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Pensions and Postretirement Benefits
6 Months Ended
Jun. 30, 2012
Pensions and Postretirement Benefits
9. Pensions and Postretirement Benefits

The components of net periodic benefit cost for the Company’s U.S. and foreign defined benefit pension and other postretirement plans for the quarters and six months ended June 30, 2012 and 2011, are as follows:

 

     Quarters Ended June 30,  
     Pension Benefits     Other Benefits  
     2012     2011     2012      2011  
     (in millions)  

Service cost

   $ 1.1      $ 0.9      $ 0.2       $ 0.2   

Interest cost

     2.6        2.0        0.1         0.1   

Expected return on plan assets

     (2.3     (1.4     —           —     

Amortization of prior service cost

     0.1        —          —           —     

Net loss component

     2.3        0.8        —           —     

Deconsolidation of GST

     (0.5     (0.3     —           —     
  

 

 

   

 

 

   

 

 

    

 

 

 
   $ 3.3      $ 2.0      $ 0.3       $ 0.3   
  

 

 

   

 

 

   

 

 

    

 

 

 

 

     Six Months Ended June 30,  
     Pension Benefits     Other Benefits  
     2012     2011     2012      2011  
     (in millions)  

Service cost

   $ 2.3      $ 2.2      $ 0.4       $ 0.4   

Interest cost

     5.1        4.8        0.2         0.2   

Expected return on plan assets

     (4.5     (3.4     —           —     

Amortization of prior service cost

     0.2        —          —           —     

Net loss component

     4.5        2.0        —           —     

Deconsolidation of GST

     (1.1     (0.8     —           —     
  

 

 

   

 

 

   

 

 

    

 

 

 
   $ 6.5      $ 4.8      $ 0.6       $ 0.6   
  

 

 

   

 

 

   

 

 

    

 

 

 

The Company estimates it will be required to contribute $13.4 million to its U.S. defined benefit pension plans and approximately $0.4 million to its foreign pension plans in 2012.