Defined Benefit Plans

3 Months Ended

Mar. 29, 2013

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.						Non U.S.
	Three Months Ended						Three Months Ended
	March 29, 2013			March 30, 2012			March 29, 2013			March 30, 2012
Service cost	$	1.4		$	1.5		$	6.5		$	5.7
Interest cost	23.7			24.9			10.4			10.7
Expected return on plan assets	(31.4		)	(32.2		)	(8.6		)	(8.1		)
Amortization of actuarial loss	7.0			9.5			2.0			1.2
Amortization of prior service credit	—			—			(0.1		)	(0.1		)
Settlement losses recognized	—			—			0.6			0.9
Net periodic benefit cost	$	0.7		$	3.7		$	10.8		$	10.3

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
	March 29, 2013			March 30, 2012
Service cost	$	0.4		$	0.5
Interest cost	2.1			2.7
Amortization of prior service credit	(1.6		)	(1.4		)
Amortization of actuarial loss	0.4			1.0
Net periodic benefit cost	$	1.3		$	2.8

Employer Contributions

During 2013, 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 $52 million. The ultimate amounts to be contributed 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.