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Retirement Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
The following tables present the fair value hierarchy for those assets and liabilities on the Consolidated Balance Sheets measured at fair value on a recurring basis as of December 31, 2019 and 2018:
 
December 31, 2019
  
Total
Level 1
Level 2
Level 3
Assets:
 
 
 
 
Cash and cash equivalents
$
160.7

$
158.2

$
2.5

$
—

Cash and cash equivalents measured at net
asset value
48.8







Restricted cash
6.7

6.7

—

—

Short-term investments
25.7

—

25.7

—

Short-term investments measured at net asset value
0.1







Foreign currency hedges
7.6

—

7.6

—

Total Assets
$
249.6

$
164.9

$
35.8

$
—

 
 
 
 
 
Liabilities:
 
 
 
 
Foreign currency hedges
$
1.4

$
—

$
1.4

$
—

Total Liabilities
$
1.4

$
—

$
1.4

$
—


 
December 31, 2018
  
Total
Level 1
Level 2
Level 3
Assets:
 
 
 
 
Cash and cash equivalents
$
105.9

$
104.4

$
1.5

$
—

Cash and cash equivalents measured at net
asset value
26.6







Restricted cash
0.6

0.6

—

—

Short-term investments
21.8

—

21.8

—

Short-term investments measured at net asset value
—







Foreign currency hedges
4.6

—

4.6

—

Total Assets
$
159.5

$
105.0

$
27.9

$
—

 
 
 
 
 
Liabilities:
 
 
 
 
Foreign currency hedges
$
0.7

$
—

$
0.7

$
—

Total Liabilities
$
0.7

$
—

$
0.7

$
—
Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
The following tables set forth the change in benefit obligation, change in plan assets, funded status and amounts recognized on the Consolidated Balance Sheets for the defined benefit pension plans as of December 31, 2019 and 2018:
 
U.S. Plans
International Plans
 
2019
2018
2019
2018
Change in benefit obligation:
 
 
 
 
Benefit obligation at beginning of year
$
586.6

$
643.0

$
300.3

$
335.2

Service cost
10.7

12.6

1.5

1.7

Interest cost
23.5

24.0

7.3

7.2

Plan amendments
—

—

—

3.6

Actuarial losses (gains)
74.9

(36.7
)
29.1

(7.4
)
International plan exchange rate change
—

—

7.6

(17.2
)
Curtailments
—

(10.2
)
—

—

Benefits paid
(61.0
)
(95.8
)
(17.4
)
(24.8
)
Acquisitions
—

49.7

0.4

2.0

Benefit obligation at end of year
$
634.7

$
586.6

$
328.8

$
300.3
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
 
U.S. Plans
International Plans
 
2019
2018
2019
2018
Change in plan assets:
 
 
 
 
Fair value of plan assets at beginning of year
$
448.3

$
531.9

$
254.6

$
292.4

Actual return on plan assets
104.2

(37.5
)
21.9

(5.1
)
Company contributions / payments
28.7

5.3

6.7

6.0

International plan exchange rate change
—

—

8.9

(15.4
)
Acquisitions
—

44.4

—

1.5

Benefits paid
(61.0
)
(95.8
)
(17.4
)
(24.8
)
Fair value of plan assets at end of year
520.2

448.3

274.7

254.6

Funded status at end of year
$
(114.5
)
$
(138.3
)
$
(54.1
)
$
(45.7
)
Net periodic benefit cost for the Company's retirement benefit plans
The following tables summarize the net periodic benefit cost information and the related assumptions used to measure the net periodic benefit cost for the years ended December 31:
 
U.S. Plans
International Plans
 
2019
2018
2017
2019
2018
2017
Components of net periodic benefit cost:
 
 
 
 
 
 
Service cost
$
10.7

$
12.6

$
12.2

$
1.5

$
1.7

$
1.6

Interest cost
23.5

24.0

$
24.6

7.3

7.2

$
7.5

Expected return on plan assets
(25.8
)
(29.3
)
$
(28.0
)
(10.2
)
(11.6
)
$
(11.1
)
Amortization of prior service cost
1.6

1.7

1.4

0.2

0.1

$
—

Recognition of net actuarial (gains)
   losses
(3.5
)
30.0

23.1

17.4

8.8

$
0.1

Curtailment gains
—

(10.2
)
(1.1
)
—

—

$
—

Net periodic benefit cost (credit)
$
6.5

$
28.8

$
32.2

$
16.2

$
6.2

$
(1.9
)
Defined Benefit Plans Amounts recognized on the Consolidated Balance Sheets
Amounts recognized on the Consolidated Balance Sheets:
 
 
 
 
Non-current assets
$
—

$
—

$
3.4

$
6.2

Current liabilities
(5.4
)
(27.4
)
(1.5
)
(1.5
)
Non-current liabilities
(109.1
)
(110.9
)
(56.0
)
(50.4
)
 
