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Employee Benefits
3 Months Ended
Mar. 31, 2014
Compensation And Retirement Disclosure [Abstract]  
Employee Benefits

NOTE 6: EMPLOYEE BENEFITS

The following table summarizes the components of net periodic benefit cost for the three month periods ended March 31, 2014 and 2013 for the Ryerson pension plans and postretirement benefits other than pension:

 

     Three Months Ended March 31,  
     Pension Benefits     Other Benefits  
     2014     2013     2014     2013  
     (In millions)  

Components of net periodic benefit cost

        

Service cost

   $ —       $ 1      $ —       $ —    

Interest cost

     10        9        1        1   

Expected return on assets

     (12     (11     —         —    

Recognized actuarial net (gain) loss

     3        3        (2     (2
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost (credit)

   $ 1      $ 2      $ (1   $ (1
  

 

 

   

 

 

   

 

 

   

 

 

 

 

Contributions

The Company has contributed $10.6 million to the pension plan fund through the three months ended March 31, 2014 and anticipates that it will have a minimum required pension contribution funding of approximately $57 million for the remaining nine months of 2014.