14. PENSION AND POST-RETIREMENT PLANS The Company’s pension and post-retirement plans are described in Note 11 to the Consolidated Financial Statements included in Part II, Item 8 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income (Loss) for the qualified pension plans and the post-retirement benefit plans for the three and six months ended June 30, 2025 and 2024 consisted of the following: | | | | | | | | | | | | | | | Pension Benefits | | Post-retirement Benefits | | | Three Months Ended June 30, | | Three Months Ended June 30, | (In millions) | | 2025 | | 2024 | | 2025 | | 2024 | Components of net periodic benefit cost (credit): | | | | | | | | | | | | | Service cost | | $ | 1.1 | | $ | 0.8 | | $ | 0.1 | | $ | 0.1 | Interest cost | | | 2.6 | | | 2.5 | | | 0.2 | | | 0.2 | Expected return on plan assets | | | (4.4) | | | (3.8) | | | — | | | — | Amortization of net actuarial loss (gain) | | | — | | | 0.1 | | | (0.1) | | | (0.2) | Amortization of prior service credit | | | — | | | — | | | (1.0) | | | (0.9) | Net periodic benefit credit | | $ | (0.7) | | $ | (0.4) | | $ | (0.8) | | $ | (0.8) |
| | | | | | | | | | | | | | | Pension Benefits | | Post-retirement Benefits | | | Six Months Ended June 30, | | Six Months Ended June 30, | (In millions) | | 2025 | | 2024 | | 2025 | | 2024 | Components of net periodic benefit cost (credit): | | | | | | | | | | | | | Service cost | | $ | 2.2 | | $ | 1.7 | | $ | 0.1 | | $ | 0.2 | Interest cost | | | 5.2 | | | 4.9 | | | 0.5 | | | 0.5 | Expected return on plan assets | | | (8.8) | | | (7.6) | | | — | | | — | Amortization of net loss (gain) | | | — | | | 0.2 | | | (0.3) | | | (0.4) | Amortization of prior service credit | | | — | | | — | | | (1.9) | | | (1.8) | Net periodic benefit credit | | $ | (1.4) | | $ | (0.8) | | $ | (1.6) | | $ | (1.5) |
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