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Employee Benefit Plans (Tables) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]      
Pension expense from continuing operations
Pension expense from continuing operations was as follows:
  
 
Years ended December 31,
  
 
2014
 
2013
 
2012
 
 
(In thousands)
Company-administered plans:
 
 
 
 
 
 
Service cost
 
13,023

 
15,991

 
15,479

Interest cost
 
100,909

 
89,682

 
94,605

Expected return on plan assets
 
(115,410
)
 
(106,150
)
 
(96,342
)
Pension lump sum settlement expense
 
97,231

 

 

Census data adjustment
 

 
3,905

 

Amortization of:
 
 
 
 
 
 
Net actuarial loss
 
23,573

 
35,282

 
31,200

Prior service credit
 
(1,788
)
 
(1,818
)
 
(2,275
)
 
 
117,538

 
36,892

 
42,667

Union-administered plans
 
21,118

 
11,226

 
6,746

Net pension expense
 
$
138,656

 
48,118

 
49,413

 
 
 
 
 
 
 
Company-administered plans:
 
 
 
 
 
 
U.S.
 
$
118,797

 
37,636

 
38,992

Foreign
 
(1,259
)
 
(744
)
 
3,675

 
 
117,538

 
36,892

 
42,667

Union-administered plans
 
21,118

 
11,226

 
6,746

 
 
$
138,656

 
48,118

 
49,413

   
Summary of benefit obligations, assets and funded status
The following table sets forth the benefit obligations, assets and funded status associated with our pension plans:  
 
 
December 31,
 
 
2014
 
2013
 
 
(In thousands)
Change in benefit obligations:
 
 
 
 
Benefit obligations at January 1
 
$
2,104,749

 
2,207,421

Service cost
 
13,023

 
15,991

Interest cost
 
100,909

 
89,682

Actuarial loss (gain)
 
380,595

 
(129,259
)
Pension settlement
 
(259,319
)
 

Benefits paid
 
(87,020
)
 
(82,120
)
Foreign currency exchange rate changes
 
(31,822
)
 
3,034

Benefit obligations at December 31
 
2,221,115

 
2,104,749

 
 
 
 
 
Change in plan assets:
 
 
 
 
Fair value of plan assets at January 1
 
1,832,490

 
1,612,927

Actual return on plan assets
 
178,061

 
201,019

Employer contribution
 
107,483

 
96,186

Benefits paid
 
(87,020
)
 
(82,120
)
Pension settlement
 
(223,654
)
 

Foreign currency exchange rate changes
 
(31,943
)
 
4,478

Fair value of plan assets at December 31
 
1,775,417

 
1,832,490

Funded status
 
$
(445,698
)
 
(272,259
)
Funded percent
 
80
%
 
87
%
   
Amounts recognized in the Consolidated Balance Sheets
Amounts recognized in the Consolidated Balance Sheets consisted of:
 
 
December 31,
 
 
2014
 
2013
 
 
(In thousands)
Noncurrent asset
 
$
2,698

 
23,556

Current liability
 
(3,739
)
 
(3,660
)
Noncurrent liability
 
(444,657
)
 
(292,155
)
Net amount recognized
 
$
(445,698
)
 
(272,259
)
   
Amounts recognized in accumulated other comprehensive loss (pre-tax)
Amounts recognized in accumulated other comprehensive loss (pre-tax) consisted of:
 
 
December 31,
 
 
2014
 
2013
 
 
(In thousands)
Prior service credit
 
$
(195
)
 
(2,153
)
Net actuarial loss
 
905,976

 
745,356

Net amount recognized
 
$
905,781

 
743,203

   
Summary of weighted-average actuarial assumptions
The following table sets forth the weighted-average actuarial assumptions used for Ryder’s pension plans in determining annual pension expense:
 
 
U.S. Plans
Years ended December 31,
 
Foreign Plans
Years ended December 31,
 
 
2014
 
2013
 
2012
 
2014
 
2013
 
2012
Discount rate
 
5.00%
 
4.10%
 
4.90%
 
4.57%
 
4.43%
 
4.76%
Rate of increase in compensation levels
 
3.00%
 
4.00%
 
4.00%
 
3.09%
 
3.55%
 
3.54%
Expected long-term rate of return on plan assets
 
6.50%
 
6.80%
 
7.05%
 
5.94%
 
6.57%
 
6.00%
Gain and loss amortization in years
 
23
 
23
 
24
 
27
 
26
 
27
The following table sets forth the weighted-average actuarial assumptions used in determining funded status:
 
 
U.S. Plans
December 31,
 
Foreign Plans
December 31,
 
 
2014
 
2013
 
2014
 
2013
Discount rate
 
4.15%
 
5.00%
 
3.69%
 
4.58%
Rate of increase in compensation levels
 
3.00%
 
3.00%
 
3.09%
 
3.09%
   
Summary of pension obligations greater than fair value of related plan assets
At December 31, 2014 and 2013, our pension obligations (accumulated benefit obligations (ABO) and projected benefit obligations (PBO) greater than the fair value of related plan assets for our U.S. and foreign plans were as follows: 
 
