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Pension and Other Postretirement Benefits (Tables)
9 Months Ended
Sep. 27, 2014
Pension and Other Postretirement Benefits  
Schedule of components of net periodic benefit cost (credit)

 

 

 

Pension Benefits

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 27, 2014

 

September 28, 2013

 

September 27, 2014

 

September 28, 2013

 

(In millions)

 

U.S.

 

Int’l

 

U.S.

 

Int’l

 

U.S.

 

Int’l

 

U.S.

 

Int’l

 

Service cost

 

$

.1

 

$

3.3

 

$

.1

 

$

3.2

 

$

.3

 

$

10.0

 

$

.3

 

$

9.3

 

Interest cost

 

11.1

 

5.8

 

10.3

 

5.8

 

33.5

 

18.0

 

29.3

 

17.2

 

Expected return on plan assets

 

(12.9

)

(6.6

)

(12.4

)

(5.6

)

(38.9

)

(19.6

)

(35.8

)

(16.7

)

Recognized net actuarial loss

 

4.1

 

1.3

 

4.0

 

1.5

 

12.2

 

3.9

 

13.7

 

4.6

 

Amortization of prior service cost

 

.2

 

.1

 

.1

 

.2

 

.8

 

.3

 

.3

 

.4

 

Amortization of transition obligation (asset)

 

 

.1

 

 

 

 

.1

 

 

(.1

)

Recognized (gain) loss on curtailment(1)

 

 

 

 

(1.6

)

 

.6

 

 

(1.6

)

Net periodic benefit cost

 

$

2.6

 

$

4.0

 

$

2.1

 

$

3.5

 

$

7.9

 

$

13.3

 

$

7.8

 

$

13.1

 

(1)

Recognized loss on curtailment in 2014 related to a pension plan in the Netherlands and gain on curtailment in 2013 related to a pension plan in Taiwan.  These amounts were recorded in “Other expense, net” in the unaudited Consolidated Statements of Income.

 

 

 

U.S. Postretirement Health Benefits

 

 

Three Months Ended

 

Nine Months Ended

(In millions)

 

September 27,
2014

 

September 28,
2013

 

September 27,
2014

 

September 28,
2013

 

Interest cost

 

$

.1

 

$

.1

 

$

.2

 

$

.2

 

Recognized net actuarial loss

 

.7

 

.6

 

2.1

 

1.9

 

Amortization of prior service credit

 

(.8

)

(.8

)

(2.4

)

(3.2

)

Net periodic benefit credit

 

$

 

$

(.1

)

$

(.1

)

$

(1.1

)