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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]  
Changes In The Projected Benefit Obligation, The Fair Value Of Plan Assets And The Determination Of The Amounts Recognized
(Dollars in thousands)
 
Qualified Pension Plans
 
Non-Qualified Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Change in projected benefit obligation:
 
 
 
 
 
 
 
 
Projected benefit obligation at beginning of year
 
$
1,680,603

 
$
1,526,136

 
$
78,218

 
$
76,229

Interest cost on projected benefit obligation
 
70,022

 
70,168

 
3,213

 
3,438

Plan amendments
 
—

 
44,961

 
—

 
109

Actuarial loss (gain)
 
(177,347
)
 
85,755

 
(5,508
)
 
3,574

Benefits paid
 
(49,747
)
 
(46,417
)
 
(5,109
)
 
(5,132
)
Projected and accumulated benefit obligation
 
 
 
 
 
 
 
 
 at end of year
 
$
1,523,531

 
$
1,680,603

 
$
70,814

 
$
78,218

Change in plan assets:
 
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
 
$
1,281,261

 
$
1,105,370

 
$
—

 
$
—

Actual return on plan assets
 
152,014

 
170,886

 
—

 
—

Con-way contributions
 
55,337

 
51,422

 
5,109

 
5,132

Benefits paid
 
(49,747
)
 
(46,417
)
 
(5,109
)
 
(5,132
)
Fair value of plan assets at end of year
 
$
1,438,865

 
$
1,281,261

 
$
—

 
$
—

Funded status of the plans
 
$
(84,666
)
 
$
(399,342
)
 
$
(70,814
)
 
$
(78,218
)
Amounts recognized in the balance sheet consist of:
 
 
 
 
 
 
 
 
Long-term assets
 
$
15,018

 
$
10,951

 
$
—

 
$
—

Current liabilities
 
—

 
—

 
(5,145
)
 
(5,135
)
Long-term liabilities
 
(99,684
)
 
(410,293
)
 
(65,669
)
 
(73,083
)
Net amount recognized
 
$
(84,666
)
 
$
(399,342
)
 
$
(70,814
)
 
$
(78,218
)
Plans with a projected and accumulated benefit obligation
 
 
 
 
 
 
 
 
in excess of plan assets:
 
 
 
 
 
 
 
 
Projected and accumulated benefit obligation
 
$
1,502,541

 
$
1,657,701

 
$
70,814

 
$
78,218

Fair value of plan assets
 
1,402,857

 
1,247,409

 
—

 
—

Weighted-average assumptions as of December 31:
 
 
 
 
 
 
 
 
Discount rate
 
5.05
%
 
4.25
%
 
5.05
%
 
4.25
%
Amounts Included In Accumulated Other Comprehensive Loss That Have Not Yet Been Recognized In Net Periodic Benefit Expense
(Dollars in thousands)
 
Qualified Pension Plans
 
Non-Qualified Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Actuarial loss
 
$
(413,879
)
 
$
(670,188
)
 
$
(27,367
)
 
$
(33,993
)
Prior-service cost
 
(42,428
)
 
(45,295
)
 
(104
)
 
(109
)
 
 
$
(456,307
)
 
$
(715,483
)
 
$
(27,471
)
 
$
(34,102
)
Schedule Of Net Periodic Benefit Cost Expected In Next Fiscal Year
(Dollars in thousands)
 
Qualified Pension Plans
 
Non-Qualified Pension Plans
Reclassification of actuarial loss to net periodic benefit expense (income)
 
$
9,902

 
$
877

Reclassification of prior-service cost to net periodic benefit expense (income)
 
1,618

 
5
Components Of Net Periodic Benefit Expense (Income)
(Dollars in thousands)
 
Qualified Pension Plans
 
Non-Qualified Pension Plans
 
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
Net periodic benefit expense (income):
 
 
 
 
 
 
 
 
 
 
 
 
Interest cost on benefit obligation
 
$
70,022

 
$
70,168

 
$
71,308

 
$
3,213

 
$
3,438

 
$
3,787

Expected return on plan assets
 
(91,324
)
 
(84,411
)
 
(85,935
)
 
—

 
—

 
—

Amortization of actuarial loss
 
18,272

 
19,432

 
10,532

 
1,118

 
958

 
678

Amortization of prior-service cost
 
1,670

 
14

 
14

 
5

 
—

 
—

Curtailment loss
 
1,197

 
—

 
—

 
—

 
44

 
—

Net periodic benefit expense
 
 
 
 
 
 
 
 
 
 
 
 
(income)
 
$
(163
)
 
$
5,203

 
$
(4,081
)
 
$
4,336

 
$
4,440

 
$
4,465

Amounts recognized in other
 
 
 
 
 
 
 
 
 
 
 
 
comprehensive income or loss:
 
 
 
 
 
 
 
 
 
 
 
 
Actuarial loss (gain)
 
$
(238,037
)
 
$
(720
)
 
$
256,571

 
$
(5,508
)
 
