Employee Benefit Plans

3 Months Ended

Mar. 31, 2014

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 March 31,	2014			2013
Service cost	$	17.0		$	18.9
Interest on projected benefit obligation		23.0			20.3
Expected return on assets		(32.0	)		(29.9	)
Amortization of prior service costs		.3			.3
Recognized actuarial loss		5.2			10.9
Net pension expense	$	13.5		$	20.5

During the three months ended March 31, 2014 and 2013, the Company contributed $4.2 and $3.4 to its pension plans, respectively.