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PENSION AND POSTRETIREMENT LIABILITIES:
3 Months Ended
Mar. 31, 2013
PENSION AND POSTRETIREMENT LIABILITIES:  
PENSION AND POSTRETIREMENT LIABILITIES:

11.  PENSION AND POSTRETIREMENT LIABILITIES:

 

The following table represents the net periodic benefit cost of defined benefit pension plans:

 

 

 

Three months ended

 

 

 

March 31,

 

($ in millions)

 

2013

 

2012

 

Service cost

 

$

3.3

 

$

2.4

 

Interest cost

 

6.9

 

7.9

 

Expected return on assets

 

(3.6

)

(3.9

)

Amortization of actuarial losses

 

4.2

 

1.8

 

Amortization of prior service cost

 

0.2

 

0.2

 

Total pension cost

 

$

11.0

 

$

8.4

 

 

Contributions to defined benefit pension plans, including benefit payments paid directly to plan participants, are expected to approximate $25.8 million during 2013, of which $6.8 million was contributed in the three months ended March 31, 2013.

 

The Company also sponsors and participates in various defined contribution and multi-employer plans. The expense for the defined contribution plans was $3.3 million and $3.8 million for the three months ended March 31, 2013 and 2012, respectively, and $1.8 million and $1.3 million for the multi-employer plans for the three months ended March 31, 2013 and 2012, respectively.