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Pension Plans and Postretirement Benefits (Tables)
9 Months Ended
Sep. 30, 2018
Retirement Benefits [Abstract]  
Defined Benefit Pension Plans and Postretirement Benefit Plans
 
Third Quarter
 
Nine Months
 
2018
 
2017
 
2018
 
2017
Service cost — benefits earned during the period (in millions)
$
2.7

 
$
2.7

 
$
8.1

 
$
8.1

 
 
 
 
 
 
 
 
Pension non-service income (in millions):
 
 
 
 
 
 
 
Interest cost on benefit obligation
$
8.2

 
$
9.1

 
$
24.5

 
$
27.4

Expected return on plan assets
(17.9
)
 
(18.3
)
 
(53.7
)
 
(54.9
)
Amortization of prior service cost
(1.5
)
 
(1.5
)
 
(4.5
)
 
(4.5
)
Amortization of net actuarial loss
7.8

 
7.3

 
23.6

 
21.9

Pension non-service income
$
(3.4
)
 
$
(3.4
)
 
$
(10.1
)
 
$
(10.1
)

Teledyne sponsors several postretirement defined benefit plans that provide health care and life insurance benefits for certain eligible retirees.
 
Third Quarter
 
Nine Months
Postretirement benefits non-service (income)/expense (in millions):
2018
 
2017
 
2018
 
2017
Interest cost on benefit obligation
$
0.1

 
$
0.1

 
$
0.3

 
$
0.3

Amortization of net actuarial gain
(0.1
)
 
(0.1
)
 
(0.3
)
 
(0.3
)
Postretirement benefits non-service (income)/expense
$

 
$

 
$

 
$