Defined Benefit Plans

9 Months Ended

Sep. 30, 2024

Retirement Benefits, Description [Abstract]

Defined Benefit Plans

DEFINED BENEFIT PLANS

The Company sponsors several U.S. and non-U.S. defined benefit pension plans for eligible employees and retirees and also maintains other supplemental plans for officers and other key employees. The components of the Company’s Net periodic pension benefit cost (income) for the three and nine months ended September 30 were as follows:

	U.S.
	Three months ended				Nine months ended
In millions	2024		2023		2024		2023
Service cost	$	0.2	$	0.2	$	0.6	$	0.6
Interest cost	2.9		3.1		8.7		9.0
Expected return on plan assets	(3.7)		(3.7)		(11.3)		(11.2)
Administrative costs and other	0.2		0.3		0.8		0.8
Net amortization of:
Prior service costs	—		—		0.1		0.1
Plan net actuarial losses	0.3		0.3		0.7		0.6
Net periodic pension benefit (income) cost	$	(0.1)	$	0.2	$	(0.4)	$	(0.1)

	Non-U.S.
	Three months ended				Nine months ended
In millions	2024		2023		2024		2023
Service cost	$	0.4	$	0.2	$	1.3	$	1.0
Interest cost	3.0		3.0		9.0		9.0
Expected return on plan assets	(4.0)		(3.8)		(12.1)		(11.6)
Administrative costs and other	0.4		0.5		1.3		1.3
Net amortization of:
Prior service costs	0.1		0.1		0.1		0.1
Plan net actuarial losses	0.8		0.7		2.6		2.5
Net periodic pension benefit cost	$	0.7	$	0.7	$	2.2	$	2.3

Service cost is recorded in Cost of goods sold and Selling and administrative expenses, while the remaining components of Net periodic pension benefit cost (income) are recorded in Other income, net within the Condensed and Consolidated Statements of Comprehensive Income. Employer contributions to the plans were not material during the nine months ended September 30, 2024 or 2023. Employer contributions totaling approximately $3.7 million are expected to be made during the remainder of 2024.