v2.4.0.8

Retirement Benefits | 9 Months Ended
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Sep. 30, 2013
Retirement Benefits |
Retirement Benefits | (9) Net periodic pension expense for the U.S. and non-U.S. defined benefit pension plans includes the following components:
|  | U.S. Pension Plan |  | Non-U.S. Pension Plans |
|  | Three Months Ended |  | Nine Months Ended |  | Three Months Ended |  | Nine Months Ended |
|  | September 30, |  | September 30, |  | September 30, |  | September 30, |
(in thousands) |  | 2013 |  | 2012 |  | 2013 |  | 2012 |  | 2013 |  | 2012 |  | 2013 |  | 2012 |
Service cost |  | $ | 1,613 |  | $ | 1,489 |  | $ | 4,840 |  | $ | 4,468 |  | $ | 3,809 |  | $ | 1,921 |  | $ | 11,505 |  | $ | 5,815 |
Interest cost |  | 7,275 |  | 8,323 |  | 21,825 |  | 24,970 |  | 7,989 |  | 8,070 |  | 23,925 |  | 24,518 |
Expected return on assets |  | (7,744 | ) | (8,830 | ) | (23,232 | ) | (26,492 | ) | (11,527 | ) | (10,369 | ) | (34,507 | ) | (31,446 | )
Amortization of prior service cost |  | 26 |  | (28 | ) | 77 |  | (85 | ) | — |  | — |  | — |  | — |
Recognized net actuarial loss |  | 1,510 |  | 3,409 |  | 4,530 |  | 10,226 |  | 1,683 |  | 786 |  | 5,058 |  | 2,352 |
Net periodic pension expense |  | $ | 2,680 |  | $ | 4,363 |  | $ | 8,040 |  | $ | 13,087 |  | $ | 1,954 |  | $ | 408 |  | $ | 5,981 |  | $ | 1,239 |
The company currently expects to fund approximately $20 million to $40 million into its defined benefit pension plans during 2013, which is expected to be in excess of the minimum funding required. During the nine months ended September 30, 2013, contributions of approximately $11 million were made by the company. During the third quarter of 2013, the company’s Board of Directors approved an amendment to the U.S. pension plan to freeze the accrual of future service-related benefits for craft participants on December 31, 2013. The amendment did not have a material impact on the plan’s pension obligation or accumulated other comprehensive income. The preceding information does not include amounts related to benefit plans applicable to employees associated with certain contracts with the U.S. Department of Energy because the company is not responsible for the current or future funded status of these plans.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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