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Pension and Postretirement Benefits (Tables)
3 Months Ended
Mar. 31, 2021
Compensation And Retirement Disclosure [Abstract]  
Schedule of Components of Net Periodic Benefit Cost (Credit)

The estimated components of the recorded net periodic benefit cost (credit) for pension and postretirement benefits are as follows:

 

 

Pension

 

 

Postretirement Benefits

 

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(Dollars in Millions)

 

Service cost

 

$

11.6

 

 

$

9.7

 

 

$

 

 

$

 

Interest cost

 

 

9.0

 

 

 

9.2

 

 

 

0.1

 

 

 

0.1

 

Expected return on assets

 

 

(17.6

)

 

 

(14.6

)

 

 

 

 

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost (credit)

 

 

0.2

 

 

 

0.2

 

 

 

(0.2

)

 

 

(0.2

)

Actuarial loss (gain)

 

 

3.3

 

 

 

3.3

 

 

 

(0.1

)

 

 

 

Net periodic benefit cost (credit)

 

$

6.5

 

 

$

7.8

 

 

$

(0.2

)

 

$

(0.1

)