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Employee Benefit Plans and Other Postretirement Benefits
6 Months Ended
Jun. 30, 2017
Compensation And Retirement Disclosure [Abstract]  
Employee Benefit Plans and Other Postretirement Benefits

11.

Employee Benefit Plans and Other Postretirement Benefits

The components of net periodic benefit cost for our pension plans were as follows (dollars in millions):

 

 

 

Pension Plans

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Service cost

 

$

6.1

 

 

$

6.1

 

 

$

12.2

 

 

$

12.2

 

Interest cost

 

 

10.4

 

 

 

10.2

 

 

 

20.8

 

 

 

20.4

 

Expected return on plan assets

 

 

(13.5

)

 

 

(12.4

)

 

 

(27.0

)

 

 

(24.8

)

Net amortization of unrecognized amounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

 

1.5

 

 

 

1.4

 

 

 

3.0

 

 

 

2.8

 

Actuarial loss

 

 

1.9

 

 

 

1.4

 

 

 

3.7

 

 

 

2.8

 

Net periodic benefit cost

 

$

6.4

 

 

$

6.7

 

 

$

12.7

 

 

$

13.4

 

 

PCA makes pension plan contributions that are sufficient to fund its actuarially determined costs, generally equal to the minimum amounts required by the Employee Retirement Income Security Act (ERISA). From time to time, PCA may make additional discretionary contributions based on the funded status of the plans, tax deductibility, income from operations, and other factors. During the three and six months ended June 30, 2017 and 2016 payments to our nonqualified pension plans were insignificant. For the three and six months ended June 30, 2017, we made contributions of $2.2 million and $5.9 million, respectively, to our qualified pension plans. We made a contribution of $3.7 million to our qualified plans during the three and six months ended June 30, 2016. We expect to contribute at least the estimated required minimum contributions to our qualified plans of approximately $8.0 million in 2017.

The components of net periodic benefit cost for our postretirement plans were as follows (dollars in millions):

 

 

 

Postretirement Plans

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Service cost

 

$

0.1

 

 

$

0.2

 

 

$

0.2

 

 

$

0.4

 

Interest cost

 

 

0.2

 

 

 

0.2

 

 

 

0.3

 

 

 

0.4

 

Net amortization of unrecognized amounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

 

(0.1

)

 

 

 

 

 

(0.1

)

 

 

 

Actuarial loss

 

 

 

 

 

(0.2

)

 

 

 

 

 

(0.4

)

Net periodic benefit cost

 

$

0.2

 

 

$

0.2

 

 

$

0.4

 

 

$

0.4