XML 101 R83.htm IDEA: XBRL DOCUMENT v3.24.0.1
Benefit Plans and Other Postretirement Benefits, Net pension expense (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
United States      
Weighted average assumptions used to determine net periodic benefit cost/expense:      
Rate of compensation increase (as a percent) 2.40% 2.40% 2.40%
Foreign Plans      
Weighted average assumptions used to determine net periodic benefit cost/expense:      
Rate of compensation increase (as a percent) 1.93% 1.75% 1.75%
Pension Benefits      
Components of net pension expense:      
Service cost $ 3.8 $ 6.0 $ 7.5
Interest cost $ 25.4 $ 14.0 $ 11.3
Interest cost, extensible enumeration Other income (expense), net Other income (expense), net Other income (expense), net
Expected return on plan assets $ (29.1) $ (29.9) $ (31.2)
Expected return on plan assets, extensible enumeration Other income (expense), net Other income (expense), net Other income (expense), net
Amortization of prior service cost $ 1.8 $ 1.4 $ 2.1
Amortization of prior service cost, extensible enumeration Other income (expense), net Other income (expense), net Other income (expense), net
Amortization of net actuarial losses $ 2.3 $ 16.1 $ 24.8
Amortization of actuarial losses, extensible enumeration Other income (expense), net Other income (expense), net Other income (expense), net
Net pension (income) expense $ 4.2 $ 7.6 $ 14.5
Pension Benefits | United States      
Components of net pension expense:      
Service cost 2.5 3.5 4.2
Interest cost 18.6 10.6 8.6
Expected return on plan assets (24.6) (26.5) (28.1)
Amortization of prior service cost 1.7 1.4 1.9
Amortization of net actuarial losses 1.6 11.9 17.8
Net pension (income) expense $ (0.2) $ 0.9 $ 4.4
Weighted average assumptions used to determine net periodic benefit cost/expense:      
Discount rate (as a percent) 5.18% 2.69% 2.30%
Expected long-term return on assets (as a percent) 5.50% 5.50% 6.00%
Pension Benefits | Foreign Plans      
Components of net pension expense:      
Service cost $ 1.3 $ 2.5 $ 3.3
Interest cost 6.8 3.4 2.7
Expected return on plan assets (4.5) (3.4) (3.1)
Amortization of prior service cost 0.1 0.0 0.2
Amortization of net actuarial losses 0.7 4.2 7.0
Net pension (income) expense $ 4.4 $ 6.7 $ 10.1
Weighted average assumptions used to determine net periodic benefit cost/expense:      
Discount rate (as a percent) 4.20% 1.58% 1.12%
Expected long-term return on assets (as a percent) 5.45% 3.35% 2.71%