$
3,574

 
$
7,587

Prior-service cost
 
—

 
44,961

 
—

 
—

 
109

 
—

Reclassification of actuarial loss to net
  periodic benefit expense (income)
 
(18,272
)
 
(19,432
)
 
(10,532
)
 
(1,118
)
 
(1,002
)
 
(678
)
Reclassification of prior-service cost to
  net periodic benefit expense (income)
 
(2,867
)
 
(14
)
 
(14
)
 
(5
)
 
—

 
—

Loss (gain) recognized in other
 
 
 
 
 
 
 
 
 
 
 
 
comprehensive income or loss
 
$
(259,176
)
 
$
24,795

 
$
246,025

 
$
(6,631
)
 
$
2,681

 
$
6,909

Weighted-average assumptions used to
 
 
 
 
 
 
 
 
 
 
 
 
calculate net cost:
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
 
4.25
%
 
4.65
%
 
5.55
%
 
4.25
%
 
4.65
%
 
5.55
%
Expected long-term rate of return on
 
 
 
 
 
 
 
 
 
 
 
 
plan assets
 
7.10
%
 
7.65
%
 
8.00
%
 
—
%
 
—
%
 
—
%
Expected Benefit Payments
(Dollars in thousands)
 
Qualified Pension Plans
 
Non-Qualified Pension Plans
Year ending December 31:
 

 

2014
 
$
57,616

 
$
5,144

2015
 
61,912

 
5,126

2016
 
66,313

 
5,165

2017
 
70,776

 
5,225

2018
 
75,826

 
5,209

2019-2023
 
450,408

 
25,664
Summary Of Fair Value Of Pension Plan Assets
(Dollars in thousands)
 
December 31, 2013
 
 
Total
 
Level 1
 
Level 2
 
Level 3
Cash and cash equivalents
 
 
 
 
 
 
 
 
Short-term investment fund [a]
 
$
65,100

 
$
—

 
$
65,100

 
$
—

Equity
 
 
 
 
 
 
 
 
U.S. large companies
 
 
 
 
 
 
 
 
S&P 500 futures [b]
 
3,482

 
3,482

 
—

 
—

Growth [c]
 
99,050

 
99,050

 
—

 
—

Value [c]
 
101,154

 
101,154

 
—

 
—

U.S. small companies
 
 
 
 
 
 
 
 
Value [c]
 
57,403

 
57,403

 
—

 
—

International
 
 
 
 
 
 
 
 
Growth [c]
 
91,058

 
91,058

 
—

 
—

Value fund [a]
 
94,927

 
—

 
94,927

 
—

Fixed-income securities
 
 
 
 
 
 
 
 
U.S. long-term debt instruments [d]
 
832,915

 
91,824

 
741,091

 
—

Real estate
 
 
 
 
 
 
 
 
Private fund [e]
 
40,412

 
—

 
—

 
40,412

Hedge fund
 
 
 
 
 
 
 
 
Multi-Strategy [f]
 
53,364

 
—

 
—

 
53,364

Total
 
$
1,438,865

 
$
443,971

 
$
901,118

 
$
93,776

(Dollars in thousands)
 
December 31, 2012
 
 
Total
 
Level 1
 
Level 2
 
Level 3
Cash and cash equivalents
 

 

 

 

Short-term investment fund [a]
 
$
33,569

 
$
—

 
$
33,569

 
$
—

Equity
 

 

 

 

U.S. large companies
 

 

 

 

S&P 500 index fund [a]
 
105,523

 
—

 
105,523

 
—

Growth [c]
 
96,409

 
96,409

 
—

 
—

Value [c]
 
146,501

 
146,501

 
—

 
—

U.S. small companies
 


 


 


 


Growth [c]
 
41,720

 
41,720

 
—

 
—

Value [c]
 
58,126

 
58,126

 
—

 
—

International
 


 


 


 


Growth [c]
 
84,673

 
84,673

 
—

 
—

Value fund [a]
 
92,724

 
—

 
92,724

 
—

Fixed-income securities
 


 


 


 


U.S. long-term debt instruments [d]
 
511,990

 
68,340

 
443,650

 
—

Real estate
 


 


 


 


Private fund [e]
 
36,911

 
—

 
—

 
36,911

Real estate investment trust index fund [a]
 
22,966

 
—

 
22,966

 
—

Hedge Fund
 
 
 
 
 
 
 
—

Multi-Strategy [f]
 
50,149

 
—

 
—

 
50,149

Total
 
$
1,281,261

 
$
495,769

 
$
698,432

 
$
87,060

[a]
These funds are not publicly traded and do not have readily determinable fair values. Accordingly, they are valued at their net asset value per share. The underlying investments in the funds consist primarily of publicly traded securities with quoted market prices.
[b]
Gains from S&P 500 futures held in a separately managed account.
[c]
Publicly traded equity securities are valued at their closing market prices.
[d]
U.S. government securities are valued at their quoted market price, while corporate-debt instruments are generally valued using observable bid-ask spreads or broker-provided pricing.
[e]
The fair value of the private real estate fund is based on the fair values of the underlying assets, which consist of commercial and residential properties valued using periodic appraisals. The fund maintains a redemption plan whereby redemption requests must be received in writing 45 days prior to the end of the quarter. If the fund is unable to satisfy all redemption requests, partial redemptions may be made on a prorated basis.
[f]
The fair value of the hedge fund is based on the fair value of the underlying assets, which consists of individual equities, convertible securities, futures, forward contracts, currency forwards, swaps, high-yield debt portfolios, options, other derivative instruments, and cash which are all valued monthly.
Summary Of The Change In Fair Value For Pension Assets
(Dollars in thousands)
 
