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Pension Plans
 3 Months Ended
Mar. 29, 2020
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 First Quarter ended March 29, 2020, and March 31, 2019 were as follows:
 
 
First Quarter
 
 
In millions
2020
 
2019
 
 
Net periodic benefit credit
 
 
 
 
 
Interest cost
$
2.3

 
$
2.7

 
 
Expected return on plan assets
(3.6
)
 
(3.8
)
 
 
Amortization of:
 
 
 
 
 
     Net actuarial loss
0.5

 
0.7

 
 
     Prior service credit
(0.1
)
 
(0.1
)
 
 
Net periodic benefit credit
$
(0.9
)
 
$
(0.5
)
 
 
In respect of defined contribution plans
 
 
 
 
 
Total charge for defined contribution plans
1.1

 
1.2

 
 
Total charge for pension plans
$
0.2

 
$
0.7

 


In accordance with ASC 715, defined benefit credit is split in the income statement, with $0.2 million (2019: $0.1 million) of expenses recognized within Selling, general and administrative expenses and a credit of $1.1 million (2019: $0.6 million) recognized below Operating income / (loss) in the income statement.