6. Pension and Other Retiree Benefits The components of net periodic benefit (income) cost for pension and post-retirement plans for the three and six months ended June 30, 2026 and 2025 were as follows:
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Three Months Ended June 30, |
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Pension |
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Post-retirement |
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U.S. |
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International |
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(in millions) |
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2026 |
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2025 |
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2026 |
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2025 |
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2026 |
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2025 |
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Service cost |
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$ |
— |
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$ |
— |
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$ |
0.2 |
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$ |
0.2 |
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$ |
— |
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$ |
— |
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Interest cost |
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1.8 |
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1.9 |
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4.7 |
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4.8 |
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0.1 |
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— |
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Expected return on plan assets |
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(3.2 |
) |
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(3.2 |
) |
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(5.1 |
) |
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(4.6 |
) |
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— |
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— |
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Amortization of net loss (gain) |
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0.8 |
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0.6 |
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1.0 |
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1.1 |
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(0.1 |
) |
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(0.1 |
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Amortization of prior service cost |
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— |
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— |
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— |
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— |
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— |
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— |
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Net periodic benefit (income) cost⁽¹⁾ |
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$ |
(0.6 |
) |
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$ |
(0.7 |
) |
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$ |
0.8 |
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$ |
1.5 |
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$ |
— |
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$ |
(0.1 |
) |
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Six Months Ended June 30, |
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Pension |
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Post-retirement |
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U.S. |
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International |
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(in millions) |
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2026 |
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2025 |
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2026 |
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2025 |
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2026 |
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2025 |
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Service cost |
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$ |
— |
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$ |
— |
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$ |
0.3 |
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$ |
0.4 |
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$ |
— |
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$ |
— |
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Interest cost |
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3.6 |
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3.8 |
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9.3 |
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9.3 |
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0.1 |
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— |
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Expected return on plan assets |
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(6.4 |
) |
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(6.4 |
) |
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(10.3 |
) |
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(9.0 |
) |
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— |
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— |
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Amortization of net loss (gain) |
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1.6 |
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1.2 |
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2.1 |
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2.2 |
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(0.2 |
) |
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(0.2 |
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Amortization of prior service cost |
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— |
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— |
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0.1 |
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— |
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— |
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— |
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Net periodic benefit (income) cost⁽¹⁾ |
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$ |
(1.2 |
) |
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$ |
(1.4 |
) |
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$ |
1.5 |
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$ |
2.9 |
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$ |
(0.1 |
) |
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$ |
(0.2 |
) |
(1)The components of net periodic benefit (income) cost, other than service cost, are included in the line "Non-operating pension (income) expense" in the Consolidated Statements of Income. We expect to contribute approximately $18.0 million to our defined benefit plans in 2026. For the six months ended June 30, 2026, we have contributed $8.3 million to these plans.
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