XML 67 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Employee Benefit Plans
9 Months Ended
Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
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
September 30
    Nine Months Ended
September 30
 
     2014     2013     2014     2013  

Service cost

   $ 17.0      $ 18.3      $ 51.0      $ 55.0   

Interest on projected benefit obligation

     23.0        20.2        69.1        60.6   

Expected return on assets

     (32.1     (29.8     (96.3     (89.4

Amortization of prior service costs

     .3        .3        .9        .9   

Recognized actuarial loss

     5.3        11.0        15.7        33.0   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net pension expense

   $ 13.5      $ 20.0      $ 40.4      $ 60.1   
  

 

 

   

 

 

   

 

 

   

 

 

 

During the three and nine months ended September 30, 2014, the Company contributed $3.7 and $12.0 to its pension plans, respectively, and $5.9 and $12.0 for the three and nine months ended September 30, 2013, respectively.