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Employee Benefits
 9 Months Ended
Jul. 31, 2018
Retirement Benefits, Description [Abstract]  
Employee Benefits
Employee Benefits
Cooper’s Retirement Income Plan (Plan), a defined benefit plan, covers substantially all full-time United States employees. Our contributions are designed to fund normal cost on a current basis and to fund the estimated prior service cost of benefit improvements. The unit credit actuarial cost method is used to determine the annual cost. Cooper pays the entire cost of the Plan and funds such costs as they accrue. Virtually all of the assets of the Plan are comprised of equities and participation in equity and fixed income funds.
Our results of operations for the three and nine months ended July 31, 2018 and 2017, reflect the following components of net periodic pension costs:
Periods Ended July 31,
Three Months
 
Nine Months
(In millions)
2018
 
2017
 
2018
 
2017
Service cost
$
2.7

 
$
2.5

 
$
8.1

 
$
7.5

Interest cost
1.3

 
1.1

 
3.8

 
3.3

Expected return on plan assets
(2.3
)
 
(1.8
)
 
(6.9
)
 
(5.4
)
Recognized net actuarial loss
0.4

 
0.7

 
1.2

 
2.1

Net periodic pension cost
$
2.1

 
$
2.5

 
$
6.2

 
$
7.5



We contributed $5.0 million to the Plan in the first nine months of fiscal 2018, and expect to contribute $5.0 million during the remainder of fiscal 2018. We contributed $5.0 million to the Plan in the first nine months of fiscal 2017. The expected rate of return on Plan assets for determining net periodic pension cost is 8%.