Retirement Benefits

6 Months Ended

Jun. 30, 2013

Retirement Benefits [Abstract]

Retirement Benefits

7. Retirement Benefits

The components of net periodic benefit (credit) cost included in the consolidated statements of income for the three months ended June 30,2013 and 2012 are as follows:

	Pension Benefits				Other Benefits
	2013		2012		2013		2012
Service cost	$	3.7	$	4.0	$	1.7	$	1.7
Interest cost		16.7		19.2		5.6		6.9
Expected return on assets		(33.3)		(33.6)		(5.5)		(5.3)
Recognized actuarial loss		8.5		7.6		2.8		3.7
Settlement loss		3.7		3.0		-		-
Amortization of prior service credit		(0.2)		(0.2)		(3.4)		(3.4)
Net periodic benefit (credit) cost	$	(0.9)	$	-	$	1.2	$	3.6

The components of net periodic benefit (credit) cost included in the consolidated statements of income for the six months ended June 30,2013 and 2012 are as follows:

	Pension Benefits				Other Benefits
	2013		2012		2013		2012
Service cost	$	7.3	$	8.2	$	3.4	$	3.4
Interest cost		33.4		38.3		11.2		13.8
Expected return on assets		(66.6)		(67.3)		(11.0)		(10.5)
Recognized actuarial loss		17.1		15.2		5.6		7.1
Settlement loss		7.1		6.6		-		-
Amortization of prior service credit		(0.4)		(0.4)		(6.7)		(6.7)
Net periodic benefit (credit) cost	$	(2.1)	$	0.6	$	2.5	$	7.1

For the year ending December 31, 2013, no material contributions are expected to be necessary to meet the Employee Retirement Income Security Act, or ERISA, required funding levels; however, we may elect to make discretionary contributions up to the maximum amount deductible for income tax purposes. No contributions were made to our retirement benefit plans during the six months ended June 30, 2013 and 2012.