Sunbeam 2006 Annual Report Download - page 76

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Components of Net Periodic
The components of net periodic pension and postretirement benefit expense for the years ended December 31,2006,
2005 and 2004 are as follows:
Pension Benefits
2006 2005
(in millions) Domestic Foreign(a) Total Domestic Foreign(a) Total 2004(a)
Service cost $ 0.7$0.7$1.4$1.4$0.6$2.0$0.8
Interest cost 13.90.614.512.70.613.32.2
Expected return on
plan assets (12.5)(0.4)(12.9)(11.6)(0.3)(11.9)(2.1)
Amortization:
Prior service cost 0.1—0.10.1—0.10.1
Net actuarial loss 0.30.10.40.2—0.2—
Net periodic cost 2.51.03.52.80.93.71.0
Curtailments 0.1(0.2) (0.1) — — — —
Total expense $ 2.6$0.8$3.4$2.8$0.9$3.7$1.0
Assumptions
Weighted average assumption
used to calculate net periodic cost:
Discount rate 5.43%4.51%5.39%5.54%4.89%5.50%6.50%
Expected return on plan assets 8.24%6.43%8.18%8.07%6.62%8.03%9.00%
Rate of compensation increase — 3.52%3.52%3.57%3.50%3.57%3.25%
(a) In connection with the AHI Acquisition in 2005,the Company assumed the pension plans of certain non-US subsidiaries. The Company had no net periodic
pension cost for foreign plans for the year ended December 31,2004.
Postretirement Benefits
2006 2005 2004
Service cost $ 0.5$0.5$0.2
Interest cost 1.4 1.4 0.3
Amortization
Prior service benefit (0.3).—.—
Net actuarial loss 0.1.—.—
Net periodic cost 1.71.90.5
Curtailments (1.7).—.—
Total expense $.— $1.9$0.5
Assumptions
Weighted average assumption used to calculate net periodic cost:
Discount rate 5.50%5.65%6.20%
Notes to Consolidated Financial Statements
Jarden Corporation 2006 Annual Report
74