Pension Plans

3 Months Ended

Mar. 31, 2015

Pension Plans

8. 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,
	2015		2014
(dollars in millions)
Service cost, net of employee contributions	$	7.5	$	6.7
Interest cost		5.0		5.3
Expected return on plan assets		(7.8)		(6.8)
Amortization		2.9		2.4
Net periodic pension cost	$	7.6	$	7.6