Pension And Other Post-retirement Benefits

9 Months Ended

Sep. 30, 2014

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Pension And Other Post-retirement Benefits

PENSION AND OTHER POST-RETIREMENT BENEFITS

In October 2009, the Board of Directors amended the U.S. Qualified and Non-Qualified Defined Benefit Pension Plans (“U.S. Pension Plans”) to freeze participation in the U.S. Pension Plans for all new nonunion employees hired on or after January 1, 2010, and current nonunion employees with less than five years of vesting service as of December 31, 2009 (“frozen participants”). The Company amended the U.S. Qualified Pension Plan, and effective June 1, 2014, the assets and liabilities attributable to participants who are (i) either frozen participants or participants that had terminated service and subsequently became re-employed on or after January 1, 2010, and (ii) active employees of FMC Technologies as of June 1, 2014 were transferred from the U.S. Qualified Pension Plan to the FMC Technologies, Inc. Frozen Retirement Plan (“Frozen Plan”). As of June 1, 2014, the benefits under the Frozen Plan were actuarially equivalent to the benefits each participant would have received under the U.S. Qualified Pension Plan. Under the Frozen Plan, participants have the option to accept cash or an annuity upon the Frozen Plan’s termination.

The components of net periodic benefit cost were as follows:

	Pension Benefits
	Three Months Ended September 30,												Nine Months Ended September 30,
	2014						2013						2014						2013
(In millions)	U.S.			Int’l			U.S.			Int’l			U.S.			Int’l			U.S.			Int’l
Service cost	$	3.4		$	4.2		$	4.1		$	3.6		$	10.3		$	12.8		$	12.4		$	11.0
Interest cost	7.2			4.6			6.4			3.9			21.8			14.0			19.3			12.0
Expected return on plan assets	(11.5		)	(7.5		)	(10.4		)	(5.8		)	(34.7		)	(22.8		)	(31.2		)	(17.6		)
Amortization of prior service cost (credit)	—			—			—			—			—			0.1			—			—
Amortization of transition asset	—			(0.1		)	—			(0.1		)	—			(0.1		)	—			(0.1		)
Amortization of actuarial loss (gain), net	3.1			1.8			6.7			1.4			9.2			5.2			20.1			4.0
Net periodic benefit cost	$	2.2		$	3.0		$	6.8		$	3.0		$	6.6		$	9.2		$	20.6		$	9.3

	Other Post-retirement Benefits
	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)	2014			2013			2014			2013
Service cost	$	—		$	0.1		$	—		$	0.1
Interest cost	0.1			0.1			0.3			0.2
Amortization of prior service cost (credit)	—			(0.2		)	—			(0.4		)
Amortization of actuarial loss (gain), net	(0.1		)	(0.1		)	(0.2		)	(0.2		)
Net periodic benefit cost	$	—		$	(0.1	)	$	0.1		$	(0.3	)

During the nine months ended September 30, 2014, we contributed $8.4 million to our domestic pension benefit plans and $18.5 million to our international pension benefit plans.