PENSION AND POSTRETIREMENT PLANS (Tables)

9 Months Ended

Sep. 30, 2024

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 third quarter ended September 30 are as follows:

	U.S.				International				U.S. Postretirement
	Pension				Pension				Health Care
(millions)	2024		2023		2024		2023		2024		2023
Service cost		$11.6		$9.8		$4.7		$6.3		$0.1		$0.1
Interest cost on benefit obligation		21.8		22.0		12.5		11.5		1.3		1.4
Expected return on plan assets		(37.7)		(36.2)		(12.5)		(14.2)		-		-
Recognition of net actuarial loss (gain)		1.5		-		2.4		2.5		(0.8)		(0.8)
Amortization of prior service benefit		(1.1)		(0.6)		(0.3)		(0.1)		-		-
Total expense (benefit)		($3.9)		($5.0)		$6.8		$6.0		$0.6		$0.7

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

	U.S.				International				U.S. Postretirement
	Pension				Pension				Health Care
(millions)	2024		2023		2024		2023		2024		2023
Service cost		$34.8		$30.6		$14.5		$17.1		$0.3		$0.3
Interest cost on benefit obligation		65.4		66.0		37.1		34.5		3.9		4.2
Expected return on plan assets		(113.1)		(108.8)		(37.5)		(42.0)		-		-
Recognition of net actuarial loss (gain)		4.5		-		7.4		9.3		(2.4)		(2.4)
Amortization of prior service benefit		(3.3)		(3.1)		(0.5)		(0.3)		-		-
Curtailments and settlements		0.4		0.7		-		-		-		(0.1)
Total expense (benefit)		($11.3)		($14.6)		$21.0		$18.6		$1.8		$2.0