XML 15 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
PENSION AND POST-RETIREMENT PLANS
9 Months Ended
Sep. 30, 2014
PENSION AND POST-RETIREMENT PLANS  
PENSION AND POST-RETIREMENT PLANS

 

5.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 nine-month periods ended September 30, 2014 and 2013 (in millions):

 

 

 

Pension Benefits

 

Post-retirement Benefits

 

 

 

September 30

 

September 30

 

 

 

2014

 

2013

 

2014

 

2013

 

Service cost

 

$

2.5

 

$

2.1

 

$

0.8

 

$

0.8

 

Interest cost

 

7.1

 

6.5

 

1.9

 

1.6

 

Expected return on plan assets

 

(10.5

)

(8.9

)

 

 

Amortization of net loss

 

2.3

 

5.1

 

0.4

 

0.2

 

Amortization of prior service cost

 

(1.7

)

(1.7

)

 

 

Net periodic benefit cost

 

$

(0.3

)

$

3.1

 

$

3.1

 

$

2.6

 

 

As of September 30, 2014, the Company had paid its expected total cash contributions for the year to its defined benefit pension plans of approximately $6.5 million.