Employee Benefit Plans

9 Months Ended

Sep. 28, 2013

Employee Benefit Plans

Note J – Employee Benefit Plans

Pension Disclosures

The components of net periodic pension benefit for the Company’s foreign pension plan are as follows:

	Third Quarter						Year-to-Date
(In millions)	2013			2012			2013			2012
Service cost	$	—		$	—		$	—		$	—
Interest cost		1.9			2.5			6.2			7.2
Expected return on plan assets		(2.6	)		(3.1	)		(8.7	)		(8.6	)
Net periodic pension benefit	$	(0.7	)	$	(0.6	)	$	(2.5	)	$	(1.4	)

During the first quarter of 2012, the Company settled a dispute related to funding of the pension plan acquired in 2003 and contributed the net settlement to the plan. Refer to Note E. The plan has been in a net asset position since that funding. There are no funding requirements while the plan has an asset surplus.