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Pension and Postretirement Benefits (Tables)
3 Months Ended
Mar. 31, 2014
Pension Plans
 
Components of Net Periodic Benefit Expense

Net periodic pension expense for the three months ended March 31, 2014 and 2013 is presented below (in millions of dollars):

 

     Three Months     Three Months  
     Ended March 31, 2014     Ended March 31, 2013  
           U.S.     Int’l.           U.S.     Int’l.  
     Total     Plans     Plans     Total     Plans     Plans  

Service cost

   $ 2.4      $ —        $ 2.4      $ 2.6      $ —        $ 2.6   

Interest cost

     92.3        62.5        29.8        81.1        54.8        26.3   

Expected return on plan assets

     (112.7     (72.0     (40.7     (108.0     (73.0     (35.0

Amortization of prior service cost

     (.3     .2        (.5     (.1     .2        (.3

Recognized net actuarial loss

     37.8        27.8        10.0        47.6        34.9        12.7   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic pension expense

   $ 19.5      $ 18.5      $ 1.0      $ 23.2      $ 16.9      $ 6.3   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Other Postretirement Benefit Plans
 
Components of Net Periodic Benefit Expense

Net periodic postretirement benefit expense for the three months ended March 31, 2014 and 2013 is presented below (in millions of dollars):

 

     Three Months Ended March 31,  
     2014     2013  

Service cost

   $ .2      $ .1   

Interest cost

     2.0        2.0   

Expected return on assets

     (.1     (.1

Amortization of prior service cost

     .4        .4   

Recognized net actuarial loss

     .8        1.4   
  

 

 

   

 

 

 

Net periodic postretirement benefit expense

   $ 3.3      $ 3.8