Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefit Programs

v3.7.0.1
Pension and Other Postretirement Benefit Programs
6 Months Ended
Jun. 30, 2017
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefit Programs
PENSION AND OTHER POSTRETIREMENT BENEFIT PROGRAMS
For periods prior to April 1, 2016, certain of our North American employees participated in defined-benefit pension and postretirement plans (the “Shared Plans”) sponsored by AWI. In addition, prior to April 1, 2016, certain of our U.S. employees participated in a postretirement medical benefit plan sponsored by us (the “AFI Postretirement Plan”). Our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) include Shared Plan expenses for our active and retired employees as well as an allocation of Shared Plan expenses associated with corporate personnel. The Shared Plan expenses presented in our Condensed Consolidated Financial Statements represent the allocation of plan costs to AFI and do not represent cash payments to AWI or to the Shared Plans.
Effective April 1, 2016, upon separation from AWI, AFI created defined benefit-pension and postretirement plans which provide North American employees and retirees who previously participated in the Shared Plans the same defined-benefit pension and postretirement benefits previously provided by AWI. AFI also retained the AFI Postretirement Plan described above.
The following table summarizes our pension and postretirement expense (income).
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2017
 
2016
 
2017
 
2016
AFI Plans:
 
 
 
 
 
 
 
Defined-benefit pension, U.S.
 
 
 
 
 
 
 
Service cost
$
1.3

 
$
1.5

 
$
2.7

 
$
1.5

Interest cost
3.9

 
3.9

 
7.8

 
3.9

Expected return on plan assets
(5.6
)
 
(5.8
)
 
(11.2
)
 
(5.8
)
Amortization of prior service cost
0.1

 
0.1

 
0.2

 
0.1

Amortization of net actuarial loss
2.6

 
2.5

 
5.1

 
2.5

Total, defined-benefit pension, U.S.
$
2.3

 
$
2.2

 
$
4.6

 
$
2.2

Defined-benefit pension, Canada
 
 
 
 
 
 
 
Interest cost
$
0.1

 
$
0.2

 
$
0.3

 
$
0.2

Expected return on plan assets
(0.2
)
 
(0.3
)
 
(0.4
)
 
(0.3
)
Amortization of net actuarial loss
0.1

 
0.1

 
0.1

 
0.1

Total, defined-benefit pension, Canada
$

 
$

 
$

 
$

Defined-benefit postretirement, U.S.
 
 
 
 
 
 
 
Service cost
$
0.1

 
$
0.1

 
$
0.2

 
$
0.1

Interest cost
0.9

 
0.8

 
1.7

 
0.9

Amortization of prior service credits

 
(0.1
)
 

 
(0.1
)
Amortization of net actuarial gains
(0.6
)
 
(1.1
)
 
(1.2
)
 
(1.1
)
Total defined-benefit postretirement, U.S.
$
0.4

 
$
(0.3
)
 
$
0.7

 
$
(0.2
)
Shared Plans:
 
 
 
 
 
 
 
  Defined-benefit pension, U.S.
$

 
$

 
$

 
$
2.2

  Defined-benefit pension, Canada

 

 

 
0.1

  Defined-benefit postretirement, U.S.

 

 

 
(0.3
)