Employee Benefit Plans

3 Months Ended

Mar. 31, 2020

Compensation And Retirement Disclosure [Abstract]

Employee Benefit Plans

NOTE L - Employee Benefit Plans

The Company has several defined benefit pension plans, which cover a majority of its employees. The following information details the components of net pension expense for the Company’s defined benefit plans:

Three Months Ended March 31,	2020			2019
Service cost	$	32.9		$	24.7
Interest on projected benefit obligation		20.6			23.7
Expected return on assets		(47.4	)		(44.6	)
Amortization of prior service costs		.4		$	.4
Recognized actuarial loss		10.3		$	4.4
Settlement loss		7.0
Net pension expense	$	23.8		$	8.6

The components of net pension expense other than service cost are included in Interest and other (income), net on the Consolidated Statements of Comprehensive Income.

During the three months ended March 31, 2020 and 2019, the Company contributed $23.3 and $5.8 to its pension plans, respectively.