v2.3.0.15
Employee Benefits (Tables)
9 Months Ended
Sep. 30, 2011
Compensation and Retirement Disclosure [Abstract] 
Components of Net Periodic Benefit (Income) Cost
Components of Net Periodic Benefit Cost (Income). Net periodic benefit costs consisted of the following, for each period presented:
 
Quarter Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2011
 
2010
 
2011
 
2010
VEBAs:
 
 
 
 
 
 
 
Service cost
$
0.7

 
$
0.7

 
$
2.2

 
$
2.2

Interest cost
3.9

 
4.0

 
11.6

 
12.0

Expected return on plan assets
(7.6
)
 
(5.2
)
 
(22.8
)
 
(15.7
)
Amortization of prior service cost
1.1

 
1.0

 
3.1

 
3.1

Amortization of net gain
(0.2
)
 
(0.1
)
 
(0.6
)
 
(0.3
)
Total (income) cost relating to VEBAs
(2.1
)
 
0.4

 
(6.5
)
 
1.3

Deferred compensation plan
(0.3
)
 
0.2

 
(0.1
)
 
1.1

Defined contribution plans
1.2

 
1.1

 
5.9

 
5.5

Multiemployer pension plans
0.8

 
0.7

 
2.3

 
2.1

Total
$
(0.4
)
 
$
2.4

 
$
1.6

 
$
10.0

Allocation of net periodic benefit (income) cost and (benefits) charges relating to other benefit plans
The following tables present the allocation of the charges detailed above, by segment (see Note 14):
 
Quarter Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2011
 
2010
 
2011
 
2010
Fabricated Products
$
1.7

 
$
1.8

 
$
7.4

 
$
7.0

All Other
(2.1
)
 
0.6

 
(5.8
)
 
3.0

Total
$
(0.4
)
 
$
2.4

 
$
1.6

 
$
10.0

Schedule of common shares sold by Union VEBA
 
Nine Months Ended
 
September 30,
 
2011
 
2010
Common stock sold by Union VEBA
1,321,485

 
1,321,485

Increase in Union VEBA assets 1
$
65.5

 
$
52.0

Reduction in Common stock owned by Union VEBA 2
$
(31.7
)
 
$
(31.7
)
Increase in Additional paid in capital
$
(9.1
)
 
$
(0.7
)
Decrease in Deferred tax assets
$
(24.7
)
 
$
(19.6
)
________________________
1
At a weighted-average price of $49.58 and $39.38 per share realized by the Union VEBA for the nine month periods ended September 30, 2011 and September 30, 2010, respectively.
2     At $24.02 per share reorganization value.