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Retirement Benefits | 6 Months Ended
--- | ---
Jun. 30, 2025
Retirement Benefits [Abstract] |
Retirement Benefits | Retirement Benefits The Company sponsors several qualified and nonqualified defined benefit and defined contribution pension plans as well as other postretirement plans for its employees. The following tables provide the components of net periodic cost for the Company’s major defined benefit plans and its other postretirement plans.
| Pension Benefits
| Three Months Ended June 30,
| 2025 |  | 2024
| U.S. |  | Non-U.S. |  | U.S. |  | Non-U.S.
Service cost | $ | — |  |  | $ | 0.5 |  |  | $ | — |  |  | $ | 0.4 |
Interest cost | 0.1 |  |  | 0.6 |  |  | 0.1 |  |  | 0.7 |
Expected return on plan assets | — |  |  | (0.4) |  |  | — |  |  | (0.5) |
Net amortization | 0.1 |  |  | (0.2) |  |  | 0.1 |  |  | (0.1) |
Net periodic cost | $ | 0.2 |  |  | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | 0.5 |
| Pension Benefits
| Six Months Ended June 30,
| 2025 |  | 2024
| U.S. |  | Non-U.S. |  | U.S. |  | Non-U.S.
Service cost | $ | — |  |  | $ | 0.8 |  |  | $ | — |  |  | $ | 0.8 |
Interest cost | 0.2 |  |  | 1.2 |  |  | 0.2 |  |  | 1.3 |
Expected return on plan assets | — |  |  | (0.9) |  |  | (0.1) |  |  | (0.9) |
Net amortization | 0.1 |  |  | (0.2) |  |  | 0.2 |  |  | (0.1) |
Net periodic cost | $ | 0.3 |  |  | $ | 0.9 |  |  | $ | 0.3 |  |  | $ | 1.1 |
| Other Postretirement Benefits
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Service cost | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.2 |  |  | $ | 0.2 |
Interest cost | 0.2 |  |  | 0.2 |  |  | 0.4 |  |  | 0.4 |
Net amortization | (0.2) |  |  | (0.3) |  |  | (0.4) |  |  | (0.5) |
Net periodic cost | $ | 0.1 |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | 0.1 |
The Company recognizes the service cost component in both Cost of sales and Selling, general and administrative expenses in the Condensed Consolidated Statements of Income depending on the functional area of the underlying employees and the interest cost, expected return on plan assets and net amortization components in Other expense (income) – net in the Condensed Consolidated Statements of Income. The Company expects to contribute approximately $3.7 million to its defined benefit plans and $1.1 million to its other postretirement benefit plans in 2025. The Company contributed a total of $2.4 million to fund these plans during both the six months ended June 30, 2025 and 2024.

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