PENSION AND POST-RETIREMENT PLANS

9 Months Ended

Sep. 30, 2023

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, 2022. 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, 2023 and 2022 consisted of the following:

	Pension Benefits				Post-retirement Benefits
	Three Months Ended September 30,				Three Months Ended September 30,
(In millions)	2023		2022		2023		2022
Components of net periodic benefit cost (credit):
Service cost	$	0.3	$	1.2	$	0.1	$	0.2
Interest cost		2.5		1.9		0.3		0.3
Expected return on plan assets		(3.0)		(4.0)		—		—
Amortization of net loss (gain)		0.2		0.1		(0.5)		0.2
Amortization of prior service credit		—		(0.3)		(1.0)		(1.0)
Net periodic benefit cost (credit)	$	(0.0)	$	(1.1)	$	(1.1)	$	(0.3)

	Pension Benefits				Post-retirement Benefits
	Nine Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2023		2022		2023		2022
Components of net periodic benefit cost (credit):
Service cost	$	2.3	$	3.6	$	0.2	$	0.5
Interest cost		7.5		5.2		0.7		0.7
Expected return on plan assets		(10.4)		(11.9)		—		—
Amortization of net loss (gain)		0.9		1.8		(1.5)		0.6
Amortization of prior service credit		—		(0.8)		(2.8)		(2.8)
Net periodic benefit cost (credit)	$	0.3	$	(2.1)	$	(3.4)	$	(1.0)