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Pension Plans and Other Postretirement Benefits (Tables)
6 Months Ended
Jun. 30, 2013
Domestic and Foreign Pension and Postretirement Defined Benefit Plans

The following information is provided for domestic and foreign pension and postretirement defined benefit plans:

 

     Three Months Ended     Six Months Ended  
     June 30,     June 30,  
     2013     2012     2013     2012  
     (In thousands)  

Net Periodic Pension Benefit Cost (Credit):

        

Service cost

   $ 3,332      $ 3,044      $ 6,974      $ 6,217   

Interest cost

     7,715        7,982        14,933        16,193   

Expected return on assets

     (9,821     (11,649     (19,693     (23,279

Actuarial gain(a)

     —          (5,840     —          (5,840

Amortization of prior service benefit

     (295     (225     (344     (486
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net periodic pension benefit cost (credit)

   $ 931      $ (6,688   $ 1,870      $ (7,195
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Periodic Postretirement Benefit Cost (Credit):

        

Service cost

   $ 71      $ 87      $ 154      $ 137   

Interest cost

     694        736        1,382        1,586   

Expected return on assets

     (103     (119     (206     (244

Actuarial gain(a)

     —          (4,439     —          (4,439

Amortization of prior service benefit

     (23     (23     (48     (48
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net periodic postretirement benefit cost (credit)

   $ 639      $ (3,758   $ 1,282      $ (3,008
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net periodic pension and postretirement benefit cost (credit)

   $ 1,570      $ (10,446   $ 3,152      $ (10,203
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(a) In the second quarter of 2013, we identified that our consolidated statements of income for the three-month and six-month periods ended June 30, 2012 included a correction of $10.3 million for pension and OPEB plan actuarial gains that related to 2011. This amount was deemed to be not material with respect to our financial statements for the year ended December 31, 2012 and any prior period financial statements.