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Retirement Plans (Tables)
6 Months Ended
Jun. 30, 2023
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost (Credit)

The components of the net periodic benefit cost (credit) for our plans were as follows:

 

 

 

Defined Benefit Pension Plan

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Service cost

 

$

3.9

 

 

$

4.9

 

 

$

7.7

 

 

$

10.0

 

Interest cost

 

 

5.3

 

 

 

2.2

 

 

 

10.5

 

 

 

4.5

 

Expected return on assets

 

 

(4.8

)

 

 

(3.6

)

 

 

(9.4

)

 

 

(7.5

)

Net (gain) loss

 

 

(0.8

)

 

 

0.4

 

 

 

(1.7

)

 

 

0.9

 

Prior service cost

 

 

0.1

 

 

 

0.1

 

 

 

0.3

 

 

 

0.3

 

Total benefit cost

 

$

3.7

 

 

$

4.0

 

 

$

7.4

 

 

$

8.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retiree Health Care Plan

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Interest cost

 

$

0.2

 

 

$

 

 

$

0.3

 

 

$

0.1

 

Prior service credit

 

 

 

 

 

(0.2

)

 

 

 

 

 

(0.4

)

Net (gain) loss

 

 

(0.2

)

 

 

0.1

 

 

 

(0.4

)

 

 

0.1

 

Total benefit credit

 

$

 

 

$

(0.1

)

 

$

(0.1

)

 

$

(0.2

)