XML 28 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Net Periodic Benefit Cost
 6 Months Ended
Jun. 30, 2018
Retirement Benefits [Abstract]  
NET PERIODIC BENEFIT COST
NET PERIODIC BENEFIT COST
Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the three months ended June 30:
 
U.S. Pension Benefits
 
Non-U.S. Pension Benefits
 
Other U.S. Post-retirement Benefits
 
Total
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Service cost, net
$
272

 
$
141

 
$
3,744

 
$
3,952

 
$
—

 
$
—

 
4,016

 
4,093

Interest cost on projected benefit obligations
1,061

 
1,094

 
2,131

 
2,053

 
16

 
18

 
3,208

 
3,165

Expected return on plan assets
(1,732
)
 
(1,684
)
 
(7,688
)
 
(7,629
)
 
—

 
—

 
(9,420
)
 
(9,313
)
Recognition of prior service cost
—

 
—

 
(1,727
)
 
(974
)
 
(93
)
 
(195
)
 
(1,820
)
 
(1,169
)
Recognition of actuarial losses/(gains)
1,451

 
1,639

 
5,369

 
5,058

 
(313
)
 
(474
)
 
6,507

 
6,223

Net periodic pension cost/(credit)
$
1,052

 
$
1,190

 
$
1,829

 
$
2,460

 
$
(390
)
 
$
(651
)
 
$
2,491

 
$
2,999



Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the six months ended June 30:
 
U.S. Pension Benefits
 
Non-U.S. Pension Benefits
 
Other U.S. Post-retirement Benefits
 
Total
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Service cost, net
$
544

 
$
282

 
$
7,664

 
$
7,976

 
$
—

 
$
—

 
8,208

 
8,258

Interest cost on projected benefit obligations
2,122

 
2,188

 
4,354

 
4,122

 
32

 
36

 
6,508

 
6,346

Expected return on plan assets
(3,464
)
 
(3,368
)
 
(15,675
)
 
(15,014
)
 
—

 
—

 
(19,139
)
 
(18,382
)
Recognition of prior service cost
—

 
—

 
(3,521
)
 
(2,797
)
 
(186
)
 
(390
)
 
(3,707
)
 
(3,187
)
Recognition of actuarial losses/(gains)
2,902

 
3,278

 
10,929

 
10,950

 
(626
)
 
(948
)
 
13,205

 
13,280

Net periodic pension cost/(credit)
$
2,104

 
$
2,380

 
$
3,751

 
$
5,237

 
$
(780
)
 
$
(1,302
)
 
$
5,075

 
$
6,315



As previously disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2017, the Company expects to make employer contributions of approximately $25.9 million to its non-U.S. pension plans during the year ended December 31, 2018. This estimate may change based upon several factors, including fluctuations in currency exchange rates, actual returns on plan assets and changes in legal requirements.