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EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2020

Defined Benefit Plan Disclosure [Line Items]

Schedule of U.S. and International Pension Plans with Accumulated Benefit Obligations and with Projected Benefit Obligations in Excess of Plan Assets

						U.S.												International
In millions						2020						2019						2020						2019
Information for pension plans with accumulated benefit obligations in excess of Plan assets:
Projected benefit obligation						$	(42.9)					$	(41.1)					$	(316.0)					$	(283.1)
Accumulated benefit obligation						(41.8)						(40.2)						(303.9)						(272.6)
Fair value of plan assets						36.0						34.3						222.4						193.9
Information for pension plans with projected benefit obligations in excess of plan assets:
Projected benefit obligation						$	(42.9)					$	(41.1)					$	(317.4)					$	(284.4)
Fair value of plan assets						36.0						34.3						223.7						195.1

Pension Plan Assets by Asset Category

Plan assets by asset category at December 31, 2020 and 2019 are as follows:

						U.S.												International
In millions						2020						2019						2020						2019
Pension Plan Assets
Equity security funds						$	18.6					$	16.4					$	74.3					$	70.8
Debt security funds and other						15.8						16.3						213.8						191.3
Cash and cash equivalents						1.6						1.6						16.6						7.7
Fair value of plan assets						$	36.0					$	34.3					$	304.7					$	269.8

Schedule of Pension Plan Assets Measured at Fair Value

The following tables summarize our pension plan assets measured at fair value on a recurring basis by fair value hierarchy level (See Note 18):

						December 31, 2020
In millions						NAV						Level 1						Level 2						Level 3						Total
US:
Equity						$	—					$	18.6					$	—					$	—					$	18.6
Debt Securities and other						—						6.2						9.6						—						15.8
Cash and cash equivalents						—						1.5						—						—						1.5
International:
Equity						$	6.1					$	22.1					$	46.9					$	—					$	75.0
Debt Securities and other						—						3.2						194.9						—						198.1
Insurance Contracts						—						—						4.8						10.0						14.8
Cash and cash equivalents						—						9.0						7.8						—						16.8
Total						$	6.1					$	60.7					$	264.0					$	10.0					$	340.7

						December 31, 2019
In millions						NAV						Level 1						Level 2						Level 3						Total
US:
Equity						$	—					$	16.4					$	—					$	—					$	16.4
Debt Securities						—						3.5						12.8						—						16.3
Cash and cash equivalents						—						1.5						—						—						1.5
International:
Equity						$	4.9					$	19.9					$	46.0					$	—					$	70.8
Debt Securities						—						3.1						179.2						—						182.4
Insurance Contracts						—						—						4.3						4.6						8.9
Cash and cash equivalents						—						7.0						0.7						—						7.8
Total						$	4.9					$	51.5					$	243.1					$	4.6					$	304.1

Schedule of Reconciliation of Level 3 Assets

The following table presents a reconciliation of Level 3 assets:

In millions						Total
Balance at December 31, 2018						$	9.9
Net purchases, issuances, and settlements						0.2
Actual return of plan assets						0.3
Transfers						(5.8)
Effect of currency rate changes						—
Balance at December 31, 2019						$	4.6
Net purchases, issuances, and settlements						—
Actual return of plan assets						1.9
Transfers						5.1
Effect of currency rate changes						0.4
Balance at December 31, 2020						$	12.0

Costs Recognized Under Defined Contribution Plans and Multiemployer Pension Plans

Costs recognized under these plans are summarized as follows:

						For the year ended December 31,
In millions						2020						2019						2018
Multi-employer pension and health & welfare plans						$	0.2					$	0.9					$	1.0
401(k) savings and other defined contribution plans						54.6						55.7						27.9
Total						$	54.8					$	56.6					$	28.9

Defined Benefit Pension Plans

Defined Benefit Plan Disclosure [Line Items]

Obligations and Funded Status

The following tables provide information regarding the Company’s significant defined benefit pension plans summarized by U.S. and international components.

