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PENSION AND POSTRETIREMENT PLANS Pension and Postretirement Plans (Tables)
 12 Months Ended
Dec. 31, 2022
Defined Benefit Plan, Plan Amendment [Abstract]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
U. S. PlansNon-U.S. Plans
 Year ended December 31,
 202220212020202220212020
Service cost for benefits earned$2.8 $3.9 $5.1 2.6 2.4 2.1 
Interest cost on benefit obligation9.1 8.3 11.1 10.1 8.1 10.9 
Expected return on plan assets(12.9)(17.3)(14.9)(18.0)(16.3)(16.6)
Net amortization and deferral4.6 10.0 9.7 0.9 2.1 0.4 
Expected participant contributions— — — — — (0.1)
Settlements4.1 3.7 — (1.1)— — 
Defined-benefit plan costs$7.7 $8.6 $11.0 (5.5)(3.7)(3.3)
Service costs are the only component of net periodic benefit costs recorded within Operating income. For the year ended December 31, 2022, the Company recognized a partial plan settlement charge of $3.0 as a component of Other, net.
The amounts recognized in accumulated other comprehensive earnings are as follows:
U. S. PlansNon-U.S. Plans
 Year ended December 31,
 2022202120222021
Net actuarial loss in accumulated other comprehensive earnings$60.9 $66.9 $22.0 $58.8 
U.S. PlansNon-U.S. Plans
Year Ended December 31,
 2022202120222021
Balance at beginning of the year$333.3 $369.8 $633.8 $690.1 
Service cost2.8 3.9 2.6 2.4 
Interest cost9.1 8.3 10.1 8.1 
Actuarial (gain) loss(58.4)(18.0)(212.0)(34.7)
Benefits and administrative expenses paid(27.3)(30.7)(21.5)(22.2)
Foreign currency exchange rate changes— — (60.4)(9.9)
Balance at end of the year$259.5 $333.3 $352.6 $633.8 
The estimated benefit payments, which were used in the calculation of projected benefit obligations, are expected to be paid as follows:
U. S. PlansNon-U. S. Plans
2023$25.7 $14.8 
202425.4 16.1 
202525.4 16.0 
202624.5 17.1 
202723.6 17.9 
Years 2028 to 2037106.6 95.3 
The effect on operations of the post-retirement medical plan is shown in the following table:
 Year ended December 31,
 202220212020
Interest cost on benefit obligation$0.1 $0.1 $0.2 
Net amortization and deferral0.2 0.3 0.4 
Post-retirement medical plan costs$0.3 $0.4 $0.6 
A summary of the changes in the accumulated post-retirement benefit obligation follows:
 20222021
Balance at January 1$5.2 $6.2 
Interest cost on benefit obligation0.1 0.1 
Actuarial loss(0.9)(0.5)
Benefits paid(0.5)(0.6)
Balance at December 31$3.9 $5.2 
Recorded as:
   Accrued expenses and other$0.6 $0.7 
   Other liabilities3.3 4.5 
$3.9 $5.2 
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
U.S. PlansNon-U.S. Plans
Year Ended December 31,
 2022202120222021
Balances at beginning of the year$299.9 $300.9 $544.6 $535.6 
Company contributions — — 15.7 14.3 
Actual return on plan assets(48.2)27.5 (157.5)22.3 
Benefits and administrative expenses paid(24.9)(28.5)(16.9)(21.7)
Foreign currency exchange rate changes— — (54.0)(5.9)
Fair value of plan assets at end of year$226.8 $299.9 $331.9 $544.6 
Schedule of Net Funded Status [Table Text Block]
U.S. PlansNon-U.S. Plans
Year Ended December 31,
2022202120222021
Funded status$32.7 $33.4 $20.7 $89.2 
Recorded as:
Other assets$2.2 $13.4 $7.0 $— 
Accrued expenses and other2.4 2.4 0.6 0.6 
Other liabilities32.5 44.4 27.1 88.6
Defined Benefit Plan, Assumptions [Table Text Block]
