Graco 2010 Annual Report Download - page 70

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Newell Rubbermaid Inc. 2010 Annual Report
>
66 NEWELL RUBBERMAID 2010 Annual Report
Net pension cost includes the following components for the years ended December 31, (in millions, except percentages):
U.S. International
2010 2009 2008 2010 2009 2008
Service cost-benefits earned during the year $ 4.0 $ 4.8 $ 4.5 $ 4.8 $ 4.9 $ 6.6
Interest cost on projected benefit obligation 50.6 52.1 52.2 26.6 24.5 29.2
Expected return on plan assets (57.5) (57.2) (57.7) (24.8) (22.2) (28.5)
Amortization of:
Prior service cost 1.3 1.3 1.3 — — —
Actuarial loss 11.3 8.3 7.1 2.0 0.1 3.6
Curtailment, settlement and
termination benefit costs — — — 3.2 1.3 —
Net pension cost $ 9.7 $ 9.3 $ 7.4 $ 11.8 $ 8.6 $ 10.9
U.S. International
2010 2009 2008 2010 2009 2008
Weighted-average assumptions used to
determine net periodic benefit cost:
Discount rate 5.75% 6.25% 6.25% 5.70% 6.08% 5.52%
Long-term rate of return on plan assets 8.25% 8.50% 8.50% 6.32% 5.65% 6.77%
Long-term rate of compensation increase 3.00% 4.00% 4.00% 4.22% 3.83% 4.31%
In 2011, the Company is required to make approximately $20 million of contributions to its primary U.S. pension plan and
expects to make cash contributions of approximately $20 million to its international defined benefit pension plans.