Employee Benefit Plans

3 Months Ended

Mar. 31, 2021

Compensation And Retirement Disclosure [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 expense for the Company’s defined benefit plans:

Three Months Ended March 31,	2021			2020
Service cost	$	36.0		$	32.9
Interest on projected benefit obligation		16.6			20.6
Expected return on assets		(51.1	)		(47.4	)
Amortization of prior service costs		.2			.4
Recognized actuarial loss		14.2			10.3
Settlement loss					7.0
Net pension expense	$	15.9		$	23.8

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

During the three months ended March 31, 2021 and 2020, the Company contributed $6.2 and $23.3 to its pension plans, respectively.