Pension and Other Benefit Programs (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Periodic Benefit Costs (Credits)

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

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2018			2017			2018			2017
U.S. defined-benefit plans:
Pension benefits
Service cost of benefits earned during the period	$	1.4		$	2.2		$	4.3		$	6.4
Interest cost on projected benefit obligation		11.5			12.1			34.6			37.0
Expected return on plan assets		(24.0	)		(24.7	)		(72.0	)		(74.3	)
Amortization of prior service cost		-			0.4			-			1.1
Amortization of net actuarial loss		5.0			4.3			15.0			12.8
Partial settlement		-			20.8			-			20.8
Net periodic pension (credit) cost	$	(6.1	)	$	15.1		$	(18.1	)	$	3.8
Retiree health and life insurance benefits
Service cost of benefits earned during the period	$	-		$	0.1		$	0.1		$	0.3
Interest cost on projected benefit obligation		0.6			0.7			1.9			2.2
Amortization of net actuarial gain		(1.4	)		(0.9	)		(4.2	)		(2.7	)
Net periodic postretirement (credit)	$	(0.8	)	$	(0.1	)	$	(2.2	)	$	(0.2	)

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) costs within our Condensed Consolidated Statement of Earnings:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2018			2017		2018			2017
Service cost of benefits earned represented in cost of goods sold	$	0.9		$	1.4	$	2.7		$	4.0
Service cost of benefits earned represented in SG&A expenses		0.5			0.9		1.7			2.7
Other non-operating (income) expense		(8.3	)		12.7		(24.7	)		(3.1	)
Net periodic pension and postretirement (credit) cost	$	(6.9	)	$	15.0	$	(20.3	)	$	3.6