Pension and Other Benefit Programs (Tables)

6 Months Ended

Jun. 30, 2018

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,
	2018			2017			2018			2017
U.S. defined-benefit plans:
Pension benefits
Service cost of benefits earned during the period	$	1.5		$	2.1		$	2.9		$	4.2
Interest cost on projected benefit obligation		11.6			12.4			23.1			24.9
Expected return on plan assets		(24.0	)		(24.8	)		(48.0	)		(49.6	)
Amortization of prior service cost		-			0.3			-			0.7
Amortization of net actuarial loss		5.0			4.3			10.0			8.5
Net periodic pension (credit)	$	(5.9	)	$	(5.7	)	$	(12.0	)	$	(11.3	)
Retiree health and life insurance benefits
Service cost of benefits earned during the period	$	0.1		$	0.1		$	0.1		$	0.2
Interest cost on projected benefit obligation		0.7			0.8			1.3			1.5
Amortization of net actuarial gain		(1.4	)		(0.9	)		(2.8	)		(1.8	)
Net periodic postretirement (credit)	$	(0.6	)	$	-		$	(1.4	)	$	(0.1	)

ASU 2017-07 [Member]

Components of Net Periodic Benefit Credit within Income Statement

The following table presents the components of net periodic pension and postretirement (credits) within our Condensed Consolidated Statement of Earnings:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2018			2017			2018			2017
Service cost of benefits earned represented in cost of goods sold	$	0.9		$	1.3		$	1.8		$	2.6
Service cost of benefits earned represented in SG&A expenses		0.7			0.9			1.2			1.8
Other non-operating expense		(8.1	)		(7.9	)		(16.4	)		(15.8	)
Net periodic pension and postretirement (credit)	$	(6.5	)	$	(5.7	)	$	(13.4	)	$	(11.4	)