v2.4.0.8
EMPLOYEE RETIREMENT PLANS (Tables)
6 Months Ended
Jun. 30, 2014
EMPLOYEE RETIREMENT PLANS  
Schedule of components of net periodic benefit income (expense)

 

 
  Pensions
Three Months Ended
June 30,
  OPEB Benefits
Three Months Ended
June 30,
 
(In millions)
  2014   2013   2014   2013  

Components of net periodic benefit income (expense):

                         

Interest cost

    $ (7.9 )   $ (7.5 )   $ (1.1 )   $ (2.0

Service cost

    (0.9 )   (1.7 )   (0.2 )   (0.6 )

Expected return on assets

  11.8   9.8   -   -  

Amortization of:

                         

Prior service credit

  -   -   2.2   -  

Actuarial gain (loss)

    0.1     (0.5 )   -     -  
                   

Total net periodic benefit income (expense)

    $ 3.1     $ 0.1     $ 0.9     $ (2.6
                   
                   

 

 

 
  Pensions
Six Months Ended
June 30,
  OPEB Benefits
Six Months Ended
June 30,
 
(In millions)
  2014   2013   2014   2013  

Components of net periodic benefit income (expense):

                         

Interest cost

    $ (15.8 )   $ (13.0 )   $ (2.2 )   $ (3.3

Service cost

    (1.8 )   (2.8 )   (0.4 )   (1.1 )

Expected return on assets

  23.6   17.2   -   -  

Amortization of:

                         

Prior service credit

  -   -   4.6   -  

Actuarial gain (loss)

    0.2     (1.1 )   -     -  
                   

Total net periodic benefit income (expense)

    $ 6.2     $ 0.3     $ 2.0     $ (4.4
                   
                   
Schedule of weighted average assumptions used to determine the net periodic benefit income (expense)

 

 

 
  Pensions   OPEB
 
  2014   2013   2014   2013

Discount rate

  4.83%   4.09%   4.65%   4.35%

Expected return on assets

  7.42%   6.81%     Not Applicable   Not Applicable

Rate of compensation increase

  3.00%   3.15%   3.00%   3.11%