Pension and Postretirement Benefits

6 Months Ended

Jun. 30, 2025

For all plans, the components of net periodic (benefit) expense for the three months ended June 30, 2025, and 2024 are as follows:



	Pension				Postretirement
(in millions)	2025		2024		2025		2024
Service cost	$	0.5	$	0.6	$	—	$	—
Interest cost	0.4		0.5		0.2		0.2
Expected return on plan assets	(0.7)		(0.8)		—		—

Amortization of prior service cost	(0.2)		(0.2)		—		(0.2)
Amortization of net loss (gain)	0.1		—		(0.2)		(0.2)

Settlement gain	(0.1)		—		—		—

Net periodic expense (benefit)	$	—	$	0.1	$	—	$	(0.2)

For all plans, the components of net periodic (benefit) expense for the six months ended June 30, 2025, and 2024 are as follows:



	Pension				Postretirement
(in millions)	2025		2024		2025		2024
Service cost	$	1.0	$	1.1	$	—	$	—
Interest cost	0.8		1.0		0.3		0.3
Expected return on plan assets	(1.3)		(1.6)		—		—

Amortization of prior service cost	(0.4)		(0.4)		—		(0.4)
Amortization of net loss (gain)	0.1		0.1		(0.3)		(0.4)

Settlement gain	(0.1)		—		—		—

Net periodic expense (benefit)	$	0.1	$	0.2	$	—	$	(0.5)

The components of net periodic benefit, other than the service cost component, are included in “Miscellaneous income (expense), net” in our Unaudited Condensed Consolidated Statements of Operations. Service cost is recorded within “Cost of sales” and “Selling, general and administrative” in our Unaudited Condensed Consolidated Statements of Operations.

We expect to contribute the following to our pension and postretirement plans:


(in millions)	Pension		Postretirement
Expected contributions in 2025	$	1.6	$	1.3
Amounts contributed during the six months ended June 30, 2025	$	0.5	$	1.1

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 715
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

Crane NXT, Co. 10-Q