v3.26.1
Pension and Other Retiree Benefits (Tables)
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit (Income) Expense for Pension and Post-Retirement Plans

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:

 

 

 

Three Months Ended June 30,

 

 

 

Pension

 

 

Post-retirement

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Service cost

 

$

—

 

 

$

—

 

 

$

0.2

 

 

$

0.2

 

 

$

—

 

 

$

—

 

Interest cost

 

 

1.8

 

 

 

1.9

 

 

 

4.7

 

 

 

4.8

 

 

 

0.1

 

 

 

—

 

Expected return on plan assets

 

 

(3.2

)

 

 

(3.2

)

 

 

(5.1

)

 

 

(4.6

)

 

 

—

 

 

 

—

 

Amortization of net loss (gain)

 

 

0.8

 

 

 

0.6

 

 

 

1.0

 

 

 

1.1

 

 

 

(0.1

)

 

 

(0.1

)

Amortization of prior service cost

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Net periodic benefit (income) cost⁽¹⁾

 

$

(0.6

)

 

$

(0.7

)

 

$

0.8

 

 

$

1.5

 

 

$

—

 

 

$

(0.1

)

 

 

 

Six Months Ended June 30,

 

 

 

Pension

 

 

Post-retirement

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Service cost

 

$

—

 

 

$

—

 

 

$

0.3

 

 

$

0.4

 

 

$

—

 

 

$

—

 

Interest cost

 

 

3.6

 

 

 

3.8

 

 

 

9.3

 

 

 

9.3

 

 

 

0.1

 

 

 

—

 

Expected return on plan assets

 

 

(6.4

)

 

 

(6.4

)

 

 

(10.3

)

 

 

(9.0

)

 

 

—

 

 

 

—

 

Amortization of net loss (gain)

 

 

1.6

 

 

 

1.2

 

 

 

2.1

 

 

 

2.2

 

 

 

(0.2

)

 

 

(0.2

)

Amortization of prior service cost

 

 

—

 

 

 

—

 

 

 

0.1

 

 

 

—

 

 

 

—

 

 

 

—

 

Net periodic benefit (income) cost⁽¹⁾

 

$

(1.2

)

 

$

(1.4

)

 

$

1.5

 

 

$

2.9

 

 

$

(0.1

)

 

$

(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.