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Pension and Postretirement Plans (Tables)
6 Months Ended
Jun. 30, 2012
Pension and Postretirement Plans  
Net periodic pension and postretirement health care benefit costs

The components of net periodic pension and postretirement health care benefit costs for the second quarter ended June 30 are as follows:

 

 

 

 

 

 

 

U.S.

 

 

 

 

 

International

 

Postretirement

 

 

 

U.S. Pension

 

Pension

 

Health Care

 

(millions)

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

12.6

 

$

11.7

 

$

7.3

 

$

5.9

 

$

1.3

 

$

0.5

 

Interest cost on benefit obligation

 

22.3

 

15.3

 

12.0

 

7.2

 

3.2

 

2.1

 

Expected return on plan assets

 

(31.8

)

(24.7

)

(10.7

)

(5.7

)

(0.3

)

(0.4

)

Recognition of net actuarial loss

 

11.3

 

8.0

 

1.0

 

1.4

 

0.1

 

0.1

 

Amortization of prior service cost (benefit)

 

(1.0

)

(1.1

)

 

 

 

 

Settlements/curtailments

 

 

 

0.8

 

 

 

 

 

 

$

13.4

 

$

9.2

 

$

10.4

 

$

8.8

 

$

4.3

 

$

2.3

 

 

The components of net periodic pension and postretirement health care benefit costs for the six months ended June 30 are as follows:

 

 

 

 

 

 

 

U.S.

 

 

 

 

 

International

 

Postretirement

 

 

 

U.S. Pension

 

Pension

 

Health Care

 

(millions)

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

25.2

 

$

23.4

 

$

14.7

 

$

11.5

 

$

2.5

 

$

1.0

 

Interest cost on benefit obligation

 

44.7

 

30.6

 

23.8

 

14.0

 

6.5

 

4.2

 

Expected return on plan assets

 

(63.6

)

(49.4

)

(21.2

)

(11.2

)

(0.6

)

(0.8

)

Recognition of net actuarial loss

 

22.6

 

16.0

 

2.0

 

2.8

 

0.2

 

0.2

 

Amortization of prior service cost (benefit)

 

(2.1

)

(2.2

)

(0.1

)

 

 

 

Settlements/curtailments

 

 

 

0.8

 

 

 

 

 

 

$

26.8

 

$

18.4

 

$

20.0

 

$

17.1

 

$

8.6

 

$

4.6