Retirement Plans

Pension Plans

During the three and nine months ended September 30, 2015, we contributed $0.6 million and $1.2 million to our worldwide pension plans, respectively. We presently anticipate contributing up to $0.1 million to fund our worldwide pension plans during the remainder of 2015.

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, 2015 have exceeded our expected 2015 interest costs. As a result, a partial settlement event occurred during the three and nine months ended September 30, 2015 and we recognized a settlement loss of $1.0 million. A settlement loss of $0.2 million and $0.8 million were recognized for the three and nine months ended September 30, 2014, 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 pension plan as of September 30, 2015 and have adjusted the funded status on our Condensed Consolidated Balance Sheets as of September 30, 2015 accordingly.

During the nine months ended September 30, 2014, we recorded a curtailment gain in the amount of $0.7 million relating to our pension plan in Japan. This amount was recorded to restructuring and other in our Condensed Consolidated Statements of Operations.

We had a defined benefit pension plan located in the United Kingdom (UK Plan) for former employees with no current employees in the plan. On September 17, 2013, we settled our obligations under the UK Plan by way of a transaction with Pension Insurance Corporation (PIC) whereby PIC fully assumed the projected benefit obligation and underlying plan assets. It is a standard practice in the United Kingdom for a government review process to occur, entailing a review of the plan obligations and participant data, upon a transaction such as this one involving a transfer of a pension plan. During the third quarter of 2014, we had an additional obligation of $0.5 million associated with a true-up of the transaction that we have recorded in restructuring and other in the Condensed Consolidated Statements of Operations during the three and nine months ended September 30, 2014.

Components of net periodic pension (credit) cost included the following:



	United States						International						United States						International
	Three Months Ended September 30,												Nine Months Ended September 30,
(In millions)	2015			2014			2015			2014			2015			2014			2015			2014
Service cost	$	—		$	—		$	0.1		$	0.1		$	—		$	—		$	0.3		$	0.3
Interest cost	0.8			0.8			0.2			0.4			2.2			2.4			0.4			0.8
Expected return on plan assets	(1.1		)	(1.2		)	(0.2		)	(0.3		)	(3.1		)	(3.6		)	(0.6		)	(0.7		)
Amortization of net actuarial loss	0.3			0.3			—			0.1			0.9			0.9			0.2			0.2
Amortization of prior service credit	—			—			—			—			—			—			—			(0.1		)
Net periodic pension (credit) cost	$	—		$	(0.1	)	$	0.1		$	0.3		$	—		$	(0.3	)	$	0.3		$	0.5
Settlement loss	1.0			0.2			—			—			1.0			0.8			—			—
Curtailment gain	—			—			—			—			—			—			—			(0.7		)
Total pension (credit) cost	$	1.0		$	0.1		$	0.1		$	0.3		$	1.0		$	0.5		$	0.3		$	(0.2	)