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PENSION AND POST-RETIREMENT BENEFITS
 3 Months Ended
Mar. 31, 2013
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
PENSION AND POST-RETIREMENT BENEFITS
PENSION AND POST-RETIREMENT BENEFITS
The components of net periodic benefit (income) costs for the Company’s pension and the other post-retirement benefit plans for the first quarter of 2013 and 2012 are as follows:
 


Pension Plans
 
Other
 Post-retirement
Benefit Plans
 
Three Months Ended
March 31,
 
Three Months Ended
March 31,
 
2013
 
2012
 
2013
 
2012
Net periodic benefit (income) costs:
 
Service cost
$
0.2

 
$
0.4

 
$
—

 
$
—

Interest cost
6.9

 
7.5

 
0.1

 
0.2

Expected return on plan assets
(9.5
)
 
(8.8
)
 
—

 
—

Amortization of actuarial loss
2.1

 
2.0

 
0.1

 
0.1

 
$
(0.3
)
 
$
1.1

 
$
0.2

 
$
0.3



In the three months ended March 31, 2013, the Company recognized net periodic benefit income of $(0.1) million compared to net periodic benefit costs of $1.4 million in the three months ended March 31, 2012, primarily due to an increase in the fair value of pension plan assets at December 31, 2012, as well as the impact of the decrease in the weighted-average discount rate. Of the total net periodic benefit income of $(0.1) million for the three months ended March 31, 2013, $(0.4) million is recorded in cost of sales, $0.6 million is recorded in SG&A expenses and $(0.3) million is capitalized in inventory. The Company expects that it will have net periodic benefit income of approximately $(0.5) million for its pension and other post-retirement benefit plans for all of 2013, compared with net periodic benefit costs of $3.9 million in 2012.
During the first quarter of 2013, $2.5 million and $0.2 million were contributed to the Company’s pension plans and other post-retirement benefit plans, respectively. The Company currently expects to contribute approximately $20 million in the aggregate to its pension and other post-retirement benefit plans in 2013.
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 2012 Form 10-K.