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RETIREMENT PLANS AND POSTRETIREMENT BENEFITS
 6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
RETIREMENT PLANS AND POSTRETIREMENT BENEFITS RETIREMENT PLANS AND POSTRETIREMENT BENEFITS
Company-Sponsored Defined Benefit Pension Plan
We maintain two company-sponsored defined benefit plans applicable to a portion of salaried past and present
team members, which are closed to future accrual.
Net Periodic (Benefit) Cost
Interest cost represents the increase in the projected benefit obligation, which is a discounted amount, due to the
passage of time. The expected return on plan assets reflects the computed amount of current-year earnings from
the investment of plan assets using an estimated long-term rate of return.
Three Months Ended June 30,
Six Months Ended June 30,
(In millions)
2025
2024
2025
2024
Interest cost
$8.4
$5.6
$16.8
$13.2
Expected return on plan assets
(10.8)
(6.2)
(21.7)
(14.4)
Net periodic benefit
$(2.4)
$(0.6)
$(4.9)
$(1.2)
During the six months ended June 30, 2025, funding of pension plans was $7.9 million. For the remainder of 2025,
we estimate approximately $4.0 million of cash contributions.