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Employee Benefit Plans
3 Months Ended
Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plans
Employee Benefit Plans
 
 
Three Months Ended
 
 
March 31
Defined Benefit Pension Plans Net Periodic Pension Cost
 
U.S. Plans
 
International Plans
(In thousands)
 
2016
 
2015
 
2016
 
2015
Service cost
 
$
946

 
$
722

 
$
404

 
$
438

Interest cost
 
2,545

 
3,089

 
7,123

 
9,189

Expected return on plan assets
 
(3,601
)
 
(4,203
)
 
(11,463
)
 
(12,674
)
Recognized prior service costs
 
16

 
20

 
44

 
49

Recognized loss
 
1,372

 
1,230

 
3,218

 
4,235

Defined benefit pension plans net periodic pension cost
 
$
1,278

 
$
858

 
$
(674
)
 
$
1,237


The Company has changed the method utilized to estimate the 2016 service cost and interest cost components of net periodic pension cost ("NPPC") for defined benefit pension plans. The more precise application of discount rates for measuring both service costs and interest costs employs yield curve spot rates on a year-by-year expected cash flow basis, using the same yield curves that the Company has previously used. This change in method decreased the Company's NPPC by approximately $2 million for the three months ended March 31, 2016 compared to what NPPC would have been under the prior method. For additional information related to this change in method, please refer to Part II, Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations," of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2015.
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
Company Contributions
 
March 31
(In thousands)
 
2016
 
2015
Defined benefit pension plans (U.S.)
 
$
470

 
$
682

Defined benefit pension plans (International)
 
9,798

 
16,066

Multiemployer pension plans
 
521

 
565

Defined contribution pension plans
 
2,826

 
3,448


The Company's estimate of expected contributions to be paid during the remainder of 2016 for the U.S. and international defined benefit plans are $1.6 million and $9.7 million, respectively.