XML 57 R41.htm IDEA: XBRL DOCUMENT v3.6.0.2
Postretirement Benefits Other Than Pensions (Tables)
12 Months Ended
Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Postretirement Benefit Plans
The following table discloses information related to the Company’s postretirement benefit plans:
 
 
 Year Ended December 31,
 
2016
 
2015
 
 U.S.
 
 Non-U.S.
 
 U.S.
 
 Non-U.S.
Change in benefit obligation:
 
 
 
 
 
 
 
Benefit obligations at beginning of year
$
33,955

 
$
16,455

 
$
37,753

 
$
19,487

Service cost
361

 
372

 
434

 
380

Interest cost
1,383

 
678

 
1,411

 
678

Actuarial loss (gain)
112

 
926

 
(3,937
)
 
(266
)
Benefits paid
(1,939
)
 
(601
)
 
(1,731
)
 
(595
)
Other
5

 

 
25

 

Foreign currency exchange rate effect

 
520

 

 
(3,229
)
Benefit obligation at end of year
$
33,877

 
$
18,350

 
$
33,955

 
$
16,455

 
 
 
 
 
 
 
 
Funded status of the plan
$
(33,877
)
 
$
(18,350
)
 
$
(33,955
)
 
$
(16,455
)
 
 
 
 
 
 
 
 
Net amount recognized as of December 31
$
(33,877
)
 
$
(18,350
)
 
$
(33,955
)
 
$
(16,455
)
Schedule of Weighted Average Assumptions Used to Determine Benefit Obligations
The following table provides weighted average assumptions used to determine benefit obligations as of December 31, 2016 and 2015:
 
2016
 
2015
 
 U.S.
 
 Non-U.S.
 
 U.S.
 
 Non-U.S.
Discount rate
3.95
%
 
3.70
%
 
4.20
%
 
4.00
%
Schedule of Weighted Average Assumptions Used to Determine Net Periodic Benefit Costs
The following table provides weighted average assumptions used to determine net periodic benefit costs for the years ended December 31, 2016, 2015 and 2014:
 
 
2016
 
2015
 
2014
 
 U.S.
 
 Non-U.S.
 
 U.S.
 
 Non-U.S.
 
 U.S.
 
 Non-U.S.
Discount rate
4.20
%
 
4.00
%
 
3.85
%
 
3.90
%
 
4.60
%
 
4.70
%
Schedule of Weighted Average Assumed Annual Rate of Increase in Cost of Health Care Benefits
A one-percentage point change in the assumed health care cost trend rate would have had the following effects:
 
Increase    
 
Decrease    
Effect on service and interest cost components
$
217

 
$
(173
)
Effect on projected benefit obligations
3,268

 
(2,647
)
Estimated Benefit Payments for Domestic and Foreign Pension Plans
The Company estimates its benefit payments for its domestic and foreign pension plans during the next ten years to be as follows: 
Years Ending December 31,
 U.S
 
 Non-U.S
 
 Total
2017
$
20,917

 
$
6,290

 
$
27,207

2018
18,575

 
7,205

 
25,780

2019
18,821

 
7,703

 
26,524

2020
19,016

 
7,328

 
26,344

2021
19,108

 
8,247

 
27,355

2022-2026
95,845

 
49,923

 
145,768

Other Postretirement Benefit Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Components of Net Periodic Benefit Cost
The following table provides the components of net periodic benefit costs for the plans:
 
 Year Ended December 31,
 
2016
 
2015
 
2014
 
 U.S.
 
 Non-U.S.
 
 U.S.
 
 Non-U.S.
 
 U.S.
 
 Non-U.S.
Service cost
$
361

 
$
372

 
$
434

 
$
380

 
$
422

 
$
545

Interest cost
1,383

 
678

 
1,411

 
678

 
1,589

 
752

Amortization of prior service credit and recognized actuarial gain
(2,026
)
 
(62
)
 
(1,584
)
 
(20
)
 
(1,926
)
 
(286
)
Other
5

 

 
25

 

 
25

 

Net periodic benefit (income) cost
$
(277
)
 
$
988

 
$
286

 
$
1,038

 
$
110

 
$
1,011

Estimated Benefit Payments for Domestic and Foreign Pension Plans
The Company estimates its benefit payments for its postretirement benefit plans during the next ten years to be as follows:
 
U.S.    
 
Non-U.S.    
 
Total      
2017
$
2,087

 
$
558

 
$
2,645

2018
2,158

 
559

 
2,717

2019
2,216

 
602

 
2,818

2020
2,235

 
649

 
2,884

2021
2,259

 
698

 
2,957

2022 - 2026
11,364

 
4,173

 
15,537