Stanley Black \& Decker, Inc. discloses the following pension footnote in its 10-K report.

a. How much pension expense does Stanley Black \& Decker report in its 2012 income statement?

b. Explain, in general, how expected return on plan assets affects reported pension expense. How did expected return affect Stanley Black \& Decker's 2012 pension expense?

c. Explain use of the word "expected" as it relates to pension plan assets.

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($ millions) Service cost..... Interest cost .... Expected return on plan assets. Prior service cost amortization. Transition obligation amortization Actuarial loss amortization... Settlement/curtailment loss (gain) Net periodic pension expense. 2012 $ 6.6 62.9 (67.1) 1.0 6.2 11.3 $20.9