Private real
estate fund
 
Hedge fund
 
Total
Balance at December 31, 2011
 
$
34,520

 
$
—

 
$
34,520

Purchases
 
—

 
50,000

 
50,000

Actual return on plan assets:
 
 
 
 
 
 
Relating to assets still held at the reporting date
 
2,391

 
149

 
2,540

Balance at December 31, 2012
 
$
36,911

 
$
50,149

 
$
87,060

Actual return on plan assets:
 
 
 
 
 
 
Relating to assets still held at the reporting date
 
3,501

 
3,215

 
6,716

Balance at December 31, 2013
 
$
40,412

 
$
53,364

 
$
93,776
Postretirement Medical Plan [Member]
  
Defined Benefit Plan Disclosure [Line Items]  
Amounts Included In Accumulated Other Comprehensive Loss That Have Not Yet Been Recognized In Net Periodic Benefit Expense
(Dollars in thousands)
 
2013
 
2012
Actuarial gain (loss)
 
$
19,537

 
$
(1,605
)
Prior-service credit
 
19,366

 
1,580

 
 
$
38,903

 
$
(25
)
Components Of Net Periodic Benefit Expense (Income)
(Dollars in thousands)
 
2013
 
2012
 
2011
Net periodic benefit expense (income):
 
 
 
 
 
 
Service cost - benefits earned during the year
 
$
1,459

 
$
1,679

 
$
1,441

Interest cost on benefit obligation
 
3,434

 
4,318

 
4,492

Amortization of actuarial gain
 
(1
)
 
—

 
—

Amortization of prior-service credit
 
(1,457
)
 
(1,206
)
 
(1,212
)
Net periodic benefit expense
 
$
3,435

 
$
4,791

 
$
4,721

Amounts recognized in other comprehensive income or loss:
 
 
 
 
 
 
Actuarial loss (gain)
 
$
(21,143
)
 
$
1,979

 
$
3,493

Prior-service cost
 
(19,243
)
 
—

 
—

Reclassification of actuarial gain to net periodic benefit expense
 
1

 
—

 
—

Reclassification of prior-service credit to net periodic benefit expense
 
1,457

 
1,206

 
1,212

Loss (gain) recognized in other comprehensive income or loss
 
$
(38,928
)
 
$
3,185

 
$
4,705

Discount rate assumption used to calculate interest cost through October 31
 
3.60
%
 
4.30
%
 
5.00
%
Discount rate assumption used to calculate interest cost from November 1 through December 31
 
4.25
%
 
4.30
%
 
5.00
%
Expected Benefit Payments
(Dollars in thousands)
Benefit 
Payments
Year ending December 31:
 
2014
$
4,462

2015
4,457

2016
4,815

2017
5,045

2018
5,267

2019-2023
26,488
Changes In The Benefit Obligation And The Determination Of The Amounts Recognized
(Dollars in thousands)
 
2013
 
2012
Change in benefit obligation:
 
 
 
 
Projected benefit obligation at beginning of year
 
$
102,291

 
$
98,417

Service cost – benefits earned during the year
 
1,459

 
1,679

Interest cost on projected benefit obligation
 
3,434

 
4,318

Plan amendments
 
(19,243
)
 
—

Actuarial loss (gain)
 
(21,143
)
 
1,979

Participant contributions
 
2,009

 
3,265

Benefits paid
 
(6,890
)
 
(7,367
)
Projected and accumulated benefit obligation at end of year
 
$
61,917

 
$
102,291

Funded status of the plan
 
$
(61,917
)
 
$
(102,291
)
Amounts recognized in the balance sheet consist of :
 
 
 
 
Current liabilities
 
$
(4,462
)
 
$
(6,588
)
Long-term liabilities
 
(57,455
)
 
(95,703
)
Net amount recognized
 
$
(61,917
)
 
$
(102,291
)
Discount rate assumption as of December 31
 
4.50
%
 
3.60
%
Health-Care Cost Trend Rates Used To Determine The Benefit Obligation
 
2013
Health-care cost trend rate assumed for next year
7.20
%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
4.50
%
Year that the rate reaches the ultimate trend rate
2027
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates
(Dollars in thousands)
2013
One-percentage-point increase in trend rate:
 
Increase in total service cost and interest cost components
$
137

Increase in accumulated postretirement benefit obligation
483

 
 
One-percentage-point decrease in trend rate:
 
Decrease in total service cost and interest cost components
$
(123
)
Decrease in accumulated postretirement benefit obligation
(436
)