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Employee Benefit Plans
3 Months Ended
Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
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,

   2016     2015  

Service cost

   $       21.9      $       21.6   

Interest on projected benefit obligation

     23.6        22.9   

Expected return on assets

     (35.6     (34.8

Amortization of prior service costs

     .3        .3   

Recognized actuarial loss

     6.5        10.1   
  

 

 

   

 

 

 

Net pension expense

   $ 16.7      $ 20.1   
  

 

 

   

 

 

 

During the three months ended March 31, 2016 and 2015, the Company contributed $5.1 and $2.7 to its pension plans, respectively.