EMPLOYEE BENEFIT PLANS

3 Months Ended

Mar. 30, 2013

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

(9) EMPLOYEE BENEFIT PLANS

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

Domestic Pension Plans

	Three months ended
	March 30,			March 31,
	2013			2012
Service cost	$	1.8		$	2.3
Interest cost	12.0			13.5
Expected return on plan assets	(18.7		)	(15.9		)
Amortization of unrecognized losses	9.0			6.9
Amortization of unrecognized prior service credits	—			(0.1		)
Curtailment loss	—			0.1
Total net periodic pension benefit expense	$	4.1		$	6.8

Foreign Pension Plans

	Three months ended
	March 30,			March 31,
	2013			2012
Service cost	$	0.7		$	0.7
Interest cost	3.3			3.6
Expected return on plan assets	(4.4		)	(4.2		)
Amortization of unrecognized losses	0.7			0.4
Total net periodic pension benefit expense	0.3			0.5
Less: Net periodic pension benefit expense of discontinued operations	(0.2		)	(0.3		)
Net periodic pension benefit expense of continuing operations	$	0.1		$	0.2

Postretirement Plans

	Three months ended
	March 30,			March 31,
	2013			2012
Service cost	$	0.1		$	0.1
Interest cost	1.2			1.4
Amortization of unrecognized losses	1.1			1.0
Amortization of unrecognized prior service credits	(0.4		)	(0.4		)
Net periodic postretirement benefit expense	$	2.0		$	2.1

Employer Contributions

During the first quarter of 2013, we made contributions to our domestic and foreign pension plans of approximately $8.0, of which $0.4 related to businesses that have been disposed of and classified as discontinued operations.  As disclosed in our Annual Report on Form 10-K for the year ended December 31, 2012, we announced our intention to make discretionary contributions to our qualified pension plans of approximately $250.0 in 2013.  In April of 2013, we made contributions of approximately $275.0 to our qualified pension plans, $250.0 of which were discretionary. These contributions will result in a reduction of our annual pension expense for 2013 of $12.5, including $3.1 during the first quarter of 2013. We will include these contributions as a deduction in our 2012 domestic income tax returns, resulting in a reduction to “Income taxes payable” and a corresponding increase to “Deferred and other income taxes” of approximately $95.0.