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62 Jarden Corporation Annual Report 2014
15. Employee Benet Plans
The Company maintains dened benet pension plans for certain of its employees and provides certain postretirement medical and
life insurance benets for a portion of its employees. At December31, 2014, substantially all the domestic pension and postretirement
plans are frozen to new entrants and to future benet accruals. Benet obligations are calculated using generally accepted actuarial
methods. Actuarial gains and losses are amortized using the corridor method over the average remaining service life of its active
employees. The pension and postretirement benet obligations are measured as of December31, for 2014 and 2013.
Net Periodic Expense
The components of net periodic pension and postretirement benet expense for 2014, 2013 and 2012 are as follows:
  Pension Benets
2014 2013 2012
(In millions) Domestic Foreign Total Domestic Foreign Total Domestic Foreign Total
Service cost $ — $2.1 $2.1$— $ 2.2$2.2 $0.2 $1.9$2.1
Interest cost 14.6 2.4 17.0 13.3 2.3  15.6 14.5 2.6 17.1
Expected return on plan assets (17.5) (1.4)(18.9) (16.9)(1.2)(18.1) (16.3)(1.4)(17.7)
Amortization:    
Prior service credit — (0.9)(0.9)— — —   — — —
Net actuarial loss 4.9 0.3 5.2 7.4 0.4 7.8   7.1 0.2 7.3
Net periodic cost 2.0 2.5 4.5 3.8 3.7 7.5   5.5 3.3 8.8
Curtailments and settlements 5.7 0.2 5.9 — (0.1)(0.1)  — — —
Total expense $7.7 $2.7 $10.4 $3.8 $ 3.6 $7.4 $5.5 $3.3 $8.8
Assumptions    
Weighted average assumption used to calculate net periodic cost:
Discount rate 4.80%3.58%4.58%3.95%3.34%3.85%  4.50%4.30%4.47%
Expected return on plan assets 7.50%4.20%7.11%7.75%3.98%7.32%  8.00%4.53%7.60%
Rate of compensation increase   — 2.50%2.50%— 2.56%2.56%  — 2.51%2.51%
Postretirement Benets
(In millions) 2014 2013 2012
Service cost $ — $ — $0.1
Interest cost 0.3 0.3 0.3
Amortization:
Prior service credit (0.3)(0.3)(0.4)
Net actuarial gain (0.2)(0.1)(0.1)
Net periodic cost (credit) $(0.2)$ (0.1)$ (0.1)
 
Assumptions
Weighted average assumption used to calculate net periodic cost:
Discount rate 4.70%3.90%4.40%
The amount of AOCI expected to be recognized in net periodic benet cost for the year ending December31, 2015 is as follows:
Pension Benets  
(In millions) Domestic Foreign  Total Postretirement
Prior service cost (credit) $ —   $—   $—   $(0.1)
Net actuarial loss (gain) 5.7  1.2  6.9  (0.2)
    
$5.7  $1.2  $6.9  $(0.3)
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2014 (Dollars in millions, except per share data and unless otherwise indicated)