Employee Benefit Plans

6 Months Ended

Jun. 30, 2016

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]


6.	EMPLOYEE BENEFIT PLANS

The components of net periodic benefit cost (credit) are as follows:



	Pension Benefits
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
	(in millions)

Service cost	$	0.8		$	0.8		$	1.5		$	1.6
Interest cost	7.3			7.2			14.6			14.4
Expected asset return	(10.7		)	(10.6		)	(21.4		)	(21.2		)
Amortized loss	1.4			1.3			2.8			3.0
Net periodic benefit credit	$	(1.2	)	$	(1.3	)	$	(2.5	)	$	(2.2	)

	Other Postretirement Benefits
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
	(in millions)

Service cost	$	0.1		$	0.1		$	0.2		$	0.2
Interest cost	3.5			3.8			7.0			7.6
Amortized loss	0.1			0.2			0.2			0.4
Amortized prior service credit	(0.6		)	(0.7		)	(1.3		)	(1.4		)
Net periodic benefit cost	$	3.1		$	3.4		$	6.1		$	6.8

The noncurrent liabilities associated with our pension and other postretirement benefit plans are classified as postretirement benefits and other long-term liabilities on our Condensed Consolidated Balance Sheets. As of June 30, 2016 and December 31, 2015, we have a noncurrent pension liability of $100.7 million and $103.1 million, respectively. As of June 30, 2016 and December 31, 2015, we have a noncurrent other postretirement benefits liability of $544.8 million and $559.0 million, respectively.

Due to the availability of our prefunding balances (previous contributions in excess of prior required pension contributions) for our U.S. pension plans and our contributions made in 2015 for our U.K. pension plan, we are not required to make any cash payments to our pension trusts in 2016. We expect our cash payments for other postretirement benefit obligations in 2016, net of GM cost sharing, to be approximately $16 million.