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Pension and Postretirement Benefits
3 Months Ended
Mar. 31, 2017
Compensation And Retirement Disclosure [Abstract]  
Pension and Postretirement Benefits

7.

Pension and Postretirement Benefits

The estimated components of the recorded net periodic benefit cost (credit) for pension and postretirement benefits are as follows:

 

 

 

Three Months Ended March 31,

 

 

 

Pension

 

 

Postretirement Benefits

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

 

(Dollars in Thousands)

 

Service cost

 

$

6,572

 

 

$

5,507

 

 

$

24

 

 

$

34

 

Interest cost

 

 

9,008

 

 

 

8,871

 

 

 

185

 

 

 

238

 

Expected return on assets

 

 

(9,936

)

 

 

(9,434

)

 

 

 

 

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost (credit)

 

 

78

 

 

 

88

 

 

 

(435

)

 

 

(462

)

Actuarial loss (gain)

 

 

3,524

 

 

 

2,831

 

 

 

(72

)

 

 

(99

)

Settlement charge

 

 

 

 

 

59

 

 

 

 

 

 

 

Special termination benefit

 

 

 

 

 

126

 

 

 

 

 

 

 

Net periodic benefit cost (credit)

 

$

9,246

 

 

$

8,048

 

 

$

(298

)

 

$

(289

)

 

The components of net periodic benefit cost (credit), other than the service cost component, are included in the line item Other nonoperating (income) and expenses, net, in the Consolidated Statements of Earnings and Comprehensive Earnings.