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EMPLOYEE BENEFIT PLANS - (Tables)
12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Schedule of Net Funded Status [Table Text Block]
The following table presents the changes in benefit obligations, plan assets and funded status for the defined benefit plans:
Domestic PlansForeign PlansTotal
(In millions)202320222023202220232022
Change in Projected Benefit Obligation 
Beginning balance$253.5$301.8$267.3$424.1$520.8$725.9
Service cost4.78.34.78.3
Interest cost10.48.712.99.523.318.2
Participant contributions1.00.91.00.9
Actuarial (gain) loss, including assumption changes2.6(47.1)29.5(133.9)32.1(181.0)
Benefits paid from plan assets(8.1)(9.8)(11.7)(11.1)(19.8)(21.0)
Benefits paid from Company assets(0.5)(0.5)(0.5)(0.5)
Settlement(110.9)(4.2)(0.2)(115.1)(0.2)
Foreign currency exchange rate changes10.1(29.8)10.1(29.8)
Ending balance$147.5$253.5$309.1$267.3$456.6$520.8
Change in Plan Assets at Fair Value 
Beginning balance$285.1$370.7$267.6$381.8$552.7$752.5
Actual return on plan assets12.0(75.8)24.1(87.7)36.1(163.5)
Participant contributions1.00.91.00.9
Employer contributions10.211.310.211.3
Benefits paid(8.1)(9.8)(12.2)(11.1)(20.3)(21.0)
Settlement(110.9)(4.2)(0.2)(115.1)(0.2)
Foreign currency exchange rate changes9.2(27.2)9.2(27.2)
Ending balance$178.1$285.1$295.7$267.6$473.8$552.7
Funded Status$30.6$31.6$(13.4)$0.3$17.2$31.9
Amounts Recognized in the Consolidated Balance Sheets
Other assets$30.6$31.6$18.0$28.4$48.6$60.0
Other current liabilities(0.4)(0.4)(0.4)(0.4)
Other noncurrent liabilities(31.0)(27.6)(31.0)(27.6)
Net amount recognized$30.6$31.6$(13.4)$0.3$17.2$31.9
Weighted Average Assumptions Used to Determine Benefit Obligations
Discount rate4.5 %4.4 %4.4 %4.8 %4.4 %4.6 %
Rate of compensation increase— %— %3.3 %3.4 %3.3 %3.4 %
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:
Domestic PlansForeign PlansTotal
(In millions)202320222021202320222021202320222021
Components of Net Periodic Pension Cost (Benefit)
 
Service cost$— $— $3.0 $4.7 $8.3 $12.1 $4.7 $8.3 $15.2 
Interest cost10.4 8.7 8.2 12.9 9.5 9.8 23.3 18.2 18.0 
Expected return on plan assets(9.6)(14.4)(17.1)(14.0)(17.6)(17.8)(23.6)(32.0)(34.9)
Recognized actuarial (loss) gain   (2.3)(0.9)0.1 (2.3)(0.9)0.1 
Curtailment  (3.9)  (32.7)  (36.6)
Settlement4.7  0.3 (1.9)(0.1)(0.1)2.8 (0.1)0.2 
Net periodic pension cost (benefit)
$5.5 $(5.7)$(9.5)$(0.6)$(0.8)$(28.5)$4.9 $(6.5)$(38.0)
Defined Benefit Plan, Assumptions [Table Text Block]
The following weighted-average actuarial assumptions were used to determine net periodic pension cost (benefit):
Domestic PlansForeign PlansTotal
202320222021202320222021202320222021
Discount rate4.4 %2.9 %2.6 %4.8 %2.4 %2.0 %4.6 %2.6 %2.3 %
Expected return on plan assets4.8 %4.3 %5.3 %5.5 %5.0 %4.9 %5.1 %4.6 %5.1 %
Rate of compensation increase— %— %3.8 %3.4 %3.4 %3.2 %3.4 %3.4 %3.4 %
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
The following table sets forth the changes and the end of year components of accumulated other comprehensive (income) loss for the defined benefit plans:
Year Ended December 31,
(In millions)20232022
Changes to Balance: 
Beginning balance, before tax effect$(40.6)$(58.8)
Net actuarial loss arising in current year
19.6 14.5 
Recognized actuarial loss
2.3 0.9 
Settlement(2.8)0.1 
Foreign currency exchange rate changes(1.0)2.6 
Ending balance, before tax effect$(22.5)$(40.6)
As of December 31,
(In millions)20232022
Components of Balance:
Prior service credit$(0.2)$(0.2)
Net actuarial gain(22.3)(40.5)
Ending balance, before tax effect(22.5)(40.6)
Tax effect2.8 10.2 
Ending balance, after tax effect$(19.7)$(30.4)
Schedule of Expected Benefit Payments [Table Text Block]
The following benefit payments, which reflect expected future service, are expected to be paid as follows:
(In millions)Domestic PlansForeign PlansTotal
2024$148.6 $10.5 $159.1 
2025— 10.5 10.5 
2026— 11.5 11.5 
2027— 11.9 11.9 
2028— 15.7 15.7 
2029 to 2033— 94.3 94.3 
Defined Benefit Plan, Plan Assets, Allocation [Table Text Block]
