Whole Earth Brands, Inc. General form of registration statement for all companies including face-amount certificate companies

Employee Benefit Plans and Defined Benefit Pension Planss (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2020

Dec. 31, 2019

The components of net periodic benefit costs of the Business’s defined benefit pension plan for the three months ending March 31, 2020 and 2019:


	Three Months Ended
	March 31,
	2020		2019
	(Unaudited)
Net periodic benefit cost:
Service cost	$	—	$	0.2
Interest cost		0.3		0.3
Expected return on plan assets		(0.4)		(0.4)
Amortization of unrecognized actuarial loss		0.1		0.3
Total net periodic benefit cost	$	—	$	0.4

Net periodic benefit costs are reflected in the Business’ combined financial statements as follows for the period presented:


	Three Months Ended
	March 31,
	2020		2019
	(Unaudited)
Net periodic benefit cost:
Cost of Goods Sold	$	—	$	0.2
Selling, general and administrative expense		—		0.2
Total net periodic benefit cost	$	—	$	0.4

The components of net periodic pension expense for the Business’ funded defined benefit pension plan are as follows:


	Years Ended December 31
	2019		2018		2017
Service cost	$	(0.6)	$	(0.8)	$	(0.8)
Interest cost		(1.1)		(1.0)		(1.0)
Expected return on plan assets		1.5		1.5		1.5
Amortization of prior service costs		(0.1)		(0.1)		(0.1)
Settlement/Curtailment expense		(0.3)		—		—
Amortization of net actuarial loss		(1.1)		(1.0)		(1.2)
Net periodic pension expense	$	(1.7)	$	(1.4)	$	(1.6)

Net periodic benefit costs are reflected in the Company’s Combined Financial Statements as follows for the period presented:


	Years Ended December 31
	2019		2018		2017
Net periodic benefit cost:
Cost of Goods Sold	$	0.4	$	0.5	$	0.6
Selling, general and administrative expense		1.3		0.9		1.0
Total net periodic benefit cost	$	1.7	$	1.4	$	1.6