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Pension Plans and Postretirement Benefits (Tables)
6 Months Ended
Jun. 30, 2019
Retirement Benefits [Abstract]  
Defined Benefit Pension Plans and Postretirement Benefit Plans
 
Second Quarter
 
Six Months
 
2019
 
2018
 
2019
 
2018
Service cost — benefits earned during the period (in millions)
$
2.3

 
$
2.7

 
$
4.7

 
$
5.4

 
 
 
 
 
 
 
 
Pension non-service income (in millions):
 
 
 
 
 
 
 
Interest cost on benefit obligation
$
8.4

 
$
8.2

 
$
16.8

 
$
16.3

Expected return on plan assets
(16.6
)
 
(17.9
)
 
(33.1
)
 
(35.8
)
Amortization of prior service cost
(1.5
)
 
(1.5
)
 
(3.0
)
 
(3.0
)
Amortization of net actuarial loss
7.8

 
7.9

 
15.5

 
15.8

Curtailment/settlements
(0.1
)
 

 
(0.4
)
 

Pension non-service income
$
(2.0
)
 
$
(3.3
)
 
$
(4.2
)
 
$
(6.7
)
Teledyne sponsors several postretirement defined benefit plans that provide health care and life insurance benefits for certain eligible retirees.
 
Second Quarter
 
Six Months
Postretirement benefits non-service (income)/expense (in millions):
2019
 
2018
 
2019
 
2018
Interest cost on benefit obligation
$
0.1

 
$
0.1

 
$
0.2

 
$
0.2

Amortization of net actuarial gain
(0.1
)
 
(0.1
)
 
(0.1
)
 
(0.2
)
Postretirement benefits non-service (income)/expense
$

 
$

 
$
0.1

 
$