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PENSION AND POST-RETIREMENT PLANS
9 Months Ended
Sep. 30, 2018
PENSION AND POST-RETIREMENT PLANS  
PENSION AND POST-RETIREMENT PLANS

11.          PENSION AND POST-RETIREMENT PLANS

 

The Company’s pension and post-retirement plans are described in Note 11 to the Consolidated Financial Statements included in Part II, Item 8 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2017.  The following tables provide the components of net periodic benefit cost for the Company’s qualified defined benefit pension and post-retirement plans for the three and nine months ended September 30, 2018 and 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

 

Post-retirement Benefits

 

 

Three Months Ended September 30, 

 

Three Months Ended September 30, 

(In millions)

    

2018

    

2017

    

2018

    

2017

Components of net periodic benefit cost (benefit):

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1.1

 

$

1.1

 

$

0.2

 

$

(0.4)

Interest cost

 

 

2.1

 

 

2.5

 

 

0.3

 

 

(0.6)

Expected return on plan assets

 

 

(3.3)

 

 

(3.3)

 

 

 —

 

 

 —

Amortization of net loss

 

 

1.0

 

 

1.3

 

 

0.3

 

 

0.3

Amortization of prior service credit

 

 

(0.5)

 

 

(0.6)

 

 

(1.0)

 

 

(2.8)

Other adjustments

 

 

 —

 

 

0.1

 

 

 —

 

 

 —

Net periodic benefit cost

 

$

0.4

 

$

1.1

 

$

(0.2)

 

$

(3.5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

 

Post-retirement Benefits

 

 

Nine Months Ended September 30, 

 

Nine Months Ended September 30, 

(In millions)

    

2018

    

2017

    

2018

    

2017

Components of net periodic benefit cost (benefit):

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

3.3

 

$

3.0

 

$

0.5

 

$

0.4

Interest cost

 

 

6.4

 

 

7.3

 

 

0.8

 

 

0.8

Expected return on plan assets

 

 

(10.1)

 

 

(10.1)

 

 

 —

 

 

 —

Amortization of net loss

 

 

3.4

 

 

3.8

 

 

1.1

 

 

0.9

Amortization of prior service credit

 

 

(1.7)

 

 

(1.7)

 

 

(2.8)

 

 

(2.8)

Other adjustments

 

 

 —

 

 

0.1

 

 

 —

 

 

 —

Net periodic benefit cost

 

$

1.3

 

$

2.4

 

$

(0.4)

 

$

(0.7)