Pensions And Other Benefit Programs

6 Months Ended

Jun. 30, 2011

Pensions And Other Benefit Programs

Pensions And Other Benefit Programs

NOTE 14. PENSIONS AND OTHER BENEFIT PROGRAMS

Following are the components of net periodic benefit costs (credits):

	Three Months Ended						Six Months Ended
	June 30						June 30
	2011			2010			2011			2010
U.S. defined-benefit plans:
Pension benefits
Service cost of benefits earned during the period	$	3.9		$	4.1		$	7.8		$	8.2
Interest cost on projected benefit obligation		23.1			24.1			46.1			48.2
Expected return on plan assets		(38.1	)		(41.7	)		(76.2	)		(83.5	)
Amortization of prior service cost		0.4			0.4			0.9			0.9
Amortization of net actuarial loss		4.8			1.0			9.6			2.1
Net periodic pension (credit)	$	(5.9	)	$	(12.1	)	$	(11.8	)	$	(24.1	)
Retiree health and life insurance benefits
Service cost of benefits earned during the period	$	0.6		$	0.6		$	1.2		$	1.2
Interest cost on projected benefit obligation		3.6			3.7			7.2			7.4
Amortization of net actuarial (gain)		(0.7	)		(1.6	)		(1.4	)		(3.2	)
Net periodic postretirement benefit cost	$	3.5		$	2.7		$	7.0		$	5.4
Non-U.S. defined-benefit pension plans
Service cost of benefits earned during the period	$	1.0		$	1.3		$	1.8		$	2.7
Interest cost on projected benefit obligation		4.5			4.5			8.9			9.1
Expected return on plan assets		(3.3	)		(3.3	)		(6.6	)		(6.7	)
Amortization of net actuarial loss		—			0.1			0.1			0.2
Net periodic pension cost	$	2.2		$	2.6		$	4.2		$	5.3