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Retirement Benefit Plans (Tables) - Pension Plan
12 Months Ended
Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Cost Information and the Related Assumptions Used to Measure the Net Periodic Benefit Cost
The following tables summarize the net periodic benefit cost information and the related assumptions used to measure the net periodic benefit cost for the years ended December 31:
U.S. PlansInternational Plans
 202420232022202420232022
Components of net periodic
   benefit cost:
Service cost$0.7 $0.8 $6.9 $1.9 $1.6 $1.6 
Interest cost17.1 17.9 17.7 10.2 10.4 5.7 
Expected return on plan assets(7.6)(8.5)(18.9)(9.6)(10.4)(9.3)
Amortization of prior service cost0.1 0.2 1.2 0.2 0.2 0.1 
Recognition of net actuarial
   (gains) losses
(1.3)9.2 22.6 0.6 12.4 (6.6)
Curtailment gain — — (0.1)— — 
Net periodic benefit cost (credit)$9.0 $19.6 $29.5 $3.2 $14.2 $(8.5)
Schedule of Assumptions Used to Measure the Benefit Obligation for the Defined Benefit Pension Plans
Assumptions202420232022
U.S. Plans:
Discount rate
5.37% to 5.53%
5.62% to 5.74%
3.03% to 4.95%
Future compensation assumption
   3.25%
2.50% to 3.50%
2.50% to 3.50%
Expected long-term return on plan assets
2.09% to 4.67%
4.31% to 4.91%
4.35% to 5.65%
International Plans:
Discount rate
3.15% to 11.70%
3.70% to 10.70%
1.00% to 9.50%
Future compensation assumption
3.00% to 8.00%
2.80% to 8.00%
2.10% to 8.00%
Expected long-term return on plan assets
2.50% to 8.90%
2.50% to 8.90%
2.00% to 8.90%
The following table summarizes assumptions used to measure the benefit obligation for the defined benefit pension plans at December 31:
Assumptions20242023
U.S. Plans:
Discount rate
5.78% to 5.84%
5.37% to 5.53%
Future compensation assumption
3.00%
3.25 %
International Plans:
Discount rate
3.35% to 11.40%
3.15% to 11.70%
Future compensation assumption
2.62% to 8.00%
3.00% to 8.00%
Schedule of Change in Benefit Obligations
The following tables set forth the change in the benefit obligation and plan assets, funded status and amounts recognized on the Consolidated Balance Sheets for defined benefit pension plans as of December 31, 2024 and 2023:
U.S. PlansInternational Plans
 2024202320242023
Change in benefit obligation:
Benefit obligation at beginning of year$333.2 $335.3 $242.3 $218.1 
Service cost0.7 0.8 1.9 1.6 
Interest cost17.1 17.9 10.2 10.4 
Plan amendments — 0.3 — 
Actuarial (gains) losses(12.6)10.8 (14.9)10.8 
International plan exchange rate change — (6.9)10.4 
Curtailments — (0.1)— 
Benefits paid(21.0)(31.6)(15.0)(14.7)
Acquisitions —  3.9 
Other — 0.4 1.8 
Benefit obligation at end of year$317.4 $333.2 $218.2 $242.3 
Schedule of Change in Plan Assets
Change in plan assets:
Fair value of plan assets at beginning of year$199.2 $201.6 $196.8 $185.5 
Actual return on plan assets(3.7)10.1 (5.9)8.8 
Company contributions / payments20.5 19.1 4.1 8.0 
International plan exchange rate change — (4.1)9.2 
Benefits paid(21.0)(31.6)(15.0)(14.7)
Fair value of plan assets at end of year195.0 199.2 175.9 196.8 
Funded status at end of year$(122.4)$(134.0)$(42.3)$(45.5)
Schedule of Amounts Recognized on the Consolidated Balance Sheets
Amounts recognized on the Consolidated Balance Sheets:
Current liabilities$(4.9)$(4.8)$(2.1)$(2.4)
Non-current liabilities(117.5)(129.2)(40.2)(43.1)
$(122.4)$(134.0)$(42.3)$(45.5)
Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss (Income) and Changes in Prior Service Cost Recognized in Accumulated Other Comprehensive Loss (Income)
Amounts recognized in accumulated other comprehensive loss:
Net prior service cost$ $0.1 $3.6 $3.6 
Accumulated other comprehensive loss$ $0.1 $3.6 $3.6 
Changes in prior service cost recognized in accumulated other
     comprehensive loss:
Accumulated other comprehensive loss at beginning of year$0.1 $0.3 $3.6 $3.6 
Prior service cost — 0.3 — 
Recognized prior service cost(0.1)(0.2)(0.2)(0.2)
Foreign currency impact — (0.1)0.2 
Total recognized in accumulated other comprehensive
     loss at December 31
$ $0.1 $3.6 $3.6 
Schedule of Target Allocation for Pension Plan Assets and Actual Pension Plan Asset Allocations
The Company’s target allocation for pension plan assets, as well as the actual pension plan asset allocations as of December 31, 2024 and 2023, was as follows: 
Current Target
Allocation
Percentage of Pension Plan
Assets at December 31,
Asset Category20242023
Equity securities10%to14%13%13%
Fixed income securities78%to90%83%84%
Other investments2%to6%4%3%
Total100%100%
Schedule of Fair Value Hierarchy for Investments of Pension Assets Measured at Fair Value on a Recurring Basis
The following table presents the fair value hierarchy for those investments of the Company’s pension assets measured at fair value on a recurring basis:
December 31, 2024December 31, 2023
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets:
Cash and cash equivalents$14.0 $ $ $14.0 $28.0 $— $— $28.0 
Government and agency securities8.0   8.0 9.0 — — 9.0 
Equity securities - U.S. companies0.1   0.1 0.1 — — 0.1 
Common collective funds - fixed income    31.0 — — 31.0 
Mutual funds - fixed income28.8   28.8 30.5 — — 30.5 
$50.9 $ $ $50.9 $98.6 $— $— $98.6 
Investments measured at net asset value:
Common collective funds - international equities 47.3 45.8 
Common collective funds - fixed income 132.2 166.1 
Limited partnerships 4.2 5.4 
Real estate partnerships2.3 3.5 
Other liability-driven investments109.1 51.6 
Other assets 24.9 25.0 
   Total Assets$370.9 $396.0 
Schedule of Employer Contributions to Defined Benefit Plans
Employer Contributions to Defined Benefit Plans
2023$27.1 
202424.6 
2025 (estimated)37.6 
Schedule of Estimated Future Benefit Payments
Estimated future benefit payments, including estimated lump sum distributions, are expected to be as follows:
Benefit Payments 
2025$56.4 
202648.5 
202744.2 
202842.6 
202941.7 
2030-2034211.3