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Retirement Plans (Tables)
6 Months Ended
Jun. 30, 2014
Retirement Plans [Abstract]  
Net Periodic Benefit Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   

Pension Benefits

 

 

For the three months ended

 

For the six months ended

 

 

June 30,

 

June 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2014

 

2013

($ in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic pension benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

9,940 

 

$

12,834 

 

$

19,880 

 

$

25,668 

Interest cost on projected benefit obligation

 

 

19,824 

 

 

18,880 

 

 

39,648 

 

 

37,760 

Expected return on plan assets

 

 

(23,512)

 

 

(24,590)

 

 

(47,024)

 

 

(49,180)

Amortization of prior service cost /(credit)

 

 

11 

 

 

 

 

22 

 

 

Amortization of unrecognized loss

 

 

4,819 

 

 

10,072 

 

 

9,638 

 

 

20,144 

Net periodic pension benefit cost

 

$

11,082 

 

$

17,198 

 

$

22,164 

 

$

34,396 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Postretirement Benefits

 

 

   Other Than Pensions (OPEB)

 

 

For the three months ended

 

For the six months ended

 

 

June 30,

 

June 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2014

 

2013

($ in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic postretirement benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

2,553 

 

$

3,179 

 

$

5,106 

 

$

6,358 

Interest cost on projected benefit obligation

 

 

4,788 

 

 

4,440 

 

 

9,576 

 

 

8,880 

Expected return on plan assets

 

 

(7)

 

 

(43)

 

 

(14)

 

 

(86)

Amortization of prior service cost/(credit)

 

 

(890)

 

 

(1,525)

 

 

(1,780)

 

 

(3,050)

Amortization of unrecognized loss

 

 

722 

 

 

2,228 

 

 

1,444 

 

 

4,456 

Net periodic postretirement benefit cost

 

$

7,166 

 

$

8,279 

 

$

14,332 

 

$

16,558