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Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2023
Retirement Benefits [Abstract] |
Schedule of Defined Benefit Plans Disclosures | The following tables summarize the change in benefit obligations, change in plan assets, and funded status associated with the Company's significant defined benefit plans and the amounts recognized in the consolidated balance sheets at December 31, 2023 and 2022:
| Qualified Defined Benefits |  | Non-Qualified Supplemental Benefits |  |
| U.S. Plan |  | Non-U.S. Plans |  |
| 2023 |  | 2022 |  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |
Change in benefit obligation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year | $ | 319,901 |  |  | $ | 478,346 |  |  | $ | 215,317 |  |  | $ | 314,715 |  |  | $ | 32,503 |  |  | $ | 42,905 |  |  |  |  |
Service cost | 2,867 |  |  | 5,703 |  |  | 3,712 |  |  | 4,675 |  |  | 970 |  |  | 1,426 |  |  |  |  |
Interest cost | 17,203 |  |  | 13,745 |  |  | 10,591 |  |  | 5,220 |  |  | 1,636 |  |  | 1,215 |  |  |  |  |
Plan participants' contributions | — |  |  | — |  |  | 2,251 |  |  | 2,186 |  |  | — |  |  | — |  |  |  |  |
Benefits paid | (17,701) |  |  | (17,680) |  |  | (11,953) |  |  | (9,756) |  |  | (6,582) |  |  | (3,831) |  |  |  |  |
Actuarial loss (gain)(1) | 22,384 |  |  | (126,985) |  |  | 16,884 |  |  | (72,977) |  |  | 662 |  |  | (9,596) |  |  |  |  |
Amendments | — |  |  | — |  |  | 41 |  |  | (2,291) |  |  | — |  |  | 384 |  |  |  |  |
Settlements and curtailments | (25,348) |  |  | (33,228) |  |  | (1,116) |  |  | (8,849) |  |  | — |  |  | — |  |  |  |  |
Currency translation and other | — |  |  | — |  |  | 14,302 |  |  | (17,606) |  |  | — |  |  | — |  |  |  |  |
Benefit obligation at end of year | 319,306 |  |  | 319,901 |  |  | 250,029 |  |  | 215,317 |  |  | 29,189 |  |  | 32,503 |  |  |  |  |
Change in plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year | 394,053 |  |  | 573,100 |  |  | 152,860 |  |  | 219,677 |  |  | — |  |  | — |  |  |  |  |
Actual return on plan assets | 40,633 |  |  | (125,011) |  |  | 11,935 |  |  | (48,147) |  |  | — |  |  | — |  |  |  |  |
Company contributions | — |  |  | — |  |  | 9,516 |  |  | 9,059 |  |  | 6,582 |  |  | 3,831 |  |  |  |  |
Plan participants' contributions | — |  |  | — |  |  | 2,251 |  |  | 2,186 |  |  | — |  |  | — |  |  |  |  |
Benefits paid | (17,701) |  |  | (17,680) |  |  | (11,953) |  |  | (9,756) |  |  | (6,582) |  |  | (3,831) |  |  |  |  |
Settlements and curtailments | (24,466) |  |  | (36,356) |  |  | (298) |  |  | (8,640) |  |  | — |  |  | — |  |  |  |  |
Currency translation and other | — |  |  | — |  |  | 11,454 |  |  | (11,519) |  |  | — |  |  | — |  |  |  |  |
Fair value of plan assets at end of year | 392,519 |  |  | 394,053 |  |  | 175,765 |  |  | 152,860 |  |  | — |  |  | — |  |  |  |  |
Funded (Unfunded) status | $ | 73,213 |  |  | $ | 74,152 |  |  | $ | (74,264) |  |  | $ | (62,457) |  |  | $ | (29,189) |  |  | $ | (32,503) |  |  |  |  |
Amounts recognized in the consolidated balance sheets consist of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets and Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other assets and deferred charges | $ | 73,213 |  |  | $ | 74,152 |  |  | $ | 1,938 |  |  | $ | 1,863 |  |  | $ | — |  |  | $ | — |  |  |  |  |
