Pension Plans

3 Months Ended

Mar. 31, 2014

Pension Plans

8. Pension Plans

Defined Benefit Pension Plans - The company has both tax-qualified and nonqualified, noncontributory defined benefit pension plans, that together cover certain domestic and foreign employees. These plans provide benefits based upon a participant’s compensation and years of service.

The components of net periodic pension cost are as follows:

	Three Months Ended March 31,
	2014			2013
(dollars in millions)
Service cost, net of employee contributions	$	6.7		$	7.5
Interest cost		5.3			4.6
Expected return on plan assets		(6.8	)		(6.5	)
Amortization		2.4			3.4
Net periodic pension cost	$	7.6		$	9.0