XML 58 R46.htm IDEA: XBRL DOCUMENT v3.22.0.1

Note 18 - Pension and Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]

		Pension Plan and SERP								Postretirement Plan
		2021				2020				2021				2020
Change in benefit obligation:
Benefit obligation at January 1		$	459.9			$	443.6			$	7.5			$	8.2
Interest cost			11.0				12.6				0.1				0.2
Actuarial (gain) loss			(9.0	)			32.1				(0.9	)			(0.2	)
Plan participants’ contributions			—				—				1.5				1.6
Benefits paid			(30.2	)			(28.4	)			(2.2	)			(2.3	)
Benefit obligation at December 31		$	431.7			$	459.9			$	6.0			$	7.5
Accumulated benefit obligation at December 31		$	431.7			$	459.9
Change in plan assets:
Fair value of plan assets at January 1		$	520.8			$	488.9			$	10.5			$	10.3
Actual return on plan assets, net of expenses			54.9				59.6				(0.2	)			0.3
Employer contributions, net			0.7				0.7				(0.1	)			0.6
Plan participants’ contributions			—				—				1.5				1.6
Benefits paid			(30.2	)			(28.4	)			(2.2	)			(2.3	)
Fair value of plan assets at December 31		$	546.2			$	520.8			$	9.5			$	10.5
Funded status at December 31		$	(114.5	)		$	(60.9	)		$	(3.5	)		$	(3.0	)
Amounts recognized in the consolidated balance sheets consist of:
Pension assets, noncurrent (1)		$	(127.0	)		$	(74.3	)		$	(3.5	)		$	(3.0	)
Pension, SERP and postretirement benefits, current (2)			1.4				1.0				—				—
Pension, SERP and postretirement benefits, noncurrent (3)			11.1				12.4				—				—
Total Pension, SERP and Postretirement benefits		$	(114.5	)		$	(60.9	)		$	(3.5	)		$	(3.0	)

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

		Pension Plan and SERP								Postretirement Plan
		2021				2020				2021				2020
Prior service benefit cost (credit)		$	2.8			$	3.0			$	—			$	(0.1	)
Actuarial losses			98.3				133.2				2.4				3.1
Accumulated other comprehensive losses, pretax		$	101.1			$	136.2			$	2.4			$	3.0

						Quoted Prices				Significant
						in Active				Other
						Markets for				Observable
						Identical Assets				Inputs
		Total				(Level 1)				(Level 2)
December 31, 2021
Equity
Managed equity accounts (1)		$	195.0			$	195.0			$	—
Equity — pooled separate account (2)			54.9				—				54.9
Debt
Fixed income manager — separately managed account (5)			163.7				—				163.7
Fixed income manager — pooled separate account (2)			97.9				—				97.9
Fixed income manager — government securities (3)			9.5				9.5				—
Others
Cash — pooled separate account (2)			(0.1	)			—				(0.1	)
Global real estate account (4)			34.8				—				34.8
Total		$	555.7			$	204.5			$	351.2
December 31, 2020
Equity
Managed equity accounts (1)		$	206.3			$	206.3			$	—
Equity — pooled separate account (2)			67.2				—				67.2
Debt
Fixed income manager — pooled separate account (2)			208.3				—				208.3
Fixed income manager — government securities (3)			10.5				10.5				—
Others
Cash — pooled separate account (2)			2.1				—				2.1
Global real estate account (4)			36.9				—				36.9
Total		$	531.3			$	216.8			$	314.5

Schedule of Net Benefit Costs [Table Text Block]

		Pension Plan and SERP												Postretirement Plan
		2021				2020				2019				2021				2020				2019
Interest cost		$	11.0			$	12.6			$	15.6			$	0.1			$	0.2			$	0.3
Expected return on plan assets			(32.8	)			(29.9	)			(30.3	)			(0.2	)			(0.2	)			(0.2	)
Amortization of prior service cost (credit) reclassified from accumulated other comprehensive losses			0.2				0.2				0.2				(0.1	)			(0.1	)			(0.1	)
Amortization of net actuarial loss reclassified from accumulated other comprehensive losses			3.8				6.3				4.5				0.2				0.3				0.3
Net periodic benefit (credit) cost			(17.8	)			(10.8	)			(10.0	)			—				0.2				0.3
Amortization of prior service (cost) credit reclassified from accumulated other comprehensive losses			(0.2	)			(0.2	)			(0.2	)			0.1				0.1				0.1
Amortization of actuarial loss reclassified from accumulated other comprehensive losses			(0.2	)			(0.2	)			(0.1	)			—				—				—
Net loss recognized reclassified from accumulated other comprehensive losses			(3.6	)			(6.1	)			(4.4	)			(0.2	)			(0.3	)			(0.3	)
Actuarial (gain) loss			(31.1	)			2.4				(16.4	)			(0.5	)			(0.3	)			(0.8	)
Total recognized in other comprehensive income			(35.1	)			(4.1	)			(21.1	)			(0.6	)			(0.5	)			(1.0	)
Total recognized in net periodic benefit credit and other comprehensive (income) loss		$	(52.9	)		$	(14.9	)		$	(31.1	)		$	(0.6	)		$	(0.3	)		$	(0.7	)

Defined Benefit Plan, Assumptions [Table Text Block]

		Pension Plan and SERP												Postretirement Plan
Weighted-average assumptions used to determine benefit obligations:		2021				2020								2021				2020
Discount rate			2.75	%			2.49	%							2.25	%			1.50	%
Expected return on plan assets			6.25	%			6.50	%							1.75	%			2.00	%
Cash balance interest credit rate			2.57	%			2.57	%							N/A
Weighted-average assumptions used to determine net periodic benefit (credit) cost:		2021				2020				2019				2021				2020				2019
Discount rate			2.49	%			2.83	%			3.82	%			1.50	%			2.50	%			3.75	%
Expected return on plan assets			6.50	%			6.75	%			7.00	%			2.00	%			2.00	%			2.00	%
Cash balance interest credit rate			2.57	%			2.57	%			2.57	%			N/A

Schedule of Expected Benefit Payments [Table Text Block]

		Pension Plan				Postretirement
		and SERP				Plan
		Gross				Gross				Medicare				Net
		Benefit				Benefit				Subsidy				Benefit
		Amount				Amount				Payments				Amount
2022		$	30.5			$	1.1			$	(0.2	)		$	0.9
2023		$	30.3			$	1.0			$	(0.2	)		$	0.8
2024		$	30.0			$	0.8			$	(0.1	)		$	0.7
2025		$	29.0			$	0.7			$	(0.1	)		$	0.6
2026		$	28.5			$	0.6			$	—			$	0.6
2027 and thereafter		$	132.5			$	2.0			$	—			$	2.0

Schedule of Allocation of Plan Assets [Table Text Block]

		Target				Percentage of Plan Assets
Asset Category		Allocation				2021				2020
Equity securities			50.0	%			45.8	%			52.5	%
Debt securities			50.0	%			47.8	%			40.0	%
Other			—	%			6.4	%			7.5	%
Total			100.0	%			100.0	%			100.0	%

X

- Definition

Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)(b)(c)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

Name:	us-gaap_ChangesInProjectedBenefitObligationsFairValueOfPlanAssetsAndFundedStatusOfPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(5)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e2439-114920

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e2410-114920

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e2417-114920

+ Details

Name:	us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration