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EMPLOYEE BENEFIT PLANS
 6 Months Ended
Jun. 30, 2012
EMPLOYEE BENEFIT PLANS  
EMPLOYEE BENEFIT PLANS

(9)                                 EMPLOYEE BENEFIT PLANS

 

Net periodic benefit expense for our pension and postretirement plans includes the following components:

 

Domestic Pension Plans

 

 

 

Three months ended

 

Six months ended

 

 

 

June 30,

 

July 2,

 

June 30,

 

July 2,

 

 

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

2.4

 

$

2.4

 

$

4.7

 

$

5.0

 

Interest cost

 

13.5

 

14.2

 

27.0

 

28.7

 

Expected return on plan assets

 

(15.9

)

(16.2

)

(31.8

)

(32.7

)

Amortization of unrecognized losses

 

6.8

 

5.8

 

13.7

 

11.6

 

Amortization of unrecognized prior service credits

 

(0.1

)

(0.2

)

(0.2

)

(0.4

)

Curtailment loss

 

—

 

—

 

0.1

 

—

 

Total net periodic benefit expense

 

6.7

 

6.0

 

13.5

 

12.2

 

Less: Net periodic benefit expense of discontinued operations

 

—

 

—

 

—

 

—

 

Net periodic benefit expense of continuing operations

 

$

6.7

 

$

6.0

 

$

13.5

 

$

12.2

 

 

Foreign Pension Plans

 

 

 

Three months ended

 

Six months ended

 

 

 

June 30,

 

July 2,

 

June 30,

 

July 2,

 

 

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

0.6

 

$

0.7

 

$

1.3

 

$

1.3

 

Interest cost

 

3.6

 

3.6

 

7.2

 

7.2

 

Expected return on plan assets

 

(4.0

)

(4.2

)

(8.2

)

(8.3

)

Amortization of unrecognized losses

 

0.3

 

0.3

 

0.7

 

0.5

 

Total net periodic benefit expense

 

0.5

 

0.4

 

1.0

 

0.7

 

Less: Net periodic benefit expense of discontinued operations

 

0.3

 

0.1

 

0.6

 

0.2

 

Net periodic benefit expense of continuing operations

 

$

0.2

 

$

0.3

 

$

0.4

 

$

0.5

 

 

Postretirement Plans

 

 

 

Three months ended

 

Six months ended

 

 

 

June 30,

 

July 2,

 

June 30,

 

July 2,

 

 

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

0.1

 

$

0.1

 

$

0.2

 

$

0.2

 

Interest cost

 

1.5

 

1.8

 

2.9

 

3.6

 

Amortization of unrecognized losses

 

0.9

 

1.1

 

1.9

 

2.3

 

Amortization of unrecognized prior service credits

 

(0.3

)

(0.3

)

(0.7

)

(0.7

)

Net periodic postretirement benefit expense of continuing operations

 

$

2.2

 

$

2.7

 

$

4.3

 

$

5.4

 

 

During the first six months of 2012, we made contributions and direct benefit payments of approximately $27.0 to our foreign and qualified domestic pension plans, of which $0.7 related to businesses classified as discontinued operations.