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12. Commitments & Contingent Liabilities Commitments & Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Obligations and Funded Status [Abstract]

Schedule of Net Benefit Costs [Table Text Block]

Components of Net Periodic Benefit Cost

The following sets forth the net periodic benefit cost (income) for the periods indicated (in millions):


	2020	2019	2018
Service costs	$7.8	$6.9	$7.5
Interest costs	0.8	1.5	1.1
Expected returns on plan assets	(0.7)	(1.2)	(1.1)
Amortization of actuarial losses	1.3	1.0	1.3
Amortization of prior service costs	—	—	0.1
Settlements	1.3	0.9	—

Net periodic benefit costs	$10.5	$9.1	$8.9

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]

Obligations and Funded Status

The following table sets forth the change in benefit obligations, fair value of plan assets and amounts recognized in the Consolidated Balance Sheets for the plans (in millions):


Change in benefit obligation:	2020	2019
Benefit obligation at beginning of year	$153.8	$137.3
Service cost	7.8	6.9
Interest cost	0.8	1.5
Plan participants' contributions	4.1	3.5
Actuarial loss	5.3	11.9
Gross benefits paid	(1.7)	(2.1)
Plan amendments	—	0.2
Settlements	(6.4)	(3.8)
Change attributable to foreign exchange	13.8	(1.6)

Benefit obligation at end of year	177.5	153.8

Change in plan assets:
Fair value of plan assets at beginning year	72.3	66.9
Actual return on plan assets	0.6	0.9
Employer contributions	4.1	4.7
Plan participants' contributions	4.0	3.8
Gross benefits paid	0.2	(0.8)
Settlements	(6.4)	(3.8)
Change attributable to foreign exchange	6.6	0.6

Fair value of plan assets at end of year	81.4	72.3

Under funded status of plans	$(96.1)	$(81.5)

Amounts recognized in the consolidated balance sheets:
Current liabilities (Accrued payroll and employee benefits)	$(1.3)	$(1.1)
Noncurrent liabilities (Other long-term liabilities)	(94.8)	(80.4)

Net liability, end of fiscal year	$(96.1)	$(81.5)

Defined Benefit Plan, Assumptions [Table Text Block]

Assumptions

The above actuarial net losses were primarily based on financial, demographic and experience assumptions.

The weighted-average assumptions used in computing the benefit obligations are as follows:


	2020		2019
Discount rate	0.3	%	0.5	%
Compensation rate increase	1.7	%	1.7	%

The weighted-average assumptions used in computing the net periodic benefit costs are as follows:


	2020		2019		2018
Discount rate	0.5	%	1.1	%	0.8	%
Expected long-term rate of return on plan assets	1.5	%	1.8	%	1.8	%