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PENSION AND OTHER POSTRETIREMENT PLANS (Note)
 3 Months Ended
Mar. 03, 2012
Compensation and Retirement Disclosure [Abstract]  
PENSION AND OTHER POSTRETIREMENT PLANS
PENSION AND OTHER POSTRETIREMENT PLANS
 
The Company provides various retirement benefits, including defined benefit plans and postretirement healthcare plans covering certain current and retired employees in the U.S. and abroad.  During the first quarter of 2011, the Company recorded settlement costs in connection with the retirement of one of its former executive officers. Components of net periodic benefit cost and Company contributions for these plans were as follows:

 
 
Three Months Ended
 
 
March 3,
2012
 
February 26,
2011
Pension Benefits:
 
 
 
 
Components of net periodic benefit cost (income):
 
 
 
 
Service cost
 
$
530

 
$
492

Interest cost
 
1,979

 
2,010

Expected return on plan assets
 
(2,103
)
 
(1,920
)
Settlement cost
 
—

 
1,368

Amortization of unrecognized:
 
 
 
 
Prior service cost
 
(3
)
 
(99
)
Net actuarial loss (gain)
 
1,909

 
1,157

Net periodic benefit cost (income)
 
$
2,312

 
$
3,008

 
 
 
 
 
Cash contributions
 
$
13,353

 
$
2,038

 
 
 
 
 
Postretirement Healthcare Benefits:
 
 
 
 
Components of net periodic benefit cost (income):
 
 
 
 
Interest cost
 
$
4

 
$
6

Amortization of unrecognized:
 
 
 
 
Prior service cost
 
(31
)
 
(31
)
Net actuarial loss (gain)
 
(30
)
 
(32
)
Net periodic benefit cost (income)
 
$
(57
)
 
$
(57
)
 
 
 
 
 
Cash contributions
 
$
25

 
$
30

 

The Company’s policy is to contribute to its qualified U.S. and non-U.S. pension plans at least the minimum amount required by applicable laws and regulations, to contribute to the U.S. combined nonqualified plans when required for benefit payments, and to contribute to the postretirement healthcare benefit plan an amount equal to the benefit payments.  The Company, from time to time, makes voluntary contributions in excess of the minimum amount required as economic conditions warrant. The Company expects to contribute up to the following amounts to its various plans to pay benefits during 2012.

U.S. Qualified Plans
$
18,968

U.S. Combined Nonqualified Plans
219

Non-U.S. Plan
415

Postretirement Healthcare Benefit Plan
99

Total expected contributions
$
19,701


During the three months ended March 3, 2012, the Company contributed $13,378 to its various plans. In addition to the plan assets related to its qualified plans, the Company has also funded $1,149 and $1,131 at March 3, 2012 and December 3, 2011, respectively, into a restricted trust for its U.S. combined nonqualified plans (see Note 6).  This trust is included in Other noncurrent assets in the Consolidated Condensed Balance Sheets.