PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Table)

12 Months Ended

Dec. 31, 2013



	Pension Benefits									Postretirement Benefits
(In thousands)	2013			2012			2011			2013			2012			2011
Service cost	$	40,170		$	40,274		$	36,276		$	373		$	448		$	388
Interest cost	27,777			26,303			26,361			839			939			1,009
Expected return on plan assets	(36,303		)	(33,585		)	(31,635		)	—			—			—
Amortization of prior service cost	883			1,201			1,210			(638		)	(629		)	(629		)
Recognized net actuarial loss	15,013			11,023			5,464			(614		)	(682		)	(901		)
Cost of settlements/curtailments	13			—			194			—			—			—
Net periodic benefit cost (income)	$	47,553		$	45,216		$	37,870		$	(40	)	$	76		$	(133	)



	Pension Benefits						Postretirement Benefits
(In thousands)	2013			2012			2013			2012
Change in benefit obligation:
Beginning of year	$	705,022		$	597,146		$	23,391		$	21,467
Service cost	40,170			40,274			373			448
Interest cost	27,777			26,303			839			939
Plan participants’ contributions	2,331			2,381			350			91
Amendments	—			—			(366		)	—
Actuarial loss (gain)	(62,534		)	55,833			(2,752		)	(377		)
Benefits paid	(34,253		)	(37,180		)	(1,419		)	(1,286		)
Business combinations	5,809			17,218			—			2,109
Special termination benefits	533			—			—			—
Curtailments/ settlements	(9,713		)	—			—			—
Actual expenses	(2,206		)	—			—			—
Currency translation adjustments	1,256			3,047			—			—
End of year	$	674,192		$	705,022		$	20,416		$	23,391



Change in plan assets:
Beginning of year	$	460,202		$	383,149		$	—		$	—
Actual return on plan assets	82,863			52,975			—			—
Employer contribution	48,074			45,230			1,069			1,195
Plan participants’ contributions	2,331			2,381			350			91
Business combinations	—			10,983			—			—
Benefits paid	(34,253		)	(37,180		)	(1,419		)	(1,286		)
Settlements	(2,206		)	—			—			—
Currency translation adjustments	1,556			2,664			—			—
End of year	$	558,567		$	460,202		$	—		$	—

Funded status	$	(115,625	)	$	(244,820	)	$	(20,416	)	$	(23,391	)



	Pension Benefits						Postretirement Benefits
(In thousands)	2013			2012			2013			2012
Amounts recognized on the balance sheet
Noncurrent assets	$	7,142		$	—		$	—		$	—
Current liabilities	(2,620		)	(2,469		)	(1,659		)	(1,695		)
Noncurrent liabilities	(120,147		)	(242,351		)	(18,757		)	(21,696		)
Total	$	(115,625	)	$	(244,820	)	$	(20,416	)	$	(23,391	)
Amounts recognized in accumulated other comprehensive income (AOCI)
Net actuarial loss (gain)	$	69,355		$	201,218		$	(12,350	)	$	(10,212	)
Prior service cost	2,537			5,612			(5,343		)	(5,615		)
Total	$	71,892		$	206,830		$	(17,693	)	$	(15,827	)
Amounts in AOCI expected to be recognized in net periodic cost in the coming year:
Loss (gain) recognition	$	5,933		$	17,112		$	(811	)	$	(639	)
Prior service cost recognition	$	631		$	1,201		$	(657	)	$	(629	)
Accumulated benefit obligation	$	641,892		$	644,483		N/A			N/A
Information for pension plans with an accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	$	604,515		$	639,745		N/A			N/A
Accumulated benefit obligation	528,148			592,660			N/A			N/A
Fair value of plan assets	473,078			398,687			N/A			N/A



	Pension Benefits				Postretirement Benefits
	2013		2012		2013		2012
Weighted-average assumptions in determination of benefit obligation:
Discount rate	4.62	%	3.95	%	4.47	%	3.70	%
Rate of compensation increase	3.94	%	3.94	%	N/A		N/A
Health care cost trends:
Rate assumed for subsequent year	N/A		N/A		8.00	%	8.00	%
Ultimate rate reached in 2019 and 2014, respectively	N/A		N/A		5.00	%	5.50	%
Weighted-average assumptions in determination of net periodic benefit cost:
Discount rate	3.95	%	4.46	%	3.70	%	4.48	%
Expected return on plan assets	7.91	%	8.02	%	N/A		N/A
Rate of compensation increase	3.94	%	3.96	%	N/A		N/A
Health care cost trends:
Rate assumed for subsequent year	N/A		N/A		8.00	%	8.00	%
Ultimate rate reached in 2019 and 2014, respectively	N/A		N/A		5.00	%	5.50	%



(In thousands)	1% Increase		1% Decrease
Total service and interest cost components	$	4	$	(3	)
Postretirement benefit obligation	$	93	$	(83	)



	Insurance Contracts			Other		Total
December 31, 2011	$	10,081		$	612	$	10,693
Actual return on plan assets:
Relating to assets still held at the reporting date	151			42		193
Relating to assets sold during the period	—			—		—
Purchases, sales, and settlements	429			57		486
Transfers in and/or out of Level 3	—			—		—
Foreign currency translation adjustment	256			17		273
December 31, 2012	$	10,917		$	728	$	11,645
Actual return on plan assets:
Relating to assets still held at the reporting date	162			35		197
Relating to assets sold during the period	—			—		—
Purchases, sales, and settlements	(542		)	—		(542		)
Transfers in and/or out of Level 3	—			—		—
Foreign currency translation adjustment	258			19		277
December 31, 2013	$	10,795		$	782	$	11,577



Asset Category	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash and cash equivalents	$	17,657	$	1,887	$	15,770	$	—
Equity securities- Mutual funds (a)	282,772		238,746		44,026		—
Bond funds (b)	148,128		101,050		47,078		—
Insurance Contracts (c)	10,917		—		—		10,917
Other (d)	728		—		—		728
December 31, 2012	$	460,202	$	341,683	$	106,874	$	11,645
Cash and cash equivalents	$	17,951	$	1,638	$	16,313	$	—
Equity securities- Mutual funds (a)	360,691		307,220		53,471		—
Bond funds (b)	168,348		115,988		52,360		—
Insurance Contracts (c)	10,795		—		—		10,795
Other (d)	782		—		—		782
December 31, 2013	$	558,567	$	424,846	$	122,144	$	11,577