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PENSION AND POSTRETIREMENT PLANS (Tables)
9 Months Ended
Sep. 30, 2017
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 third quarter ended September 30 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

International

 

U.S. Postretirement

 

 

Pension

 

Pension

 

Health Care

(millions)

    

2017

 

2016

    

2017

 

2016

    

2017

 

2016

Service cost

 

 

$17.5

 

 

 

$16.8

 

 

$7.7

 

 

 

$7.0

 

 

$0.7

 

 

 

$0.8

Interest cost on benefit obligation

 

 

20.9

 

 

 

20.4

 

 

7.0

 

 

 

8.0

 

 

1.5

 

 

 

2.0

Expected return on plan assets

 

 

(37.4)

 

 

 

(35.9)

 

 

(13.9)

 

 

 

(13.3)

 

 

(0.1)

 

 

 

(0.2)

Recognition of net actuarial (gain) loss

 

 

7.2

 

 

 

7.7

 

 

4.5

 

 

 

3.6

 

 

(0.6)

 

 

 

(0.4)

Amortization of prior service

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

cost (benefit)

 

 

(1.7)

 

 

 

(1.7)

 

 

(0.2)

 

 

 

(0.2)

 

 

(4.2)

 

 

 

(0.1)

Total expense (benefit)

 

 

$6.5

 

 

 

$7.3

 

 

$5.1

 

 

 

$5.1

 

 

$(2.7)

 

 

 

$2.1

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

International

 

U.S. Postretirement

 

 

Pension

 

Pension

 

Health Care

(millions)

    

2017

 

2016

    

2017

 

2016

    

2017

 

2016

Service cost

 

 

$52.6

 

 

 

$50.3

 

 

$23.0

 

 

 

$20.9

 

 

$2.0

 

 

 

$2.3

Interest cost on benefit obligation

 

 

62.6

 

 

 

61.2

 

 

21.1

 

 

 

24.0

 

 

4.4

 

 

 

6.1

Expected return on plan assets

 

 

(112.3)

 

 

 

(107.7)

 

 

(41.7)

 

 

 

(40.0)

 

 

(0.4)

 

 

 

(0.6)

Recognition of net actuarial (gain) loss

 

 

21.5

 

 

 

23.1

 

 

13.6

 

 

 

10.7

 

 

(1.8)

 

 

 

(1.2)

Amortization of prior service

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

cost (benefit)

 

 

(5.1)

 

 

 

(5.2)

 

 

(0.5)

 

 

 

(0.6)

 

 

(12.5)

 

 

 

(0.2)

Total expense (benefit)

 

 

$19.3

 

 

 

$21.7

 

 

$15.5

 

 

 

$15.0

 

 

$(8.3)

 

 

 

$6.4