EMPLOYEE BENEFIT PLANS (Tables)

3 Months Ended

Mar. 31, 2018

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Schedule of Components of Net Periodic Benefit Cost

The net pension and postretirement benefit (credit) costs that have been recorded are shown in the following table:

Components of Net Periodic Benefit (Credit) Cost	Income Statement Location (a)	Pension						Postretirement
		Three Months Ended March 31,						Three Months Ended March 31,
		2018			2017			2018		2017
Components of Net Periodic Benefit (Credit) Cost
Service cost	Selling and general expenses	—			—				$2		$2
Interest cost	Interest and other miscellaneous income, net	751			815			12		13
Expected return on plan assets (b)	Interest and other miscellaneous income, net	(982		)	(945		)	—		—
Amortization of losses	Interest and other miscellaneous income, net	159			116			1		—
Net periodic benefit (credit) cost			($72	)		($14	)		$15		$15

(a) Due to the adoption of ASU No. 2017-07, the service cost component of net periodic benefit (credit) cost is now recorded to “Selling and general expenses” in the Consolidated Statements of Income and Comprehensive Income with other compensation costs arising from services rendered by employees during the period. The other components of net periodic benefit (credit) cost (interest cost, expected return on plan assets and amortization of losses) are now recorded to “Interest and other miscellaneous income, net” in the Consolidated Statements of Income. Prior period amounts have been reclassified to conform to current period presentation. See Note 1 — Basis of Presentation for additional information.

(b) The weighted-average expected long-term rate of return on plan assets used in computing 2018 net periodic benefit cost for pension benefits is 7.2%.