Employee Benefit Plans

3 Months Ended

Mar. 31, 2017

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

Pension and Other Postretirement Benefits Disclosure [Text Block]


8.	EMPLOYEE BENEFIT PLANS

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



	Pension Benefits
	Three Months Ended
	March 31,
	2017			2016
	(in millions)

Service cost	$	0.8		$	0.7
Interest cost	6.8			7.3
Expected asset return	(10.5		)	(10.7		)
Amortized loss	1.7			1.4
Net periodic benefit credit	$	(1.2	)	$	(1.3	)

	Other Postretirement Benefits
	Three Months Ended
	March 31,
	2017			2016
	(in millions)

Service cost	$	0.1		$	0.1
Interest cost	3.3			3.5
Amortized loss	0.2			0.1
Amortized prior service credit	(0.7		)	(0.7		)
Net periodic benefit cost	$	2.9		$	3.0

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 March 31, 2017 and December 31, 2016, we have a noncurrent pension liability of $111.0 million and $113.5 million, respectively. As of March 31, 2017 and December 31, 2016, we have a noncurrent other postretirement benefits liability of $543.6 million and $542.6 million, respectively.

Due to the availability of our pre-funded pension balances (previous contributions in excess of prior required pension contributions) related to our U.S. pension plans, as well as contributions we made in 2015 for our U.K. pension plan, we are not required to make any cash payments to our pension trusts in 2017. We expect our cash payments for other postretirement benefit obligations in 2017, net of GM cost sharing, to be approximately $16 million.