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Pension and Other Postemployment Benefits (Tables)

12 Months Ended

Dec. 31, 2021

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


	Year Ended December 31,
	2021		2020		2019
Service cost	$	5.2	$	7.5	$	7.9
Interest cost	4.2		7.7		8.2
Expected return on plan assets	(1.5)		(2.6)		(3.5)
Amortization of prior service cost	0.8		0.8		0.8
Amortization of actuarial loss	9.3		6.7		2.5
	$	18.0	$	20.1	$	15.9

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


	Year Ended December 31,
	2021		2020		2019
Discount rate	1.4	%	2.4	%	2.9	%
Compensation increases	2.7	%	2.5	%	2.5	%
Expected return on plan assets	5.0	%	5.1	%	5.5	%

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


	December 31,
	2021		2020
Benefit Obligation:
January 1	$	309.3	$	293.5
Service cost	5.2		7.5
Interest cost	4.2		7.7
Amendments, curtailments and settlements	(0.4)		(0.2)
Actuarial (gain) loss	(13.9)		17.2
Benefits paid	(8.1)		(13.5)
Foreign currency translation	(6.9)		(2.9)
December 31	$	289.4	$	309.3
Fair Value of Plan Assets:
January 1	$	63.3	$	64.3
Actual return on plan assets	4.1		5.0
Employer contributions	6.4		9.1
Benefits paid	(8.1)		(13.5)

Foreign currency translation and other	(2.7)		(1.6)
December 31	$	63.0	$	63.3

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, 2021, 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,
	2021		2020		2019
Service cost	$	4.8	$	4.6	$	4.4
Interest cost	2.1		3.4		4.3
Amortization of prior service cost	4.1		4.3		4.5
Amortization of actuarial loss	3.9		2.1		0.9
	$	14.9	$	14.4	$	14.1

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

At December 31, 2021 and 2020, the benefit obligation and balance sheet classification were (in millions):

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

At December 31, 2021, the estimated benefits expected to be paid over the next 10 years are (in millions):