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Defined Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2018
Components of Net Periodic Benefit Cost for Pension and Postretirement Benefits

The components of net periodic benefit cost for pension and postretirement benefits for the six and three months ended June 30, 2018 and 2017 were as follows:

 

(In millions)    Six Months Ended June 30,  
     Pension Benefits      Postretirement Benefits  
     2018      2017      2018      2017  
Service cost    $ 0.3      $ 0.3      $ —        $ —    
Interest cost      15.3        16.7        —          —    
Expected return on plan assets      (20.5      (18.7      —          —    

Recognition of prior service credits

     —          —          —          (5.1
  

 

 

    

 

 

    

 

 

    

 

 

 

Net periodic benefit income

   $ (4.9    $ (1.7    $ —        $ (5.1

 

(In millions)    Three Months Ended June 30,  
     Pension Benefits      Postretirement Benefits  
     2018      2017      2018      2017  
Service cost    $ 0.1      $ 0.2      $ —        $ —    
Interest cost      7.7        8.3        —          —    
Expected return on plan assets      (10.2      (9.4      —          —    

Recognition of prior service credits

     —          —          —          (2.1
  

 

 

    

 

 

    

 

 

    

 

 

 

Net periodic benefit income

   $ (2.4    $ (0.9    $ —        $ (2.1
Accounting Standards Update 2017-07 [Member]  
Schedule of Retrospective Impact of Adopting ASU 2017-07

The retrospective impact of adopting ASU 2017-07 on the six and three months ended June 30, 2017 was as follows:

 

(In millions)              
     Six Months Ended
June 30
     Three Months Ended
June 30,
 
     2017      2017  

Increase to cost of products sold

   $ 5.1      $ 2.2  

Increase to selling, general and administrative expenses

     2.0        1.0  
  

 

 

    

 

 

 

Decrease to operating income

   $ (7.1    $ (3.2