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Pensions and Other Benefit Programs (Tables)
6 Months Ended
Jun. 30, 2020
Compensation And Retirement Disclosure [Abstract]  
Schedule of Periodic Benefit Costs (Credits)

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

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

U.S. defined benefit plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost of benefits earned during the period

 

$

1.4

 

 

$

1.2

 

 

$

2.8

 

 

$

2.4

 

Interest cost on projected benefit obligation

 

 

2.7

 

 

 

12.6

 

 

 

9.9

 

 

 

25.2

 

Expected return on plan assets

 

 

(6.5

)

 

 

(20.0

)

 

 

(21.4

)

 

 

(40.1

)

Amortization of net actuarial loss

 

 

0.8

 

 

 

4.8

 

 

 

4.7

 

 

 

9.6

 

Settlement

 

 

-

 

 

 

-

 

 

 

374.4

 

 

 

-

 

Net periodic pension cost (credit)

 

$

(1.6

)

 

$

(1.4

)

 

$

370.4

 

 

$

(2.9

)

Retiree health and life insurance benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost on projected benefit obligation

 

 

0.5

 

 

 

0.6

 

 

 

1.0

 

 

 

1.2

 

Amortization of prior service credit

 

 

-

 

 

 

(0.1

)

 

 

(0.1

)

 

 

(0.1

)

Amortization of net actuarial gain

 

 

(1.7

)

 

 

(2.0

)

 

 

(3.3

)

 

 

(4.2

)

Net periodic postretirement (credit)

 

$

(1.2

)

 

$

(1.5

)

 

$

(2.4

)

 

$

(3.1

)