Employee Benefit Plans

9 Months Ended

Sep. 30, 2011

Employee Benefit Plans [Abstract]

EMPLOYEE BENEFIT PLANS

(R) EMPLOYEE BENEFIT PLANS

Components of net periodic benefit cost were as follows:

	Three months ended September 30,						Nine months ended September 30,
	2011			2010			2011			2010
	(In thousands)
Pension Benefits
Company-administered plans:
Service cost	$	3,676			3,538		$	11,059			11,690
Interest cost		24,374			24,062			73,248			72,004
Expected return on plan assets		(25,441	)		(23,322	)		(76,477	)		(69,743	)
Amortization of:
Transition obligation		(8	)		(6	)		(23	)		(18	)
Net actuarial loss		5,054			4,758			15,185			14,257
Prior service credit		(568	)		(564	)		(1,710	)		(1,690	)
		7,087			8,466			21,282			26,500
Union-administered plans		1,627			1,296			4,423			3,887
Net periodic benefit cost	$	8,714			9,762		$	25,705			30,387
Company-administered plans:
U.S.	$	7,243			8,433		$	21,730			25,300
Non-U.S.		(156	)		33			(448	)		1,200
		7,087			8,466			21,282			26,500
Union-administered plans		1,627			1,296			4,423			3,887
	$	8,714			9,762		$	25,705			30,387
Postretirement Benefits
Company-administered plans:
Service cost	$	323			343		$	973			1,028
Interest cost		625			680			1,879			2,039
Amortization of:
Net actuarial loss		36			88			173			263
Prior service credit		(58	)		(58	)		(173	)		(173	)
Net periodic benefit cost	$	926			1,053		$	2,852			3,157
Company-administered plans:
U.S.	$	789			783		$	2,366			2,350
Non-U.S.		137			270			486			807
	$	926			1,053		$	2,852			3,157

Pension Contributions

During the nine months ended September 30, 2011, we contributed $12.4 million to our pension plans. During the fourth quarter of 2011, we expect to contribute approximately $3.4 million to our pension plans.

Savings Plans

Employees who do not actively participate in pension plans and are not covered by union-administered plans are generally eligible to participate in enhanced savings plans. Plans provide for (i) a company contribution even if employees do not make contributions, (ii) a company match of employee contributions of eligible pay, subject to tax limits and (iii) a discretionary company match based on our performance. During the three months ended September 30, 2011 and 2010, we recognized total savings plan costs of $9.6 million and $6.7 million, respectively. During the nine months ended September 30, 2011 and 2010, we recognized total savings plan costs of $30.1 million and $20.0 million, respectively.