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Employee Benefit Plans
9 Months Ended
Sep. 30, 2015
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     Nine Months Ended  
     September 30     September 30  
     2015     2014     2015     2014  

Service cost

   $ 22.9      $ 17.0      $ 68.7      $ 51.0   

Interest on projected benefit obligation

     23.0        23.0        69.2        69.1   

Expected return on assets

     (35.2     (32.1     (105.7     (96.3

Amortization of prior service costs

     .3        .3        .9        .9   

Recognized actuarial loss

     10.3        5.3        30.9        15.7   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net pension expense

   $ 21.3      $ 13.5      $ 64.0     $ 40.4   
  

 

 

   

 

 

   

 

 

   

 

 

 

During the three and nine months ended September 30, 2015, the Company contributed $3.5 and $59.2 to its pension plans, respectively, and $3.7 and $12.0 for the three and nine months ended September 30, 2014, respectively.