Note G – Pension Plans
The components of pension cost for ÂÒÂ×°Íʿ’s defined benefit plans
were as follows:
Ìý
|
|
|
|
|
|
|
|
|
| Ìý |
ÌýÌý |
ThreeÌýMonthsÌýEndedÌýMarch
|
Ìý |
| In thousands |
ÌýÌý |
2014 |
Ìý |
Ìý |
2013 |
Ìý |
|
Service cost – benefits earned during the period
|
ÌýÌý |
$ |
6,085 |
ÌýÌý |
Ìý |
$ |
6,893 |
ÌýÌý |
|
Interest cost on projected benefit obligations
|
ÌýÌý |
Ìý |
20,389 |
ÌýÌý |
Ìý |
Ìý |
18,051 |
ÌýÌý |
|
Expected return on plan assets
|
ÌýÌý |
Ìý |
(22,681 |
)Ìý |
Ìý |
Ìý |
(23,682 |
)Ìý |
|
Amortization of deferred amounts:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
|
Net deferred actuarial losses
|
ÌýÌý |
Ìý |
9,384 |
ÌýÌý |
Ìý |
Ìý |
21,362 |
ÌýÌý |
|
Deferred prior service costs
|
ÌýÌý |
Ìý |
1,362 |
ÌýÌý |
Ìý |
Ìý |
341 |
ÌýÌý |
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Net periodic pension cost
|
ÌýÌý |
$ |
14,539 |
ÌýÌý |
Ìý |
$ |
22,965 |
ÌýÌý |
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
During the first three months of 2014, ÂÒÂ×°ÍÊ¿ contributed $8.6 million
to its defined benefit plans. ÂÒÂ×°ÍÊ¿ intends to make approximately
$11.6 million of additional contributions during the remainder of
2014.
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