Weighted average assumptions used to determine net periodic benefit costs are as follows:
U. S. PlansNon-U.S. Plans
Year ended December 31,
 202220212020202220212020
Discount rate2.8 %2.4 %3.3 %2.1 %1.1 %1.7 %
Salary increasesN/AN/AN/A2.0 %2.0 %3.1 %
Expected long term rate of return 4.5 %6.0 %6.0 %3.7 %3.1 %3.5 %
Cash balance interest credit rate4.0 %4.0 %4.0 %N/AN/AN/A
Weighted average assumptions used to determine net periodic benefit obligations are as follows:
U. S. PlansNon-U.S. Plans
Year ended December 31,
 2022202120222021
Discount rate5.5 %2.8 %4.8 %1.8 %
Salary increasesN/AN/A2.0 %2.0 %
The weighted average asset allocation of the plan assets as of December 31, 2022, by asset category is as follows:
December 31, 2022
U.S. PlansNon-U.S. Plans
Equity securities24.5 %43.4 %
Debt securities71.0 %33.9 %
Annuities— %18.1 %
Real estate2.5 %3.6 %
Other2.0 %1.0 %
The weighted average target asset allocation of the plan assets is as follows:
U.S. PlansNon U.S. Plans
Equity securities17.0%to32.5 %35.0%to45.0%
Debt securities61.0%to81.0 %30.0%to40.0%
Annuities— %to— %10.0%to20.0%
Real estate0.5 %to4.3 %—%to10.0%
Other— %to5.0 %—%to5.0%
Defined Benefit Plan Fair Value Of Plan Assets By Category [Table Text Block]
The fair values of the assets at December 31, 2022, and 2021, by asset category are as follows:
Asset CategoryLevel of Valuation InputFair ValueInvestments valued using NAV per shareTotal
U.S Plans
Cash and cash equivalentsLevel 1$3.9 $— $3.9 
U.S. equity index funds— 39.6 39.6 
International equity index funds— 17.0 17.0 
Real estate— 5.0 5.0 
General bond index funds— 161.3 161.3 
Total fair value$3.9 $222.9 $226.8 
Non U.S. Plans
Cash and cash equivalentsLevel 1$3.4 $— $3.4 
AnnuitiesLevel 360.1 — 60.1 
Pooled investment funds— 268.4 268.4 
Total fair value$63.5 $268.4 $331.9 
Asset CategoryLevel of Valuation InputFair ValueInvestments valued using NAV per shareTotal
U.S Plans
Cash and cash equivalentsLevel 1$4.3 $— $4.3 
U.S. equity index funds — 52.552.5
International equity index funds— 22.1 22.1 
Real estate index fund— 7.6 7.6 
General bond index funds— 213.4 213.4 
Total fair value$4.3 $295.6 $299.9 
Non U.S. Plans
Cash and cash equivalentsLevel 1$19.5 $— $19.5 
AnnuitiesLevel 397.9 — 97.9 
Pooled investment funds— 427.2 427.2 
Total fair value$117.4 $427.2 $544.6 
The fair market value of index funds and pooled investment funds are valued using the net asset value (NAV) unit price provided by the fund administrator. The NAV is based on the value of the underlying assets owned by the fund. The fair value of annuity investments are based on discounted cash flow techniques using unobservable valuation inputs such as discount rates and actuarial mortality tables.
Fair Value Measurement of Level 3 Pension AssetsAnnuities
Balance at January 1, 2021$58.7 
Actual return on plan assets39.2 
Balance at December 31, 202197.9 
Actual return on plan assets(37.8)
Balance at December 31, 2022$60.1 
Assumed Benefit Payments By Year [Table Text Block]
The following assumed benefit payments under the Company's post-retirement benefit plan, which reflect expected future service, as appropriate, and which were used in the calculation of projected benefit obligations, are expected to be paid as follows:
2023$0.6 
20240.6 
20250.5 
20260.4 
20270.3 
Years 2028 and thereafter1.1