XML 31 R20.htm IDEA: XBRL DOCUMENT v3.22.2.2
Pension and Other Benefits
9 Months Ended
Sep. 30, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Pension and Other Benefits Pension and Other Benefits
 
The following table sets forth the components of net pension and other benefit costs for the three and nine months ended September 30, 2022 and 2021 (in millions):
 Pension BenefitsOther Benefits
 2022202120222021
Three Months Ended September 30,    
Service cost$0.2 $0.2 $— $— 
Interest cost5.4 5.9 0.2 0.1 
Expected return on plan assets(5.1)(9.1)— — 
Amortization of prior service cost0.1 — — — 
Amortization of actuarial losses2.8 2.7 — — 
Settlement losses1.7 — — — 
NET PERIODIC BENEFIT COST$5.1 $(0.3)$0.2 $0.1 
Nine Months Ended September 30,
Service cost$0.6 $0.7 $— $— 
Interest cost18.0 17.9 0.4 0.4 
Expected return on plan assets(21.5)(27.4)— — 
Amortization of prior service cost0.3 0.1 — — 
Amortization of actuarial losses (gains)8.0 8.1 (0.2)— 
Settlement losses7.5 — — — 
NET PERIODIC BENEFIT COST$12.9 $(0.6)$0.2 $0.4 

During the three months ended September 30, 2022, the Company recognized $1.5 million of settlement losses in continuing operations and $0.2 million of settlement losses in discontinued operations. During the nine months ended September 30, 2022 the Company recognized $5.9 million of settlement losses in continuing operations and $1.6 million of settlement losses in discontinued operations. Those settlement losses are the result of lump-sum distributions from the Company's defined benefit pension plans which exceeded the threshold for settlement accounting under U.S. GAAP for the year.

Employer Contributions
 
The Company made $10.0 million in contributions to its qualified domestic defined benefit pension plan and $2.5 million in contributions to its foreign pension plans during the nine months ended September 30, 2022. Although not required by ERISA and the Internal Revenue Code, the Company may elect to make additional voluntary contributions to its qualified domestic defined benefit pension plan in 2022.