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Pension and Other Benefit Programs
 9 Months Ended
Sep. 30, 2019
Compensation And Retirement Disclosure [Abstract]  
Pensions and Other Benefit Programs

NOTE 16. PENSIONS AND OTHER BENEFIT PROGRAMS

Following are the components of net periodic benefit costs (credits):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

U.S. defined benefit plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost of benefits earned during the period

 

$

1.2

 

 

$

1.4

 

 

$

3.6

 

 

$

4.3

 

Interest cost on projected benefit obligation

 

 

12.5

 

 

 

11.5

 

 

 

37.7

 

 

 

34.6

 

Expected return on plan assets

 

 

(20.0

)

 

 

(24.0

)

 

 

(60.1

)

 

 

(72.0

)

Amortization of net actuarial loss

 

 

4.8

 

 

 

5.0

 

 

 

14.4

 

 

 

15.0

 

Net periodic pension (credit)

 

$

(1.5

)

 

$

(6.1

)

 

$

(4.4

)

 

$

(18.1

)

Retiree health and life insurance benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost of benefits earned during the period

 

$

0.1

 

 

$

-

 

 

$

0.1

 

 

$

0.1

 

Interest cost on projected benefit obligation

 

 

0.6

 

 

 

0.6

 

 

 

1.8

 

 

 

1.9

 

Amortization of prior service credit

 

 

-

 

 

 

-

 

 

 

(0.1

)

 

 

-

 

Amortization of net actuarial gain

 

 

(2.2

)

 

 

(1.4

)

 

 

(6.4

)

 

 

(4.2

)

Net periodic postretirement (credit)

 

$

(1.5

)

 

$

(0.8

)

 

$

(4.6

)

 

$

(2.2

)

 

We also have an unfunded defined benefit pension plan in Germany, which was not acquired by Knauf in connection with the Sale. This plan is reported as a component of our Unallocated Corporate segment.  Net periodic pension cost for this plan was immaterial for the three and nine months ended September 30, 2019 and 2018.