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EMPLOYEE BENEFIT PLANS Schedule of Net Benefit Costs (Tables)

9 Months Ended

Sep. 30, 2023

Postemployment Benefits [Abstract]

Schedule of Net Benefit Costs [Table Text Block]

The following tables set forth the components of net periodic pension cost (benefit) for the Company's defined benefit plans:

			Three Months Ended September 30
(In millions)			2023						2022						2023						2022						2023						2022
			Domestic Plans(1)												Foreign Plans(2)												Total
Service cost			$	—					$	—					$	1.2					$	2.0					$	1.2					$	2.0
Interest cost			4.6						2.1						2.9						2.2						7.5						4.3
Expected return on plan assets			(4.3)						(3.5)						(3.1)						(4.0)						(7.4)						(7.5)
Recognized actuarial gain(3)			—						—						(0.3)						(0.2)						(0.3)						(0.2)
Net periodic pension cost (benefit)			$	0.3					$	(1.4)					$	0.7					$	—					$	1.0					$	(1.4)

			Nine Months Ended September 30
(In millions)			2023						2022						2023						2022						2023						2022
			Domestic Plans(1)												Foreign Plans(2)												Total
Service cost			$	—					$	—					$	3.6					$	6.3					$	3.6					$	6.3
Interest cost			7.8						6.3						8.6						6.8						16.4						13.1
Expected return on plan assets			(7.3)						(10.5)						(9.1)						(12.5)						(16.4)						(23.0)
Recognized actuarial gain(3)			—						—						(0.9)						(0.6)						(0.9)						(0.6)
Net periodic pension cost (benefit)			$	0.5					$	(4.2)					$	2.2					$	—					$	2.7					$	(4.2)

(1)    Defined as the Anixter Inc. Pension Plan, Anixter Inc. Executive Benefit Plan, and the Anixter Inc. Supplemental Executive Retirement Plan.

(2)    Defined as the EECOL Electric ULC Retirement Plan, the EECOL Electric ULC Supplemental Executive Retirement Plan, the Pension Plan for Employees of Anixter Canada Inc., and various defined benefit pension plans covering employees of foreign subsidiaries in Europe.

(3)    For the three and nine months ended September 30, 2023 and 2022, no material amounts were reclassified from accumulated other comprehensive income into net income.

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- References

No definition available.

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- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (h)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

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