Employee Benefit Plans

6 Months Ended

Jun. 30, 2022

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						Six Months Ended
	June 30						June 30
	2022			2021			2022			2021
Service cost	$	43.3		$	39.4		$	75.8		$	75.4
Interest on projected benefit obligation		23.8			16.7			42.9			33.3
Expected return on assets		(60.1	)		(51.2	)		(108.8	)		(102.3	)
Amortization of prior service costs		.2			.2			.3			.4
Recognized actuarial loss		9.0			15.3			14.6			29.5
Net pension expense	$	16.2		$	20.4		$	24.8		$	36.3

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 and six months ended June 30, 2022, the Company contributed $6.5 and $13.2 to its pension plans, respectively, and $6.7 and $12.9 for the three and six months ended June 30, 2021, respectively.