XML 26 R14.htm IDEA: XBRL DOCUMENT v3.4.0.3
Pension and Post-Retirement Plans
3 Months Ended
Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Pension and Post-Retirement Plans
PENSION AND POST-RETIREMENT PLANS
The components of net periodic pension and post-retirement benefit costs for the three months ended March 31, 2016 and 2015 were as follows:
 
Three Months Ended March 31,
 (amounts in millions)
2016
 
2015
Pension & SERP Benefits:
Domestic
 
Foreign
 
Domestic
 
Foreign
Net periodic (benefit) cost:
 
 
 
 
 
 
 
Service cost
$

 
$
0.4

 
$

 
$
0.2

Interest cost on the projected benefit obligation
2.5

 
0.8

 
1.6

 
0.5

Expected return on plan assets
(2.9
)
 
(0.7
)
 
(2.4
)
 
(0.5
)
Amortization of prior service cost

 
0.2

 

 

Net periodic (benefit) cost
$
(0.4
)
 
$
0.7

 
$
(0.8
)
 
$
0.2

 
Three Months Ended March 31,
 (amounts in millions)
2016
 
2015
Post-retirement Benefits:
Domestic
 
Foreign
 
Domestic
 
Foreign
Net periodic cost:
 

 
 

 
 

 
 

Interest cost on the projected benefit obligation
$
0.1

 
$
0.1

 
$
0.1

 
$

Net periodic cost
$
0.1

 
$
0.1

 
$
0.1

 
$


No pension service cost was recognized during the three months ended March 31, 2016 and 2015 under the Domestic Pension Plan, nor will there be in future periods, as benefits in the plan were frozen in connection with the MacDermid Acquisition.
The Company did not make any contributions to the Pension Plan during the three months ended March 31, 2016. The Company expects to make contributions totaling $6.3 million and $0.6 million to the Pension Plan and other post-retirement benefit plans, respectively, during 2016.