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Retirement plans Retirement Plans (Tables)
 12 Months Ended
Dec. 28, 2014
Defined Benefit Plan Disclosure [Line Items]  
Multiemployer Pension Plans Table
Multi-employer Pension Plans
 
 
 
 
 
 
 
 
 

EIN Number/
Zone Status
Dec. 31,
FIP/RP Status
Pending/Implemented
Contributions(in thousands)
Surcharge Imposed
Expiration Dates of CBAs
Pension Plan Name
Plan Number
2014
2013
2014
2013
2012
AFTRA Retirement Plan (a)
13-6414972/001
Green
as of
Nov.
30,
2013
Green
as of
Nov.
30,
2012
NA
$
973

$
988

$
965

NA
5/31/2015
9/11/2015
4/18/2017
CWA/ITU Negotiated Pension Plan
13-6212879/001
Red
Red
Implemented
433

242

572

No
2/1/2015
11/8/2015
2/23/2016
GCIU—Employer Retirement Benefit Plan (a), (b)
91-6024903/001
Red
Red
Implemented
71

216

380

No
N/A
The Newspaper Guild International Pension Plan (a)
52-1082662/001
Red
Red
Implemented
244

279

415

No
2/23/2016
IAM National Pension Plan (a)
51-6031295/002
Green
Green
NA
403

736

341

NA
4/30/2016
Teamsters Pension Trust Fund of Philadelphia and Vicinity (a)
23-1511735/001
Yellow
Yellow
Implemented
1,298

1,355

876

NA
7/29/2015
2/23/2016
Central Pension Fund of the International Union of Operating Engineers and Participating Employers (a)
36-6052390/001
Green
as of
Jan.
31,
2014
Green
as of
Jan.
31,
2013
NA
153

160

158

NA
4/30/2016
Central States Southeast and Southwest Areas Pension Fund (b)
36-6044243/001
Red
Red
Implemented
—

40

260

No
N/A
Total




$
3,575

$
4,016

$
3,967



(a) This plan has elected to utilize special amortization provisions provided under the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010.
(b) We have no ongoing participation in these plans.
Retirement Plans  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures
Our pension costs, which include costs for our qualified and non-qualified plans, are presented in the following table:
In thousands of dollars
 
2014
2013
2012
Service cost—benefits earned during the period
$
5,311

$
7,538

$
7,545

Interest cost on benefit obligation
168,991

141,030

155,376

Expected return on plan assets
(234,862
)
(198,216
)
(189,863
)
Amortization of prior service costs
7,566

7,566

7,689

Amortization of actuarial loss
45,731

63,212

53,429

Pension expense (benefit) for company-sponsored retirement plans
(7,263
)
21,130

34,176

Settlement charge
—

3,077

7,946

Total pension cost (benefit)
$
(7,263
)
$
24,207

$
42,122
Schedule of Changes in Projected Benefit Obligations
The following table provides a reconciliation of pension benefit obligations (on a projected benefit obligation measurement basis), plan assets and funded status of company-sponsored retirement plans, along with the related amounts that are recognized in the Consolidated Balance Sheets.
In thousands of dollars
 
Dec. 28, 2014
Dec. 29, 2013
Change in benefit obligations
 
 
Benefit obligations at beginning of year
$
3,672,249

$
3,573,085

Service cost
5,311

7,538

Interest cost
168,991

141,030

Plan amendments
—

177

Plan participants’ contributions
5

4

Actuarial loss (gain)
438,296

(104,131
)
Foreign currency translation
(57,779
)
21,758

Gross benefits paid
(227,269
)
(230,979
)
Acquisitions
—

274,510

Settlements
—

(10,743
)
Benefit obligations at end of year
$
3,999,804

$
3,672,249

Change in plan assets
 
 
Fair value of plan assets at beginning of year
$
3,028,467

$
2,552,316

Actual return on plan assets
180,033

364,652

Plan participants’ contributions
5

4

Employer contributions
103,933

107,086

Gross benefits paid
(227,269
)
(230,979
)
Acquisitions
—

229,774

Settlements
—

(10,743
)
Foreign currency translation
(42,655
)
16,357

Fair value of plan assets at end of year
$
3,042,514

$
3,028,467

Funded status at end of year
$
(957,290
)
$
(643,782
)
Amounts recognized in Consolidated Balance Sheets
Noncurrent assets
$
—

