PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Table)

12 Months Ended

Dec. 31, 2015



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	$	24,354	$	871	$	23,483	$	—
Equity securities- Mutual funds⁽¹⁾	379,467		330,619		48,848		—
Bond funds ⁽²⁾	183,068		122,790		60,278		—
Insurance Contracts ⁽³⁾	8,169		—		—		8,169
Other ⁽⁴⁾	771		—		—		771
December 31, 2014	$	595,829	$	454,280	$	132,609	$	8,940
Cash and cash equivalents	$	26,251	$	253	$	25,998	$	—
Equity securities- Mutual funds ⁽¹⁾	435,931		395,549		40,382		—
Bond funds ⁽²⁾	219,417		162,470		56,947		—
Insurance Contracts⁽³⁾	9,720		—		—		9,720
Other ⁽⁴⁾	755		—		—		755
December 31, 2015	$	692,074	$	558,272	$	123,327	$	10,475



	Pension Benefits									Postretirement Benefits
(In thousands)	2015			2014			2013			2015			2014			2013
Service cost	$	26,873		$	25,262		$	40,170		$	286		$	246		$	373
Interest cost	30,050			30,403			27,777			842			877			839
Expected return on plan assets	(54,629		)	(41,746		)	(36,303		)	—			—			—
Amortization of prior service cost	618			662			883			(657		)	(657		)	(638		)
Recognized net actuarial loss/(gain)	16,890			6,827			15,013			(551		)	(811		)	(614		)
Cost of settlements/curtailments	7,461			377			13			—			—			—
Net periodic benefit cost (income)	$	27,263		$	21,785		$	47,553		$	(80	)	$	(345	)	$	(40	)



	Pension Benefits						Postretirement Benefits
(In thousands)	2015			2014			2015			2014
Change in benefit obligation:
Beginning of year	$	797,360		$	674,192		$	23,250		$	20,416
Service cost	26,873			25,262			286			246
Interest cost	30,050			30,403			842			877
Plan participants’ contributions	1,825			1,734			345			364
Amendments	(2,951		)	178			—			—
Actuarial loss (gain)	(10,803		)	114,763			(1,133		)	3,276
Benefits paid	(60,662		)	(40,765		)	(1,610		)	(1,929		)
Actual expenses	(1,787		)	(1,299		)	—			—
Currency translation adjustments	(5,195		)	(7,108		)	—			—
End of year	$	774,710		$	797,360		$	21,980		$	23,250



Change in plan assets:
Beginning of year	$	595,829		$	558,567		$	—		$	—
Actual return on plan assets	(4,092		)	37,574			—			—
Employer contribution	165,575			46,306			1,265			1,565
Plan participants’ contributions	1,825			1,734			345			364
Benefits paid	(60,662		)	(40,765		)	(1,610		)	(1,929		)
Actual Expenses	(1,787		)	(1,299		)	—			—
Currency translation adjustments	(4,614		)	(6,288		)	—			—
End of year	$	692,074		$	595,829		$	—		$	—

Funded status	$	(82,636	)	$	(201,531	)	$	(21,980	)	$	(23,250	)



	Pension Benefits						Postretirement Benefits
(In thousands)	2015			2014			2015			2014
Amounts recognized on the balance sheet
Noncurrent assets	$	3,667		$	6,041		$	—		$	—
Current liabilities	(2,998		)	(3,523		)	(1,562		)	(1,603		)
Noncurrent liabilities	(83,305		)	(204,049		)	(20,418		)	(21,647		)
Total	$	(82,636	)	$	(201,531	)	$	(21,980	)	$	(23,250	)
Amounts recognized in accumulated other comprehensive income (AOCI)
Net actuarial loss (gain)	$	203,729		$	180,640		$	(8,846	)	$	(8,264	)
Prior service cost	(1,635		)	1,990			(4,030		)	(4,686		)
Total	$	202,094		$	182,630		$	(12,876	)	$	(12,950	)
Amounts in AOCI expected to be recognized in net periodic cost in the coming year:
Loss (gain) recognition	$	12,373		$	15,470		$	(571	)	$	(551	)
Prior service cost recognition	$	(50	)	$	619		$	(657	)	$	(657	)
Accumulated benefit obligation	$	736,688		$	753,878		N/A			N/A
Information for pension plans with an accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	$	721,626		$	770,241		N/A			N/A
Accumulated benefit obligation	683,605			726,760			N/A			N/A
Fair value of plan assets	635,323			562,669			N/A			N/A



	Pension Benefits				Postretirement Benefits
	2015		2014		2015		2014
Weighted-average assumptions in determination of benefit obligation:
Discount rate	4.11	%	3.88	%	4.25	%	3.75	%
Rate of compensation increase	3.36	%	3.37	%	N/A		N/A
Health care cost trends:
Rate assumed for subsequent year	N/A		N/A		5.70	%	5.50	%
Ultimate rate reached in 2026	N/A		N/A		5.40	%	4.59	%
Weighted-average assumptions in determination of net periodic benefit cost:
Discount rate	3.88	%	4.62	%	3.75	%	4.47	%
Expected return on plan assets	7.93	%	8.01	%	N/A		N/A
Rate of compensation increase	3.37	%	3.36	%	N/A		N/A
Health care cost trends:
Rate assumed for subsequent year	N/A		N/A		5.50	%	8.00	%
Ultimate rate reached in 2026	N/A		N/A		4.59	%	5.00	%



(In thousands)	1% Increase		1% Decrease
Total service and interest cost components	$	15	$	(12	)
Postretirement benefit obligation	$	375	$	(309	)



(In thousands)	Insurance Contracts			Other			Total
December 31, 2013	$	10,795		$	782		$	11,577
Actual return on plan assets:
Relating to assets still held at the reporting date	158			39			197
Relating to assets sold during the period	—			—			—
Purchases, sales, and settlements	(1,818		)	36			(1,782		)
Transfers in and/or out of Level 3	—			—			—
Foreign currency translation adjustment	(966		)	(86		)	(1,052		)
December 31, 2014	$	8,169		$	771		$	8,940
Actual return on plan assets:
Relating to assets still held at the reporting date	127			37			164
Relating to assets sold during the period	—			2			2
Purchases, sales, and settlements	1,554			(49		)	1,505
Transfers in and/or out of Level 3	—			—			—
Foreign currency translation adjustment	(130		)	(6		)	(136		)
December 31, 2015	$	9,720		$	755		$	10,475