 
U.S. Plans
December 31,
 
Foreign Plans
December 31,
 
Total
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
 
(In thousands)
Accumulated benefit obligations
 
$
1,689,191

 
1,628,407

 
487,604

 
445,993

 
2,176,795

 
2,074,400

Plans with ABO in excess of plan assets:
 
 
 
 
 
 
 
 
 
 
 
 
PBO
 
$
1,728,643

 
1,656,086

 
9,172

 
9,303

 
1,737,815

 
1,665,389

ABO
 
$
1,689,191

 
1,628,407

 
5,620

 
7,740

 
1,694,811

 
1,636,147

Fair value of plan assets
 
$
1,289,621

 
1,369,574

 

 

 
1,289,621

 
1,369,574

Plans with PBO in excess of plan assets:
 
 
 
 
 
 
 
 
 
 
 
 
PBO
 
$
1,728,643

 
1,656,086

 
9,172

 
9,303

 
1,737,815

 
1,665,389

ABO
 
$
1,689,191

 
1,628,407

 
5,620

 
7,740

 
1,694,811

 
1,636,147

Fair value of plan assets
 
$
1,289,621

 
1,369,574

 

 

 
1,289,621

 
1,369,574

   
Fair value of each major category of pension plan assets and the level of inputs used to measure fair value
The following table presents the fair value of each major category of pension plan assets and the level of inputs used to measure fair value as of December 31, 2014 and 2013:
 
 
 
Fair Value Measurements at
December 31, 2014
Asset Category
 
Total
 
Level 1
 
Level 2
 
Level 3
 
 
(In thousands)
Equity securities:
 
 
 
 
 
 
 
 
U.S. common collective trusts
 
$
421,185

 

 
421,185

 

Foreign common collective trusts
 
405,224

 

 
405,224

 

Fixed income securities:
 
 
 
 
 
 
 
 
Corporate bonds
 
70,999

 

 
70,999

 

Common collective trusts
 
788,282

 

 
788,282

 

Private equity and hedge funds
 
89,727

 

 

 
89,727

Total
 
$
1,775,417

 

 
1,685,690

 
89,727

 
 
 
Fair Value Measurements at
December 31, 2013
Asset Category
 
Total
 
Level 1
 
Level 2
 
Level 3
 
 
(In thousands)
Equity securities:
 
 
 
 
 
 
 
 
U.S. companies
 
$
63,346

 
63,346

 

 

U.S. common collective trusts
 
406,358

 

 
406,358

 

Foreign common collective trusts
 
431,933

 

 
431,933

 

Fixed income securities:
 
 
 
 
 
 
 
 
Corporate bonds
 
59,917

 

 
59,917

 

Common collective trusts
 
794,437

 

 
794,437

 

Private equity and hedge funds
 
76,499

 

 

 
76,499

Total
 
$
1,832,490

 
63,346

 
1,692,645

 
76,499


   
Summary of changes in fair value of the pension plans Level 3 assets
The following table presents a summary of changes in the fair value of the pension plans’ Level 3 assets for the years ended December 31, 2014 and 2013: 
 
 
2014
 
2013
 
 
(In thousands)
Beginning balance at January 1
 
$
76,499

 
71,207

Return on plan assets:
 
 
 
 
Relating to assets still held at the reporting date
 
4,903

 
4,258

Relating to assets sold during the period
 
1,882

 
2,194

Purchases, sales, settlements and expenses
 
6,443

 
(1,160
)
Ending balance at December 31
 
$
89,727

 
76,499

   
Pension benefits expected to be paid
The following table details pension benefits expected to be paid in each of the next five fiscal years and in aggregate for the five fiscal years thereafter:
 
(In thousands)

2015
$
94,093

2016
98,874

2017
103,272

2018
108,311

2019
113,078

2020-2024
622,761

   
Schedule of multi-employer plan
Among other factors, plans in the red zone are generally less than sixty-five percent funded, plans in the yellow zone are less than eighty percent funded, and plans in the green zone are at least eighty percent funded.

 
 
 
 
Pension Protection Act Zone Status
 
 
 
Ryder Contributions
 
 
 
Expiration Date(s) of Collective-Bargaining Agreement(s)
Pension Fund
 
Employer Identification Number
 
2014
 
2013
 
FIP/RP Status Pending/ Implemented (1)
 
2014
 
2013
 
2012
 
Surcharge Imposed
 
 
 
 
 
 
 
 
 
 
 
(Dollars in thousands)
 
 
 
 
Western Conference Teamsters
 
91-6145047
 
Green
 
Green
 
No
 
$
2,315

 
2,180

 
1,943

 
No
 
1/12/15 to 6/30/19
IAM National
 
51-6031295
 
Green
 
Green
 
No
 
3,311

 
2,987

 
2,038

 
No
 
9/14/15 to 9/30/19
Automobile Mechanics
Local No. 701
 
36-6042061
 
Red
 
Red
 
RP Adopted
 
1,632

 
1,530

 
1,527

 
Yes
 
5/31/16 to 10/31/17
Central States Southeast and Southwest Areas
 
36-6044243
 
Red
 
Red
 
RP adopted
 
211

 
226

 
226

 
No
 
10/31/15 to 5/31/17
Other funds
 
 
 
