XML 51 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2018
Defined Benefit Plan [Abstract]  
Schedule of Defined Benefit Plans Disclosures
 
U.S. Pension Benefits
 
Non-U.S. Pension Benefits
 
Other Benefits
 
Total
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Change in benefit obligation:
 

 
 

 
 

 
 

 
 

 
 

 
 
 
 
Benefit obligation at beginning of year
$
142,571

 
$
138,155

 
$
918,478

 
$
838,277

 
$
2,673

 
$
2,985

 
$
1,063,722

 
$
979,417

Service cost, gross
1,090

 
565

 
30,721

 
29,600

 

 

 
31,811

 
30,165

Interest cost
4,242

 
4,374

 
8,630

 
8,511

 
66

 
70

 
12,938

 
12,955

Actuarial losses (gains)
(10,019
)
 
6,979

 
(40,469
)
 
33,036

 
(167
)
 
18

 
(50,655
)
 
40,033

Plan amendments and other

 

 
974

 
(15,153
)
 
(8
)
 
137

 
966

 
(15,016
)
Benefits paid
(7,682
)
 
(7,502
)
 
(36,379
)
 
(30,356
)
 
(378
)
 
(537
)
 
(44,439
)
 
(38,395
)
Impact of foreign currency

 

 
(17,860
)
 
54,563

 

 

 
(17,860
)
 
54,563

Benefit obligation at end of year
$
130,202

 
$
142,571

 
$
864,095

 
$
918,478

 
$
2,186

 
$
2,673

 
$
996,483

 
$
1,063,722

Change in plan assets:
 

 
 

 
 

 
 

 
 

 
 

 
 
 
 
Fair value of plan assets at beginning of year
$
111,567

 
$
104,103

 
$
808,215

 
$
716,169

 
$

 
$

 
$
919,782

 
$
820,272

Actual return on plan assets
(8,419
)
 
14,869

 
(34,102
)
 
49,055

 

 

 
(42,521
)
 
63,924

Employer contributions
75

 
97

 
26,032

 
22,961

 
227

 
400

 
26,334

 
23,458

Plan participants’ contributions

 

 
15,176

 
13,503

 
151

 
137

 
15,327

 
13,640

Benefits paid
(7,682
)
 
(7,502
)
 
(36,379
)
 
(30,356
)
 
(378
)
 
(537
)
 
(44,439
)
 
(38,395
)
Impact of foreign currency and other

 

 
(11,532
)
 
36,883

 

 

 
(11,532
)
 
36,883

Fair value of plan assets at end of year
$
95,541

 
$
111,567

 
$
767,410

 
$
808,215

 
$

 
$

 
$
862,951

 
$
919,782

Funded status
$
(34,661
)
 
$
(31,004
)
 
$
(96,685
)
 
$
(110,263
)
 
$
(2,186
)
 
$
(2,673
)
 
$
(133,532
)
 
$
(143,940
)
Schedule of Amounts Recognized in Balance Sheet
 
U.S. Pension Benefits
 
Non-U.S. Pension Benefits
 
Other Benefits
 
Total
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Other non-current assets
$

 
$

 
$
46,014

 
$
40,493

 
$

 
$

 
$
46,014

 
$
40,493

Accrued and other liabilities
(110
)
 
(88
)
 
(4,884
)
 
(4,990
)
 
(431
)
 
(411
)
 
(5,425
)
 
(5,489
)
Pension and other post-retirement liabilities
(34,551
)
 
(30,916
)
 
(137,815
)
 
(145,766
)
 
(1,755
)
 
(2,262
)
 
(174,121
)
 
(178,944
)
Accumulated other comprehensive loss (income)
61,344

 
61,819

 
260,820

 
254,870

 
(910
)
 
(2,365
)
 
321,254

 
314,324

Total
$
26,683

 
$
30,815

 
$
164,135

 
$
144,607

 
$
(3,096
)
 
$
(5,038
)
 
$
187,722

 
$
170,384

Schedule of Net Periodic Benefit Cost Not yet Recognized
 
U.S. Pension
Benefits
 
Non-U.S. Pension
Benefits
 
Other Benefits
 
Total
 
Total, After Tax
Plan amendments and prior service cost
$

 
$
(22,541
)
 
