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Employee Benefit Plans
3 Months Ended
Mar. 30, 2013
Employee Benefit Plans

Note I – Employee Benefit Plans

Pension Disclosures

The components of net periodic pension benefit for the Company’s foreign pension plan are as follows:

 

     First Quarter  
(In millions)    2013     2012  

Service cost

   $  —        $  —     

Interest cost

     2.2        2.1   

Expected return on plan assets

     (3.1     (2.3
  

 

 

   

 

 

 

Net periodic pension benefit

   $ (0.9   $ (0.2
  

 

 

   

 

 

 

During the first quarter of 2012, the Company settled a dispute related to funding of the pension plan acquired in 2003 and contributed the net settlement to the plan (see Note D). The plan has been in a net asset position since that funding. There are no funding requirements while the plan has an asset surplus.