Pension Benefits | Postretirement Benefits | |||||||||||||||
December 31, | December 31, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Change in Benefit Obligation | (Thousands of dollars) | |||||||||||||||
Benefit obligation, beginning of period | $ | 1,313,560 | $ | 1,215,932 | $ | 299,172 | $ | 286,044 | ||||||||
Service cost | 22,968 | 21,301 | 4,612 | 4,960 | ||||||||||||
Interest cost | 54,449 | 59,237 | 11,713 | 13,893 | ||||||||||||
Plan participants’ contributions | — | — | 4,293 | 5,851 | ||||||||||||
Actuarial loss (gain) | (110,552 | ) | 105,732 | (29,460 | ) | 9,935 | ||||||||||
Benefits paid | (58,976 | ) | (88,642 | ) | (18,411 | ) | (21,380 | ) | ||||||||
Plan amendment | — | — | 17,228 | (131 | ) | |||||||||||
Benefit obligation, end of period | 1,221,449 | 1,313,560 | 289,147 | 299,172 | ||||||||||||
Change in Plan Assets | ||||||||||||||||
Fair value of plan assets, beginning of period | 995,264 | 902,235 | 148,162 | 124,163 | ||||||||||||
Actual return on plan assets | 176,889 | 90,026 | 27,483 | 14,273 | ||||||||||||
Employer contributions | — | 91,881 | 866 | 10,728 | ||||||||||||
Benefits paid | (59,404 | ) | (88,878 | ) | (876 | ) | (1,002 | ) | ||||||||
Fair value of assets, end of period | 1,112,749 | 995,264 | 175,635 | 148,162 | ||||||||||||
Balance at December 31 | $ | (108,700 | ) | $ | (318,296 | ) | $ | (113,512 | ) | $ | (151,010 | ) | ||||
Current liabilities | $ | (5,457 | ) | $ | (4,695 | ) | $ | — | $ | — | ||||||
Noncurrent liabilities | (103,243 | ) | (313,601 | ) | (113,512 | ) | (151,010 | ) | ||||||||
Balance at December 31 | $ | (108,700 | ) | $ | (318,296 | ) | $ | (113,512 | ) | $ | (151,010 | ) |