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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2018
Defined Benefit Plan [Abstract]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
The following tables summarize the Consolidated Balance Sheets impact, including the benefit obligations, assets and funded status associated with the Company's significant defined benefit and other post-retirement benefit plans at December 31, 2018 and 2017.
 
Qualified Defined Benefits
Non-Qualified Supplemental Benefits
Other Post-Retirement Benefits
 
U.S. Plan
Non-U.S. Plans
 20182017201820172018201720182017
Change in benefit obligation:        
Benefit obligation at beginning of year$566,389 $535,299 $278,188 $243,483 $106,012 $110,446 $8,595 $12,263 
Service cost
9,019 12,083 5,359 5,688 2,624 2,473 30 68 
Interest cost20,756 21,718 4,962 5,263 3,204 4,076 290 783 
Plan participants' contributions— — 1,279 1,237 — — — — 
Benefits paid(18,172)(38,490)(8,161)(8,528)(19,352)(11,576)(620)(917)
Actuarial (gain) loss
(48,104)35,446 (19,533)8,812 (7,687)593 (446)946 
Business acquisitions
— — — 1,810 — — — — 
Amendments69 364 3,073 — — — — (4,646)
Settlements and curtailments(78,896)(32)(1,813)— (2,289)— — — 
Currency translation and other— 21,554 20,423 — — — 98 
Spin-off of Apergy(3,888)— (14,579)— (15,676)— — — 
Benefit obligation at end of year447,173 566,389 270,329 278,188 66,836 106,012 7,849 8,595 
Change in plan assets:        
Fair value of plan assets at beginning of year617,840 562,564 175,534 148,514 — — — — 
Actual (loss) return on plan assets(32,939)93,766 (8,490)15,849 — — — — 
Company contributions— — 5,961 7,971 19,352 11,576 620 917 
Plan participants' contributions— — 1,279 1,237 — — 
Benefits paid(18,172)(38,490)(8,161)(8,528)(19,352)(11,576)(620)(917)
Settlements and curtailments(74,016)— (1,472)— — — — — 
Currency translation and other— — 11,223 10,491 — — — — 
Spin-off of Apergy(3,813)— (13,285)— — — — — 
Fair value of plan assets at end of year488,900 617,840 162,589 175,534 — — — — 
Funded (Unfunded) status
$41,727 $51,451 $(107,740)$(102,654)$(66,836)$(106,012)$(7,849)$(8,595)
Amounts recognized in the consolidated balance sheets consist of:
      
Assets and Liabilities:        
Other assets and deferred charges$41,727 $51,451 $919 $890 $— $— $— $— 
Accrued compensation and employee benefits— — (1,493)(1,484)(13,219)(15,903)(702)(706)
Other liabilities (deferred compensation)— — (107,166)(102,172)(53,617)(75,911)(7,147)(7,889)
Assets (liabilities) of discontinued operations— — — 112 — (14,198)— — 
Total assets and liabilities
41,727 51,451 (107,740)(102,654)(66,836)(106,012)(7,849)(8,595)
Accumulated Other Comprehensive Loss (Earnings):
Net actuarial losses (gains)81,437 79,288 66,480 69,490 (25,186)(13,780)(1,164)(748)
Prior service cost (credit)852 1,344 (72)(3,500)9,099 13,777 71 84 
Net asset at transition, other— — — (60)— — — — 
Deferred taxes(17,597)(30,777)(14,861)(14,982)3,461 83 412 322 
Total accumulated other comprehensive loss (earnings), net of tax
64,692 49,855 51,547 50,948 (12,626)80 (681)(342)
Net amount recognized at December 31,$106,419 $101,306 $(56,193)$(51,706)$(79,462)$(105,932)$(8,530)$(8,937)
Accumulated benefit obligations$438,005 $547,278 $258,109 $264,766 $60,080 $96,612 
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block] Pension plans with accumulated benefit obligations in excess of plan assets consist of the following at December 31, 2018 and 2017:
 20182017
Projected benefit obligation (PBO)$330,168 $372,559 
Accumulated benefit obligation (ABO)311,192 349,735 
Fair value of plan assets154,673 162,890 
Schedule of Net Benefit Costs [Table Text Block]
Net Periodic Benefit Cost

