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SEC Filings

10-Q
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 10-Q on 10/26/2017
Entire Document
 
Notes to Consolidated Financial Statements – (continued)
(Amounts in Millions, Except Per Share Amounts)
(Unaudited)


 
Domestic Pension Plan
 
Foreign Pension Plans
 
Domestic Postretirement Benefit Plan
Nine months ended September 30,
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Service cost
$
0.0

 
$
0.0

 
$
2.9

 
$
7.3

 
$
0.0

 
$
0.0

Interest cost
3.8

 
4.4

 
10.0

 
13.3

 
0.9

 
1.1

Expected return on plan assets
(4.6
)
 
(4.9
)
 
(13.2
)
 
(15.5
)
 
0.0

 
0.0

Settlements and curtailments
0.0

 
0.0

 
4.0

 
0.3

 
0.0

 
0.0

Amortization of:
 
 
 
 
 
 
 
 
 
 
 
Prior service cost (credit)
0.0

 
0.0

 
0.1

 
0.1

 
(0.1
)
 
(0.1
)
Unrecognized actuarial losses
1.1

 
1.0

 
4.1

 
2.7

 
0.0

 
0.0

Net periodic cost
$
0.3

 
$
0.5

 
$
7.9

 
$
8.2

 
$
0.8

 
$
1.0

The components of net periodic cost other than the service cost component are included in the line item “Other (expense) income, net” in the Consolidated Statements of Operations.
During the nine months ended September 30, 2017, we contributed $2.3 and $13.0 of cash to our domestic and foreign pension plans, respectively. For the remainder of 2017, we expect to contribute approximately $0.3 and $5.0 of cash to our domestic and foreign pension plans, respectively.


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