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Employee Benefit Plans
9 Months Ended
Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plans
Employee Benefit Plans
 
 
Three Months Ended
 
 
September 30
Defined Benefit Pension Plans Net Periodic Pension Cost
 
U.S. Plans
 
International Plans
(In thousands)
 
2016
 
2015
 
2016
 
2015
Service cost
 
$
945

 
$
722

 
$
405

 
$
428

Interest cost
 
2,545

 
3,089

 
6,542

 
9,146

Expected return on plan assets
 
(3,601
)
 
(4,203
)
 
(10,475
)
 
(12,630
)
Recognized prior service costs
 
16

 
20

 
44

 
47

Recognized loss
 
1,373

 
1,230

 
2,923

 
4,244

Settlement/curtailment losses
 
223

 

 

 

Defined benefit pension plans net periodic pension cost (income)
 
$
1,501

 
$
858

 
$
(561
)
 
$
1,235

 
 
Nine Months Ended
 
 
September 30
Defined Benefit Pension Plans Net Periodic Pension Cost
 
U.S. Plans
 
International Plans
(In thousands)
 
2016
 
2015
 
2016
 
2015
Service costs
 
$
2,837

 
$
2,167

 
$
1,214

 
$
1,320

Interest cost
 
7,635

 
9,268

 
20,649

 
27,475

Expected return on plan assets
 
(10,803
)
 
(12,609
)
 
(33,157
)
 
(37,914
)
Recognized prior service costs
 
47

 
60

 
133

 
144

Recognized loss
 
4,117

 
3,689

 
9,283

 
12,700

Settlement/curtailment losses
 
223

 

 

 

Defined benefit pension plans net periodic pension cost (income)
 
$
4,056

 
$
2,575

 
$
(1,878
)
 
$
3,725



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 represented a change in accounting estimate and has been accounted for in the period of change. This change in method decreased the Company's NPPC by approximately
$2 million and approximately $5 million for the three and nine months ended September 30, 2016, respectively, compared to what NPPC would have been under the prior method.
 
 
Three Months Ended
 
Nine Months Ended
Company Contributions
 
September 30
 
September 30
(In thousands)
 
2016
 
2015
 
2016
 
2015
Defined benefit pension plans (U.S.)
 
$
471

 
$
567

 
$
1,411

 
$
1,841

Defined benefit pension plans (International)
 
3,170

 
3,935

 
16,222

 
24,166

Multiemployer pension plans
 
494

 
570

 
1,520

 
1,876

Defined contribution pension plans
 
2,291

 
2,619

 
7,593

 
8,884


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 $0.5 million and $3.4 million, respectively.