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Pensions
6 Months Ended
Jun. 30, 2013
Pensions

NOTE 5 – PENSIONS

The following table summarizes the components of net postretirement pension expense:

 

     U.S. Benefit Plan     Non-U.S. Benefit Plan  
     Three Months Ended
June 30,
    Six Months Ended
June 30,
    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
(in millions)    2013     2012     2013     2012     2013     2012     2013     2012  

Service cost

   $ —       $ —       $ —       $ —       $ 0.1      $ 0.1      $ 0.1      $ 0.1   

Interest cost

     1.9        2.2        3.7        4.0        0.6        0.6        1.2        1.3   

Amortization of actuarial loss

     1.9        1.5        3.7        2.8        0.2        0.2        0.4        0.4   

Expected return on plan assets

     (2.2     (2.4     (4.4     (4.4     (0.7     (0.7     (1.3     (1.3
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net postretirement pension expense

   $ 1.6      $ 1.3      $ 3.0      $ 2.4      $ 0.2      $ 0.2      $ 0.4      $ 0.5   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

During the six months ended June 30, 2013 and 2012, the Company contributed $2.8 million and $3.2 million to its U.S. defined benefit plan, respectively, and $0.8 million and $1.2 million to its non-U.S. defined benefit plan, respectively. The Company expects to contribute up to $6.8 million to the U.S. benefit plan and up to $2.3 million to the non-U.S. benefit plan in 2013.