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Retirement Plans (Tables)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [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:

TargetActual Allocation
AllocationReturn20242023
Equity Investments20.6%
5.2 - 7.5%
15.6%14.7%
Fixed Income66.8%
3.7 - 7.0%
70.3%68.2%
Other12.6%
0.5% - 7.0%
14.1%17.1%
Total100.0%5.5%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:
20242023
Change in Projected Benefit Obligation:
Obligation at Beginning of Period$483.1 $440.3 
Service Cost2.0 2.1 
Interest Cost21.3 22.8 
Actuarial (Gain) Loss(25.8)20.1 
Less: Benefits Paid34.3 34.4 
Settlements(0.7)(3.9)
Foreign Currency Translation(8.3)6.0 
Other Events13.8 — 
(Divestitures) Acquisitions(1.1)30.1 
Obligation at End of Period$450.0 $483.1 
Change in Fair Value of Plan Assets:
Fair Value of Plan Assets at Beginning of Period$367.7 $346.2 
Actual Return on Plan Assets(1.9)34.2 
Employer Contributions16.6 8.3 
Less: Benefits Paid34.3 34.4 
Settlements(0.7)(3.9)
Foreign Currency Translation(3.3)3.6 
Other Events2.1 — 
(Divestitures) Acquisitions(1.1)13.7 
Fair Value of Plan Assets at End of Period$345.1 $367.7 
Funded Status$(104.9)$(115.4)
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:
20242023
Other Noncurrent Assets$5.3 $4.1 
Accrued Compensation and Benefits(7.6)(6.6)
Pension and Other Post Retirement Benefits (a)
(102.6)(112.9)
Total$(104.9)$(115.4)
(a) Excludes post-retirement health care plans included on the Consolidated Balance Sheets
Amounts Recognized in Accumulated Other Comprehensive Loss
Net Actuarial Gain$32.0 $35.6 
Prior Service Cost0.3 0.3 
Total$32.3 $35.9 
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, 2024 and December 31, 2023 were as follows:

20242023
Projected Benefit Obligation$415.1 $445.7 
Accumulated Benefit Obligation408.5 442.1 
Fair Value of Plan Assets304.9 326.4 

Defined pension plans with projected benefit obligations in excess of plan assets as of December 31, 2024 and December 31, 2023 were as follows:

20242023
Projected Benefit Obligation$415.1 $447.2 
Accumulated Benefit Obligation408.5 443.3 
Fair Value of Plan Assets304.9 327.7 
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, 2024 and December 31, 2023, respectively:
20242023
Discount Rate5.4%4.7%
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:
202420232022
Service Cost$2.0 $2.1 $1.4 
Interest Cost21.3 22.8 14.0 
Expected Return on Plan Assets(20.0)(27.1)(20.3)
Amortization of Net Actuarial (Gain) Loss(0.2)(1.8)1.0 
Amortization of Prior Service Cost0.1 0.1 0.1 
Curtailment Expense— 0.2 — 
Net Periodic Benefit Cost$3.2 $(3.7)$(3.8)
Change in Obligations Recognized in OCI, Net of Tax
    Prior Service Cost$0.1 $0.1 $0.1 
    Net Actuarial (Gain) Loss(3.7)(14.4)0.7 
Total Recognized in OCI$(3.6)$(14.3)$0.8 
Schedule of Assumptions Used to Determine Net Periodic Pension Cost
The following weighted average assumptions were used to determine net periodic pension cost for 2024, 2023 and 2022, respectively.
202420232022
Discount Rate4.7%5.2%2.7%
Expected Long-Term Rate of Return on Assets5.1%6.6%4.6%
Schedule of Fair Value of Plan Assets
Pension assets by type and level are as follows:
December 31, 2024
TotalLevel 1Level 3
Cash and Cash Equivalents$4.3 $4.3 $— 
Mutual Funds:
International Equity Funds6.0 6.0 — 
Fixed Income Funds10.2 10.2 — 
Other5.1 1.0 4.1 
Insurance Contracts21.1 — 21.1 
$46.7 $21.5 $25.2 
Investments Measured at Net Asset Value298.4 
Total$345.1 
December 31, 2023
TotalLevel 1Level 3
Cash and Cash Equivalents$4.9 $4.9 $— 
Mutual Funds:
US Equity Funds1.8 1.8 — 
International Equity Funds9.5 9.5 — 
Fixed Income Funds3.8 3.8 — 
Other6.1 1.8 4.3 
Insurance Contracts23.7 — 23.7 
$49.8 $21.8 $28.0 
Investments Measured at Net Asset Value317.9 
Total$367.7 
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, 2024 and December 31, 2023:
20242023
Common Collective Trust Funds$298.4 $317.9 
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, 2024 and December 31, 2023:
20242023
OtherInsurance ContractsTotalOtherInsurance ContractsTotal
Beginning balance$4.3 $23.7 $28.0 $— $20.9 $20.9 
Acquisition— — — 4.3 — 4.3 
Net Sales— (0.3)(0.3)— (0.8)(0.8)
Net Gains (Losses)0.1 (0.8)(0.7)— 2.7 2.7 
Translation(0.3)(1.5)(1.8)— 0.9 0.9 
Ending balance$4.1 $21.1 $25.2 $4.3 $23.7 $28.0 
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:
YearExpected Payments
2025$38.4 
202637.3 
202736.5 
202836.7 
202936.0 
2030-2034176.1