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Employee Benefit Plans and Other Postretirement Benefits
9 Months Ended
Sep. 30, 2019
Compensation And Retirement Disclosure [Abstract]  
Employee Benefit Plans and Other Postretirement Benefits

14.

Employee Benefit Plans and Other Postretirement Benefits

The components of net periodic benefit cost for our pension plans were as follows (dollars in millions):

 

 

 

Pension Plans

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Service cost

 

$

6.1

 

 

$

6.3

 

 

$

18.4

 

 

$

18.8

 

Interest cost

 

 

11.7

 

 

 

10.6

 

 

 

35.2

 

 

 

31.8

 

Expected return on plan assets

 

 

(13.0

)

 

 

(14.2

)

 

 

(39.1

)

 

 

(42.5

)

Net amortization of unrecognized amounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

 

1.6

 

 

 

1.8

 

 

 

4.7

 

 

 

5.2

 

Actuarial loss

 

 

1.7

 

 

 

2.3

 

 

 

5.3

 

 

 

7.0

 

Net periodic benefit cost

 

$

8.1

 

 

$

6.8

 

 

$

24.5

 

 

$

20.3

 

 

PCA makes pension plan contributions that are sufficient to fund its actuarially determined costs, generally equal to the minimum amounts required by the Employee Retirement Income Security Act (ERISA). From time to time, PCA may make additional discretionary contributions based on the funded status of the plans, tax deductibility, income from operations, and other factors. During the three and nine months ended September 30, 2019 and 2018, payments to our nonqualified pension plans were insignificant. For the three and nine months ended September 30, 2019, we made contributions of $49.4 million and $54.0 million, respectively, to our qualified pension plans. We made contributions of $18.0 million and $21.2 million to our qualified plans during the three and nine months ended September 30, 2018, respectively.

For the three and nine months ended September 30, 2019 and 2018, the net periodic benefit cost for our postretirement plans was insignificant.