PENSION AND POSTRETIREMENT BENEFITS

3 Months Ended

Mar. 31, 2016

Compensation And Retirement Disclosure [Abstract]

PENSION AND POSTRETIREMENT BENEFITS

NOTE 8—PENSION AND POSTRETIREMENT BENEFITS

Net periodic benefit gain for our non-contributory qualified defined benefit pension plan and several of our non-qualified supplemental defined benefit pension plans (the “Domestic Plans”) and our J. Ray McDermott, S.A. Third Country National Employees Pension Plan (the “TCN Plan”) includes the following components:

	Domestic Plans						TCN Plan
	Three Months Ended March 31,
	2016			2015			2016			2015
	(In thousands)
Interest cost	$	5,259		$	5,382		$	338		$	407
Expected return on plan assets		(5,003	)		(6,677	)		(397	)		(710	)
Net periodic (benefit) cost	$	256		$	(1,295	)	$	(59	)	$	(303	)