EMPLOYEE BENEFITS

9 Months Ended

Sep. 30, 2021

Retirement Benefits [Abstract]

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS

The following tables show the components of net periodic benefit cost (credit) for our benefit plans.

	Pension Benefits
	Three Months Ended September 30				Nine Months Ended September 30
(in millions)	2021		2020		2021		2020
Service cost	$	13.3	$	12.5	$	40.8	$	37.3
Interest cost	22.2		25.6		65.8		77.8
Expected return on plan assets	(50.1)		(47.4)		(150.8)		(143.0)
Loss on plan settlement	0.9		5.2		2.9		15.5
Amortization of prior service cost	0.4		0.4		1.2		1.2
Amortization of net actuarial loss	26.4		26.1		82.0		75.8
Net periodic benefit cost	$	13.1	$	22.4	$	41.9	$	64.6

	OPEB Benefits
	Three Months Ended September 30				Nine Months Ended September 30
(in millions)	2021		2020		2021		2020
Service cost	$	4.0	$	3.8	$	11.8	$	11.4
Interest cost	3.7		4.7		10.9		14.0
Expected return on plan assets	(16.5)		(15.0)		(49.5)		(45.2)
Amortization of prior service credit	(4.1)		(3.8)		(12.0)		(11.3)
Amortization of net actuarial gain	(5.9)		(5.6)		(18.1)		(16.8)
Net periodic benefit credit	$	(18.8)	$	(15.9)	$	(56.9)	$	(47.9)

During the nine months ended September 30, 2021, we made contributions and payments of $9.8 million related to our pension plans and $1.5 million related to our OPEB plans. We expect to make contributions and payments of $1.9 million related to our pension plans and $0.7 million related to our OPEB plans during the remainder of 2021, dependent upon various factors affecting us, including our liquidity position and possible tax law changes.