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Pension and Other Postretirement Benefits - (Tables)
9 Months Ended
Sep. 29, 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
 
 
September 29, 2019
 
September 30, 2018
(In thousands)
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All
Plans
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All
Plans
Service cost
 
$
1,278

 
$

 
$
1,278

 
$
2,393

 
$

 
$
2,393

Interest cost
 
14,708

 
2,089

 
16,797

 
13,207

 
1,848

 
15,055

Expected return on plan assets
 
(20,258
)
 

 
(20,258
)
 
(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
 
(487
)
 

 
(487
)
 
(487
)
 

 
(487
)
Other
 

 

 

 

 
421

 
421

Net periodic pension (income)/cost (1)
 
$
(124
)
 
$
3,183

 
$
3,059

 
$
1,202

 
$
3,563

 
$
4,765


 
 
For the Nine Months Ended
 
 
September 29, 2019
 
September 30, 2018
(In thousands)
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All
Plans
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All
Plans
Service cost
 
$
3,835

 
$

 
$
3,835

 
$
7,593

 
$

 
$
7,593

Interest cost
 
44,125

 
6,265

 
50,390

 
39,564

 
5,543

 
45,107

Expected return on plan assets
 
(60,775
)
 

 
(60,775
)
 
(61,736
)
 

 
(61,736
)
Amortization of actuarial loss
 
13,905

 
3,282

 
17,187

 
20,122

 
3,882

 
24,004

Amortization of prior service credit
 
(1,459
)
 

 
(1,459
)
 
(1,459
)
 

 
(1,459
)
Other
 

 

 

 

 
421

 
421

Net periodic pension (income)/cost (1)
 
$
(369
)
 
$
9,547

 
$
9,178

 
$
4,084

 
$
9,846

 
$
13,930

(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 Nine Months Ended
(In thousands)
 
September 29, 2019

 
September 30, 2018

 
September 29, 2019

 
September 30, 2018

Service cost
 
$
6

 
$
8

 
$
20

 
$
18

Interest cost
 
402

 
370

 
1,202

 
1,108

Amortization of actuarial loss
 
843

 
1,183

 
2,531

 
3,551

Amortization of prior service credit
 
(1,192
)
 
(1,590
)
 
(3,574
)
 
(4,772
)
Net periodic postretirement benefit cost/(income) (1)
 
$
59

 
$
(29
)
 
$
179

 
$
(95
)

(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.