EMPLOYEE BENEFIT PLANS

9 Months Ended

Oct. 01, 2011

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

(9) EMPLOYEE BENEFIT PLANS

Net periodic benefit expense for our pension and postretirement plans includes the following components:

Domestic Pension Plans

	Three months ended						Nine months ended
	October 1,			October 2,			October 1,			October 2,
	2011			2010			2011			2010
Service cost	$	2.5		$	2.3		$	7.5		$	7.0
Interest cost	14.4			15.2			43.1			45.8
Expected return on plan assets	(16.6		)	(17.1		)	(49.3		)	(51.3		)
Amortization of unrecognized losses	5.8			9.1			17.4			27.4
Amortization of unrecognized prior service credits	(0.3		)	(0.2		)	(0.7		)	(0.6		)
Total net periodic benefit expense	5.8			9.3			18.0			28.3
Less: Net periodic benefit expense of discontinued operations	—			—			—			—
Net periodic benefit expense of continuing operations	$	5.8		$	9.3		$	18.0		$	28.3

Foreign Pension Plans

	Three months ended						Nine months ended
	October 1,			October 2,			October 1,			October 2,
	2011			2010			2011			2010
Service cost	$	0.6		$	0.6		$	1.9		$	1.7
Interest cost	3.8			3.6			11.0			10.5
Expected return on plan assets	(4.1		)	(3.7		)	(12.4		)	(10.7		)
Amortization of unrecognized losses	0.3			0.5			0.8			1.3
Total net periodic benefit expense	0.6			1.0			1.3			2.8
Less: Net periodic benefit expense of discontinued operations	(0.3		)	—			(0.3		)	—
Net periodic benefit expense of continuing operations	$	0.3		$	1.0		$	1.0		$	2.8

Postretirement Plans

	Three months ended						Nine months ended
	October 1,			October 2,			October 1,			October 2,
	2011			2010			2011			2010
Service cost	$	0.1		$	0.1		$	0.3		$	0.2
Interest cost	1.7			2.0			5.3			6.0
Amortization of unrecognized losses	1.2			1.3			3.5			3.2
Amortization of unrecognized prior service credits	(0.4		)	(0.3		)	(1.1		)	(1.0		)
Net periodic postretirement benefit expense of continuing operations	$	2.6		$	3.1		$	8.0		$	8.4

During the first nine months of 2011, we made contributions of approximately $10.6 to our foreign and qualified domestic pension plans, of which $1.4 related to businesses classified as discontinued operations.

An increase in the number of inactive participants in one of our domestic pension plans resulted in almost all of the plan participants being inactive. Accordingly, in the first quarter of 2011, we began amortizing the unrecognized gains/losses over the average remaining life expectancy of the inactive participants as opposed to the average remaining service period of the active participants. This change resulted in a reduction to pension expense of approximately $5.0 and $15.0 during the three and nine months ended October 1, 2011, respectively.