EMPLOYEE BENEFIT PLANS EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2019

Retirement Benefits [Abstract]

Summary of estimated future benefit payments

Following is a summary, as of December 31, 2019, of the estimated future benefit payments for our foreign and domestic pension plans and our domestic postretirement plan in each of the next five fiscal years and in the aggregate for five fiscal years thereafter. Benefit payments are paid from plan assets or directly by us for our unfunded plans.

	Foreign Pension Benefits		Domestic Pension Benefits		Domestic Postretirement Benefits
2020	$	2.4	$	—	$	0.1
2021	2.6		—		0.1
2022	2.1		—		0.1
2023	2.3		—		0.1
2024	2.3		—		0.1
Subsequent five years	13.3		2.8		0.6

Schedule of change in projected benefit obligation

The following tables show the foreign and domestic pension plans’ funded status and amounts recognized in our consolidated balance sheets:

	Foreign Pension Plans				Domestic Pension Plan				Domestic Postretirement Plan
	2019		2018		2019		2018		2019		2018
Change in projected benefit obligation:
Projected benefit obligation - beginning of year	$	47.3	$	46.1	$	10.7	$	9.8	$	4.0	$	4.3
Service cost	0.8		0.6		—		1.0		0.1		0.1
Interest cost	0.7		0.7		0.2		0.3		0.2		0.2
Actuarial losses (gains)	4.5		(1.9)		0.7		(0.3)		0.4		(0.4)
Benefits paid	(2.4)		(2.5)		(6.3)		—		(0.1)		—
Recognition of plans previously accounted for as defined contribution plans	—		6.1		—		—		—		—
Curtailment gains	—		—		—		(0.1)		—		(0.2)
Foreign exchange and other	(0.9)		(1.8)		—		—		—		—
Projected benefit obligation - end of year	$	50.0	$	47.3	$	5.3	$	10.7	$	4.6	$	4.0

Schedule of change in plan assets and amounts recognized in consolidated and combined balance sheets

	Foreign Pension Plans				Domestic Pension Plan				Domestic Postretirement Plan
	2019		2018		2019		2018		2019		2018
Change in plan assets:
Fair value of plan assets - beginning of year	$	6.1	$	0.7	$	—	$	—	$	—	$	—
Actual return on plan assets	0.3		—		—		—		—		—
Contributions (employer and employee)	0.6		0.3		—		—		—		—
Benefits paid	(0.3)		(0.3)		—		—		—		—
Recognition of plans previously accounted for as defined contribution plans	—		5.5		—		—		—		—
Foreign exchange and other	(0.1)		(0.1)		—		—		—		—
Fair value of plan assets - end of year	$	6.6	$	6.1	$	—	$	—	$	—	$	—
Funded status at year-end	(43.4)		(41.2)		(5.3)		(10.7)		(4.6)		(4.0)
Amounts recognized in the consolidated balance sheets consist of:
Accrued expenses	(2.0)		(2.0)		—		(6.2)		(0.1)		(0.1)
Other long-term liabilities	(41.4)		(39.2)		(5.3)		(4.5)		(4.5)		(3.9)
Net amount recognized	$	(43.4)	$	(41.2)	$	(5.3)	$	(10.7)	$	(4.6)	$	(4.0)
Amount recognized in accumulated other comprehensive loss (pre-tax) consists of net prior service costs	$	0.1	$	0.1	$	—	$	—	$	—	$	—

Schedule of net periodic pension benefit expense components

Net periodic pension benefit expense (income) for our foreign and domestic pension plans and domestic postretirement plan included the following components:

	Year ended December 31, (1)
	Foreign Pension Plans						Domestic Pension Plan						Domestic Postretirement Plan
	2019		2018		2017		2019		2018		2017		2019		2018		2017
Service cost(2)	$	0.8	$	0.6	$	0.4	$	—	$	1.0	$	0.7	$	0.1	$	0.1	$	0.1
Interest cost	0.7		0.7		0.8		0.2		0.3		0.3		0.2		0.2		0.1
Expected return on plan assets	(0.2)		(0.1)		(0.1)		—		—		—		—		—		—
Curtailment gains(3)	—		—		(1.1)		—		(0.1)		—		—		(0.2)		—
Recognized net actuarial losses (gains)(4)	4.4		(1.3)		(1.6)		0.7		(0.3)		0.5		0.4		(0.4)		0.2
Total net periodic pension/postretirement benefit expense (income)	$	5.7	$	(0.1)	$	(1.6)	$	0.9	$	0.9	$	1.5	$	0.7	$	(0.3)	$	0.4

(1)Service cost is classified in “Selling, general and administrative” expense and all other components of net periodic pension and postretirement expense (income) are classified in “Other income (expense), net” in our accompanying consolidated statements of operations for each year presented.

(2)Service cost in 2018 of the domestic pension plan includes $0.2 related to the accelerated vesting of a year of service credit related to the resignation of a former participant in the plan during the fourth quarter of 2018.

(3)Curtailment gains in 2018 of the domestic pension and postretirement plans are related to the resignation during the fourth quarter of 2018 of a former participant in those plans. Curtailment gain in 2017 of the foreign pension plans is related to the cessation of accrual of future benefits by participants in a defined benefit pension plan in the Netherlands during the first quarter. The accumulated obligations for future pension payments to participants in this plan were also transferred to an insurance company at that time. Under the agreement, the insurance company irrevocably assumed the obligation to make future pension payments to the approximately 60 participants of the plan.

(4)Consists of reported actuarial losses (gains) and the difference between actual and expected returns on plan assets. For 2019, the amount related to the domestic pension plan also includes a $0.2 charge related to the effects of a partial settlement and remeasurement of that plan, resulting from the lump sum payment of a former officer’s pension obligation during the year. For 2018, the amount related to foreign pension plans also includes a cumulative charge of $0.6 related to a change in the accounting for certain foreign benefit plans from defined contribution plans to defined benefit plans. These plans include approximately 50 active participants.

Schedule of actuarial assumptions used

Actuarial assumptions used in accounting for our foreign pension plans and domestic nonqualified pension plan, were as follows:

	Year ended December 31,
	Foreign Pension Plans						Domestic Pension Plan
	2019		2018		2017		2019		2018		2017
Weighted-average actuarial assumptions used in determining net periodic pension expense:
Discount rate	1.52	%	1.51	%	1.54	%	4.11	%	3.49	%	3.82	%
Rate of increase in compensation levels	2.71	%	2.50	%	2.68	%	N/A		2.50	%	2.50	%
Expected long-term rate of return on assets	3.37	%	1.00	%	1.82	%	N/A		N/A		N/A
Weighted-average actuarial assumptions used in determining year-end benefit obligations:
Discount rate	0.76	%	1.52	%	1.51	%	2.92	%	4.11	%	3.49	%
Rate of increase in compensation levels	2.72	%	2.71	%	2.50	%	N/A		N/A		2.50	%

Actuarial assumptions used in accounting for our domestic postretirement plan were as follows:

	Year ended December 31,
	2019		2018		2017
Assumed health care cost trend rates:
Health care cost trend rate for next year	6.75	%	7.00	%	7.25	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	5.00	%	5.00	%	5.00	%
Year that the rate reaches the ultimate trend rate	2027		2027		2027
Discount rate used in determining net periodic postretirement benefit expense	4.55	%	3.79	%	4.32	%
Discount rate used in determining year-end postretirement benefit obligation	3.72	%	4.55	%	3.79	%