Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefits

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Pension and Other Postretirement Benefits
 3 Months Ended
Mar. 31, 2012
General Discussion of Pension and Other Postretirement Benefits [Abstract]  
Pension and Other Postretirement Benefits
Note 14 – Pension and Other Postretirement Benefits

The Company has defined contribution plans, qualified and nonqualified defined benefit pension plans, and other postretirement benefit plans covering substantially all of its employees.  The Company’s contributions to its defined contribution plans are largely discretionary and are based on various percentages of compensation, and in some instances are based on the amount of the employees’ contributions to the plans.  See Note 15 to the consolidated financial statements in the Company’s 2011 Form 10-K for further details regarding these plans.

Pension and other postretirement benefit costs included the following components for the three months ended March 31, 2012 and April 2, 2011:
 
Pension Benefits
 
Other
Postretirement Benefits
 
Three Months Ended
 
Three Months Ended
(in millions)
March 31,
2012
 
April 2,
2011
 
March 31,
2012
 
April 2,
2011
Service cost
$
0.1

 
$
0.3

 
$
—

 
$
0.1

Interest cost
14.4

 
15.6

 
0.7

 
0.9

Expected return on plan assets
(13.8
)
 
(13.3
)
 
—

 
—

Amortization of prior service costs (credits)
—

 
0.1

 
(1.6
)
 
(1.0
)
Amortization of net actuarial loss
5.5

 
5.4

 
0.6

 
0.2

Net pension and other benefit costs
$
6.2

 
$
8.1

 
$
(0.3
)
 
$
0.2


Employer Contributions and Benefit Payments. During the three months ended March 31, 2012 and April 2, 2011, the Company contributed $0.9 million to fund benefit payments to its nonqualified pension plan.  The Company did not make any contributions to its qualified pension plans during the three months ended March 31, 2012, and April 2, 2011.  Company contributions are subject to change based on market conditions, pension funding regulations and Company discretion.