PENSION AND POSTRETIREMENT BENEFITS

6 Months Ended

Jun. 30, 2016

Compensation And Retirement Disclosure [Abstract]

PENSION AND POSTRETIREMENT BENEFITS

NOTE 8—PENSION AND POSTRETIREMENT BENEFITS

Net periodic cost 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
	Three months ended June 30,						Six months ended June 30,
	2016			2015			2016			2015
	(In thousands)
Interest cost	$	5,293		$	5,425		$	10,552		$	10,807
Expected return on plan assets		(5,001	)		(6,677	)		(10,004	)		(13,354	)
Net periodic (benefit) cost	$	292		$	(1,252	)	$	548		$	(2,547	)
	TCN Plan
	Three months ended June 30,						Six months ended June 30,
	2016			2015			2016			2015
	(In thousands)
Interest cost	$	338		$	406		$	676		$	813
Expected return on plan assets		(397	)		(710	)		(794	)		(1,420	)
Net periodic benefit	$	(59	)	$	(304	)	$	(118	)	$	(607	)