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v3.23.2

Employee Benefit Plans | 6 Months Ended
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Jun. 30, 2023
Retirement Benefits [Abstract] |
Employee Benefit Plans | NOTE L - Employee Benefit Plans The Company has several defined benefit pension plans, which cover a majority of its employees. The following information details the components of net pension (income) expense for the Company’s defined benefit plans:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30 |  |  | June 30 |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Service cost |  | $ | 21.9 |  |  | $ | 43.3 |  |  | $ | 46.9 |  |  | $ | 75.8 |
Interest on projected benefit obligation |  |  | 32.6 |  |  |  | 23.8 |  |  |  | 63.7 |  |  |  | 42.9 |
Expected return on assets |  |  | (57.6 | ) |  |  | (60.1 | ) |  |  | (115.1 | ) |  |  | (108.8 | )
Amortization of prior service costs |  |  | .4 |  |  |  | .2 |  |  |  | .7 |  |  |  | .3 |
Recognized actuarial loss |  |  | 1.7 |  |  |  | 9.0 |  |  |  | 2.4 |  |  |  | 14.6 |
Net pension (income) expense |  | $ | (1.0 | ) |  | $ | 16.2 |  |  | $ | (1.4 | ) |  | $ | 24.8 |
The components of net pension expense other than service cost are included in Interest and other (income), net on the Consolidated Statements of Comprehensive Income. During the three months and six months ended June 30, 2023, the Company contributed $5.7 and $11.5 to its pension plans, respectively, and $6.5 and $13.2 for the three months and six months ended June 30, 2022, respectively.

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