PACCAR INC | 2013 | FY | 3


The components of pension expense are as follows:

 

  

Year Ended December 31,

   2013     2012     2011  

Service cost

   $ 73.5      $ 64.1      $ 45.5   

Interest on projected benefit obligation

     81.0        81.4        81.6   

Expected return on assets

     (119.4     (110.8     (105.1

Amortization of prior service costs

     1.3        1.4        1.5   

Recognized actuarial loss

     44.0        39.2        24.7   

Curtailment gain

     (.3    

Settlement loss

       4.8     
  

 

 

   

 

 

   

 

 

 

Net pension expense

   $ 80.1      $ 80.1      $ 48.2   
  

 

 

   

 

 

   

 

 

 

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