Quarterly report pursuant to Section 13 or 15(d)

BENEFIT PLANS (Tables)

v3.8.0.1
BENEFIT PLANS (Tables)
 9 Months Ended
Sep. 30, 2017
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
The following table shows the components of net periodic (benefit) cost for all plans.
 
Pension Benefits
 
Post-Retirement Benefits
 
Three Months Ended September 30,
 
Three Months Ended September 30,
(dollar amounts in thousands)
2017
 
2016
 
2017
 
2016
Service cost
$
640

 
$
1,425

 
$
22

 
$
16

Interest cost
7,478

 
7,978

 
98

 
79

Expected return on plan assets
(13,803
)
 
(12,086
)
 
—

 
—

Amortization of prior service cost
—

 
—

 
(492
)
 
(492
)
Amortization of (gain) loss
1,747

 
1,865

 
(55
)
 
(72
)
Settlements
5,049

 
3,400

 
—

 
—

Net periodic (benefit) cost
$
1,111

 
$
2,582

 
$
(427
)
 
$
(469
)

 
Pension Benefits
 
Post-Retirement Benefits
 
Nine Months Ended September 30,
 
Nine Months Ended September 30,
(dollar amounts in thousands)
2017
 
2016
 
2017
 
2016
Service cost
$
1,920

 
$
3,475

 
$
65

 
$
16

Interest cost
22,433

 
21,474

 
296

 
188

Expected return on plan assets
(41,409
)
 
(32,533
)
 
—

 
—

Amortization of prior service cost
—

 
—

 
(1,476
)
 
(1,476
)
Amortization of (gain) loss
5,241

 
5,594

 
(164
)
 
(216
)
Settlements
10,049

 
10,200

 
—

 
—

Net periodic (benefit) cost
$
(1,766
)
 
$
8,210

 
$
(1,279
)
 
$
(1,488
)


Schedule of Costs of Retirement Plans
defined contribution plans during the third quarter 2017 and 2016 was $5 million and $9 million, respectively. For the nine-month periods ended September 30, 2017 and 2016, expense related to the defined contribution plans was $26 million and $26 million, respectively.