Benefit Obligations

3 Months Ended

Mar. 31, 2013

Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]

Benefit Obligations

Note 5 — Benefit Obligations

The Company provides retirement benefits to certain current and former U.S. employees under defined benefit pension plans, which include a management plan and a represented plan. Benefits under the management plan are based on an adjusted career-average-pay formula or a cash-balance program. Benefit under the represented plan are based on a dollar-per-month formula. Benefits accruals under the management plan were frozen in 2009. Participants in the adjusted career-average-pay program no longer earn service accruals. Participants in the cash-balance program no longer earn service accruals, but continue to earn 4% interest per year on their cash-balance accounts. There are no active participants under the represented plan.

The Company also has a non-qualified supplemental pension plan in the U.S. that principally provides benefits based on compensation in excess of amounts that can be considered under the management plan. In addition, the Company provides post-retirement life insurance coverage under a group life insurance plan for certain U.S. employees. The Company also has pension plans covering certain international employees.

The following table summarizes the components of the net periodic benefit cost:

	Three Months Ended
	March 31, 2013						April 1, 2012
	Pension Benefits			Post-retirement Benefits			Pension Benefits			Post-retirement Benefits
	(In thousands)
Service cost	$	123		$	25		$	109		$	25
Interest cost		14,270			600			15,252			650
Expected return on plan assets		(16,581	)		(875	)		(17,023	)		(1,050	)
Amortization of net actuarial loss, prior service cost and transition asset		4,669			375			3,469			500
Total benefit cost	$	2,481		$	125		$	1,807		$	125

During the three months ended March 31, 2013, the Company contributed $15.3 million to its pension plans. The Company expects to contribute an additional $36.4 million to its pension plans during the remainder of 2013. The Company does not expect to contribute to its post-retirement benefit plan in 2013.