XML 37 R29.htm IDEA: XBRL DOCUMENT v3.3.0.814
Employee Benefits (Tables)
9 Months Ended
Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
Schedule of (Income) Charges Related to Benefit Plans
The following table presents the components of net periodic postretirement benefit cost (income) for the VEBAs and charges relating to all other employee benefit plans for the periods presented (in millions of dollars):
 
Quarter Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
VEBAs:
 
 
 
 
 
 
 
Service cost1
$

 
$
0.6

 
$

 
$
1.7

Interest cost
0.7

 
4.2

 
2.1

 
12.5

Expected return on plan assets
(1.1
)
 
(12.9
)
 
(3.3
)
 
(38.5
)
Amortization of prior service cost
0.7

 
2.6

 
2.2

 
8.0

Amortization of net actuarial loss (gain)
0.3

 
(0.5
)
 
0.8

 
(1.4
)
Total net periodic postretirement benefit cost (income) relating to VEBAs
0.6

 
(6.0
)
 
1.8

 
(17.7
)
(Gain) loss on removal of Union VEBA net assets2
(2.9
)
 

 
490.9

 

Total VEBAs
(2.3
)
 
(6.0
)
 
492.7

 
(17.7
)
Other employee benefit plans:
 
 
 
 
 
 
 
Deferred compensation plan
(0.4
)
 

 
0.1

 
0.6

Defined contribution plans
1.4

 
1.3

 
7.1

 
6.8

Multiemployer pension plans
1.1

 
0.8

 
2.9

 
2.6

Total other employee benefit plans
$
2.1

 
$
2.1

 
$
10.1

 
$
10.0

Total
$
(0.2
)
 
$
(3.9
)
 
$
502.8

 
$
(7.7
)

____________
1 
The service cost related to the Salaried VEBA was insignificant for all periods presented.
2 
Includes a $2.9 million adjustment during the quarter ended September 30, 2015 to decrease our contingent contribution accrual related to the Union VEBA settlement.
The following table presents the allocation of the charges (income) detailed above, by reportable segment and business unit (in millions of dollars – see Note 11):
 
Quarter Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
Fabricated Products
$
2.4

 
$
2.0

 
$
9.4

 
$
8.9

All Other
(2.6
)
 
(5.9
)
 
493.4

 
(16.6
)
Total
$
(0.2
)
 
$
(3.9
)
 
$
502.8

 
$
(7.7
)