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Defined Benefit Pension Plans
 6 Months Ended
Jun. 30, 2021
Compensation And Retirement Disclosure [Abstract]  
Defined Benefit Pension Plans

Note 10 – Defined benefit pension plans:

The components of our net periodic defined benefit pension cost are presented in the table below.

 

 

Three months ended

 

 

Six months ended

 

 

June 30,

 

 

June 30,

 

 

2020

 

 

2021

 

 

2020

 

 

2021

 

 

(In millions)

 

Service cost

$

3.2

 

 

$

3.6

 

 

$

6.4

 

 

$

7.4

 

Interest cost

 

3.0

 

 

 

2.4

 

 

 

5.9

 

 

 

4.8

 

Expected return on plan assets

 

(2.8

)

 

 

(3.4

)

 

 

(5.5

)

 

 

(6.8

)

Amortization of prior service cost

 

.1

 

 

 

.1

 

 

 

.1

 

 

 

.1

 

Recognized actuarial losses

 

4.7

 

 

 

5.6

 

 

 

9.4

 

 

 

11.0

 

Total

$

8.2

 

 

$

8.3

 

 

$

16.3

 

 

$

16.5

 

 

We expect to contribute the equivalent of approximately $18 million to all of our defined benefit pension plans during 2021.