Pension Plan (Tables)

6 Months Ended

Jun. 30, 2021

Retirement Benefits [Abstract]

Schedule of Defined Benefit Plans

The following table presents the components of our net periodic pension benefit cost:

	Six Months Ended June 30,
	2021			2020
	(in millions)
Components of net periodic pension benefit cost:
Interest cost	$	0.8		$	1.1
Expected return on plan assets		(1.4	)		(1.5	)
Net periodic benefit	$	(0.6	)	$	(0.4	)

Schedule of Pension Plans and their Reconciliation

The following table sets forth the estimate of the combined funded status of the pension plans and their reconciliation to the related amounts recognized in our consolidated financial statements at the respective measurement dates:

	June 30, 2021			December 31, 2020
	(in millions)
Change in benefit obligation:
Benefit obligation at beginning of period	$	127.8		$	110.4
Interest cost		0.8			2.2
Actuarial (gain)/loss		(7.1	)		14.5
Benefits paid		(1.3	)		(4.1	)
Foreign currency translation adjustments		1.6			4.8
Benefit obligation at end of period	$	121.8		$	127.8
Change in plan assets:
Fair value of plan assets at beginning of period	$	118.7		$	107.3
Actual (loss)/gain on plan assets		(0.6	)		9.8
Employer contributions		0.6			1.6
Benefits paid		(1.3	)		(4.1	)
Foreign currency translation adjustments		1.4			4.1
Fair value of assets at end of period	$	118.8		$	118.7
Amount recognized in the consolidated balance sheets:
Unfunded status (non-current)	$	(3.0	)	$	(9.1	)
Net amount recognized	$	(3.0	)	$	(9.1	)