Employee Benefit Plans

3 Months Ended

Mar. 31, 2013

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,	2013			2012
Service cost	$	18.9		$	17.1
Interest on projected benefit obligation		20.3			20.0
Expected return on assets		(29.9	)		(27.4	)
Amortization of prior service costs		.3			.4
Recognized actuarial loss		10.9			10.6
Net pension expense	$	20.5		$	20.7

During the three months ended March 31, 2013 and 2012, the Company contributed $3.4 and $82.7 to its pension plans, respectively.