Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2019

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Net Benefit Costs

NPPC for U.S. and international plans for 2019, 2018 and 2017 is as follows:

	U.S. Plans									International Plans
(In thousands)	2019			2018			2017			2019			2018			2017
Defined benefit pension plans:
Service cost	$	39		$	42		$	43		$	1,447		$	1,669		$	1,724
Interest cost	10,551			9,562			9,878			22,280			21,589			21,459
Expected return on plan assets	(10,297		)	(12,068		)	(10,485		)	(37,430		)	(42,685		)	(40,469		)
Recognized prior service costs	—			1			33			326			(140		)	186
Recognized losses	5,585			5,207			5,701			14,345			14,807			16,283
Settlement/curtailment loss (gain)	129			285			—			19			(36		)	(20		)
Defined benefit pension plan cost (income)	6,007			3,029			5,170			987			(4,796		)	(837		)
Multiemployer pension plans	727			686			650			1,167			1,313			1,306
Defined contribution plans	4,178			3,466			3,021			6,031			5,608			5,905
Net periodic pension cost	$	10,912		$	7,181		$	8,841		$	8,185		$	2,125		$	6,374

Schedule of Net Funded Status

The change in the financial status of the defined benefit pension plans and amounts recognized on the Consolidated Balance Sheets at December 31, 2019 and 2018 are as follows:

	U.S. Plans						International Plans
(In thousands)	2019			2018			2019			2018
Change in benefit obligation:
Benefit obligation at beginning of year	$	286,027		$	314,861		$	874,679		$	1,015,586
Service cost	39			42			1,447			1,669
Interest cost	10,551			9,562			22,280			21,589
Plan participants' contributions	—			—			36			49
Amendments	—			—			1,254			11,238
Actuarial (gain) loss	20,064			(21,474		)	93,330			(78,658		)
Settlements/curtailments	—			—			(343		)	(313		)
Benefits paid	(15,842		)	(16,964		)	(37,396		)	(37,721		)
Effect of foreign currency	—			—			33,010			(58,760		)
Acquisitions/divestitures	(6,146		)	—			(9		)	—
Benefit obligation at end of year	$	294,693		$	286,027		$	988,288		$	874,679

	U.S. Plans						International Plans
(In thousands)	2019			2018			2019			2018
Change in plan assets:
Fair value of plan assets at beginning of year	$	205,388		$	229,941		$	744,538		$	842,717
Actual return on plan assets	37,665			(17,883		)	108,235			(30,004		)
Employer contributions	8,306			10,294			21,121			18,415
Plan participants' contributions	—			—			36			49
Settlements/curtailments	—			—			(343		)	(313		)
Benefits paid	(15,842		)	(16,964		)	(37,217		)	(37,570		)
Effect of foreign currency	—			—			28,275			(48,756		)
Acquisitions/divestitures	(9,249		)	—			(9		)	—
Fair value of plan assets at end of year	$	226,268		$	205,388		$	864,636		$	744,538
Funded status at end of year	$	(68,425	)	$	(80,639	)	$	(123,652	)	$	(130,141	)

Schedule of Amounts Recognized in Balance Sheet

Amounts recognized on the Consolidated Balance Sheets for defined benefit pension plans consist of the following at December 31, 2019 and 2018:

	U.S. Plans				International Plans
	December 31				December 31
(In thousands)	2019		2018		2019		2018
Noncurrent assets	$	—	$	1,953	$	987	$	2,379
Current liabilities	1,980		1,954		697		643
Noncurrent liabilities	64,465		80,638		123,942		131,876
Liabilities of assets held-for-sale	1,980		—		—		—
Accumulated other comprehensive loss	133,806		149,326		415,781		391,849

Schedule of Net Periodic Benefit Cost Not yet Recognized

Amounts recognized in Accumulated other comprehensive loss, for defined benefit pension plans consist of the following at December 31, 2019 and 2018:

	U.S. Plans				International Plans
(In thousands)	2019		2018		2019		2018
Net actuarial loss	$	133,806	$	149,326	$	408,709	$	384,666
Prior service cost	—		—		7,072		7,183
Total	$	133,806	$	149,326	$	415,781	$	391,849

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year

The estimated amounts that will be amortized from Accumulated other comprehensive loss into defined benefit pension plan NPPC in 2020 are as follows:

(In thousands)	U.S. Plans		International  Plans
Net actuarial loss	$	5,085	$	15,137
Prior service cost	—		392
Total	$	5,085	$	15,529

Schedule of Expected Benefit Payments

The expected benefit payments for defined benefit pension plans over the next ten years are as follows:

(In millions)	2020		2021		2022		2023		2024		2025-2029
U.S. Plans	$	25.7	$	17.5	$	17.6	$	17.5	$	17.4	$	84.7
International Plans	38.9		39.8		40.2		41.3		42.1		224.8

Schedule of Assumptions Used

The weighted-average actuarial assumptions used to determine the defined benefit pension plan obligations at

December 31, 2019 and 2018 were as follows:

	U.S. Plans				International Plans				Global Weighted-Average
	December 31				December 31				December 31
	2019		2018		2019		2018		2019		2018
Discount rates	3.2	%	4.2	%	2.1	%	2.9	%	2.4	%	3.2	%

