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Employee Benefit And Retirement Plans
9 Months Ended
Sep. 30, 2015
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Employee Benefit And Retirement Plans
Employee Benefit and Retirement Plans
The following table presents the components of the Company’s pension cost, including supplemental retirement plans, for the three months ended September 30, (in millions):
 
U.S.
 
International    
 
2015
 
2014
 
2015
 
2014
Service cost-benefits earned during the period
$
0.8

 
$
1.0

 
$
1.5

 
$
1.5

Interest cost on projected benefit obligation
10.3

 
11.3

 
5.0

 
6.4

Expected return on plan assets
(14.4
)
 
(14.4
)
 
(5.7
)
 
(6.7
)
Amortization of prior service cost, actuarial loss and other
6.8

 
6.1

 
0.9

 
0.8

Net periodic pension cost
$
3.5

 
$
4.0

 
$
1.7

 
$
2.0


The following table presents the components of the Company’s pension cost, including supplemental retirement plans, for the nine months end September 30, (in millions):
 
U.S.
 
International    
 
2015
 
2014
 
2015
 
2014
Service cost-benefits earned during the period
$
2.4

 
$
3.0

 
$
4.5

 
$
4.5

Interest cost on projected benefit obligation
30.9

 
33.8

 
15.0

 
19.2

Expected return on plan assets
(43.2
)
 
(43.1
)
 
(17.1
)
 
(20.1
)
Amortization of prior service cost, actuarial loss and other
20.4

 
18.3

 
2.7

 
2.4

Net periodic pension cost
$
10.5

 
$
12.0

 
$
5.1

 
$
6.0

    
The following table presents the components of the Company’s other postretirement benefit costs for the three and nine months ended September 30, (in millions):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
Service cost-benefits earned during the period
$
0.1

 
$
0.2

 
$
0.3

 
$
0.8

Interest cost on projected benefit obligation
0.8

 
1.2

 
2.4

 
3.6

Amortization of prior service benefit and actuarial gains
(1.9
)
 
(1.6
)
 
(5.7
)
 
(4.8
)
Net other postretirement benefit cost (benefit)
$
(1.0
)
 
$
(0.2
)
 
$
(3.0
)
 
$
(0.4
)

The Company made cash contributions to the Company-sponsored profit sharing plan of $16.4 million and $16.1 million during the nine months ended September 30, 2015 and 2014, respectively. The Company made a voluntary cash contribution of $70.0 million to its U.S. defined benefit plan in January 2015.

In September 2015, the Company commenced an offer to approximately3,300 former employees who have deferred vested benefits under the Company’s tax-qualified U.S. pension plan. These former employees have the opportunity to make a one-time election to receive a lump-sum distribution of the present value of their benefits by the end of 2015. The benefit obligation associated with these former employees is approximately $120 million, equivalent to approximately 13% of the Company’s benefit obligation for its U.S. tax-qualified pension plan. The cash payments to those electing the lump sum distribution will be made from the pension plan assets. Therefore, the lump sum payment offer will not impact the Company’s cash flow. Based on the acceptance rate of the offer to date, the Company will be required to recognize a non-cash settlement charge in the fourth quarter of 2015. The Company will not be able to determine the precise amount of the fourth quarter charge until the offer is completed.