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Pension and Other Benefits
9 Months Ended
Sep. 30, 2014
Pension And Other Postretirement Benefit Disclosure [Abstract]  
Pension And Other Postretirement Benefits Disclosure [Text Block]

Note 11 Pension and Other Benefits

 

The following table sets forth the components of net pension and other benefit costs for the three and nine months ended September 30, 2014 and 2013 (in millions):

 

  Pension Benefits Other Benefits
  2014 2013 2014 2013
             
Three Months Ended September 30           
Service cost$ 3.8 $ 4.8 $ - $ -
Interest cost  10.3   9.2   0.3   0.3
Expected return on plan assets (11.4)  (11.8)   -   -
Amortization of prior service cost  -   -   (0.3)   (0.2)
Amortization of actuarial losses/(gains)  1.1   3.3   -   (0.1)
Net periodic benefit cost$ 3.8 $ 5.5 $ - $ -
            
Nine Months Ended September 30           
Service cost$ 11.3 $ 12.8 $ - $ -
Interest cost  30.7   27.4   0.9   0.9
Expected return on plan assets  (34.0)   (35.1)   -   -
Amortization of prior service cost  0.1   0.1   (0.7)   (0.7)
Amortization of actuarial losses/(gains)  2.9   10.4   (0.1)   (0.1)
Net periodic benefit cost$ 11.0 $ 15.6 $ 0.1 $ 0.1

Employer Contributions

 

The Company anticipates making required contributions of approximately $3.8 million to its foreign pension plans during 2014, of which $3.0 million has been contributed through September 30, 2014. The Company is not required under the Pension Protection Act of 2006 to make any contributions to its qualified domestic benefit pension plans during 2014.