XML 63 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Defined Benefit Plans
 9 Months Ended
Sep. 28, 2012
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Defined Benefit Plans
DEFINED BENEFIT PLANS
The following sets forth the components of the Company’s net periodic benefit cost of the non-contributory defined benefit plans ($ in millions):
 
U.S. Pension Benefits
 
 
Three Months Ended
 
Nine Months Ended
 
September 28,
2012
 
September 30,
2011
 
September 28,
2012
 
September 30,
2011
Service cost
$
1.3

 
$
5.7

 
$
4.3

 
$
8.9

Interest cost
26.0

 
28.1

 
75.8

 
62.7

Expected return on plan assets
(32.8
)
 
(34.9
)
 
(97.2
)
 
(79.7
)
Amortization of actuarial loss
12.7

 
7.3

 
31.7

 
21.9

Net periodic cost
$
7.2

 
$
6.2

 
$
14.6

 
$
13.8


Non-U.S. Pension Benefits
 
 
Three Months Ended
 
Nine Months Ended
 
September 28,
2012
 
September 30,
2011
 
September 28,
2012
 
September 30,
2011
Service cost
$
5.9

 
$
5.5

 
$
17.5

 
$
11.9

Interest cost
10.7

 
11.7

 
32.2

 
28.1

Expected return on plan assets
(8.1
)
 
(8.5
)
 
(24.4
)
 
(18.9
)
Amortization of actuarial loss
1.1

 
0.8

 
3.4

 
2.4

Amortization of prior service costs
(0.1
)
 
(0.1
)
 
(0.3
)
 
(0.2
)
Settlement losses (gains) recognized
—

 
—

 
0.9

 
(0.3
)
Net periodic cost
$
9.5

 
$
9.4

 
$
29.3

 
$
23.0



The following sets forth the components of the Company’s net periodic benefit cost of the other post-retirement employee benefit plans ($ in millions):
 
 
Three Months Ended
 
Nine Months Ended
 
September 28, 2012
 
September 30, 2011
 
September 28, 2012
 
September 30, 2011
Service cost
$
0.3

 
$
0.5

 
$
1.3

 
$
1.1

Interest cost
2.4

 
3.1

 
7.8

 
6.1

Amortization of prior service credits
(1.4
)
 
(1.6
)
 
(4.2
)
 
(4.4
)
Amortization of actuarial loss
0.4

 
1.1

 
2.4

 
2.9

Net periodic cost
$
1.7

 
$
3.1

 
$
7.3

 
$
5.7



Employer Contributions
During 2012, the Company’s cash contribution requirements for its U.S. defined benefit pension plan are not expected to be significant. The Company’s cash contribution requirements for its non-U.S. defined benefit pension plans are expected to be approximately $50 million, although the ultimate amounts to be contributed to the U.S. and non-U.S. plans depend upon, among other things, legal requirements, underlying asset returns, the plan’s funded status, the anticipated tax deductibility of the contribution, local practices, market conditions, interest rates and other factors.