DFIN 2017 Annual Report

Notes to the Consolidated and Combined Financial Statements (in millions, except per share data, unless otherwise indicated) The accumulated benefit obligation for all defined benefit pension and other postretirement benefit plans was $311.1 million and $294.5 million at December 31, 2017 and 2016, respectively. Pension Benefits Other Postretirement Benefits 2017 2016 2017 2016 Accrued benefit cost (included in accrued liabilities) . . . . . . . . . . . $ (2.2) $ (2.2) $— $(0.1) Pension and other postretirement benefits plan liabilities . . . . . . . . (51.3) (55.3) (1.2) (1.1) Net liabilities recognized in the Consolidated Balance Sheets . . . . $(53.5) $(57.5) $(1.2) $(1.2) The amounts included in accumulated other comprehensive loss in the Consolidated Balance Sheets excluding tax effects, that have not been recognized as components of net periodic cost at December 31, 2017 and 2016 were as follows: Pension Benefits Other Postretirement Benefits 2017 2016 2017 2016 Accumulated other comprehensive (loss) income Net actuarial (loss) gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(87.6) $(87.0) $0.1 $0.2 Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(87.6) $(87.0) $0.1 $0.2 The pre-tax amounts recognized in other comprehensive income (loss) in 2017 as components of net periodic costs were as follows: Pension Benefits Amortization of: Net actuarial loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2.1 Amounts arising during the period: Net actuarial loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2.7) Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(0.6) Actuarial gains and losses in excess of 10.0% of the greater of the projected benefit obligation or the market-related value of plan assets were recognized as a component of net periodic benefit costs over the average remaining service period of a plan’s active employees. As a result of the plan freezes, the actuarial gains and losses are recognized as a component of net periodic benefit costs over the average remaining life of a plan’s active employees. The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit costs in 2018 are shown below: Pension Benefits Amortization of: Net actuarial loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2.5 Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2.5 The weighted average assumptions used to determine the benefit obligation at the measurement date were as follows: Pension Benefits Other Postretirement Benefits 2017 2016 2017 2016 Discount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.7% 4.2% 3.3% 3.6% F-18