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Employee Benefit Plans
6 Months Ended
Jun. 30, 2024
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Employee Benefit Plans

6. Employee Benefit Plans

Components of net periodic pension benefit cost and net periodic post-employment benefit cost were as follows (in millions):

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Components of net periodic pension benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1.5

 

 

$

1.6

 

 

$

3.1

 

 

$

3.3

 

Interest cost

 

 

4.2

 

 

 

4.2

 

 

 

8.4

 

 

 

8.3

 

Expected return on plan assets

 

 

(5.1

)

 

 

(4.9

)

 

 

(10.3

)

 

 

(9.7

)

Amortization of prior service cost

 

 

0.4

 

 

 

0.5

 

 

 

0.8

 

 

 

1.0

 

Amortization of net actuarial gain

 

 

(0.7

)

 

 

(0.6

)

 

 

(1.3

)

 

 

(1.2

)

Expenses paid

 

 

0.1

 

 

 

0.3

 

 

 

0.3

 

 

 

0.5

 

Net periodic pension benefit cost

 

$

0.4

 

 

$

1.1

 

 

$

1.0

 

 

$

2.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic post-employment benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

0.5

 

 

$

0.4

 

 

$

0.9

 

 

$

0.8

 

Interest cost

 

 

0.6

 

 

 

0.6

 

 

 

1.2

 

 

 

1.1

 

Amortization of prior service benefit

 

 

(0.4

)

 

 

(0.3

)

 

 

(0.7

)

 

 

(0.7

)

Amortization of net actuarial gain

 

 

 

 

 

(0.1

)

 

 

 

 

 

(0.1

)

Net periodic post-employment benefit cost

 

$

0.7

 

 

$

0.6

 

 

$

1.4

 

 

$

1.1

 

Components of net periodic benefit cost other than “Service cost” and “Expenses paid” are included in “Miscellaneous, net” in the Condensed Consolidated Statements of Income.