v3.10.0.1
EMPLOYEE BENEFIT PLANS
9 Months Ended
Sep. 30, 2018
EMPLOYEE BENEFIT PLANS  
EMPLOYEE BENEFIT PLANS

NOTE 13—EMPLOYEE BENEFIT PLANS

 

The Company sponsors frozen non-contributory qualified and non-qualified defined benefit pension plans generally covering all employees who, prior to the freeze, were age 21 or older and had completed at least 1,000 hours of service in their first twelve months of employment, or in a calendar year ending thereafter, and who were not covered by a collective bargaining agreement. The Company also sponsors a postretirement deferred compensation plan.

 

Net periodic benefit cost (credit) recognized for the plans in other expense (income) during the three months ended September 30, 2018 and September 30, 2017 consists of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Pension Benefits

 

International Pension Benefits

 

 

Three Months Ended

 

Three Months Ended

(In millions)

    

September 30, 2018

    

September 30, 2017

    

September 30, 2018

    

September 30, 2017

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

$

1.0

 

$

1.1

 

$

0.6

 

$

0.7

Expected return on plan assets

 

 

(0.8)

 

 

(0.8)

 

 

(0.8)

 

 

(0.8)

Net periodic benefit cost (credit)

 

$

0.2

 

$

0.3

 

$

(0.2)

 

$

(0.1)

 

 

Net periodic benefit cost (credit) recognized for the plans in other expense (income) during the nine months ended September 30, 2018 and September 30, 2017 consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Pension Benefits

 

International Pension Benefits

 

 

 

Nine Months Ended

 

Nine Months Ended

 

(In millions)

    

September 30, 2018

    

September 30, 2017

    

September 30, 2018

    

September 30, 2017

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

$

3.0

 

$

3.2

 

$

2.0

 

$

2.0

 

Expected return on plan assets

 

 

(2.4)

 

 

(2.4)

 

 

(2.5)

 

 

(2.4)

 

Net periodic benefit cost (credit)

 

$

0.6

 

$

0.8

 

$

(0.5)

 

$

(0.4)

 

 

Net periodic service cost (credit) recognized for the plans in general and administrative: other: during the three months ended September 30, 2018 and September 30, 2017 consists of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Pension Benefits

 

International Pension Benefits

 

 

Three Months Ended

 

Three Months Ended

(In millions)

    

September 30, 2018

    

September 30, 2017

    

September 30, 2018

    

September 30, 2017

Net periodic service cost

 

$

 —

 

$

 —

 

$

0.1

 

$

0.1

 

Net periodic service cost (credit) recognized for the plans in general and administrative: other: during the nine months ended September 30, 2018 and September 30, 2017 consists of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Pension Benefits

 

International Pension Benefits

 

 

Nine Months Ended

 

Nine Months Ended

(In millions)

    

September 30, 2018

    

September 30, 2017

    

September 30, 2018

    

September 30, 2017

Net periodic service cost

 

$

 —

 

$

 —

 

$

0.4

 

$

0.2