XML 19 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Pensions and Postretirement Benefits Other Than Pensions (Tables)
3 Months Ended
Mar. 31, 2012
Pensions and Postretirement Benefits Other Than Pensions [Abstract]  
Net periodic benefit cost for pensions
                                                 
    U.S. Plans     U.K. Plans     Other Plans  
    Three Months Ended
March 31,
    Three Months Ended
March 31,
    Three Months Ended
March 31,
 
    2012     2011     2012     2011     2012     2011  
    (Dollars in millions)  

Service cost

  $ 14.2     $ 12.2     $ 5.0     $ 4.2     $ 2.4     $ 1.7  

Interest cost

    42.0       43.1       11.0       10.8       2.2       2.0  

Expected return on plan assets

    (54.3     (52.6     (16.0     (15.4     (2.3     (2.1

Amortization of prior service cost

    1.9       1.6       (0.1     (0.1     0.1       0.1  

Amortization of actuarial loss

    18.9       15.6       3.4       0.4       1.2       0.6  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gross periodic benefit cost (income)

    22.7       19.9       3.3       (0.1     3.6       2.3  

Curtailment loss (1)

                            1.5        
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost (income)

  $ 22.7     $ 19.9     $ 3.3     $ (0.1   $ 5.1     $ 2.3  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
             

Termination benefit charge

  $     $     $     $ 0.7     $     $  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Due to the approval of a plan to close a non-U.S. facility, pension assumptions were reevaluated on March 30, 2012 for the remeasurement of a non-U.S. plan. The facility closure resulted in a curtailment loss of $1.5 million.
Weighted average assumptions used to determine net periodic benefit costs
                                                 
    U.S. Plans     U.K. Plans     Other Plans  
    2012     2011     2012     2011     2012     2011  

Discount rate

    5.03     5.67     5.00     5.81     4.38     5.19

Expected long-term rate of return on assets

    8.25     8.25     8.25     8.25     8.07     8.08

Rate of compensation increase

    4.10     4.10     3.75     3.75     3.43     3.40
Net periodic postretirement benefit cost for other than pensions
                 
    Three Months Ended
March 31,
 
    2012     2011  
    (Dollars in millions)  

Service cost

  $ 0.3     $ 0.3  

Interest cost

    3.4       4.2  

Amortization of prior service cost

           

Amortization of actuarial (gain) loss

           
   

 

 

   

 

 

 

Net periodic benefit cost

  $ 3.7     $ 4.5  
   

 

 

   

 

 

 

The following table provides the assumptions used to determine the net periodic postretirement benefit cost.

 

         
    Three Months Ended March 31,
    2012   2011

Discount rate

  4.67%   5.29%

Healthcare trend rate

  7.5% in 2012 to 5% in 2018   7.5% in 2011 to 5% in 2017