EMPLOYEE BENEFIT PLANS

6 Months Ended

Jun. 30, 2022

Retirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

Defined Benefit Plans - As of June 30, 2022, the Company maintained two domestic pension plans and three German pension plans. The Company used a December 31, 2021 measurement date for these plans. One of the Company's domestic pension plans covers one active management employee, while the other domestic plan covers all eligible employees. Both domestic plans were frozen as of December 31, 2011. The two domestic and three German plans collectively comprise the 'Pension Benefits' disclosure caption.

Other Benefits - The Company's other post-retirement benefit plan provides health and life insurance to domestic employees hired prior to 1992.

The following table sets forth the aggregated net periodic benefit cost for all pension plans for the second quarters and six months ended June 30, 2022 and June 30, 2021:

(In millions)	Pension Benefits
	Second Quarter Ended				Six Months Ended
	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Service cost	$	0.2	$	0.2	$	0.4	$	0.4
Interest cost	0.8		0.7		1.6		1.4
Expected return on assets	(1.5)		(1.4)		(3.0)		(2.8)
Amortization of:
Prior service cost	—		—		—		—
Actuarial loss	1.2		1.1		2.4		2.1
Settlement cost	—		—		—		—
Net periodic benefit cost	$	0.7	$	0.6	$	1.4	$	1.1

In the six months ended June 30, 2022, the Company made contributions of $0.1 million to the funded plans. The amount of contributions to be made to the plans during the calendar year 2022 will be finalized by September 15, 2022, based upon the funding level requirements identified and year-end valuation performed at December 31, 2021.

The following table sets forth the aggregated net periodic benefit cost for the other post-retirement benefit plan for the second quarters and six months ended June 30, 2022 and June 30, 2021:

(In millions)	Other Benefits
	Second Quarter Ended				Six Months Ended
	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Service cost	$	—	$	—	$	—	$	—
Interest cost	—		0.1		0.1		0.1
Expected return on assets	—		—		—		—
Amortization of:
Prior service cost	—		—		—		—
Actuarial loss	—				—		0.1
Settlement cost	—		—		—		—
Net periodic benefit cost	$	—	$	0.1	$	0.1	$	0.2