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v3.20.2

PENSION PLANS (Tables) | 12 Months Ended
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Dec. 31, 2019
PENSION PLANS |
Schedule of retirement plans expense |
|  | U.S. Plans
|  | December 31, |  | December 31, |  | December 31,
|  | 2019 |  | 2018 |  | 2017
Company defined benefit plans: |  |  |  |  |  |  |  |  |
Service cost |  | $ | — |  | $ | — |  | $ | 0.1
Interest cost |  |  | — |  |  | — |  |  | 0.4
Expected return on plan assets |  |  | — |  |  | — |  |  | (0.6)
Net amortization |  |  | — |  |  | 0.2 |  |  | —
Net periodic pension expense |  |  | — |  |  | 0.2 |  |  | (0.1)
Settlement |  |  | — |  |  | (0.1) |  |  | 0.9
Defined contribution plans |  |  | 13.5 |  |  | 12.7 |  |  | 14.8
Total |  | $ | 13.5 |  | $ | 12.8 |  | $ | 15.6
|  | Non-U.S. Plans
|  | December 31, |  | December 31, |  | December 31,
|  | 2019 |  | 2018 |  | 2017
Company defined benefit plans: |  |  |  |  |  |  |  |  |
Service cost |  | $ | 2.4 |  | $ | 2.6 |  | $ | 2.8
Interest cost |  |  | 2.4 |  |  | 2.3 |  |  | 2.6
Expected return on plan assets |  |  | (0.9) |  |  | (0.7) |  |  | (0.9)
Net amortization |  |  | — |  |  | — |  |  | —
Net periodic pension expense |  |  | 3.9 |  |  | 4.2 |  |  | 4.5
Curtailment |  |  | — |  |  | (1.3) |  |  | (1.6)
Settlement |  |  | — |  |  | — |  |  | 0.1
Defined contribution plans |  |  | 2.8 |  |  | 3.7 |  |  | 2.6
Total |  | $ | 6.7 |  | $ | 6.6 |  | $ | 5.6
Schedule of actuarial present value of the projected benefit obligation and the fair value of plan assets for defined benefit pension plans |
|  | U.S. Plans
|  | December 31, |  | December 31,
|  | 2019 |  | 2018
Projected benefit obligation, beginning |  | $ | 0.9 |  | $ | 4.4
Service cost |  |  | — |  |  | —
Interest cost |  |  | — |  |  | —
Actuarial loss |  |  | — |  |  | (0.6)
Benefits paid |  |  | — |  |  | (0.2)
Acquisition/Divestiture |  |  | — |  |  | —
Settlements |  |  | — |  |  | (2.7)
Projected benefit obligation, ending |  | $ | 0.9 |  | $ | 0.9
Fair value of plan assets, beginning |  |  | — |  |  | 3.7
Employer contributions |  |  | 0.1 |  |  | 0.1
Benefits paid |  |  | (0.1) |  |  | (0.2)
Acquisition/Divestiture |  |  | — |  |  | —
Settlements |  |  | — |  |  | (2.7)
Foreign currency translation and other |  |  | — |  |  | (0.9)
Fair value of plan assets, ending |  | $ | — |  | $ | —
Net amount recognized in the balance sheet |  | $ | (0.9) |  | $ | (0.9)
Amounts recognized in the balance sheet: |  |  |  |  |  |
Noncurrent asset |  | $ | — |  | $ | —
Current liability |  |  | (0.1) |  |  | —
Noncurrent liability |  |  | (0.8) |  |  | (0.9)
Net amount recognized in the balance sheet |  | $ | (0.9) |  | $ | (0.9)
Accumulated other comprehensive loss |  | $ | — |  | $ | —
|  | Non-U.S. Plans
|  | December 31, |  | December 31,
|  | 2019 |  | 2018
Projected benefit obligation, beginning |  | $ | 75.5 |  | $ | 76.7
Service cost |  |  | 2.4 |  |  | 2.6
Interest cost |  |  | 2.4 |  |  | 2.3
Actuarial loss |  |  | 13.4 |  |  | 4.8
Benefits paid |  |  | (2.4) |  |  | (2.2)
Participant contributions |  |  | 0.3 |  |  | 0.3
Acquisition/Divestiture |  |  | — |  |  | —
Settlements |  |  | — |  |  | (0.1)
Curtailments |  |  | — |  |  | (4.1)
Foreign currency translation and other |  |  | (1.0) |  |  | (4.8)
Projected benefit obligation, ending |  | $ | 90.6 |  | $ | 75.5
Fair value of plan assets, beginning |  |  | 13.7 |  |  | 14.3
