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Pensions and Postretirement Benefits Other than Pensions
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2018 and 2017 for the Company’s defined benefit plans and other postretirement benefits:
 
Pension Benefits - Domestic
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Components of net periodic benefit cost:
 
 
 
 
 
 
 
Service cost
$
2,580

 
$
2,465

 
$
5,160

 
$
4,930

Interest cost
9,210

 
9,813

 
18,419

 
19,626

Expected return on plan assets
(13,498
)
 
(13,514
)
 
(26,997
)
 
(27,029
)
Amortization of actuarial loss
8,235

 
9,280

 
16,471

 
18,561

Net periodic benefit cost
$
6,527

 
$
8,044

 
$
13,053

 
$
16,088

 
Pension Benefits - International
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Components of net periodic benefit cost:
 
 
 
 
 
 
 
Service cost
$

 
$

 
$

 
$

Interest cost
2,840

 
2,860

 
5,746

 
5,630

Expected return on plan assets
(3,073
)
 
(2,795
)
 
(6,216
)
 
(5,502
)
Amortization of actuarial loss
1,085

 
1,351

 
2,195

 
2,661

Net periodic benefit cost
$
852

 
$
1,416

 
$
1,725

 
$
2,789


 
Other Postretirement Benefits
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Components of net periodic benefit cost:
 
 
 
 
 
 
 
Service cost
$
487

 
$
501

 
$
974

 
$
1,002

Interest cost
2,313

 
2,516

 
4,625

 
5,031

Amortization of prior service credit
(135
)
 
(142
)
 
(270
)
 
(283
)
Net periodic benefit cost
$
2,665

 
$
2,875

 
$
5,329

 
$
5,750



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 and six months ended June 30, 2017 is shown in the following tables:

Three Months Ended June 30, 2017
 
 
 
Effect of change
 
 
 
As Adjusted
 
Americas
 
International
 
Corporate
 
Previously Reported
Cost of products sold
$
581,202

 
$
7,295

 
$
1,416

 
$

 
$
589,913

Selling, general and administrative expense
55,350

 
296

 

 
362

 
56,008

Other pension and postretirement benefit expense
(9,369
)
 
(7,591
)
 
(1,416
)
 
(362
)
 


Six Months Ended June 30, 2017
 
 
 
Effect of change
 
 
 
As Adjusted
 
Americas
 
International
 
Corporate
 
Previously Reported
Cost of products sold
$
1,105,642

 
$
14,591

 
$
2,788

 
$

 
$
1,123,021

Selling, general and administrative expense
115,941

 
592

 

 
722

 
117,255

Other pension and postretirement benefit expense
(18,693
)
 
(15,183
)
 
(2,788
)
 
(722
)