$
3,684

Accrued benefit cost—current
$
(15,575
)
$
(15,271
)
Accrued benefit cost—noncurrent
$
(941,715
)
$
(632,195
)
Schedule of Net Funded Status
The funded status (on a projected benefit obligation basis) of our principal retirement plans at Dec. 28, 2014, is as follows:
In thousands of dollars
 
Fair Value of
Plan Assets
Benefit
Obligation
Funded
Status
GRP
$
1,973,928

$
2,392,208

$
(418,280
)
SERP (a)
—

216,049

(216,049
)
Newsquest
716,519

970,674

(254,155
)
Dealey
259,320

314,755

(55,435
)
All other
92,747

106,118

(13,371
)
Total
$
3,042,514

$
3,999,804

$
(957,290
)
(a) The SERP is an unfunded, unsecured liability
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
The following table presents information for our retirement plans for which accumulated benefits exceed assets:
In thousands of dollars
 
 
 
Dec. 28, 2014
Dec. 29, 2013
Accumulated benefit obligation
$
3,979,493

$
3,568,021

Fair value of plan assets
$
3,042,514

$
2,938,480
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets
The following table presents information for our retirement plans for which projected benefit obligations exceed assets:
In thousands of dollars
 
 
 
Dec. 28, 2014
Dec. 29, 2013
Projected benefit obligation
$
3,999,804

$
3,585,947

Fair value of plan assets
$
3,042,514

$
2,938,480
Schedule of Net Periodic Benefit Cost Not yet Recognized
The following table summarizes the amounts recorded in accumulated other comprehensive income (loss) that have not yet been recognized as a component of pension expense as of the dates presented (pre-tax):
In thousands of dollars
 
 
 
Dec. 28, 2014
Dec. 29, 2013
Net actuarial losses
$
(1,811,857
)
$
(1,390,975
)
Prior service cost
(46,383
)
(53,949
)
Amounts in accumulated other comprehensive income (loss)
$
(1,858,240
)
$
(1,444,924
)
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
Other changes in plan assets and benefit obligations recognized in other comprehensive loss consist of the following:
In thousands of dollars
 
2014
Current year actuarial gain (loss)
$
(493,124
)
Amortization of actuarial loss
45,731

Amortization of prior service costs
7,566

Foreign currency gain
26,511

Total
$
(413,316
)
Schedule of Assumptions Used
Pension costs: The following assumptions were used to determine net pension costs:
 
2014
2013
2012
Discount rate
4.75%
4.08%
4.83%
Expected return on plan assets
7.93%
7.94%
7.95%
Rate of compensation increase
2.97%
2.97%
2.96%
Schedule Of Assumptions Used In Calculating Pension Benefit Obligations Table
Benefit obligations and funded status: The following assumptions were used to determine the year-end benefit obligations:
 
Dec. 28, 2014
Dec. 29, 2013
Discount rate
3.96%
4.75%
Rate of compensation increase
2.96%
2.97%
Schedule of Allocation of Plan Assets
The asset allocation for the GRP at the end of 2014 and 2013, and target allocations for 2015, by asset category, are presented in the table below: 
Target Allocation
 
Allocation of Plan Assets
 
2015
2014
2013
Equity securities
65
%
65
%
64
%
Debt securities
20

20

22

Other
15

15

14

Total
100
%
100
%
100
%
Schedule of Expected Benefit Payments
We estimate we will make the following benefit payments (from either retirement plan assets or directly from our funds), which reflect expected future service, as appropriate:
In thousands of dollars
2015
$
222,327

2016
$
225,846

2017
$
230,012

2018
$
229,063

2019
$
232,081

2020-2024
$
1,146,800