Actual return on plan assets |  |  | 1.0 |  |  | 0.2
Employer contributions |  |  | 2.4 |  |  | 2.1
Participants’ contributions |  |  | 0.3 |  |  | 0.3
Benefits paid |  |  | (2.4) |  |  | (2.2)
Acquisition/Divestiture |  |  | — |  |  | —
Settlements |  |  | — |  |  | (0.1)
Foreign currency translation and other |  |  | (0.1) |  |  | (0.9)
Fair value of plan assets, ending |  | $ | 14.9 |  | $ | 13.7
Net amount recognized in the balance sheet |  | $ | (75.7) |  | $ | (61.8)
Amounts recognized in the balance sheet: |  |  |  |  |  |
Noncurrent asset |  | $ | 0.5 |  | $ | 0.6
Current liability |  |  | (2.2) |  |  | (1.8)
Noncurrent liability |  |  | (74.0) |  |  | (60.6)
Net amount recognized in the balance sheet |  | $ | (75.7) |  | $ | (61.8)
Pretax accumulated other comprehensive (income) loss |  | $ | 15.0 |  | $ | 1.6
Schedule of benefit obligation and fair value of plan assets |
|  |  | December 31, |  | December 31,
|  | 2019 |  | 2018
Projected benefit obligation |  | $ | 83.7 |  | $ | 69.5
Accumulated benefit obligation |  |  | 75.5 |  |  | 64.1
Fair value of plan assets |  |  | 8.2 |  |  | 7.1
Schedule of weighted-average assumptions |
|  | U.S. Plans |  | Non-U.S. Plans |
|  | December 31, |  | December 31, |  | December 31, |  | December 31, |
|  | 2019 |  | 2018 |  | 2019 |  | 2018 |
Net pension expense |  |  |  |  |  |  |  |  |
Discount rate |  | 4.30 | % | 3.35 | % | 3.24 | % | 3.27 | %
Expected return on plan assets |  | — | % | — | % | 6.59 | % | 5.17 | %
Rate of compensation increase |  | — | % | — | % | 3.36 | % | 3.04 | %
Benefit obligations |  |  |  |  |  |  |  |  |
Discount rate |  | 2.95 | % | 4.30 | % | 2.51 | % | 3.24 | %
Rate of compensation increase |  | — | % | — | % | 3.46 | % | 3.36 | %
Schedule of plan assets allocations |
|  | Non-U.S. Plans |
|  | December 31, |  | December 31, |
|  | 2019 |  | 2018 |
Equity securities |  | — | % | — | %
Debt securities |  | 28 | % | 30 | %
Insurance arrangements |  | 53 | % | 50 | %
Cash |  | — | % | — | %
Other |  | 19 | % | 20 | %
Total |  | 100 | % | 100 | %
Schedule of fair values of defined benefit plan assets, organized by asset class |
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Percentage |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | — | %
Debt securities |  |  | — |  |  | 4.1 |  |  | — |  |  | 4.1 |  | 28 | %
Insurance arrangements |  |  | — |  |  | — |  |  | 7.8 |  |  | 7.8 |  | 53 | %
Cash |  |  | — |  |  | — |  |  | — |  |  | — |  | — | %
Other |  |  | 0.5 |  |  | — |  |  | 2.4 |  |  | 2.9 |  | 19 | %
Total |  | $ | 0.5 |  | $ | 4.1 |  | $ | 10.2 |  | $ | 14.8 |  | 100 | %
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | — | %
Debt securities |  |  | — |  |  | 4.1 |  |  | — |  |  | 4.1 |  | 30 | %
Insurance arrangements |  |  | — |  |  | — |  |  | 6.8 |  |  | 6.8 |  | 50 | %
Cash |  |  | — |  |  | — |  |  | — |  |  | — |  | — | %
Other |  |  | — |  |  | 0.6 |  |  | 2.2 |  |  | 2.8 |  | 20 | %
Total |  | $ | — |  | $ | 4.7 |  | $ | 9.0 |  | $ | 13.7 |  | 100 | %
Schedule of changes in value for Level 3 assets |
|  | Year Ended
|  | December 31, |  | December 31,
|  | 2019 |  | 2018
Level 3, beginning |  | $ | 9.0 |  | $ | 8.8
Gains (losses) on assets held |  |  | 0.7 |  |  | (0.3)
Purchases, sales and settlements, net |  |  | 0.5 |  |  | 0.5
Level 3, ending |  | $ | 10.2 |  | $ | 9.0

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