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Pensions and Other Postretirement Benefits (Tables)
6 Months Ended
Jun. 30, 2016
Pensions and Other Postretirement Benefits [Abstract]  
Components of net annual benefit cost (income)
The following table summarizes the components of net annual benefit cost (income):
(in Millions)
Three Months Ended June 30
 
Six Months Ended June 30
Pensions
 
Other Benefits
 
Pensions
 
Other Benefits
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Components of net annual benefit cost (income):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
2.6

 
$
3.5

 
$

 
$

 
$
5.3

 
$
7.6

 
$

 
$

Interest cost
12.7

 
15.3

 
0.2

 
0.2

 
25.4

 
30.7

 
0.4

 
0.5

Expected return on plan assets
(21.9
)
 
(22.3
)
 

 

 
(43.7
)
 
(44.5
)
 

 

Amortization of prior service cost (credit)
0.2

 
0.2

 

 

 
0.4

 
0.5

 

 
0.1

Recognized net actuarial and other (gain) loss
10.3

 
15.2

 
(0.3
)
 
(0.2
)
 
20.5

 
28.2

 
(0.5
)
 
(0.5
)
Recognized loss due to curtailment (1)

 

 

 

 

 
4.8

 

 
0.5

Net periodic benefit cost (2)
$
3.9

 
$
11.9

 
$
(0.1
)
 
$

 
$
7.9

 
$
27.3

 
$
(0.1
)
 
$
0.6


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(1)
Curtailment loss is associated with the disposal of our FMC Alkali Chemicals division and was recorded to discontinued operations within the condensed consolidated statements of income (loss).
(2)
Net periodic benefit cost represents both continuing and discontinued operations.