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Net Periodic Benefit Cost
9 Months Ended
Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
NET PERIODIC BENEFIT COST
NET PERIODIC BENEFIT COST
Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the three months ended September 30:
 
U.S. Pension Benefits
 
Non-U.S. Pension Benefits
 
Other U.S. Post-retirement Benefits
 
Total
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Service cost, net
$
223

 
$
123

 
$
3,856

 
$
4,364

 
$
43

 
$
54

 
$
4,122

 
$
4,541

Interest cost on projected benefit obligations
1,599

 
1,439

 
5,380

 
4,864

 
60

 
101

 
7,039

 
6,404

Expected return on plan assets
(2,137
)
 
(1,788
)
 
(9,372
)
 
(8,650
)
 

 

 
(11,509
)
 
(10,438
)
Recognition of prior service cost

 

 
(1,009
)
 
(991
)
 
(195
)
 
22

 
(1,204
)
 
(969
)
Recognition of actuarial losses/(gains)
1,200

 
1,945

 
1,082

 
1,842

 
(359
)
 
(247
)
 
1,923

 
3,540

Net periodic pension cost/(credit)
$
885

 
$
1,719

 
$
(63
)
 
$
1,429

 
$
(451
)
 
$
(70
)
 
$
371

 
$
3,078



Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the nine months ended September 30:

 
U.S. Pension Benefits
 
Non-U.S. Pension Benefits
 
Other U.S. Post-retirement Benefits
 
Total
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Service cost, net
$
669

 
$
370

 
$
11,741

 
$
12,991

 
$
129

 
$
162

 
$
12,539

 
$
13,523

Interest cost on projected benefit obligations
4,797

 
4,316

 
16,383

 
14,569

 
180

 
303

 
21,360

 
19,188

Expected return on plan assets
(6,411
)
 
(5,365
)
 
(28,512
)
 
(25,912
)
 

 

 
(34,923
)
 
(31,277
)
Recognition of prior service cost

 

 
(3,079
)
 
(2,965
)
 
(585
)
 
65

 
(3,664
)
 
(2,900
)
Recognition of actuarial losses/(gains)
3,600

 
5,837

 
3,272

 
5,511

 
(1,077
)
 
(741
)
 
5,795

 
10,607

Net periodic pension cost/(credit)
$
2,655

 
$
5,158

 
$
(195
)
 
$
4,194

 
$
(1,353
)
 
$
(211
)
 
$
1,107

 
$
9,141



As previously disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2013, the Company expects to make employer contributions of approximately $21.8 million to its non-U.S. pension plans and employer contributions of approximately $0.5 million to its U.S. post-retirement medical plan during the year ended December 31, 2014. These estimates may change based upon several factors, including fluctuations in currency exchange rates, actual returns on plan assets and changes in legal requirements.