 
 
 
 
 
 
1,085

 
1,483

 
1,012

 
 
 
 
Total contributions
 
 
 
 
 
 
 
 
 
8,554

 
8,406

 
6,746

 
 
 
 
Pension settlement charges
 
 
 
 
 
 
 
 
 
12,564

 
2,820

 

 
 
 
 
Union-administered plans
 
 
 
 
 
 
 
 
 
$
21,118

 
11,226

 
6,746

 
 
 
 
_____________ 
(1)
The “FIP/RP Status Pending/Implemented” column indicates plans for which a financial improvement plan (FIP) or a rehabilitation plan (RP) is either pending or has been implemented.

   
Weighted-average discount rates used in determining annual postretirement benefit expense
The following table sets forth the weighted-average discount rates used in determining annual postretirement benefit expense: 
 
 
U.S. Plan
Years ended December 31,
 
Foreign Plan
Years ended December 31,
 
 
2014
 
2013
 
2012
 
2014
 
2013
 
2012
Discount rate
 
5.00%
 
4.10%
 
4.90%
 
4.80%
 
4.00%
 
4.50%
   
Other Postretirement Benefits [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Pension expense from continuing operations
Total postretirement benefit expense was as follows: 
 
 
Years ended December 31,
 
 
2014
 
2013
 
2012
 
 
(In thousands)
Service cost
 
$
446

 
981

 
1,095

Interest cost
 
1,421

 
1,580

 
1,980

Amortization of:
 
 
 
 
 
 
Net actuarial gain
 
(725
)
 
(14
)
 
(20
)
Prior service credit
 
(2,459
)
 
(231
)
 
(231
)
Postretirement benefit (income) expense
 
$
(1,317
)
 
2,316

 
2,824

 
 
 
 
 
 
 
U.S.
 
$
(1,839
)
 
1,625

 
2,142

Foreign
 
522

 
691

 
682

 
 
$
(1,317
)
 
2,316

 
2,824

   
Amounts recognized in the Consolidated Balance Sheets
Amounts recognized in the Consolidated Balance Sheets consisted of:
 
 
December 31,
 
 
2014
 
2013
 
 
(In thousands)
Current liability
 
$
2,112

 
2,414

Noncurrent liability
 
26,889

 
28,374

Amount recognized
 
$
29,001

 
30,788

   
Amounts recognized in accumulated other comprehensive loss (pre-tax)
Amounts recognized in accumulated other comprehensive loss (pre-tax) consisted of:
 
 
December 31,
 
 
2014
 
2013
 
 
(In thousands)
Prior service credit
 
$
(2,527
)
 
(4,986
)
Net actuarial gain
 
(5,933
)
 
(6,239
)
Net amount recognized
 
$
(8,460
)
 
(11,225
)
   
Summary of weighted-average actuarial assumptions
Assumptions used in determining accrued postretirement benefit obligations were as follows:
 
 
U.S. Plan
December 31,
 
Foreign Plan
December 31,
 
 
2014
 
2013
 
2014
 
2013
Discount rate
 
4.15
%
 
5.00
%
 
4.00
%
 
4.80
%
Rate of increase in compensation levels
 
3.00
%
 
3.00
%
 
3.00
%
 
3.00
%
Healthcare cost trend rate assumed for next year
 
7.00
%
 
7.25
%
 
6.00
%
 
6.50
%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate)
 
5.00
%
 
5.00
%
 
5.00
%
 
5.00
%
Year that the rate reaches the ultimate trend rate
 
2023

 
2023

 
2017

 
2017

   
Pension benefits expected to be paid
The following table details other postretirement benefits expected to be paid in each of the next five fiscal years and in aggregate for the five fiscal years thereafter:
 
(In thousands)

2015
$
2,156

2016
2,273

2017
2,324

2018
2,376

2019
2,404

2020-2024
10,824

   
Interest cost $ 1,421us-gaap_DefinedBenefitPlanInterestCost
/ us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis
= us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember
$ 1,580us-gaap_DefinedBenefitPlanInterestCost
/ us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis
= us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember
$ 1,980us-gaap_DefinedBenefitPlanInterestCost
/ us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis
= us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember
Benefit obligations associated with postretirement benefit plans
The following table sets forth the benefit obligations associated with our postretirement benefit plans:
 
 
December 31,
 
 
2014
 
2013
 
 
(In thousands)
Benefit obligations at January 1
 
$
30,788

 
40,599

Service cost
 
446

 
981

Interest cost
 
1,421

 
1,580

Actuarial gain
 
(1,010
)
 
(9,332
)
Benefits paid
 
(1,989
)
 
(2,515
)
Foreign currency exchange rate changes
 
(655
)
 
(525
)
Benefit obligations at December 31
 
$
29,001

 
30,788