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Pension Plans
6 Months Ended
Jun. 30, 2019
Retirement Benefits [Abstract]  
Pension Plans
Pension Plans
The principal defined benefit pension plan in the U.K. is the Luxfer Group Pension Plan. The Company’s other arrangements are less significant than the Luxfer Group Pension Plan, the largest being the BA Holdings, Inc. Pension Plan in the U.S.
Components of net periodic benefit cost for our pension plans for the Second Quarter ended June 30, 2019, and 2018 were as follows:
 
 
Second Quarter
 
Year-to-date
 
 
In millions
2019
 
2018
 
2019
2018
 
 
Net periodic benefit credit
 
 
 
 
 
 
 
 
Interest cost
$
2.7

 
$
2.6

 
$
5.4

$
5.3

 
 
Expected return on plan assets
(3.7
)
 
(4.2
)
 
(7.5
)
(8.6
)
 
 
Amortization of:
 
 
 
 
 
 
 
 
     Net actuarial loss
0.7

 
0.7

 
1.4

1.3

 
 
     Prior service credit
(0.1
)
 
(0.1
)
 
(0.2
)
(0.2
)
 
 
Net periodic benefit credit
$
(0.4
)
 
$
(1.0
)
 
$
(0.9
)
$
(2.2
)
 
 
In respect of defined contribution plans
 
 
 
 
 
 
 
 
Total charge for defined contribution plans
1.2

 
1.2

 
2.4

2.6

 
 
Total charge for pension plans
$
0.8

 
$
0.2

 
$
1.5

$
0.4

 

In accordance with ASC 715, defined benefit credit is split in the income statement, with $0.1 million (2018: $0.2 million) of expenses recognized within Selling, general and administrative expenses during the second quarter of 2019 and $0.2 million (2018: $0.4 million) year-to-date. A credit of $0.5 million (2018: $1.2 million) has also been recognized below Operating income in the income statement during the second quarter of 2019, $1.1 million (2018: $2.6 million) year-to-date.