Pension Plans

We have several pension plans, both qualified and non-qualified, covering certain hourly and salaried employees. Benefits paid under these plans are based generally on employees’ years of service and/or compensation during the final years of employment. We make annual contributions to the plans to the extent indicated by actuarial valuations and statutory requirements. Plan assets are invested primarily in equity and fixed income securities.

Service cost of net periodic pension cost is allocated between Cost of products sold and Selling, distribution, and administrative expenses in the Consolidated Statements of Comprehensive Income based on the nature of the employee's services. All other components of net periodic pension cost are included within Miscellaneous expense, net in the Consolidated Statements of Comprehensive Income. Net periodic pension cost during the three months ended November 30, 2018 and 2017 included the following components before tax (in millions):



	Three Months Ended
	November 30, 2018			November 30, 2017
Service cost	$	0.8		$	0.7
Interest cost	2.2			2.2
Expected return on plan assets	(3.1		)	(3.1		)
Amortization of prior service cost	0.8			0.8
Settlement loss	0.4			—
Recognized actuarial loss	1.1			1.7
Net periodic pension cost	$	2.2		$	2.3

Further details regarding our pension plans are included within the Pension and Defined Contribution Plans footnote of the Notes to Consolidated Financial Statements within our Form 10-K.