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Pension and Other Postretirement Benefits - (Tables)
3 Months Ended
Mar. 29, 2020
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
 
 
March 29, 2020
 
March 31, 2019
(In thousands)
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All
Plans
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All
Plans
Service cost
 
$
2,607

 
$

 
$
2,607

 
$
1,278

 
$

 
$
1,278

Interest cost
 
11,742

 
1,648

 
13,390

 
14,709

 
2,088

 
16,797

Expected return on plan assets
 
(17,736
)
 

 
(17,736
)
 
(20,258
)
 

 
(20,258
)
Amortization of actuarial loss
 
5,655

 
1,521

 
7,176

 
4,635

 
1,094

 
5,729

Amortization of prior service credit
 
(486
)
 

 
(486
)
 
(486
)
 

 
(486
)
Net periodic pension (income)/cost (1)
 
$
1,782

 
$
3,169

 
$
4,951

 
$
(122
)
 
$
3,182

 
$
3,060


(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 cost/(income) were as follows:
 
 
For the Quarters Ended
(In thousands)
 
March 29, 2020

 
March 31, 2019

Service cost
 
$
7

 
$
7

Interest cost
 
256

 
400

Amortization of actuarial loss
 
763

 
844

Amortization of prior service credit
 
(1,056
)
 
(1,191
)
Net periodic postretirement benefit cost/(income) (1)
 
$
(30
)
 
$
60


(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.