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ManpowerGroup | Annual Report 2014 77
Notes to Consolidated Financial Statements
The components of the net periodic benefit cost and other amounts recognized in other comprehensive loss for all plans
were as follows:
Year Ended December 31 2014 2013 2012
Service cost $ 8.3 $ 8.7 $ 10.4
Interest cost 15.8 14.8 15.1
Expected return on assets (15.6) (13.2) (14.7)
Curtailment and settlement —(2.3) —
Net loss 3.5 3.3 1.1
Prior service cost 0.6 0.5 0.7
Net periodic benefit cost 12.6 11.8 12.6
Other Changes in Plan Assets and Benefit Obligations
Recognized in Other Comprehensive Loss
Net loss 23.5 6.8 15.4
Prior service cost (credit) 1.3 (1.1) —
Amortization of net loss (3.5) (3.3) (1.1)
Amortization of prior service cost (0.6) (0.5) (0.7)
Total recognized in other comprehensive loss 20.7 1.9 13.6
Total recognized in net periodic benefit cost and other comprehensive loss $ 33.3 $ 13.7 $ 26.2
Effective January 1, 2013, we amended a defined benefit plan in the Netherlands. The defined benefit plan was frozen, and
the participants were transitioned to a defined contribution plan, resulting in a curtailment gain of $2.3.
The estimated net loss and prior service cost for the defined benefit pension plans that will be amortized from accumulated
other comprehensive (loss) income into net periodic benefit cost during 2015 are $4.2 and $0.5, respectively.
The weighted-average assumptions used in the measurement of the benefit obligation were as follows:
United States Plans Non-United States Plans
Year Ended December 31 2014 2013 2014 2013
Discount rate 3.9% 4.6% 2.9% 4.1%
Rate of compensation increase 3.0% 3.0% 3.4% 3.8%
The weighted-average assumptions used in the measurement of the net periodic benefit cost were as follows:
United States Plans Non-United States Plans
Year Ended December 31 2014 2013 2012 2014 2013 2012
Discount rate 4.6% 3.7% 4.6% 4.1% 4.2% 4.7%
Expected long-term return on plan assets 6.0% 6.0% 6.3% 4.5% 4.0% 4.7%
Rate of compensation increase 3.0% 3.0% 3.0% 3.8% 3.6% 4.0%
We determine our assumption for the discount rate based on an index of high-quality corporate bond yields and matched-
funding yield curve analysis as of the end of each fiscal year.
Our overall expected long-term rate of return used in the measurement of the 2014 net periodic benefit cost on United
States plan assets was 6.0%, while the rates of return on our non-United States plans varied by country and ranged from
2.8% to 5.3%. For a majority of our plans, a building block approach has been employed to establish this return. Historical
markets are studied and long-term historical relationships between equity securities and fixed income instruments are