 only. These reclassifications had no impact on total pension assets by level.
Schedule Of Changes In The Fair Value Of The Plans' Level 3 Assets

The table below sets forth a summary of changes in the fair value of the plans' Level 3 assets for the year ended December 31, 2011 (in thousands):

 

Absolute Return:    Year Ended
December 31,
2011
 

Beginning Balance

   $ 69,399   

Total gains relating to assets sold during the period(a)

     4,471   

Total unrealized gains relating to assets still held at the reporting
date
(a)

     (6,367

Purchases

     25,000   

Sales

     (19,478
  

 

 

 

Ending Balance

   $ 73,025   
  

 

 

 

 

(a) These gains (losses) are recognized in the consolidated balance sheets and are included as changes in plan assets in the tables above.

The table below sets forth a summary of changes in the fair value of the plans' Level 3 assets for the year ended December 31, 2010 (in thousands):

 

Absolute Return:    Year Ended
December 31,
2010
 

Beginning Balance

   $ 65,902   

Total gains relating to assets sold during the period(a)

     79   

Total unrealized gains relating to assets still held at the reporting
date
(a)

     4,537   

Sales

     (1,119
  

 

 

 

Ending Balance

   $ 69,399   
  

 

 

 

 

(a) These gains are recognized in the consolidated balance sheets and are included as changes in plan assets in the tables above.
Schedule Of Expected Benefit Payments
     Total
Pension 
Benefits
     Domestic
Pension 
Benefits
     Total
Postretirement
Benefits
 

2012

   $ 47.9       $ 46.0       $ 5.1   

2013

   $ 38.0       $ 35.2       $ 5.2   

2014

   $ 39.5       $ 36.6       $ 5.3   

2015

   $ 39.9       $ 38.0       $ 5.3   

2016

   $ 40.8       $ 39.2       $ 5.3   

2017-2021

   $ 235.1       $ 222.6       $ 23.5   
Pension Benefits [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule Of Reconciliation Of Benefit Obligations, Plan Assets And Funded Status Of The Plans
Schedule Of Components Of Pension And Postretirement Benefits Expense
     Year Ended
December 31, 2011
    Year Ended
December 31, 2010
    Year Ended
December 31, 2009
 
     Total
Pension
Benefits
    Domestic
Pension
Benefits
    Total
Pension
Benefits
    Domestic
Pension
Benefits
    Total
Pension
Benefits
    Domestic
Pension
Benefits
 

Service cost

   $ 12,830      $ 11,169      $ 11,271      $ 9,577      $ 10,568      $ 8,544   

Interest cost

     32,933        30,945        31,844        29,934        32,967        30,608   

Expected return on assets

     (48,645     (48,235     (41,941     (41,630     (42,341     (42,080

Amortization of net transition asset

     —          —          (9     (9     (10     (10

Amortization of prior service benefit

     (953     (1,009     (986     (1,038     (984     (1,039

Amortization of net loss

     26,137        24,934        17,410        16,222        12,348        11,440   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Benefits expense

   $ 22,302      $ 17,804      $ 17,589      $ 13,056      $ 12,548      $ 7,463   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average assumption percentages:

            

Discount rate

     5.40     5.45     5.77     5.86     6.45     6.50

Expected return on plan assets

     8.19     8.25     8.19     8.25     8.69     8.75

Rate of compensation increase

     3.93     4.11     3.90     4.11     4.11     4.33
Schedule Of Estimated Amounts To Be Amortized From Accumulated Other Comprehensive Loss Into Net Periodic Benefit Costs
     Total
Pension
Benefits
    Domestic
Pension
Benefits
 

Amortization of prior service benefit

   $ (1,027   $ (1,084

Amortization of net actuarial loss

   $ 36,635      $ 35,228   
Other Postretirement Benefits [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule Of Reconciliation Of Benefit Obligations, Plan Assets And Funded Status Of The Plans
Schedule Of Components Of Pension And Postretirement Benefits Expense
     Year Ended December 31,  
     2011     2010     2009  
     Total Other
Postretirement
Benefits
    Total Other
Postretirement
Benefits
    Total Other
Postretirement
Benefits
 

Service cost

   $ 263      $ 382      $ 438   

Interest cost

     3,393        3,564        3,769   

Expected return on assets

     (509     (526     (571

Amortization of prior service benefit

     (697     (1,704     (7,572

Amortization of net loss

     2,409        1,688        1,096   
  

 

 

   

 

 

   

 

 

 

Benefits expense (income)

   $ 4,859      $ 3,404      $ (2,840
  

 

 

   

 

 

   

 

 

 

Weighted-average assumption percentages:

      

Discount rate

     5.30     5.70     6.55

Expected return on plan assets

     7.00     7.00     7.00

Rate of compensation increase

     4.00     4.00     4.25
Schedule Of Estimated Amounts To Be Amortized From Accumulated Other Comprehensive Loss Into Net Periodic Benefit Costs
     Total Other
Postretirement
Benefits
 

Amortization of prior service benefit

   $ (95

Amortization of net actuarial loss

   $ 2,576