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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plans Disclosures
The following tables summarize the change in benefit obligations, change in plan assets, and funded status associated with the Company's significant defined benefit plans and the amounts recognized in the consolidated balance sheets at December 31, 2023 and 2022:
 
Qualified Defined Benefits
Non-Qualified Supplemental Benefits
 
U.S. Plan
Non-U.S. Plans
 202320222023202220232022
Change in benefit obligation:      
Benefit obligation at beginning of year$319,901 $478,346 $215,317 $314,715 $32,503 $42,905 
Service cost
2,867 5,703 3,712 4,675 970 1,426 
Interest cost17,203 13,745 10,591 5,220 1,636 1,215 
Plan participants' contributions— — 2,251 2,186 — — 
Benefits paid(17,701)(17,680)(11,953)(9,756)(6,582)(3,831)
Actuarial loss (gain)(1)
22,384 (126,985)16,884 (72,977)662 (9,596)
Amendments— — 41 (2,291)— 384 
Settlements and curtailments(25,348)(33,228)(1,116)(8,849)— — 
Currency translation and other— — 14,302 (17,606)— — 
Benefit obligation at end of year319,306 319,901 250,029 215,317 29,189 32,503 
Change in plan assets:      
Fair value of plan assets at beginning of year394,053 573,100 152,860 219,677 — — 
Actual return on plan assets40,633 (125,011)11,935 (48,147)— — 
Company contributions— — 9,516 9,059 6,582 3,831 
Plan participants' contributions— — 2,251 2,186 — — 
Benefits paid(17,701)(17,680)(11,953)(9,756)(6,582)(3,831)
Settlements and curtailments(24,466)(36,356)(298)(8,640)— — 
Currency translation and other— — 11,454 (11,519)— — 
Fair value of plan assets at end of year392,519 394,053 175,765 152,860 — — 
Funded (Unfunded) status
$73,213 $74,152 $(74,264)$(62,457)$(29,189)$(32,503)
Amounts recognized in the consolidated balance sheets consist of:
    
Assets and Liabilities:      
Other assets and deferred charges$73,213 $74,152 $1,938 $1,863 $— $— 
Accrued compensation and employee benefits— — (731)(1,774)(5,477)(7,243)
Liabilities held for sale (2)
— — (18,044)— — — 
Defined benefit and other post-retirement benefit plans
— — (57,427)(62,546)(23,712)(25,260)
Total assets (liabilities)
73,213 74,152 (74,264)(62,457)(29,189)(32,503)
Accumulated Other Comprehensive Loss (Earnings):
Net actuarial losses (gains)57,870 55,227 42,926 31,607 (24,435)(28,304)
Prior service cost (credit)— — (2,222)(3,006)— 1,874 
Tax (benefit) expense(12,075)(11,474)(8,947)(6,434)5,313 5,768 
Total accumulated other comprehensive loss (earnings), net of tax
45,795 43,753 31,757 22,167 (19,122)(20,662)
Net amount recognized at December 31,$119,008 $117,905 $(42,507)$(40,290)$(48,311)$(53,165)
Accumulated benefit obligations$319,306 $318,275 $242,619 $210,259 $29,189 $31,523 
(1) The actuarial loss (gain) were primarily due to discount rate fluctuations and plan experience.
(2) De-Sta-Co assets and liabilities are classified as held for sale as of December 31, 2023. See Note 4 — Dispositions for further details.
Schedule of Projected Benefit Obligations and Accumulated Benefit Obligations in Excess of Plan Assets
Non-U.S. pension plans with accumulated benefit obligations in excess of plan assets consist of the following at December 31, 2023 and 2022:
 20232022
Accumulated benefit obligation$227,442 $124,082 
Fair value of plan assets158,653 64,112 

Non-U.S. pension plans with projected benefit obligations in excess of plan assets consist of the following at December 31, 2023 and 2022:
 20232022
Projected benefit obligation$234,854 $200,671 
Fair value of plan assets158,653 136,351 
Schedule of Net Periodic Benefit Costs
Components of the net periodic benefit cost were as follows: 

