PENSION AND POST-RETIREMENT PLANS

9 Months Ended

Sep. 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 nine months ended September 30, 2022 and 2021 consisted of the following:

	Pension Benefits				Post-retirement Benefits
	Three Months Ended September 30,				Three Months Ended September 30,
(In millions)	2022		2021		2022		2021
Components of net periodic benefit cost (benefit):
Service cost	$	1.2	$	1.3	$	0.2	$	0.2
Interest cost		1.9		1.4		0.3		0.1
Expected return on plan assets		(4.0)		(3.5)		—		—
Amortization of net loss		0.1		1.3		0.2		0.1
Amortization of prior service credit		(0.3)		(0.6)		(1.0)		(0.9)
Net periodic benefit cost (benefit)	$	(1.1)	$	(0.1)	$	(0.3)	$	(0.5)

	Pension Benefits				Post-retirement Benefits
	Nine Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Components of net periodic benefit cost (benefit):
Service cost	$	3.6	$	3.6	$	0.5	$	0.5
Interest cost		5.2		4.6		0.7		0.5
Expected return on plan assets		(11.9)		(10.8)		—		—
Amortization of net loss		1.8		3.8		0.6		0.7
Amortization of prior service credit		(0.8)		(1.7)		(2.8)		(2.7)
Net periodic benefit cost (benefit)	$	(2.1)	$	(0.5)	$	(1.0)	$	(1.0)