The asset mixes and the asset allocation guidelines for the Domestic Plans and Foreign Plans are summarized as follows:
Domestic Plans
Allocation Guidelines
December 31, 2023MinTargetMax
Equities4.0 %— %%35 %
Debt securities:
Domestic treasuries17.3 — 17 — 
Corporate bonds40.5 — 41 — 
Total debt securities57.8 58 
Cash equivalents38.2 — 38 — 
100.0 %100 %
Foreign Plans
Allocation Guidelines
December 31, 2023MinTargetMax
Equities19.7 %12 %21 %29 %
Debt securities:
Domestic treasuries0.8 — — 
Corporate bonds3.2 31 
Pooled investment funds and other63.7 48 67 78 
Total debt securities67.7 69 
Property/real estate4.0 
Insurance products7.1 
Other1.5 — 
100.0 %100 %
Domestic Plans
Allocation Guidelines
December 31, 2022MinTargetMax
Equities2.1 %— %%35 %
Debt securities:
Domestic treasuries5.5 — — 
Corporate bonds22.4 — 22 — 
Other7.6 — 35 
Total debt securities35.5 35 
Property/real estate13.5 — 14 35 
Cash equivalents
48.9 — 49 — 
100.0 %100 %
Foreign Plans
Allocation Guidelines
December 31, 2022MinTargetMax
Equities27.3 %19 %30 %38 %
Debt securities:
Domestic treasuries0.2 — — — 
Corporate bonds4.0 29 
Pooled investment funds and other52.6 36 54 67 
Total debt securities56.8 55 
Property/real estate4.0 
Insurance products6.9 
Other5.0 11 
100.0 %100 %
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
The following tables set forth the fair value of assets by asset category for the Domestic Plans and Foreign Plans:
December 31, 2023
(In millions)Level 1Level 2Level 3
NAV (1)
Total
Domestic Plans
Equities$— $— $— $7.2 $7.2 
Debt securities:
Domestic treasuries— — — 30.9 30.9 
Corporate bonds— — — 72.0 72.0 
Cash equivalents68.0 — — — 68.0 
Total investments in Domestic Plans$68.0 $— $— $110.1 $178.1 
Foreign Plans
Equities$— $— $— $58.3 $58.3 
Debt securities:
Domestic treasuries— — — 2.4 2.4 
Corporate bonds— — — 9.6 9.6 
Pooled investment funds and other— — — 188.2 188.2 
Property/real estate— — — 11.8 11.8 
Insurance products— 20.9 — — 20.9 
Other4.5 — — — 4.5 
Total investments in Foreign Plans$4.5 $20.9 $— $270.3 $295.7 
Total
Equities$— $— $— $65.5 $65.5 
Debt securities:
Domestic treasuries— — — 33.3 33.3 
Corporate bonds— — — 81.6 81.6 
Pooled investment funds and other— — — 188.2 188.2 
Property/real estate— — — 11.8 11.8 
Insurance products— 20.9 — — 20.9 
Cash equivalents68.0 — — — 68.0 
Other4.5 — — — 4.5 
Total investments$72.5 $20.9 $— $380.4 $473.8 
(1)     Investments measured at fair value using the net asset value (NAV”) per share practical expedient have not been classified in the fair value hierarchy. The amounts presented in the tables above are intended to reconcile the fair value hierarchy to the total fair value of plan assets.
December 31, 2022
(In millions)Level 1Level 2Level 3
NAV (1)
Total
Domestic Plans
Equities$— $— $— $5.9 $5.9 
Debt securities:
Domestic treasuries— — — 15.6 15.6 
Corporate bonds— — — 63.8 63.8 
Other— — — 21.7 21.7 
Property/real estate— — — 38.7 38.7 
Cash equivalents139.4 — — — 139.4 
Total investments in Domestic Plans$139.4 $— $— $145.7 $285.1 
Foreign Plans
Equities$— $— $— $73.1 $73.1 
Debt securities:
Domestic treasuries— — — 0.4 0.4 
Corporate bonds— — — 10.7 10.7 
Pooled investment funds and other— — — 141.0 141.0 
Property/real estate— — — 10.6 10.6 
Insurance products— 18.5 — — 18.5 
Other3.7 — — 9.6 13.3 
Total investments in Foreign Plans$3.7 $18.5 $— $245.4 $267.6 
Total
Equities$— $— $— $79.0 $79.0 
Debt securities:
Domestic treasuries— — — 16.0 16.0 
Corporate bonds— — — 74.6 74.6 
Pooled investment funds and other— — — 162.7 162.7 
Property/real estate— — — 49.3 49.3 
Insurance products— 18.5 — — 18.5 
Cash equivalents139.4 — — — 139.4 
Other3.7 — — 9.6 13.3 
Total investments$143.1 $18.5 $— $391.1 $552.7 
(1)     Investments measured at fair value using the NAV per share practical expedient have not been classified in the fair value hierarchy. The amounts presented in the tables above are intended to reconcile the fair value hierarchy to the total fair value of plan assets.