XML 54 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2011
Defined Benefit Plan Disclosure [Line Items]  
Summary Of Fair Value Of Pension Plan Assets
Summary Of The Change In Fair Value For Pension Assets
(Dollars in thousands)
 
Private real estate fund
 
       
Balance at December 31, 2009
  $ 27,323  
Actual return on plan assets:
       
Relating to assets still held at the reporting date
    2,230  
Balance at December 31, 2010
  $ 29,553  
Actual return on plan assets:
       
Relating to assets still held at the reporting date
    4,967  
Balance at December 31, 2011
  $ 34,520  
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
 
   
2011
   
2010
   
2011
   
2010
 
Change in projected benefit obligation:
                       
Projected benefit obligation at beginning of year
  $ 1,314,650     $ 1,166,176     $ 69,934     $ 66,847  
Interest cost on projected benefit obligation
    71,308       69,136       3,787       3,879  
Actuarial loss
    183,293             7,587       4,155  
Benefits paid
    (43,115 )     (39,047 )     (5,079 )     (4,947 )
Projected and accumulated benefit obligation at
                               
end of year
  $ 1,526,136     $ 1,314,650     $ 76,229     $ 69,934  
                                 
Change in plan assets:
                               
Fair value of plan assets at beginning of year
  $ 1,073,213     $ 902,276     $ --     $ --  
Actual return on plan assets
    12,657       116,223       --       --  
Con-way contributions
    62,615       93,761       5,079       4,947  
Benefits paid
    (43,115 )     (39,047 )     (5,079 )     (4,947 )
Fair value of plan assets at end of year
  $ 1,105,370     $ 1,073,213     $ --     $ --  
                                 
Funded status of the plans
  $ (420,766 )   $ (241,437 )   $ (76,229 )   $ (69,934 )
                                 
Amounts recognized in the balance sheet consist of:
                               
Current liabilities
  $ --     $ --     $ (5,051 )   $ (4,757 )
Long-term liabilities
    (420,766 )     (241,437 )     (71,178 )     (65,177 )
Net amount recognized
  $ (420,766 )   $ (241,437 )   $ (76,229 )   $ (69,934 )
                                 
Plans with a projected and accumulated benefit obligation in
                               
   excess of plan assets:
                               
Projected and accumulated benefit obligation
  $ 1,503,510     $ 1,290,483     $ 76,229     $ 69,934  
Fair value of plan assets
    1,074,284       1,040,882       --       --  
                                 
Weighted-average assumptions as of December 31:
                               
Discount rate
    4.65 %     5.55 %     4.65 %     5.55 %
Changes In The Benefit Obligation And The Determination Of The Amounts Recognized
(Dollars in thousands)
 
 
 
   
2011
   
2010
 
Change in benefit obligation:
           
Projected benefit obligation at beginning of year
  $ 92,993     $ 89,843  
Service cost – benefits earned during the year
    1,441       1,405  
Interest cost on projected benefit obligation
    4,492       4,832  
Actuarial loss
    3,493       2,354  
Participant contributions
    2,911       2,856  
Plan amendments
    --       (198 )
Benefits paid
    (6,913 )     (8,099 )
Projected and accumulated benefit obligation at end of year
  $ 98,417     $ 92,993  
                 
Funded status of the plan
  $ (98,417 )   $ (92,993 )
Amounts recognized in the balance sheet consist of :
               
Current liabilities
  $ (6,822 )   $ (6,763 )
Long-term liabilities
    (91,595 )     (86,230 )
Net amount recognized
  $ (98,417 )   $ (92,993 )
                 
Discount rate assumption as of December 31
    4.30 %     5.00 %
Health-Care Cost Trend Rates Used To Determine The Benefit Obligation
 
2011
 
2010
 
 
Health-care cost trend rate assumed for next year
               7.60%
 
               7.80%
 
 
Rate to which the cost trend rate is assumed to
      decline (the ultimate trend rate)
               4.50%
 
