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EMPLOYEE BENEFIT PLANS
 9 Months Ended
Sep. 29, 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

 

Nine months ended

 

 

 

September 29,

 

October 1,

 

September 29,

 

October 1,

 

 

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

2.9

 

$

2.5

 

$

7.6

 

$

7.5

 

Interest cost

 

13.6

 

14.4

 

40.6

 

43.1

 

Expected return on plan assets

 

(15.7

)

(16.6

)

(47.5

)

(49.3

)

Amortization of unrecognized losses

 

7.6

 

5.8

 

21.3

 

17.4

 

Amortization of unrecognized prior service credits

 

(0.2

)

(0.3

)

(0.4

)

(0.7

)

Curtailment loss

 

—

 

—

 

0.1

 

—

 

Total net periodic benefit expense

 

8.2

 

5.8

 

21.7

 

18.0

 

Less: Net periodic benefit expense of discontinued operations

 

—

 

—

 

—

 

—

 

Net periodic benefit expense of continuing operations

 

$

8.2

 

$

5.8

 

$

21.7

 

$

18.0

 

 

Foreign Pension Plans

 

 

 

Three months ended

 

Nine months ended

 

 

 

September 29,

 

October 1,

 

September 29,

 

October 1,

 

 

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

0.7

 

$

0.6

 

$

2.0

 

$

1.9

 

Interest cost

 

3.6

 

3.8

 

10.8

 

11.0

 

Expected return on plan assets

 

(4.2

)

(4.1

)

(12.4

)

(12.4

)

Amortization of unrecognized losses

 

0.4

 

0.3

 

1.1

 

0.8

 

Total net periodic benefit expense

 

0.5

 

0.6

 

1.5

 

1.3

 

Less: Net periodic benefit expense of discontinued operations

 

0.3

 

0.4

 

0.9

 

0.6

 

Net periodic benefit expense of continuing operations

 

$

0.2

 

$

0.2

 

$

0.6

 

$

0.7

 

 

Postretirement Plans

 

 

 

Three months ended

 

Nine months ended

 

 

 

September 29,

 

October 1,

 

September 29,

 

October 1,

 

 

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

0.1

 

$

0.1

 

$

0.3

 

$

0.3

 

Interest cost

 

1.7

 

1.7

 

4.6

 

5.3

 

Amortization of unrecognized losses

 

0.8

 

1.2

 

2.7

 

3.5

 

Amortization of unrecognized prior service credits

 

(0.3

)

(0.4

)

(1.0

)

(1.1

)

Net periodic postretirement benefit expense of continuing operations

 

$

2.3

 

$

2.6

 

$

6.6

 

$

8.0

 

 

During the first nine months of 2012, we made contributions and direct benefit payments of approximately $39.0 to our foreign and domestic pension plans, of which $1.2 related to businesses classified as discontinued operations.