Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2023

Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]

Schedule Of Defined Benefit Pension Assets Investment

The Company's target allocation, target return and actual weighted-average asset allocation by asset category are as follows:

	Target		Actual Allocation
	Allocation	Return	2023	2022
Equity Investments	22.5%	5.8 - 7.5%	14.7%	41.1%
Fixed Income	64.7%	4.2 - 7.0%	68.2%	44.7%
Other	12.8%	0.5% - 7.3%	17.1%	14.2%
Total	100.0%	5.3%	100.0%	100.0%

Schedule Of Reconciliation Of Funded Status Of The Defined Benefit Plans

The following table presents a reconciliation of the funded status of the defined benefit pension plans:

	2023		2022
Change in Projected Benefit Obligation:
Obligation at Beginning of Period	$	440.3	$	587.2
Service Cost	2.1		1.4
Interest Cost	22.8		14.0
Actuarial Loss (Gain)	20.1		(123.9)
Less: Benefits Paid	34.4		32.5
Settlements	(3.9)		(0.2)
Foreign Currency Translation	6.0		(5.7)
Acquisitions	30.1		—
Obligation at End of Period	$	483.1	$	440.3
Change in Fair Value of Plan Assets:
Fair Value of Plan Assets at Beginning of Period	$	346.2	$	478.9
Actual Return on Plan Assets	34.2		(104.5)
Employer Contributions	8.3		8.3
Less: Benefits Paid	34.4		32.5
Settlements	(3.9)		(0.2)
Foreign Currency Translation	3.6		(3.8)
Acquisitions	13.7		—
Fair Value of Plan Assets at End of Period	$	367.7	$	346.2
Funded Status	$	(115.4)	$	(94.1)

Schedule Of Amounts Recognized in Balance Sheet of Defined Benefit Plans

The Company recognized the funded status of its defined benefit pension plans on the Consolidated Balance Sheets as follows:

	2023		2022
Other Noncurrent Assets	$	4.1	$	2.1
Accrued Compensation and Benefits	(6.6)		(4.4)
Pension and Other Post Retirement Benefits	(112.9)		(91.8)
Total	$	(115.4)	$	(94.1)
Amounts Recognized in Accumulated Other Comprehensive Loss
Net Actuarial Gain	$	35.6	$	21.2
Prior Service Cost	0.3		0.4
Total	$	35.9	$	21.6

Schedule of Accumulated Benefit Obligations in Excess of Plan Assets

Defined pension plans with accumulated benefit obligations in excess of plan assets as of December 31, 2023 and December 31, 2022 were as follows:

	2023		2022
Projected Benefit Obligation	$	445.7	$	407.0
Accumulated Benefit Obligation	442.1		405.1
Fair Value of Plan Assets	326.4		310.9

Defined pension plans with projected benefit obligations in excess of plan assets as of December 31, 2023 and December 31, 2022 were as follows:

	2023		2022
Projected Benefit Obligation	$	447.2	$	408.6
Accumulated Benefit Obligation	443.3		406.4
Fair Value of Plan Assets	327.7		312.3

Schedule Of Weighted-Average Assumptions Used To Determine Projected Benefit Obligation

The following weighted average assumptions were used to determine the projected benefit obligation as of December 31, 2023 and December 31, 2022, respectively:

	2023	2022
Discount Rate	4.7%	5.2%

Schedule Of Net Periodic Pension Benefit Costs For The Defined Benefit Plans

Net periodic pension benefit costs and the net actuarial loss and prior service cost recognized in OCI for the defined benefit pension plans were as follows:

	2023		2022		2021
Service Cost	$	2.1	$	1.4	$	1.2
Interest Cost	22.8		14.0		7.5
Expected Return on Plan Assets	(27.1)		(20.3)		(14.5)
Amortization of Net Actuarial Gain (Loss)	(1.8)		1.0		3.0
Amortization of Prior Service Cost	0.1		0.1		0.2
Curtailment Expense	0.2		—		—
Net Periodic Benefit Cost	$	(3.7)	$	(3.8)	$	(2.6)
Change in Obligations Recognized in OCI, Net of Tax
Prior Service Cost	$	0.1	$	0.1	$	0.1
Net Actuarial (Gain) Loss	(14.4)		0.7		2.4
Total Recognized in OCI	$	(14.3)	$	0.8	$	2.5

Schedule Of Assumptions Used To Determine Net Periodic Pension Cost

The following weighted average assumptions were used to determine net periodic pension cost for fiscal years 2023, 2022 and 2021, respectively.

	2023	2022	2021
Discount Rate	5.2%	2.7%	2.6%
Expected Long-Term Rate of Return on Assets	6.6%	4.6%	6.2%

Schedule Of Fair Value Of Plan Assets

Pension assets by type and level are as follows:

	December 31, 2023
	Total		Level 1		Level 3
Cash and Cash Equivalents	$	4.9	$	4.9	$	—
Mutual Funds:
US Equity Funds	1.8		1.8		—
International Equity Funds	9.5		9.5		—
Fixed Income Funds	3.8		3.8		—
Other	6.1		1.8		4.3
Insurance Contracts	23.7		—		23.7
	$	49.8	$	21.8	$	28.0
Investments Measured at Net Asset Value	317.9
Total	$	367.7

	December 31, 2022
	Total		Level 1		Level 3
Cash and Cash Equivalents	$	4.3	$	4.3	$	—
Mutual Funds:
US Equity Funds	1.5		1.5		—
International Equity Funds	3.1		3.1		—
Fixed Income Funds	2.3		2.3		—
Other	1.6		1.6		—
Insurance Contracts	20.9		—		20.9
	$	33.7	$	12.8	$	20.9
Investments Measured at Net Asset Value	312.5
Total	$	346.2

The following table sets forth additional disclosures for the fair value measurement of the fair value of pension plan assets that calculate fair value based on NAV per share practical expedient as of December 31, 2023 and December 31, 2022:

	2023		2022
Common Collective Trust Funds	$	317.9	$	312.5

Schedule of Level Three Defined Benefit Plan Assets

The table below sets forth a summary of changes in the Company's Level 3 assets in its pension plan investments as of December 31, 2023 and December 31, 2022:

	2023						2022
	Other		Insurance Contracts		Total		Insurance Contracts
Beginning Balance	$	—	$	20.9	$	20.9	$	34.0
Acquisition	4.3		—		4.3		—
Net Sales	—		(0.8)		(0.8)		(0.2)
Net Gains (Losses)	—		2.7		2.7		(10.7)
Translation	—		0.9		0.9		(2.2)
Ending Balance	$	4.3	$	23.7	$	28.0	$	20.9

Schedule Of Pension Benefit Payments Expected Future Service

The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid:

Year	Expected Payments
2024	$	37.9
2025	36.6
2026	37.0
2027	35.9
2028	35.9
2029-2033	171.0