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Pension and Other Postemployment Benefit Plans
 9 Months Ended
Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefit Plans
Pension and Other Postretirement Benefit Plans
The following table presents the components of net periodic expense (benefit) of the Company’s Pension and Other Postretirement plans:
 
Pension Benefits
 
Other Benefits
 
Three Months Ended September 30,
 
Three Months Ended September 30,
(in millions)
2014
 
2013
 
2014
 
2013
Service cost
$
0.2

 
$
0.6

 
$
—

 
$
—

Interest cost
1.7

 
1.7

 
—

 
—

Expected return on plan assets
(2.1
)
 
(2.2
)
 
—

 
—

Amortization of net loss (gain)
0.2

 
0.6

 
—

 
(3.2
)
Amortization of unrecognized prior service (credit)
—

 
—

 
—

 
(0.5
)
Net periodic expense (benefit)
$
—

 
$
0.7

 
$
—

 
$
(3.7
)
 
Pension Benefits
 
Other Benefits
 
Nine Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2014
 
2013
 
2014
 
2013
Service cost
$
0.7

 
$
1.7

 
$
—

 
$
—

Interest cost
5.3

 
5.1

 
—

 
—

Expected return on plan assets
(6.3
)
 
(6.5
)
 
—

 
—

Amortization of net loss (gain)
0.6

 
2.0

 
—

 
(9.6
)
Amortization of unrecognized prior service (credit)
(0.1
)
 
(0.1
)
 
—

 
(1.5
)
Net periodic expense (benefit)
$
0.2

 
$
2.2

 
$
—

 
$
(11.1
)

As of June 30, 2014 we froze the pension benefits provided to our hourly pension plan participants. This means that: (i) hourly pension plan participants will not earn any additional years of Benefit Service under the plan after June 30, 2014 for purposes of accruing an additional plan benefit; and (ii) no pay increases/decreases that hourly pension plan participants earn after June 30, 2014 will be taken into account in determining their plan benefit.
We have a defined contribution retirement plan that covers substantially all U.S. employees. The expense for this plan was $0.2 million and $0.5 million for the three months ended September 30, 2014 and 2013, respectively and $0.6 million and $1.8 million for the nine months ended September 30, 2014 and 2013, respectively. Contributions have been funded from the proceeds obtained from the reversion of our former salaried pension plan, however these funds were exhausted late in the third quarter of 2014. Starting late in the third quarter of 2014 and going forward, contributions will be funded from our cash flow from operations.