Retirement Plans and Other Post-Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2019

Compensation And Retirement Disclosure [Abstract]

Schedule of Change in Benefit Obligation and Plan Assets

	Pension Benefits						Other Benefits
In millions	2019			2018			2019			2018
Change in Benefit Obligation
Balance at beginning of year	$	332.2		$	347.0		$	9.2		$	9.7
Service cost		1.3			2.3			—			0.1
Interest cost		11.5			13.3			0.3			0.5
Plan amendments		(0.2	)		0.1			—			—
Participant contributions		—			—			0.9			1.2
Transfers from Discontinued Operations		4.3			25.7			—			4.3
Actuarial (gain)/loss		29.2			(10.6	)		(0.3	)		(3.1	)
Special termination benefits		1.3			—			—			—
Benefits paid		(22.3	)		(45.1	)		(3.0	)		(3.5	)
Curtailment		(1.9	)		—			(0.6	)		—
Settlement/transfer		(309.5	)		—			—			—
Effect of currency rate changes		(0.2	)		(0.5	)		—			—
Balance at end of year	$	45.7		$	332.2		$	6.5		$	9.2
Change in Plan Assets
Fair value of plan assets at beginning of year	$	333.2		$	372.8		$	—		$	—
Actual return on plan assets		44.1			(22.4	)		—			—
Total contributions		2.2			2.2			3.0			3.5
Transfers from Discontinued    Operations		5.7			25.7			—			—
Benefits paid		(22.3	)		(45.1	)		(3.0	)		(3.5	)
Settlement/transfer		(309.5	)		—			—			—
Fair value of plan assets at end    of year		53.4			333.2			—			—
Funded status at end of year	$	7.7		$	1.0		$	(6.5	)	$	(9.2	)

Summary of Amounts Recognized in Consolidated Balance Sheets

Amounts presented under the caption “transfers from discontinued operations” represent the impact of employees changing their status from what was originally assumed for purposes of accounting for discontinued operations to the final determination in accordance with the sale agreement.

The fair value of plan assets presented above consist entirely of the amounts discussed above and remaining in the qualified plan trust account. The non-qualified plans have an unfunded projected benefit obligation of $45.7 million.

Amounts recognized in the consolidated balance sheets consist of the following as of December 31:

	Pension Benefits						Other Benefits
In millions	2019			2018			2019			2018
Cash and cash equivalents	$	53.4		$	—		$	—		$	—
Other assets		—			43.3			—			—
Current liabilities		(2.3	)		(2.1	)		(1.4	)		(2.4	)
Other long-term liabilities		(43.4	)		(40.2	)		(5.1	)		(6.8	)
Net amount recognized	$	7.7		$	1.0		$	(6.5	)	$	(9.2	)

Components of Amounts Recognized as Accumulated Other Comprehensive Income on Pre-Tax Basis

The components of amounts recognized as “Accumulated other comprehensive income” consist of the following on a pre-tax basis:

	Pension Benefits				Other Benefits
In millions	2019		2018		2019		2018
Prior service cost/(credit)	$	0.1	$	0.5	$	0.6	$	—
Net actuarial loss		4.2		90.9		1.4		1.9

Weighted-Average Assumptions Used in Computing Benefit Obligations

The weighted-average assumptions used in computing the benefit obligations above were as follows:

	Pension Benefits						Other Benefits
	2019			2018			2019			2018
Discount rate – benefit obligation		2.70	%		4.34	%		3.11	%		4.19	%
Future compensation growth rate		—			2.50			—			—

Information for Pension Plans with Accumulated Benefit Obligation in Excess of Plan Assets

Information for pension plans with an accumulated benefit obligation in excess of plan assets was as follows:

In millions	2019		2018
Projected benefit obligation	$	45.7	$	42.2
Accumulated benefit obligation		45.7		36.6
Fair value of plan assets		—		—

Schedule of Net Periodic Benefit Cost of Pension and Other Benefits

Net periodic benefit cost includes the following components:

	Year Ended December 31
In millions	2019			2018			2017
Pension Benefits
Service cost	$	1.3		$	2.3		$	2.0
Interest cost		11.5			13.3			13.7
Expected return on plan assets		(13.7	)		(21.1	)		(22.2	)
Amortization of prior service cost		0.2			—			—
Amortization of actuarial loss		2.8			7.1			7.1
Termination benefits		1.3			—			—
One-time settlement charge		75.3			—			—
Total net periodic benefit cost	$	78.7		$	1.6		$	0.6
Other Benefits
Service cost	$	—		$	0.1		$	0.1
Interest cost		0.3			0.5			0.4
Amortization of actuarial loss		(0.9	)		(0.3	)		—
Total net periodic benefit cost	$	(0.6	)	$	0.3		$	0.5

Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss)

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) were as follows:

	Year Ended December 31
In millions	2019			2018
Pension Benefits
Actuarial (gain) loss	$	(5.2	)	$	32.9
Plan amendments		(0.2	)		0.1
Recognized prior service costs		(0.2	)		—
Recognized actuarial losses		(78.1	)		(7.1	)
Total recognized in other comprehensive (income) loss		(83.7	)		25.9
Total recognized in net periodic benefit cost and    other comprehensive loss	$	(5.0	)	$	27.5
Other Benefits
Actuarial (gain) loss	$	(0.3	)	$	(3.1	)
Amortization of actuarial losses		0.9			0.3
Total recognized in other comprehensive    (income) loss		0.6			(2.8	)
Total recognized in net periodic benefit cost and    other comprehensive (income) loss	$	-		$	(2.5	)

Schedule of Defined Benefit Plan Weighted-Average Assumptions Used in Computing Net Periodic Benefit Cost

The weighted-average assumptions used in computing the net periodic benefit cost information above were as follows:

	Year Ended December 31
	2019			2018			2017
Pension Benefits
Discount rate – benefit expense		4.34	%		3.85	%		4.44	%
Future compensation growth rate		2.50			3.00			3.00
Expected long-term rate of return on plan assets		4.50			7.25			7.25
Other Benefits
Discount rate – benefit expense		4.19	%		3.68	%		4.18	%

Schedule of Health Care Cost Trend Rates Used in Calculating Benefit Obligations

Assumed health care cost trend rates used to determine benefit obligations at December 31 were as follows:

	2019			2018
Health care cost trend rate assumed for next year		5.60	%		5.90	%
Rate to which the cost trend rate is assumed to    decline (the ultimate trend rate)		4.50			4.50
Year that the rate reaches the ultimate rate	2037			2037

Schedule of Fair Value of Benefit Plan Assets

The table below presents the fair values of our benefit plan assets as of December 31, 2018 by level within the fair value hierarchy, as described in Note 2:

	December 31, 2018
In millions	Total		Level 1		Level 2		Level 3
Fixed income	$	330.9	$	41.8	$	289.1	$	—
Cash and equivalents		2.3		—		2.3		—
Total	$	333.2	$	41.8	$	291.4	$	—

Benefit Payments Expected to be Made under Non-Qualified Pension Plans and Other Benefit Plans

Benefit payments expected to be made in 2020 under our non-qualified pension plans and other benefit plans are summarized below:

In thousands
Nonqualified pension plans	$	2,290
Other benefit plans		1,453

Summary of Benefit Expected to be Paid Out

The following benefit payments under all pension and other benefit plans are expected to be paid:

In thousands	Pension Benefits		Other Benefits
2020	$	2,290	$	1,453
2021		2,190		973
2022		2,134		698
2023		2,076		538
2024		2,016		471
2025 through 2029		24,071		1,724