Retirement Plans and Postretirement Health Care and Life Insurance Benefits

3 Months Ended

Jan. 31, 2014

Compensation And Retirement Disclosure [Abstract]

Retirement Plans and Postretirement Health Care and Life Insurance Benefits

NOTE 13 — RETIREMENT PLANS AND POSTRETIREMENT HEALTH CARE AND LIFE INSURANCE BENEFITS

The components of net periodic pension cost include the following (Dollars in millions):

	Three months ended
	January 31,
	2014			2013
Service cost	$	3.9		$	4.2
Interest cost		7.4			6.9
Expected return on plan assets		(8.5	)		(8.1	)
Amortization of prior service cost, initial net asset and net actuarial gain		2.7			4.2
Net periodic pension costs	$	5.5		$	7.2

The Company made $3.3 million in pension contributions in the three months ended January 31, 2014. The Company estimates $13.2 million of pension contributions for the twelve months ended October 31, 2014.

The components of net periodic cost for postretirement benefits include the following (Dollars in millions):

	Three months ended
	January 31,
	2014			2013
Service cost	$	—		$	—
Interest cost		0.2			0.2
Amortization of prior service cost and recognized actuarial gain		(0.4	)		(0.4	)
Net periodic benefit for postretirement benefits	$	(0.2	)	$	(0.2	)