Retirement Plans

6 Months Ended

Jun. 30, 2013

Retirement Plans [Abstract]

Retirement Plans

 

(9) Retirement Plans

The components of the net periodic benefit cost for our plans were as follows:

	Defined Benefit Pension Plans
	3 Months Ended								6 Months Ended
	June 30,								June 30,
	2013				2012				2013				2012
Service cost		$	2.2			$	2.6			$	4.4			$	5.2
Interest cost			3.0				3.8				6.1				7.5
Expected return on assets			(2.8	)			(3.7	)			(5.6	)			(7.3	)
Curtailment gain			(2.3	)			-				(2.3	)			-
Other			1.0				0.4				1.9				0.8
Total benefit cost		$	1.1			$	3.1			$	4.5			$	6.2

	Retiree Health Care Plan
	3 Months Ended						6 Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
Interest cost		$	0.3		$	0.4		$	0.6		$	0.7
Net loss			0.1			-			0.2			-
Total benefit cost		$	0.4		$	0.4		$	0.8		$	0.7

Effective January 1, 2013, we amended a defined benefit plan in the Netherlands. The defined benefit plan was frozen, and the participants were transitioned to a defined contribution plan. In April 2013, following the approval by the local Workers’ Council, we recognized a curtailment gain of €1.8 ($2.3) related to this amendment.

During the three and six months ended June 30, 2013, contributions made to our pension plans were $3.9 and $7.9, respectively, and contributions made to our retiree health care plan were $0.5 and $1.0, respectively. During 2013, we expect to make total contributions of $18.0 to our pension plans and to fund our retiree health care payments as incurred.