Employee Benefit Plans

3 Months Ended

Mar. 31, 2025

Retirement Benefits [Abstract]

Employee Benefit Plans

NOTE L - Employee Benefit Plans

The Company has several defined benefit pension plans, which cover a majority of its employees. The following information details the components of net pension (income) expense for the Company’s defined benefit plans:

Three Months Ended March 31,	2025			2024
Service cost	$	24.2		$	27.8
Interest on projected benefit obligation		35.8			33.6
Expected return on assets		(62.3	)		(60.6	)
Amortization of prior service costs		.3			.3
Recognized actuarial loss		.7			1.2
Net pension (income) expense	$	(1.3	)	$	2.3

The components of net pension expense other than service cost are included in Interest and other expenses (income), net on the Consolidated Statements of Comprehensive Income.

The Company contributed $6.5 and $26.0 for the three months ended March 31, 2025 and 2024, respectively.