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Retiree Benefits
9 Months Ended
Jul. 26, 2013
Compensation and Retirement Disclosure [Abstract]  
Retiree Benefits
Retiree Benefits
The components of the net periodic pension and other postretirement benefits expense recognized are as follows:
 
 
Pension Benefits
 
Postretirement Benefits
 
Quarter Ended
 
Quarter Ended
(in thousands)
July 26,
2013
 
July 27,
2012
 
July 26,
2013
 
July 27,
2012
Service cost
$
2,848

 
$
2,748

 
$
270

 
$
220

Interest cost
19,524

 
20,620

 
292

 
302

Expected return on assets
(25,604
)
 
(24,612
)
 
(106
)
 
(57
)
Amortization of:
 
 
 
 
 
 
 
Prior service cost
153

 
327

 
17

 
13

Actuarial loss (gain)
7,264

 
8,415

 
(208
)
 
(272
)
Net periodic benefit cost
$
4,185

 
$
7,498

 
$
265

 
$
206


 
Pension Benefits
 
Postretirement Benefits
 
Nine Months Ended
 
Nine Months Ended
(in thousands)
July 26,
2013
 
July 27,
2012
 
July 26,
2013
 
July 27,
2012
Service cost
$
8,543

 
$
13,223

 
$
812

 
$
720

Interest cost
58,571

 
61,863

 
876

 
1,028

Expected return on assets
(76,812
)
 
(73,812
)
 
(320
)
 
(237
)
Amortization of:
 
 
 
 
 
 
 
Prior service cost
458

 
980

 
52

 
39

Actuarial loss (gain)
21,793

 
25,247

 
(625
)
 
(870
)
Curtailment loss

 
1,077

 

 

Net periodic benefit cost
$
12,553

 
$
28,578

 
$
795

 
$
680



The actuarial loss (gain) arises from differences in estimates and actual experiences for certain assumptions including changes in discount rate and expected return on assets. Through July 26, 2013, we have contributed $115.4 million to our defined benefit employee pension plans in fiscal 2013 and we plan to contribute approximately $140.0 million to $160.0 million for the full fiscal year.
On February 28, 2012 a modification was made to the Joy Global Pension Plan to freeze benefits for all salaried and non-bargained hourly participants effective May 1, 2012. We recorded a curtailment charge of $1.1 million in the second quarter of fiscal 2012 in conjunction with the freeze.