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Pension and Post-Employment Benefits | 9 Months Ended
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Sep. 30, 2021
Retirement Benefits [Abstract] |
Pension and Post-Employment Benefits | NOTE 6 – PENSION AND POST EMPLOYMENT BENEFITS The Company maintains a defined benefit pension plan covering certain current and former employees in the United Kingdom (the “UK Plan”). The UK Plan is closed to future service accrual and has a large number of deferred and current pensioners. The Company also maintains an unfunded defined benefit pension plan covering certain current and former employees in Germany (the “German plan”). The German plan is closed to new entrants and has no assets. The net periodic benefit of these plans is shown in the following table:
|  | Three Months Ended September 30 |  |  | Nine Months Ended September 30 |
(in millions) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Service cost |  | $ | (0.5 | ) |  | $ | (0.3 | ) |  | $ | (1.4 | ) |  | $ | (1.0 | )
Interest cost on projected benefit obligation |  |  | (1.9 | ) |  |  | (2.9 | ) |  |  | (5.7 | ) |  |  | (8.5 | )
Expected return on plan assets |  |  | 3.9 |  |  |  | 4.5 |  |  |  | 11.7 |  |  |  | 13.3 |
Amortization of prior service credit/(cost) |  |  | (0.1 | ) |  |  | 0.2 |  |  |  | (0.2 | ) |  |  | 0.6 |
Amortization of actuarial net losses |  |  | (0.6 | ) |  |  | (0.4 | ) |  |  | (1.9 | ) |  |  | (1.2 | )
Net periodic benefit |  | $ | 0.8 |  |  | $ | 1.1 |  |  | $ | 2.5 |  |  | $ | 3.2 |
The service cost has been recognized in selling, general and administrative expenses. All other items have been recognized within other income and expense. The amortization of prior service credit and actuarial net losses are a reclassification out of accumulated other comprehensive loss into other income and expense. In addition, we have obligations for post-employment benefits in some of our other European businesses. As at September 30, 2021, we have recorded a liability of $4.8 million (December 31, 2020 – $5.3 million).

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