XML 29 R19.htm IDEA: XBRL DOCUMENT v3.23.3
Retirement Plans
9 Months Ended
Sep. 30, 2023
Retirement Benefits [Abstract]  
Retirement Plans

(10) Retirement Plans

 

The components of the net periodic benefit cost (credit) for our plans were as follows:

 

 

 

Defined Benefit Pension Plan

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Service cost

 

$

3.9

 

 

$

4.7

 

 

$

11.6

 

 

$

14.7

 

Interest cost

 

 

5.3

 

 

 

2.1

 

 

 

15.8

 

 

 

6.6

 

Expected return on assets

 

 

(4.8

)

 

 

(3.6

)

 

 

(14.2

)

 

 

(11.1

)

Net (gain) loss

 

 

(0.8

)

 

 

0.5

 

 

 

(2.5

)

 

 

1.4

 

Prior service cost

 

 

0.2

 

 

 

0.2

 

 

 

0.5

 

 

 

0.5

 

Total benefit cost

 

$

3.8

 

 

$

3.9

 

 

$

11.2

 

 

$

12.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retiree Health Care Plan

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Interest cost

 

$

0.1

 

 

$

0.1

 

 

$

0.4

 

 

$

0.2

 

Prior service credit

 

 

(0.2

)

 

 

(0.2

)

 

 

(0.6

)

 

 

(0.6

)

Net loss

 

 

 

 

 

 

 

 

 

 

 

0.1

 

Total benefit credit

 

$

(0.1

)

 

$

(0.1

)

 

$

(0.2

)

 

$

(0.3

)

 

During the three and nine months ended September 30, 2023, contributions made to our pension plans were $4.0 and $14.6, respectively, and contributions made to our retiree health care plan were $0.3 and $0.9, respectively. During 2023, we expect to make total contributions of approximately $20.0 to our pension plans and to fund our retiree health care payments as incurred.