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Pensions and Other Postretirement Benefits
9 Months Ended
Sep. 30, 2020
Retirement Benefits [Abstract]  
Pensions and Other Postretirement Benefits PENSIONS AND OTHER POSTRETIREMENT BENEFITS
The Company maintains both defined benefit pension plans and postretirement health care plans that provide medical and life insurance coverage to eligible salaried and hourly retired employees in North America and their dependents. The Company maintains international defined benefit pension plans which are either noncontributory or contributory and are funded in accordance with applicable local laws. Pension or termination benefits are based primarily on years of service and the employee's compensation.

In the first quarter of 2020, the Company purchased a group annuity contract using the assets held within the pension trust that transferred the remaining pension obligation under its largest U.S. pension plan of approximately $713 million to an insurance company. The Company incurred an additional non-cash settlement charge of $152.5 million related to this transfer. These non-cash settlement charges relate to Net Actuarial Loss previously recognized in Accumulated Other Comprehensive Loss.
Pension and Postretirement Expense

The pension and postretirement expenses related to the Company’s plans consisted of the following:

Pension BenefitsPostretirement Health Care Benefits
Three Months EndedNine Months EndedThree Months EndedNine Months Ended
September 30, September 30, September 30, September 30,
In millions20202019202020192020201920202019
Components of Net Periodic Cost:
Service Cost$3.7 $3.5 $11.5 $10.5 $0.1 $0.1 $0.4 $0.4 
Interest Cost2.8 11.5 10.5 34.5 0.2 0.3 0.7 0.9 
Administrative Expenses
— — 0.2 0.2 — — — — 
Expected Return on Plan Assets
(4.1)(13.6)(15.7)(41.1)— — — — 
Net Settlement Loss— — 152.5 — — — — — 
Amortization:
 Prior Service Credit— — — — (0.1)(0.1)(0.2)(0.2)
Actuarial Loss (Gain)1.4 2.5 4.1 7.6 (0.4)(0.6)(1.3)(1.8)
Net Periodic Cost (Benefit)$3.8 $3.9 $163.1 $11.7 $(0.2)$(0.3)$(0.4)$(0.7)

Employer Contributions

The Company made contributions of $16.0 million and $8.2 million to its pension plans during the first nine months of 2020 and 2019, respectively. The Company expects to make contributions in the range of $15 million to $20 million for the full year 2020. During 2019, the Company made $11.3 million of contributions to its pension plans.

The Company made postretirement health care benefit payments of $1.5 million and $2.2 million during the first nine months of 2020 and 2019, respectively. The Company estimates its postretirement health care benefit payments for the full year 2020 to be approximately $3 million. During 2019, the Company made postretirement health care benefit payments of $1.2 million.

Multi-Employer Plans

The Company has established estimated liabilities related to the partial or complete withdrawal from certain multi-employment benefit plans for facilities which have been closed. During the second quarter of 2020, the Company increased its estimated withdrawal liability for these plans by $12.2 million, which was recorded in Business Combinations and Shutdown and Other Special Charges in the Consolidated Statements of Operations, to reflect the Company's best estimate of the expected withdrawal liability. The estimated liability of $42.1 million related to these plans is recorded as Compensation and Employee Benefits and Other Noncurrent Liabilities in the Company's Consolidated Balance Sheets. For more information regarding the Company's multi-employer plans, see "Note 8 - Pension and Other Post Retirement Benefits" of the Notes to Consolidated Financial Statements of the Company's 2019 Form 10-K.