Defined Benefit Plans and Other Post-Employment Benefit Plans

6 Months Ended

Jul. 01, 2011

General Discussion Of Pension And Other Postretirement Benefits Abstract

Pension And Other Postretirement Benefits Disclosure Text Block

12. Defined Benefit Plans and Other Post-Employment Benefit Plans

The components of net periodic benefit costs for the Company's defined benefit pension plans and other post-employment benefit plans for the three and six months ended July 1, 2011 and July 2, 2010, are as follows:

				Defined Pension Benefits
				Three Months Ended				Six Months Ended
				July 1, 2011		July 2, 2010		July 1, 2011		July 2, 2010

Service cost			$	2,514	$	2,291	$	4,882	$	4,696
Interest cost				8,997		8,299		17,708		16,960
Expected return on plan assets				(10,906)		(9,091)		(21,466)		(18,544)
Amortization of net loss				1,477		1,568		2,927		3,229
Amortization of transition obligation				49		53		95		111
Amortization of prior service (credit)
	cost			(672)		(371)		(1,309)		(757)
Curtailments, settlements and special
	termination benefits			894		4,785		894		4,785

		Net periodic pension cost	$	2,353	$	7,534	$	3,731	$	10,480


				Other Post-Employment Benefits
				Three Months Ended				Six Months Ended
				July 1, 2011		July 2, 2010		July 1, 2011		July 2, 2010

Service cost			$	314	$	326	$	628	$	653
Interest cost				1,129		1,157		2,257		2,316
Amortization of net (gain) loss				(17)		(22)		(34)		(45)
Amortization of prior service credit				(51)		(51)		(103)		(102)
		Net periodic benefit cost	$	1,375	$	1,410	$	2,748	$	2,822

The Company made contributions to its defined benefit pension plans of $8,069 and $7,516 during the three months ended July 1, 2011 and July 2, 2010, respectively; and $16,723 and $13,443 during the six months ended July 1, 2011 and July 2, 2010, respectively.

In June 2011, the Company recognized a settlement of defined benefits to former U.S. employees resulting in a related loss of $894. The Company recorded this loss in selling, general and administrative expenses in the consolidated statement of operations.

In June 2010, the Company recognized a settlement of defined benefits to former U.S. employees resulting in a related loss of $3,974. The Company recorded $1,996 of this loss as a component of discontinued operations, and $1,978 in selling, general and administrative expenses in the consolidated statement of operations.

In June 2010, the Company recognized a curtailment and settlement of defined benefits to former Japan employees, resulting in a related loss of $571. The Company recorded this loss in selling, general and administrative expenses in the consolidated statement of operations.

In June 2010, the Company recognized a curtailment of defined benefits to former Ireland employees resulting in a related loss of $241. The Company recorded this loss in selling, general and administrative expenses in the consolidated statement of operations.

- Definition

Description containing the entire pension and other postretirement benefits disclosure as a single block of text.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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+ Details

DIVERSEY, INC. 10-Q