Employee Benefit Plans

6 Months Ended

Jun. 30, 2014

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 June 30						Six Months Ended June 30
	2014			2013			2014			2013
Service cost	$	17.0		$	17.8		$	34.0		$	36.7
Interest on projected benefit obligation		23.1			20.1			46.1			40.4
Expected return on assets		(32.2	)		(29.7	)		(64.2	)		(59.6	)
Amortization of prior service costs		.3			.3			.6			.6
Recognized actuarial loss		5.2			11.1			10.4			22.0
Net pension expense	$	13.4		$	19.6		$	26.9		$	40.1

During the three and six months ended June 30, 2014, the Company contributed $4.1 and $8.3 to its pension plans, respectively, and $2.7 and $6.1 for the three and six months ended June 30, 2013, respectively.