Pension and Post-Retirement Benefits

6 Months Ended

Jun. 30, 2012

Pension and Post-Retirement Benefits [Abstract]

PENSION AND POST-RETIREMENT BENEFITS

2. PENSION AND POST-RETIREMENT BENEFITS

The components of net periodic benefit costs for the Company’s pension and the other post-retirement benefit plans for the second quarter of 2012 and 2011 are as follows:

	Pension Plans				Other      Post-retirement     Benefit Plans
	Three Months Ended     June 30,				Three Months Ended     June 30,
	2012		2011		2012		2011
Net periodic benefit costs:
Service cost	$	0.4	$	0.3	$	-	$	-
Interest cost		7.5		8.1		0.2		0.2
Expected return on plan assets		(8.8)		(8.8)		-		-
Amortization of actuarial loss		2.1		1.4		-		0.1
		1.2		1.0		0.2		0.3
Portion allocated to Revlon Holdings LLC		(0.1)		-		-		-
	$	1.1	$	1.0	$	0.2	$	0.3

The components of net periodic benefit costs for the Company’s pension and the other post-retirement benefit plans for the first six months of 2012 and 2011 are as follows:

	Pension Plans				Other      Post-retirement     Benefit Plans
	Six Months Ended     June 30,				Six Months Ended     June 30,
	2012		2011		2012		2011
Net periodic benefit costs:
Service cost	$	0.8	$	0.6	$	-	$	-
Interest cost		15.0		16.2		0.4		0.4
Expected return on plan assets		(17.6)		(17.5)		-		-
Amortization of actuarial loss		4.1		2.7		0.1		0.2
		2.3		2.0		0.5		0.6
Portion allocated to Revlon Holdings LLC		(0.1)		-		-		-
	$	2.2	$	2.0	$	0.5	$	0.6

In the three and six months ended June 30, 2012, compared to the three and six months ended June 30, 2011, the Company recognized slightly higher net periodic benefit costs primarily due to the decrease in the weighted-average discount rate, partially offset by the increase in the fair value of pension plan assets at December 31, 2011. The Company expects that its net periodic benefit costs for its pension and the other post-retirement benefit plans will be approximately $5 million for all of 2012, comparable to the $5 million cost in 2011.

During the second quarter of 2012, $13.0 million and $0.2 million were contributed to the Company’s pension plans and other post-retirement benefit plans, respectively. During the first six months of 2012, $19.0 million and $0.4 million were contributed to the Company’s pension plans and other post-retirement benefit plans, respectively. The Company currently expects to contribute approximately $35 million in the aggregate to its pension plans and other post-retirement benefit plans for all of 2012.

Relevant aspects of the qualified defined benefit pension plans, nonqualified pension plans and other post-retirement benefit plans sponsored by Products Corporation are disclosed in the Company’s 2011 Form 10-K.