Defined Benefit and Postretirement Benefits

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

Defined Benefit and Postretirement Benefits

Defined Benefit and Postretirement Benefits

For all plans, the components of net periodic benefit for the three months ended September 30, 2022, and 2021 are as follows:

	Pension				Postretirement
(in millions)	2022		2021		2022		2021
Service cost	$	1.7	$	1.6	$	—	$	0.1
Interest cost	6.9		5.2		0.2		0.2
Expected return on plan assets	(15.7)		(14.8)		—		—
Amortization of prior service cost	—		(0.1)		(0.3)		(0.3)
Amortization of net loss	3.3		6.5		—		—
Net periodic benefit	$	(3.8)	$	(1.6)	$	(0.1)	$	—

For all plans, the components of net periodic benefit for the nine months ended September 30, 2022, and 2021 are as follows:

	Pension				Postretirement
(in millions)	2022		2021		2022		2021
Service cost	$	4.3	$	4.7	$	0.1	$	0.3
Interest cost	17.4		15.7		0.5		0.5
Expected return on plan assets	(43.6)		(44.7)		—		—
Recognized curtailment gain	—		(0.6)		—		—
Amortization of prior service cost	(0.1)		(0.2)		(0.8)		(0.8)
Amortization of net loss	12.9		19.6		—		—
Net periodic benefit	$	(9.1)	$	(5.5)	$	(0.2)	$	—

The components of net periodic benefit, other than the service cost component, are included in “Miscellaneous income, net” in our Condensed Consolidated Statements of Operations. Service cost is recorded within “Cost of sales” and “Selling, general and administrative” in our Condensed Consolidated Statements of Operations.

We expect to contribute the following to our pension and postretirement plans:

(in millions)	Pension		Postretirement
Expected contributions in 2022	$	20.1	$	2.6
Amounts contributed during the nine months ended September 30, 2022	$	19.3	$	—