Accrued compensation and employee benefits | — |  |  | — |  |  | (731) |  |  | (1,774) |  |  | (5,477) |  |  | (7,243) |  |  |  |  |
Liabilities held for sale (2) | — |  |  | — |  |  | (18,044) |  |  | — |  |  | — |  |  | — |  |  |  |  |
Defined benefit and other post-retirement benefit plans | — |  |  | — |  |  | (57,427) |  |  | (62,546) |  |  | (23,712) |  |  | (25,260) |  |  |  |  |
Total assets (liabilities) | 73,213 |  |  | 74,152 |  |  | (74,264) |  |  | (62,457) |  |  | (29,189) |  |  | (32,503) |  |  |  |  |
Accumulated Other Comprehensive Loss (Earnings): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net actuarial losses (gains) | 57,870 |  |  | 55,227 |  |  | 42,926 |  |  | 31,607 |  |  | (24,435) |  |  | (28,304) |  |  |  |  |
Prior service cost (credit) | — |  |  | — |  |  | (2,222) |  |  | (3,006) |  |  | — |  |  | 1,874 |  |  |  |  |
Tax (benefit) expense | (12,075) |  |  | (11,474) |  |  | (8,947) |  |  | (6,434) |  |  | 5,313 |  |  | 5,768 |  |  |  |  |
Total accumulated other comprehensive loss (earnings), net of tax | 45,795 |  |  | 43,753 |  |  | 31,757 |  |  | 22,167 |  |  | (19,122) |  |  | (20,662) |  |  |  |  |
Net amount recognized at December 31, | $ | 119,008 |  |  | $ | 117,905 |  |  | $ | (42,507) |  |  | $ | (40,290) |  |  | $ | (48,311) |  |  | $ | (53,165) |  |  |  |  |
Accumulated benefit obligations | $ | 319,306 |  |  | $ | 318,275 |  |  | $ | 242,619 |  |  | $ | 210,259 |  |  | $ | 29,189 |  |  | $ | 31,523 |  |  |  |  |
(1) The actuarial loss (gain) were primarily due to discount rate fluctuations and plan experience. (2) De-Sta-Co assets and liabilities are classified as held for sale as of December 31, 2023. See Note 4 — Dispositions for further details.
Schedule of Projected Benefit Obligations and Accumulated Benefit Obligations in Excess of Plan Assets | Non-U.S. pension plans with accumulated benefit obligations in excess of plan assets consist of the following at December 31, 2023 and 2022:
| 2023 |  | 2022
Accumulated benefit obligation | $ | 227,442 |  |  | $ | 124,082 |
Fair value of plan assets | 158,653 |  |  | 64,112 |
Non-U.S. pension plans with projected benefit obligations in excess of plan assets consist of the following at December 31, 2023 and 2022:
| 2023 |  | 2022
Projected benefit obligation | $ | 234,854 |  |  | $ | 200,671 |
Fair value of plan assets | 158,653 |  |  | 136,351 |
Schedule of Net Periodic Benefit Costs | Components of the net periodic benefit cost were as follows: Defined Benefit Plans
| Qualified Defined Benefits |  | Non-Qualified Supplemental Benefits
| U.S. Plan |  | Non-U.S. Plans |
| 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021
Service cost | $ | 2,867 |  |  | $ | 5,703 |  |  | $ | 7,134 |  |  | $ | 3,712 |  |  | $ | 4,675 |  |  | $ | 5,749 |  |  | $ | 970 |  |  | $ | 1,426 |  |  | $ | 1,561 |
Interest cost | 17,203 |  |  | 13,745 |  |  | 13,605 |  |  | 10,591 |  |  | 5,220 |  |  | 3,590 |  |  | 1,636 |  |  | 1,215 |  |  | 1,232 |
Expected return on plan assets | (26,208) |  |  | (29,104) |  |  | (28,980) |  |  | (7,331) |  |  | (7,191) |  |  | (7,188) |  |  | — |  |  | — |  |  | — |
Amortization of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Prior service cost (credit) | — |  |  | 110 |  |  | 212 |  |  | (717) |  |  | (526) |  |  | (453) |  |  | 1,874 |  |  | 1,490 |  |  | 1,531 |
