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Dividends received from affiliates for the fiscal years ended October 26, 2014, October 27, 2013, and October 28, 2012, were $22.8 million, $34.0 million, and $37.1 million, respec- tively. The Company recognized a basis difference of $21.3 million associated with the formation of MegaMex Foods, LLC, of which $17.0 million is remaining as of October 26, 2014. This difference is being amortized through equity in earnings of affiliates. 

## Note H 

## Long-term Debt and Other Borrowing Arrangements 

Long-term debt consists of: 

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The Company has a $300.0 million revolving line of credit which matures in November 2016 and bears interest at a variable rate based on LIBOR. As of October 26, 2014, and October 27, 2013, the Company had no outstanding draws from this line of credit. A fixed fee is paid for the availability of this credit line. 

The Company is required by certain covenants in its debt agreements to maintain specified levels of financial ratios and financial position. At the end of the current fiscal year, the Company was in compliance with all of these covenants. 

Total interest paid during fiscal 2014, 2013, and 2012 was $12.7 million, $12.5 million, and $12.9 million, respectively. 

## Note I 

## Pension and Other Post-retirement Benefits 

The Company has several defined benefit plans and defined contribution plans covering most employees. Total costs asso- ciated with the Company’s defined contribution benefit plans in 2014, 2013, and 2012 were $30.1 million, $29.9 million, and $27.8 million, respectively. Benefits for defined benefit pension plans covering hourly employees are provided based on stated amounts for each year of service, while plan benefits covering salaried employees are based on final average compensation. The Company’s funding policy is to make annual contribu- tions of not less than the minimum required by applicable regulations. Actuarial gains and losses and any adjustments resulting from plan amendments are deferred and amortized to expense over periods ranging from 8-22 years. 

Certain groups of employees are eligible for post-retirement health or welfare benefits. Benefits for retired employees vary for each group depending on respective retirement dates and applicable plan coverage in effect. Contribution requirements for retired employees are governed by the Retiree Health Care Payment Program and may change each year as the cost to provide coverage is determined. Eligible employees hired after January 1, 1990, may receive post-retirement medical coverage but must pay the full cost of the coverage. On October 17, 2012, the plan was amended, effective April 1, 2013, to terminate coverage for certain nonunion retirees who retired on or after August 1, 2002, and who are or will be Medicare eligible. If the cost of the nonunion retiree coverage is currently subsidized by the Company for the affected retir- ees, credits will be established in a health reimbursement account to help reimburse the retiree for the cost of purchas- ing coverage in the individual market. Actuarial gains and losses and any adjustments resulting from plan amendments are deferred and amortized to expense over periods ranging from 6-18 years. 

In 2011, an amendment was enacted for a defined benefit plan which included a change in the pension formula effective January 1, 2017. The amended formula remains a defined benefit formula, but will base the accrued benefit credit on age and service and define the benefit as a lump sum. Effective October 31, 2016, the 401k match for these participants will be increased. 

Net periodic cost of defined benefit plans included the following: 

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