Pensions and Other Postretirement Benefits

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

Pensions and Other Postretirement Benefits

Pensions and Other Postretirement Benefits

The components of net periodic benefit cost related to the Company sponsored defined benefit pension and other postretirement benefit plans (OPEB) for our employees are as follows:

	Three Months Ended September 30
	Pension Benefits
	U.S. Plans						Non U.S. Plans						OPEB
	2012			2011			2012			2011			2012			2011
	(in millions of dollars)
Service Cost	$	12.2		$	10.7		$	1.2		$	1.1		$	0.4		$	0.5
Interest Cost	21.1			19.4			2.2			2.3			2.3			2.5
Expected Return on Plan Assets	(22.2		)	(21.9		)	(2.8		)	(3.1		)	(0.2		)	(0.2		)
Amortization of:
Net Actuarial Loss	11.5			8.0			0.1			—			—			—
Prior Service Credit	(0.1		)	(0.1		)	—			—			(0.6		)	(0.6		)
Total	$	22.5		$	16.1		$	0.7		$	0.3		$	1.9		$	2.2

	Nine Months Ended September 30
	Pension Benefits
	U.S. Plans						Non U.S. Plans						OPEB
	2012			2011			2012			2011			2012			2011
	(in millions of dollars)
Service Cost	$	36.6		$	32.0		$	3.6		$	3.5		$	1.2		$	1.4
Interest Cost	63.3			58.2			6.4			6.7			7.1			7.5
Expected Return on Plan Assets	(66.5		)	(65.7		)	(8.3		)	(9.2		)	(0.5		)	(0.5		)
Amortization of:
Net Actuarial Loss	34.4			24.0			0.4			—			—			—
Prior Service Credit	(0.4		)	(0.4		)	—			—			(1.9		)	(1.9		)
Total	$	67.4		$	48.1		$	2.1		$	1.0		$	5.9		$	6.5

We have no regulatory contribution requirements for our U.S. qualified defined benefit plan in 2012, but we elected to make a $53.0 million voluntary contribution in the second quarter of 2012. For our U.K. operation, which maintains a separate defined benefit plan, we made required contributions of $1.0 million and $3.1 million in the third quarter and first nine months of 2012, respectively, or approximately £0.7 million and £2.0 million.