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Employee Benefits
 6 Months Ended
Apr. 30, 2019
Retirement Benefits, Description [Abstract]  
Employee Benefits
Employee Benefits
Cooper’s Retirement Income Plan (the 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 six months ended April 30, 2019 and 2018, reflect the following components of net periodic pension costs:
Periods Ended April 30,
Three Months
 
Six Months
(In millions)
2019
 
2018
 
2019
 
2018
Service cost
$
2.7

 
$
2.7

 
$
5.4

 
$
5.4

Interest cost
1.3

 
1.3

 
2.5

 
2.5

Expected return on plan assets
(2.3
)
 
(2.3
)
 
(4.6
)
 
(4.6
)
Recognized net actuarial loss
0.4

 
0.4

 
0.8

 
0.8

Net periodic pension cost
$
2.1

 
$
2.1

 
$
4.1

 
$
4.1


We contributed $2.5 million to the Plan in the first half of fiscal 2019 and expect to contribute $7.5 million during the remainder of fiscal 2019. We contributed $2.5 million to the Plan in the first half of fiscal 2018. The expected rate of return on Plan assets for determining net periodic pension cost is 8%.