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Retirement and Other Benefit Programs
 6 Months Ended
Jun. 30, 2017
Compensation and Retirement Disclosure [Abstract]  
Retirement and Other Benefit Programs
Retirement and Other Benefit Programs

The Company sponsors various pension and other post-employment benefit (“OPEB”) plans in the U.S. and other countries. The net periodic benefit cost associated with these plans consisted of the following components:
 
Three months ended June 30,
 
2017
 
2016
(In millions)
U.S. pensions
 
International pensions
 
OPEB (U.S.)
 
U.S. pensions
 
International pensions
 
OPEB (U.S.)
Net periodic benefit cost
 

 
 

 
 

 
 
 
 
 
 
Service cost
$
3.7

 
$
9.4

 
$
0.4

 
$
1.9

 
$
2.6

 
$
0.1

Interest cost
3.9

 
1.2

 
0.3

 
1.6

 
0.4

 
0.1

Expected return on plan assets
(4.0
)
 
(1.8
)
 
—

 
(1.3
)
 
(0.5
)
 
—

Net periodic benefit cost
$
3.6

 
$
8.8

 
$
0.7

 
$
2.2

 
$
2.5

 
$
0.2


 
Six months ended June 30,
 
2017
 
2016
(In millions)
U.S. pensions
 
International pensions
 
OPEB (U.S.)
 
U.S. pensions
 
International pensions
 
OPEB (U.S.)
Net periodic benefit cost
 

 
 

 
 

 
 

 
 

 
 

Service cost
$
7.4

 
$
18.8

 
$
0.8

 
$
1.9

 
$
2.6

 
$
0.1

Interest cost
7.8

 
2.4

 
0.6

 
1.6

 
0.4

 
0.1

Expected return on plan assets
(8.0
)
 
(3.6
)
 
—

 
(1.3
)
 
(0.5
)
 
—

Amortization of actuarial losses
—

 
0.9

 
—

 
—

 
—

 
—

Net periodic benefit cost
$
7.2


$
18.5

 
$
1.4

 
$
2.2

 
$
2.5

 
$
0.2



The majority of the Company's pension and OPEB plans were assumed with the acquisition of Baxalta on June 3, 2016.