Pension And Other Retirement Plans

3 Months Ended

Mar. 31, 2018

NOTE 10: PENSION AND OTHER RETIREMENT PLANS

The components of net periodic benefit credit for Company-sponsored pension plans for the three months ended March 31, 2018 and March 31, 2017 were as follows (in thousands):



	Pension Benefits
	Three Months Ended
	March 31, 2018			March 31, 2017
Service cost	$	293		$	186
Interest cost	17,740			19,569
Expected return on plans’ assets	(24,818		)	(25,327		)
Amortization of prior service costs	35			23
Net periodic benefit credit	$	(6,750	)	$	(5,549	)

Net periodic benefit cost related to other post retirement benefit plans was not material for all periods presented. The service cost component of pension net periodic benefit credit is included in SG&A in the Company’s unaudited Condensed Consolidated Statements of Operations. All other components of net periodic benefit credit are included in Pension and other postretirement periodic benefit credit, net in the Company’s unaudited Condensed Consolidated Statements of Operations.

For 2018, the Company expects to contribute $36 million to its qualified pension plans and $1 million to its other postretirement plans. In the three months ended March 31, 2018 and March 31, 2017, the Company’s contributions were not material. On April 12, 2018, the Company contributed $25 million to its qualified pension plans and expects to contribute an additional $11 million in 2018.