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Pension and Postretirement Benefits
6 Months Ended
Jun. 30, 2020
Retirement Benefits [Abstract]  
Pension and Postretirement Benefits Pension and Postretirement Benefits
Net periodic pension expense for the three and six months ended June 30, 2020 and 2019 is presented below:
 
 
Three Months Ended
June 30, 2020
 
Three Months Ended
June 30, 2019
 
 
Total
 
U.S.
Plans
 
International
Plans
 
Total
 
U.S.
Plans
 
International
Plans
Service cost(i)
 
$
0.7

 
$

 
$
0.7

 
$
0.7

 
$

 
$
0.7

Interest cost
 
53.8

 
40.8

 
13.0

 
66.5

 
49.3

 
17.2

Expected return on plan assets
 
(73.9
)
 
(52.0
)
 
(21.9
)
 
(80.9
)
 
(54.5
)
 
(26.4
)
Amortization of prior service benefit
 
(1.3
)
 
(0.7
)
 
(0.6
)
 
(1.3
)
 
(0.7
)
 
(0.6
)
Recognized net actuarial loss
 
44.7

 
34.3

 
10.4

 
37.6

 
29.0

 
8.6

Net periodic pension expense (benefit)
 
$
24.0

 
$
22.4

 
$
1.6

 
$
22.6

 
$
23.1

 
$
(0.5
)

 
 
Six Months Ended
June 30, 2020
 
Six Months Ended
June 30, 2019
 
 
Total
 
U.S.
Plans
 
International
Plans
 
Total
 
U.S.
Plans
 
International
Plans
Service cost(i)
 
$
1.4

 
$

 
$
1.4

 
$
1.4

 
$

 
$
1.4

Interest cost
 
107.6

 
81.2

 
26.4

 
133.2

 
98.5

 
34.7

Expected return on plan assets
 
(149.0
)
 
(104.3
)
 
(44.7
)
 
(162.1
)
 
(109.0
)
 
(53.1
)
Amortization of prior service benefit
 
(2.5
)
 
(1.3
)
 
(1.2
)
 
(2.5
)
 
(1.3
)
 
(1.2
)
Recognized net actuarial loss
 
89.0

 
67.8

 
21.2

 
75.2

 
57.9

 
17.3

Net periodic pension expense (benefit)
 
$
46.5

 
$
43.4

 
$
3.1

 
$
45.2

 
$
46.1

 
$
(0.9
)
(i)Service cost is reported in selling, general and administrative expense. All other components of net periodic pension expense are reported in other expense, net in the consolidated statements of income (loss).

In 2020, the company expects to make cash contributions of approximately $634 million to its worldwide defined benefit pension plans, which are comprised of $600 million for the company’s U.S. qualified defined benefit pension plans and $34 million primarily for the company’s international defined benefit pension plans. In 2019, the company made cash contributions of $103.9 million to its worldwide defined benefit pension plans. For the six months ended June 30, 2020 and 2019, the company made cash contributions of $329.9 million and $45.9 million, respectively.

Net periodic postretirement benefit expense for the three and six months ended June 30, 2020 and 2019 is presented below:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2020
 
2019
 
2020
 
2019
Service cost(i)
 
$
0.1

 
$
0.1

 
$
0.2

 
$
0.2

Interest cost
 
1.1

 
1.2

 
2.2

 
2.4

Expected return on assets
 
(0.1
)
 
(0.1
)
 
(0.2
)
 
(0.2
)
Recognized net actuarial loss
 
0.2

 
0.2

 
0.5

 
0.3

Amortization of prior service benefit
 
(0.4
)
 
(0.4
)
 
(0.8
)
 
(0.8
)
Net periodic postretirement benefit expense
 
$
0.9

 
$
1.0

 
$
1.9

 
$
1.9

(i)Service cost is reported in selling, general and administrative expense. All other components of net periodic postretirement benefit expense are reported in other expense, net in the consolidated statements of income (loss).

The company expects to make cash contributions of approximately $7.0 million to its postretirement benefit plan in 2020 compared to $5.5 million in 2019. For the six months ended June 30, 2020 and 2019, the company made cash contributions of $3.1 million and $1.8 million, respectively.