$

 
$
(22,541
)
 
$
(17,873
)
Actuarial losses (gains)
61,344

 
283,361

 
(910
)
 
343,795

 
266,332

Total
$
61,344

 
$
260,820

 
$
(910
)
 
$
321,254

 
$
248,459

Schedule of Changes in Accumulated Postemployment Benefit Obligations
 
U.S. Pension
Benefits
 
Non-U.S. Pension
Benefits
 
Other Benefits
 
Total
 
Total, After Tax
Net actuarial losses (gains)
$
5,329

 
$
24,637

 
$
(167
)
 
$
29,799

 
$
23,326

Plan amendment

 
974

 

 
974

 
780

Amortization of:
 
 
 
 
 
 


 
 
Actuarial (losses) gains
(5,804
)
 
(21,521
)
 
1,250

 
(26,075
)
 
(20,173
)
Plan amendments and prior service cost

 
6,947

 
372

 
7,319

 
5,807

Impact of foreign currency

 
(5,087
)
 

 
(5,087
)
 
(3,522
)
Total
$
(475
)
 
$
5,950

 
$
1,455

 
$
6,930

 
$
6,218

Schedule of Assumptions Used in Computing Benefit Obligation
 
U.S.
 
Non-U.S.
 
2018
 
2017
 
2018
 
2017
Discount rate
4.11
%
 
3.49
%
 
1.22
%
 
0.97
%
Compensation increase rate
n/a

 
n/a

 
0.87
%
 
0.87
%
Expected long-term rate of return on plan assets
6.50
%
 
6.50
%
 
3.84
%
 
3.86
%
Schedule of Assumptions Used in Computing Pension Cost
 
U.S.
 
Non-U.S.
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Discount rate
3.49
%
 
3.97
%
 
4.27
%
 
0.97
%
 
0.98
%
 
1.31
%
Compensation increase rate
n/a

 
n/a

 
n/a

 
0.87
%
 
0.85
%
 
1.03
%
Expected long-term rate of return on plan assets
6.50
%
 
6.75
%
 
7.25
%
 
3.86
%
 
4.09
%
 
4.58
%
Schedule of Net Benefit Costs [Table Text Block]
Net periodic pension cost and net periodic post-retirement benefit for the defined benefit plans and U.S. post-retirement plan include the following components for the years ended December 31:
 
U.S.
 
Non-U.S.
 
Other Benefits
 
Total
2018
 
2017
 
2016
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Service cost, net
$
1,090

 
$
565

 
$
432

 
$
15,545

 
$
16,341

 
$
16,804

 
$

 
$

 
$

 
$
16,635

 
$
16,906

 
$
17,236

Interest cost on projected benefit obligations
4,242

 
4,374

 
4,428

 
8,630

 
8,511

 
10,664

 
66

 
70

 
76

 
12,938

 
12,955

 
15,168

Expected return on plan assets
(6,929
)
 
(6,737
)
 
(7,781
)
 
(31,005
)
 
(30,349
)
 
(33,168
)
 

 

 

 
(37,934
)
 
(37,086
)
 
(40,949
)
Recognition of actuarial losses/(gains) and prior service costs
5,804

 
6,556

 
7,606

 
14,575

 
16,247

 
12,923

 
(1,623
)
 
(2,674
)
 
(4,567
)
 
18,756

 
20,129

 
15,962

Settlement charge

 

 
7,963

 

 

 

 

 

 

 

 

 
7,963

Net periodic pension cost / (benefit)
$
4,207

 
$
4,758

 
$
12,648

 
$
7,745

 
$
10,750

 
$
7,223

 
$
(1,557
)
 
$
(2,604
)
 
$
(4,491
)
 
$
10,395

 
$
12,904

 
$
15,380

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year
 
U.S. Pension
Benefits
 
Non-U.S.
Pension Benefits
 
Other Benefits
 
Total
Plan amendments and prior service costs
$

 
$
(6,798
)
 
$

 
$
(6,798
)
Actuarial losses (gains)
2,374

 
21,630

 
(691
)
 
23,313

Total
$
2,374

 
$
14,832

 
$
(691
)
 
