XML 39 R28.htm IDEA: XBRL DOCUMENT v3.22.2
Employee Benefits (Tables)
6 Months Ended
Jun. 30, 2022
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost (Credit)

The following tables summarize the components of net periodic benefit cost (credit) for the Ryerson pension plans and postretirement benefit plans other than pension:

 

 

 

Three Months Ended June 30,

 

 

 

Pension Benefits

 

 

Other Benefits

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(In millions)

 

Components of net periodic benefit cost (credit)

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

0.7

 

 

$

0.9

 

 

$

0.1

 

 

$

0.1

 

Interest cost

 

 

2.4

 

 

 

2.9

 

 

 

0.3

 

 

 

0.3

 

Expected return on assets

 

 

(3.3

)

 

 

(5.9

)

 

 

 

 

 

 

Settlement charge

 

 

 

 

 

0.2

 

 

 

 

 

 

 

Recognized actuarial (gain) loss

 

 

2.0

 

 

 

3.9

 

 

 

(1.4

)

 

 

(1.5

)

Amortization of prior service credit

 

 

 

 

 

 

 

 

(0.1

)

 

 

(0.1

)

Net periodic benefit cost (credit)

 

$

1.8

 

 

$

2.0

 

 

$

(1.1

)

 

$

(1.2

)

 

 

 

Six Months Ended June 30,

 

 

 

Pension Benefits

 

 

Other Benefits

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(In millions)

 

Components of net periodic benefit cost (credit)

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1.4

 

 

$

1.8

 

 

$

0.2

 

 

$

0.2

 

Interest cost

 

 

4.9

 

 

 

5.9

 

 

 

0.6

 

 

 

0.6

 

Expected return on assets

 

 

(6.7

)

 

 

(11.8

)

 

 

 

 

 

 

Settlement charge

 

 

0.1

 

 

 

0.4

 

 

 

 

 

 

 

Recognized actuarial (gain) loss

 

 

4.0

 

 

 

7.8

 

 

 

(2.9

)

 

 

(3.0

)

Amortization of prior service credit

 

 

 

 

 

 

 

 

(0.1

)

 

 

(0.2

)

Net periodic benefit cost (credit)

 

$

3.7

 

 

$

4.1

 

 

$

(2.2

)

 

$

(2.4

)