Employee Benefit Plans

3 Months Ended

Mar. 31, 2012

Employee Benefit Plans

NOTE K – Employee Benefit Plans

The Company has several defined benefit pension plans, which cover a majority of its employees. The following information details the components of net pension expense for the Company’s defined benefit plans:

	Three Months Ended March 31
	2012			2011
Service cost	$	17.1		$	11.1
Interest on projected benefit obligation		20.0			19.9
Expected return on assets		(27.4	)		(26.2	)
Amortization of prior service costs		.4			.4
Recognized actuarial loss		10.6			6.4
Net pension expense	$	20.7		$	11.6

During the three months ended March 31, 2012 and 2011, the Company contributed $82.7 and $4.1 to its pension plans, respectively.