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Disclosures About Defined Pension Benefit Obligations
6 Months Ended
Apr. 01, 2016
Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]  
Disclosures About Defined Pension Benefit Obligations

Disclosures About Defined Pension Benefit Obligations

The following table presents the components of net periodic benefit cost recognized in earnings during each of the three and six months ended April 1, 2016 and March 27, 2015 (in thousands):

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

April 1,

2016

 

 

March 27,

2015

 

 

April 1,

2016

 

 

March 27,

2015

 

Component:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

8,504

 

 

$

8,261

 

 

$

17,180

 

 

$

16,836

 

Interest cost

 

 

15,207

 

 

 

16,103

 

 

 

30,909

 

 

 

32,761

 

Expected return on plan assets

 

 

(18,926

)

 

 

(20,365

)

 

 

(38,433

)

 

 

(41,415

)

Amortization of previously unrecognized items

 

 

5,579

 

 

 

5,108

 

 

 

11,312

 

 

 

10,436

 

Settlement (gain) loss

 

 

(169

)

 

 

15

 

 

 

(332

)

 

 

159

 

Net periodic benefit cost

 

$

10,195

 

 

$

9,122

 

 

$

20,636

 

 

$

18,777

 

 

Included in the above table are amounts relating to a U.S. pension plan, the participating employees of which are assigned to, and work exclusively on, a specific operating contract with the U.S. federal government. It is the expectation of the parties to this contract that the cost of this pension plan will be fully reimbursed by the U.S. federal government pursuant to applicable cost accounting standards. The underfunded amount for this pension plan is included in “Other Noncurrent Assets” in the accompanying Consolidated Balance Sheets at April 1, 2016. Net periodic pension costs for this pension plan for the three and six months ended April 1, 2016 were $3.3 million and $6.7 million, respectively, and three and six months ended March 27, 2015 were $1.5 million and $2.9 million, respectively.

The following table presents certain information regarding Company cash contributions to our pension plans for fiscal 2016 (in thousands):

 

Cash contributions made during the first six months of

   fiscal 2016

 

$

18,266

 

Cash contributions we expect to make during the remainder

   of fiscal 2016

 

 

16,256

 

Total

 

$

34,522