Pension Benefit Plans

3 Months Ended

Apr. 03, 2015

Compensation and Retirement Disclosure [Abstract]

(6)

PENSION BENEFIT PLANS

Certain of the Business’ non-U.S. employees participate in certain of Danaher’s noncontributory defined benefit pension plans. None of the Business’ employees in the U.S. participate in any Danaher noncontributory defined benefit pension plans. In general, these plans are funded based on considerations relating to legal requirements, underlying asset returns, the plan’s funded status, the anticipated deductibility of the contribution, local practices, market conditions, interest rates and other factors.

The following sets forth the components of the Business’ net periodic pension cost of the noncontributory defined benefit pension plans ($ in thousands):


	Three Months Ended
	April 3, 2015			March 28, 2014
Service cost	$	145		$	107
Interest cost		59			72
Expected return on plan assets		(24	)		(22	)

Net periodic pension cost	$	180		$	157

Expected Contributions

During 2015, the Business’ cash contribution requirements for its defined benefit pension plans are expected to be approximately $122,000.

As the participants within the Business’ plans are all active employees, the benefit payments are not expected to be material in the foreseeable future.

Other Matters

Substantially all employees not covered by defined benefit plans are covered by defined contribution plans, which generally provide for funding based on a percentage of compensation. Expense for all defined benefit pension and defined contribution plans amounted to $2,593,000 and $2,810,000 for the three months ended April 3, 2015, and March 28, 2014, respectively.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References+ Details

Potomac Holding LLC 10-Q