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Pension Plans and Other Postretirement Benefit Plans
 9 Months Ended
Sep. 30, 2019
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]  
Pension Plans and Other Postretirement Benefit Plans Pension Plans and Other Postretirement Benefit Plans
Pension Plans    
GCP sponsors defined benefit pension plans, primarily in the U.S. and the U.K., in which GCP employees and former employees participate. GCP records an asset or a liability to recognize the funded status of these pension plans in its accompanying unaudited Consolidated Balance Sheets.
The following table presents the funded status of GCP's overfunded, underfunded and unfunded defined pension plans:
(In millions)
September 30, 2019
 
December 31, 2018
Overfunded defined benefit pension plans
$
21.5

 
$
22.5

Underfunded defined benefit pension plans
(27.8
)
 
(24.2
)
Unfunded defined benefit pension plans
(23.5
)
 
(23.9
)
Total underfunded and unfunded defined benefit pension plans
(51.3
)
 
(48.1
)
Pension liabilities included in other current liabilities
(1.3
)
 
(1.3
)
Net funded status
$
(31.1
)
 
$
(26.9
)

Components of Net Periodic Benefit Cost
The components of GCP's net periodic benefit cost for the three and nine months ended September 30, 2019 and 2018 are as follows:
 
Three Months Ended September 30,
 
2019
 
2018
 
Pension
 
Pension
(In millions)
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
Service cost
$
1.6

 
$
0.7

 
$
2.0

 
$
0.8

Interest cost
1.4

 
1.4

 
1.4

 
1.4

Expected return on plan assets
(1.6
)
 
(1.5
)
 
(1.9
)
 
(1.7
)
Net periodic benefit cost (1)
$
1.4

 
$
0.6

 
$
1.5

 
$
0.5


 
Nine Months Ended September 30,
 
2019
 
2018
 
Pension
 
Pension
(In millions)
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
Service cost
$
4.8

 
$
2.0

 
$
6.0

 
$
2.4

Interest cost
4.3

 
4.1

 
4.2

 
4.2

Expected return on plan assets
(4.8
)
 
(4.5
)
 
(5.7
)
 
(5.3
)
Mark-to-market adjustment
—

 
—

 
—

 
(0.3
)
Gain on curtailments, settlements, and terminations
—

 
—

 
—

 
(0.1
)
Net periodic benefit cost (1)(2)
$
4.3

 
$
1.6

 
$
4.5

 
$
0.9

________________________________
(1) 
Service cost component of net periodic benefit cost is included in "Selling, general and administrative expenses" and "Cost of goods sold" in the accompanying unaudited Consolidated Statements of Operations. All other components of net periodic benefit cost are presented in "Other income, net," within the accompanying unaudited Consolidated Statements of Operations.
(2) 
During the nine months ended September 30, 2019, the Company recognized a curtailment gain of $0.2 million within the gain on sale of Indonesia related to its delayed closing as a part of Darex divestiture. There was no such gain recognized during the three months ended September 30, 2019. Please refer to Note 19, "Discontinued Operations" for further information.
Other Postretirement Benefit (OPEB) Plans
GCP provides postretirement health care benefits for certain qualifying retired employees. As of September 30, 2019 and December 31, 2018, the related long-term liability was $1.7 million. As of September 30, 2019 and December 31, 2018, accumulated other comprehensive income was $0.4 million, net of related tax impact of $0.1 million, as of the end of each period. There was no related net periodic postretirement benefit cost for the three months ended September 30, 2019. Such cost was $0.1 million for the nine months ended September 30, 2019.
Plan Contributions and Funding
GCP intends to satisfy its funding obligations under the U.S. qualified pension plans and to comply with all of the requirements of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). For ERISA purposes, funded status is calculated on a different basis than under GAAP.
GCP intends to fund non-U.S. pension plans based on applicable legal requirements, as well as actuarial and trustee recommendations. During the three and nine months ended September 30, 2019, GCP contributed $0.3 million and $1.8 million, respectively, to these non-U.S. plans. During the three and nine months ended September 30, 2018, GCP contributed $0.4 million and $4.3 million, respectively, to these non-U.S. plans, including a discretionary contribution of $2.9 million to a pension plan in Brazil.
Defined Contribution Retirement Plan
GCP sponsors a defined contribution retirement plan for its employees in the U.S. which is a qualified plan under section 401(k) of the U.S. tax code. Under this plan, GCP contributes an amount equal to 100% of employee contributions, up to 6% of an individual employee's salary or wages. Effective January 1, 2018, GCP amended the defined contribution plan whereby GCP contributes up to an additional 2% of 100% of applicable employee compensation subject to a three year vesting requirement. Applicable employees include those beginning employment with GCP on or after January 1, 2018 who are not eligible to participate the GCP Applied Technologies Inc. Retirement Plan for Salaried Employees, which closed to new hires effective January 1, 2018. GCP's costs related to these benefit plans amounted to $1.1 million and $3.5 million, respectively, during the three and nine months ended September 30, 2019 and $1.0 million and $3.5 million, respectively, during the three and nine months ended September 30, 2018. These costs are included in "Selling, general and administrative expenses" and "Cost of goods sold" in the accompanying unaudited Consolidated Statements of Operations.