XML 96 R80.htm IDEA: XBRL DOCUMENT v3.22.0.1
Pension and Postretirement Benefits - Changes in Benefit Obligations and Plan Assets (Details) - USD ($)
$ in Millions
1 Months Ended 12 Months Ended
Feb. 07, 2019
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Change in plan assets:        
Fair value of plan assets at beginning of year   $ 1,620.4    
Fair value of plan assets at end of year   1,696.4 $ 1,620.4  
Amounts recorded in the consolidated balance sheets:        
Prepaid pension assets   36.6 4.3  
Long-term pension and postretirement benefits   (178.4) (291.5) [1]  
Pension plans        
Change in benefit obligation:        
Benefit obligation at beginning of year   (1,900.3) (1,770.3)  
Service cost $ (0.3) (5.2) (1.8) $ (1.5)
Interest cost (6.8) (27.4) (42.2) (47.2)
Benefits paid   94.1 86.8  
Acquisitions   (87.4) 0.0  
Plan amendment   0.3  
Settlement   0.1 7.7  
Plan participants' contributions   (0.9) (0.1)  
Actuarial (loss) gain   85.3 (168.9)  
Effect of changes in foreign currency exchange rates   9.0 (11.5)  
Benefit obligation at end of year   (1,832.4) (1,900.3) (1,770.3)
Change in plan assets:        
Fair value of plan assets at beginning of year   1,620.4 1,570.9  
Actual return on plan assets   143.7 128.0  
Acquisitions   22.0 0.0  
Employer contributions   7.5 5.3  
Plan participants' contributions   0.9 0.1  
Benefits paid   (94.1) (86.8)  
Settlement   0.0 (7.7)  
Effect of changes in foreign currency exchange rates   (4.0) 10.6  
Fair value of plan assets at end of year   1,696.4 1,620.4 1,570.9
Net funded status of plan   (136.0) (279.9)  
Amounts recorded in the consolidated balance sheets:        
Prepaid pension assets   36.6 4.3  
Short-term pension and postretirement benefits   (1.2) (0.4)  
Long-term pension and postretirement benefits   (171.4) (283.8)  
Net amount recognized   (136.0) (279.9)  
Accumulated benefit obligation   1,819.3 1,890.6  
Amount recognized in accumulated other comprehensive loss consists of:        
Actuarial loss (gain)   14.5 161.9  
Prior service cost (credit)   0.1 0.5  
Total amount recognized - pretax   14.6 162.4  
Postretirement benefit obligations        
Change in benefit obligation:        
Benefit obligation at beginning of year   (1.6) (2.0)  
Service cost 0.0 0.0 0.0 0.0
Interest cost $ 0.0 0.0 0.0 (0.1)
Benefits paid   0.2 0.8  
Acquisitions   0.0 0.0  
Plan amendment    
Settlement   0.0 0.0  
Plan participants' contributions   0.0 (0.1)  
Actuarial (loss) gain   0.1 (0.3)  
Effect of changes in foreign currency exchange rates   0.0 0.0  
Benefit obligation at end of year   (1.3) (1.6) (2.0)
Change in plan assets:        
Fair value of plan assets at beginning of year   0.0 0.0  
Actual return on plan assets   0.0 0.0  
Acquisitions   0.0 0.0  
Employer contributions   0.2 0.7  
Plan participants' contributions   0.0 0.1  
Benefits paid   (0.2) (0.8)  
Settlement   0.0 0.0  
Effect of changes in foreign currency exchange rates   0.0 0.0  
Fair value of plan assets at end of year   0.0 0.0 $ 0.0
Net funded status of plan   (1.3) (1.6)  
Amounts recorded in the consolidated balance sheets:        
Prepaid pension assets   0.0 0.0  
Short-term pension and postretirement benefits   (0.2) (0.2)  
Long-term pension and postretirement benefits   (1.1) (1.4)  
Net amount recognized   (1.3) (1.6)  
Amount recognized in accumulated other comprehensive loss consists of:        
Actuarial loss (gain)   0.1 0.2  
Prior service cost (credit)   (2.2) (2.6)  
Total amount recognized - pretax   $ (2.1) $ (2.4)  
[1] See discussion in Note 1 - Basis of Presentation and Description of Business for further detail regarding the elimination of the International lag reporting.