RETIREMENT PLANS AND POSTRETIREMENT HEALTH CARE AND LIFE INSURANCE BENEFITS

9 Months Ended

Jul. 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						Nine months ended
	July 31,						July 31,
	2014			2013			2014			2013
Service cost	$	3.9		$	4.2		$	11.7		$	12.6
Interest cost		7.4			6.9			22.2			20.7
Expected return on plan assets		(8.5	)		(8.1	)		(25.5	)		(24.3	)
Amortization of prior service cost, initial net asset and net actuarial gain		2.7			4.2			8.1			12.6
Net periodic pension costs	$	5.5		$	7.2		$	16.5		$	21.6

The Company made $9.9 million in pension contributions in the nine months ended July 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						Nine months ended
	July 31,						July 31,
	2014			2013			2014			2013
Service cost	$	—		$	—		$	—		$	—
Interest cost		0.2			0.2			0.6			0.6
Amortization of prior service cost and recognized actuarial gain		(0.4	)		(0.4	)		(1.2	)		(1.2	)
Net periodic benefit for postretirement benefits	$	(0.2	)	$	(0.2	)	$	(0.6	)	$	(0.6	)