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RETIREMENT PLANS AND OTHER BENEFITS (Tables)
 12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
Information regarding the Company’s plans, including U.S. SERP, was as follows (in millions, except percent values):
 U.S. Pension BenefitsNon-U.S. Pension BenefitsOther Benefits
 202120202021202020212020
Accumulated benefit obligation at end of year$43.6 $46.1 $149.5 $165.2   
Change in benefit obligation:     
Benefit obligation at beginning of year$46.1 $43.1 $167.3 $153.0 $2.4 $2.8 
Service cost— — 1.1 1.5 — — 
Interest cost1.1 1.4 2.3 2.8 0.1 0.1 
Settlements— — — (1.3)— — 
Curtailments— — — (1.0)— — 
Plan amendments— — (0.2)0.4 — — 
Actuarial loss (gain)(1)
(1.2)4.0 (10.0)12.5 (0.1)(0.2)
Benefits paid(2.4)(2.4)(6.8)(6.5)(0.3)(0.3)
Foreign exchange effect— — (2.4)5.9 — — 
Benefit obligation at end of year43.6 46.1 151.3 167.3 2.1 2.4 
Change in plan assets:     
Fair value of plan assets at beginning of year— — 139.9 122.1 — — 
Actual return on plan assets— — 6.1 13.8 — — 
Settlements— — — (1.3)— — 
Employer contribution2.4 2.4 7.1 7.1 0.3 0.3 
Employee contribution— — 0.2 0.4 — — 
Benefits paid(2.4)(2.4)(6.8)(6.5)(0.3)(0.3)
Foreign exchange effect— — (1.3)4.3 — — 
Fair value of plan assets at end of year— — 145.2 139.9 — — 
Funded status$(43.6)$(46.1)$(6.1)$(27.4)$(2.1)$(2.4)
Amounts recognized in the statement of financial position are included in:
   
Other assets$— $— $7.5 $— $— $— 
Other current liabilities$2.3 $2.3 $0.5 $0.6 $0.3 $0.3 
Other non-current liabilities41.3 43.8 13.1 26.8 1.8 2.1 
Total liabilities$43.6 $46.1 $13.6 $27.4 $2.1 $2.4 
Amounts recognized in accumulated other comprehensive loss consist of:
     
Actuarial net loss$5.6 $7.1 $38.4 $52.1 $— $0.2 
Prior service cost— — 2.6 3.0 — — 
Total amounts recognized in accumulated other comprehensive loss
$5.6 $7.1 $41.0 $55.1 $— $0.2 

(1) Actuarial gains related to U.S. and non-U.S. pension benefits for the year ended December 31, 2021 were due primarily to higher discount rates when compared to the rate used in the prior year. Actuarial losses related to U.S. and non-U.S. pension benefits for the year ended December 31, 2020 were due primarily to lower discount rates when compared to the rate used in the prior year.
Schedule of Assumptions Used
 U.S. Pension BenefitsNon-U.S. Pension BenefitsOther Benefits
 202120202019202120202019202120202019
Weighted-average assumptions as of December 31:         
Discount rate(1)
2.80 %2.50 %3.31 %1.93 %1.42 %1.87 %2.58 %2.12 %3.10 %
Expected return on plan assetsN/AN/AN/A3.93 %3.93 %4.40 %N/AN/AN/A
Rate of compensation increase(1)
N/AN/AN/A0.18 %0.17 %0.17 %N/AN/AN/A

