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EMPLOYEE BENEFIT PLANS Schedule of Net Benefit Costs (Tables)
6 Months Ended
Jun. 30, 2023
Postemployment Benefits [Abstract]  
Schedule of Net Benefit Costs [Table Text Block]
The following table sets forth the components of net periodic pension (benefit) cost for the Company's defined benefit plans:
Three Months Ended
(In millions)June 30, 2023June 30, 2022June 30, 2023June 30, 2022June 30, 2023June 30, 2022
Domestic Plans(1)
Foreign Plans(2)
Total
Service cost$— $— $1.2 $2.1 $1.2 $2.1 
Interest cost0.6 2.1 2.9 2.3 3.5 4.4 
Expected return on plan assets(0.6)(3.5)(3.0)(4.2)(3.6)(7.7)
Recognized actuarial gain(3)
— — (0.3)(0.2)(0.3)(0.2)
Net periodic pension (benefit) cost$— $(1.4)$0.8 $— $0.8 $(1.4)
Six Months Ended
(In millions)June 30, 2023June 30, 2022June 30, 2023June 30, 2022June 30, 2023June 30, 2022
Domestic Plans(1)
Foreign Plans(2)
Total
Service cost$— $— $2.4 $4.3 $2.4 $4.3 
Interest cost3.2 4.2 5.7 4.6 8.9 8.8 
Expected return on plan assets(3.0)(7.0)(6.0)(8.5)(9.0)(15.5)
Recognized actuarial gain(3)
— — (0.6)(0.4)(0.6)(0.4)
Net periodic pension (benefit) cost$0.2 $(2.8)$1.5 $— $1.7 $(2.8)
(1)    Defined as the Anixter Inc. Pension Plan, Anixter Inc. Executive Benefit Plan, and the Anixter Inc. Supplemental Executive Retirement Plan.
(2)    Defined as the EECOL Electric ULC Retirement Plan, the EECOL Electric ULC Supplemental Executive Retirement Plan, the Pension Plan for Employees of Anixter Canada Inc., and various defined benefit pension plans covering employees of foreign subsidiaries in Europe.
(3)    For the three and six months ended June 30, 2023 and 2022, no material amounts were reclassified from accumulated other comprehensive income into net income.