The weighted-average actuarial assumptions used to determine the defined benefit pension plan NPPC for 2019, 2018 and 2017 were as follows:

	U.S. Plans December 31						International Plans December 31						Global Weighted-Average December 31
	2019		2018		2017		2019		2018		2017		2019		2018		2017
Discount rates	4.2	%	3.5	%	4.0	%	2.9	%	2.6	%	2.8	%	3.2	%	2.8	%	3.1	%
Expected long-term rates of return on plan assets	7.3	%	7.3	%	7.3	%	5.5	%	5.6	%	5.9	%	5.9	%	6.0	%	6.2	%

Schedule of Accumulated Benefit Obligations

The accumulated benefit obligation for all defined benefit pension plans at December 31, 2019 and 2018 was as follows:

	U.S. Plans				International Plans
	December 31				December 31
(In millions)	2019		2018		2019		2018
Accumulated benefit obligation	$	294.7	$	286.0	$	982.7	$	869.4

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets

The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for defined benefit pension plans with accumulated benefit obligations in excess of plan assets at December 31, 2019 and 2018 were as follows:

	U.S. Plans				International Plans
	December 31				December 31
(In millions)	2019		2018		2019		2018
Projected benefit obligation	$	294.7	$	279.2	$	966.3	$	831.7
Accumulated benefit obligation	294.7		279.2		961.1		828.9
Fair value of plan assets	226.3		196.6		841.9		701.4

U.S. Plans | Pension Plan

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Allocation of Plan Assets

The fair values of the Company's U.S. defined benefit pension plans' assets at December 31, 2018 by asset class are as follows:

(In thousands)	Total		Level 1		Investments Valued at Net Asset Value
Domestic equities:
Common stocks	$	8,937	$	8,937	$	—
Mutual funds—equities	54,002		54,002		—
International equities:
Mutual funds—equities	45,195		45,195		—
Fixed income investments:
Mutual funds—bonds	88,107		88,107		—
Other—mutual funds	7,703		7,703		—
Cash and money market accounts	1,444		1,444		—
Total	$	205,388	$	205,388	$	—

The asset allocations attributable to the Company's U.S. defined benefit pension plans at December 31, 2019 and 2018, and the long-term target allocation of plan assets, by asset category, are as follows:

	Target  Long-Term Allocation	Percentage of Plan Assets December 31
U.S. Plans Asset Category		2019		2018
Domestic equity securities	26%-36%	30.8	%	30.6	%
International equity securities	20%-30%	25.3	%	22.0	%
Fixed income securities	31%-41%	34.8	%	42.9	%
Cash and cash equivalents	Less than 5%	0.8	%	0.7	%
Other (a)	4%-14%	8.3	%	3.8	%

(a)

Investments within this caption include diversified global asset allocation funds and credit collection fund.

The fair values of the Company's U.S. defined benefit pension plans' assets at December 31, 2019 by asset class are as follows:

(In thousands)	Total		Level 1		Investments Valued at Net Asset Value (c)
Domestic equities:
Common stocks	$	8,285	$	8,285	$	—
Mutual funds—equities	61,346		61,346		—
International equities:
Mutual funds—equities	57,188		57,188		—
Fixed income investments:
Mutual funds—bonds	78,685		78,685		—
Other—mutual funds	8,764		8,764		—
Cash and money market accounts	1,816		1,816		—
Other—partnerships/joint ventures	10,184		—		10,184
Total	$	226,268	$	216,084	$	10,184

International Plans | Pension Plan

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Allocation of Plan Assets

The asset allocations attributable to the Company's international defined benefit pension plans at December 31, 2019 and 2018 and the long-term target allocation of plan assets, by asset category, are as follows:

International Plans Asset Category	Target Long-Term Allocation		Percentage of Plan Assets December 31
			2019		2018
Equity securities	29.0	%	31.6	%	29.2	%
Fixed income securities	50.0	%	48.5	%	50.7	%
Cash and cash equivalents	—		0.3	%	0.3	%
Other (b)	21.0	%	19.6	%	19.8	%

(b)

Investments within this caption include diversified growth funds and real estate funds.

The fair values of the Company's international defined benefit pension plans' assets at December 31, 2018 by asset class are as follows:

(In thousands)	Total		Level 1		Level 2
Equity securities:
Mutual funds—equities	$	217,321	$	—	$	217,321
Fixed income investments:
Mutual funds—bonds	372,094		—		372,094
Insurance contracts	5,620				5,620
Other:
Other mutual funds	147,313		—		147,313
Cash and money market accounts	2,190		2,190		—
Total	$	744,538	$	2,190	$	742,348

The fair values of the Company's international defined benefit pension plans' assets at December 31, 2019 by asset class are as follows:

(In thousands)	Total		Level 1		Level 2
Equity securities:
Mutual funds—equities	$	273,568	$	—	$	273,568
Fixed income investments:
Mutual funds—bonds	413,249		—		413,249
Insurance contracts	5,705		—		5,705
Other:
Other mutual funds	169,886		—		169,886
Cash and money market accounts	2,228		2,228		—
Total	$	864,636	$	2,228	$	862,408