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Pensions and Other Postretirement Benefits
9 Months Ended
Sep. 30, 2020
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefits Disclosure Pensions and Other Postretirement Benefits
Defined Benefit Plans
The Company sponsors various defined benefit pension plans in several countries. Benefits provided generally depend on length of service, pay grade and remuneration levels. The Company maintains two fully frozen defined benefit pension plans in the U.S., and employees in the U.S. and Puerto Rico are generally provided retirement benefits through defined contribution plans.
The Company also sponsors other postretirement benefit plans including plans that provide for postretirement supplemental medical coverage. Benefits from these plans are provided to employees and their spouses and dependents who meet various minimum age and service requirements. In addition, the Company sponsors other plans that provide for life insurance benefits and postretirement medical coverage for certain officers and management employees.
Net Periodic Benefit Cost
Components of net periodic benefit cost for the three and nine months ended September 30, 2020 and 2019 were as follows:
Pension and Other Postretirement Benefits
Three Months EndedNine Months Ended
September 30,September 30,
(In millions)2020201920202019
Service cost$5.3 $5.3 $15.9 $15.9 
Interest cost2.9 3.8 8.7 11.5 
Expected return on plan assets(3.3)(3.0)(10.1)(9.1)
Amortization of prior service costs— 0.3 — 0.8 
Recognized net actuarial losses (gains)0.1 (0.2)0.4 (0.6)
Net periodic benefit cost$5.0 $6.2 $14.9 $18.5 
The Company is making the minimum mandatory contributions to its U.S. defined benefit pension plans in the 2020 plan year. The Company expects to make total benefit payments of approximately $35.2 million from pension and other postretirement benefit plans in 2020. The Company anticipates making contributions to pension and other postretirement benefit plans of approximately $35.1 million in 2020.