XML 27 R16.htm IDEA: XBRL DOCUMENT v3.26.1
RETIREMENT PLANS
3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
RETIREMENT PLANS RETIREMENT PLANS
The following table presents the Company’s net periodic benefit cost (income) components of its defined benefit plans:
 Three Months Ended
 March 31, 2026March 31, 2025
Service Cost$0.8 $0.7 
Interest Cost5.2 5.5 
Expected Return on Plan Assets(4.8)(4.6)
Amortization of Prior Service Cost and Net Actuarial Gain(0.2)(0.1)
Net Periodic Benefit Expense$1.0 $1.5 

The service cost component is included in Cost of Sales and Operating Expenses. All other components of net periodic benefit costs are included in Other Expense, Net on the Company's Condensed Consolidated Statements of Income.
For the three months ended March 31, 2026 and March 31, 2025, the Company contributed $2.5 million and $5.1 million, respectively, to its defined benefit pension plans. The Company expects to make total contributions of $18.7 million in 2026. The Company contributed a total of $15.5 million in 2025.
For the three months ended March 31, 2026 and March 31, 2025, the Company contributed $13.2 million and $7.3 million, respectively, to its defined contribution plans.