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PENSION AND OTHER POSTRETIREMENT BENEFITS | 3 Months Ended
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Mar. 31, 2021
Retirement Benefits [Abstract] |
PENSION AND OTHER POSTRETIREMENT BENEFITS | PENSION AND OTHER POSTRETIREMENT BENEFITS The following table summarizes the components of the Company’s net periodic benefit cost for domestic and foreign defined benefit pension plans and other postretirement benefits:
| Domestic Defined Benefit Pension Plan |  | Foreign Defined Benefit Pension Plans |  | Other Postretirement Benefits
| 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020
Three Months Ended March 31: |  |  |  |  |  |  |  |  |  |  |
Net periodic benefit cost: |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | 1.3 |  |  | $ | 1.1 |  |  | $ | 1.9 |  |  | $ | 1.7 |  |  | $ | 0.3 |  |  | $ | 0.4 |
Interest cost | 0.6 |  |  | 0.8 |  |  | 1.4 |  |  | 1.8 |  |  | 1.3 |  |  | 1.9 |
Expected return on assets | (1.8) |  |  | (1.5) |  |  | (2.5) |  |  | (2.6) |  |  |  |  |
Recognition of: |  |  |  |  |  |  |  |  |  |  |
Unrecognized prior service cost (credit) | 0.3 |  |  | 0.3 |  |  |  |  |  |  | — |  |  | (0.3) |
Unrecognized actuarial loss |  |  |  |  | 0.4 |  |  | 0.3 |  |  | 1.2 |  |  | 0.5 |
Ongoing pension cost | 0.4 |  |  | 0.7 |  |  | 1.2 |  |  | 1.2 |  |  | 2.8 |  |  | 2.5 |
Divestiture of business |  |  |  |  | 0.7 |  |  |  |  |  |  |
Net periodic benefit cost | $ | 0.4 |  |  | $ | 0.7 |  |  | $ | 1.9 |  |  | $ | 1.2 |  |  | $ | 2.8 |  |  | $ | 2.5 |
Service cost is recorded in Cost of goods sold and Selling, general and administrative expenses. All other components are recorded in Other (income) expense - net. For further details on the Company’s pension and other postretirement benefits, see Note 7 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 712 -URI http://asc.fasb.org/topic&trid=2197446 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -URI http://asc.fasb.org/topic&trid=2127225 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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