Employee Benefit Plans

9 Months Ended

Sep. 30, 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						Nine Months Ended
	September 30						September 30
	2013			2012			2013			2012
Service cost	$	18.3		$	16.0		$	55.0		$	48.0
Interest on projected benefit obligation		20.2			20.3			60.6			61.0
Expected return on assets		(29.8	)		(27.6	)		(89.4	)		(82.8	)
Amortization of prior service costs		.3			.3			.9			1.1
Recognized actuarial loss		11.0			10.8			33.0			32.4
Net pension expense	$	20.0		$	19.8		$	60.1		$	59.7

During the three and nine months ended September 30, 2013, the Company contributed $5.9 and $12.0 to its pension plans, respectively, and $8.3 and $93.7 for the three and nine months ended September 30, 2012, respectively.