Pension And Other Postretirement Benefit Plans

9 Months Ended

Dec. 31, 2012

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

The Company has several defined benefit pension plans covering U.S. salaried employees and certain foreign and other employee groups. These plans provide retirement benefits based primarily on employee compensation and years of service. The Company also provides postretirement health and life insurance benefits for eligible U.S. employees attaining specific age and service levels.

The components of the Company’s net periodic benefit cost were as follows:

	Pension Benefits						Other Postretirement Benefits
	Three Months Ended December 31,						Three Months Ended December 31,
(in thousands of dollars)	2012			2011			2012			2011
Service cost	$	1,229		$	891		$	151		$	188
Interest cost	3,174			3,413			582			578
Expected return on plan assets	(3,544		)	(3,700		)	(31		)	(33		)
Settlement costs	1,975			—			—			—
Net amortization and deferral	2,522			2,384			56			(58		)
Net periodic benefit cost	$	5,356		$	2,988		$	758		$	675

	Pension Benefits						Other Postretirement Benefits
	Nine Months Ended December 31,						Nine Months Ended December 31,
(in thousands of dollars)	2012			2011			2012			2011
Service cost	$	3,499		$	3,455		$	445		$	566
Interest cost	9,493			10,250			1,727			1,734
Expected return on plan assets	(10,238		)	(11,055		)	(93		)	(101		)
Settlement costs	3,304			—			—			—
Net amortization and deferral	7,886			5,061			156			(175		)
Net periodic benefit cost	$	13,944		$	7,711		$	2,235		$	2,024

During the nine months ended December 31, 2012, the Company made contributions of approximately $11.4 million to its pension plans. Additional contributions of approximately $3.6 million are expected during the remaining three months of fiscal year 2013, including $2.6 million to the Company's ERISA-regulated U.S. plan and $1.0 million to its non-ERISA regulated and other plans.