Pension and Postretirement Benefits

6 Months Ended

Jun. 30, 2016

Compensation and Retirement Disclosure [Abstract]

Pension and Postretirement Benefits.

Net periodic pension expense for the three and six months ended June 30, 2016 and 2015 is presented below:



	Three Months Ended June 30, 2016									Three Months Ended June 30, 2015
	Total			U.S. Plans			Int’l. Plans			Total			U.S. Plans			Int’l. Plans
Service cost	$	2.1		$	—		$	2.1		$	2.1		$	—		$	2.1
Interest cost	81.4			58.1			23.3			79.0			55.9			23.1
Expected return on plan assets	(100.0		)	(63.2		)	(36.8		)	(102.2		)	(63.7		)	(38.5		)
Amortization of prior service (benefit) cost	(1.4		)	(0.7		)	(0.7		)	(1.1		)	(0.6		)	(0.5		)
Recognized net actuarial loss	39.4			29.3			10.1			48.6			32.7			15.9
Net periodic pension expense	$	21.5		$	23.5		$	(2.0	)	$	26.4		$	24.3		$	2.1



	Six Months Ended June 30, 2016									Six Months Ended June 30, 2015
	Total			U.S. Plans			Int’l. Plans			Total			U.S. Plans			Int’l. Plans
Service cost	$	3.9		$	—		$	3.9		$	4.3		$	—		$	4.3
Interest cost	161.9			115.7			46.2			158.9			112.0			46.9
Expected return on plan assets	(199.4		)	(126.6		)	(72.8		)	(204.9		)	(127.4		)	(77.5		)
Amortization of prior service (benefit) cost	(2.8		)	(1.3		)	(1.5		)	(2.2		)	(1.2		)	(1.0		)
Recognized net actuarial loss	78.2			58.0			20.2			98.2			66.4			31.8
Net periodic pension expense	$	41.8		$	45.8		$	(4.0	)	$	54.3		$	49.8		$	4.5

In 2016, the company expects that it will make cash contributions of approximately $136.1 million to its worldwide defined benefit pension plans, which are comprised of $53.8 million for the company's U.S. qualified defined benefit pension plan and $82.3 million primarily for the company's non-U.S. defined benefit pension plans. In 2015, the company made cash contributions of $148.3 million to its worldwide defined benefit pension plans. For the six months ended June 30, 2016 and 2015, $64.1 million and $75.7 million, respectively, of cash contributions have been made.

Net periodic postretirement benefit expense for the three and six months ended June 30, 2016 and 2015 is presented below:



	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Service cost	$	0.1		$	0.2		$	0.2		$	0.3
Interest cost	1.6			1.7			3.2			3.4
Expected return on assets	(0.1		)	(0.1		)	(0.2		)	(0.2		)
Recognized net actuarial loss	0.3			0.7			0.6			1.4
Amortization of prior service cost	—			0.3			—			0.6
Net periodic postretirement benefit expense	$	1.9		$	2.8		$	3.8		$	5.5

The company expects to make cash contributions of approximately $15.0 million to its postretirement benefit plan in 2016 compared with $15.9 million in 2015. For the six months ended June 30, 2016 and 2015, $5.4 million and $6.9 million, respectively, of cash contributions have been made.