Employee Benefit Plans

3 Months Ended

Mar. 31, 2024

Retirement Benefits [Abstract]

Employee Benefit Plans

Employee Benefit Plans

Defined Benefit Plans

The Company recognizes net periodic benefit cost based on the actuarial analysis performed at the previous year end, adjusted if certain significant events occur during the year. The components of net periodic benefit cost follows:

	Three Months Ended March 31,
(in millions)	2024		2023
Service cost	$	0.6	$	0.5
Interest cost	1.5		1.6
Expected return on plan assets	(1.9)		(2.0)
Amortization of unrecognized loss(1)	0.6		0.3
Net periodic benefit cost	$	0.8	$	0.4

(1)Includes amortization of unrecognized actuarial (gain) loss and prior service credits and excludes provision for income tax of $(0.1) million and $(0.1) million for the three months ended March 31, 2024 and 2023, respectively.

The components of net periodic benefit cost, other than the service cost component, are included in other non-operating expense, net.