EMPLOYEE BENEFITS (Tables)

6 Months Ended

Jul. 01, 2018

EMPLOYEE BENEFITS

Schedule of elements of retirement expense

	Quarters Ended				Six Months Ended
	July 1,		June 25,		July 1,		June 25,
(in thousands)	2018		2017		2018		2017
Pension plans:
Interest Cost		19,789		21,367	$	39,577	$	42,734
Expected return on plan assets		(22,624)		(22,393)		(45,248)		(44,785)
Actuarial loss		6,296		5,084		12,591		10,168
Net pension expense		3,461		4,058		6,920		8,117
Net post-retirement benefit credit		(682)		(730)		(1,363)		(1,462)
Net retirement benefit expenses	$	2,779	$	3,328	$	5,557	$	6,655