Pensions

9 Months Ended

Sep. 30, 2021

Retirement Benefits [Abstract]

Pensions

PENSIONS

Defined Benefit Pension Plans

The following table summarizes the components of Net periodic pension benefit: 

	U.S. Benefit Plan								Non-U.S. Benefit Plan
	Three Months Ended September 30,				Nine Months Ended September 30,				Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2021		2020		2021		2020		2021		2020		2021		2020
Service cost	$	—	$	—	$	—	$	—	$	—	$	—	$	0.1	$	0.1
Interest cost	1.2		1.5		3.6		4.3		0.2		0.2		0.5		0.7
Amortization of actuarial loss	1.0		0.8		2.9		2.4		0.2		0.2		0.6		0.4
Amortization of prior service cost	—		—		—		—		0.1		—		0.2		0.1
Expected return on plan assets	(2.4)		(2.3)		(7.2)		(6.9)		(0.5)		(0.5)		(1.5)		(1.4)
Net periodic pension benefit	$	(0.2)	$	—	$	(0.7)	$	(0.2)	$	—	$	(0.1)	$	(0.1)	$	(0.1)

The items that comprise Net periodic pension benefit, other than service cost, are included as a component of Other (income) expense, net on the Condensed Consolidated Statements of Operations.

In the nine months ended September 30, 2021 and 2020, the Company contributed $1.9 million and $5.0 million to its U.S. defined benefit plan, respectively. In the nine months ended September 30, 2021 and 2020, the Company contributed $0.9 million and $1.0 million to its non-U.S. defined benefit plan, respectively.

During the remainder of 2021, the Company expects to make additional contributions of up to $0.2 million to the non-U.S. benefit plan.

Multi-Employer Pension Plans

During the nine months ended September 30, 2021, the Company recorded expense of $0.3 million as a component of Other (income) expense, net on the Condensed Consolidated Statements of Operations in connection with its withdrawal from the IAM National Pension Fund, the Company’s only remaining multi-employer pension plan.

During the nine months ended September 30, 2020, the Company recorded expense of $2.4 million as a component of Other

(income) expense, net on the Condensed Consolidated Statements of Operations in connection with its withdrawal from the Sheet Metal Workers’ National Pension Fund.