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PENSION AND POST-RETIREMENT BENEFITS
 3 Months Ended
Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
PENSION AND POST-RETIREMENT BENEFITS
PENSION AND POST-RETIREMENT BENEFITS
The components of net periodic benefit (income) costs for the Company’s pension and the other post-retirement benefit plans for the first quarter of 2016 and 2015 are as follows:
 


Pension Plans
Other
Post-Retirement
Benefit Plans
 
Three Months Ended March 31,
 
2016
 
2015
 
2016
 
2015
Net periodic benefit (income) costs:
 
Service cost
$
0.1

 
$
0.2

 
$
—

 
$
—

Interest cost
5.2

 
7.2

 
0.1

 
0.1

Expected return on plan assets
(7.8
)
 
(10.1
)
 
—

 
—

Amortization of actuarial loss
2.1

 
2.0

 
—

 
—

 
(0.4
)
 
(0.7
)
 
0.1

 
0.1

Portion allocated to Revlon Holdings
—

 
—

 
—

 
—

 
$
(0.4
)
 
$
(0.7
)
 
$
0.1

 
$
0.1


In the three months ended March 31, 2016, the Company recognized net periodic benefit income of $0.3 million, compared to net periodic benefit income of $0.6 million in the three months ended March 31, 2015, primarily due to the lower expected return on plan assets, partially offset by lower interest and service costs as a result of the Company's adoption of the alternative approach to calculating the service and interest components of net periodic benefit cost for pension and other post-retirement benefits (the “full yield curve” approach) which was adopted by the Company at December 31, 2015.
Net periodic benefit costs (income) are reflected in the Company's Consolidated Financial Statements as follows:
 
Three Months Ended March 31,
 
2016
 
2015
Net periodic benefit (income) costs:
 
 
 
Cost of sales
$
(0.8
)
 
$
(1.0
)
Selling, general and administrative expense
0.5

 
0.4

 
$
(0.3
)
 
$
(0.6
)

The Company expects that it will have net periodic benefit income of approximately $1 million for its pension and other post-retirement benefit plans for all of 2016, compared with net periodic benefit cost of $18.8 million in 2015.
During the first quarter of 2016, $1.7 million and $0.2 million were contributed to the Company’s pension plans and other post-retirement benefit plans, respectively. During 2016, the Company expects to contribute approximately $20 million in the aggregate to its pension and other post-retirement benefit plans.
Relevant aspects of the qualified defined benefit pension plans, nonqualified pension plans and other post-retirement benefit plans sponsored by Products Corporation are disclosed in Note 14, "Savings Plan, Pension and Post-Retirement Benefits," to the Consolidated Financial Statements in Revlon, Inc.'s 2015 Form 10-K.