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PENSION AND OTHER POST-EMPLOYMENT BENEFITS (Tables)
 9 Months Ended
Sep. 30, 2019
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]  
Schedule of Components of the Net Periodic Benefit Cost
The following tables set forth the components of the net periodic benefit cost (credit) for the Company’s pension and other post-employment benefit plans (in millions):
 
Pension Benefits
 
Other Benefits
 
Three Months Ended September 30,
 
Three Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Interest cost
2.5

 
2.6

 
(0.1
)
 
—

Expected return on plan assets
(3.9
)
 
(4.0
)
 
—

 
—

Amortization of prior service credit
—

 
—

 
(0.1
)
 
(0.2
)
Recognized actuarial loss
0.1

 
0.1

 
—

 
—

Pension settlement charge (1)
9.8

 
0.6

 
—

 
—

Net periodic benefit cost (credit)
$
8.5


$
(0.7
)

$
(0.2
)

$
(0.2
)

 
Pension Benefits
 
Other Benefits
 
Nine Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Interest cost
7.4

 
7.6

 
0.1

 
0.1

Expected return on plan assets
(11.9
)
 
(13.2
)
 
—

 
—

Amortization of prior service credit
—

 
—

 
(0.5
)
 
(0.5
)
Recognized actuarial loss
0.4

 
0.8

 
—

 
(0.1
)
Pension settlement charge (1)
10.4

 
5.2

 
—

 
—

Net periodic benefit cost (credit)
$
6.3


$
0.4


$
(0.4
)

$
(0.5
)
__________________________________
(1) The pension settlement charges for the three and nine months ended September 30, 2019 related to cash payments made from the Company’s two domestic defined benefit pension plans (the “Plans”) to settle lump sum elections and to fund the purchase of annuities for certain plan participants associated with the union plan termination, which is expected to be finalized in the fourth quarter of 2019. The pension settlement charges for the three and nine months ended September 30, 2018 related to the Plans’ funding of the purchase of annuities for certain pension plan retirees, as well as cash payments made from the Plans to settle lump sum elections.