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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   

Pension Benefits

 

 

For the three months ended

 

For the nine months ended

 

 

September 30,

 

September 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2014

 

2013

($ in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic pension benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

9,170 

 

$

12,141 

 

$

29,050 

 

$

37,809 

Interest cost on projected benefit obligation

 

 

18,997 

 

 

18,827 

 

 

58,645 

 

 

56,587 

Expected return on plan assets

 

 

(23,195)

 

 

(23,585)

 

 

(70,219)

 

 

(72,765)

Amortization of prior service cost /(credit)

 

 

11 

 

 

 

 

33 

 

 

Amortization of unrecognized loss

 

 

4,398 

 

 

10,798 

 

 

14,036 

 

 

30,942 

Net periodic pension benefit cost

 

 

9,381 

 

 

18,183 

 

 

31,545 

 

 

52,579 

Pension settlement costs

 

 

 -

 

 

40,309 

 

 

 -

 

 

40,309 

Total periodic pension benefit cost

 

$

9,381 

 

$

58,492 

 

$

31,545 

 

$

92,888 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Postretirement Benefits

 

 

   Other Than Pensions (OPEB)

 

 

For the three months ended

 

For the nine months ended

 

 

September 30,

 

September 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2014

 

2013

($ in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic postretirement benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

2,408 

 

$

3,088 

 

$

7,514 

 

$

9,446 

Interest cost on projected benefit obligation

 

 

5,470 

 

 

4,181 

 

 

15,046 

 

 

13,061 

Expected return on plan assets

 

 

(23)

 

 

(25)

 

 

(37)

 

 

(111)

Amortization of prior service cost/(credit)

 

 

(890)

 

 

(1,526)

 

 

(2,670)

 

 

(4,576)

Amortization of unrecognized loss

 

 

449 

 

 

1,695 

 

 

1,893 

 

 

6,151 

Net periodic postretirement benefit cost

 

$

7,414 

 

$

7,413 

 

$

21,746 

 

$

23,971