               4.50%
 
 
Year that the rate reaches the ultimate trend rate
              2027
 
              2027
 
Defined Benefit Pension Plans [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)
 
Qualified Pension Plans
   
Non-Qualified Pension Plans
 
   
2011
   
2010
   
2011
   
2010
 
Actuarial loss
  $ (690,688 )   $ (444,663 )   $ (31,421 )   $ (24,512 )
                                 
Components Of Net Periodic Benefit Expense (Income)
(Dollars in thousands)
 
Qualified Pension Plans
   
Non-Qualified Pension Plans
 
   
2011
   
2010
   
2009
   
2011
   
2010
   
2009
 
Net periodic benefit expense (income):
                                   
Interest cost on benefit obligation
  $ 71,308     $ 69,136     $ 69,857     $ 3,787     $ 3,879     $ 4,203  
Expected return on plan assets
    (85,935 )     (75,039 )     (60,527 )     --       --       --  
Amortization of actuarial loss (gain)
    10,546       9,071       17,235       678       452       (2,366 )
Net periodic benefit expense (income)
  $ (4,081 )   $ 3,168     $ 26,565     $ 4,465     $ 4,331     $ 1,837  
                                                 
Amounts recognized in other comprehensive income or loss
                                               
Actuarial loss (gain)
  $ 256,571     $ 77,201     $ (192,798 )   $ 7,587     $ 4,219     $ (6,419 )
Amortization of actuarial loss (gain)
    (10,546 )     (9,071 )     (17,235 )     (678 )     (452 )     2,366  
Loss (gain) recognized in other comprehensive income or loss
  $ 246,025     $ 68,130     $ (210,033 )   $ 6,909     $ 3,767     $ (4,053 )
                                                 
Weighted-average assumptions used to calculate net cost:
                                               
Discount rate
    5.55 %     6.05 %     6.10 %     5.55 %     6.05 %     6.10 %
Discount rate – curtailment
    N/A       N/A       7.85 %     N/A       N/A       7.85 %
Expected long-term rate of return
  on plan assets
    8.00 %     8.50 %     8.50 %     --       --       --  
Expected Benefit Payments
(Dollars in thousands)
 
Qualified
   
Non-Qualified
 
   
Pension Plans
   
Pension Plans
 
Year ending December 31:
           
2012
  $ 46,428     $ 5,051  
2013
    49,444       4,963  
2014
    52,795       4,951  
2015
    56,468       4,925  
2016
    60,498       4,947  
2017-2021
    366,223       24,684  
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)
 
2011
   
2010
 
Actuarial gain
  $ 374     $ 3,867  
Prior-service credit
    2,786       3,998  
    $ 3,160     $ 7,865  
Components Of Net Periodic Benefit Expense (Income)
(Dollars in thousands)
 
 
 
   
2011
   
2010
   
2009
 
Net periodic benefit expense:
                 
Service cost - benefits earned during the year
  $ 1,441     $ 1,405     $ 1,539  
Interest cost on benefit obligation
    4,492       4,832       5,578  
Amortization of prior-service credit
    (1,212 )     (1,202 )     (1,222 )
Net periodic benefit expense
  $ 4,721     $ 5,035     $ 5,895  
                         
Amounts recognized in other comprehensive income or loss:
                       
Actuarial loss (gain)
  $ 3,493     $ 2,354     $ (10,353 )
Plan amendments
    --       (198 )     --  
Amortization of prior-service credit
    1,212       1,202       1,222  
Loss (gain)  recognized in other comprehensive income or loss
  $ 4,705     $ 3,358     $ (9,131 )
 
                       
 Discount rate assumption used to calculate interest cost:
    5.00 %     5.65 %     6.38 %
Expected Benefit Payments
(Dollars in thousands)
   
   
Benefit Payments
Year ending December 31:
   
 
2012
 
$                 6,822
 
2013
 
7,044
 
2014
 
7,347
 
2015
 
7,603
 
2016
 
7,948
 
2017-2021
 
41,068