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Pension and Other Postretirement Benefits - (Tables)
6 Months Ended
Jun. 30, 2019
Pension Plan  
Pension Benefits  
Schedule of Components of Net Periodic Pension Cost and Postretirement Benefit Income
The components of net periodic pension cost were as follows:
 
 
For the Quarters Ended
 
 
June 30, 2019
 
July 1, 2018
(In thousands)
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All
Plans
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All
Plans
Service cost
 
$
1,279

 
$

 
$
1,279

 
$
2,553

 
$

 
$
2,553

Interest cost
 
14,708

 
2,088

 
16,796

 
13,206

 
1,848

 
15,054

Expected return on plan assets
 
(20,259
)
 

 
(20,259
)
 
(20,591
)
 

 
(20,591
)
Amortization of actuarial loss
 
4,635

 
1,094

 
5,729

 
6,680

 
1,294

 
7,974

Amortization of prior service credit
 
(486
)
 

 
(486
)
 
(486
)
 

 
(486
)
Net periodic pension (income)/cost (1)
 
$
(123
)
 
$
3,182

 
$
3,059

 
$
1,362

 
$
3,142

 
$
4,504


 
 
For the Six Months Ended
 
 
June 30, 2019
 
July 1, 2018
(In thousands)
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All
Plans
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All
Plans
Service cost
 
$
2,557

 
$

 
$
2,557

 
$
5,200

 
$

 
$
5,200

Interest cost
 
29,417

 
4,176

 
33,593

 
26,357

 
3,695

 
30,052

Expected return on plan assets
 
(40,517
)
 

 
(40,517
)
 
(41,145
)
 

 
(41,145
)
Amortization of actuarial loss
 
9,270

 
2,188

 
11,458

 
13,442

 
2,588

 
16,030

Amortization of prior service credit
 
(972
)
 

 
(972
)
 
(972
)
 

 
(972
)
Net periodic pension (income)/cost (1)
 
$
(245
)
 
$
6,364

 
$
6,119

 
$
2,882

 
$
6,283

 
$
9,165

(1) The service cost component of net periodic pension cost is recognized in Total operating costs, while the other components are included in Other components of net periodic benefit costs in our Condensed Consolidated Statements of Operations, below Operating profit.
Other Postretirement Benefit Plan  
Pension Benefits  
Schedule of Components of Net Periodic Pension Cost and Postretirement Benefit Income
The components of net periodic postretirement benefit income were as follows:
 
 
For the Quarters Ended
 
For the Six Months Ended
(In thousands)
 
June 30, 2019

 
July 1, 2018

 
June 30, 2019

 
July 1, 2018

Service cost
 
$
7

 
$
5

 
$
14

 
$
10

Interest cost
 
400

 
369

 
800

 
738

Amortization of actuarial loss
 
844

 
1,184

 
1,688

 
2,368

Amortization of prior service credit
 
(1,191
)
 
(1,643
)
 
(2,382
)
 
(3,182
)
Net periodic postretirement benefit cost/(income) (1)
 
$
60

 
$
(85
)
 
$
120

 
$
(66
)

(1) The service cost component of net periodic postretirement benefit cost is recognized in Total operating costs, while the other components are included in Other components of net periodic benefit costs in our Condensed Consolidated Statements of Operations, below Operating profit.