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Pensions and Other Benefit Programs (Tables)
6 Months Ended
Jun. 30, 2023
Retirement Benefits [Abstract]  
Schedule of Periodic Benefit Costs (Credits)

Following are the components of net periodic benefit costs (credits):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

U.S. defined benefit plans:

 

 

 

 

 

 

 

 

 

 

 

 

Pension benefits

 

 

 

 

 

 

 

 

 

 

 

 

Service cost of benefits earned during the period

 

$

0.6

 

 

$

0.9

 

 

$

1.3

 

 

$

1.8

 

Interest cost on projected benefit obligation

 

 

4.3

 

 

 

2.6

 

 

 

8.5

 

 

 

5.3

 

Expected return on plan assets

 

 

(6.3

)

 

 

(4.6

)

 

 

(12.5

)

 

 

(9.2

)

Amortization of net actuarial loss

 

 

1.4

 

 

 

1.1

 

 

 

2.7

 

 

 

2.1

 

Net periodic pension cost

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Retiree health and life insurance benefits

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost on projected benefit obligation

 

$

0.7

 

 

$

0.3

 

 

 

1.4

 

 

$

0.7

 

Amortization of prior service credit

 

 

(0.1

)

 

 

-

 

 

 

(0.1

)

 

 

(0.1

)

Amortization of net actuarial gain

 

 

(1.4

)

 

 

(0.7

)

 

 

(2.9

)

 

 

(1.4

)

Net periodic postretirement (credit)

 

$

(0.8

)

 

$

(0.4

)

 

$

(1.6

)

 

$

(0.8

)