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Pension and Other Postretirement Benefits (Tables)
9 Months Ended
Sep. 30, 2019
Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]  
Components of Net Periodic Benefit Cost The components of net periodic benefit cost were as follows:

 

 

Third quarter ended

September 30,

 

 

Nine months ended

September 30,

 

Pension benefits

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Service cost

 

$

12

 

 

$

13

 

 

$

36

 

 

$

41

 

Interest cost(1)

 

 

55

 

 

 

56

 

 

 

167

 

 

 

170

 

Expected return on plan assets(1)

 

 

(81

)

 

 

(84

)

 

 

(244

)

 

 

(256

)

Recognized net actuarial loss(1)

 

 

43

 

 

 

47

 

 

 

127

 

 

 

154

 

Amortization of prior service cost(1)

 

 

1

 

 

 

2

 

 

 

4

 

 

 

6

 

Settlements(2)

 

 

5

 

 

 

232

 

 

 

5

 

 

 

399

 

Curtailments(2)

 

 

 

 

 

 

 

 

38

 

 

 

5

 

Net periodic benefit cost

 

$

35

 

 

$

266

 

 

$

133

 

 

$

519

 

 

 

 

 

Third quarter ended

September 30,

 

 

Nine months ended

September 30,

 

Other postretirement benefits

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Service cost

 

$

1

 

 

$

2

 

 

$

3

 

 

$

4

 

Interest cost(1)

 

 

10

 

 

 

8

 

 

 

28

 

 

 

26

 

Recognized net actuarial loss(1)

 

 

2

 

 

 

3

 

 

 

7

 

 

 

10

 

Amortization of prior service benefit(1)

 

 

 

 

 

 

 

 

 

 

 

(1

)

Settlements(2)

 

 

 

 

 

(56

)

 

 

 

 

 

(56

)

Curtailments(2)

 

 

 

 

 

 

 

 

 

 

 

(28

)

Net periodic benefit cost

 

$

13

 

 

$

(43

)

 

$

38

 

 

$

(45

)

 

(1)

These amounts were reported in Other expenses, net on the accompanying Statement of Consolidated Operations (see Note N).

(2)

These amounts were reported in Restructuring and other charges, net on the accompanying Statements of Consolidated Operations (see Note C) and of Cash Flows.

Summary of Information in Curtailment or Settlement of Benefits Requiring Remeasurement, Update to Discount Rates Used to Determine Benefit Obligations of Affected Plans The following table presents certain information and the financial impacts of these actions on the accompanying Consolidated Financial Statements:

Action#

 

Number of

affected

plan

participants

 

Weighted

average

discount

rate as of

December 31,

2018

 

 

Plan

remeasurement

date

 

Weighted

average

discount rate

as of plan

remeasurement

date

 

 

Increase to

accrued

pension

benefits

liability

 

 

Curtailment

charge(1)

 

1

 

~700

 

3.85%

 

 

May 31, 2019

 

3.15%

 

 

$

52

 

 

$

38

 

2

 

~900

 

3.80%

 

 

June 30, 2019

 

3.00%

 

 

$

23

 

 

$

 

 

(1)

These amounts represent the accelerated amortization of a portion of the existing prior service cost and was reclassified from Accumulated other comprehensive loss to Restructuring and other charges, net (see Note C) on the accompanying Statement of Consolidated Operations.