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Employee Retirement Plans
6 Months Ended
Jun. 30, 2021
Retirement Benefits [Abstract]  
Employee Retirement Plans Employee Retirement Plans
The following table summarizes the components of our net retirement cost:
Three Months Ended
June 30,
Six Months Ended
June 30,
2021202020212020
(in millions)
Expense Components
Service cost$— $— $— $— 
Interest0.1 3.7 0.2 7.4 
Expected return on plan assets— (5.2)— (10.4)
Amortization of actuarial loss0.1 1.5 0.2 3.0 
Amortization of prior service cost— 0.3 — 0.6 
Net periodic benefit cost0.2 0.3 0.4 0.6 
Profit sharing2.4 1.9 5.2 4.6 
Net expense$2.6 $2.2 $5.6 $5.2 
The non-service cost components of net periodic benefit cost in the table above are included in other, net (income) expense in our Consolidated Statements of Operations. For the three and six months ended June 30, 2021, net periodic benefit cost relates to the Supplemental Executive Retirement Plan.
Pension Plan Termination
On September 4, 2019, our Board of Directors approved the termination of the Trinity Industries, Inc. Consolidated Pension Plan (the "Pension Plan"), effective December 31, 2019. The Pension Plan was settled in the fourth quarter of 2020 which resulted in the Company no longer having any remaining funded pension plan obligations. Upon settlement, we recognized a pre-tax non-cash pension settlement charge in the fourth quarter of 2020 of $151.5 million, which was inclusive of all unamortized losses previously recorded in AOCL.
During the six months ended June 30, 2021, as permitted by applicable regulations, we used $10.2 million of the Pension Plan surplus to fund obligations associated with the Company's profit sharing plans. There was no funding from the Pension Plan surplus to the Company's profit sharing plans during the three months ended June 30, 2021. During the three and six months ended June 30, 2021, we used $1.0 million and $2.2 million, respectively, to fund pension administrative expenses required to finalize the settlement of the Pension Plan. The remaining surplus of the Pension Plan of $11.2 million will be used to fund final pension administrative expenses. We expect that any remaining surplus would be used for other corporate purposes, subject to applicable taxes.