Defined Benefit Plans
 Qualified Defined Benefits  Non-Qualified Supplemental Benefits
 U.S. PlanNon-U.S. Plans
 202320222021202320222021202320222021
Service cost$2,867 $5,703 $7,134 $3,712 $4,675 $5,749 $970 $1,426 $1,561 
Interest cost17,203 13,745 13,605 10,591 5,220 3,590 1,636 1,215 1,232 
Expected return on plan assets(26,208)(29,104)(28,980)(7,331)(7,191)(7,188)— — — 
Amortization of:
Prior service cost (credit)— 110 212 (717)(526)(453)1,874 1,490 1,531 
Actuarial loss (gain)
— 2,300 10,012 656 1,747 3,938 (3,207)(2,016)(1,672)
Settlement and curtailment loss (gain)4,434 6,276 2,031 (801)(393)194 — — (743)
Net periodic (benefit) expense$(1,704)$(970)$4,014 $6,110 $3,532 $5,830 $1,273 $2,115 $1,909 
Schedule of Weighted-Average Assumptions Used in Benefit Obligations The weighted average assumptions used in determining the benefit obligations were as follows:
 Qualified Defined BenefitsNon-Qualified Supplemental Benefits
 U.S. PlanNon-U.S. Plans
 202320222023202220232022
Discount rate5.20 %5.55 %2.80 %3.57 %5.15 %5.50 %
Average wage increase4.00 %4.00 %1.65 %1.70 %4.50 %4.50 %
Schedule of Weighted-Average Assumptions Used Calculating Net Periodic Cost
The weighted average assumptions used in determining the net periodic benefit cost were as follows:
 Qualified Defined BenefitsNon- Qualified Supplemental Benefits
 U.S. PlanNon-U.S. Plans
 202320222021202320222021202320222021
Discount rate5.55 %2.95 %2.65 %3.57 %1.18 %0.79 %5.50 %2.90 %2.45 %
Average wage increase4.00 %4.00 %4.00 %1.67 %1.53 %1.51 %4.50 %4.50 %4.50 %
Expected return on plan assets5.60 %5.60 %5.60 %4.69 %3.47 %3.40 %
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Schedule of Weighted-Average Asset Allocation Actual and Target
The Company's actual and target weighted average asset allocation for our U.S. Qualified Defined Benefits Plan was as follows:
20232022Current Target
Return-seeking investments28 %27 %30 %
Liability hedging investments72 %73 %70 %
Other— %— %— %
Total100 %100 %100 %
Schedule of Plan Assets by Asset Category
The fair values of both U.S. and non-U.S. pension plan assets by asset category within the fair value hierarchy (as defined in Note 13 — Financial Instruments) were as follows:
 
U.S. Qualified Defined Benefits Plan
 December 31, 2023December 31, 2022
 
Level 1
Level 2
Total Fair Value
Level 1
Level 2
Total Fair Value
Corporate bonds$— $215,631 $215,631 $— $201,203 $201,203 
Government securities— 52,862 52,862 — 56,978 56,978
Interest-bearing cash and short-term investments3,901 — 3,901 2,900 — 2,900
Total investments at fair value$3,901 $268,493 272,394 $2,900 $258,181 261,081
Investments measured at net asset value*
Collective funds110,582 106,273 
Short-term investment funds9,543 26,699 
Total investments$392,519 $394,053 

 
Non-U.S. Plans
 December 31, 2023December 31, 2022
 
Level 1
Level 2
Level 3
Total Fair Value
Level 1
Level 2
Level 3
Total Fair Value
Common stocks$54,557 $— $— $54,557 $46,618 $— $— $46,618 
Fixed income investments— 32,421 — 32,421 — 25,168 — 25,168 
Mutual funds20,628 — — 20,628 20,031 — — 20,031 
Cash and cash equivalents2,237 — — 2,237 909 — — 909 
Other— 499 18,652 19,151 — 996 16,294 17,290 
Total investments at fair value$77,422 $32,920 $18,652 128,994 $67,558 $26,164 $16,294 110,016 
Investments measured at net asset value*
Collective funds41,502 39,675 
Other5,269 3,169 
 Total investments$175,765 $152,860 
* In accordance with Fair Value Measurement Topic 820 (Subtopic 820-10), certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient were not classified in the fair value hierarchy. These are included to permit reconciliation of the fair value hierarchy to the aggregate pension plan assets.
Schedule of Measurement of Plan Assets use Significant Unobservable Inputs
The fair value measurement of plan assets using significant unobservable inputs (Level 3) changed during 2022 and 2023, due to the following:
Level 3
Balance at December 31, 2021$20,252 
Actual return on plan assets:
Relating to assets still held at December 31, 2022(382)
Relating to assets sold during the period— 
Purchases1,852 
Sales and settlements(4,808)
Foreign currency translation(620)
Balance at December 31, 202216,294 
Actual return on plan assets:
Relating to assets still held at December 31, 2023(417)
Relating to assets sold during the period(17)
Purchases1,746 
Sales and settlements(346)
Foreign currency translation1,392 
Balance at December 31, 2023$18,652 
Schedule of Expected Future Benefit Payments
Benefit Payments

Estimated future benefit payments to retirees, which reflect expected future service except to the extent frozen, are as follows:
 Qualified Defined BenefitsNon-Qualified Supplemental Benefits
 U.S. PlanNon-U.S. Plans
2024$30,930 $11,964 $5,616 
202529,031 11,379 2,366 
202627,631 12,489 4,626 
202726,842 15,279 1,841 
202825,629 14,037 5,795 
2029 - 2033115,629 71,276 10,268