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Employee and Agent Benefits (Tables)

6 Months Ended

Jun. 30, 2021

Employee and Agent Benefits

Components of Net Periodic Benefit Cost (Income) (Table)


								Other postretirement
		Pension benefits						benefits
		For the three months ended						For the three months ended
		June 30,						June 30,
		2021			2020			2021			2020

		(in millions)
Service cost		$	20.8		$	18.2		$	—		$	—
Interest cost			25.8			29.4			0.6			0.7
Expected return on plan assets			(45.6)			(39.2)			(1.3)			(9.0)
Amortization of prior service benefit			(4.2)			(4.2)			(0.2)			(0.3)
Recognized net actuarial (gain) loss			17.5			18.9			(0.1)			—
Net periodic benefit cost (income)		$	14.3		$	23.1		$	(1.0)		$	(8.6)


								Other postretirement
		Pension benefits						benefits
		For the six months ended						For the six months ended
		June 30,						June 30,
		2021			2020			2021			2020

		(in millions)
Service cost		$	41.6		$	36.3		$	—		$	—
Interest cost			51.6			58.7			1.1			1.4
Expected return on plan assets			(91.3)			(78.4)			(2.4)			(18.0)
Amortization of prior service benefit			(8.4)			(8.4)			(0.5)			(0.5)
Recognized net actuarial (gain) loss			35.1			37.7			(0.2)			—
Net periodic benefit cost (income)		$	28.6		$	45.9		$	(2.0)		$	(17.1)

Obligations and Funded Status (Table)


		June 30,			December 31,
		2021			2020

		(in millions)
Change in plan assets
Fair value of plan assets, beginning balance		$	780.6		$	732.8
Actual return on plan assets			(2.5)			53.1
Employer contribution			0.8			1.5
Participant contributions			3.0			6.0
Benefits paid			(7.1)			(12.8)
Assets re-designated for non-retiree benefits			(656.5)			—
Fair value of plan assets, ending balance		$	118.3		$	780.6

Amount recognized in statement of financial position
Other assets		$	11.5		$	675.5
Other liabilities			(2.6)			(2.9)
Total		$	8.9		$	672.6