PENSION AND POST-RETIREMENT PLANS

6 Months Ended

Jun. 30, 2020

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, 2019. Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income (Loss) for the qualified pension plans and the post-retirement benefit plans for the three and six months ended June 30, 2020 and 2019 consisted of the following:

	Pension Benefits				Post-retirement Benefits
	Three Months Ended June 30,				Three Months Ended June 30,
(In millions)	2020		2019		2020		2019
Components of net periodic benefit cost (benefit):
Service cost	$	1.3	$	1.1	$	0.2	$	0.2
Interest cost		1.9		2.3		0.2		0.3
Expected return on plan assets		(3.3)		(3.2)		—		—
Amortization of net loss		1.4		0.9		0.1		0.2
Amortization of prior service credit		(0.6)		(0.6)		(0.9)		(1.0)
Net periodic benefit cost (benefit)	$	0.7	$	0.5	$	(0.4)	$	(0.3)

	Pension Benefits				Post-retirement Benefits
	Six Months Ended June 30,				Six Months Ended June 30,
(In millions)	2020		2019		2020		2019
Components of net periodic benefit cost (benefit):
Service cost	$	2.5	$	2.2	$	0.3	$	0.3
Interest cost		3.8		4.6		0.4		0.6
Expected return on plan assets		(6.5)		(6.3)		—		—
Amortization of net loss		2.9		1.8		0.3		0.4
Amortization of prior service credit		(1.2)		(1.2)		(1.8)		(1.9)
Net periodic benefit cost (benefit)	$	1.5	$	1.1	$	(0.8)	$	(0.6)