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Employee Benefits (Tables)
6 Months Ended
Jun. 30, 2014
Compensation And Retirement Disclosure [Abstract]  
Components of Net Periodic Benefit Cost

The following table summarizes the components of net periodic benefit cost for the three and six month periods ended June 30, 2014 and 2013 for the Ryerson pension plans and postretirement benefits other than pension:

 

     Three Months Ended June 30,  
     Pension Benefits     Other Benefits  
     2014     2013     2014     2013  
     (In millions)  

Components of net periodic benefit cost

        

Service cost

   $ 1      $ —       $ —       $ —    

Interest cost

     9        9        1        1   

Expected return on assets

     (12     (11     —         —    

Prior service credit

     —         —         —         (1

Recognized actuarial net (gain) loss

     2        4        (2     (1
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost (credit)

   $ —       $ 2      $ (1   $ (1
  

 

 

   

 

 

   

 

 

   

 

 

 
     Six Months Ended June 30,  
     Pension Benefits     Other Benefits  
     2014     2013     2014     2013  
     (In millions)  

Components of net periodic benefit cost

        

Service cost

   $ 1      $ 1      $ —       $ —    

Interest cost

     19        18        2        2   

Expected return on assets

     (24     (22     —         —    

Prior service credit

     —         —         —         (1

Recognized actuarial net (gain) loss

     5        7        (4     (3
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost (credit)

   $ 1      $ 4      $ (2   $ (2