Pension And Other Benefit Programs (Tables)

12 Months Ended

Dec. 31, 2023

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

Schedule Of Amounts Recognized In Assets And Liabilities

Amounts recognized in assets (liabilities) on the consolidated balance sheets at year end consist of:

	U.S. Pension Plans						Non-U.S. Pension Plan						Retiree Health and Life Insurance Benefits
	2023			2022			2023			2022			2023			2022
Prepaid pension costs	$	84.6		$	83.2		$	-		$	-		$	-		$	-
Accounts payable and accrued expenses		(2.7	)		(2.7	)		(0.1	)		(0.1	)		(5.2	)		(7.1	)
Postretirement benefit liabilities		-			-			-			-			(42.4	)		(54.8	)
Pension benefit liabilities		(25.0	)		(25.9	)		(1.9	)		(1.7	)		-			-
Net amount recognized	$	56.9		$	54.6		$	(2.0	)	$	(1.8	)	$	(47.6	)	$	(61.9	)

Schedule Of Amounts In Accumulated Other Comprehensive Income (Loss) At Year End

Pre-tax amounts recognized in accumulated other comprehensive (loss) income at year end consist of:

	U.S. Pension Plans						Retiree Health and Life Insurance Benefits
	2023			2022			2023		2022
Net actuarial (loss) gain	$	(172.4	)	$	(171.9	)	$	28.9	$	23.3
Prior service credit		-			-			0.9		1.2
Accumulated other comprehensive (loss) income	$	(172.4	)	$	(171.9	)	$	29.8	$	24.5

Schedule Of Expected Benefit Payments

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid over the next ten years for our U.S. plans:

	U.S. Pension Benefits (1)		Retiree Health and Life Insurance Benefits, Net
2024	$	19.2	$	5.3
2025		21.1		4.8
2026		22.4		4.6
2027		23.7		4.2
2028		24.4		4.0
2029 - 2033		126.5		16.6

(1)We were not required and did not make contributions to the RIP during 2023, 2022 or 2021 as, based on guidelines established by the Pension Benefit Guaranty Corporation, the RIP had sufficient assets to fund its distribution obligations. Benefit payments to RIP participants have been made directly from the RIP while benefit payments under the RBEP are funded by the Company.

Defined Benefit Pension Plans [Member]

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

Schedule Of Net Funded Status

	2023			2022
Change in benefit obligations:
Benefit obligations as of beginning of period	$	337.1		$	435.1
Service cost		2.6			3.7
Interest cost		16.9			10.5
Actuarial loss (gain)		13.7			(99.8	)
Benefits paid		(13.8	)		(12.4	)
Benefit obligations as of end of period	$	356.5		$	337.1

	2023			2022
Change in plan assets:
Fair value of plan assets as of beginning of period	$	391.7		$	506.7
Actual return on plan assets		32.7			(105.4	)
Employer contributions		2.8			2.8
Benefits paid		(13.8	)		(12.4	)
Fair value of plan assets as of end of period	$	413.4		$	391.7
Funded status	$	56.9		$	54.6

Schedule Of Assumptions Used

	2023			2022
Weighted-average assumptions used to determine benefit    obligations at end of period:
Discount rate		5.01	%		5.21	%
Rate of compensation increase		3.33	%		3.33	%
Weighted-average assumptions used to determine net periodic    benefit cost for the period:
Discount rate		5.21	%		2.97	%
Expected return on plan assets		6.50	%		3.75	%
Rate of compensation increase		3.33	%		3.05	%

Schedule Of Benefit Obligations In Excess Of Assets

	2023		2022
Pension plans with benefit obligations in excess of assets
RBEP Projected benefit obligation, December 31	$	27.7	$	28.6
RBEP Accumulated benefit obligation, December 31		27.7		28.6

Schedule Of Periodic Benefit Costs

The components of the pension cost for the U.S. defined benefit pension plans are as follows:

