Employee Benefits

9 Months Ended

Oct. 01, 2011

Employee Benefits

Employee Benefits

Note 6 — Employee Benefits

Seaboard maintains two defined benefit pension plans for its domestic salaried and clerical employees.  At this time, no contributions are expected to be made to these plans in 2011.  Seaboard also sponsors non-qualified, unfunded supplemental executive plans, and unfunded supplemental retirement agreements with certain executive employees.  Management has no plans to provide funding for these supplemental plans in advance of when the benefits are paid.

The net periodic benefit cost for all of these plans was as follows:

	Three Months Ended						Nine Months Ended
(Thousands of dollars)	October 1, 2011			October 2, 2010			October 1, 2011			October 2, 2010
Components of net periodic benefit cost:
Service cost	$	1,840		$	1,586		$	5,572		$	4,755
Interest cost	2,243			2,166			6,786			6,493
Expected return on plan assets	(1,616		)	(1,556		)	(4,935		)	(4,663		)
Amortization and other	1,012			999			3,055			2,995
Net periodic benefit cost	$	3,479		$	3,195		$	10,478		$	9,580