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Retirement Plans
9 Months Ended
Sep. 30, 2012
Compensation and Retirement Disclosure [Abstract]  
Retirement Plans
Retirement Plans
Pension Plans
During the nine months ended September 30, 2012 we contributed $4.3 million to our worldwide pension plans.
In connection with actions taken under our announced restructuring programs, the number of employees accumulating benefits under our pension plan in the United States continues to decline. Participants in our U.S. defined benefit pension plan have the option of receiving cash lump sum payments when exiting the plan, which a number of participants exiting the plan have elected to receive. Lump sum payments for the nine months ended September 30, 2012 have exceeded our expected 2012 service and interest costs. As a result, a partial settlement event occurred during the three months ended September 30, 2012 and we recognized a loss of $0.5 million. A settlement loss of $0.9 million was recognized for the three months ended September 30, 2011. Settlement losses of $2.0 million and $1.9 million were recorded for the nine months ended September 30, 2012 and 2011, respectively. These settlement losses are included in restructuring and other in our Condensed Consolidated Statements of Operations. Additionally, in connection with the settlement and as required by pension accounting, we remeasured the funded status of our U.S. defined benefit plan as of September 30, 2012.
Components of net periodic pension cost included the following:
 
 
United States
 
International
 
United States
 
International
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
Service cost
 
$

 
$

 
$
0.1

 
$
0.1

 
$

 
$

 
$
0.3

 
$
0.3

Interest cost
 
0.8

 
3.4

 

 
0.7

 
2.4

 
5.6

 

 
2.1

Expected return on plan assets
 
(1.4
)
 
(4.8
)
 

 
(0.9
)
 
(4.3
)
 
(7.9
)
 

 
(2.6
)
Amortization of net actuarial loss
 
0.4

 
0.7

 
0.1

 
0.1

 
1.0

 
1.1

 
0.3

 
0.3

Amortization of prior service (credit) cost
 

 

 

 
(0.1
)
 

 

 

 
(0.3
)
Net periodic pension cost (credit)
 
$
(0.2
)
 
$
(0.7
)
 
$
0.2

 
$
(0.1
)
 
$
(0.9
)
 
$
(1.2
)
 
$
0.6

 
$
(0.2
)
Settlement
 
0.5

 
0.9

 

 

 
2.0

 
1.9

 

 

Total pension cost (credit)
 
$
0.3

 
$
0.2

 
$
0.2

 
$
(0.1
)
 
$
1.1

 
$
0.7

 
$
0.6

 
$
(0.2
)