XML 63 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Postretirement And Other Benefits
9 Months Ended
Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
Postretirement and Other Benefits
Postretirement and Other Benefits

The Company sponsors pension benefits in the United States, France and Canada and OPEB benefits related to postretirement healthcare and life insurance in the United States and Canada. The Company’s Canadian pension and OPEB benefits are not material and therefore are not included in the following disclosures.

Pension and OPEB Benefits

The components of net pension and OPEB benefit costs for U.S. employees and net pension benefit costs for French employees during the three and nine months ended September 30, 2014 and 2013 were as follows ($ in millions):
 
Three Months Ended September 30,
 
U.S. Pension Benefits
 
French Pension Benefits
 
U.S. OPEB Benefits
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Service cost
$

 
$

 
$
0.3

 
$
0.3

 
$

 
$
0.1

Interest cost
1.3

 
1.3

 
0.2

 
0.2

 

 

Expected return on plan assets
(1.8
)
 
(1.7
)
 
(0.1
)
 
(0.1
)
 

 

Amortizations and other
1.0

 
1.5

 
0.3

 
0.3

 
(0.1
)
 
(0.3
)
Curtailment benefit

 

 

 

 

 
(3.2
)
Net periodic benefit cost
$
0.5

 
$
1.1

 
$
0.7

 
$
0.7

 
$
(0.1
)
 
$
(3.4
)
 
Nine Months Ended September 30,
 
U.S. Pension Benefits
 
French Pension Benefits
 
U.S. OPEB Benefits
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Service cost
$

 
$

 
$
1.0

 
$
0.9

 
$

 
$
0.1

Interest cost
4.1

 
3.9

 
0.7

 
0.6

 
0.1

 
0.1

Expected return on plan assets
(5.5
)
 
(5.3
)
 
(0.3
)
 
(0.3
)
 

 

Amortizations and other
3.2

 
5.0

 
0.8

 
0.8

 
(0.5
)
 
(0.7
)
Curtailment benefit

 

 

 

 

 
(3.2
)
Net periodic benefit cost
$
1.8

 
$
3.6

 
$
2.2

 
$
2.0

 
$
(0.4
)
 
$
(3.7
)

During the fiscal year ended December 31, 2014, the Company expects to recognize approximately $3.7 million for amortization of accumulated other comprehensive loss related to its U.S. pension and OPEB plans and approximately $1.0 million for its French pension plans.