DEFINED BENEFIT PLANS

The following sets forth the components of the Company’s net periodic benefit cost of the noncontributory defined benefit pension plans ($ in millions):



	Three-Month Period Ended						Six-Month Period Ended
	June 29, 2018			June 30, 2017			June 29, 2018			June 30, 2017
U.S. Pension Benefits:
Service cost	$	(2.1	)	$	(1.9	)	$	(4.2	)	$	(3.8	)
Interest cost	(20.2		)	(21.0		)	(40.4		)	(42.0		)
Expected return on plan assets	33.1			32.9			66.2			65.8
Amortization of actuarial loss	(7.8		)	(6.6		)	(15.6		)	(13.2		)
Amortization of prior service cost	(0.2		)	—			(0.5		)	—
Net periodic pension benefit	$	2.8		$	3.4		$	5.5		$	6.8

Non-U.S. Pension Benefits:
Service cost	$	(8.9	)	$	(7.9	)	$	(17.6	)	$	(15.6	)
Interest cost	(6.6		)	(6.5		)	(13.3		)	(12.8		)
Expected return on plan assets	11.9			10.5			24.0			20.7
Amortization of actuarial loss	(1.5		)	(1.9		)	(3.0		)	(3.8		)
Amortization of prior service credit	0.1			0.1			0.2			0.2
Settlement loss recognized	—			—			(0.4		)	—
Net periodic pension cost	$	(5.0	)	$	(5.7	)	$	(10.1	)	$	(11.3	)

The following sets forth the components of the Company’s net periodic benefit cost of the other postretirement employee benefit plans ($ in millions):



	Three-Month Period Ended						Six-Month Period Ended
	June 29, 2018			June 30, 2017			June 29, 2018			June 30, 2017
Service cost	$	(0.2	)	$	(0.2	)	$	(0.3	)	$	(0.4	)
Interest cost	(1.1		)	(1.3		)	(2.3		)	(2.6		)
Amortization of prior service credit	0.6			0.8			1.2			1.6
Net periodic benefit cost	$	(0.7	)	$	(0.7	)	$	(1.4	)	$	(1.4	)

In the first quarter of 2018, the Company adopted ASU No. 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, which requires the Company to disaggregate the service cost component from other components of net periodic benefit costs and report the service cost component in the same line item as other compensation costs and the other components of net periodic benefit costs (which include interest costs, expected return on plan assets, amortization of prior service cost or credits and actuarial gains and losses) separately and outside a subtotal of operating income. As this ASU requires application on a retrospective basis, the Company restated the prior period presentation for the adoption of this ASU, resulting in a decrease in operating profit and an increase in other income, net of $7.0 million and $13.9 million for the three and six-month periods ended June 30, 2017. The net periodic benefit cost of the noncontributory defined benefit pension plans and other postretirement employee benefit plans incurred during the three and six-month periods ended June 29, 2018 and June 30, 2017 are reflected in the following captions in the accompanying Consolidated Condensed Statements of Earnings ($ in millions):



	Three-Month Period Ended						Six-Month Period Ended
	June 29, 2018			June 30, 2017			June 29, 2018			June 30, 2017
Service cost:
Cost of sales	$	(3.3	)	$	(2.1	)	$	(5.4	)	$	(4.1	)
Selling, general and administrative expenses	(7.9		)	(7.9		)	(16.7		)	(15.7		)
Total service cost	(11.2		)	(10.0		)	(22.1		)	(19.8		)
Other net periodic benefit costs:
Other income, net	8.3			7.0			16.1			13.9
Total	$	(2.9	)	$	(3.0	)	$	(6.0	)	$	(5.9	)

Employer Contributions

During 2018, the Company’s cash contribution requirements for its U.S. and non-U.S. defined benefit pension plans are forecasted to be approximately $30 million and $55 million, respectively. The ultimate amounts to be contributed depend upon, among other things, legal requirements, underlying asset returns, the plan’s funded status, the anticipated tax deductibility of the contribution, local practices, market conditions, interest rates and other factors.