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Employee Benefit Plans
9 Months Ended
Sep. 30, 2014
General Discussion of Pension and Other Postretirement Benefits [Abstract]  
Employee Benefit Plans
EMPLOYEE BENEFIT PLANS 
 
 
Three Months Ended September 30,
 
 
Pension Benefits
 
 
 
 
Net Periodic Benefit Costs
 
U.S. Plans
 
Non-U.S. Plans
 
Postretirement Benefits
 
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Service cost
 
$
3.9

 
$
3.4

 
$
2.0

 
$
2.3

 
$
.2

 
$
.5

Interest cost
 
6.4

 
7.0

 
9.1

 
9.2

 
1.1

 
1.2

Expected return on plan assets
 
(9.0
)
 
(9.4
)
 
(11.0
)
 
(10.2
)
 

 

Amortization of prior service credit
 
(.1
)
 
(.1
)
 

 

 
(1.1
)
 
(1.2
)
Amortization of net actuarial losses
 
11.1

 
12.0

 
2.6

 
2.7

 

 
.6

Settlements/curtailments
 
5.4

 

 
1.0

 

 
(2.1
)
 
(1.8
)
Net periodic benefit costs
 
$
17.7

 
$
12.9

 
$
3.7

 
$
4.0

 
$
(1.9
)
 
$
(.7
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
 
Pension Benefits
 
 
 
 
Net Periodic Benefit Costs
 
U.S. Plans
 
Non-U.S. Plans
 
Postretirement Benefits
 
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Service cost
 
$
10.4

 
$
11.8

 
$
6.5

 
$
9.9

 
$
.8

 
$
1.5

Interest cost
 
21.4

 
20.6

 
27.7

 
27.3

 
3.7

 
3.7

Expected return on plan assets
 
(26.9
)
 
(28.2
)
 
(33.0
)
 
(30.1
)
 

 

Amortization of prior service credit
 
(.3
)
 
(.3
)
 

 
(.3
)
 
(3.3
)
 
(3.6
)
Amortization of net actuarial losses
 
35.6

 
35.3

 
7.2

 
10.0

 
1.0

 
2.0

Settlements/curtailments
 
30.4

 

 
1.0

 
(7.5
)
 
(2.1
)
 
(1.8
)
Net periodic benefit costs
 
$
70.6

 
$
39.2

 
$
9.4

 
$
9.3

 
$
.1

 
$
1.8


As of September 30, 2014, we made approximately $51 and $25 of contributions to the U.S. and non-U.S. pension and postretirement benefit plans, respectively. During the remainder of 2014, we anticipate contributing approximately $2 to $7 and $5 to $10 to fund our U.S. and non-U.S. pension and postretirement benefit plans, respectively.
In an effort to reduce our pension benefit obligations, in March 2014, we offered former employees who are vested and participate in the U.S. pension plan a payment that would fully settle our pension plan obligation to those participants who elected to receive such payment. The election period ended during the second quarter of 2014 and the payments were made in June 2014 from our plan assets. As a result of the lump-sum payments made, in the second quarter of 2014, we recorded a settlement charge of $23.5. Because the settlement threshold was exceeded in the second quarter of 2014, a settlement charge of $5.4 was also recorded in the third quarter of 2014 as a result of additional payments from our U.S. pension plan. These settlement charges were allocated between Global Expenses and the operating results of North America.