Actuarial loss (gain) | — |  |  | 2,300 |  |  | 10,012 |  |  | 656 |  |  | 1,747 |  |  | 3,938 |  |  | (3,207) |  |  | (2,016) |  |  | (1,672) |
Settlement and curtailment loss (gain) | 4,434 |  |  | 6,276 |  |  | 2,031 |  |  | (801) |  |  | (393) |  |  | 194 |  |  | — |  |  | — |  |  | (743) |
Net periodic (benefit) expense | $ | (1,704) |  |  | $ | (970) |  |  | $ | 4,014 |  |  | $ | 6,110 |  |  | $ | 3,532 |  |  | $ | 5,830 |  |  | $ | 1,273 |  |  | $ | 2,115 |  |  | $ | 1,909 |
Schedule of Weighted-Average Assumptions Used in Benefit Obligations | The weighted average assumptions used in determining the benefit obligations were as follows:
| Qualified Defined Benefits |  | Non-Qualified Supplemental Benefits |  |
| U.S. Plan |  | Non-U.S. Plans |  |
| 2023 |  | 2022 |  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |
Discount rate | 5.20 | % |  | 5.55 | % |  | 2.80 | % |  | 3.57 | % |  | 5.15 | % |  | 5.50 | % |  |  |  |
Average wage increase | 4.00 | % |  | 4.00 | % |  | 1.65 | % |  | 1.70 | % |  | 4.50 | % |  | 4.50 | % |  |  |  |
Schedule of Weighted-Average Assumptions Used Calculating Net Periodic Cost | The weighted average assumptions used in determining the net periodic benefit cost were as follows:
| Qualified Defined Benefits |  | Non- Qualified Supplemental Benefits |  |
| U.S. Plan |  | Non-U.S. Plans |
| 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021 |  |  |  |  |  |
Discount rate | 5.55 | % |  | 2.95 | % |  | 2.65 | % |  | 3.57 | % |  | 1.18 | % |  | 0.79 | % |  | 5.50 | % |  | 2.90 | % |  | 2.45 | % |  |  |  |  |  |
Average wage increase | 4.00 | % |  | 4.00 | % |  | 4.00 | % |  | 1.67 | % |  | 1.53 | % |  | 1.51 | % |  | 4.50 | % |  | 4.50 | % |  | 4.50 | % |  |  |  |  |  |
Expected return on plan assets | 5.60 | % |  | 5.60 | % |  | 5.60 | % |  | 4.69 | % |  | 3.47 | % |  | 3.40 | % |  | na |  | na |  | na |  |  |  |  |  |
Schedule of Weighted-Average Asset Allocation Actual and Target | The Company's actual and target weighted average asset allocation for our U.S. Qualified Defined Benefits Plan was as follows:
| 2023 |  | 2022 |  | Current Target
Return-seeking investments | 28 | % |  | 27 | % |  | 30 | %
Liability hedging investments | 72 | % |  | 73 | % |  | 70 | %
Other | — | % |  | — | % |  | — | %
Total | 100 | % |  | 100 | % |  | 100 | %
Schedule of Plan Assets by Asset Category | The fair values of both U.S. and non-U.S. pension plan assets by asset category within the fair value hierarchy (as defined in Note 13 — Financial Instruments) were as follows:
| U.S. Qualified Defined Benefits Plan
| December 31, 2023 |  | December 31, 2022
| Level 1 |  | Level 2 |  |  |  | Total Fair Value |  | Level 1 |  | Level 2 |  |  |  | Total Fair Value
Corporate bonds | $ | — |  |  | $ | 215,631 |  |  |  |  | $ | 215,631 |  |  | $ | — |  |  | $ | 201,203 |  |  |  |  | $ | 201,203 |
Government securities | — |  |  | 52,862 |  |  |  |  | 52,862 |  |  | — |  |  | 56,978 |  |  |  |  | 56,978
Interest-bearing cash and short-term investments | 3,901 |  |  | — |  |  |  |  | 3,901 |  |  | 2,900 |  |  | — |  |  |  |  | 2,900
Total investments at fair value | $ | 3,901 |  |  | $ | 268,493 |  |  |  |  | 272,394 |  |  | $ | 2,900 |  |  | $ | 258,181 |  |  |  |  | 261,081
