Pension and Postretirement Benefit Plans

6 Months Ended

Jun. 30, 2012

Pension and Postretirement Benefit Plans [Abstract]

Pension and Postretirement Benefit Plans

8. Pension and Postretirement Benefit Plans:

The components of net periodic benefit cost were as follows (in millions):

	For the Three Months Ended June 30,
	2012			2011			2012			2011
	Pension Benefits						Other Benefits
Service cost	$	1.3		$	1.3		$	—		$	0.2
Interest cost		4.3			4.5			0.1			0.3
Expected return on plan assets		(4.7	)		(4.8	)		—			—
Amortization of prior service cost		0.1			0.1			(0.8	)		(0.5	)
Amortization of net loss		2.1			1.7			0.4			0.3
Settlements or curtailments (1)		6.3			0.2			—			—
Total net periodic pension cost	$	9.4		$	3.0		$	(0.3	)	$	0.3

	For the Six Months Ended June 30,
	2012			2011			2012			2011
	Pension Benefits						Other Benefits
Service cost	$	2.7		$	2.7		$	0.3		$	0.4
Interest cost		8.6			9.0			0.3			0.5
Expected return on plan assets		(9.4	)		(9.5	)		—			—
Amortization of prior service cost		0.2			0.2			(1.3	)		(1.0	)
Amortization of net loss		4.3			3.5			0.7			0.6
Settlements or curtailments (1)		6.3			1.6			—			—
Total net periodic pension cost	$	12.7		$	7.5		$	—		$	0.5

(1) Settlements and curtailments in the three and six months ended June 30, 2012 are settlement charges related to actuarial losses recognized upon transition of a pension obligation to the acquirer of the Lennox Hearth Products business (“Hearth business”).

Pension expense of $3.1 million and $6.4 million is included in Income from continuing operations for the three and six months ended June 30, 2012, respectively, and $2.9 million and $7.0 million in Income from continuing operations for the three and six months ended June 30, 2011, respectively. Pension expense of $6.3 million is included in Loss from discontinued operations for the three and six months ended June 30, 2012, and $0.1 and $0.5 million in Loss from discontinued operations for the three and six months ended June 30, 2011, respectively.

The pension expense for other benefits is included in Income from continuing operations for the three and six months ended June 30, 2012 and 2011.