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Pension and Postretirement Plans (Tables)
6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Schedule of Pension and Postretirement (Benefits) Costs

Pension and postretirement (benefits) costs are as follows:

 

 

 

Three Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

(dollars in millions)

 

Pension Benefits

 

 

Postretirement and Other Benefits

 

Service cost

 

$

 

 

$

 

 

$

 

 

$

0.1

 

Other components of pension and postretirement benefit plans expense:

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost on projected benefit obligation

 

 

3.7

 

 

 

5.0

 

 

 

1.2

 

 

 

1.3

 

Expected return on plan assets

 

 

(3.8

)

 

 

(5.6

)

 

 

 

 

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

Prior service benefit

 

 

 

 

 

 

 

 

(0.2

)

 

 

(0.2

)

Actuarial gain

 

 

 

 

 

(0.1

)

 

 

(1.3

)

 

 

(1.0

)

Pension settlement gain

 

 

(0.8

)

 

 

(0.4

)

 

 

 

 

 

 

Pension / postretirement (benefit) cost

 

$

(0.9

)

 

$

(1.1

)

 

$

(0.3

)

 

$

0.2

 

 

 

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

(dollars in millions)

 

Pension Benefits

 

 

Postretirement and Other Benefits

 

Service cost

 

$

 

 

$

 

 

$

0.1

 

 

$

0.2

 

Other components of pension and postretirement benefit plans expense:

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost on projected benefit obligation

 

 

7.6

 

 

 

10.1

 

 

 

2.5

 

 

 

2.5

 

Expected return on plan assets

 

 

(7.8

)

 

 

(11.3

)

 

 

 

 

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

Prior service benefit

 

 

 

 

 

 

 

 

(0.4

)

 

 

(0.4

)

Actuarial gain

 

 

(0.1

)

 

 

(0.1

)

 

 

(2.4

)

 

 

(1.9

)

Pension settlement gain

 

 

(1.8

)

 

 

(0.4

)

 

 

 

 

 

 

Postretirement curtailment gain

 

 

 

 

 

 

 

 

(0.2

)

 

 

 

Pension / postretirement (benefit) cost

 

$

(2.1

)

 

$

(1.7

)

 

$

(0.4

)

 

$

0.4