Pension

6 Months Ended

Jun. 30, 2024

The components of net periodic benefit cost for our U.S. and foreign defined benefit pension plans for the quarters and six months ended June 30, 2024 and 2023, are as follows:


	Quarters Ended June 30,				Six Months Ended June 30,
	Pension Benefits					Pension Benefits
	2024		2023				2024		2023
	(in millions)
Service cost	$	0.1	$	0.2			$	0.2	$	0.3
Interest cost	3.2		3.5				6.4		6.8
Expected return on plan assets	(3.5)		(3.5)				(7.1)		(6.9)

Amortization of net loss	0.4		0.4				0.8		0.8

Net periodic benefit cost	$	0.2	$	0.6			$	0.3	$	1.0

We do not anticipate making any contributions to our U.S. defined benefit pension plans in calendar year 2024.

In the second quarter of 2024, Enpro initiated a plan to terminate and settle its remaining defined benefit pension plan in the United States. The termination and settlement process for this frozen plan, which preserves retirement benefits due to participants but changes the ultimate payor of such benefits, is expected to be completed by the end of 2025. At June 30, 2024, approximately $16.5 million of pension assets recorded in other assets on our consolidated balance sheet and substantially all pension losses recorded in accumulated other comprehensive loss on our consolidated balance sheet relate to this plan.

Tables showing the changes in accumulated other comprehensive income (loss) and the balance at June 30, 2024 are included in Note 1 4, "Accumulated Other Comprehensive Income (Loss)".

- Definition

The entire disclosure for retirement benefits.

+ References

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+ Details

Enpro Inc. 10-Q