14.

Pension Benefits

We have a number of pension plans covering many of our current and former employees. The plans provide for payment of retirement benefits, mainly commencing between the ages of 55 and 65, and also for payment of certain disability and severance benefits. After meeting certain qualifications, an employee acquires a vested right to future benefits. The benefits payable under the plans are generally determined on the basis of an employee’s length of service and/or earnings. Employer contributions to the plans are made, as necessary, to ensure legal funding requirements are satisfied. In addition, from time to time, we may make contributions in excess of the legal funding requirements.

Components of net periodic benefit cost for our pension plans for the three months ended September 30, 2013 and 2012 are as follows (in millions):


	Three months ended September 30,
	U.S.						International
	2013			2012			2013			2012
Service cost	$	0.2		$	0.1		$	0.7		$	0.6
Interest cost		4.0			4.2			1.2			1.2
Expected return on plan assets		(4.7	)		(4.9	)		(1.1	)		(1.1	)
Amortization of net loss		1.4			1.1			0.3			0.2

Net periodic benefit cost	$	0.9		$	0.5		$	1.1		$	0.9

Components of net periodic benefit cost for our pension plans for the nine months ended September 30, 2013 and 2012 are as follows (in millions):


	Nine months ended September 30,
	U.S.						International
	2013			2012			2013			2012
Service cost	$	0.8		$	0.7		$	2.0		$	1.8
Interest cost		11.5			12.5			3.7			3.6
Expected return on plan assets		(14.1	)		(15.0	)		(3.4	)		(3.3	)
Amortization of net loss		4.4			3.7			0.9			0.6
Settlement loss		1.1			15.1			—			—

Net periodic benefit cost	$	3.7		$	17.0		$	3.2		$	2.7

Refer to Note 6, Business Separation Costs, for more information on the settlement loss recorded in 2012.