XML 29 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
Pension and Postretirement Health and Life Benefits
9 Months Ended
Sep. 30, 2017
Retirement Benefits, Description [Abstract]  
Pension and Postretirement Health and Life Benefits
PENSION AND POSTRETIREMENT HEALTH AND LIFE BENEFITS

The components of net periodic benefit cost (credit) for the defined benefit pension plans were as follows (in millions):
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2017
 
2016
 
2017
 
2016
Service costs
$
0.9

 
$
1.0

 
$
2.8

 
$
2.9

Interest costs
8.0

 
8.9

 
24.1

 
26.6

Expected gains on plan assets
(10.1
)
 
(10.6
)
 
(30.5
)
 
(31.6
)
Actuarial loss from remeasurement

 

 

 
0.8

Net periodic benefit credit
$
(1.2
)
 
$
(0.7
)
 
$
(3.6
)
 
$
(1.3
)


In the second quarter of 2016, the level of lump-sum payments under the non-qualified defined benefit pension plans resulted in the remeasurement of pension obligations under settlement accounting rules. The remeasurement resulted in a loss of $0.8 million included in Selling, General and Administrative Expenses in the second quarter of 2016. The loss includes the effect of a decrease in the discount rate used in the remeasurement of pension obligations from approximately 4.5% as of December 31, 2015, to approximately 3.7% as of June 30, 2016.
    
The components of net periodic benefit cost for the postretirement health and life benefit plans were as follows (in millions):
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2017
 
2016
 
2017
 
2016
Interest costs
$
1.8

 
$
2.1

 
$
5.4

 
$
6.1

Expected gains on plan assets

 
(0.1
)
 

 
(0.2
)
Amortization of prior service credits, net

 
(0.1
)
 
(0.1
)
 
(0.2
)
Net periodic benefit cost
$
1.8

 
$
1.9

 
$
5.3

 
$
5.7