XML 41 R31.htm IDEA: XBRL DOCUMENT v3.22.1
Pension and Postretirement Plans (Tables)
9 Months Ended
Sep. 30, 2021
Compensation And Retirement Disclosure [Abstract]  
Schedule of Pension and Postretirement Costs (Benefits)

Pension and postretirement costs (benefits) are as follows:

 

 

 

Pension Benefits

 

 

 

Postretirement and

Other Benefits

 

 

 

Successor

 

 

 

Predecessor

 

 

Predecessor

 

 

 

Successor

 

 

 

Predecessor

 

 

Predecessor

 

(dollars in millions)

 

September 8, 2021 to September 30, 2021

 

 

 

July 1, 2021 to September 7, 2021

 

 

Three Months Ended September 30, 2020

 

 

 

September 8, 2021 to September 30, 2021

 

 

 

July 1, 2021 to September 7, 2021

 

 

Three Months Ended September 30, 2020

 

Service cost

 

$

 

 

 

$

 

 

$

 

 

 

$

 

 

 

$

0.1

 

 

$

0.1

 

Other components of pension and postretirement benefit plans expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost on projected benefit obligation

 

 

0.9

 

 

 

 

2.7

 

 

 

4.6

 

 

 

 

0.1

 

 

 

 

0.5

 

 

 

0.9

 

Expected return on plan assets

 

 

(2.1

)

 

 

 

(5.2

)

 

 

(7.1

)

 

 

 

 

 

 

 

 

 

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.4

)

 

 

(0.6

)

Actuarial loss

 

 

 

 

 

 

4.5

 

 

 

4.5

 

 

 

 

 

 

 

 

 

 

 

0.3

 

Pension / postretirement costs

 

$

(1.2

)

 

 

$

2.0

 

 

$

2.0

 

 

 

$

0.1

 

 

 

$

0.2

 

 

$

0.7

 

 

 

 

 

Pension Benefits

 

 

 

Postretirement and

Other Benefits

 

 

 

Successor

 

 

 

Predecessor

 

 

Predecessor

 

 

 

Successor

 

 

 

Predecessor

 

 

Predecessor

 

(dollars in millions)

 

September 8, 2021 to September 30, 2021

 

 

 

January 1, 2021 to September 7, 2021

 

 

Nine Months Ended September 30, 2020

 

 

 

September 8, 2021 to September 30, 2021

 

 

 

January 1, 2021 to September 7, 2021

 

 

Nine Months Ended September 30, 2020

 

Service cost

 

$

 

 

 

$

 

 

$

 

 

 

$

 

 

 

$

0.3

 

 

$

0.3

 

Other components of pension and postretirement benefit plans expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost on projected benefit obligation

 

 

0.9

 

 

 

 

10.2

 

 

 

14.2

 

 

 

 

0.1

 

 

 

 

1.8

 

 

 

2.8

 

Expected return on plan assets

 

 

(2.1

)

 

 

 

(19.9

)

 

 

(21.6

)

 

 

 

 

 

 

 

 

 

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.7

)

 

 

(1.9

)

Actuarial loss

 

 

 

 

 

 

16.0

 

 

 

13.5

 

 

 

 

 

 

 

 

 

 

 

0.9

 

Pension settlement charges

 

 

 

 

 

 

 

 

 

1.1

 

 

 

 

 

 

 

 

 

 

 

 

Pension / postretirement costs

 

$

(1.2

)

 

 

$

6.3

 

 

$

7.2

 

 

 

$

0.1

 

 

 

$

0.4

 

 

$

2.1

 

Schedule of Weighted-Average Discount Rate Assumptions The following are the weighted-average discount rate assumptions used in accounting for and measuring the projected benefit obligations:

 

 

 

Pension Benefits

 

 

Postretirement and

Other Benefits

 

 

 

Successor

 

 

 

Predecessor

 

 

Successor

 

 

 

Predecessor

 

 

 

September 8, 2021

 

 

 

December 31, 2020

 

 

September 8, 2021

 

 

 

December 31, 2020

 

Cincinnati plans

 

2.60%

 

 

 

2.40%

 

 

2.60%

 

 

 

2.40%

 

Hawaii plans

 

2.50%

 

 

 

2.30%

 

 

2.80%

 

 

 

2.60%