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Pensions
9 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Pensions Pensions
The following table presents the components of the Company’s net pension expense:
(dollars in millions)Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Service cost$0.3 $0.2 $0.8 $0.7 
Interest cost0.3 0.3 1.0 0.9 
Expected return on plan assets(0.3)(0.3)(0.9)(0.9)
Amortization of unrecognized loss0.1 — 0.2 0.1 
Amortization of prior service cost— — 0.1 0.1 
Defined benefit plan expense before settlement income0.4 0.2 1.2 0.9 
Settlement income— — — (6.0)
Total pension expense (income)$0.4 $0.2 $1.2 $(5.1)
The service cost component of net periodic benefit cost is presented within cost of products sold and selling, general and administrative expenses within the condensed consolidated statements of earnings while the other components of pension expense are reflected in other (income) expense, net. The Company was not required to and did not make a contribution to its U.S. pension plan in 2023. The Company is not required to make a contribution in 2024.