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Retirement Benefits (Tables)
 12 Months Ended
Dec. 31, 2020
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]  
Schedule of Changes in Benefit Obligation and the Plan Assets
The following table sets forth the reconciliation of beginning and ending balances of the benefit obligations and the plan assets for the Company’s defined benefit pension and other benefit plans at December 31, (in millions): 
 Pension BenefitsOther Benefits
 2020201920202019
Change in benefit obligation    
Benefit obligation at beginning of year$938.7 $844.3 $23.8 $26.1 
Service cost1.2 2.2 — 0.1 
Interest cost28.0 34.6 0.7 1.1 
Plan participants’ contributions— 0.4 — — 
Actuarial loss/(gain)89.6 107.0 0.2 (2.0)
Curtailment gain(0.1)— — — 
Settlements(24.7)— — — 
Currency impact5.1 3.6 — — 
Other— 0.1 — — 
Benefits paid(43.6)(53.5)(1.5)(1.5)
Benefit obligation at end of year$994.2 $938.7 $23.2 $23.8 
Change in plan assets
Fair value of plan assets at beginning of year$743.4 $670.1 $— $— 
Actual return on plan assets94.9 106.2 — — 
Employer contributions29.5 16.4 1.5 1.5 
Plan participants’ contributions— 0.4 — — 
Settlements(24.7)— — — 
Currency impact5.6 3.8 — — 
Benefits paid(43.6)(53.5)(1.5)(1.5)
Fair value of plan assets at end of year$805.1 $743.4 $— $— 
FUNDED STATUS$(189.1)$(195.3)$(23.2)$(23.8)
Amounts recognized in the consolidated balance sheet consist of:
Prepaid pensions (included in Other long-term assets)$16.4 $8.6 $— $— 
Accrued benefit liability (short-term and long-term)(205.5)(203.9)(23.2)(23.8)
NET AMOUNT RECOGNIZED IN THE CONSOLIDATED BALANCE SHEET$(189.1)$(195.3)$(23.2)$(23.8)
Amounts recognized in Accumulated other comprehensive loss (income) consist of:
Net actuarial loss$275.4 $263.4 $0.6 $0.3 
Prior service cost (credit)3.5 3.6 — (0.4)
NET AMOUNT RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE LOSS$278.9 $267.0 $0.6 $(0.1)
Summary of Accumulated Benefit Obligations in Excess of Plan Assets Information with respect to plans with accumulated benefit obligations in excess of plan assets is as follows, (in millions):
 20202019
Projected benefit obligation$865.1 $823.8 
Accumulated benefit obligation$865.1 $819.0 
Fair value of plan assets$659.5 $620.0 
Schedule of the Components of Pension and Other Benefit Costs
The following table sets forth the components of pension and other benefit costs for the years ended December 31, (in millions):
 Pension BenefitsOther Benefits
 202020192018202020192018
Components of net periodic benefit cost:      
Service cost$1.2 $2.2 $3.8 $— $0.1 $0.1 
Interest cost28.0 34.6 34.3 0.7 1.1 1.0 
Expected return on plan assets(33.9)(30.7)(33.5)— — — 
Amortization of prior service cost (credit)0.2 0.2 0.1 (0.4)(0.9)(0.8)
Amortization of actuarial losses (gains)9.8 9.6 10.5 (0.1)0.1 — 
Curtailment and settlement losses7.5 0.3 — — — — 
Net periodic benefit cost$12.8 $16.2 $15.2 $0.2 $0.4 $0.3 
Changes recognized in other comprehensive loss (income), before tax:
Current year net actuarial loss (gain)$28.6 $31.5 $(15.8)$0.1 $(2.0)$(0.4)
Current year prior service credit— — 2.0 — — — 
Amortization of prior service (cost) credit(0.2)(0.2)(0.1)0.4 0.9 1.0 
Amortization of net actuarial (losses) gains(9.8)(9.6)(10.5)0.1 (0.1)(0.2)
Currency impact0.1 0.7 (1.3)— — — 
Settlement adjustment(7.6)— — — — — 
Curtailment adjustments0.1 (0.3)— — — — 
Total recognized in other comprehensive loss11.2 22.1 (25.7)0.6 (1.2)0.4 
TOTAL RECOGNIZED IN NET PERIODIC PENSION COST AND OTHER COMPREHENSIVE LOSS$24.0 $38.3 $(10.5)$0.8 $(0.8)$0.7 
Schedule of Assumptions Used to Determine the Projected Benefit Obligation
The following assumptions were used to determine the projected benefit obligations at the measurement date and the net periodic benefit cost for the year:
 Pension BenefitsOther Benefits
 202020192018202020192018
Weighted-average assumptions used to determine benefit obligations at December 31,     
