17. Employee Benefit Plans

The Company provides certain pension, health care and death benefits to eligible retirees and their dependents. The funding mechanism for such benefits varies based on the country where the retiree resides and receives benefits. Eligibility for pension coverage is based on retirement qualifications. Healthcare benefits may be subject to deductibles, co-payments and other limitations. The Company reserves the right to modify benefits unless a government agency in a certain country prohibits it from doing so.

Effective July 1, 2017, The Manitowoc Company, Inc. Post-65 Retiree Health Plan (the “Plan”) was amended. Eligible retirees and their spouses were provided access to a Retiree Health Exchange where they may purchase Medicare Supplement Plans, including Medicare Advantage and Medigap plan prescription drug coverage. The enrollment and payment for this coverage is facilitated by an outside third-party, and these plans have no affiliation with the Company. To assist retirees with premium and out-of-pocket expenses they incur, the Company funds a Health Reimbursement Account (“HRA”) for each enrolled retiree. The value of the HRA is based on the plan type and premium cost for each specific retiree before the Plan was amended.

The components of periodic benefit costs for the three and six months ended June 30, 2018 and June 30, 2017 are as follows:

	Three Months Ended June 30, 2018									Six Months Ended June 30, 2018
							Postretirement									Postretirement
	U.S.			Non-U.S.			Health and			U.S.			Non-U.S.			Health and
	Pension			Pension			Other			Pension			Pension			Other
($ in millions)	Plans			Plans			Plans			Plans			Plans			Plans
Service cost - benefits earned during the period	$	—		$	0.5		$	0.1		$	—		$	1.0		$	0.2
Interest cost of projected benefit obligations		1.3			0.5			0.2			2.6			1.0			0.4
Expected return on plan assets		(1.5	)		(0.4	)		—			(3.0	)		(0.8	)		—
Amortization of prior service cost		—			—			(0.7	)		—			—			(1.4	)
Amortization of actuarial net loss		0.8			0.4			0.2			1.6			0.8			0.4
Net periodic benefit costs	$	0.6		$	1.0		$	(0.2	)	$	1.2		$	2.0		$	(0.4	)

	Three Months Ended June 30, 2017									Six Months Ended June 30, 2017
							Postretirement									Postretirement
	U.S.			Non-U.S.			Health and			U.S.			Non-U.S.			Health and
	Pension			Pension			Other			Pension			Pension			Other
($ in millions)	Plans			Plans			Plans			Plans			Plans			Plans
Service cost - benefits earned during the period	$	—		$	0.5		$	—		$	—		$	0.9		$	0.1
Interest cost of projected benefit obligations		1.4			0.4			0.3			2.7			1.0			0.5
Expected return on plan assets		(1.3	)		(0.3	)		—			(2.5	)		(0.7	)		—
Amortization of prior service cost		—			—			(0.4	)		—			—			(0.7	)
Amortization of actuarial net loss		0.8			0.4			0.1			1.6			0.8			0.2
Net periodic benefit costs		0.9			1.0			0.0			1.8			2.0			0.1

The components of net periodic benefit cost other than the service cost component are included in the line item “other income (expense) - net” in the Condensed Consolidated Statement of Operations.