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PENSION AND POSTRETIREMENT EMPLOYEE BENEFIT PLANS
9 Months Ended
Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
PENSION AND POSTRETIREMENT EMPLOYEE BENEFIT PLANS
PENSION AND POSTRETIREMENT EMPLOYEE BENEFIT PLANS
The Company sponsors defined benefit plans and a participatory defined benefit postretirement medical and life insurance plan, which covers certain U.S. employees and employees in certain other countries.
Net Periodic (Benefit) Cost
The following table provides the components of net periodic (benefit) cost for the Company’s defined benefit pension plans and postretirement benefit plan for the three-month and nine-month periods ended September 30, 2015 and 2014:
 
 
Pension Benefit Plans
 
Postretirement
Benefit
Plan
 
U.S. Plan
 
Non-U.S. Plans
 
 
 
Three Months Ended September 30,
 
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Service cost
 
$
0.4

 
$
0.1

 
$
0.8

 
$
1.0

 
$
0.5

 
$
0.4

Interest cost
 
2.4

 
2.7

 
1.6

 
2.1

 
0.5

 
0.6

Expected return on plan assets
 
(3.6
)
 
(3.7
)
 
(2.0
)
 
(2.0
)
 
(0.1
)
 
(0.1
)
Amortization of prior service credit
 

 

 
(0.2
)
 

 
(0.7
)
 
(0.6
)
Amortization of net loss
 

 

 
0.4

 

 

 

Net periodic (benefit) cost
 
$
(0.8
)
 
$
(0.9
)
 
$
0.6

 
$
1.1

 
$
0.2

 
$
0.3

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Benefit Plans
 
Postretirement
Benefit
Plan
 
U.S. Plan
 
Non-U.S. Plans
 
 
 
Nine Months Ended September 30,
 
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Service cost
 
$
1.2

 
$
0.3

 
$
2.4

 
$
3.0

 
$
1.5

 
$
1.2

Interest cost
 
7.2

 
8.1

 
4.8

 
6.4

 
1.5

 
1.8

Expected return on plan assets
 
(10.8
)
 
(11.1
)
 
(6.0
)
 
(6.0
)
 
(0.3
)
 
(0.3
)
Amortization of prior service credit
 

 

 
(0.6
)
 

 
(2.0
)
 
(1.8
)
Amortization of net loss
 

 

 
1.2

 

 

 

Net periodic (benefit) cost
 
$
(2.4
)
 
$
(2.7
)
 
$
1.8

 
$
3.4

 
$
0.7

 
$
0.9

During the nine-month period ended September 30, 2015, the Company contributed $8 million and $5 million to the U.S. and Non-U.S. pension benefit plans, respectively. The Company does not expect to make any additional contributions during the remainder of 2015 to the U.S. plan. The Company expects to contribute $7 million to the Non-U.S. pension benefit plans in 2015, in the aggregate, inclusive of amounts contributed to the plans during the nine-month period ended September 30, 2015.