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Postretirement Benefits
9 Months Ended
Sep. 30, 2012
Postretirement Benefits [Abstract]  
POSTRETIREMENT BENEFITS

7. POSTRETIREMENT BENEFITS

The components of the Company’s net periodic pension expense for its defined benefit pension plans are summarized as follows:

 

                                                                 
    U.S. Benefit Plan     Non-U.S. Benefit Plan  
    Three months ended
September 30,
    Nine months ended
September 30,
    Three months ended
September 30,
    Nine months ended
September 30,
 
($ in millions)   2012     2011     2012     2011     2012     2011     2012     2011  

Service cost

  $ —       $ —       $ —       $ —       $ 0.1     $ —       $ 0.2     $ 0.1  

Interest cost

    1.5       1.8       5.5       5.5       0.7       0.8       2.0       2.2  

Expected return on plan assets

    (1.6     (1.7     (6.0     (5.3     (0.7     (0.8     (2.0     (2.5

Amortization of actuarial loss

    1.3       1.1       4.1       3.3       0.2       0.2       0.6       0.7  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net pension expense

  $ 1.2     $ 1.2     $ 3.6     $ 3.5     $ 0.3     $ 0.2     $ 0.8     $ 0.5  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

During the nine-month period ended September 30, 2012, the Company contributed $9.2 million to its U.S. defined benefit plan and $1.4 million to its non-U.S. defined benefit plan. During the comparable prior-year period, the Company contributed $1.6 million to the U.S. defined benefit plan and $0.9 million to the non-U.S. defined benefit plan. The Company expects to only contribute $9.2 million to the U.S. benefit plan and approximately $1.6 million to the non-U.S. benefit plan in 2012.