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Pension and Other Postretirement Benefits Pension and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2020

Pension and Other Postretirement Benefits Disclosure [Text Block]

We have defined-benefit pension plans and a retiree medical plan that provides post-retirement health and life insurance benefits.

The components of net periodic pension cost were as follows (in millions):



	Three Months Ended March 31, 2020
Service cost ⁽¹⁾	$	.6
Interest cost ⁽²⁾	6.5
Expected return on plan assets ⁽²⁾	(9.5		)
Net periodic pension cost	$	(2.4	)


⁽¹⁾	Included in contract drilling and general and administrative expense in our condensed consolidated statements of operations.


⁽²⁾	Included in other, net, in our condensed consolidated statements of operations.

During the three months ended March 31, 2020, we contributed $4.0 million to our pension and other post-retirement benefit plans and expect to make additional contributions to such plans totaling approximately $32.6 million for the remainder of 2020, which represent the minimum contributions we are required to make under relevant statutes. We do not expect to make contributions in excess of the minimum required amounts.