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PENSION AND POSTRETIREMENT PLANS (Tables)
6 Months Ended
Jun. 30, 2016
PENSION AND POSTRETIREMENT PLANS  
Net periodic pension and postretirement health care benefit costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

International

 

U.S. Postretirement

 

 

 

Pension

 

Pension

 

Health Care

 

(millions)

    

2016

 

2015

    

2016

 

2015

    

2016

 

2015

 

Service cost

 

 

$
16.8

 

 

 

$
19.1

 

 

$
7.0

 

 

 

$
8.2

 

 

$
0.8

 

 

 

$
1.0

 

Interest cost on benefit obligation

 

 

20.4

 

 

 

22.8

 

 

8.1

 

 

 

9.9

 

 

2.0

 

 

 

2.4

 

Expected return on plan assets

 

 

(35.9)

 

 

 

(33.1)

 

 

(13.5)

 

 

 

(13.7)

 

 

(0.2)

 

 

 

(0.3)

 

Recognition of net actuarial (gain) loss

 

 

7.7

 

 

 

12.2

 

 

3.6

 

 

 

3.8

 

 

(0.4)

 

 

 

(1.5)

 

Amortization of prior service cost (benefit)

 

 

(1.7)

 

 

 

(1.8)

 

 

(0.2)

 

 

 

(0.1)

 

 

(0.1)

 

 

 

(0.1)

 

Total expense

 

 

$
7.3

 

 

 

$
19.2

 

 

$
5.0

 

 

 

$
8.1

 

 

$
2.1

 

 

 

$
1.5

 

 

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

 

U.S. Postretirement

 

 

 

Pension

 

Pension

 

Health Care

 

(millions)

    

2016

 

2015

    

2016

 

2015

    

2016

 

2015

 

Service cost

 

 

$
33.5

 

 

 

$
38.2

 

 

$
13.9

 

 

 

$
16.7

 

 

$
1.5

 

 

 

$
1.9

 

Interest cost on benefit obligation

 

 

40.8

 

 

 

45.6

 

 

16.2

 

 

 

20.2

 

 

4.1

 

 

 

4.8

 

Expected return on plan assets

 

 

(71.8)

 

 

 

(66.3)

 

 

(27.0)

 

 

 

(27.8)

 

 

(0.4)

 

 

 

(0.5)

 

Recognition of net actuarial (gain) loss

 

 

15.4

 

 

 

24.3

 

 

7.2

 

 

 

7.8

 

 

(0.8)

 

 

 

(3.1)

 

Amortization of prior service cost (benefit)

 

 

(3.5)

 

 

 

(3.5)

 

 

(0.4)

 

 

 

(0.1)

 

 

(0.1)

 

 

 

(0.1)

 

Total expense

 

 

$
14.4

 

 

 

$
38.3

 

 

$
9.9

 

 

 

$
16.8

 

 

$
4.3

 

 

 

$
3.0