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Schedule of Defined Benefit Plans Disclosures (Tables)
12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plans Disclosures
Pension and Postretirement Benefit Obligation
The change in the benefit obligation, the change in plan assets, the funded status and amounts recognized for the Domestic Pension Plan, the significant foreign pension plans and the domestic postretirement benefit plan are listed below.
 
Domestic
Pension Plan
 
Foreign
Pension Plans
 
Domestic Postretirement
Benefit Plan
 
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Benefit Obligation
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation as of January 1
$
115.4

 
$
125.4

 
$
496.0

 
$
582.3

 
$
27.7

 
$
31.8

Service cost
0.0

 
0.0

 
4.8

 
5.4

 
0.0

 
0.0

Interest cost
4.8

 
4.5

 
12.4

 
13.1

 
1.2

 
1.1

Benefits paid
(9.2
)
 
(9.5
)
 
(27.8
)
 
(27.4
)
 
(5.4
)
 
(5.9
)
Plan participant contributions
0.0

 
0.0

 
0.0

 
0.1

 
2.0

 
1.8

Actuarial losses (gains)
5.9

 
(5.0
)
 
42.7

 
(47.6
)
 
1.7

 
(1.1
)
Settlements and curtailments
0.0

 
0.0

 
(0.7
)
 
(5.8
)
 
0.0

 
0.0

Foreign currency effect
0.0

 
0.0

 
13.8

 
(26.4
)
 
0.0

 
0.0

Other
0.0

 
0.0

 
0.0

 
2.3

 
0.0

 
0.0

 
 

 
 

 
 

 
 

 
 

 
 

Projected benefit obligation as of December 31
$
116.9

 
$
115.4

 
$
541.2

 
$
496.0

 
$
27.2

 
$
27.7

 
 
 
 
 
 
 
 
 
 
 
 
Fair Value of Plan Assets
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets as of January 1
$
89.8

 
$
98.8

 
$
363.9

 
$
404.2

 
$
0.0

 
$
0.0

Actual return on plan assets
16.1

 
(8.1
)
 
42.0

 
(8.0
)
 
0.0

 
0.0

Employer contributions
2.4

 
8.6

 
18.0

 
19.1

 
3.4

 
4.1

Plan participant contributions
0.0

 
0.0

 
0.0

 
0.1

 
2.0

 
1.8

Benefits paid
(9.2
)
 
(9.5
)
 
(27.8
)
 
(27.4
)
 
(5.4
)
 
(5.9
)
Settlements
0.0

 
0.0

 
0.0

 
(4.6
)
 
0.0

 
0.0

Foreign currency effect
0.0

 
0.0

 
13.4

 
(21.1
)
 
0.0

 
0.0

Other
0.0

 
0.0

 
0.0

 
1.6

 
0.0

 
0.0

 
 

 
 

 
 

 
 

 
 

 
 
Fair value of plan assets as of December 31
$
99.1

 
$
89.8

 
$
409.5

 
$
363.9

 
$
0.0

 
$
0.0

 
 
 
 
 
 
 
 
 
 
 
 
Funded status of the plans at December 31
$
(17.8
)
 
$
(25.6
)
 
$
(131.7
)
 
$
(132.1
)
 
$
(27.2
)
 
$
(27.7
)

 
Domestic
Pension Plan
 
Foreign
Pension Plans
 
Domestic Postretirement
Benefit Plan
December 31,
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Amounts recognized in Consolidated Balance Sheets
 
 
 
 
 
 
 
 
 
 
 
Non-current asset
$
0.0

 
$
0.0

 
$
10.1

 
$
8.6

 
$
0.0

 
$
0.0

Current liability
0.0

 
0.0

 
(5.8
)
 
(6.2
)
 
(2.7
)
 
(2.9
)
Non-current liability
(17.8
)
 
(25.6
)
 
(136.0
)
 
(134.5
)
 
(24.5
)
 
(24.8
)
 
 

 
 

 
 

 
 

 
 

 
 

Net liability recognized
$
(17.8
)
 
$
(25.6
)
 
$
(131.7
)
 
$
(132.1
)
 
$
(27.2
)
 
$
(27.7
)
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated benefit obligation
$
116.9

 
$
115.4

 
$
538.6

 
$
493.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts recognized in Accumulated Other
Comprehensive Loss, net
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss
$
54.2

 
$
60.4

 
$
183.2

 
$
165.6

 
$
4.7

 
$
3.1

Prior service cost (credit)
0.0

 
0.0

 
1.1

 
1.2

 
(0.1
)
 
(0.3
)
 
 
 
 
 
 
 
 
 
 
 
 
Total amount recognized
$
54.2

 
$
60.4

 
$
184.3

 
$
166.8

 
$
4.6

 
$
2.8


Actuarial losses of $5.9 for the Domestic Pension Plan are attributed to a decrease in the discount rate from 4.35% as of December 31, 2018 to 3.35% as of December 31, 2019, offset by changes in the mortality assumption and demographic experience.
Actuarial losses of $42.7 for the foreign pension plans are attributed to a decrease in the weighted-average discount rate from 2.61% as of December 31, 2018 to 1.84% as of December 31, 2019 offset by changes in demographic experience.
 
Domestic
Pension Plan
 
Foreign Pension Plans
December 31,
2019
 
2018
 
2019
 
2018
Pension plans with an accumulated benefit obligation and projected benefit obligation in excess of plan assets
 
 
 
 
 
 
 
Aggregate projected benefit obligation
$
116.9

 
$
115.4

 
$
534.6

 
$
491.2

Aggregate accumulated benefit obligation
116.9

 
115.4

 
533.5

 
489.9

Aggregate fair value of plan assets
99.1

 
89.8

 
392.7

 
350.5