16. Employee Benefit Plans and Employment Agreements

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements

Note 16 - Employee Benefit Plans and Employment Agreements

Pension and other post-employment benefits

We provide our employees with post-employment benefits that include retirement benefits, primarily through a savings plan, and other benefits, including health care and life insurance. The components of pension and post-employment benefit costs follow:

Components of Pension Benefit Costs:	Three Months Ended							Nine Months Ended
($ in millions)	September 30,							September 30,
	2012			2011				2012			2011
				As restated and amended							As restated and amended
Service cost	$	0.2			$	0.2		$	0.7			$	0.7
Interest cost		8.7				9.2			26.1				27.6
Expected return on plan assets		(8.6	)			(8.5	)		(25.7	)			(25.6	)
Net loss amortization		2.6				1.7			7.8				5.2
Pension benefit cost	$	2.9			$	2.6		$	8.9			$	7.9

Components of Other Post-employment Benefit Costs:	Three Months Ended							Nine Months Ended
($ in millions)	September 30,							September 30,
	2012			2011				2012			2011
				As restated and amended							As restated and amended
Service cost	$	0.1			$	0.1		$	0.2			$	0.3
Interest cost		0.5				0.7			1.4				2.0
Net gain amortization		—				—			(0.1	)			—
Prior service cost amortization		(0.4	)			(0.5	)		(1.2	)			(1.5	)
Other post-employment benefit cost	$	0.2			$	0.3		$	0.3			$	0.8

For the three months ended September 30, 2012, other comprehensive loss included unrealized gains of $1.5 million, net of taxes, relating to the amortization of net prior service costs and net gains/losses. For the nine months ended September 30, 2012, other comprehensive loss included unrealized losses of $11.2 million, net of taxes, relating to the amortization of net prior service costs and net gains/losses. Effective March 31, 2010, the benefit accruals under all defined benefit pension plans were frozen.

During the three months ended September 30, 2012, we made contributions of $11.2 million to the pension plan. During the nine months ended September 30, 2012, we made contributions of $18.2 million to the pension plan. We do not expect to make any additional contributions by December 31, 2012. On July 6, 2012, the Surface Transportation Extension Act of 2012, Part II, was enacted into law and is effective immediately. The law includes certain pension funding stabilization provisions. We are evaluating its impact.

Savings plans

During the three months ended September 30, 2012 and 2011, we incurred costs of $0.8 million and $1.0 million, respectively, for contributions to our savings plans. During the nine months ended September 30, 2012 and 2011, we incurred costs of $3.2 million and $3.7 million, respectively, for contributions to our savings plans.

Effective April 1, 2010, employees (except Saybrus employees) are eligible to receive an employer discretionary contribution according to the plan terms.