PENSION AND POSTRETIREMENT BENEFITS

9 Months Ended

Sep. 30, 2016

Compensation And Retirement Disclosure [Abstract]

PENSION AND POSTRETIREMENT BENEFITS

NOTE 8—PENSION AND POSTRETIREMENT BENEFITS

Net periodic cost (benefit) 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 September 30,						Nine months ended September 30,
	2016			2015			2016			2015
	(In thousands)
Interest cost	$	5,276		$	5,403		$	15,828		$	16,210
Expected return on plan assets		(5,002	)		(6,676	)		(15,006	)		(20,030	)
Net periodic cost (benefit)	$	274		$	(1,273	)	$	822		$	(3,820	)
	TCN Plan
	Three months ended September 30,						Nine months ended September 30,
	2016			2015			2016			2015
	(In thousands)
Interest cost	$	338		$	407		$	1,014		$	1,220
Expected return on plan assets		(397	)		(710	)		(1,191	)		(2,130	)
Net periodic benefit	$	(59	)	$	(303	)	$	(177	)	$	(910	)