Pension And Postretirement Benefits (Policy)

3 Months Ended

Mar. 31, 2018

Pension And Postretirement Benefits

Capitalization Of Benefit Plan Costs

The service cost component of net periodic pension cost (benefit) is recorded in operating expenses in the consolidated statements of income while the remaining components are recorded in other income (expense) – net. Service costs are eligible for capitalization as part of internal construction projects, providing a small reduction in the net expense recorded.

Recognition Of Actuarial Gains And Losses

We recognize actuarial gains and losses on pension and postretirement plan assets in our consolidated results as a component of other income (expense) – net at our annual measurement date of December 31, unless earlier remeasurements are required.