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Pension and Other Postretirement Benefits - (Tables)
6 Months Ended
Jun. 28, 2020
Pension Plan  
Pension Benefits  
Schedule of Components of Net Periodic Pension Cost and Postretirement Benefit Income
The components of net periodic pension cost/(income) were as follows:
 
 
For the Quarters Ended
 
 
June 28, 2020
 
June 30, 2019
(In thousands)
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All
Plans
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All
Plans
Service cost
 
$
2,607

 
$

 
$
2,607

 
$
1,279

 
$

 
$
1,279

Interest cost
 
11,742

 
1,649

 
13,391

 
14,708

 
2,088

 
16,796

Expected return on plan assets
 
(17,745
)
 

 
(17,745
)
 
(20,259
)
 

 
(20,259
)
Amortization of actuarial loss
 
5,655

 
1,522

 
7,177

 
4,635

 
1,094

 
5,729

Amortization of prior service credit
 
(486
)
 

 
(486
)
 
(486
)
 

 
(486
)
Net periodic pension cost/(income) (1)
 
$
1,773

 
$
3,171

 
$
4,944

 
$
(123
)
 
$
3,182

 
$
3,059


 
 
For the Six Months Ended
 
 
June 28, 2020
 
June 30, 2019
(In thousands)
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All
Plans
 
Qualified
Plans
 
Non-
Qualified
Plans
 
All
Plans
Service cost
 
$
5,214

 
$

 
$
5,214

 
$
2,557

 
$

 
$
2,557

Interest cost
 
23,484

 
3,297

 
26,781

 
29,417

 
4,176

 
33,593

Expected return on plan assets
 
(35,481
)
 

 
(35,481
)
 
(40,517
)
 

 
(40,517
)
Amortization of actuarial loss
 
11,310

 
3,043

 
14,353

 
9,270

 
2,188

 
11,458

Amortization of prior service credit
 
(972
)
 

 
(972
)
 
(972
)
 

 
(972
)
Net periodic pension cost/(income) (1)
 
$
3,555

 
$
6,340

 
$
9,895

 
$
(245
)
 
$
6,364

 
$
6,119

(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)/cost were as follows:
 
 
For the Quarters Ended
 
For the Six Months Ended
(In thousands)
 
June 28, 2020

 
June 30, 2019

 
June 28, 2020

 
June 30, 2019

Service cost
 
$
7

 
$
7

 
$
14

 
$
14

Interest cost
 
257

 
400

 
513

 
800

Amortization of actuarial loss
 
763

 
844

 
1,526

 
1,688

Amortization of prior service credit
 
(1,223
)
 
(1,191
)
 
(2,279
)
 
(2,382
)
Net periodic postretirement benefit (income)/cost (1)
 
$
(196
)
 
$
60

 
$
(226
)
 
$
120


(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.