Retirement Benefit Plans

9 Months Ended

Sep. 30, 2012

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Retirement Benefit Plans

The Company maintains various defined benefit pension plans that provide benefits based on years of service and average compensation during certain periods. The Company's policy is to make contributions to fund these plans within the range allowed by applicable regulations. Plan assets consist primarily of publicly traded stocks and government and corporate bonds.

Pension benefits are frozen for all employees other than certain NACoal employees of the project mining subsidiaries. All other eligible employees of the Company, including employees whose pension benefits are frozen, receive retirement benefits under defined contribution retirement plans.

The Company previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2011 that it expected to contribute approximately $8.0 million and $5.0 million, which included Hyster-Yale, to its U.S. and non-U.S. pension plans, respectively, in 2012. Excluding the contributions of Hyster-Yale prior to the spin-off, the Company expects to contribute approximately $7.0 million to its remaining U.S. pension plans in 2012. The Company does not expect to contribute to its remaining non-U.S. pension plans in 2012.

The Company also maintains health care plans which provide benefits to eligible retired employees. These plans have no assets. Under the Company's current policy, plan benefits are funded at the time they are due to participants.

The components of pension and postretirement (income) expense are set forth below:

	THREE MONTHS ENDED						NINE MONTHS ENDED
	SEPTEMBER 30						SEPTEMBER 30
	2012			2011			2012			2011
U.S. Pension
Service cost	$	—		$	—		$	—		$	—
Interest cost	0.8			0.9			2.4			2.6
Expected return on plan assets	(1.1		)	(1.1		)	(3.3		)	(3.4		)
Amortization of actuarial loss	0.7			0.6			2.1			1.8
Amortization of prior service credit	—			(0.1		)	(0.1		)	(0.1		)
Total	$	0.4		$	0.3		$	1.1		$	0.9
Non-U.S. Pension
Service cost	$	—		$	—		$	—		$	—
Interest cost	0.1			0.1			0.2			0.2
Expected return on plan assets	(0.1		)	(0.1		)	(0.2		)	(0.3		)
Amortization of actuarial loss	—			—			0.1			—
Total	$	—		$	—		$	0.1		$	(0.1	)
Postretirement
Service cost	$	—		$	—		$	0.1		$	0.1
Interest cost	—			—			0.1			0.1
Amortization of prior service credit	—			—			(0.1		)	(0.1		)
Total	$	—		$	—		$	0.1		$	0.1