PENSION AND POST-RETIREMENT PLANS

6 Months Ended

Jun. 30, 2022

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, 2021. 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, 2022 and 2021 consisted of the following:

	Pension Benefits				Post-retirement Benefits
	Three Months Ended June 30,				Three Months Ended June 30,
(In millions)	2022		2021		2022		2021
Components of net periodic benefit cost (benefit):
Service cost	$	1.2	$	1.1	$	0.1	$	0.1
Interest cost		1.6		1.7		0.2		0.2
Expected return on plan assets		(4.0)		(3.7)		—		—
Amortization of net loss		0.9		1.2		0.2		0.3
Amortization of prior service credit		(0.2)		(0.5)		(0.9)		(0.9)
Net periodic benefit cost (benefit)	$	(0.5)	$	(0.2)	$	(0.4)	$	(0.3)

	Pension Benefits				Post-retirement Benefits
	Six Months Ended June 30,				Six Months Ended June 30,
(In millions)	2022		2021		2022		2021
Components of net periodic benefit cost (benefit):
Service cost	$	2.4	$	2.3	$	0.3	$	0.3
Interest cost		3.3		3.2		0.4		0.4
Expected return on plan assets		(7.9)		(7.3)		—		—
Amortization of net loss		1.7		2.5		0.4		0.6
Amortization of prior service credit		(0.5)		(1.1)		(1.8)		(1.8)
Net periodic benefit cost (benefit)	$	(1.0)	$	(0.4)	$	(0.7)	$	(0.5)