Net Periodic Benefit Cost - Defined Benefit Plans

In connection with the sale of the Fluid Handling business, the Buyer assumed the Fluid Handling liability for all foreign defined benefit plans specific to the Fluid Handling business, a portion of the U.S. defined benefit plan, and certain other postretirement obligations. Net benefit cost for the Fluid Handling business is included in (Loss) income from discontinued operations, net of taxes, within the Condensed Consolidated Statements of Income. See Note 3, “Discontinued Operations” for further information.

The following table sets forth the components of total net periodic benefit cost of the Company’s defined benefit pension plans and other post-retirement employee benefit plans:



	Three Months Ended						Nine Months Ended
	September 28, 2018			September 29, 2017			September 28, 2018			September 29, 2017
	(In thousands)
Pension Benefits - U.S. Plans:
Service cost	$	20		$	46		$	101		$	139
Interest cost	1,155			3,892			4,776			11,637
Expected return on plan assets	(2,969		)	(5,340		)	(8,247		)	(16,019		)
Amortization	606			1,623			2,434			4,860
Net periodic benefit cost	$	(1,188	)	$	221		$	(936	)	$	617

Pension Benefits - Non-U.S. Plans:
Service cost	$	643		$	409		$	1,889		$	2,407
Interest cost	4,529			6,358			14,079			19,537
Expected return on plan assets	(5,278		)	(6,994		)	(16,397		)	(20,404		)
Amortization	250			1,728			776			3,401
Net periodic benefit cost	$	144		$	1,501		$	347		$	4,941

Other Post-Retirement Benefits:
Service cost	$	6		$	10		$	19		$	31
Interest cost	124			243			370			728
Amortization	(22		)	(101		)	(66		)	(301		)
Net periodic benefit cost	$	108		$	152		$	323		$	458

During the three and nine months ended September 29, 2017, net periodic benefit cost of $2.0 million and $4.3 million, respectively, are included in (Loss) income from discontinued operations, net of taxes.