Retirement and Other Postretirement Benefit Plans

3 Months Ended

Mar. 31, 2015

Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]

Retirement and Other Postretirement Benefit Plans

Note 4 — Retirement and Other Postretirement Benefit Plans

We maintain qualified and nonqualified defined benefit retirement plans covering certain current and former U.S. and European employees, retirement savings plans covering eligible U.S. and U.K. employees and certain postretirement health care and life insurance benefit plans covering eligible U.S. retirees.  We also participate in a union sponsored multi-employer pension plan covering certain U.S. employees with union affiliations.

Defined Benefit Retirement Plans

Net Periodic Benefit Costs

Net periodic benefit costs of our defined benefit retirement plans for the quarters ended March 31, 2015 and 2014 were as follows:

	Quarter Ended March 31,
(In millions)	2015			2014
U.S. Nonqualified Defined Benefit Retirement Plans
Service cost	$	0.3	$	0.3
Interest cost		0.1		0.2
Net amortization and deferral		0.8		0.9
Settlement expense		—		1.3
Net periodic benefit cost	$	1.2	$	2.7

	March 31, 2015		December 31, 2014
Amounts recognized on the balance sheet:
Accrued liabilities	$	4.5	$	4.5
Other non-current liabilities		15.5		14.6
Total accrued benefit	$	20.0	$	19.1

	Quarter Ended March 31,
(In millions)	2015			2014
European Defined Benefit Retirement Plans
Service cost	$	0.2		$	0.2
Interest cost		1.6			1.8
Expected return on plan assets		(2.2	)		(2.4	)
Net amortization and deferral		0.2			0.1
Net periodic benefit credit	$	(0.2	)	$	(0.3	)

	March 31, 2015		December 31, 2014
Amounts recognized on the balance sheet:
Non-current asset	$	5.2	$	3.3
Accrued liabilities	$	1.5	$	0.4
Other non-current liabilities		16.5		17.1
Total accrued benefit	$	18.0	$	17.5

Contributions

We generally fund our U.S. non-qualified defined benefit retirement plans when benefit payments are incurred.  Under the provisions of these non-qualified plans, we have contributed $0.1 million in the first three months of 2015 to cover unfunded benefits and expect to contribute an additional $4.5 million in 2015.  We contributed $25.7 million to our U.S. non-qualified defined benefit retirement plans during the 2014 fiscal year.

We contributed $1.3 million and $1.4 million to our European defined benefit retirement plans in the first quarters of 2015 and 2014, respectively.  We plan to contribute approximately $3.9 million during 2015 to these European plans. We contributed $6.1 million to our European plans during the 2014 fiscal year.

Postretirement Health Care and Life Insurance Benefit Plans

Net periodic benefit costs of our postretirement health care and life insurance benefit plans for the quarters ended March 31, 2015 and 2014 were immaterial.

	March 31,2015		December 31,2014
Amounts recognized on the balance sheet:
Accrued liabilities	$	0.6	$	0.6
Other non-current liabilities		5.4		5.7
Total accrued benefit	$	6.0	$	6.3

In connection with our postretirement plans, we contributed approximately $0.1 million during both of the quarters ended March 31, 2015 and 2014.  We periodically fund our postretirement plans to pay covered expenses as they are incurred.  We expect to contribute approximately $0.6 million in 2015 to cover unfunded benefits.  We contributed $0.2 million to our postretirement plans during the 2014 fiscal year.