XML 50 R33.htm IDEA: XBRL DOCUMENT
v3.22.0.1

RETIREMENT BENEFIT PLANS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Retirement Benefits [Abstract] |
Schedule of Accumulated and Projected Benefit Obligations | The following table summarizes our retirement plan costs for the year ended December 31, 2021 and estimated benefit obligation as of December 31, 2021. Service costs and interest costs are recorded in Operating expenses and Other (expense) income, respectively, in the Consolidated Statements of Operations.
| Pension Benefits |  | Postretirement Benefits
Benefit obligation as of January 1, 2021 | $ | — |  |  | $ | — |
Transtar acquisition | 9,055 |  |  | 28,488 |
Service costs | 712 |  |  | 864 |
Interest costs | 108 |  |  | 337 |
Actuarial losses (gains) | (20) |  |  | 344 |
Benefits paid | (50) |  |  | — |
Benefit obligation as of December 31, 2021 | $ | 9,805 |  |  | $ | 30,033 |
Schedule Of Estimated Benefit Obligation Weighted Average Assumptions | Weighted-average assumptions used to determine the estimated benefit obligation and period costs as of and for the year ended December 31, 2021 are as follows:
| Pension Benefits |  | Postretirement Benefits
Weighted-average assumptions used to determine pension and postretirement benefit obligations: |  |  |
Discount rate | 3.02 | % |  | 3.00 | %
Rate of compensation increase | 3.50 | % |  | N/A
Average future working lifetime (years) | N/A |  | 11.34
Initial healthcare cost trend rate - Pre-Medicare | N/A |  | 10.00 | %
Initial healthcare cost trend rate - Medicare eligible | N/A |  | 3.00 | %
Ultimate healthcare cost trend rate | N/A |  | 3.94 | %
Year ultimate healthcare cost trend rate is reached | N/A |  | 2075
Weighted-average assumptions used to determine net periodic pension and postretirement costs: |  |  |
Discount rate | 2.88 | % |  | 2.86 | %
Rate of compensation increases | 3.50 | % |  | N/A
Average future working lifetime (years) | 10.93 |  | 11.34
Initial healthcare cost trend rate | N/A |  | 6.00 | %
Ultimate healthcare cost trend rate | N/A |  | 3.80 | %
Year ultimate healthcare cost trend rate is reached | N/A |  | 2075
Schedule of Expected Benefit Payments | The following benefit payments, which reflect expected future service and compensation increases, as appropriate, are expected to be made from the Transtar defined benefit plans:
| Pension Benefits |  | Postretirement Benefits
2022 | $ | 51 |  |  | $ | 102 |
2023 | 143 |  |  | 173 |
2024 | 261 |  |  | 251 |
2025 | 390 |  |  | 354 |
2026 | 496 |  |  | 451 |
Years 2027-2031 | 4,501 |  |  | 3,252 |

X
- Definition Schedule Of Estimated Benefit Obligation Weighted Average Assumptions + References No definition available. + Details
Name: | ftai_ScheduleOfEstimatedBenefitObligationWeightedAverageAssumptionsTableTextBlock
Namespace Prefix: | ftai_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligations including accumulated benefit obligation and projected benefit obligation. + 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 (e) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAccumulatedAndProjectedBenefitObligationsTableTextBlock
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