Page 39 - 2019 Annual Report

NOTES TO FINANCIAL STATEMENTS (continued)

Postretirement Benefits. The net periodic postretirement benefit credit for postretirement plans includes the following components:

years ended December 31
(in millions) 2019 2018 2017
Service cost $ 0.1 $ 0.1 $ 0.1
Interest cost 0.6 0.5 0.7
Amortization of:
Prior service credit (0.8 ) (2.1 ) (1.7 )
Actuarial gain (0.5 ) (0.2 ) (0.4 )
Total net periodic benefit credit $ (0.6 ) $ (1.7 ) $ (1.3 )

The components of net periodic benefit credit, other than service cost, are included in the line item Other nonoperating
expenses and (income), net, in the consolidated statements of earnings.

The Company recognized the following amounts in consolidated comprehensive earnings:

years ended December 31
(in millions) 2019 2018 2017
Actuarial loss (gain) $ 1.0 $ (1.7 ) $ 1.2
Net prior service credit — — (3.9 )
Amortization of:
Prior service credit 0.8 2.1 1.7
Actuarial gain 0.5 0.2 0.4
Total $ 2.3 $ 0.6 $ (0.6 )

Accumulated other comprehensive loss includes the following amounts that have not yet been recognized in net periodic
benefit credit:

December 31 2019 2018
(in millions) Gross Net of tax Gross Net of tax
Prior service credit $ (3.0 ) $ (1.9 ) $ (3.8 ) $ (2.4 )
Actuarial gain (2.7 ) (1.7 ) (4.2 ) (2.7 )
Total $ (5.7 ) $ (3.6 ) $ (8.0 ) $ (5.1 )

The prior service credit and actuarial gain expected to be recognized in net periodic benefit cost during 2020 are $0.8 million
(net of deferred taxes of $0.2 million) and $0.3 million (net of deferred taxes of $0.1 million), respectively, and are included in
accumulated other comprehensive loss at December 31, 2019.

The postretirement health care plans’ change in benefit obligation is as follows:

years ended December 31
(in millions) 2019 2018
Net benefit obligation at beginning of year $ 13.3 $ 15.3
Service cost 0.1 0.1
Interest cost 0.6 0.5
Participants’ contributions 1.2 0.3
Actuarial loss (gain) 1.0 (1.6 )
Gross benefits paid (3.2 ) (1.3 )
Net benefit obligation at end of year $ 13.0 $ 13.3

Celebrating 25 Years as a Public Company Annual Report ♦ Page 37