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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