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Employee Benefit Plans
3 Months Ended
Mar. 31, 2016
Compensation And Retirement Disclosure [Abstract]  
Employee Benefit Plans

Note 9 - Employee benefit plans:

Defined benefit plans - The components of net periodic defined benefit pension cost are presented in the table below.

 

 

Three months ended

 

 

March 31,

 

 

2015

 

 

2016

 

 

(In millions)

 

Service cost

$

2.9

 

 

$

2.5

 

Interest cost

 

4.0

 

 

 

3.8

 

Expected return on plan assets

 

(4.6

)

 

 

(3.8

)

Amortization of prior service cost

 

.2

 

 

 

.2

 

Recognized actuarial losses

 

3.5

 

 

 

2.8

 

Total

$

6.0

 

 

$

5.5

 

 

Postretirement benefits - The components of net periodic postretirement benefits other than pension (OPEB) cost are presented in the table below.

 

 

Three months ended

 

 

March 31,

 

 

2015

 

 

2016

 

 

(In millions)

 

Interest cost

$

.1

 

 

$

.1

 

Amortization of prior service credit

 

(.2

)

 

 

(.2

)

Recognized actuarial loss

 

.1

 

 

 

-

 

Total

$

-

 

 

$

(.1

)

 Contributions - We expect our 2016 contributions for our pension and other postretirement plans to be approximately $16 million.