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Pensions and Other Postretirement Benefits (Tables) | 12 Months Ended
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Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items] |
Retirement Plan amounts recorded on consolidated balance sheets | The following table summarizes amounts recorded on the accompanying consolidated balance sheets associated with these various retirement benefit plans:
|  | December 31, |
|  | 2019 |  |  | 2018 |
Included in "Other assets": |  |  |  |  |  |
Non-U.S. pension plans |  | $ | 303 |  |  | $ | 356 |
Total included in other assets |  | $ | 303 |  |  | $ | 356 |
Included in "Payroll and related expenses": |  |  |  |  |  |  |  |
U.S. pension plans |  | $ | (35 | ) |  | $ | (35 | )
Non-U.S. pension plans |  |  | (7,362 | ) |  |  | (7,228 | )
U.S. other postretirement plans |  |  | (872 | ) |  |  | (703 | )
Non-U.S. other postretirement plans |  |  | (616 | ) |  |  | (181 | )
Total included in payroll and related expenses |  | $ | (8,885 | ) |  | $ | (8,147 | )
Accrued pension and other postretirement costs: |  |  |  |  |  |  |  |
U.S. pension plans |  | $ | (42,348 | ) |  | $ | (38,134 | )
Non-U.S. pension plans |  |  | (202,873 | ) |  |  | (197,515 | )
U.S. other postretirement plans |  |  | (6,817 | ) |  |  | (6,291 | )
Non-U.S. other postretirement plans |  |  | (7,493 | ) |  |  | (7,772 | )
Other retirement obligations |  |  | (12,871 | ) |  |  | (11,272 | )
Total accrued pension and other postretirement costs |  | $ | (272,402 | ) |  | $ | (260,984 | )
Accumulated other comprehensive loss: |  |  |  |  |  |  |  |
U.S. pension plans |  | $ | 8,839 |  |  | $ | 5,501 |
Non-U.S. pension plans |  |  | 84,926 |  |  |  | 76,698 |
U.S. other postretirement plans |  |  | (180 | ) |  |  | (1,257 | )
Non-U.S. other postretirement plans |  |  | 2,179 |  |  |  | 2,044 |
Total accumulated other comprehensive loss* |  | $ | 95,764 |  |  | $ | 82,986 |
* - Amounts included in accumulated other comprehensive loss are presented in this table pre-tax.
Defined Benefit Pension Plans [Member] |
Defined Benefit Plan Disclosure [Line Items] |
Reconciliation of benefit obligation, plan assets, and funded status | The following table sets forth a reconciliation of the benefit obligation, plan assets, and funded status related to U.S. and non-U.S. pension plans:
|  | December 31, 2019 |  |  | December 31, 2018 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Change in benefit obligation: |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 38,169 |  |  | $ | 275,207 |  |  | $ | 39,917 |  |  | $ | 294,187 |
Service cost |  |  | - |  |  |  | 3,382 |  |  |  | - |  |  |  | 3,822 |
Interest cost |  |  | 1,696 |  |  |  | 5,116 |  |  |  | 1,484 |  |  |  | 4,793 |
Plan amendments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 125 |
Actuarial (gains) losses |  |  | 4,309 |  |  |  | 20,115 |  |  |  | (1,431 | ) |  |  | (1,311 | )
Benefits paid |  |  | (1,791 | ) |  |  | (18,985 | ) |  |  | (1,801 | ) |  |  | (14,397 | )
Currency translation |  |  | - |  |  |  | (1,274 | ) |  |  | - |  |  |  | (12,012 | )
Benefit obligation at end of year |  | $ | 42,383 |  |  | $ | 283,561 |  |  | $ | 38,169 |  |  | $ | 275,207 |
Change in plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  | $ | - |  |  | $ | 70,820 |  |  | $ | - |  |  |  | 70,605 |
