Pension and Postretirement Benefits

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

Pension and Postretirement Benefits

Pension and Postretirement Benefits

Components of the net periodic cost for pension and postretirement benefits for the three months ended September 30, 2022 and 2021 were as follows:

	U.S. Defined Benefit Plans				Non-U.S. Defined Benefit Plans				Postretirement Medical Benefits
(Amounts in millions)	2022		2021		2022		2021		2022		2021
Service cost	$	6.1	$	6.3	$	1.3	$	1.8	$	—	$	—
Interest cost	3.3		2.9		1.3		1.3		0.1		0.1
Expected return on plan assets	(6.3)		(6.3)		(1.2)		(1.5)		—		—
Amortization of unrecognized prior service cost and other costs	—		—		(0.1)		—		—		—
Amortization of unrecognized net loss	0.9		1.9		0.5		1.1		0.1		—
Net periodic cost recognized	$	4.0	$	4.8	$	1.8	$	2.7	$	0.2	$	0.1

Components of the net periodic cost for pension and postretirement benefits for the nine months ended September 30, 2022 and 2021 were as follows:

	U.S. Defined Benefit Plans				Non-U.S. Defined Benefit Plans				Postretirement Medical Benefits
(Amounts in millions)	2022		2021		2022		2021		2022		2021
Service cost	$	18.5	$	18.9	$	4.3	$	5.5	$	—	$	—
Interest cost	9.9		8.9		4.6		4.1		0.3		0.3
Expected return on plan assets	(19.0)		(19.0)		(4.1)		(4.6)		—		—
Amortization of unrecognized prior service cost and other costs	0.1		0.1		0.2		0.2		0.1		0.1
Amortization of unrecognized net loss	2.6		5.8		1.9		3.3		0.2		—
Net periodic cost recognized	$	12.1	$	14.7	$	6.9	$	8.5	$	0.6	$	0.4

The components of net periodic cost for pension and postretirement benefits other than service costs are included in other income (expense), net in our condensed consolidated statements of income.