Employee Benefits

3 Months Ended

Mar. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Employee Benefits

Employee Benefits

Qualified and Nonqualified Defined Benefit Pension Plans

The following table presents the components of our company-sponsored pension costs for the three months ended March 31:

	Three Months
(in millions)	2016			2015
Service cost	$	1.6		$	1.2
Interest cost	14.0			14.3
Expected return on plan assets	(14.1		)	(15.0		)
Amortization of net pension loss	3.4			4.0
Total periodic pension cost	$	4.9		$	4.5

We expect to contribute $45.3 million to our company-sponsored pension plans in 2016 of which we have contributed $0.2 million through March 31, 2016.

Performance Incentive Awards

The Company granted performance stock units in February 2016 that will be settled in cash as the stock units vest equally over the next three years, with the first vesting occurring in February 2017. The awards will be liability classified and remeasured to fair value at each reporting date until settlement.