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Pension and Postretirement Benefit Plans
3 Months Ended
Mar. 31, 2012
Pension and Postretirement Benefit Plans [Abstract]  
Pension and Postretirement Benefit Plans

Note 13. Pension and Postretirement Benefit Plans

The following table presents the components of net periodic benefit cost for the three months ended March 31, 2012 and 2011 (in millions):

 

                                                 
    Three Months Ended March 31,  
    2012     2011  
    Pension
Benefits
    Foreign
Pension
Benefits
    Postretirement
Benefits
    Pension
Benefits
    Foreign
Pension
Benefits
    Postretirement
Benefits
 

Service cost

  $ —       $ —       $ —       $ —       $ —       $ —    

Interest cost

    0.2       2.4       0.2       0.2       2.4       0.2  

Expected return on plan assets

    —         (3.0     —         —         (2.9     —    

Amortization of actuarial loss

    —         0.5       —         —         0.3       —    
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net period benefit cost

  $ 0.2     $ (0.1   $ 0.2     $ 0.2     $ (0.2   $ 0.2  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

During the three months ended March 31, 2012, the Company contributed approximately $2 million to its pension and postretirement benefit plans. For the remainder of 2012, the Company expects to contribute approximately $9 million to its pension and postretirement benefit plans. A portion of this funding will be reimbursed for costs related to employees of managed hotels.