XML 56 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Employee Benefit Plans
3 Months Ended
Mar. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plans
Employee Benefit Plans
The company provides certain pension, health care and death benefits for eligible retirees and their dependents.  The pension benefits are funded, while the health care and death benefits are not funded but are paid as incurred.  Eligibility for coverage is based on meeting certain years of service and retirement qualifications.  These benefits may be subject to deductibles, co-payment provisions, and other limitations.  The company has reserved the right to modify these benefits.
The components of periodic benefit costs for the three months ended March 31, 2014 and March 31, 2013 are as follows:
 
 
Three Months Ended March 31, 2014
 
 
U.S.
 
Non-U.S.
 
Postretirement
 
 
Pension
 
Pension
 
Health and
(in millions)
 
Plans
 
Plans
 
Other Plans
Service cost - benefits earned during the period
 
$

 
$
0.6

 
$
0.1

Interest cost of projected benefit obligations
 
2.6

 
2.7

 
0.5

Expected return on plan assets
 
(2.4
)
 
(2.3
)
 

Amortization of actuarial net loss
 
0.7

 
0.4

 
(0.1
)
Net periodic benefit costs
 
$
0.9

 
$
1.4

 
$
0.5

 
 
Three Months Ended March 31, 2013
 
 
U.S.
 
Non-U.S.
 
Postretirement
 
 
Pension
 
Pension
 
Health and
(in millions)
 
Plans
 
Plans
 
Other Plans
Service cost - benefits earned during the period
 
$

 
$
0.6

 
$
0.2

Interest cost of projected benefit obligations
 
2.4

 
2.5

 
0.5

Expected return on plan assets
 
(2.5
)
 
(1.9
)
 

Amortization of actuarial net loss
 
0.8

 
0.5

 

Net periodic benefit costs
 
$
0.7

 
$
1.7

 
$
0.7