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PENSION AND POSTRETIREMENT PLANS (Tables)
9 Months Ended
Sep. 30, 2016
PENSION AND POSTRETIREMENT PLANS  
Net periodic pension and postretirement health care benefit costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

International

 

U.S. Postretirement

 

 

 

Pension

 

Pension

 

Health Care

 

(millions)

    

2016

 

2015

    

2016

 

2015

    

2016

 

2015

 

Service cost

 

 

$
16.8

 

 

 

$
19.1

 

 

$
7.0

 

 

 

$
8.2

 

 

$
0.8

 

 

 

$
0.9

 

Interest cost on benefit obligation

 

 

20.4

 

 

 

22.8

 

 

8.0

 

 

 

10.1

 

 

2.0

 

 

 

2.4

 

Expected return on plan assets

 

 

(35.9)

 

 

 

(33.2)

 

 

(13.3)

 

 

 

(14.0)

 

 

(0.2)

 

 

 

(0.2)

 

Recognition of net actuarial (gain) loss

 

 

7.7

 

 

 

12.1

 

 

3.6

 

 

 

3.9

 

 

(0.4)

 

 

 

(1.5)

 

Amortization of prior service cost (benefit)

 

 

(1.7)

 

 

 

(1.7)

 

 

(0.2)

 

 

 

 -

 

 

(0.1)

 

 

 

 -

 

Total expense

 

 

$
7.3

 

 

 

$
19.1

 

 

$
5.1

 

 

 

$
8.2

 

 

$
2.1

 

 

 

$
1.6

 

 

The components of net periodic pension and postretirement health care benefit costs for the nine months ended September 30, 2016 and 2015 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

International

 

U.S. Postretirement

 

 

 

Pension

 

Pension

 

Health Care

 

(millions)

    

2016

 

2015

    

2016

 

2015

    

2016

 

2015

 

Service cost

 

 

$
50.3

 

 

 

$
57.3

 

 

$
20.9

 

 

 

$
25.0

 

 

$
2.3

 

 

 

$
2.8

 

Interest cost on benefit obligation

 

 

61.2

 

 

 

68.4

 

 

24.0

 

 

 

30.2

 

 

6.1

 

 

 

7.2

 

Expected return on plan assets

 

 

(107.7)

 

 

 

(99.5)

 

 

(40.0)

 

 

 

(41.8)

 

 

(0.6)

 

 

 

(0.7)

 

Recognition of net actuarial (gain) loss

 

 

23.1

 

 

 

36.4

 

 

10.7

 

 

 

11.7

 

 

(1.2)

 

 

 

(4.6)

 

Amortization of prior service cost (benefit)

 

 

(5.2)

 

 

 

(5.2)

 

 

(0.6)

 

 

 

(0.1)

 

 

(0.2)

 

 

 

(0.1)

 

Total expense

 

 

$
21.7

 

 

 

$
57.4

 

 

$
15.0

 

 

 

$
25.0

 

 

$
6.4

 

 

 

$
4.6