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Pension Plans and Other Benefits (Tables)

12 Months Ended

Dec. 31, 2023

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Schedule Of Defined Benefit Plans Disclosures

The year-end status of the North American pension plans was as follows (the 2023 presentation excludes the terminated U.S. defined benefit plans, which had an ending benefit obligation of $0.0 million and $5.2 million as of December 31, 2023 and 2022, respectively, and ending plan assets of $18.6 million and $16.6 million as of December 31, 2023 and 2022, respectively):

			Pension Plans
			Years Ended December 31,
(in millions)			2023						2022
Change in projected benefit obligation:
Benefit obligation at beginning of period			$	294.3					$	739.6
Service cost			2.8						4.2
Interest cost			11.1						16.8
Actuarial (gain) loss			3.3						(158.8)
Currency fluctuations			2.0						(19.0)
Benefits paid and transfers			(190.4)						(322.2)
Plan amendments			5.8						—
Liability (gain)/loss due to curtailment/settlement			(9.3)						38.9
Projected benefit obligation at end of period			$	119.6					$	299.5
Change in plan assets:
Fair value at beginning of period			$	329.0					$	807.0
Currency fluctuations			2.9						(21.3)
Actual return			11.4						(124.9)
Company contribution			4.2						7.0
Benefits paid and transfers			(190.4)						(322.2)
Fair value at end of period			$	157.1					$	345.6
Funded status of the plans as of the end of period			$	37.5					$	46.1
Amounts recognized in the consolidated balance sheets:
Noncurrent assets			$	43.8					$	52.9
Current liabilities			(0.5)						(0.5)
Noncurrent liabilities			(5.8)						(6.3)
Amounts recognized in accumulated other comprehensive (income) loss
Prior service cost			$	15.1					$	10.9
Actuarial loss			20.0						67.2

Schedule of Changes in Accumulated Postemployment Benefit Obligations

The year-end status of the Brazil postretirement medical benefit plans with a discount rate of 10.40% and 10.30% on each of December 31, 2023 and 2022, respectively was as follows:

			Postretirement Medical Benefits
			Years Ended December 31,
(in millions)			2023						2022
Change in accumulated postretirement benefit obligation (“APBO”):
APBO at beginning of year			$	59.1					$	58.0
Service cost			0.1						0.1
Interest cost			6.2						5.8
Actuarial (gain) loss			4.8						(7.6)
Currency fluctuations			5.4						3.8
Benefits paid			(1.2)						(1.0)
APBO at end of year			$	74.4					$	59.1
Change in plan assets:
Company contribution			$	1.2					$	1.0
Benefits paid			(1.2)						(1.0)
Unfunded status of the plans as of the end of the year			$	(74.4)					$	(59.1)
Amounts recognized in the consolidated balance sheets:
Current liabilities			$	(1.1)					$	(1.2)
Noncurrent liabilities			(73.3)						(57.9)
Amounts recognized in accumulated other comprehensive income
Prior service credit			$	(13.2)					$	(14.1)
Actuarial loss			$	11.9					$	6.6

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- References

No definition available.

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- Definition

Tabular disclosure of the change in the accumulated postemployment benefit obligation from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits.

+ References

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-Topic 715
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- 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.

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