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Pension and Postretirement Benefits
9 Months Ended
Sep. 30, 2019
Retirement Benefits [Abstract]  
Pension and Postretirement Benefits Pension and Postretirement Benefits
Net periodic pension expense for the three and nine months ended September 30, 2019 and 2018 is presented below:
 
 
Three Months Ended
September 30, 2019
 
Three Months Ended
September 30, 2018
 
 
Total
 
U.S.
Plans
 
International
Plans
 
Total
 
U.S.
Plans
 
International
Plans
Service cost(i)
 
$
0.7

 
$

 
$
0.7

 
$
0.8

 
$

 
$
0.8

Interest cost
 
66.1

 
49.6

 
16.5

 
63.1

 
46.8

 
16.3

Expected return on plan assets
 
(80.1
)
 
(54.7
)
 
(25.4
)
 
(85.7
)
 
(57.7
)
 
(28.0
)
Amortization of prior service benefit
 
(1.2
)
 
(0.6
)
 
(0.6
)
 
(1.5
)
 
(0.6
)
 
(0.9
)
Recognized net actuarial loss
 
37.9

 
29.6

 
8.3

 
41.9

 
31.4

 
10.5

Net periodic pension expense (benefit)
 
$
23.4

 
$
23.9

 
$
(0.5
)
 
$
18.6

 
$
19.9

 
$
(1.3
)

 
 
Nine Months Ended
September 30, 2019
 
Nine Months Ended
September 30, 2018
 
 
Total
 
U.S.
Plans
 
International
Plans
 
Total
 
U.S.
Plans
 
International
Plans
Service cost(i)
 
$
2.1

 
$

 
$
2.1

 
$
2.4

 
$

 
$
2.4

Interest cost
 
199.3

 
148.1

 
51.2

 
191.1

 
140.0

 
51.1

Expected return on plan assets
 
(242.2
)
 
(163.7
)
 
(78.5
)
 
(259.9
)
 
(172.9
)
 
(87.0
)
Amortization of prior service benefit
 
(3.7
)
 
(1.9
)
 
(1.8
)
 
(4.7
)
 
(1.9
)
 
(2.8
)
Recognized net actuarial loss
 
113.1

 
87.5

 
25.6

 
126.0

 
93.8

 
32.2

Net periodic pension expense (benefit)
 
$
68.6

 
$
70.0

 
$
(1.4
)
 
$
54.9

 
$
59.0

 
$
(4.1
)
(i)Service cost is reported in selling, general and administrative expense. All other components of net periodic pension expense are reported in other income (expense), net in the consolidated statements of income.

In 2019, the company expects to make cash contributions of approximately $103.4 million to its worldwide defined benefit pension plans, which are comprised of $67.2 million for the company’s U.S. qualified defined benefit pension plans and $36.2 million primarily for the company’s international defined benefit pension plans. In 2018, the company made cash contributions of $129.7 million to its worldwide defined benefit pension plans. For the nine months ended September 30, 2019 and 2018, the company made cash contributions of $78.8 million and $117.5 million, respectively.

Net periodic postretirement benefit expense for the three and nine months ended September 30, 2019 and 2018 is presented below:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
2019
 
2018
 
2019
 
2018
Service cost(i)
 
$
0.1

 
$
0.2

 
$
0.3

 
$
0.5

Interest cost
 
1.2

 
1.1

 
3.6

 
3.5

Expected return on assets
 
(0.1
)
 
(0.1
)
 
(0.3
)
 
(0.3
)
Recognized net actuarial loss
 
0.2

 
0.4

 
0.5

 
0.9

Amortization of prior service benefit
 
(0.4
)
 
(0.5
)
 
(1.2
)
 
(1.3
)
Net periodic postretirement benefit expense
 
$
1.0

 
$
1.1

 
$
2.9

 
$
3.3

(i)Service cost is reported in selling, general and administrative expense. All other components of net periodic postretirement benefit expense are reported in other income (expense), net in the consolidated statements of income.

The company expects to make cash contributions of approximately $6.0 million to its postretirement benefit plans in 2019 compared to $9.0 million in 2018. For the nine months ended September 30, 2019 and 2018, the company made cash contributions of $3.5 million and $7.0 million, respectively.