Pension and Other Postretirement Benefit Plans

The Company sponsors defined benefit pension plans and other postretirement benefit plans (primarily for the continuation of medical benefits) for eligible employees in the United States and certain other countries.

Net Periodic Pension and Other Postretirement Benefit (Credit) Cost

The components of the Company’s net periodic pension benefit (credit) cost are shown below (in millions):



	Three Months Ended
	March 31, 2018						April 1, 2017
	U.S.			Foreign			U.S.			Foreign
Service cost	$	—		$	1.7		$	—		$	1.7
Interest cost	5.0			3.8			5.4			3.8
Expected return on plan assets	(6.9		)	(5.9		)	(5.9		)	(5.6		)
Amortization of actuarial loss	0.5			1.6			0.6			1.2
Settlement loss	0.2			—			0.2			0.8
Net periodic benefit (credit) cost	$	(1.2	)	$	1.2		$	0.3		$	1.9

In the three months ended April 1, 2017, the Company recognized a pension settlement loss of $0.8 million related to its restructuring actions.

The components of the Company’s net periodic other postretirement benefit (credit) cost are shown below (in millions):



	Three Months Ended
	March 31, 2018						April 1, 2017
	U.S.			Foreign			U.S.			Foreign
Service cost	$	—		$	0.1		$	—		$	0.1
Interest cost	0.5			0.4			0.6			0.4
Amortization of actuarial (gain) loss	(0.6		)	—			(0.6		)	0.1
Amortization of prior service credit	—			(0.1		)	—			(0.1		)
Net periodic benefit (credit) cost	$	(0.1	)	$	0.4		$	—		$	0.5

Contributions

In the three months ended March 31, 2018, employer contributions to the Company’s domestic and foreign defined benefit pension plans were $4.1 million.

The Company expects contributions to its domestic and foreign defined benefit pension plans to be approximately $10 million to $15 million in 2018. The Company may elect to make contributions in excess of minimum funding requirements in response to investment performance or changes in interest rates or when the Company believes that it is financially advantageous to do so and based on its other cash requirements.

Accounting Standards Update

On January 1, 2018, the Company adopted Accounting Standards Update ("ASU") 2017-07, "Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost." The new standard requires the classification of the non-service cost components of net periodic benefit cost in other (income) expense, net and the classification of the service cost component in the same line item as other current employee compensation costs. The provisions of the standard were applied retrospectively, and the effects of adoption were not significant.