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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Change in Benefit Obligation, Change in Plan Assets and Components of Funded Status
The following tables present the change in benefit obligation, change in plan assets and components of funded status for defined benefit pension and post-retirement health care benefit plans.
 Pension BenefitsHealth Care Benefits
(In millions)2024
2023
20242023
Change in benefit obligation:
Projected benefit obligation - beginning of year$423.8 $433.8 $4.4 $5.9 
Service cost2.7 3.1 — — 
Interest cost18.2 19.6 0.2 0.3 
Actuarial (gain) / loss(9.1)9.2 (0.7)(1.0)
Benefits paid(39.1)(44.8)(0.4)(0.9)
Other(4.8)2.9 (0.1)0.1 
Projected benefit obligation - end of year391.7 423.8 3.4 4.4 
Projected salary increases(5.5)(6.5)— — 
Accumulated benefit obligation$386.2 $417.3 $3.4 $4.4 
Change in plan assets:
Plan assets - beginning of year$400.5 $396.6 $— $— 
Actual return on plan assets17.9 37.7 — — 
Company contributions 7.0 9.1 0.4 0.9 
Benefits paid(39.1)(44.8)(0.4)(0.9)
Other0.2 1.9 — — 
Plan assets - end of year$386.5 $400.5 $— $— 
Unfunded status at end of year$(5.2)$(23.3)$(3.4)$(4.4)
Schedule of Amounts Included In Consolidated Balance Sheets
Amounts included in the accompanying Consolidated Balance Sheets as of December 31 are as follows:
 Pension BenefitsHealth Care Benefits
(In millions)2024202320242023
Non-current assets $55.5 $45.1 $— $— 
Accrued expenses and other liabilities5.7 5.1 0.4 0.5 
Other non-current liabilities55.0 63.3 3.0 3.9 
Schedule of Projected and Accumulated Benefit Obligations in Excess of Plan Assets
As of December 31, 2024 and 2023, we had plans with total projected and accumulated benefit obligations in excess of the related plan assets as follows:
 Pension BenefitsHealth Care Benefits
(In millions)2024202320242023
Projected benefit obligation$88.7 $92.9 $3.4 $4.4 
Fair value of plan assets25.2 24.5 — — 
Accumulated benefit obligation81.2 86.6 3.4 4.4 
Fair value of plan assets22.7 23.8 — — 
Schedule of Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost and Benefit Obligation
Weighted-average assumptions used to determine benefit obligations at December 31:
 Pension BenefitsHealth Care Benefits
2024202320242023
Discount rate4.9 %4.5 %5.1 %4.9 %
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:
 Pension BenefitsHealth Care Benefits
202420232022202420232022
Discount rate*4.5 %4.7 %2.7 %4.9 %5.2 %2.9 %
Expected long-term return on plan assets*6.3 %6.7 %4.4 %— — — 
*The mark-to-market component of net periodic costs is determined based on discount rates as of year-end and actual asset returns during the year.
Schedule of Components of Net Period Benefit Cost or Gain
The following table summarizes the components of net periodic benefit cost or gain that was recognized during each of the years in the three-year period ended December 31, 2024.
 Pension BenefitsHealth Care Benefits
(In millions)202420232022202420232022
Components of net periodic benefit cost:
Service cost$2.7 $3.1 $4.1 $— $— $— 
Interest cost18.2 19.6 14.1 0.2 0.3 0.4 
Expected return on plan assets(24.1)(25.5)(22.4)— — — 
Amortization of prior service cost(0.1)(0.1)— — (6.3)— 
Mark-to-market actuarial net (gains) losses(2.9)(2.8)31.4 (0.7)(1.0)(2.9)
Net periodic (income) cost$(6.2)$(5.7)$27.2 $(0.5)$(7.0)$(2.4)
Schedule of Fair Values of Pension Plan Assets
The fair values of pension plan assets at December 31, 2024 and 2023, by asset category, are as follows:
 
Fair Value of Plan Assets at December 31, 2024
(In millions)Quoted
Prices in
Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total Investments (at Fair Value)
Asset category
Cash$4.6 $— $— $4.6 
Bonds and notes46.9 — — 46.9 
Global equity8.5 — — 8.5 
Other — 4.1 16.2 20.3 
Total$60.0 $4.1 $16.2 $80.3 
Investments measured at NAV:
Common collective funds:
United States equity42.3 
International equity25.5 
Fixed income238.4 
Total common collective funds$306.2 
Total investments at fair value$386.5 
 
Fair Value of Plan Assets at December 31, 2023
(In millions)Quoted
Prices in
Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total Investments (at Fair Value)
Asset category
Cash$3.9 $— $— $3.9 
Bonds and notes52.8 — — 52.8 
Global equity8.7 — — 8.7 
Other — 3.1 15.3 18.4 
Total$65.4 $3.1 $15.3 $83.8 
Investments measured at NAV:
Common collective funds:
United States equity43.8 
International equity44.0 
Global equity21.9 
Fixed income207.0 
Total common collective funds$316.7 
Total investments at fair value$400.5 
Schedule of Estimated Future Benefit Payments
The estimated future benefit payments for our pension and health care plans are as follows:
(In millions)Pension BenefitsHealth Care Benefits
2025$39.2 $0.4 
202637.5 0.4 
202735.9 0.4 
202835.8 0.3 
202936.0 0.3 
2030 through 2034154.7 1.2 
Schedule of Contributions to the Retirement Savings Plan
Following are our contributions to the RSP:
(In millions)202420232022
Retirement savings match$11.8 $11.9 $12.7