Other income expense

3 Months Ended

Mar. 31, 2013

Other Income and Expenses [Abstract]

Other Income and Other Expense Disclosure [Text Block]

(3) Other (Income) Expense

Items included in other (income) expense consist of:

	Three Months Ended March 31,
(millions of dollars)	2013			2012
Program termination agreement	$	11.3		$	—
Retirement related obligations	5.9			—
Other	(0.3		)	1.1
Other (income) expense	$	16.9		$	1.1

In March 2013, the Company recorded an $11.3 million expense related to a program termination agreement, which is expected to be paid out in 2013.

During the fourth quarter of 2012, the Company waived the forfeiture provision associated with future restricted stock grants made to certain retiring Named Executive Officers. The Company recorded a $5.9 million retirement related obligation primarily related to a first quarter 2013 grant of restricted stock awards to these Named Executive Officers.