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Employee Benefit Plans
6 Months Ended
May 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure
Employee Benefit Plans
The following table sets forth the components of net periodic benefit costs for the Company’s retirement programs: 
(Dollars in millions)
Pension
Plans
 
Health Care
Plans
Three months ended May 31, 2014 and 2013
2014
 
2013
 
2014
 
2013
Service costs
$
.4

 
$
.4

 
$

 
$

Interest costs
3.3

 
3.1

 
.1

 
.1

Expected return on plan assets
(3.7
)
 
(3.6
)
 

 

Amortization of net actuarial loss (gain)
1.1

 
1.3

 
(.4
)
 
(.3
)
Amortization of prior service credits

 

 

 
(.1
)
Net periodic cost (benefit)
$
1.1

 
$
1.2

 
$
(.3
)
 
$
(.3
)
 
 
 
 
 
 
 
 
 
Pension
Plans
 
Health Care
Plans
Six Months Ended May 31, 2014 and 2013
2014
 
2013
 
2014
 
2013
Service costs
$
.8

 
$
.8

 
$

 
$

Interest costs
6.7

 
6.2

 
.3

 
.2

Expected return on plan assets
(7.5
)
 
(7.3
)
 

 

Amortization of net actuarial loss (gain)
2.2

 
2.6

 
(.8
)
 
(.7
)
Amortization of prior service credits

 

 
(.2
)
 
(.2
)
Net periodic cost (benefit)
$
2.2

 
$
2.3

 
$
(.7
)
 
$
(.7
)

The Company expects to contribute approximately $5.1 million to its pension plan trusts during fiscal 2014. The Company made $0.3 million in contributions during the first six months of 2014.
The Company also sponsors a defined contribution 401(k) plan. Participation in this plan is voluntary and is available to substantially all U.S. salaried employees and to certain groups of U.S. hourly employees. Contributions to this plan are based on either a percentage of employee contributions or on a specified percentage of employee pay based on the provisions of the applicable collective bargaining agreement. Company contributions are made in cash. Expense for this plan was $0.8 million and $1.5 million for the second quarter and first half of 2014, respectively and $0.7 million and $1.5 million for the second quarter and first half of 2013, respectively.