Employee Benefits (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Total Expense Related to Benefit Plans

The following table presents the total expense related to all postretirement and postemployment benefit plans (in millions of dollars):


	Quarter Ended March 31,
	2026		2025
Defined contribution plans1	$	6.0	$	6.0
Deferred compensation plan2		0.1		0.2
Multiemployer pension plans1		1.5		1.5
Net periodic postretirement and postemployment benefit cost relating to defined benefit plans3		2.1		2.3
Total	$	9.7	$	10.0

Substantially all of these charges related to employee benefits are in COGS with the remaining balance in Selling, general, administrative, research, and development (“SG&A and R&D”) in our Statements of Consolidated Income.

Deferred compensation plan expense is included within SG&A and R&D in our Statements of Consolidated Income.

The current service cost component of Net periodic postretirement and postemployment benefit cost relating to both the pension plans and the OPEB plan is included within COGS in our Statements of Consolidated Income for all periods presented. All other components are included within Other expense, net, in our Statements of Consolidated Income.

Schedule of Net Benefit Costs

The following tables present the components of Net periodic postretirement and postemployment benefit cost relating to our defined benefit plans (in millions of dollars):


	Pension Plans						OPEB						Salaried VEBA
	Quarter Ended March 31,						Quarter Ended March 31,						Quarter Ended March 31,
	2026			2025			2026			2025			2026			2025
Service cost	$	0.8		$	0.9		$	0.2		$	0.2		$	—		$	—
Interest cost		0.5			0.4			0.9			0.9			0.5			0.5
Expected return on plan assets		(0.5	)		(0.4	)		—			—			(0.6	)		(0.5	)
Amortization of prior service cost1		0.2			0.2			—			—			0.7			0.7
Amortization of net actuarial gain		—			—			(0.3	)		(0.5	)		(0.3	)		(0.1	)
Total net periodic postretirement and postemployment benefit cost	$	1.0		$	1.1		$	0.8		$	0.6		$	0.3		$	0.6

We amortize prior service cost on a straight-line basis over the average remaining years of service of the active plan participants.