PENSION AND POST-RETIREMENT PLANS

6 Months Ended

Jun. 30, 2019

PENSION AND POST-RETIREMENT PLANS

PENSION AND POST-RETIREMENT PLANS

12.          PENSION AND POST-RETIREMENT PLANS

The Company’s pension and post-retirement plans are described in Note 11 to the Consolidated Financial Statements included in Part II, Item 8 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. Components of net periodic benefit cost for the Company’s qualified defined benefit pension and post-retirement plans for the three and six months ended June 30, 2019 and 2018 consisted of the following:

	Pension Benefits				Post-retirement Benefits
	Three Months Ended June 30,				Three Months Ended June 30,
(In millions)	2019		2018		2019		2018
Components of net periodic benefit cost (benefit):
Service cost	$	1.1	$	1.1	$	0.2	$	0.1
Interest cost		2.3		2.1		0.3		0.3
Expected return on plan assets		(3.2)		(3.4)		—		—
Amortization of net loss		0.9		1.3		0.2		0.4
Amortization of prior service credit		(0.6)		(0.6)		(1.0)		(0.9)
Net periodic benefit cost (benefit)	$	0.5	$	0.5	$	(0.3)	$	(0.1)

	Pension Benefits				Post-retirement Benefits
	Six Months Ended June 30,				Six Months Ended June 30,
(In millions)	2019		2018		2019		2018
Components of net periodic benefit cost (benefit):
Service cost	$	2.2	$	2.2	$	0.3	$	0.3
Interest cost		4.6		4.3		0.6		0.5
Expected return on plan assets		(6.3)		(6.8)		—		—
Amortization of net loss		1.8		2.4		0.4		0.8
Amortization of prior service credit		(1.2)		(1.2)		(1.9)		(1.8)
Net periodic benefit cost (benefit)	$	1.1	$	0.9	$	(0.6)	$	(0.2)