$
16,515

Schedule of Allocation of Plan Assets
 
December 31, 2018
 
December 31, 2017
 
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
 
Observable
Inputs for
Identical
Assets
(Level 2)
 
Unobservable
Inputs
(Level 3)
 
Total
 
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
 
Observable
Inputs for
Identical
Assets
(Level 2)
 
Unobservable
Inputs
(Level 3)
 
Total
Asset Category:
 
 
 
 
 
 
 

 
 

 
 

 
 

 
 

Cash and Cash Equivalents
$
111,484

 
$

 
$

 
$
111,484

 
$
154,751

 
$

 
$

 
$
154,751

Equity Securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Mettler-Toledo Stock
2,436

 

 

 
2,436

 
3,154

 

 

 
3,154

Equity Mutual Funds:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

U.S.(1)
4,989

 
22,569

 

 
27,558

 
6,011

 
27,984

 

 
33,995

International(2)
68,544

 
45,892

 

 
114,436

 
80,836

 
61,341

 

 
142,177

Emerging Markets(3)
95,146

 
692

 

 
95,838

 
100,346

 
1,096

 

 
101,442

Fixed Income Securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Corporate/Government Bonds(4)
71,644

 

 

 
71,644

 
72,334

 

 

 
72,334

Fixed Income Mutual Funds:
 
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Insurance Contracts(5)

 
22,852

 
1,461

 
24,313

 

 
23,421

 
1,514

 
24,935

Core Bond(6)
95,493

 
54,448

 

 
149,941

 
136,157

 
57,499

 

 
193,656

Real Asset Mutual Funds:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Real Estate(7)
83,879

 
13,838

 

 
97,717

 
79,218

 
8,836

 

 
88,054

Commodities(8)
40,267

 

 

 
40,267

 
37,302

 

 

 
37,302

Other Types of Investments:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Debt Securities (9)
38,616

 

 

 
38,616

 

 

 

 

Global Allocation Funds(10)
11,195

 
10,562

 

 
21,757

 
11,781

 
12,545

 

 
24,326

Insurance Linked Securities(11)
18,664

 

 

 
18,664

 
12,147

 

 

 
12,147

Total assets in fair value hierarchy
$
642,357

 
$
170,853

 
$
1,461

 
$
814,671

 
$
694,037

 
$
192,722

 
$
1,514

 
$
888,273

Investments measured at net asset value:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
International(2)
 
 
 
 
 
 
2,792
 
 
 
 
 
 
 

Emerging Markets (3)
 
 
 
 
 
 
4,889
 
 
 
 
 
 
 
5,950
Multi-Strategy Fund of Hedge Funds (12)
 
 
 
 
 
 
40,599
 
 
 
 
 
 
 
25,559
Total pension assets at fair value
 
 
 
 
 
 
$
862,951

 
 
 
 
 
 
 
$
919,782

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
 
Commodities
 
Insurance
Contract
 
Total
Balance at December 31, 2016
$
5,594

 
$
1,300

 
$
6,894

Actual return on plan assets related to assets held at end of year

 
21

 
21

Sales
(5,711
)
 
(98
)
 
(5,809
)
Purchases

 
108

 
108

Impact of foreign currency
117

 
183

 
300

Balance at December 31, 2017
$

 
$
1,514

 
$
1,514

Actual return on plan assets related to assets held at end of year

 
14

 
14

Sales

 
(85
)
 
(85
)
Purchases

 
82

 
82

Impact of foreign currency

 
(64
)
 
(64
)
Balance at December 31, 2018
$

 
$
1,461

 
$
1,461

Schedule of Expected Benefit Payments
 
U.S. Pension
Benefits
 
Non-U.S. Pension
Benefits
 
Other Benefits Net of
Subsidy
 
Total
2019
$
8,051

 
$
43,494

 
$
431

 
$
51,976

2020
8,247

 
43,111

 
249

 
51,607

2021
8,396

 
45,220

 
231

 
53,847

2022
8,546

 
43,543

 
207

 
52,296

2023
8,698

 
44,397

 
180

 
53,275

2024-2028
43,532

 
222,671

 
666

 
266,869