Pension and Other Postretirement Benefits

6 Months Ended

Jul. 02, 2011

Pension and Other Postretirement Benefits [Abstract]

Pension and Other Postretirement Benefits

Note 5. Pension and Other Postretirement Benefits

The following table sets forth the components of net periodic benefit cost for the periods shown:

	Pension Benefits
	Three Months Ended												Six Months Ended
	July 2, 2011						July 3, 2010						July 2, 2011						July 3, 2010
(In millions)	U.S.			Int’l			U.S.			Int’l			U.S.			Int’l			U.S.			Int’l
Service cost	$	—		$	3.0		$	6.1		$	2.3		$	.1		$	5.8		$	11.5		$	4.8
Interest cost		10.1			6.8			10.0			6.0			20.1			13.4			20.2			12.4
Expected return on plan assets		(11.3	)		(6.3	)		(12.1	)		(6.3	)		(22.6	)		(12.4	)		(24.4	)		(13.1	)
Recognized net actuarial loss		2.1			1.0			4.6			.6			4.0			2.0			9.1			1.2
Amortization of prior service cost		.1			.1			.2			.1			.2			.2			.4			.2
Amortization of transition asset		—			(.2	)		—			(.1	)		—			(.3	)		—			(.2	)
Recognized loss on curtailment and settlement of obligation		—			—			—			1.9			—			—			—			1.9
Net periodic benefit cost	$	1.0		$	4.4		$	8.8		$	4.5		$	1.8		$	8.7		$	16.8		$	7.2

	U.S. Postretirement Health Benefits
	Three Months Ended						Six Months Ended
(In millions)	July 2, 2011			July 3, 2010			July 2, 2011			July 3, 2010
Service cost	$	.5		$	.4		$	.9		$	.7
Interest cost		.5			.5			1.0			1.0
Recognized net actuarial loss		.4			.5			.9			1.0
Amortization of prior service cost		(.5	)		(.5	)		(1.0	)		(1.0	)
Net periodic benefit cost	$	.9		$	.9		$	1.8		$	1.7

The Company contributed $26.8 million and $1.6 million to its U.S. pension plans during the six months ended July 2, 2011 and July 3, 2010, respectively. The Company contributed $.9 million and $1.6 million to its U.S. postretirement health benefit plan during the six months ended July 2, 2011 and July 3, 2010, respectively.

The Company contributed approximately $10 million and approximately $14 million to its international pension plans during the six months ended July 2, 2011 and July 3, 2010, respectively.

The Company recognized expense of $6.3 million and $15.5 million for the three and six months ended July 2, 2011, respectively, and $2.8 million and $6.3 million for the three and six months ended July 3, 2010, respectively, related to its match of participant contributions to its U.S. defined contribution plan. This expense was funded using shares of the Company’s common stock held in the Company’s Employee Stock Benefit Trust (“ESBT”). Subsequent to the quarter ended July 2, 2011, the ESBT was terminated and the Company began funding this expense using shares of the Company’s common stock held in treasury.