v3.25.4
Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Reconciliations of Benefit Obligations, Plan Assets of Pension Plans and Funded Status of Plans
The following tables present reconciliations of plan benefit obligations, fair value of plan assets and the funded status of pension plans and a post-retirement health plan as of and for the years ended December 31:
 Pension plansPost-retirement health plan
In millions2025202420252024
Change in benefit obligations
Benefit obligation beginning of year
$120.3 $125.9 $11.4 $12.5 
Service cost1.0 1.1 — 0.1 
Interest cost4.6 4.0 0.6 0.6 
Actuarial (gain) loss(12.8)0.6 (0.2)(1.0)
Foreign currency translation15.0 (7.5)— — 
Benefits paid(5.4)(3.8)(0.7)(0.8)
Benefit obligation end of year$122.7 $120.3 $11.1 $11.4 
Change in plan assets
Fair value of plan assets beginning of year
$3.1 $3.2 $— $— 
Actual return on plan assets0.2 — — — 
Company contributions4.7 3.9 0.7 0.8 
Foreign currency translation0.4 (0.2)— — 
Benefits paid(5.4)(3.8)(0.7)(0.8)
Fair value of plan assets end of year
$3.0 $3.1 $— $— 
Funded status
Fair value of plan assets end of year
$3.0 $3.1 $— $— 
Benefit obligation end of year
122.7 120.3 11.1 11.4 
Benefit obligations in excess of the fair value of plan assets
$(119.7)$(117.2)$(11.1)$(11.4)
Amounts Recognized in Consolidated Balance Sheets
Amounts recorded in the Consolidated Balance Sheets at December 31 were as follows:
 Pension plansPost-retirement health plan
In millions2025202420252024
Current liabilities$(5.2)$(4.4)$(1.1)$(1.1)
Non-current liabilities(114.5)(112.8)(10.0)(10.3)
Benefit obligations in excess of the fair value of plan assets
$(119.7)$(117.2)$(11.1)$(11.4)
Pension Plans with an Accumulated Benefit Obligation or Projected Benefit Obligation in Excess of Plan Assets Information for pension plans with an accumulated benefit obligation or projected benefit obligation in excess of plan assets as of December 31 was as follows:
 Projected benefit obligation
exceeds the fair value
of plan assets		Accumulated benefit  obligation
exceeds the fair value of
plan assets
In millions2025202420252024
Projected benefit obligation$122.7 $120.3 $121.9 $119.5 
Fair value of plan assets3.0 3.1 2.2 2.4 
Accumulated benefit obligationN/AN/A121.1 118.7 
Components of Net Periodic Benefit Cost
Components of net periodic benefit expense (income) for our pension plans were as follows for the years ended December 31:
In millions202520242023
Service cost$1.0 $1.1 $1.1 
Interest cost4.6 4.0 4.5 
Expected return on plan assets(0.1)(0.1)(0.1)
Net actuarial loss (gain)(12.9)0.6 13.9 
Net periodic benefit expense (income)$(7.4)$5.6 $19.4 
Weighted-Average Assumptions used to Determine Domestic Benefit Obligations and Domestic Net Periodic Benefit Cost
Weighted-average assumptions used to determine benefit obligations as of December 31 were as follows:
 Pension plansPost-retirement health plan
Percentages202520242023202520242023
Discount rate4.20 %3.47 %3.47 %5.21 %5.48 %4.94 %
Rate of compensation increase3.49 %3.48 %3.47 %— — — 
Weighted-average assumptions used to determine net periodic benefit expense (income) for years ended December 31 were as follows:
 Pension plansPost-retirement health plan
Percentages202520242023202520242023
Discount rate3.47 %3.47 %4.22 %5.48 %4.94 %5.19 %
Expected long-term return on plan assets2.62 %2.71 %2.73 %— — — 
Rate of compensation increase3.48 %3.47 %3.49 %— — — 
Expected Future Service to Be Paid by Plans
The following benefit payments, which reflect expected future service or payout from termination, as appropriate, are expected to be paid by the plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter are as follows:
In millionsPension plansPost-retirement health plan
2026$5.4 $1.1 
20276.4 1.1 
20286.6 1.0 
20296.8 1.0 
20307.0 1.0 
2031-203536.5 4.3