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Benefit Plans from Pension Plans
6 Months Ended
Jun. 30, 2013
Benefit Plans from Pension Plans [Abstract]  
Pension Plans
Note 9.  Benefit Plans

     The Company and its subsidiaries have pension plans covering the majority of eligible employees on a contributory or non-contributory basis.  The Company also provides postretirement health care and life insurance benefits for the majority of its U.S. retired employees.   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
 
 
 
Six Months Ended
 
 
 
 
June 30, 2013
 
 
 
July 1, 2012
 
 
 
June 30, 2013
 
 
 
July 1, 2012
 
Service cost                                                                            
 
$
2.3
 
 
$
2.3
 
 
$
4.6
 
 
$
4.7
 
Interest cost                                                                            
 
 
2.8
 
 
 
2.9
 
 
 
5.6
 
 
 
5.8
 
Expected return on plan assets                                                                            
 
 
(3.7
)
 
 
(3.5
)
 
 
(7.4
)
 
 
(7.0
)
Amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior service cost  
 
 
0.3
 
 
 
0.3
 
 
 
0.6
 
 
 
0.6
 
 
Recognized net actuarial loss  
 
 
3.4
 
 
 
3.4
 
 
 
6.8
 
 
 
6.8
 
 
Net periodic benefit cost  
 
$
5.1
 
 
$
5.4
 
 
$
10.2
 
 
$
10.9
 
 
 
(millions of dollars)
 
Other Benefits
 
 
 
Three Months Ended
 
 
 
Six Months Ended
 
 
 
 
June 30, 2013
 
 
 
July 1, 2012
 
 
 
June 30, 2013
 
 
 
July 1, 2012
 
Service cost                                                                            
 
$
0.2
 
 
$
0.1
 
 
$
0.3
 
 
$
0.3
 
Interest cost                                                                            
 
 
0.1
 
 
 
0.1
 
 
 
0.2
 
 
 
0.2
 
Amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior service cost  
 
 
(0.8
)
 
 
(0.8
)
 
 
(1.6
)
 
 
(1.6
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net periodic benefit cost  
 
$
(0.5
)
 
$
(0.6
)
 
$
(1.1
)
 
$
(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 approximately $10 million to its pension plans and $1 million to its other post retirement benefit plans in 2013. As of June 30, 2013, $3.9 million has been contributed to the pension plans and approximately $0.3 million has been contributed to the other post retirement benefit plans.