XML 123 R74.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Benefit Plans and Other Postretirement Benefits, Benefit obligation and plan assets (Details) - USD ($)
$ in Millions
1 Months Ended 12 Months Ended
Jan. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Amounts recognized in the balance sheet as of December 31:        
Accrued pension and postretirement benefit obligations   $ 198.8 $ 190.2  
Accumulated other comprehensive loss, net   $ (430.9) $ (390.2)  
United States        
Weighted average assumptions used to determine projected benefit obligations:        
Rate of compensation increase (as a percent)   2.60% 3.00%  
Foreign.        
Weighted average assumptions used to determine projected benefit obligations:        
Rate of compensation increase (as a percent)   1.78% 1.77%  
Pension Benefits        
Change in projected benefit obligation:        
Projected benefit obligation at beginning of year $ 741.7 $ 684.2 $ 741.7  
Service cost   8.0 7.3 $ 9.6
Interest cost   21.5 19.6 20.0
Plan amendments   4.8 1.0  
Actuarial (gain) loss   71.9 (36.2)  
Foreign exchange translation   1.6 (13.0)  
Benefits paid   (34.1) (36.2)  
Projected benefit obligation at end of year   757.9 684.2 741.7
Change in plan assets:        
Fair value of plan assets at the beginning of the year 497.9 514.1 497.9  
Actual return on plan assets   91.9 (29.7)  
Employer contributions   6.6 88.3 22.5
Foreign exchange translation   2.5 (6.2)  
Benefits paid   (34.1) (36.2)  
Fair value of plan assets at end of year   581.0 514.1 497.9
Underfunded status at end of year   176.9 170.1  
Amounts recognized in the balance sheet as of December 31:        
Other accrued expenses   4.2 3.9  
Accrued pension and postretirement benefit obligations   172.7 166.2  
Accumulated other comprehensive loss, net   (193.5) (192.9)  
Accumulated benefit obligation        
Accumulated benefit obligation   748.4 674.5  
Pension Benefits | United States        
Change in projected benefit obligation:        
Projected benefit obligation at beginning of year 486.7 448.9 486.7  
Service cost   5.4 4.5 6.7
Interest cost   16.8 14.9 15.3
Plan amendments   4.8 0.2  
Actuarial (gain) loss   47.1 (33.1)  
Foreign exchange translation   0.0 0.0  
Benefits paid   (26.5) (24.3)  
Projected benefit obligation at end of year   496.5 448.9 486.7
Change in plan assets:        
Fair value of plan assets at the beginning of the year 389.6 418.2 389.6  
Actual return on plan assets   80.5 (28.8)  
Employer contributions 81.0 1.0 81.7  
Foreign exchange translation   0.0 0.0  
Benefits paid   (26.5) (24.3)  
Fair value of plan assets at end of year   473.2 418.2 389.6
Underfunded status at end of year   23.3 30.7  
Amounts recognized in the balance sheet as of December 31:        
Other accrued expenses   1.0 1.0  
Accrued pension and postretirement benefit obligations   22.3 29.7  
Accumulated other comprehensive loss, net   $ (131.5) $ (140.2)  
Weighted average assumptions used to determine projected benefit obligations:        
Benefit obligation discount rate (as a percent)   3.11% 4.14%  
Increase (decrease) in benefit obligation due to change in discount rate   $ 50.0    
Accumulated benefit obligation        
Accumulated benefit obligation   495.0 $ 446.4  
Pension Benefits | Foreign.        
Change in projected benefit obligation:        
Projected benefit obligation at beginning of year 255.0 235.3 255.0  
Service cost   2.6 2.8 2.9
Interest cost   4.7 4.7 4.7
Plan amendments   0.0 0.8  
Actuarial (gain) loss   24.8 (3.1)  
Foreign exchange translation   1.6 (13.0)  
Benefits paid   (7.6) (11.9)  
Projected benefit obligation at end of year   261.4 235.3 255.0
Change in plan assets:        
Fair value of plan assets at the beginning of the year $ 108.3 95.9 108.3  
Actual return on plan assets   11.4 (0.9)  
Employer contributions   5.6 6.6  
Foreign exchange translation   2.5 (6.2)  
Benefits paid   (7.6) (11.9)  
Fair value of plan assets at end of year   107.8 95.9 $ 108.3
Underfunded status at end of year   153.6 139.4  
Amounts recognized in the balance sheet as of December 31:        
Other accrued expenses   3.2 2.9  
Accrued pension and postretirement benefit obligations   150.4 136.5  
Accumulated other comprehensive loss, net   $ (62.0) $ (52.7)  
Weighted average assumptions used to determine projected benefit obligations:        
Benefit obligation discount rate (as a percent)   1.59% 2.28%  
Accumulated benefit obligation        
Accumulated benefit obligation   $ 253.4 $ 228.1  
Largest foreign pension plan | Pension Benefits | Unfunded Plan | Foreign.        
Change in projected benefit obligation:        
Projected benefit obligation at beginning of year   92.7    
Projected benefit obligation at end of year   $ 103.6 $ 92.7