PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

3 Months Ended

Mar. 31, 2013

General Discussion of Pension and Other Postretirement Benefits [Abstract]

PENSION AND OTHER POST RETIREMENT BENEFIT PLANS

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

The net periodic benefit cost of the Company’s defined benefit pension and postretirement benefit plans includes: 

	Three Months Ended March 31,
	Pension Benefits						Other Benefits
(In millions)	2013			2012			2013		2012
Service cost – benefits earned during the period	$	1.3		$	0.9		$	0.3	$	0.2
Interest cost on projected benefit obligations	3.6			3.9			0.3		0.3
Expected return on plan assets	(4.1		)	(4.0		)	—		—
Amortization of net actuarial loss	1.6			1.3			0.4		0.5
Net periodic benefit cost	$	2.4		$	2.1		$	1.0	$	1.0
Settlements	6.9			—			—		—
Total net periodic benefit cost	$	9.3		$	2.1		$	1.0	$	1.0

Settlements reflect the recognition of losses that were previously deferred within accumulated other comprehensive income (loss) attributable to plan participants who have received lump sum distributions during the plan year. Recognition of settlements is triggered when the amount paid for lump sum distributions from a plan exceeds the sum of service and interest cost for the plan year. For the U.S. plans, losses reclassified to settlements were $6.9 million and zero for the three months ended March 31, 2013 and 2012, respectively. Settlements are recognized as Other Expenses in the consolidated statements of earnings.