Pension And Other Postretirement Benefit Plans

3 Months Ended

Jun. 30, 2013

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 sponsors 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 sponsors defined benefits plans that provide 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 June 30,						Three Months Ended June 30,
(in thousands of dollars)	2013			2012			2013			2012
Service cost	$	1,195		$	1,224		$	138		$	148
Interest cost	2,857			3,166			532			576
Expected return on plan assets	(3,542		)	(3,497		)	(30		)	(31		)
Net amortization and deferral	2,447			2,518			(17		)	52
Net periodic benefit cost	$	2,957		$	3,411		$	623		$	745

During the three months ended June 30, 2013, the Company made contributions of approximately $4.4 million to its pension plans. Additional contributions of approximately $8.5 million are expected during the remaining nine months of fiscal year 2014, including $7.6 million to the Company's ERISA-regulated U.S. plan and $0.9 million to its non-ERISA regulated and other plans.