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Pension and Other Beneifts
6 Months Ended
Jun. 30, 2011
Pension And Other Postretirement Benefit Disclosure [Abstract]  
Pension And Other Postretirement Benefits Disclosure [Text Block]

8. Pension and Other Benefits

 

The following table sets forth the components of pension and other benefits cost for the three and six months ended June 30, 2011 and 2010, (in millions):

 

  Pension Benefits Other Benefits
  2011 2010 2011 2010
             
Components of net periodic benefit cost for the           
 three months ended June 30           
Service cost$ 3.5 $ 3.0 $ - $ 0.1
Interest cost  9.6   9.3   0.4   0.5
Expected return on plan assets  (10.5)   (10.4)   -   -
Amortization of prior service cost  0.1   0.1   -   -
Amortization of actuarial losses/(gains)  2.1   1.2   (0.2)   (0.1)
Net periodic benefit cost$ 4.8 $ 3.2 $ 0.2 $ 0.5
Components of net periodic benefit cost for the           
 six months ended June 30           
Service cost$ 7.0 $ 6.0 $ - $ 0.1
Interest cost  19.1   18.6   0.8   1.0
Expected return on plan assets  (21.0)   (20.7)   -   -
Amortization of prior service cost  0.2   0.2   -   -
Amortization of actuarial losses/(gains)  4.1   2.5   (0.4)   (0.1)
Net periodic benefit cost$ 9.4 $ 6.6 $ 0.4 $ 1.0

Employer Contributions

 

The Company anticipates making required contributions of approximately $3.0 million to its foreign pension plans during 2011, of which $1.4 million has been contributed through June 30, 2011. In addition, the Company may make a voluntary contribution to its foreign pension plans in 2011. Although not required under the Pension Protection Act of 2006, the Company may also make a voluntary contribution to its qualified domestic benefit pension plans in 2011.