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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Components of Net Periodic Pension Income
The components of net periodic pension cost (income) are as follows:
U.S. PlanInternational Plans
 Year Ended December 31,Year Ended December 31,
 20242023202220242023
Interest cost$2.2 $2.4 $1.7 $1.3 $1.2 
Service cost— — — 0.9 0.7 
Expected return on plan assets(3.0)(3.3)(4.3)(1.8)(1.3)
Amortization of net loss— 0.9 0.5 — — 
Net settlement loss1.1 — — — — 
Total net periodic pension cost (income)$0.3 $— $(2.1)$0.4 $0.6 
Schedule of Changes in Projected Benefit Obligation and Plan Assets, Funded Status and Amounts Recognized on the Balance Sheet
The other changes in plan assets and projected benefit obligations recognized in other comprehensive (loss) income, on a pre-tax basis, are as follows:
U.S. PlanInternational Plans
 Year Ended December 31,Year Ended December 31,
 20242023202220242023
Net actuarial loss (gain)$3.1 $(5.9)$1.7 $(2.4)$0.1 
Net amortization— (0.9)(0.5)— $— 
Effect of foreign exchange rates— — — — 4.7 
Net settlement loss(1.1)— — — — 
Total recognized in other comprehensive (loss) income$2.0 $(6.8)$1.2 $(2.4)$4.8 
The changes in the projected benefit obligation and plan assets, the funded status of the plans and the amounts recognized in the consolidated balance sheets are as follows:
 
U.S. PlanInternational Plans
December 31, December 31,
2024202320242023
Change in projected benefit obligation:
Projected benefit obligation at beginning of year$48.1 $50.0 $43.0 $— 
Acquisition of Howden (1)
— — — 41.1 
Interest cost2.2 2.4 1.3 1.2 
Service cost— — 0.9 0.7 
Benefits paid(3.5)(3.1)(2.1)(2.0)
Actuarial losses (gains)0.4 (1.2)(1.2)0.4 
Settlements(7.7)— (0.2)— 
Foreign exchange rate impact— — (2.5)1.6 
Projected benefit obligation at year end39.5 48.1 39.2 43.0 
Accumulated benefit obligation at year end39.5 48.1 37.5 41.2 
Change in plan assets:
Fair value of plan assets at beginning of year54.0 49.1 41.8 — 
Acquisition of Howden (1)
— — — 38.7 
Actual return 1.0 8.0 3.3 1.6 
Employer contributions— — 2.2 1.9 
Benefits paid(3.5)(3.1)(2.1)(2.0)
Expenses paid(0.7)— — — 
Settlements(7.7)— (0.2)— 
Foreign exchange rate impact— — (2.6)1.6 
Fair value of plan assets at year end43.1 54.0 42.4 41.8 
Funded status (accrued pension asset (liability))$3.6 $5.9 $3.2 $(1.2)
Amounts recognized on the consolidated balance sheet at December 31:
Non-current assets$3.7 $5.9 $10.2 $5.8 
Current liabilities— — (0.4)(0.3)
Non-current liabilities— — (6.6)(6.7)
Recognized accrued pension asset (liability)$3.7 $5.9 $3.2 $(1.2)
Unrecognized actuarial loss (gain) recognized in accumulated other comprehensive loss$5.6 $3.5 $(2.3)$0.1 
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(1)The 2023 changes in the projected benefit obligation and plan assets reflect the effect of the Howden Acquisition.
Schedule of Accumulated and Projected Benefit Obligations
International Plans with accumulated benefit obligations in excess of plan assets consist of the following:
International Plans
December 31,
20242023
Projected benefit obligation$6.7 $6.7 
Accumulated benefit obligation5.7 5.7 
Fair value of plan assets0.3 0.3 
International Plans with projected benefit obligations in excess of plan assets consist of the following:
International Plans
December 31,
20242023
Projected benefit obligation$10.2 $10.2 
Accumulated benefit obligation8.5 8.4 
Fair value of plan assets3.2 3.4 
Schedule of Assumptions Used
The actuarial assumptions used in determining pension plan information are as follows: 
U.S. PlanInternational Plans
 Year Ended December 31,Year Ended December 31,
 20242023202220242023
Assumptions used to determine the projected obligation at year end:
Discount rate5.5 %5.0 %4.9 %3.4 %3.4 %
Rate of increase in compensation levels for active pension plans— %— %— %3.9 %4.1 %
Assumptions used to determine net periodic benefit cost:
Discount rate5.0 %4.9 %2.7 %3.4 %3.4 %
Expected long-term weighted-average rate of return on plan assets6.0 %7.0 %7.0 %4.2 %4.5 %
Rate of increase in compensation levels for active pension plans— %— %— %3.9 %4.1 %
Schedule of Target Allocation by Asset Category and Fair Value The Chart Plan’s target allocations by asset category and fair values of the plan assets by asset class at December 31 are as follows:
U.S. Plan
Target Allocations by Asset CategoryFair Value
TotalLevel 2Level 3
Plan Assets:202420232024202320242023
Equity funds—%$— $16.5 $— $16.5 $— $— 
Fixed income funds71%43.1 34.0 43.1 34.0 — — 
Other investments29%— 3.5 — — — 3.5 
Total$43.1 $54.0 $43.1 $50.5 $— $3.5 
The International Plans’ target allocations by asset category and fair values of the plan assets by asset class at December 31 are as follows:
International Plans
Target Allocations by Asset CategoryFair Value
TotalLevel 1Level 2
Plan Assets:202420232024202320242023
Cash and cash equivalents0%$— $0.2 $— $0.2 $— $— 
Insurance contracts7%2.9 2.9 — — 2.9 2.9 
Investments funds93%39.5 38.7 — — 39.5 38.7 
Total$42.4 $41.8 $— $0.2 $42.4 $41.6 
Rollforward of Unobservable Inputs
The following table represents changes in the fair value of plan assets categorized as Level 3 from the preceding table:
U.S. Plan
Balance at December 31, 2022
$1.1 
Purchases, sales and settlements, net(2.9)
Transfers, net5.3 
Balance at December 31, 2023
3.5 
Purchases, sales and settlements, net(3.5)
Transfers, net— 
Balance at December 31, 2024
$— 
Schedule of Expected Benefit Payments The following benefit payments are expected to be paid by the plan in each of the next five years and in the aggregate for the subsequent five years:
U.S. PlanInternational Plans
2025$3.5 $2.3 
20263.5 2.5 
20273.5 2.2 
20283.4 2.5 
20293.4 2.6 
In aggregate during five years thereafter15.6 11.4