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Defined Benefit Pension Plans
9 Months Ended
Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
Compensation and Employee Benefit Plans
DEFINED BENEFIT PENSION PLANS
The following table sets forth the net periodic pension cost for LP’s defined benefit pension plans during the quarter and nine months ended September 30, 2015 and 2014. The net periodic pension cost included the following components:
 
Quarter Ended September 30,
 
Nine Months Ended September 30,
Dollar amounts in millions
2015
 
2014
 
2015
 
2014
Service cost
$
1.0

 
$
0.9

 
$
3.1

 
$
2.8

Interest cost
3.4

 
3.7

 
10.2

 
11.0

Expected return on plan assets
(3.8
)
 
(4.2
)
 
(11.4
)
 
(12.7
)
Amortization of prior service cost
0.1

 

 
0.3

 

Amortization of net loss
1.7

 
1.4

 
5.2

 
4.2

Net periodic pension cost
$
2.4

 
$
1.8

 
$
7.4

 
$
5.3

Loss due to settlement
$
0.4

 
$

 
$
0.4

 
$


During the nine months ended September 30, 2015 and 2014, LP recognized $7.8 million (inclusive of $0.4 million settlement loss associated with the retirement of one of LP's executives) and $5.3 million of pension expense for all of LP's defined benefit pension plans.
During the nine months ended September 30, 2015, LP made $3.7 million in pension contributions to its defined benefit pension plans. LP expects to contribute between $2.0 million and $5.0 million to its defined benefit pension plans in 2015.