Employee Benefits (Tables)

9 Months Ended

Sep. 30, 2020

Compensation And Retirement Disclosure [Abstract]

Schedule of Total Expense Related to Benefit Plans

The following table presents the total expense related to all postretirement benefit plans for the periods presented (in millions of dollars):

	Quarter Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Defined contribution plans1	$	1.4	$	1.7	$	7.0	$	7.3
Deferred compensation plan2		0.4		0.3		0.8		1.3
Multiemployer pension plans1		1.3		1.3		3.8		3.7
Net periodic postretirement benefit cost relating to Salaried VEBA2		1.2		1.6		3.6		4.9
Total	$	4.3	$	4.9	$	15.2	$	17.2

^{1 Substantially all of the expense related to employee benefits are in Cost of products sold, excluding depreciation and amortization and other items (“COGS”) with the remaining balance in Selling, general, administrative, research and development (“SG&A and R&D”).}

^{2 The deferred compensation plan and the current service cost component of Net periodic postretirement benefit cost relating to Salaried VEBA are included within our Statements of Consolidated Income in SG&A and R&D for all periods presented. All other components of Net periodic postretirement benefit cost relating to Salaried VEBA are included within Other expense, net, on our Statements of Consolidated Income.}

Schedule of Net Benefit Costs

The following table presents the components of Net periodic postretirement benefit cost relating to Salaried VEBA for the periods presented (in millions of dollars):

	Quarter Ended						Nine Months Ended
	September 30,						September 30,
	2020			2019			2020			2019
Salaried VEBA1:
Service cost	$	0.1		$	—		$	0.1		$	—
Interest cost		0.6			0.8			1.9			2.4
Expected return on plan assets		(0.7	)		(0.7	)		(2.1	)		(2.0	)
Amortization of prior service cost2		1.2			1.4			3.5			4.2
Amortization of net actuarial loss		—			0.1			0.2			0.3
Total net periodic postretirement benefit cost relating to Salaried VEBA	$	1.2		$	1.6		$	3.6		$	4.9

^{1 The service cost was insignificant for all periods presented.}

^{2 We amortize prior service cost on a straight-line basis over the average remaining years of service to full eligibility for benefits of the active plan participants.}