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Retirement and Other Postretirement Benefit Plans | 3 Months Ended
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Mar. 31, 2024
Retirement Benefits [Abstract] |
Retirement and Other Postretirement Benefit Plans | Note 4 — Retirement and Other Postretirement Benefit Plans We maintain qualified and nonqualified defined benefit retirement plans covering certain current and former U.S. and European employees, retirement savings plans covering eligible U.S. and U.K. employees and certain postretirement health care and life insurance benefit plans covering eligible U.S. retirees. We also participate in a union sponsored multi-employer pension plan covering certain U.S. employees with union affiliations. Defined Benefit Retirement Plans Net Periodic Benefit Costs Net periodic benefit costs of our defined benefit retirement plans for the three months ended March 31, 2024 and 2023 were as follows:
|  | Quarter Ended March 31, |
(In millions) |  | 2024 |  |  | 2023 |
U.S. Nonqualified Defined Benefit Retirement Plans |  |  |  |  |  |
Service cost |  | $ | - |  |  | $ | 0.3 |
Interest cost |  |  | 0.2 |  |  |  | 0.1 |
Net amortization |  |  | (0.1 | ) |  |  | 0.2 |
Net periodic benefit cost |  | $ | 0.1 |  |  | $ | 0.6 |
(In millions) |  | March 31, 2024 |  |  | December 31, 2023 |
Amounts recognized on the balance sheet for U.S. nonqualified defined benefit retirement plans: |  |  |  |  |  |
Accrued liabilities |  | $ | 1.2 |  |  | $ | 1.3 |
Other non-current liabilities |  |  | 16.8 |  |  |  | 16.8 |
Total accrued benefit |  | $ | 18.0 |  |  | $ | 18.1 |
|  | Quarter Ended March 31, |
(In millions) |  | 2024 |  |  | 2023 |
European Defined Benefit Retirement Plans |  |  |  |  |  |
Service cost |  | $ | 0.2 |  |  | $ | 0.2 |
Interest cost |  |  | 0.1 |  |  |  | 1.2 |
Expected return on plan assets |  |  | - |  |  |  | (1.2 | )
Net amortization and deferral |  |  | - |  |  |  | 0.6 |
Net periodic benefit cost |  | $ | 0.3 |  |  | $ | 0.8 |
(In millions) |  | March 31, 2024 |  |  | December 31, 2023 |
Amounts recognized on the balance sheet for European defined benefit retirement plans: |  |  |  |  |  |
Accrued liabilities |  | $ | 1.1 |  |  | $ | 0.8 |
Other non-current liabilities |  |  | 12.8 |  |  |  | 12.3 |
Total accrued benefit |  | $ | 13.9 |  |  | $ | 13.1 |
All costs related to our pensions are included as a component of operating income in our Condensed Consolidated Statements of Operations. For the three months ended March 31, 2024 and 2023, amounts unrelated to service costs were a charge of $0.2 million and $0.9 million, respectively. Contributions We generally fund our U.S. non-qualified defined benefit retirement plans when benefit payments are incurred. We contributed approximately $0.2 million to our U.S. non-qualified defined benefit retirement plans during the three months ended March 31, 2024 and expect to contribute a total of $0.7 million in 2024 to cover unfunded benefits. Contributions to our European defined benefit retirement plans during the three months ended March 31, 2024 were not material. We plan to contribute approximately $1.1 million during 2 024 to our European plans. Postretirement Health Care and Life Insurance Benefit Plans We recorded $0.3 million of net amortization gain deferral for the three months ended March 31, 2023. Amounts for the three months ended March 31, 2024 were not material. Net p eriodic benefit costs of our postretirement health care and life insurance benefit plans for the three months ended March 31, 2024 and 2023 were immaterial.
(In millions) |  | March 31, 2024 |  |  | December 31, 2023 |
Amounts recognized on the balance sheet: |  |  |  |  |  |
Accrued liabilities |  | $ | 0.2 |  |  | $ | 0.2 |
Other non-current liabilities |  |  | 0.9 |  |  |  | 0.9 |
Total accrued benefit |  | $ | 1.1 |  |  | $ | 1.1 |
Amounts contributed in connection with our postretirement plans were immaterial for both the three months ended March 31, 2024 and 2023. We periodically fund our postretirement plans to pay covered expenses as they are incurred. We expect to contribute approximately $0.2 million in 2024 to cover unfunded benefits.

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