$
(114.5
)
$
(138.3
)
$
(54.1
)
$
(45.7
)
Defined Benefit Plans Amounts recognized in accumulated other comprehensive income
Amounts recognized in accumulated other comprehensive loss:
 
 
 
 
Net prior service cost
$
4.8

$
6.4

$
3.9

$
4.0

Accumulated other comprehensive loss
$
4.8

$
6.4

$
3.9

$
4.0


Changes in prior service cost recognized in accumulated other comprehensive loss:
 
 
 
 
Accumulated other comprehensive loss at beginning of year
$
6.4

$
8.1

$
4.0

$
0.5

Prior service cost
—

—

—

3.6

Recognized prior service cost
(1.6
)
(1.7
)
(0.2
)
(0.1
)
Foreign currency impact
—

—

0.1

—

Total recognized in accumulated other comprehensive loss at December 31
$
4.8

$
6.4

$
3.9

$
4.0
Target assets allocation and actual asset allocations for US pension plan assets
The Company’s target allocation for pension plan assets, as well as the actual pension plan asset allocations as of December 31, 2019 and 2018, was as follows: 
 
Current Target
Allocation
Percentage of Pension Plan
Assets at December 31,
Asset Category
 
 
 
2019
2018
Equity securities
16%
to
22%
21%
18%
Fixed income securities
70%
to
80%
74%
76%
Other investments
4%
to
8%
5%
6%
Total
 
 
 
100%
100%
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
The following table presents the fair value hierarchy for those investments of the Company’s pension assets measured at fair value on a recurring basis:
 
December 31, 2019
December 31, 2018
 
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Total
Assets:
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
17.1

$
—

$
—

$
17.1

$
19.4

$
—

$
—

$
19.4

Government and agency securities
35.8

3.0

—

38.8

29.9

2.7

—

32.6

Corporate bonds - investment grade
—

79.5

—

79.5

—

71.7

—

71.7

Equity securities - U.S. companies
0.1

—

—

0.1

—

—

—

—

Common collective funds - fixed income
42.0

—

—

42.0

36.0

—

—

36.0

Mutual funds - fixed income
66.9

—

—

66.9

60.8

—

—

60.8

Mutual funds - international equity
36.0

—

—

36.0

24.0

—

—

24.0

Mutual funds - domestic equity
3.2

—

—

3.2

2.6

—

—

2.6

Mutual funds - other assets
1.4

—

—

1.4

1.2

—

—

1.2

Other assets
—

—

—

—

0.1

—

—

0.1

 
$
202.5

$
82.5

$
—

$
285.0

$
174.0

$
74.4

$
—

$
248.4

 
 
 
 
 
 
 
 
 
Investments measured at net asset value:
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
 
 
$
0.2

 
 
 
$
0.2

Equity securities - international companies
 
 
 
1.0

 
 
 
2.2

Common collective funds - domestic equities
 
 
 
76.3

 
 
 
54.0

Common collective funds - international equities
 
 
 
31.9

 
 
 
23.0

Common collective funds - fixed income
 
 
 
202.5

 
 
 
177.5

Common collective funds - diversified growth
 
 
 
17.9

 
 
 
18.5

Limited partnerships
 
 
 
18.7

 
 
 
24.0

Real estate partnerships
 
 
 
11.2

 
 
 
11.8

Other liability-driven investments
 
 
 
128.2

 
 
 
122.9

Other assets
 
 
 
22.0

 
 
 
20.4

 Total Assets

 
 
$
794.9

 
 
 
$
702.9
Employer contributions to defined benefit plans
Employer Contributions to Defined Benefit Plans
 
2018
$
11.3

2019
35.4

2020 (planned)
11.8
Future pension benefit payments
Future benefit payments, including estimated lump sum distributions, are expected to be as follows:
Benefit Payments
 
2020
$
85.1

2021
82.1

2022
72.4

2023
66.7

2024
62.2

2025-2029
283.5
Defined Benefit Plan, Assumptions [Table Text Block]
Assumptions
2019
2018
2017
U.S. Plans:
 
 
 
Discount rate
3.67% to 4.43%

3.75% to 3.94%

4.34% to 4.50%
Future compensation assumption
2.50
%
2.50
%
2.50% to 3.00%
Expected long-term return on plan assets
5.35% to 6.25%

5.75% to 6.50%

5.75% to 6.50%
International Plans:
 
 
 
Discount rate
1.50% to 11.00%

1.25% to 9.00%

1.25% to 9.00%
Future compensation assumption
2.00% to 8.23%

2.00% to 8.00%

2.00% to 8.00%
Expected long-term return on plan assets
2.50% to 9.00%

2.50% to 9.00%

0.75% to 9.25%