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Employee Benefits
 9 Months Ended
Sep. 30, 2013
Compensation And Retirement Disclosure [Abstract]  
Employee Benefits

NOTE 7: EMPLOYEE BENEFITS

The following table summarizes the components of net periodic benefit cost for the three and nine month periods ended September 30, 2013 and 2012 for the Ryerson pension plans and postretirement benefits other than pension:

 

     Three Months Ended September 30,  
     Pension Benefits     Other Benefits  
     2013     2012     2013     2012  
     (In millions)  

Components of net periodic benefit cost

         

Service cost

    $ 1      $ 1     $ —       $ 1  

Interest cost

      9        11        1        1   

Expected return on assets

      (11 )      (12 )      —         —    

Recognized actuarial net (gain) loss

      3        3        (2 )      (2 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic benefit cost (credit)

    $ 2      $ 3      $ (1 )    $ —    
  

 

 

    

 

 

    

 

 

    

 

 

  
     Nine Months Ended September 30,  
     Pension Benefits     Other Benefits  
     2013     2012     2013     2012  
     (In millions)  

Components of net periodic benefit cost

         

Service cost

    $ 2      $ 2      $ —       $ 1   

Interest cost

      27        31        3        5   

Expected return on assets

      (33 )      (34 )      —         —    

Prior service credit

      —         —         (1 )      —    

Recognized actuarial net (gain) loss

      10        9        (5 )      (6 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic benefit cost (credit)

    $ 6      $ 8      $ (3 )    $ —    
  

 

 

    

 

 

    

 

 

    

 

 

  

Contributions

The Company has contributed $37.3 million to the pension plan fund through the nine months ended September 30, 2013 and anticipates that it will have a minimum required pension contribution funding of approximately $11 million for the remaining three months of 2013.