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Pension Plans
9 Months Ended
Sep. 30, 2012
Pension Plans [Abstract]  
Pension Plans
     The Company and its subsidiaries have pension plans both in the U.S. and internationally, covering substantially all eligible employees on a contributory or non-contributory basis. Disclosures for the U.S. plans have been combined with those outside of the U.S. as the international plans do not have significantly different assumptions, and together represent less than 25% of our total benefit obligation.
 
 


 
Components of Net Periodic Benefit Cost

(millions of dollars)
 
Pension Benefits
 
 
 
Three Months Ended
 
 
 
Nine Months Ended
 
 
 
 
Sept. 30, 2012
 
 
 
Oct. 2, 2011
 
 
 
Sept. 30, 2012
 
 
 
Oct. 2, 2011
 
Service cost                                                                            
 
$
2.3
 
 
$
1.7
 
 
$
7.0
 
 
$
5.4
 
Interest cost                                                                            
 
 
3.6
 
 
 
3.0
 
 
 
10.8
 
 
 
8.9
 
Expected return on plan assets                                                                            
 
 
(4.2
)
 
 
(3.5
)
 
 
(12.5
)
 
 
(10.5
)
Settlement cost                                                                            
 
 
--
 
 
 
0.4
 
 
 
--
 
 
 
0.4
 
Amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior service cost  
 
 
0.3
 
 
 
0.4
 
 
 
0.9
 
 
 
1.0
 
 
Recognized net actuarial loss  
 
 
3.4
 
 
 
2.3
 
 
 
10.2
 
 
 
6.4
 
 
Net periodic benefit cost  
 
$
5.4
 
 
$
4.3
 
 
$
16.4
 
 
$
11.6
 
 

 
(millions of dollars)
 
Other Benefits
 
 
 
Three Months Ended
 
 
 
Nine Months Ended
 
 
 
 
Sept. 30, 2012
 
 
 
Oct. 2, 2011
 
 
 
Sept. 30, 2012
 
 
 
Oct. 2, 2011
 
Service cost                                                                            
 
$
0.1
 
 
$
0.2
 
 
$
0.4
 
 
$
0.5
 
Interest cost                                                                            
 
 
0.1
 
 
 
0.1
 
 
 
0.3
 
 
 
0.5
 
Amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior service cost  
 
 
(0.8
)
 
 
(0.8
)
 
 
(2.3
)
 
 
(2.3
)
 
Recognized net actuarial loss  
 
 
--
 
 
 
--
 
 
 
--
 
 
 
0.2
 
 
Net periodic benefit cost  
 
$
(0.6
)
 
$
(0.5
)
 
$
(1.6
)
 
$
(1.1
)

     Amortization amounts of prior service costs and recognized net actuarial losses are recorded, net of tax, as increases to accumulated other comprehensive income.

Employer Contributions

     The Company expects to contribute $15.0 million to its pension plans and $1.0 million to its other post retirement benefit plans in 2012. As of September 30, 2012, $11.8 million has been contributed to the pension plans and approximately $0.5 million has been contributed to the other post retirement benefit plans.