PENSION AND POST-RETIREMENT PLANS

6 Months Ended

Jun. 30, 2014

PENSION AND POST-RETIREMENT PLANS

PENSION AND POST-RETIREMENT PLANS

4.PENSION AND POST-RETIREMENT PLANS

The Company sponsors qualified defined-benefit pension and post retirement plans (collectively, the “Plans”). The following table provides the components of net periodic benefit cost for the Plans for the six-month periods ended June 30, 2014 and 2013 (in millions):

	Pension Benefits						Post-retirement Benefits
	June 30						June 30
	2014			2013			2014		2013
Service cost	$	1.7		$	1.4		$	0.5	$	0.5
Interest cost	4.7			4.3			1.3		1.1
Expected return on plan assets	(7.0		)	(5.9		)	—		—
Amortization of net loss	1.5			3.4			0.3		0.2
Amortization of prior service cost	(1.2		)	(1.1		)	—		—
Net periodic benefit cost	$	(0.3	)	$	2.1		$	2.1	$	1.8

In 2014, the Company expects to pay total cash contributions to its defined benefit pension plans of approximately $6.5 million, of which only $1.7 million has been contributed as of June 30, 2014.