Investments measured at net asset value* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collective funds |  |  |  |  |  |  | 110,582 |  |  |  |  |  |  |  |  | 106,273 |
Short-term investment funds |  |  |  |  |  |  | 9,543 |  |  |  |  |  |  |  |  | 26,699 |
Total investments |  |  |  |  |  |  | $ | 392,519 |  |  |  |  |  |  |  |  | $ | 394,053 |
| Non-U.S. Plans
| December 31, 2023 |  | December 31, 2022
| Level 1 |  | Level 2 |  | Level 3 |  | Total Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total Fair Value
Common stocks | $ | 54,557 |  |  | $ | — |  |  | $ | — |  |  | $ | 54,557 |  |  | $ | 46,618 |  |  | $ | — |  |  | $ | — |  |  | $ | 46,618 |
Fixed income investments | — |  |  | 32,421 |  |  | — |  |  | 32,421 |  |  | — |  |  | 25,168 |  |  | — |  |  | 25,168 |
Mutual funds | 20,628 |  |  | — |  |  | — |  |  | 20,628 |  |  | 20,031 |  |  | — |  |  | — |  |  | 20,031 |
Cash and cash equivalents | 2,237 |  |  | — |  |  | — |  |  | 2,237 |  |  | 909 |  |  | — |  |  | — |  |  | 909 |
Other | — |  |  | 499 |  |  | 18,652 |  |  | 19,151 |  |  | — |  |  | 996 |  |  | 16,294 |  |  | 17,290 |
Total investments at fair value | $ | 77,422 |  |  | $ | 32,920 |  |  | $ | 18,652 |  |  | 128,994 |  |  | $ | 67,558 |  |  | $ | 26,164 |  |  | $ | 16,294 |  |  | 110,016 |
Investments measured at net asset value* |  |  |  |  |  |  |  |  |  |  |  |
Collective funds |  |  |  |  |  |  | 41,502 |  |  |  |  |  |  |  |  | 39,675 |
Other |  |  |  |  |  |  | 5,269 |  |  |  |  |  |  |  |  | 3,169 |
Total investments |  |  |  |  |  |  | $ | 175,765 |  |  |  |  |  |  |  |  | $ | 152,860 |
* In accordance with Fair Value Measurement Topic 820 (Subtopic 820-10), certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient were not classified in the fair value hierarchy. These are included to permit reconciliation of the fair value hierarchy to the aggregate pension plan assets.
Schedule of Measurement of Plan Assets use Significant Unobservable Inputs | The fair value measurement of plan assets using significant unobservable inputs (Level 3) changed during 2022 and 2023, due to the following:
| Level 3
Balance at December 31, 2021 | $ | 20,252 |
Actual return on plan assets: |
Relating to assets still held at December 31, 2022 | (382) |
Relating to assets sold during the period | — |
Purchases | 1,852 |
Sales and settlements | (4,808) |
Foreign currency translation | (620) |
Balance at December 31, 2022 | 16,294 |
Actual return on plan assets: |
Relating to assets still held at December 31, 2023 | (417) |
Relating to assets sold during the period | (17) |
Purchases | 1,746 |
Sales and settlements | (346) |
Foreign currency translation | 1,392 |
Balance at December 31, 2023 | $ | 18,652 |
Schedule of Expected Future Benefit Payments | Benefit Payments Estimated future benefit payments to retirees, which reflect expected future service except to the extent frozen, are as follows:
| Qualified Defined Benefits |  | Non-Qualified Supplemental Benefits |  |
| U.S. Plan |  | Non-U.S. Plans |
2024 | $ | 30,930 |  |  | $ | 11,964 |  |  | $ | 5,616 |  |  |
2025 | 29,031 |  |  | 11,379 |  |  | 2,366 |  |  |
2026 | 27,631 |  |  | 12,489 |  |  | 4,626 |  |  |
2027 | 26,842 |  |  | 15,279 |  |  | 1,841 |  |  |
2028 | 25,629 |  |  | 14,037 |  |  | 5,795 |  |  |
2029 - 2033 | 115,629 |  |  | 71,276 |  |  | 10,268 |  |  |

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