Pension and Postretirement Benefit Plans

9 Months Ended

Sep. 30, 2012

Pension and Postretirement Benefit Plans

Note 15. Pension and Postretirement Benefit Plans

The following table presents the components of net periodic benefit cost for the three and nine months ended September 30, 2012 and 2011 (in millions):

	Three Months Ended September 30,
	2012							2011
	Pension Benefits		Foreign Pension Benefits			Postretirement Benefits		Pension Benefits		Foreign Pension Benefits			Postretirement Benefits
Service cost	$	—	$	0.1		$	—	$	—	$	0.1		$	—
Interest cost		0.2		2.3			0.2		0.2		2.4			0.2
Expected return on plan assets		—		(3.0	)		—		—		(2.9	)		—
Amortization of actuarial loss		0.1		0.5			0.1		0.1		0.3			—
Net period benefit cost (income)	$	0.3	$	(0.1	)	$	0.3	$	0.3	$	(0.1	)	$	0.2

	Nine Months Ended September 30,
	2012							2011
	Pension Benefits		Foreign Pension Benefits			Postretirement Benefits		Pension Benefits		Foreign Pension Benefits			Postretirement Benefits
Service cost	$	—	$	0.1		$	—	$	—	$	0.1		$	—
Interest cost		0.6		7.1			0.6		0.7		7.3			0.7
Expected return on plan assets		—		(9.0	)		—		—		(8.8	)		—
Amortization of actuarial loss		0.2		1.5			0.1		0.1		1.0			—
Net period benefit cost (income)	$	0.8	$	(0.3	)	$	0.7	$	0.8	$	(0.4	)	$	0.7

During the three and nine months ended September 30, 2012, the Company contributed approximately $5 million and $10 million, respectively, to its pension and postretirement benefit plans. For the remainder of 2012, the Company expects to contribute approximately $1 million to its pension and postretirement benefit plans. A portion of this funding will be reimbursed for costs related to employees of managed hotels.