Components of the net periodic benefit cost were as follows: 

Defined Benefit Plans
 Qualified Defined Benefits  Non-Qualified Supplemental Benefits
 U.S. PlanNon-U.S. Plans
 201820172016201820172016201820172016
Service cost$9,019 $12,083 $13,913 $5,359 $5,688 $5,590 $2,624 $2,473 $2,959 
Interest cost20,756 21,718 23,046 4,962 5,263 5,593 3,204 4,076 5,268 
Expected return on plan assets(39,045)(39,812)(38,793)(7,675)(7,417)(7,830)— — — 
Amortization of:
Prior service cost (credit)298 427 733 (449)(425)(397)3,770 4,411 6,266 
Recognized actuarial loss (gain)3,102 5,582 6,437 2,952 3,506 2,658 (1,132)(1,192)(560)
Transition obligation— — — — — — 
Settlement and curtailment loss (gain)13,939 
(1)
76 — 678 1,103 (1,381)— — 
Other— — 35 — — — — — — 
Net periodic benefit expense$8,069 $74 $5,371 $5,157 $7,297 $6,721 $7,085 $9,768 $13,933 
Less: Discontinued operations 
10,109 
(1)
3,383 4,237 114 810 974 279 1,226 1,222 
Net periodic (income) expense - Continuing operations$(2,040)$(3,309)$1,134 $5,043 $6,487 $5,747 $6,806 $8,542 $12,711 
(1) $9.2 million of the total settlement and curtailment loss on the U.S. Plan is attributable to Apergy participants in the Dover Defined Benefit Plan and has therefore, been reflected in the results of discontinued operations.

Other Post-Retirement Benefits
201820172016
Service cost$30 $68 $52 
Interest cost290 783 403 
Amortization of:
Prior service cost13 
Recognized actuarial (gain) loss(30)(161)
Settlement and curtailment gain— (4,598)— 
Net periodic expense (benefit)$303 $(3,901)$467 

The curtailment gain in 2017 relates primarily to the impact of an amendment to the post-retirement plan in Brazil.
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
Amounts expected to be amortized from accumulated other comprehensive earnings (loss) into net periodic benefit cost during 2019 are as follows:
 Qualified Defined BenefitsNon-Qualified Supplemental BenefitsOther Post-Retirement Benefits
 U.S. PlanNon-U.S. Plans
Amortization of:    
Prior service cost (credit)$303 $(238)$2811 $13 
Recognized actuarial loss (gain)— 3,241 (2,280)(70)
Transition obligation— — — — 
Total$303 $3,003 $531 $(57)
Weighted-average assumptions used in benefit obligations [Table Text Block] The weighted average assumptions used in determining the benefit obligations were as follows: 
 Qualified Defined BenefitsNon-Qualified Supplemental BenefitsOther Post-Retirement Benefits
 U.S. PlanNon-U.S. Plans
 20182017201820172018201720182017
Discount rate4.35 %3.65 %1.83 %1.94 %4.30 %3.57 %4.15 %3.50 %
Average wage increase4.50 %4.00 %2.10 %2.33 %4.50 %4.50 %nana
Ultimate medical trend ratena  na  na  na  na  na  5.00 %2.33 %
Weighted-average assumptions used calculating net periodic cost [Table Text Block]
The weighted average assumptions used in determining the net periodic benefit cost were as follows:
 Qualified Defined BenefitsNon- Qualified Supplemental BenefitsOther Post-Retirement Benefits
 U.S. PlanNon-U.S. Plans
 201820172016201820172016201820172016201820172016
Discount rate4.2%/3.65%  
 (1)
4.10 %4.40 %1.94 %2.06 %2.32 %3.57 %3.97 %4.18 %3.50  6.49 %4.00 %
Average wage increase4.00 %4.00 %4.00 %2.33 %2.34 %2.25 %4.50 %4.50 %4.50 %nanana
Expected return on plan assets6.8%/7.25%  
 (1)
7.25 %7.25 %4.66 %4.73 %4.95 %
na
na  na  na  na  na  
(1) The separation of Apergy triggered a pension plan curtailment which required a re-measurement of the Plan's benefit obligation in the second quarter 2018, assuming a discount rate of 4.2% and an expected return on assets of 6.8%.
Weighted-average asset allocation actual and target [Table Text Block]
The Company’s actual and target weighted average asset allocation for our U.S. Corporate Pension Plan was as follows:
20182017Current Target
Equity securities36 %57 %40 %
Fixed income55 %33 %55 %
Real estate and other%10 %%
Total100 %100 %100 %
Schedule of Allocation of Plan Assets [Table Text Block]
The fair values of both U.S. and non-U.S. pension plan assets by asset category within the fair value hierarchy (as defined in Note 12 — Financial Instruments) were as follows:
 
