v3.24.3
Retirement Benefits
 9 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Retirement Benefits Retirement Benefits
The Company sponsors several qualified and nonqualified defined benefit and defined contribution pension plans as well as other postretirement plans for its employees. The following tables provide the components of net periodic cost for its major defined benefit plans and its other postretirement plans.
 Pension Benefits
 Three Months Ended September 30,
 20242023
 U.S.Non-U.S.U.S.Non-U.S.
Service cost$0.1 $0.3 $0.1 $0.3 
Interest cost0.1 0.6 0.1 0.6 
Expected return on plan assets(0.1)(0.4)(0.1)(0.4)
Net amortization— — — (0.1)
Net periodic cost$0.1 $0.5 $0.1 $0.4 
 Pension Benefits
 Nine Months Ended September 30,
 20242023
 U.S.Non-U.S.U.S.Non-U.S.
Service cost$0.1 $1.1 $0.1 $0.9 
Interest cost0.3 1.9 0.3 2.0 
Expected return on plan assets(0.2)(1.3)(0.2)(1.2)
Net amortization0.2 (0.1)0.1 (0.4)
Net periodic cost$0.4 $1.6 $0.3 $1.3 
 Other Postretirement Benefits
 Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
Service cost$0.2 $0.1 $0.4 $0.3 
Interest cost0.2 0.2 0.6 0.6 
Net amortization(0.2)(0.2)(0.7)(0.7)
Net periodic cost$0.2 $0.1 $0.3 $0.2 

The Company recognizes the service cost component in both Cost of sales and Selling, general and administrative expenses in the Condensed Consolidated Statements of Income depending on the functional area of the underlying employees and the interest cost, expected return on plan assets and net amortization components in Other expense (income) – net in the Condensed Consolidated Statements of Income.

The Company expects to contribute approximately $3.6 million to its defined benefit plans and $1.1 million to its other postretirement benefit plans in 2024. The Company contributed a total of $3.5 million and $3.9 million to fund these plans during the nine months ended September 30, 2024 and 2023, respectively.