Pension and Postretirement Health and Life Benefits

9 Months Ended

Sep. 30, 2020

Retirement Benefits, Description [Abstract]

Pension and Postretirement Health and Life Benefits

PENSION AND POSTRETIREMENT HEALTH AND LIFE BENEFITS

The components of net periodic benefit (credits) for the defined benefit pension plans were as follows (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Service costs	$	0.9	$	0.8	$	2.7	$	2.4
Interest costs	6.0		7.5		18.2		22.7
Amortization of prior service costs (credits), net	—		—		(0.2)		—
Expected return on plan assets (gains)	(9.3)		(9.1)		(28.1)		(27.3)
Net periodic benefit (credits)	$	(2.4)	$	(0.8)	$	(7.4)	$	(2.2)

The components of net periodic benefit costs for the postretirement health and life benefit plans were as follows (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Interest costs	$	1.2	$	1.5	$	3.6	$	4.5
Amortization of prior service costs (credits), net	(0.1)		—		(0.1)		(0.1)
Net periodic benefit costs	$	1.1	$	1.5	$	3.5	$	4.4

The Company reports service costs for its defined benefit pension plans and its postretirement health and life benefit plans in Cost of Sales and Selling, General and Administrative Expenses. The remaining components of net periodic benefit (credits) costs are reported as Nonoperating Components of Net Periodic Benefit Expense (Income).