AG真人平台AG真人试玩

Quarterly report pursuant to Section 13 or 15(d)

PENSIONS AND OTHER POSTRETIREMENT BENEFITS (Notes)

v3.20.2
PENSIONS AND OTHER POSTRETIREMENT BENEFITS (Notes)
 9 Months Ended
Sep. 30, 2020
Postemployment Benefits [Abstract] 听
PENSIONS AND OTHER POSTRETIREMENT BENEFITS We offer defined benefit pension plans, defined contribution pension plans and OPEB plans, primarily consisting of retiree healthcare benefits, to most employees as part of a total compensation and benefits program. The defined benefit pension plans are noncontributory and benefits generally are based on a minimum formula or employees鈥� years of service and average earnings for a defined period prior to retirement.听听听听As a result of the acquisition of AK AG真人平台AG真人试玩, we assumed the obligations under AK AG真人平台AG真人试玩's defined benefit pension plans and OPEB plans. Noncontributory pension and various healthcare and life insurance benefits are provided to a significant portion of our employees and retirees. AK AG真人平台AG真人试玩 also contributes to multiemployer pension plans according to collective bargaining agreements that cover certain union-represented employees and defined contribution pension plans. The AK AG真人平台AG真人试玩 pension and OPEB plans were remeasured as of March 13, 2020.
听听听听The following are the components of defined benefit pension and OPEB costs (credits):
Defined Benefit Pension Costs (Credits)
(In Millions)
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2020 2019 2020 2019
Service cost $ 5.4听 $ 4.6听 $ 16.0听 $ 12.9听
Interest cost 19.6听 8.9听 42.7听 26.2听
Expected return on plan assets (36.7) (13.7) (91.9) (41.0)
Amortization:
Prior service costs 0.2听 0.3听 0.7听 0.9听
Net actuarial loss 7.3听 5.9听 20.6听 17.7听
Net periodic benefit cost (credit) $ (4.2) $ 6.0听 $ (11.9) $ 16.7听
OPEB Costs (Credits)
(In Millions)
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2020 2019 2020 2019
Service cost $ 1.4听 $ 0.5听 $ 3.3听 $ 1.3听
Interest cost 4.4听 2.3听 10.9听 7.0听
Expected return on plan assets (4.5) (4.2) (13.6) (12.6)
Amortization:
Prior service credits (0.5) (0.5) (1.5) (1.5)
Net actuarial loss 0.8听 1.3听 2.2听 3.8听
Net periodic benefit cost (credit) $ 1.6听 $ (0.6) $ 1.3听 $ (2.0)
听听听听As a result of the CARES Act enacted on March 27, 2020, we have deferred pension contributions starting in the second quarter of 2020. Based on prior funding requirements, we made defined benefit pension contributions of $0.9 million and $4.9 million for the three and nine months ended September听30, 2020, respectively, compared to defined benefit pension contributions of $5.6 million and $12.3 million for the three and nine months ended September听30, 2019, respectively. OPEB contributions for our voluntary employee benefit association trust plans are typically made on an annual basis in the first quarter of each year, but due to plan funding requirements being met, no OPEB contributions for our voluntary employee benefit association trust plans were required or made for the three and nine months ended September听30, 2020 and 2019.