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Quarterly report pursuant to Section 13 or 15(d)

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

v3.3.0.814
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
 9 Months Ended
Sep. 30, 2015
Postemployment Benefits [Abstract] Ìý
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
NOTE 7 - PENSIONS AND OTHER POSTRETIREMENT BENEFITS
The following are the components of defined benefit pension and OPEB expense for the three and nine months ended SeptemberÌý30, 2015 and 2014:
Defined Benefit Pension Expense
Ìý
(In Millions)
Ìý
Three Months Ended
September 30,
Ìý
Nine Months Ended
September 30,
Ìý
2015
Ìý
2014
Ìý
2015
Ìý
2014
Service cost
$
3.1

Ìý
$
4.7

Ìý
$
15.7

Ìý
$
18.2

Interest cost
9.0

Ìý
9.6

Ìý
27.9

Ìý
29.8

Expected return on plan assets
(14.5
)
Ìý
(14.1
)
Ìý
(44.4
)
Ìý
(43.1
)
Amortization:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Prior service costs
0.5

Ìý
0.7

Ìý
1.7

Ìý
1.9

Net actuarial loss
4.5

Ìý
3.3

Ìý
15.3

Ìý
10.4

ÌýÌýÌýÌýCurtailments/settlements
(0.1
)
Ìý
$
1.7

Ìý
0.2

Ìý
2.9

Net periodic benefit cost to continuing operations
$
2.5

Ìý
$
5.9

Ìý
$
16.4

Ìý
$
20.1


Other Postretirement Benefits Expense
Ìý
(In Millions)
Ìý
Three Months Ended
September 30,
Ìý
Nine Months Ended
September 30,
Ìý
2015
Ìý
2014
Ìý
2015
Ìý
2014
Service cost
$
(1.6
)
Ìý
$
(1.9
)
Ìý
$
1.4

Ìý
$
1.4

Interest cost
2.1

Ìý
2.2

Ìý
8.6

Ìý
9.0

Expected return on plan assets
(4.5
)
Ìý
(4.2
)
Ìý
(13.7
)
Ìý
(12.8
)
Amortization:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Prior service costs
0.6

Ìý
0.6

Ìý
(1.2
)
Ìý
(1.2
)
Net actuarial loss
1.1

Ìý
1.0

Ìý
4.2

Ìý
3.5

Net periodic benefit cost to continuing operations
$
(2.3
)
Ìý
$
(2.3
)
Ìý
$
(0.7
)
Ìý
$
(0.1
)

We made pension contributions of $23.9 million and $34.1 million for the three and nine months ended SeptemberÌý30, 2015, compared to pension contributions of $31.8 million and $41.2 million for the three and nine months ended SeptemberÌý30, 2014. OPEB contributions are typically made on an annual basis in the first quarter of each year, but due to plan funding requirements being met, no OPEB contributions were required or made for the three and nine months ended SeptemberÌý30, 2015 and SeptemberÌý30, 2014.