PENSION AND POST-RETIREMENT PLANS

9 Months Ended

Sep. 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 nine months ended September 30, 2019 and 2018 consisted of the following:

	Pension Benefits				Post-retirement Benefits
	Three Months Ended September 30,				Three Months Ended September 30,
(In millions)	2019		2018		2019		2018
Components of net periodic benefit cost (benefit):
Service cost	$	1.3	$	1.1	$	—	$	0.2
Interest cost		2.4		2.1		0.1		0.3
Expected return on plan assets		(2.7)		(3.3)		—		—
Amortization of net loss (gain)		2.2		1.0		(0.5)		0.3
Amortization of prior service credit		(0.5)		(0.5)		(0.9)		(1.0)
Net periodic benefit cost (benefit)	$	2.7	$	0.4	$	(1.3)	$	(0.2)

	Pension Benefits				Post-retirement Benefits
	Nine Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2019		2018		2019		2018
Components of net periodic benefit cost (benefit):
Service cost	$	3.5	$	3.3	$	0.3	$	0.5
Interest cost		7.0		6.4		0.7		0.8
Expected return on plan assets		(9.0)		(10.1)		—		—
Amortization of net loss (gain)		4.0		3.4		(0.1)		1.1
Amortization of prior service credit		(1.7)		(1.7)		(2.8)		(2.8)
Net periodic benefit cost (benefit)	$	3.8	$	1.3	$	(1.9)	$	(0.4)