Obligations and Funded Status

						U.S.												International
In millions						2020						2019						2020						2019
Change in projected benefit obligation
Obligation at beginning of year						$	(41.1)					$	(39.4)					$	(347.3)					$	(309.2)
Service cost						(0.3)						(0.3)						(3.4)						(2.7)
Interest cost						(1.1)						(1.5)						(5.4)						(7.0)
Employee contributions						—						—						(0.5)						(0.5)
Plan settlements and amendments						—						—						(2.0)						4.4
Benefits paid						3.3						3.0						14.1						13.1
Acquisition						—						—						—						(5.0)
Actuarial loss						(3.7)						(2.9)						(22.4)						(32.4)
Effect of currency rate changes						—						—						(17.9)						(8.0)
Obligation at end of year						$	(42.9)					$	(41.1)					$	(384.8)					$	(347.3)
Change in plan assets
Fair value of plan assets at beginning of year						$	34.3					$	31.9					$	269.8					$	239.4
Actual return on plan assets						3.7						5.3						25.1						23.9
Employer contributions						1.3						—						10.0						9.4
Employee contributions						—						—						0.5						0.5
Benefits paid						(3.3)						(2.9)						(14.0)						(13.1)
Settlements						—						—						(2.9)						(0.4)
Acquisition						—						—						—						1.2
Other						—						—						4.8						—
Effect of currency rate changes						—						—						11.4						8.9
Fair value of plan assets at end of year						$	36.0					$	34.3					$	304.7					$	269.8
Funded status
Fair value of plan assets						$	36.0					$	34.3					$	304.7					$	269.8
Benefit obligations						(42.9)						(41.1)						(384.8)						(347.3)
Funded status						$	(6.9)					$	(6.8)					$	(80.1)					$	(77.5)
Amounts recognized in the statement of financial position consist of:
Noncurrent assets						$	—					$	—					$	13.6					$	11.8
Current liabilities						—						—						(2.5)						(2.4)
Noncurrent liabilities						(6.9)						(6.9)						(91.2)						(86.9)
Net amount recognized						$	(6.9)					$	(6.9)					$	(80.1)					$	(77.5)
Amounts recognized in accumulated other comprehensive income (loss) before tax consist of:
Prior service cost						—						—						(1.5)						(1.4)
Net actuarial loss						(19.4)						(18.8)						(89.6)						(78.3)
Net amount recognized						$	(19.4)					$	(18.8)					$	(91.1)					$	(79.7)

Components of Net Periodic Benefit Costs

Components of Net Periodic Benefit Costs

						U.S.																		International
In millions						2020						2019						2018						2020						2019						2018
Service cost						$	0.3					$	0.3					$	0.3					$	3.4					$	2.7					$	2.6
Interest cost						1.1						1.5						1.3						5.4						7.0						7.0
Expected return on plan assets						(1.7)						(1.7)						(1.8)						(11.5)						(11.8)						(13.5)
Amortization of initial net obligation and prior service cost						—						—						—						0.1						0.1						—
Amortization of net loss						1.0						0.8						1.0						3.2						2.5						2.1
Settlement and curtailment losses recognized						—						—						—						0.1						—						3.1
Net periodic benefit cost						$	0.7					$	0.9					$	0.8					$	0.7					$	0.5					$	1.3

Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income

Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income during 2020 are as follows:

In millions						U.S.						International
Net loss arising during the year						$	(1.6)					$	(10.7)
Effect of exchange rates						—						(4.0)
Amortization or curtailment recognition of prior service cost						—						0.1
Amortization or settlement recognition of net loss						1.0						3.2
Total recognized in other comprehensive income						$	(0.6)					$	(11.4)
Total recognized in net periodic benefit cost and other comprehensive income						$	1.3					$	12.1

Weighted Average Assumptions Used to Develop Actuarial Present Value of Projected Benefit Obligation

The weighted average assumptions in the following table represent the rates used to develop the actuarial present value of the projected benefit obligation for the year listed.

						U.S.																		International
						2020						2019						2018						2020						2019						2018
Discount rate						2.47		%				3.27		%				4.30		%				1.39		%				1.84		%				2.53		%
Expected return on plan assets						5.35		%				5.35		%				5.15		%				4.43		%				5.01		%				5.10		%
Rate of compensation increase						3.00		%				3.00		%				3.00		%				2.65		%				2.64		%				2.61		%

Amounts Included in Other Comprehensive Loss That are Expected to be Recognized as Components of Periodic Benefit Costs

As of December 31, 2020, the following table represents the amounts included in other comprehensive loss that are expected to be recognized as components of periodic benefit costs in 2021.

In millions						U.S.						International
Prior service cost						—						0.1
Net actuarial loss						1.1						3.5
						$	1.1					$	3.6

Benefit Payments Expected to be Paid to Plan Participants

Benefit payments expected to be paid to plan participants are as follows:

In millions						U.S.						International
Year ended December 31,
2021						$	3.0					$	13.7
2022						3.1						14.2
2023						3.0						14.8
2024						2.9						15.4
2025						2.9						15.5
2026 through 2030						12.6						84.6

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