PENSION AND POST-RETIREMENT PLANS

9 Months Ended

Sep. 30, 2024

PENSION AND POST-RETIREMENT PLANS

PENSION AND POST-RETIREMENT PLANS

14.          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, 2023. 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, 2024 and 2023 consisted of the following:

	Pension Benefits				Post-retirement Benefits
	Three Months Ended September 30,				Three Months Ended September 30,
(In millions)	2024		2023		2024		2023
Components of net periodic benefit cost (credit):
Service cost	$	1.1	$	0.3	$	—	$	0.1
Interest cost		2.4		2.5		0.3		0.3
Expected return on plan assets		(3.8)		(3.0)		—		—
Amortization of net loss (gain)		0.1		0.2		(0.2)		(0.5)
Amortization of prior service credit		—		—		(1.0)		(1.0)
Net periodic benefit cost (credit)	$	(0.2)	$	(0.0)	$	(0.9)	$	(1.1)

	Pension Benefits				Post-retirement Benefits
	Nine Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2024		2023		2024		2023
Components of net periodic benefit cost (credit):
Service cost	$	2.8	$	2.3	$	0.2	$	0.2
Interest cost		7.3		7.5		0.8		0.7
Expected return on plan assets		(11.4)		(10.4)		—		—
Amortization of net loss (gain)		0.3		0.9		(0.6)		(1.5)
Amortization of prior service credit		—		—		(2.8)		(2.8)
Net periodic benefit cost (credit)	$	(1.0)	$	0.3	$	(2.4)	$	(3.4)