Retirement Plans

Pension Plans

During the three and nine months ended September 30, 2017, consistent with the funding requirements of our worldwide pension plans we made a contribution of $0.4 million to such plans. Effective January 1, 2010, the U.S. plan was amended to exclude new hires and rehires from participating in the plan. In addition, we eliminated benefit accruals under the U.S. plan as of January 1, 2011, thus “freezing” the defined benefit pension plan. Under the plan freeze, no pay credits were made to a participant’s account balance after December 31, 2010. However, interest credits will continue in accordance with the annual update process. We presently anticipate contributing between $0.3 million and $0.5 million to fund our worldwide pension plans in the next six months.

Components of net periodic pension (credit) cost included the following:



	United States						United States
	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)	2017			2016			2017			2016
Interest cost	$	0.7		$	0.7		$	1.9		$	2.2
Expected return on plan assets	(0.9		)	(0.9		)	(2.5		)	(2.8		)
Amortization of net actuarial loss	0.1			0.1			0.3			0.3
Net periodic pension credit	(0.1		)	(0.1		)	(0.3		)	(0.3		)
Settlement loss	0.8			0.3			0.8			2.6
Total pension (credit) cost	$	0.7		$	0.2		$	0.5		$	2.3

Germany is the Company’s only remaining international plan and the components of net periodic pension (credit) cost for this plan were immaterial for the three and nine months ended September 30, 2017 and 2016.