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Net Periodic Benefit Cost
3 Months Ended
Mar. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
NET PERIODIC BENEFIT COST
NET PERIODIC BENEFIT COST
Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the three months ended March 31:
 
U.S. Pension Benefits
 
Non-U.S. Pension Benefits
 
Other U.S. Post-retirement Benefits
 
Total
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Service cost, net
$
223

 
$
123

 
$
3,962

 
$
4,369

 
$
43

 
$
54

 
$
4,228

 
$
4,546

Interest cost on projected benefit obligations
1,599

 
1,439

 
5,483

 
4,883

 
60

 
101

 
7,142

 
6,423

Expected return on plan assets
(2,137
)
 
(1,788
)
 
(9,544
)
 
(8,692
)
 

 

 
(11,681
)
 
(10,480
)
Recognition of prior service cost

 

 
(1,040
)
 
(994
)
 
(195
)
 
22

 
(1,235
)
 
(972
)
Recognition of actuarial losses/(gains)
1,200

 
1,945

 
1,106

 
1,846

 
(359
)
 
(247
)
 
1,947

 
3,544

Net periodic pension cost/(credit)
$
885

 
$
1,719

 
$
(33
)
 
$
1,412

 
$
(451
)
 
$
(70
)
 
$
401

 
$
3,061



As previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, the Company expects to make employer contributions of approximately $21.8 million to its non-U.S. pension plan and employer contributions of approximately $0.5 million to its U.S. post-retirement medical plan during the year ended December 31, 2014. These estimates may change based upon several factors, including fluctuations in currency exchange rates, actual returns on plan assets and changes in legal requirements.