v3.25.2
Employee Benefits (Tables)
 6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost (Credit)

The following tables summarize the components of net periodic benefit cost (credit) for the Ryerson pension plans and postretirement benefit plans other than pension:

 

 

 

Three Months Ended June 30,

 

 

 

Pension Benefits

 

 

Other Benefits

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(In millions)

 

Components of net periodic benefit cost (credit)

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

0.4

 

 

$

0.4

 

 

$

0.1

 

 

$

—

 

Interest cost

 

 

3.6

 

 

 

3.8

 

 

 

0.4

 

 

 

0.4

 

Expected return on assets

 

 

(3.8

)

 

 

(3.8

)

 

 

—

 

 

 

—

 

Settlement gain

 

 

(0.3

)

 

 

(0.6

)

 

 

—

 

 

 

—

 

Recognized actuarial (gain) loss

 

 

1.1

 

 

 

1.0

 

 

 

(1.7

)

 

 

(1.8

)

Net periodic benefit cost (credit)

 

$

1.0

 

 

$

0.8

 

 

$

(1.2

)

 

$

(1.4

)

 

 

 

Six Months Ended June 30,

 

 

 

Pension Benefits

 

 

Other Benefits

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(In millions)

 

Components of net periodic benefit cost (credit)

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

0.7

 

 

$

0.8

 

 

 

0.1

 

 

$

0.1

 

Interest cost

 

 

7.3

 

 

 

7.5

 

 

 

0.8

 

 

 

0.8

 

Expected return on assets

 

 

(7.6

)

 

 

(7.6

)

 

 

—

 

 

 

—

 

Settlement (gain) expense

 

 

(0.5

)

 

 

1.1

 

 

 

—

 

 

 

—

 

Curtailment gain

 

 

—

 

 

 

(0.2

)

 

 

—

 

 

 

(0.1

)

Recognized actuarial (gain) loss

 

 

2.2

 

 

 

2.0

 

 

 

(3.4

)

 

 

(3.6

)

Net periodic benefit cost (credit)

 

$

2.1

 

 

$

3.6

 

 

$

(2.5

)

 

$

(2.8

)