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Retirement and Postretirement Plans (Tables)
6 Months Ended
Jun. 30, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Schedule of Defined Benefit Plans Disclosures

The components of net periodic benefit cost (income) for the three months ended June 30, 2022 were as follows:

 

 

Pension

 

 

 

 

 

 

 

 

 

United States of America

 

 

United Kingdom

 

 

Mexico

 

 

 

 

 

 

 

 

 

Bargaining
Plan

 

 

Salaried
Plan

 

 

Supplemental
Plan

 

 

Pension
Scheme

 

 

Pension
Plan

 

 

Total
Pension

 

 

Postretirement
Plans

 

Service cost

 

$

4.1

 

 

$

0.1

 

 

$

 

 

$

 

 

$

 

 

$

4.2

 

 

$

0.3

 

Interest cost

 

 

7.5

 

 

 

1.6

 

 

 

0.2

 

 

 

0.4

 

 

 

 

 

 

9.7

 

 

 

0.9

 

Expected return on plan assets

 

 

(14.4

)

 

 

(1.3

)

 

 

 

 

 

(0.9

)

 

 

 

 

 

(16.6

)

 

 

(0.9

)

Amortization of prior service cost

 

 

0.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.3

 

 

 

(1.5

)

Net remeasurement losses (gains)

 

 

(44.8

)

 

 

9.3

 

 

 

 

 

 

 

 

 

 

 

 

(35.5

)

 

 

 

Net Periodic Benefit Cost (Income)

 

$

(47.3

)

 

$

9.7

 

 

$

0.2

 

 

$

(0.5

)

 

$

 

 

$

(37.9

)

 

$

(1.2

)

The components of net periodic benefit cost (income) for the three months ended June 30, 2021 were as follows:

 

 

Pension

 

 

 

 

 

 

 

 

 

United States of America

 

 

United Kingdom

 

 

Mexico

 

 

 

 

 

 

 

 

 

Bargaining
Plan

 

 

Salaried
Plan

 

 

Supplemental
Plan

 

 

Pension
Scheme

 

 

Pension
Plan

 

 

Total
Pension

 

 

Postretirement
Plans

 

Service cost

 

$

4.2

 

 

$

0.1

 

 

$

 

 

$

 

 

$

 

 

$

4.3

 

 

$

0.3

 

Interest cost

 

 

7.1

 

 

 

1.6

 

 

 

0.2

 

 

 

0.3

 

 

 

 

 

 

9.2

 

 

 

0.8

 

Expected return on plan assets

 

 

(12.9

)

 

 

(3.0

)

 

 

 

 

 

(0.8

)

 

 

 

 

 

(16.7

)

 

 

(0.9

)

Amortization of prior service cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.5

)

Net remeasurement losses (gains)

 

 

 

 

 

(0.7

)

 

 

 

 

 

 

 

 

 

 

 

(0.7

)

 

 

 

Net Periodic Benefit Cost (Income)

 

$

(1.6

)

 

$

(2.0

)

 

$

0.2

 

 

$

(0.5

)

 

$

 

 

$

(3.9

)

 

$

(1.3

)

 

The components of net periodic benefit cost (income) for the six months ended June 30, 2022 were as follows:

 

 

Pension

 

 

 

 

 

 

 

 

 

United States of America

 

 

United Kingdom

 

 

Mexico

 

 

 

 

 

 

 

 

 

Bargaining
Plan

 

 

Salaried
Plan

 

 

Supplemental
Plan

 

 

Pension
Scheme

 

 

Pension
Plan

 

 

Total
Pension

 

 

Postretirement
Plans

 

Service cost

 

$

8.2

 

 

$

0.2

 

 

$

 

 

$

 

 

$

 

 

$

8.4

 

 

$

0.6

 

Interest cost

 

 

15.0

 

 

 

3.0

 

 

 

0.3

 

 

 

0.8

 

 

 

 

 

 

19.1

 

 

 

1.7

 

Expected return on plan assets

 

 

(28.8

)

 

 

(2.8

)

 

 

 

 

 

(1.8

)

 

 

 

 

 

(33.4

)

 

 

(1.8

)

Amortization of prior service cost

 

 

0.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.6

 

 

 

(3.0

)

Net remeasurement losses (gains)

 

 

(44.8

)

 

 

5.3

 

 

 

(2.5

)

 

 

 

 

 

 

 

 

(42.0

)

 

 

 

Net Periodic Benefit Cost (Income)

 

$

(49.8

)

 

$

5.7

 

 

$

(2.2

)

 

$

(1.0

)

 

$

 

 

$

(47.3

)

 

$

(2.5

)

The components of net periodic benefit cost (income) for the six months ended June 30, 2021 were as follows:

 

 

Pension

 

 

 

 

 

 

 

 

 

United States of America

 

 

United Kingdom

 

 

Mexico

 

 

 

 

 

 

 

 

 

Bargaining
Plan

 

 

Salaried
Plan

 

 

Supplemental
Plan

 

 

Pension
Scheme

 

 

Pension
Plan

 

 

Total
Pension

 

 

Postretirement
Plans

 

Service cost

 

$

8.5

 

 

$

0.2

 

 

$

 

 

$

 

 

$

 

 

$

8.7

 

 

$

0.6

 

Interest cost

 

 

14.2

 

 

 

3.1

 

 

 

0.4

 

 

 

0.6

 

 

 

 

 

 

18.3

 

 

 

1.6

 

Expected return on plan assets

 

 

(25.8

)

 

 

(6.5

)

 

 

 

 

 

(1.6

)

 

 

 

 

 

(33.9

)

 

 

(1.8

)

Amortization of prior service cost

 

 

0.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.1

 

 

 

(3.0

)

Net remeasurement losses (gains)

 

 

 

 

 

(0.5

)

 

 

 

 

 

 

 

 

 

 

 

(0.5

)

 

 

 

Net Periodic Benefit Cost (Income)

 

$

(3.0

)

 

$

(3.7

)

 

$

0.4

 

 

$

(1.0

)

 

$

 

 

$

(7.3

)

 

$

(2.6

)