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Retirement Plans
3 Months Ended
Mar. 31, 2018
Retirement Benefits [Abstract]  
Retirement Plans
Retirement Plans
Pension Plans
During the three months ended March 31, 2018, we did not make any contributions to our worldwide pension 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 approximately $3.2 million to fund our worldwide pension plans in the next twelve months.
Components of net periodic pension (credit) cost included the following:
 
 
United States
 
 
Three Months Ended March 31,
(In millions)
 
2018
 
2017
Interest cost
 
$
0.5

 
$
0.6

Expected return on plan assets
 
(0.8
)
 
(0.8
)
Amortization of net actuarial loss
 
0.1

 
0.1

Net periodic pension credit
 
(0.2
)
 
(0.1
)
Settlement loss
 

 

Total pension (credit) cost
 
$
(0.2
)
 
$
(0.1
)

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 months ended March 31, 2018 and 2017.