Pension and Postretirement Plans

3 Months Ended

Mar. 31, 2015

General Discussion of Pension and Other Postretirement Benefits [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Pension and Postretirement Plans

The Company sponsors three noncontributory defined benefit plans and a postretirement health and life insurance plan. For the three months ended March 31, 2015 and 2014, approximately 10% of the costs were capitalized as a component of property, plant and equipment related to construction of our network.

For the three months ended March 31, 2015 and 2014, pension and postretirement benefit costs were as follows:

	Three Months Ended March 31,
	2015			2014			2015			2014
(dollars in millions)	Pension Benefits						Postretirement and Other Benefits
Service cost	$	—		$	0.3		$	0.1		$	0.1
Interest cost on projected benefit obligation	4.6			4.5			0.8			0.9
Expected return on plan assets	(7.2		)	(6.8		)	—			—
Amortization of:
Prior service cost (benefit)	0.1			—			(3.9		)	(3.8		)
Actuarial loss	5.1			5.3			1.4			1.3
Total amortization	5.2			5.3			(2.5		)	(2.5		)
Benefit costs (benefits)	$	2.6		$	3.3		$	(1.6	)	$	(1.5	)

Amortizations of prior service cost (benefit) and actuarial loss represent reclassifications from accumulated other comprehensive income.

Contributions in 2015 to the Company’s pension and postretirement plans are expected to be approximately $25 million. For the three months ended March 31, 2015, contributions to the pension plans were $2.6 million and net contributions to the postretirement plan were $2.0 million.