	2023			2022			2021
Service cost of benefits earned during the period	$	2.6		$	3.7		$	4.8
Interest cost on projected benefit obligation		16.9			10.5			9.0
Expected return on plan assets		(25.0	)		(18.4	)		(16.5	)
Amortization of net actuarial loss		5.4			4.2			3.5
Net periodic pension (credit) cost	$	(0.1	)	$	-		$	0.8

Schedule Of Defined Asset Allocation

Each asset class utilized by the RIP has defined asset allocation targets and allowable ranges. The table below shows the asset allocation targets and the December 31, 2023 and 2022 positions for each asset class:

	Target
	Weight at
	December 31,			Position at December 31,
Asset Class	2023			2023			2022
Long duration bonds		90.0	%		90.0	%		90.0	%
Equities, real estate and private equity		10.0	%		10.0	%		10.0	%

Summary Of Fair Value Of Assets Plan

The following table sets forth by level within the fair value hierarchy a summary of the RIP plan assets measured at fair value on a recurring basis:

	Value at December 31, 2023
Description	Level 1			Level 2		Level 3		Total
Collective trust funds - bonds	$	-		$	371.5	$	-	$	371.5
Collective trust funds - equities		-			34.3		-		34.3
Cash, other short-term investments and payables, net		(0.3	)		3.8		-		3.5
Net assets measured at fair value	$	(0.3	)	$	409.6	$	-	$	409.3
Investments measured at net asset value as a practical expedient									4.1
Net assets								$	413.4

	Value at December 31, 2022
Description	Level 1			Level 2		Level 3		Total
Collective trust funds - bonds	$	-		$	350.3	$	-	$	350.3
Collective trust funds - equities		-			32.6		-		32.6
Cash, other short-term investments and payables, net		(0.3	)		3.5		-		3.2
Net assets measured at fair value	$	(0.3	)	$	386.4	$	-	$	386.1
Investments measured at net asset value as a practical expedient									5.6
Net assets								$	391.7

Summary Of Assets Measured At NAV

The following table sets forth a summary of the RIP’s investments measured at NAV:

	Value at December 31, 2023
Description	Fair Value		Unfunded Commitments		Redemption Frequency	Redemption Notice Period
Real estate	$	4.1	$	2.2	Quarterly	60 days

	Value at December 31, 2022
Description	Fair Value		Unfunded Commitments		Redemption Frequency	Redemption Notice Period
Real estate	$	5.6	$	2.2	Quarterly	60 days

U.S. Defined-Benefit Retiree Health And Life Insurance Plans [Member]

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

Schedule Of Net Funded Status

	2023			2022
Change in benefit obligations:
Benefit obligation as of beginning of period	$	61.9		$	78.0
Interest cost		2.9			1.5
Plan participants' contributions		1.7			1.6
Actuarial gain		(11.6	)		(12.4	)
Benefits paid		(7.3	)		(6.8	)
Benefit obligations as of end of period	$	47.6		$	61.9

	2023			2022
Change in plan assets:
Fair value of plan assets as of beginning of period	$	-		$	-
Employer contributions		5.6			5.2
Plan participants' contributions		1.7			1.6
Benefits paid		(7.3	)		(6.8	)
Fair value of plan assets as of end of period	$	-		$	-
Funded status	$	(47.6	)	$	(61.9	)

Schedule Of Assumptions Used

	2023			2022
Weighted-average discount rate used to determine benefit obligations at end of period		4.96	%		5.12	%
Weighted-average discount rate used to determine net periodic benefit cost for the period		5.13	%		2.73	%

Schedule Of Periodic Benefit Costs

The components of postretirement benefit (credit) are as follows:

	2023			2022			2021
Interest cost on accumulated postretirement benefit obligation	$	2.9		$	1.5		$	1.2
Amortization of prior service (credit)		(0.3	)		(0.3	)		(0.3	)
Amortization of net actuarial gain		(5.9	)		(2.8	)		(2.2	)
Net periodic postretirement benefit (credit)	$	(3.3	)	$	(1.6	)	$	(1.3	)