v2.4.0.8
EMPLOYEE RETIREMENT PLANS (Tables)
6 Months Ended
Jun. 30, 2013
EMPLOYEE RETIREMENT PLANS  
Schedule of net periodic benefit cost (income)

 

 

 
  Pensions
Three Months Ended June 30,
  Other
Postretirement
Benefits
Three Months
Ended June 30,
 
(In millions)
  2013   2012   2013  

Components of net periodic benefit cost (income):

                   

Interest cost

    $ 7.5     $ 1.8     $ 2.0  

Service cost

    1.7     -     0.6  

Expected return on assets

    (9.8 )   (2.2 )   -  

Amortization of actuarial loss

    0.5     0.4     -  
               

Total net periodic benefit cost (income)

    $ (0.1 )   $ -     $ 2.6  
               

 

 
  Pensions
Six Months Ended June 30,
  Other
Postretirement
Benefits
Six Months
Ended June 30,
 
(In millions)
  2013   2012   2013  

Components of net periodic benefit cost:

                   

Interest cost

    $ 13.0     $ 3.6     $ 3.3  

Service cost

    2.8     -     1.1  

Expected return on assets

    (17.2 )   (4.3 )   -  

Amortization of actuarial loss

    1.1     0.8     -  
               

Total net periodic benefit cost

    $ (0.3 )   $ 0.1     $ 4.4  
               
Schedule of weighted average assumptions used to determine the benefit obligation

 

 

 
  Pensions   Other
Postretirement
Benefits
 
  2013   2012   2013

Discount rate

  4.09%   5.00%     4.35%

Expected return on assets

  6.81%   8.25%     Not Applicable

Rate of compensation increase

  3.15%   Not
Applicable
    3.11%