XML 36 R24.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Defined Benefit Pension Plans | 9 Months Ended
--- | ---
Sep. 30, 2018
Retirement Benefits [Abstract] |
Compensation and Employee Benefit Plans | DEFINED BENEFIT PENSION PLANS The following table sets forth the net periodic pension cost for our defined benefit pension and postretirement plans during the quarter and nine months ended September 30, 2018 and 2017. In accordance with ASU 2017-07, "Retirement Benefits - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost" (an amendment to ASC 715), all non-service related costs associated with our pension and post retirement plans are recorded outside of operating income. The net periodic pension cost included the following components:
| Quarter Ended |  | Nine Months Ended
| September 30, |  | September 30,
Dollar amounts in millions | 2018 |  | 2017 |  | 2018 |  | 2017
Service cost | $ | 1.2 |  |  | $ | 1.4 |  |  | $ | 3.4 |  |  | $ | 4.1 |
Other components of net periodic pension cost: |  |  |  |  |  |  |
Interest cost | 2.9 |  |  | 3.3 |  |  | 8.6 |  |  | 9.7 |
Expected return on plan assets | (3.3 | ) |  | (3.3 | ) |  | (10.1 | ) |  | (9.8 | )
Amortization of prior service cost 1 | 0.1 |  |  | 0.2 |  |  | 0.3 |  |  | 0.6 |
Amortization of net loss 1 | 1.5 |  |  | 1.4 |  |  | 4.7 |  |  | 4.2 |
Net periodic pension cost | $ | 2.4 |  |  | $ | 3.0 |  |  | $ | 6.9 |  |  | $ | 8.8 |
Net periodic pension cost included in cost of sales | $ | 0.8 |  |  | $ | 0.9 |  |  | $ | 2.1 |  |  | $ | 2.7 |
Net periodic pension cost included in selling, general, and administrative expenses | 0.4 |  |  | 0.5 |  |  | 1.3 |  |  | 1.4 |
Net periodic pension cost included in other non-operating items | 1.2 |  |  | 1.6 |  |  | 3.5 |  |  | 4.7 |
| $ | 2.4 |  |  | $ | 3.0 |  |  | $ | 6.9 |  |  | $ | 8.8 |
1 The amortization of prior service costs and net loss are included in the amounts reclassified from accumulated other comprehensive income (loss). See Note 16 for additional details. During the nine months ended September 30, 2018, we made $40.9 million in pension contributions to our defined benefit pension plans, which included a discretionary payment of $33.2 million to maximize the tax savings allowed under the Tax Cuts and Jobs Act and to lower our expenses associated with pension funding regulations going forward. We expect to contribute about $3.0 million to our defined benefit pension plans in the remaining months of 2018.

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration