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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Change in Benefit Obligation, Change in Plan Assets and Components of Funded Status
The following tables present the change in benefit obligation, change in plan assets and components of funded status for defined benefit pension plans.
 Pension Benefits
(In millions)2025
2024
Change in benefit obligation:
Projected benefit obligation - beginning of year$391.7 $423.8 
Service cost2.8 2.7 
Interest cost18.4 18.2 
Actuarial loss / (gain)3.7 (9.1)
Benefits paid(38.2)(39.1)
Currency translation and other7.4 (4.8)
Projected benefit obligation - end of year385.8 391.7 
Projected salary increases(6.2)(5.5)
Accumulated benefit obligation$379.6 $386.2 
Change in plan assets:
Plan assets - beginning of year$386.5 $400.5 
Actual return on plan assets34.3 17.9 
Company contributions 6.9 7.0 
Benefits paid(38.2)(39.1)
Currency translation and other1.0 0.2 
Plan assets - end of year$390.5 $386.5 
Overfunded (unfunded) status at end of year$4.7 $(5.2)
Schedule of Amounts Included in Consolidated Balance Sheets
Amounts included in the accompanying Consolidated Balance Sheets as of December 31 are as follows:
 Pension Benefits
(In millions)20252024
Non-current assets $69.0 $55.5 
Accrued expenses and other liabilities5.7 5.7 
Other non-current liabilities58.6 55.0 
Schedule of Projected and Accumulated Benefit Obligations in Excess of Plan Assets
As of December 31, 2025 and 2024, we had plans with total projected and accumulated benefit obligations in excess of the related plan assets as follows:
 Pension Benefits
(In millions)20252024
Projected benefit obligation$76.0 $88.7 
Fair value of plan assets11.7 25.2 
Accumulated benefit obligation70.8 81.2 
Fair value of plan assets11.7 22.7 
Schedule of Weighted Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost
Weighted-average assumptions used to determine benefit obligations at December 31:
 Pension Benefits
20252024
Discount rate4.7 %4.9 %
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:
 Pension Benefits
202520242023
Discount rate*4.9 %4.5 %4.7 %
Expected long-term return on plan assets*5.9 %6.3 %6.7 %
*The mark-to-market component of net periodic costs is determined based on discount rates as of year-end and actual asset returns during the year.
Schedule of Components of Net Period Benefit Cost (Income) Recognized
The following table summarizes the components of net periodic benefit cost (income) that was recognized during each of the years in the three-year period ended December 31, 2025.
 Pension Benefits
(In millions)202520242023
Components of net periodic benefit cost (income):
Service cost$2.8 $2.7 $3.1 
Interest cost18.4 18.2 19.6 
Expected return on plan assets(21.9)(24.1)(25.5)
Amortization of prior service cost(0.1)(0.1)(0.1)
Mark-to-market actuarial net gains(8.7)(2.9)(2.8)
Net periodic income$(9.5)$(6.2)$(5.7)
Schedule of Fair Values of Pension Plan Assets by Asset Category
The fair values of pension plan assets at December 31, 2025 and 2024, by asset category, are as follows:
 
Fair Value of Plan Assets at December 31, 2025
(In millions)Quoted
Prices in
Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total Investments (at Fair Value)
Asset category
Cash$3.1 $— $— $3.1 
Bonds and notes10.1 — — 10.1 
Global equity10.6 — — 10.6 
Other — 4.7 18.3 23.0 
Total$23.8 $4.7 $18.3 $46.8 
Investments measured at NAV:
Common collective funds:
United States equity32.7 
International equity19.8 
Fixed income291.2 
Total common collective funds$343.7 
Total investments at fair value$390.5 
 
Fair Value of Plan Assets at December 31, 2024
(In millions)Quoted
Prices in
Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total Investments (at Fair Value)
Asset category
Cash$4.6 $— $— $4.6 
Bonds and notes46.9 — — 46.9 
Global equity8.5 — — 8.5 
Other — 4.1 16.2 20.3 
Total$60.0 $4.1 $16.2 $80.3 
Investments measured at NAV:
Common collective funds:
United States equity42.3 
International equity25.5 
Fixed income238.4 
Total common collective funds$306.2 
Total investments at fair value$386.5 
Schedule of Estimated Future Benefit Payments
The estimated future benefit payments for our pension plans are as follows:
(In millions)Pension Benefits
2026$38.5 
202735.9 
202836.2 
202936.1 
203035.8 
2031 through 2035148.7 
Schedule of Contributions to Retirement Savings Plan
Following are our contributions to the RSP:
(In millions)202520242023
Retirement savings match$12.8 $11.8 $11.9