v2.4.0.8
EMPLOYEE RETIREMENT PLANS (Tables)
 3 Months Ended
Mar. 31, 2014
EMPLOYEE RETIREMENT PLANS  
Schedule of components of net periodic benefit income (expense)

 

 

 
   Pensions
Three Months Ended
March 31,		   OPEB Benefits
Three Months Ended
March 31,		  
(In millions)
   2014   2013   2014   2013  

Components of net periodic benefit income (expense):

                          

Interest cost

     $ (7.9 )   $ (5.6 )   $ (1.1 )   $ (1.3 )

Service cost

     (0.9 )   (1.1 )   (0.2 )   (0.4 )

Expected return on plan assets

     11.8     7.3     -     -  

Amortization of:

                          

Prior service credit

     -     -     2.3     -  

Actuarial gain (loss)

     0.1     (0.5 )   -     -  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total net periodic benefit income (expense)

   $ 3.1     $ 0.1     $ 1.0     $ (1.7 ) 
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
Schedule of weighted average assumptions used to determine the benefit obligation

 

 

 
   Pensions   OPEB
 
   2014   2013   2014   2013

Discount rate

 4.83%   4.16%     4.65%   4.39%

Expected return on assets

   7.42%   6.91%     Not Applicable   Not Applicable

Rate of compensation increase

   3.00%   3.14%     3.00%   3.11%