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Pension and Postretirement Benefits | 9 Months Ended
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Sep. 30, 2014
Pension and Postretirement Benefits | b. Pension and Postretirement Benefits. Net periodic pension expense for the three and nine months ended September 30, 2014 and 2013 is presented below (in millions of dollars):
|  | Three Months Ended Sept. 30, 2014 |  |  | Three Months Ended Sept. 30, 2013 |
|  | Total |  |  | U.S. Plans |  |  | Int’l. Plans |  |  | Total |  |  | U.S. Plans |  |  | Int’l. Plans |
Service cost |  | $ | 2.1 |  |  | $ | — |  |  | $ | 2.1 |  |  | $ | 2.6 |  |  | $ | — |  |  | $ | 2.6 |
Interest cost |  |  | 91.4 |  |  |  | 61.6 |  |  |  | 29.8 |  |  |  | 82.0 |  |  |  | 55.3 |  |  |  | 26.7 |
Expected return on plan assets |  |  | (111.8 | ) |  |  | (71.3 | ) |  |  | (40.5 | ) |  |  | (108.5 | ) |  |  | (73.0 | ) |  |  | (35.5 | )
Amortization of prior service (benefit) cost |  |  | (1.1 | ) |  |  | (.5 | ) |  |  | (.6 | ) |  |  | (.8 | ) |  |  | .2 |  |  |  | (1.0 | )
Recognized net actuarial loss |  |  | 37.5 |  |  |  | 27.5 |  |  |  | 10.0 |  |  |  | 48.1 |  |  |  | 35.1 |  |  |  | 13.0 |
Net periodic pension expense |  | $ | 18.1 |  |  | $ | 17.3 |  |  | $ | .8 |  |  | $ | 23.4 |  |  | $ | 17.6 |  |  | $ | 5.8 |
|  | Nine Months Ended Sept. 30, 2014 |  |  | Nine Months Ended Sept. 30, 2013 |
|  | Total |  |  | U.S. Plans |  |  | Int’l. Plans |  |  | Total |  |  | U.S. Plans |  |  | Int’l. Plans |
Service cost |  | $ | 6.4 |  |  | $ | — |  |  | $ | 6.4 |  |  | $ | 7.8 |  |  | $ | — |  |  | $ | 7.8 |
Interest cost |  |  | 276.0 |  |  |  | 186.3 |  |  |  | 89.7 |  |  |  | 244.3 |  |  |  | 165.1 |  |  |  | 79.2 |
Expected return on plan assets |  |  | (337.4 | ) |  |  | (215.3 | ) |  |  | (122.1 | ) |  |  | (323.9 | ) |  |  | (218.7 | ) |  |  | (105.2 | )
Amortization of prior service (benefit) cost |  |  | (1.7 | ) |  |  | (.1 | ) |  |  | (1.6 | ) |  |  | (1.2 | ) |  |  | .5 |  |  |  | (1.7 | )
Recognized net actuarial loss |  |  | 112.8 |  |  |  | 82.3 |  |  |  | 30.5 |  |  |  | 142.4 |  |  |  | 104.1 |  |  |  | 38.3 |
Curtailment gain |  |  | (.6 | ) |  |  | — |  |  |  | (.6 | ) |  |  | — |  |  |  | — |  |  |  | — |
Net periodic pension expense |  | $ | 55.5 |  |  | $ | 53.2 |  |  | $ | 2.3 |  |  | $ | 69.4 |  |  | $ | 51.0 |  |  | $ | 18.4 |
On August 8, 2014, legislation was signed into law in the U.S., which among other things, provides defined benefit plan sponsors with funding relief. The legislation includes provisions regarding interest rate stabilization for pension plans. The company estimates that the new guidelines will reduce cash funding requirements in 2014 for the company’s U.S. qualified defined benefit pension plan from the previous estimate of $126 million to approximately $80 million. In 2014, the company estimates that it will make cash contributions of approximately $188 million to its worldwide defined benefit pension plans, which is comprised of $108 million primarily for non-U.S. defined benefit pension plans and $80 million for the company’s U.S. qualified defined benefit pension plan. In 2013, the company made cash contributions of $147.2 million to its worldwide defined benefit pension plans. For the nine months ended September 30, 2014 and 2013, $161.3 million and $101.6 million, respectively, of cash contributions have been made. Net periodic postretirement benefit expense for the three and nine months ended September 30, 2014 and 2013 is presented below (in millions of dollars):
|  | Three Months Ended Sept. 30 |  |  | Nine Months Ended Sept. 30 |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Service cost |  | $ | .2 |  |  | $ | .2 |  |  | $ | .5 |  |  | $ | .5 |
Interest cost |  |  | 2.0 |  |  |  | 2.0 |  |  |  | 6.0 |  |  |  | 6.0 |
Expected return on assets |  |  | (.1 | ) |  |  | (.2 | ) |  |  | (.4 | ) |  |  | (.4 | )
Amortization of prior service cost |  |  | .4 |  |  |  | .5 |  |  |  | 1.3 |  |  |  | 1.4 |
Recognized net actuarial loss |  |  | .8 |  |  |  | 1.4 |  |  |  | 2.5 |  |  |  | 4.1 |
Net periodic postretirement benefit expense |  | $ | 3.3 |  |  | $ | 3.9 |  |  | $ | 9.9 |  |  | $ | 11.6 |
The company expects to make cash contributions of approximately $19 million to its postretirement benefit plan in 2014 compared with $18.0 million in 2013. For the nine months ended September 30, 2014 and 2013, $10.4 million and $11.0 million, respectively, of cash contributions have been made.

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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 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414718&loc=d3e28014-114942 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e2410-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=35742057&loc=SL14450702-114947 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414199&loc=d3e39622-114963 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39675-114964 + Details
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