Employee Benefit Plans

9 Months Ended

Sep. 30, 2022

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Employee Benefit Plans

4.Employee Benefit Plans

Components of net periodic pension benefit cost were as follows (in millions):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Components of net periodic benefit cost
Service cost	$	2.6		$	2.9		$	7.8		$	8.6
Interest cost		4.2			4.1			12.7			12.3
Expected return on plan assets		(5.1	)		(5.0	)		(15.4	)		(14.9	)
Amortization of prior service cost (benefit)		0.5			0.6			1.6			1.7
Amortization of net actuarial loss (gain)		0.3			1.1			0.7			3.7
Expenses paid		0.7			0.7			2.3			2.3
Net periodic benefit cost	$	3.2		$	4.4		$	9.7		$	13.7

Components of net periodic other post-employment benefit cost were as follows (in millions):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Components of net periodic benefit cost
Service cost	$	0.6		$	0.5		$	1.7		$	1.6
Interest cost		0.4			0.3			1.1			0.9
Amortization of prior service cost (benefit)		(0.4	)		(0.3	)		(1.1	)		(1.0	)
Amortization of net actuarial loss (gain)		0.1			0.1			0.3			0.2
Net periodic benefit cost	$	0.7		$	0.6		$	2.0		$	1.7

Components of net periodic benefit cost other than “Service cost” and “Expenses paid” are included in “Miscellaneous, net” in the Condensed Consolidated Statements of Income. The Company expects to make a contribution of approximately $20.0 million to its pension plans in the fourth quarter of fiscal 2022.