Pensions and Other Post-retirement Benefits

9 Months Ended

Sep. 30, 2020

Retirement Benefits [Abstract]

Pensions and Other Post-retirement Benefits

Pensions and Other Post-retirement Benefits

Components of net periodic benefit cost consisted of the following:

	Pension Benefits					Other Benefits
(In thousands)	2020		2019			2020		2019
Three Months Ended September 30,
Service cost	$	3,012	$	2,579		$	99	$	88
Interest cost	3,726		4,712			179		249
Expected return on plan assets	(8,503)		(9,655)			—		—
Amortization of prior service cost (credit)	46		54			(98)		(101)
Recognized net actuarial losses	3,935		2,555			286		217
Net periodic benefit cost (a)	$	2,216	$	245		$	466	$	453
Nine Months Ended September 30,
Service cost	$	9,035	$	7,738		$	297	$	266
Interest cost	11,178		14,138			537		747
Expected return on plan assets	(25,509)		(28,966)			—		—
Amortization of prior service cost (credit)	138		162			(294)		(303)
Recognized net actuarial losses	11,805		7,666			858		651
Settlements	—		2,363		(b)	—		—
Net periodic benefit cost(a)	$	6,647	$	3,101		$	1,398	$	1,361

(a) Components of net periodic benefit cost other than service cost are included in the line item "Other income, net" in the unaudited Condensed Consolidated Statement of Income.

(b) Related to a non-cash charge associated with the closure of our pension plan in the U.K. and included in "Restructuring charges" on the unaudited Condensed Consolidated Statement of Income.

We made contributions of $5.7 million and $5.3 million to our pension plans during the nine months ended September 30, 2020 and 2019, respectively. We expect to make total contributions of approximately $7.6 million to our pension plans in 2020 primarily associated with statutorily required plans in the International segment.