Discount rate2.47 %3.17 %4.24 %2.50 %3.30 %4.40 %
Rate of compensation increase0.24 %2.94 %3.25 %3.99 %4.00 %4.05 %
Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31,
Discount rate3.17 %4.24 %3.67 %3.30 %4.40 %3.70 %
Expected return on plan assets4.69 %4.75 %4.68 %N/AN/AN/A
Rate of compensation increase2.94 %3.25 %3.24 %4.00 %4.05 %4.00 %
Schedule of Health Care Cost Trend Rates
The assumed health care cost trend rates used to determine the projected postretirement benefit obligation are as follows: 
 Other Benefits
 202020192018
Assumed health care cost trend rates at December 31,   
Health care cost trend assumed for next year6.4 %6.6 %6.8 %
Rate to which the cost trend is assumed to decline5.0 %5.0 %5.0 %
Year that the rate reaches the ultimate trend rate202820282028
Schedule of Allocation of Plan Assets
The Company’s combined targeted 2021 weighted average asset allocation for domestic and foreign pension plans and the actual weighted average asset allocation for domestic and foreign pension plans at December 31, 2020 and 2019 by asset category are as follows: 
 Percentage of Plan Assets
 TargetActual
Asset Category202120202019
Equity securities25 %24 %25 %
Debt securities & Cash73 %74 %73 %
Alternative Investments2 %2 %2 %
TOTAL100 %100 %100 %
Schedule of Changes in Fair Value of Plan Assets
The fair value of the Company’s pension plan assets at December 31, 2020 and 2019, by asset category are as follows (in millions):
Quoted Prices in Active
Markets for Identical Assets		Quoted Prices in Active
Market for Similar Asset		Significant
Unobservable Inputs		Investments Priced
Using Net Asset Value
Asset CategoryTotal(Level 1)(Level 2)(Level 3)
Cash and cash equivalents$26.6 $26.6 $— $— $— 
Equity securities: 
   Equity Mutual Funds29.8 29.8 — — — 
   Common Pooled Equity Funds (a)
153.9 — 153.9 — — 
Fixed Income Securities: 
   U.S. Treasuries52.0 — 52.0 — — 
   State and Local Municipal Bonds9.3 — 9.3 — — 
   Sovereign Debt9.3 — 9.3 — — 
   Corporate Bonds (b)
145.1 — 145.1 — — 
   Fixed Income Mutual Funds59.9 59.9 — — — 
   Common Pooled Fixed Income Funds (c)
279.4 — 279.4 — — 
Alternative Investment Funds (d)
14.3 — — — 14.3 
Common Pooled Funds (e)
25.5 0.5 25.0 — — 
BALANCE AT DECEMBER 31, 2020$805.1 $116.8 $674.0 $— $14.3 
 
Quoted Prices in Active
Markets for Identical Assets		Quoted Prices in Active
Market for Similar Asset		Significant
Unobservable Inputs		Investments Priced
Using Net Asset Value
Asset CategoryTotal(Level 1)(Level 2)(Level 3)
Cash and cash equivalents$16.6 $16.6 $— $— $— 
Equity securities: 
   Equity Mutual Funds31.6 31.6 — — — 
   Common Pooled Equity Funds (a)
144.0 — 144.0 — — 
Fixed Income Securities: 
   U.S. Treasuries64.5 — 64.5 — — 
   State and Local Municipal Bonds9.4 — 9.4 — — 
   Sovereign Debt7.6 — 7.6 — — 
   Corporate Bonds (b)
122.9 0.1 122.8 — — 
   Fixed Income Mutual Funds54.2 54.2 — — — 
   Common Pooled Fixed Income Funds (c)
252.3 — 252.3 — — 
Alternative Investment Funds (d)
18.1 — 0.9 — 17.2 
Common Pooled Funds (e)
22.2 0.5 21.7 — — 
BALANCE AT DECEMBER 31, 2019$743.4 $103.0 $623.2 $— $17.2 
(a)Investments in Common Pooled Equity Funds, including funds and fund products investing in various equity securities.
(b)Includes primarily investment grade bonds from diverse industries
(c)Investments in Common Pooled Fixed Income Funds, including funds and fund products investing in various fixed income investments
(d)Includes investments in hedge funds, including fund of funds products and open end mutual funds
(e)Investments in Common Pooled Funds, consisting of equities and fixed income securities
Schedule of Expected Benefit Payments
The following domestic and foreign benefit payments, which reflect future service, as appropriate, are expected to be paid as follows, (in millions): 
Pension BenefitsOther Benefits
2021$52.1 $2.0 
2022$53.1 $1.9 
2023$53.5 $1.8 
2024$53.7 $1.7 
2025$53.9 $1.6 
2025-2028$262.9 $6.9