XML 103 R83.htm IDEA: XBRL DOCUMENT v3.25.0.1
Benefit Plans and Other Postretirement Benefits, Benefit obligation and plan assets (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Amounts recognized in the balance sheet as of December 31:      
Accrued pension and postretirement benefit obligations $ 129.8 $ 143.0  
Accumulated other comprehensive loss, net $ (716.3) $ (533.6)  
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) 1.91% 1.89%  
Pension Benefits      
Change in projected benefit obligation:      
Projected benefit obligation at beginning of year $ 561.8 $ 563.8  
Service cost 3.7 3.8 $ 6.0
Interest cost 24.1 25.4 14.0
Plan amendments 0.2 0.0  
Actuarial (gain) loss (32.1) 14.5  
Foreign exchange translation and other (8.8) (9.5)  
Benefits paid (53.5) (36.2)  
Projected benefit obligation at end of year 495.4 561.8 563.8
Change in plan assets:      
Fair value of plan assets at the beginning of the year 481.6 470.6  
Actual return on plan assets 15.7 44.8  
Employer contributions 4.9 5.4 6.3
Foreign exchange translation and other (4.2) (3.0)  
Benefits paid (53.5) (36.2)  
Fair value of plan assets at end of year 444.5 481.6 470.6
Over (under) funded status at end of year (50.9) (80.2)  
Amounts recognized in the balance sheet as of December 31:      
Other long-term assets 34.8 21.9  
Other accrued expenses 3.9 4.1  
Accrued pension and postretirement benefit obligations 81.8 98.0  
Accumulated other comprehensive loss, net (106.4) (122.9)  
Accumulated benefit obligation      
Accumulated benefit obligation 492.5 557.0  
Pension Benefits | United States      
Change in projected benefit obligation:      
Projected benefit obligation at beginning of year 388.5 388.2  
Service cost 2.2 2.5 3.5
Interest cost 17.8 18.6 10.6
Plan amendments 0.2 0.0  
Actuarial (gain) loss (20.8) 8.8  
Foreign exchange translation and other 0.0 0.0  
Benefits paid (46.5) (29.6)  
Projected benefit obligation at end of year 341.4 388.5 388.2
Change in plan assets:      
Fair value of plan assets at the beginning of the year 395.6 387.0  
Actual return on plan assets 8.9 37.1  
Employer contributions 1.1 1.1  
Foreign exchange translation and other 0.0 0.0  
Benefits paid (46.5) (29.6)  
Fair value of plan assets at end of year 359.1 395.6 387.0
Over (under) funded status at end of year 17.7 7.1  
Amounts recognized in the balance sheet as of December 31:      
Other long-term assets 31.2 21.2  
Other accrued expenses 1.2 1.2  
Accrued pension and postretirement benefit obligations 12.3 12.9  
Accumulated other comprehensive loss, net $ (96.8) $ (104.0)  
Weighted average assumptions used to determine projected benefit obligations:      
Benefit obligation discount rate (as a percent) 5.53% 4.97%  
Increase (decrease) in benefit obligation due to change in discount rate $ (17.0)    
Accumulated benefit obligation      
Accumulated benefit obligation 341.3 $ 388.2  
Pension Benefits | Foreign Plans      
Change in projected benefit obligation:      
Projected benefit obligation at beginning of year 173.3 175.6  
Service cost 1.5 1.3 2.5
Interest cost 6.3 6.8 3.4
Plan amendments 0.0 0.0  
Actuarial (gain) loss (11.3) 5.7  
Foreign exchange translation and other (8.8) (9.5)  
Benefits paid (7.0) (6.6)  
Projected benefit obligation at end of year 154.0 173.3 175.6
Change in plan assets:      
Fair value of plan assets at the beginning of the year 86.0 83.6  
Actual return on plan assets 6.8 7.7  
Employer contributions 3.8 4.3  
Foreign exchange translation and other (4.2) (3.0)  
Benefits paid (7.0) (6.6)  
Fair value of plan assets at end of year 85.4 86.0 $ 83.6
Over (under) funded status at end of year (68.6) (87.3)  
Amounts recognized in the balance sheet as of December 31:      
Other long-term assets 3.6 0.7  
Other accrued expenses 2.7 2.9  
Accrued pension and postretirement benefit obligations 69.5 85.1  
Accumulated other comprehensive loss, net $ (9.6) $ (18.9)  
Weighted average assumptions used to determine projected benefit obligations:      
Benefit obligation discount rate (as a percent) 4.13% 3.72%  
Accumulated benefit obligation      
Accumulated benefit obligation $ 151.2 $ 168.8  
Largest foreign pension plan | Pension Benefits | Foreign Plans      
Change in projected benefit obligation:      
Projected benefit obligation at beginning of year 81.7    
Projected benefit obligation at end of year $ 72.2 $ 81.7  
Accumulated benefit obligation      
Funding status [Extensible Enumeration] us-gaap:UnfundedPlanMember us-gaap:UnfundedPlanMember