Retirement and Other Postretirement Benefit Plans

6 Months Ended

Jun. 30, 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 and six months ended June30, 2015 and 2014, were as follows:

		QuarterEndedJune30,				SixMonthsEndedJune30,
(Inmillions)		2015		2014		2015		2014
U.S. Nonqualified Defined Benefit Retirement Plans
Service cost	........................................................	$	0.3	$	0.2	$	0.6	$	0.5
Interest cost	........................................................		0.1		0.2		0.3		0.4
Net amortization and deferral	............................		0.8		1.0		1.5		1.9
Settlement expense	............................................		—		1.4		—		2.7
Net periodic benefit cost	....................................	$	1.2	$	2.8	$	2.4	$	5.5

	June30, 2015		December31, 2014
Amounts recognized on the balance sheet:
Accrued liabilities	............................................................................................................$	0.5	$	4.5
Other non-current liabilities	...........................................	15.4		14.6
Total accrued benefit	............................................................................................................$	15.9	$	19.1

		QuarterEndedJune30,						SixMonthsEndedJune30,
(Inmillions)		2015			2014			2015			2014
European Defined Benefit Retirement Plans
Service cost	........................................................	$	0.2		$	0.2		$	0.4		$	0.4
Interest cost	........................................................		1.7			1.8			3.3			3.6
Expected return on plan assets	...........................		(2.3	)		(2.4	)		(4.5	)		(4.8	)
Net amortization and deferral	............................		0.2			0.2			0.4			0.3
Net periodic benefit credit	.................................	$	(0.2	)	$	(0.2	)	$	(0.4	)	$	(0.5	)

	June30, 2015		December31, 2014
Amounts recognized on the balance sheet:
Noncurrent asset	...........................................................................................................$	7.3	$	3.3
Accrued liabilities	...........................................................................................................$	1.8	$	0.4
Other non-current liabilities	...........................................	17.0		17.1
Total accrued benefit	...........................................................................................................$	18.8	$	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 $4.7 million in the first six months of 2015 to cover unfunded benefits and expect to contribute an additional $0.3 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 $1.7 million to our European defined benefit retirement plans in the second quarters of 2015 and 2014, respectively.Contributions to the defined benefit retirement plans were $2.7 million and $3.1 million for the six months ended June30, 2015 and 2014. 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 and six months ended June30, 2015 and 2014 were immaterial.

	June30, 2015		December31, 2014
Amounts recognized on the balance sheet:
Accrued liabilities	...........................................................................................................$	0.6	$	0.6
Other non-current liabilities	...........................................	5.5		5.7
Total accrued benefit	...........................................................................................................$	6.1	$	6.3

In connection with our postretirement plans, we contributed $0.1 million and $0.2 million during the six-month periods ended June30, 2015 and 2014, respectively.Contributions during the second quarters of 2015 and 2014 were each about$0.1 million.We periodically fund our postretirement plans to pay covered expenses as they are incurred. Based on six months of activity, we expect to contribute approximately $0.2 million in 2015 to cover unfunded benefits. We contributed $0.2 million to our postretirement plans during the 2014 fiscal year.