Pension and Other Post-Employment Plans

9 Months Ended

Sep. 30, 2020

PENSION AND OTHER POST-EMPLOYMENT PLANS

Defined Benefit Pension Plans

The following table summarizes the components of Net periodic pension (benefit) expense:


	U.S. Benefit Plan								Non-U.S. Benefit Plan
	Three Months Ended September 30,				Nine Months Ended September 30,				Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2020		2019		2020		2019		2020		2019		2020		2019
Service cost	$	—	$	—	$	—	$	—	$	—	$	—	$	0.1	$	0.1
Interest cost	$	1.5	1.7		4.3		5.1		0.2		0.3		0.7		1.0
Amortization of actuarial loss	0.8		0.8		2.4		2.0		0.2		0.2		0.4		0.5
Amortization of prior service cost	—		—		—		—		—		—		0.1		0.1
Expected return on plan assets	(2.3)		(2.1)		(6.9)		(6.5)		(0.5)		(0.5)		(1.4)		(1.5)
Net periodic pension (benefit) expense	$	—	$	0.4	(0.2)		0.6		$	(0.1)	$	—	(0.1)		0.2

The items that comprise Net periodic pension (benefit) expense, other than service cost, are included as a component of Other (income) expense, net on the Condensed Consolidated Statements of Operations.

In the nine months ended September 30, 2020, the Company contributed $5.0 million to its U.S. defined benefit plan. The Company did not make any contributions to its U.S. defined benefit plan in 2019. In each of the nine months ended September 30, 2020 and 2019, the Company contributed $1.0 million to its non-U.S. defined benefit plan.

During the remainder of 2020, the Company expects to make additional contributions of up to $0.3 million to the non-U.S. benefit plan.

Multi-Employer Pension Plans

During the second quarter of 2020, the Company decided to withdraw from the Sheet Metal Workers’ National Pension Fund. In connection with the issuance of the Company’s intention to withdraw from the plan, the Company recorded an estimated liability of $2.4 million as a component of Other current liabilities on the Condensed Consolidated Balance Sheet as of September 30, 2020. The related expense was included as a component of Other (income) expense, net on the Condensed Consolidated Statements of Operations for the nine months ended September 30, 2020.