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Pension Plan (Tables)
9 Months Ended
Sep. 30, 2022
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plans

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

 

         
  

Nine Months Ended

September 30,

 
   2022   2021 
   (in millions) 
Components of net periodic pension benefit cost:          
Interest cost  $1.6   $1.2 
Expected return on plan assets   (2.5)   (2.1)
Net periodic benefit  $(0.9)  $(0.9)
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:

 

  

September 30,

2022

  

December 31,

2021

 
   (in millions) 
Change in benefit obligation:          
Benefit obligation at beginning of period  $114.7   $127.8 
Prior service cost   0.9     
Interest cost   1.6    1.6 
Actuarial gain   (40.5)   (9.8)
Benefits paid   (2.6)   (3.5)
Foreign currency translation adjustments   (15.2)   (1.4)
Benefit obligation at end of period  $58.9   $114.7 
Change in plan assets:          
Fair value of plan assets at beginning of period  $117.7   $118.7 
Actual (loss) gain on plan assets   (40.4)   2.5 
Employer contributions   1.1    1.5 
Benefits paid   (2.6)   (3.5)
Foreign currency translation adjustments   (16.1)   (1.5)
Fair value of assets at end of period  $59.7   $117.7 
Amount recognized in the consolidated balance sheets:          
Overfunded status (non-current)  $0.8   $3.0 
Net amount recognized  $0.8   $3.0