Pension And Postretirement Benefits

3 Months Ended

Mar. 31, 2012

Pension And Postretirement Benefits [Abstract]

Pension And Postretirement Benefits

b. Pension and Postretirement Benefits. Net periodic pension expense for the three months ended March 31, 2012 and 2011 is presented below (in millions of dollars):

	Three Months Ended March 31, 2012									Three Months Ended March 31, 2011
	Total			U.S. Plans			Int'l. Plans			Total			U.S. Plans			Int'l. Plans
Service cost	$	2.0		$	—		$	2.0		$	3.7		$	—		$	3.7
Interest cost		90.0			61.7			28.3			97.9			66.5			31.4
Expected return on plan assets		(105.3	)		(71.6	)		(33.7	)		(118.8	)		(85.2	)		(33.6	)
Amortization of prior service cost		.3			.2			.1			.2			.2			—
Recognized net actuarial loss		38.7			29.8			8.9			26.0			19.4			6.6
Net periodic pension expense	$	25.7		$	20.1		$	5.6		$	9.0		$	.9		$	8.1

In 2012, the company expects to make cash contributions of approximately $240 million to its worldwide defined benefit pension plans, which is comprised of $97 million primarily for non-U.S. defined benefit pension plans and $143 million for the company's U.S. qualified defined benefit pension plan. In 2011, the company made cash contributions of $82.7 million to its worldwide defined benefit pension plans. For the three months ended March 31, 2012 and 2011, $68.2 million and $22.2 million, respectively, of cash contributions have been made.

Net periodic postretirement benefit expense for the three months ended March 31, 2012 and 2011 is presented below (in millions of dollars):

	Three Months Ended March 31,
	2012			2011
Service cost	$	.1		$	.1
Interest cost		2.2			2.7
Expected return on assets		(.1	)		(.1	)
Amortization of prior service cost		.5			.3
Recognized net actuarial loss		1.1			.9
Net periodic postretirement benefit expense	$	3.8		$	3.9

The company expects to make cash contributions of approximately $23 million to its postretirement benefit plan in 2012 compared with $21.9 million in 2011. For the three months ended March 31, 2012 and 2011, $4.1 million and $4.7 million, respectively, of cash contributions have been made.