XML 98 R77.htm IDEA: XBRL DOCUMENT v3.22.0.1
Benefit Plans and Other Postretirement Benefits, Benefit obligation and plan assets (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Amounts recognized in the balance sheet as of December 31:      
Accrued pension and postretirement benefit obligations $ 193.4 $ 228.6  
Accumulated other comprehensive loss, net $ (286.5) $ (278.1)  
United States      
Weighted average assumptions used to determine projected benefit obligations:      
Rate of compensation increase (as a percent) 2.40% 2.40%  
Foreign Plans      
Weighted average assumptions used to determine projected benefit obligations:      
Rate of compensation increase (as a percent) 1.75% 1.75%  
Pension Benefits      
Change in projected benefit obligation:      
Projected benefit obligation at beginning of year $ 828.4 $ 757.9  
Service cost 7.5 7.5 $ 8.0
Interest cost 11.3 16.7 21.5
Plan amendments 0.4 0.1  
Actuarial (gain) loss (37.3) 62.6  
Foreign exchange translation (12.3) 17.9  
Benefits paid (36.8) (34.3)  
Projected benefit obligation at end of year 761.2 828.4 757.9
Change in plan assets:      
Fair value of plan assets at the beginning of the year 632.3 581.0  
Actual return on plan assets 44.5 74.1  
Employer contributions 6.8 6.5 6.6
Foreign exchange translation (2.8) 5.0  
Benefits paid (36.8) (34.3)  
Fair value of plan assets at end of year 644.0 632.3 581.0
Over (under) funded status at end of year (117.2) (196.1)  
Amounts recognized in the balance sheet as of December 31:      
Other long-term assets 50.7 8.1  
Other accrued expenses 4.2 4.3  
Accrued pension and postretirement benefit obligations 163.7 199.9  
Accumulated other comprehensive loss, net (134.8) (192.5)  
Accumulated benefit obligation      
Accumulated benefit obligation 753.7 818.4  
Pension Benefits | United States      
Change in projected benefit obligation:      
Projected benefit obligation at beginning of year 526.4 496.5  
Service cost 4.2 4.5 5.4
Interest cost 8.6 13.2 16.8
Plan amendments 0.4 0.0  
Actuarial (gain) loss (16.9) 38.5  
Foreign exchange translation 0.0 0.0  
Benefits paid (27.4) (26.3)  
Projected benefit obligation at end of year 495.3 526.4 496.5
Change in plan assets:      
Fair value of plan assets at the beginning of the year 515.7 473.2  
Actual return on plan assets 38.2 67.8  
Employer contributions 1.0 1.0  
Foreign exchange translation 0.0 0.0  
Benefits paid (27.4) (26.3)  
Fair value of plan assets at end of year 527.5 515.7 473.2
Over (under) funded status at end of year 32.2 (10.7)  
Amounts recognized in the balance sheet as of December 31:      
Other long-term assets 50.0 7.8  
Other accrued expenses 1.1 1.0  
Accrued pension and postretirement benefit obligations 16.7 17.5  
Accumulated other comprehensive loss, net $ (83.0) $ (118.2)  
Weighted average assumptions used to determine projected benefit obligations:      
Benefit obligation discount rate (as a percent) 2.69% 2.30%  
Increase (decrease) in benefit obligation due to change in discount rate $ (23.0)    
Accumulated benefit obligation      
Accumulated benefit obligation 494.2 $ 525.1  
Pension Benefits | Foreign Plans      
Change in projected benefit obligation:      
Projected benefit obligation at beginning of year 302.0 261.4  
Service cost 3.3 3.0 2.6
Interest cost 2.7 3.5 4.7
Plan amendments 0.0 0.1  
Actuarial (gain) loss (20.4) 24.1  
Foreign exchange translation (12.3) 17.9  
Benefits paid (9.4) (8.0)  
Projected benefit obligation at end of year 265.9 302.0 261.4
Change in plan assets:      
Fair value of plan assets at the beginning of the year 116.6 107.8  
Actual return on plan assets 6.3 6.3  
Employer contributions 5.8 5.5  
Foreign exchange translation (2.8) 5.0  
Benefits paid (9.4) (8.0)  
Fair value of plan assets at end of year 116.5 116.6 $ 107.8
Over (under) funded status at end of year (149.4) (185.4)  
Amounts recognized in the balance sheet as of December 31:      
Other long-term assets 0.7 0.3  
Other accrued expenses 3.1 3.3  
Accrued pension and postretirement benefit obligations 147.0 182.4  
Accumulated other comprehensive loss, net $ (51.8) $ (74.3)  
Weighted average assumptions used to determine projected benefit obligations:      
Benefit obligation discount rate (as a percent) 1.58% 1.12%  
Accumulated benefit obligation      
Accumulated benefit obligation $ 259.5 $ 293.3  
Largest foreign pension plan | Pension Benefits | Unfunded Plan | Foreign Plans      
Change in projected benefit obligation:      
Projected benefit obligation at beginning of year 120.8    
Projected benefit obligation at end of year $ 104.1 $ 120.8