XML 38 R42.htm IDEA: XBRL DOCUMENT

Pension and Other Postemployment Benefits (Tables)

12 Months Ended

Dec. 31, 2019

The components of net periodic benefit expense were (in millions):


	Year Ended December 31,
	2019		2018		2017
Service cost	$	7.9	$	7.7	$	10.1
Interest cost	8.2		7.9		7.9
Expected return on plan assets	(3.5)		(2.8)		(3.6)
Amortization of prior service cost	0.8		4.4		4.6
Amortization of actuarial losses	2.5		6.9		7.0
	$	15.9	$	24.1	$	26.0

The weighted average assumptions used to determine net periodic benefit expense were:


	Year Ended December 31,
	2019		2018		2017
Discount rate	2.9	%	3.6	%	3.5	%
Compensation increases	2.5	%	2.5	%	2.0	%
Expected return on plan assets	5.5	%	5.8	%	5.3	%

The change in benefit obligation and fair value of plan assets of the defined benefit pension plans were (in millions):


	December 31,
	2019		2018
Benefit Obligation:
January 1	$	258.4	$	277.0
Service cost	7.9		7.7
Interest cost	8.2		7.9
Amendments, curtailments and settlements	1.4		0.1
Actuarial losses (gains)	28.8		(16.0)
Benefits paid	(9.2)		(23.1)
Foreign currency translation	(2.0)		4.8
December 31	$	293.5	$	258.4
Fair Value of Plan Assets:
January 1	$	57.4	$	80.3
Actual return on plan assets	8.7		(4.7)
Employer contributions	7.1		8.0
Benefits paid	(9.2)		(23.1)

Foreign currency translation and other	0.3		(3.1)
December 31	$	64.3	$	57.4

The funded status and balance sheet classification of the defined benefit pension plans were (in millions):

Plans with benefit obligations in excess of plan assets were (in millions):

The weighted average assumptions used to determine the benefit obligation were:

At December 31, 2019, the estimated benefits expected to be paid over the next 10 years are (in millions):

The components of net periodic benefit expense were (in millions):


	Year Ended December 31,
	2019		2018		2017
Service cost	$	4.4	$	4.7	$	4.4
Interest cost	4.3		3.6		3.7
Amortization of prior service cost	4.5		3.5		3.5
Amortization of actuarial losses	0.9		1.8		1.0
	$	14.1	$	13.6	$	12.6

The weighted average assumptions used to determine net periodic benefit expense were:

At December 31, 2019 and 2018, the benefit obligation and balance sheet classification were (in millions):

The weighted average assumptions used to determine the benefit obligation were:

At December 31, 2019, the estimated benefits expected to be paid over the next 10 years are (in millions):