Pension and Postretirement Benefits

9 Months Ended

Sep. 30, 2016

Compensation and Retirement Disclosure [Abstract]

Pension and Postretirement Benefits.

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



	Three Months Ended September 30, 2016									Three Months Ended September 30, 2015
	Total			U.S. Plans			Int’l. Plans			Total			U.S. Plans			Int’l. Plans
Service cost	$	1.8		$	—		$	1.8		$	2.2		$	—		$	2.2
Interest cost	79.3			57.7			21.6			80.0			56.1			23.9
Expected return on plan assets	(97.2		)	(63.2		)	(34.0		)	(103.1		)	(63.7		)	(39.4		)
Amortization of prior service (benefit) cost	(1.4		)	(0.6		)	(0.8		)	(1.1		)	(0.6		)	(0.5		)
Recognized net actuarial loss	38.7			29.0			9.7			49.2			33.1			16.1
Net periodic pension expense	$	21.2		$	22.9		$	(1.7	)	$	27.2		$	24.9		$	2.3



	Nine Months Ended September 30, 2016									Nine Months Ended September 30, 2015
	Total			U.S. Plans			Int’l. Plans			Total			U.S. Plans			Int’l. Plans
Service cost	$	5.7		$	—		$	5.7		$	6.5		$	—		$	6.5
Interest cost	241.2			173.4			67.8			238.9			168.1			70.8
Expected return on plan assets	(296.6		)	(189.8		)	(106.8		)	(308.0		)	(191.1		)	(116.9		)
Amortization of prior service (benefit) cost	(4.2		)	(1.9		)	(2.3		)	(3.3		)	(1.8		)	(1.5		)
Recognized net actuarial loss	116.9			87.0			29.9			147.4			99.5			47.9
Net periodic pension expense	$	63.0		$	68.7		$	(5.7	)	$	81.5		$	74.7		$	6.8

In 2016, the company expects that it will make cash contributions of approximately $134.0 million to its worldwide defined benefit pension plans, which are comprised of $52.3 million for the company's U.S. qualified defined benefit pension plan and $81.7 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 nine months ended September 30, 2016 and 2015, $104.0 million and $115.6 million, respectively, of cash contributions have been made.

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



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Service cost	$	0.1		$	0.1		$	0.3		$	0.4
Interest cost	1.6			1.7			4.8			5.1
Expected return on assets	(0.1		)	(0.1		)	(0.3		)	(0.3		)
Recognized net actuarial loss	0.3			0.7			0.9			2.1
Amortization of prior service cost	—			0.3			—			0.9
Net periodic postretirement benefit expense	$	1.9		$	2.7		$	5.7		$	8.2

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 nine months ended September 30, 2016 and 2015, $9.1 million and $10.8 million, respectively, of cash contributions have been made.