PENSION AND POSTRETIREMENT PLANS (Tables)

6 Months Ended

Jun. 30, 2022

PENSION AND POSTRETIREMENT PLANS

Net periodic pension and postretirement health care benefit costs

The components of net periodic pension and postretirement health care benefit expense for the second quarter ended June 30 are as follows:

	U.S.				International				U.S. Postretirement
	Pension				Pension				Health Care
(millions)	2022		2021		2022		2021		2022		2021
Service cost		$10.5		$10.8		$6.9		$8.2		$0.2		$0.2
Interest cost on benefit obligation		14.1		12.5		5.5		4.4		0.8		0.7
Expected return on plan assets		(36.7)		(38.6)		(17.6)		(17.7)		(0.1)		(0.1)
Recognition of net actuarial loss (gain)		10.0		16.2		5.8		7.3		(0.1)		0.2
Amortization of prior service benefit		(1.2)		(1.7)		-		(0.3)		-		-
Curtailments and settlements (a)		-		19.6		-		-		-		-
Total expense (benefit)		($3.3)		$18.8		$0.6		$1.9		$0.8		$1.0

The components of net periodic pension and postretirement health care benefit expense for the six months ended June 30 are as follows:

	U.S.				International				U.S. Postretirement
	Pension				Pension				Health Care
(millions)	2022		2021		2022		2021		2022		2021
Service cost		$21.0		$21.6		$14.2		$16.1		$0.4		$0.4
Interest cost on benefit obligation		28.2		25.0		11.2		8.7		1.6		1.4
Expected return on plan assets		(73.4)		(77.2)		(36.0)		(35.3)		(0.2)		(0.2)
Recognition of net actuarial loss (gain)		20.0		32.4		11.8		14.5		(0.2)		0.4
Amortization of prior service benefit		(2.2)		(3.4)		-		(0.4)		-		-
Curtailments and settlements (a)		0.9		19.6		-		-		-		-
Total expense (benefit)		($5.5)		$18.0		$1.2		$3.6		$1.6		$2.0

(a) Settlement expense was recognized as special charges in the second quarter and first six months of 2021.