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Pensions and Postretirement Benefits Other than Pensions
3 Months Ended
Mar. 31, 2018
Retirement Benefits [Abstract]  
Pensions and Postretirement Benefits Other than Pensions
Pensions and Postretirement Benefits Other than Pensions
The following tables disclose the amount of net periodic benefit costs for the three months ended March 31, 2018 and 2017 for the Company’s defined benefit plans and other postretirement benefits:
 
Pension Benefits - Domestic
 
Three Months Ended
March 31,
 
2018
 
2017
Components of net periodic benefit cost:
 
 
 
Service cost
$
2,580

 
$
2,465

Interest cost
9,210

 
9,813

Expected return on plan assets
(13,498
)
 
(13,515
)
Amortization of actuarial loss
8,235

 
9,281

Net periodic benefit cost
$
6,527

 
$
8,044

 
Pension Benefits - International
 
Three Months Ended
March 31,
 
2018
 
2017
Components of net periodic benefit cost:
 
 
 
Service cost
$

 
$

Interest cost
2,906

 
2,770

Expected return on plan assets
(3,155
)
 
(2,707
)
Amortization of actuarial loss
1,110

 
1,310

Net periodic benefit cost
$
861

 
$
1,373


 
Other Postretirement Benefits
 
Three Months Ended
March 31,
 
2018
 
2017
Components of net periodic benefit cost:
 
 
 
Service cost
$
487

 
$
501

Interest cost
2,313

 
2,515

Amortization of prior service credit
(135
)
 
(141
)
Net periodic benefit cost
$
2,665

 
$
2,875



As discussed in Note 1, the Company retrospectively applied the adoption of ASU 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” in the first quarter of 2018. The effect of the retrospective presentation change related to the net periodic cost of the Company's defined benefit plans and other postretirement benefits on the Company's Condensed Consolidated Statement of Income for the three month period ended March 31, 2017 was as follows:
 
 
 
Effect of change
 
 
 
As Adjusted
 
Americas
 
International
 
Corporate
 
Previously Reported
Cost of products sold
$
524,439

 
$
7,295

 
$
1,373

 
$

 
$
533,107

Selling, general and administrative expense
60,591

 
296

 

 
361

 
61,248

Other pension and postretirement benefit expense
(9,325
)
 
(7,591
)
 
(1,373
)
 
(361
)