U.S. Qualified Defined Benefits Plan
 12/31/201812/31/2017
 
Level 1
Level 2
Total Fair Value
Level 1
Level 2
Total Fair Value
Corporate bonds— 150,179 150,179 — 74,509 74,509 
Government securities1,586 113,931 115,517 2,766 130,774 133,540 
Interest-bearing cash and short-term investments2,066 — 2,066 1,222 — 1,222 
Total investments at fair value3,652 264,110 267,762 3,988 205,283 209,271 
Investments measured at net asset value*
Collective funds— — 175,963 — — 352,481 
Real estate investments— — 32,686 — — 48,294 
Short-term investment funds— — 12,489 — — 7,794 
Total investments3,652 264,110 488,900 3,988 205,283 617,840 

The Company had no level 3 U.S. Plan assets at December 31, 2018 and 2017.
 
Non-U.S. Plans
 12/31/201812/31/2017
 
Level 1
Level 2
Level 3
Total Fair Value
Level 1
Level 2
Level 3
Total Fair Value
Common stocks$28,528 $— $— $28,528 $28,761 $— $— $28,761 
Fixed income investments— 27,797 — 27,797 — 29,612 — 29,612 
Mutual funds23,438 — — 23,438 34,075 4,642 — 38,717 
Cash and cash equivalents470 — — 470 4,633 — — 4,633 
Other— 2,390 21,283 23,673 — 3,088 4,592 7,680 
Total investments at fair value$52,436 $30,187 $21,283 $103,906 $67,469 $37,342 $4,592 $109,403 
Investments measured at net asset value*
Collective funds— — — 54,505 — — — 61,648 
Other— — — 4,178 — — — 4,483 
 Total$52,436 $30,187 $21,283 $162,589 $67,469 $37,342 $4,592 $175,534 
* In accordance with Fair Value Measurement Topic 820 (Subtopic 820-10), certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient were not classified in the fair value hierarchy. These are included to permit reconciliation of the fair value hierarchy to the aggregate pension plan assets.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
The fair value measurement of plan assets using significant unobservable inputs (Level 3) changed during 2017 and 2018, due to the following:
Level 3
Balance at January 1, 2017$4,354 
Actual return on plan assets:
Relating to assets sold during the period28 
Relating to assets still held at December 31, 2017280 
Sales(456)
Foreign currency translation386 
Balance at December 31, 2017$4,592 
Actual return on plan assets:
Relating to assets still held at December 31, 2018(29)
Insurance contracts added16,975 
Foreign currency translation(255)
Balance at December 31, 2018$21,283 
Schedule of Expected Benefit Payments [Table Text Block]
Benefit Payments

Estimated future benefit payments to retirees, which reflect expected future service, are as follows: 
 Qualified Defined BenefitsNon-Qualified Supplemental BenefitsOther Post-Retirement Benefits
 U.S. PlanNon-U.S. Plans
2019$33,990 $9,069 $13,500 $717 
202037,086 8,484 5,353 705 
202137,217 9,043 11,474 681 
202236,896 9,339 8,742 663 
202336,117 10,754 4,220 641 
2024 - 2028166,962 63,653 18,933 2,794