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Defined Benefit Plans
6 Months Ended
Jun. 30, 2017
Defined Benefit Plans
11. Defined Benefit Plans

The components of net periodic benefit cost for pension and postretirement benefits for the six and three months ended June 30, 2017 and 2016 were as follows:

 

(In millions)      Six Months Ended June 30,  
       Pension Benefits      Postretirement Benefits  
       2017      2016      2017      2016  

Service cost

     $ 0.3      $ 5.6      $ —        $ —    

Interest cost

       16.7        17.4        —          0.3  

Expected return on plan assets

       (18.7      (19.0      —          —    

Recognition of prior service credits

       —          —          (5.1      (6.2

Recognition of actuarial losses

       —          —          —          0.9  
    

 

 

    

 

 

    

 

 

    

 

 

 

Net periodic benefit (income) cost

     $ (1.7)      $ 4.0      $ (5.1    $ (5.0

 

(In millions)      Three Months Ended June 30,  
       Pension Benefits      Postretirement Benefits  
       2017      2016      2017      2016  

Service cost

     $ 0.2      $ 2.8      $ —        $ —    

Interest cost

       8.3        8.7        —          0.2  

Expected return on plan assets

       (9.4      (9.5      —          —    

Recognition of prior service credits

       —          —          (2.1      (3.9
    

 

 

    

 

 

    

 

 

    

 

 

 

Net periodic benefit (income) cost

     $ (0.9)      $ 2.0      $ (2.1    $ (3.7

Service cost for 2017 relates to benefit accruals in an hourly Union defined benefit plan in our Security segment. All other defined benefit pension plans were frozen as of December 31, 2016.