Pension and Other Postretirement Benefit Plans

9 Months Ended

Sep. 29, 2012

Pension and Other Postretirement Benefit Plans

(9) Pension and Other Postretirement Benefit Plans

Net Periodic Pension and Other Postretirement Benefit Cost

The components of the Company’s net periodic pension benefit cost are shown below (in millions):

	Three Months Ended												Nine Months Ended
	September 29, 2012						October 1, 2011						September 29, 2012						October 1, 2011
	U.S.			Foreign			U.S.			Foreign			U.S.			Foreign			U.S.			Foreign
Service cost	$	0.8		$	1.9		$	0.7		$	1.7		$	2.4		$	5.8		$	2.2		$	5.0
Interest cost		6.6			4.7			5.8			6.4			18.3			14.1			17.5			19.1
Expected return on plan assets		(7.5	)		(5.5	)		(6.5	)		(7.9	)		(20.6	)		(16.5	)		(19.7	)		(23.6	)
Amortization of actuarial loss		1.0			1.4			—			0.1			2.9			4.2			—			0.2
Settlement (gain) loss		—			—			—			—			0.6			—			(0.1	)		—
Net periodic benefit cost	$	0.9		$	2.5		$	—		$	0.3		$	3.6		$	7.6		$	(0.1	)	$	0.7

The components of the Company’s net periodic other postretirement benefit cost are shown below (in millions):

	Three Months Ended									Nine Months Ended
	September 29, 2012					October 1, 2011				September 29, 2012					October 1, 2011
	U.S.		Foreign			U.S.		Foreign		U.S.		Foreign			U.S.		Foreign
Service cost	$	0.1	$	0.3		$	0.1	$	0.4	$	0.3	$	0.8		$	0.3	$	0.8
Interest cost		1.1		0.9			1.4		0.8		3.3		2.4			4.1		2.8
Amortization of actuarial loss		0.1		0.1			—		0.1		0.3		0.2			0.2		0.1
Amortization of prior service credit		—		(0.1	)		—		—		—		(0.1	)		—		—
Special termination benefits		—		0.1			—		—		—		0.3			—		—
Net periodic benefit cost	$	1.3	$	1.3		$	1.5	$	1.3	$	3.9	$	3.6		$	4.6	$	3.7

Contributions

Employer contributions to the Company’s domestic and foreign defined benefit pension plans for the nine months ended September 29, 2012, were $25.7 million. The Company expects contributions to its domestic and foreign defined benefit pension plans of approximately $35 million in 2012. The Company may elect to make contributions in excess of minimum funding requirements in response to investment performance or changes in interest rates or when the Company believes that it is financially advantageous to do so and based on its other cash requirements.

Employer contributions to the Company’s defined contribution retirement program for its salaried employees, determined as a percentage of each covered employee’s eligible compensation, for the nine months ended September 29, 2012, were $11.3 million. The Company expects total contributions to this program of $14.3 million in 2012.