XML 34 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
Retirement and Other Benefit Programs
 9 Months Ended
Sep. 30, 2017
Retirement Benefits [Abstract]  
Retirement and Other Benefit Programs
Retirement and Other Benefit Programs

The Company sponsors various pension and other post-employment benefit (“OPEB”) plans in the U.S. and other countries. The net periodic benefit cost associated with these plans consisted of the following components:
 
Three months ended September 30,
 
2017
 
2016
(In millions)
U.S. pensions
 
International pensions
 
OPEB (U.S.)
 
U.S. pensions
 
International pensions
 
OPEB (U.S.)
Net periodic benefit cost
 

 
 

 
 

 
 
 
 
 
 
Service cost
$
3.7

 
$
9.4

 
$
0.4

 
$
5.5

 
$
7.9

 
$
0.4

Interest cost
3.9

 
1.2

 
0.3

 
4.8

 
1.4

 
0.2

Expected return on plan assets
(4.0
)
 
(1.8
)
 
—

 
(3.8
)
 
(1.7
)
 
—

Amortization of actuarial losses
—

 
0.4

 
—

 
—

 
—

 
—

Net periodic benefit cost
$
3.6

 
$
9.2

 
$
0.7

 
$
6.5

 
$
7.6

 
$
0.6


 
Nine months ended September 30,
 
2017
 
2016
(In millions)
U.S. pensions
 
International pensions
 
OPEB (U.S.)
 
U.S. pensions
 
International pensions
 
OPEB (U.S.)
Net periodic benefit cost
 

 
 

 
 

 
 

 
 

 
 

Service cost
$
11.1

 
$
28.2

 
$
1.2

 
$
7.4

 
$
10.5

 
$
0.5

Interest cost
11.7

 
3.6

 
0.9

 
6.4

 
1.8

 
0.3

Expected return on plan assets
(12.0
)
 
(5.4
)
 
—

 
(5.1
)
 
(2.2
)
 
—

Amortization of actuarial losses
—

 
1.3

 
—

 
—

 
—

 
—

Net periodic benefit cost
$
10.8


$
27.7

 
$
2.1

 
$
8.7

 
$
10.1

 
$
0.8



The majority of the Company's pension and OPEB plans were assumed with the acquisition of Baxalta on June 3, 2016.