Quarterly report pursuant to Section 13 or 15(d)

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

v2.4.0.8
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
 6 Months Ended
Jun. 30, 2013
Postemployment Benefits [Abstract]  
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
NOTE 12 - PENSIONS AND OTHER POSTRETIREMENT BENEFITS
The following are the components of defined benefit pension and OPEB expense for the three and six months ended June 30, 2013 and 2012:
Defined Benefit Pension Expense
 
(In Millions)
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2013
 
2012
 
2013
 
2012
Service cost
$
9.7

 
$
8.0

 
$
19.6

 
$
16.0

Interest cost
11.7

 
12.3

 
23.2

 
24.3

Expected return on plan assets
(20.0
)
 
(15.0
)
 
(33.1
)
 
(29.8
)
Amortization:
 
 
 
 
 
 
 
Prior service costs
0.8

 
0.9

 
1.5

 
1.9

Net actuarial loss
8.2

 
7.6

 
15.0

 
15.0

Net periodic benefit cost
$
10.4

 
$
13.8

 
$
26.2

 
$
27.4


Other Postretirement Benefits Expense
 
(In Millions)
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2013
 
2012
 
2013
 
2012
Service cost
$
3.1

 
$
3.9

 
$
6.2

 
$
7.5

Interest cost
4.4

 
5.4

 
8.7

 
10.6

Expected return on plan assets
(5.0
)
 
(4.3
)
 
(10.0
)
 
(8.6
)
Amortization:
 
 
 
 
 
 
 
Prior service costs
(0.9
)
 
0.8

 
(1.8
)
 
1.5

Net actuarial loss
3.0

 
2.7

 
5.8

 
5.6

Net periodic benefit cost
$
4.6

 
$
8.5

 
$
8.9

 
$
16.6


We made pension contributions of $11.4 million and $15.1 million for the three and six months ended June 30, 2013, respectively, compared to pension contributions of $7.6 million and $24.9 million for the three and six months ended June 30, 2012, respectively. The OPEB contributions, made annually in the first quarter, were $14.1 million and $21.9 million for the six months ended June 30, 2013 and 2012, respectively.