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

The table below details the changes in other comprehensive income (loss) during 2019, 2020 and 2021.


		Years ended December 31,
		2019		2020		2021

	(In millions)
Changes in plan assets and benefit obligations recognized in other comprehensive income (loss):
Net actuarial gains (losses)		$	(47.2)	$	(37.7)	$	50.7
Amortization of unrecognized:
Net actuarial losses			15.0		19.4		21.6
Prior service cost			.2		.2		.2
Total		$	(32.0)	$	(18.1)	$	72.5

Schedule of Rollforward of Change in Fair Value of Level 3 Assets


	Fair Value Measurements at December 31, 2021
			Quoted		Significant
			Prices in		Other		Significant
			Active		Observable		Unobservable		Assets
			Markets		Inputs		Inputs		measured
	Total		(Level 1)		(Level 2)		(Level 3)		at NAV

	(In millions)
Germany	$	282.9	$	—	$	—	$	282.9	$	—
Canada:
Local currency equities		.2		.2		—		—		—
Non local currency equities		21.9		21.9		—		—		—
Local currency fixed income		89.3		89.3		—		—		—
Cash and other		.8		.8		—		—		—
Norway:
Local currency equities		3.1		3.1		—		—		—
Non local currency equities		5.9		5.9		—		—		—
Local currency fixed income		25.1		15.9		9.2		—		—
Non local currency fixed income		6.7		6.7		—		—		—
Real estate		9.1		—		—		9.1		—
Cash and other		7.0		6.4		—		.6		—
U.S.:
Equities		18.5		1.2		—		.1		17.2
Fixed income		30.6		—		—		—		30.6
Cash and other		3.2		1.9		—		—		1.3
Other		29.6		1.8		—		27.8		—
Total	$	533.9	$	155.1	$	9.2	$	320.5	$	49.1

Schedule of Defined Benefit Plan Expected Future Payments

Benefit payments to plan participants out of plan assets are expected to be the equivalent of:


Years ending December 31,	Amount
	(In millions)
2022	$	29.2
2023		29.0
2024		31.0
2025		31.0
2026		32.5
Next 5 years		183.7

Components of Net Periodic Defined Benefit Cost (Credit)

The components of our net periodic defined benefit pension cost for U.S. plans are presented in the table below. The amounts shown below for the amortization of recognized actuarial losses for 2019, 2020 and 2021 were recognized as components of our accumulated other comprehensive income (loss) at December 31, 2018, 2019 and 2020, respectively, net of deferred income taxes and noncontrolling interest.


	Years ended December 31,
	2019		2020		2021

	(In millions)
Net periodic pension benefit cost for U.S. plans:
Interest cost on PBO	$	2.3	$	1.9	$	1.3
Expected return on plan assets		(2.3)		(2.1)		(2.1)
Recognized actuarial losses		2.2		2.1		2.1
Settlement gain		—		—		(.5)
Total	$	2.2	$	1.9	$	.8

Summary of Actuarial Assumptions Used to Determine the Benefit Obligation and Net Benefit Cost

The weighted-average rate assumptions used in determining the net periodic pension cost for our U.S. defined benefit pension plans for 2019, 2020 and 2021 are presented in the table below. The impact of assumed increases in future compensation levels does not have an effect on the periodic pension cost as the plans are frozen with regards to compensation.


	Years ended December 31,
	2019	2020	2021
Discount rate	4.1%	3.1%	2.2%
Long-term return on plan assets	5.5%	4.5%	4.0%

Schedule of Funded Status

The funded status of our non-U.S. defined benefit pension plans is presented in the table below.


	Years ended December 31,
	2020		2021

	(In millions)
Change in PBO:
Balance at beginning of the year	$	746.4	$	855.8
Service cost		13.3		14.7
Interest cost		10.1		8.3
Participants’ contributions		1.9		2.0
Actuarial losses (gains)		47.5		(43.9)
Change in currency exchange rates		58.8		(55.2)
Benefits paid		(22.2)		(23.6)
Balance at end of the year	$	855.8	$	758.1

Change in plan assets:
Fair value at beginning of the year	$	450.0	$	494.8
Actual return on plan assets		19.2		16.7
Employer contributions		16.0		18.7
Participants' contributions		1.9		2.0
Change in currency exchange rates		29.9		(27.1)
Benefits paid		(22.2)		(23.6)
Fair value at end of the year	$	494.8	$	481.5
Funded status	$	(361.0)	$	(276.6)

Amounts recognized in the Consolidated Balance Sheets:
Noncurrent pension asset	$	8.4	$	9.0
Noncurrent accrued pension costs		(369.4)		(285.6)
Total		(361.0)		(276.6)
Accumulated other comprehensive loss:
Actuarial losses		307.0		238.3
Prior service cost		.7		.4
Total		307.7		238.7
Total	$	(53.3)	$	(37.9)
ABO	$	838.2	$	733.8

Schedule of Plans for which Accumulated Benefit Obligations Exceeds Plan Assets

Information concerning certain of our non-U.S. defined benefit pension plans (for which the ABO exceeds the fair value of plan assets as of the indicated date) is presented in the table below.


	December 31,
	2020		2021

	(In millions)
Plans for which the ABO exceeds plan assets:
Projected benefit obligations	$	790.9	$	695.2
Accumulated benefit obligations		768.1		674.4
Fair value of plan assets		421.5		409.4