Pension Plans (Tables)

12 Months Ended

Dec. 31, 2019

Retirement Benefits [Abstract]

Schedule of the Funded Status of the Non-U.S. Plans

The following sets forth the funded status of our plans as of the most recent actuarial valuations using measurement dates of December 31 ($ in millions):

	U.S. Pension Benefits						Non-U.S. Pension Benefits
	2019			2018			2019			2018
Change in pension benefit obligation:
Benefit obligation at beginning of year	$	30.9		$	33.7		$	274.3		$	300.8
Service cost	—			—			2.3			1.3
Interest cost	1.3			1.2			5.7			5.7
Employee contributions	—			—			0.9			0.2
Benefits paid and other	(1.2		)	(1.3		)	(8.7		)	(9.5		)
Plan acquisitions	—			—			25.1			—
Actuarial loss (gain)	4.2			(2.7		)	39.3			(7.0		)
Amendments, settlements and curtailments	—			—			(0.6		)	(3.0		)
Foreign exchange rate impact	—			—			1.2			(14.2		)
Benefit obligation at end of year	35.2			30.9			339.5			274.3
Change in plan assets:
Fair value of plan assets at beginning of year	23.3			25.8			156.5			172.2
Actual return on plan assets	3.9			(1.2		)	20.5			(3.1		)
Employer contributions	0.5			—			10.9			9.8
Employee contributions	—			—			0.9			0.2
Amendments and settlements	—			—			(2.7		)	(4.4		)
Benefits paid and other	(1.2		)	(1.3		)	(8.7		)	(9.5		)
Plan acquisitions	—			—			17.8			—
Foreign exchange rate impact	—			—			2.4			(8.7		)
Fair value of plan assets at end of year	26.5			23.3			197.6			156.5
Funded status	$	(8.7	)	$	(7.6	)	$	(141.9	)	$	(117.8	)

Schedule of Weighted Average Assumptions Used

Weighted average assumptions used to determine net periodic pension cost at date of measurement

	U.S. Pension Plans						Non-U.S. Pension Plans
	2019		2018		2017		2019		2018		2017
Discount rate	4.40	%	3.73	%	3.83	%	2.30	%	2.16	%	2.12	%
Expected return on plan assets	5.75	%	5.75	%	5.75	%	3.50	%	3.48	%	3.54	%
Rate of compensation increase	N/A		N/A		N/A		2.63	%	2.39	%	3.03	%

Weighted average assumptions used to determine benefit obligations at date of measurement

	U.S. Pension Plans				Non-U.S. Pension Plans
	2019		2018		2019		2018
Discount rate	3.37	%	4.40	%	1.41	%	2.30	%
Rate of compensation increase	N/A		N/A		2.47	%	2.63	%

Schedule of Net Periodic Pension Costs

Components of net periodic pension cost

The following sets forth the components of net periodic pension cost for our plans for the years ended December 31 ($ in millions):

	U.S. Pension Benefits									Non-U.S. Pension Benefits
	2019			2018			2017			2019			2018			2017
Service cost	$	—		$	—		$	—		$	2.3		$	1.3		$	3.5
Interest cost	1.3			1.2			0.3			5.7			5.7			5.8
Expected return on plan assets	(1.3		)	(1.4		)	(0.3		)	(5.9		)	(5.8		)	(6.2		)
Amortization of net loss	—			—			—			2.9			2.6			3.8
Net curtailment and settlement loss recognized	—			—			—			0.2			1.0			0.9
Net periodic pension cost	$	—		$	(0.2	)	$	—		$	5.2		$	4.8		$	7.8

Schedule of Fair Value of Pension Plan Assets

The fair values of our pension plan assets as of December 31, 2019, by asset category were as follows ($ in millions): 

	Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Cash and equivalents	$	3.4	$	—	$	—	$	3.4
Equity securities:
Common stock	7.3		—		—		7.3
Preferred stock	1.7		—		—		1.7
Fixed income securities:
Corporate bonds	—		8.5		—		8.5
Government issued	—		2.7		—		2.7
Mutual funds	—		30.7		—		30.7
Insurance contracts	—		1.9		—		1.9
Total	$	12.4	$	43.8	$	—	$	56.2
Investments measured at NAV(a):
Mutual funds							155.9
Other private investments							12.0
Total assets at fair value							$	224.1
(a) The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total fair value of plan assets.

The fair values of our pension plan assets as of December 31, 2018, by asset category were as follows ($ in millions):

	Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Cash and equivalents	$	2.7	$	—	$	—	$	2.7
Fixed income securities:
Corporate bonds	—		0.4		—		0.4
Mutual funds	—		8.1		—		8.1
Insurance contracts	—		1.8		—		1.8
Total	$	2.7	$	10.3	$	—	$	13.0
Investments measured at NAV(a):
Mutual funds							165.6
Other private investments							1.2
Total assets at fair value							$	179.8
(a) The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total fair value of plan assets.

Schedule of Expected Benefit Payments

The following sets forth benefit payments to participants, which reflect expected future service, as appropriate, expected to be paid by the plans in the periods indicated ($ in millions):

	U.S. Pension Plans		Non-U.S. Pension Plans		All Pension Plans
2020	$	1.5	$	11.4	$	12.9
2021	1.5		11.9		13.4
2022	1.6		13.2		14.8
2023	1.7		12.2		13.9
2024	1.8		12.8		14.6
2025-2029	9.5		66.4		75.9