(1) The weighted average assumptions as of December 31 are used to calculate the funded status at the end of the current year and the net periodic cost for the subsequent year.
Schedule of Net Periodic Benefit Cost Not yet Recognized
 U.S. Pension BenefitsNon-U.S. Pension BenefitsOther Benefits
 202120202019202120202019202120202019
Components of net periodic cost:
Service cost$— $— $0.2 $1.1 $1.5 $1.9 $— $— $— 
Interest cost1.1 1.4 1.6 2.3 2.8 3.6 0.1 0.1 0.1 
Expected return on plan assets— — — (5.3)(5.4)(4.7)— — — 
Recognition of prior service cost— — — 0.1 0.1 0.1 — — — 
Amortization of actuarial loss0.3 — (0.5)2.1 1.7 1.5 — — — 
Settlements— — — — — 0.6 — — — 
Other— — (0.2)(0.2)(0.9)(0.7)— — — 
Net periodic cost$1.4 $1.4 $1.1 $0.1 $(0.2)$2.3 $0.1 $0.1 $0.1 
Schedule of Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
U.S. Pension BenefitsNon-U.S. Pension BenefitsOther Benefits
 202120202021202020212020
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss):
    
Net (gain) loss$(1.3)$4.0 $(10.7)$4.2 $(0.2)$(0.2)
Amortization of actuarial gain (loss)(0.2)— (2.1)(1.7)— — 
Amortization of prior service cost— — (0.1)(0.2)— — 
Foreign exchange effect— — (1.2)1.9 — — 
Total recognized in other comprehensive income (loss)
$(1.5)$4.0 $(14.1)$4.2 $(0.2)$(0.2)
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets For the Company’s plans, including the U.S. SERP, that have accumulated benefit obligations in excess of plan assets, the projected benefit obligation, accumulated benefit obligation and fair value of plan assets were (in millions):
U.S. Pension
Benefits
Non-U.S. Pension Benefits
2021202020212020
Projected benefit obligation$43.6 $46.1 $52.2 $167.3 
Accumulated benefit obligation$43.6 $46.1 $50.4 $165.2 
Fair value of plan assets$— $— $38.6 $139.9 
Schedule of Fair Value of Plan Assets by Measurement Levels
The fair value of the Company’s plan assets at December 31, 2021 are as follows (in millions):
Non-U.S. Pension Plans
 TotalLevel 1Level 2Level 3
Cash, including money market funds$2.3 $2.3 $— $— 
U.S. equities22.5 — 22.5 — 
Non-U.S. equities16.5 — 16.5 — 
Non-U.S. corporate bond funds2.3 — 2.3 — 
Non-U.S. governmental fixed income funds29.1 — 29.1 — 
Group annuity insurance contracts34.1 — — 34.1 
Real estate3.9 — 3.9 — 
Other securities34.5 — 34.5 — 
Total investments measured at fair value145.2 $2.3 $108.8 $34.1 
 
The fair value of the Company’s plan assets at December 31, 2020 are as follows (in millions):
Non-U.S. Pension Plans
 TotalLevel 1Level 2Level 3
Cash, including money market funds$4.4 $4.4 $— $— 
U.S. equities18.4 — 18.4 — 
Non-U.S. equities14.4 — 14.4 — 
Non-U.S. corporate bond funds2.9 — 2.9 — 
Non-U.S. governmental fixed income funds36.8 — 36.8 — 
Group annuity insurance contracts35.3 — — 35.3 
Real estate3.8 — 3.8 — 
Other securities23.9 — 23.9 — 
Total investments measured at fair value$139.9 $4.4 $100.2 $35.3 
Schedule of changes in fair value measurements of Level 3 investments
Changes in fair value measurements of Level 3 investments during the years ended December 31, 2021 and 2020 are as follows (in millions):
December 31, 2021December 31, 2020
Balance at beginning of year$35.3 $35.5 
Actuarial gain (loss)1.4 0.8 
Interest Income0.3 0.3 
Transfers into (out of) Level 3(2.4)(2.4)
Foreign exchange effect(0.5)1.1 
Balance at end of year$34.1 $35.3 
Schedule of Expected Benefit Payments The Company’s estimated future benefit payments under its plans are as follows (in millions):
Year Ending December 31,U.S. Pension BenefitsNon-U.S. Pension BenefitsOther Benefits
2022$2.4 $5.6 $0.3 
2023$2.5 $6.2 $0.2 
2024$2.5 $6.4 $0.2 
2025$2.5 $6.6 $0.2 
2026$2.5 $6.7 $0.1 
2027-2031$12.2 $34.0 $0.5