Employee Benefit Plans

6 Months Ended

Jun. 30, 2013

Employee Benefit Plans

NOTE K – Employee Benefit Plans

The Company has several defined benefit pension plans, which cover a majority of its employees. The following information details the components of net pension expense for the Company’s defined benefit plans:

	Three Months Ended						Six Months Ended
	June 30						June 30
	2013			2012			2013			2012
Service cost	$	17.8		$	14.9		$	36.7		$	32.0
Interest on projected benefit obligation		20.1			20.7			40.4			40.7
Expected return on assets		(29.7	)		(27.8	)		(59.6	)		(55.2	)
Amortization of prior service costs		.3			.4			.6			.8
Recognized actuarial loss		11.1			11.0			22.0			21.6
Net pension expense	$	19.6		$	19.2		$	40.1		$	39.9

During the three and six months ended June 30, 2013, the Company contributed $2.7 and $6.1 to its pension plans, respectively, and $2.7 and $85.4 for the three and six months ended June 30, 2012, respectively.