Actual return on plan assets |  |  | - |  |  |  | 4,614 |  |  |  | - |  |  |  | 1,412 |
Company contributions |  |  | 1,791 |  |  |  | 15,443 |  |  |  | 1,801 |  |  |  | 16,105 |
Benefits paid |  |  | (1,791 | ) |  |  | (18,985 | ) |  |  | (1,801 | ) |  |  | (14,397 | )
Currency translation |  |  | - |  |  |  | 1,737 |  |  |  | - |  |  |  | (2,905 | )
Fair value of plan assets at end of year |  | $ | - |  |  | $ | 73,629 |  |  | $ | - |  |  | $ | 70,820 |
Funded status at end of year |  | $ | (42,383 | ) |  | $ | (209,932 | ) |  | $ | (38,169 | ) |  | $ | (204,387 | )
Amounts recognized in consolidated balance sheet | Amounts recognized in the accompanying consolidated balance sheets consist of the following:
|  | December 31, 2019 |  |  | December 31, 2018 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Other assets |  | $ | - |  |  | $ | 303 |  |  | $ | - |  |  | $ | 356 |
Accrued benefit liability - current |  |  | (35 | ) |  |  | (7,362 | ) |  |  | (35 | ) |  |  | (7,228 | )
Accrued benefit liability - non-current |  |  | (42,348 | ) |  |  | (202,873 | ) |  |  | (38,134 | ) |  |  | (197,515 | )
Accumulated other comprehensive loss |  |  | 8,839 |  |  |  | 84,926 |  |  |  | 5,501 |  |  |  | 76,698 |
|  | $ | (33,544 | ) |  | $ | (125,006 | ) |  | $ | (32,668 | ) |  | $ | (127,689 | )
Components of actuarial items | Actuarial items consist of the following:
|  | December 31, 2019 |  |  | December 31, 2018 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Unrecognized net actuarial loss |  | $ | 8,199 |  |  | $ | 84,523 |  |  | $ | 4,717 |  |  | $ | 76,254 |
Unamortized prior service cost |  |  | 640 |  |  |  | 403 |  |  |  | 784 |  |  |  | 444 |
|  | $ | 8,839 |  |  | $ | 84,926 |  |  | $ | 5,501 |  |  | $ | 76,698 |
Projected and accumulated benefit obligations | The following table sets forth additional information regarding the projected and accumulated benefit obligations:
|  | December 31, 2019 |  |  | December 31, 2018 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Accumulated benefit obligation, all plans |  | $ | 42,383 |  |  | $ | 264,723 |  |  | $ | 38,169 |  |  | $ | 258,244 |
Plans for which the accumulated benefit obligation exceeds plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Projected benefit obligation |  | $ | 42,383 |  |  | $ | 252,469 |  |  | $ | 38,169 |  |  | $ | 247,066 |
Accumulated benefit obligation |  |  | 42,383 |  |  |  | 239,341 |  |  |  | 38,169 |  |  |  | 235,167 |
Fair value of plan assets |  |  | - |  |  |  | 44,670 |  |  |  | - |  |  |  | 45,818 |
Components of the net periodic benefit costs | The following table sets forth the components of net periodic pension cost:
|  | Years ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Service cost net of employee contributions |  | $ | - |  |  | $ | 3,382 |  |  | $ | - |  |  | $ | 3,822 |  |  | $ | - |  |  | $ | 3,725 |
Interest cost |  |  | 1,696 |  |  |  | 5,116 |  |  |  | 1,484 |  |  |  | 4,793 |  |  |  | 1,643 |  |  |  | 4,866 |
Expected return on plan assets |  |  | - |  |  |  | (1,956 | ) |  |  | - |  |  |  | (1,889 | ) |  |  | - |  |  |  | (2,072 | )
Amortization of actuarial losses |  |  | 827 |  |  |  | 5,374 |  |  |  | 656 |  |  |  | 6,196 |  |  |  | 587 |  |  |  | 6,179 |
Amortization of prior service cost (credit) |  |  | 144 |  |  |  | 197 |  |  |  | 144 |  |  |  | 318 |  |  |  | 144 |  |  |  | 150 |
Curtailment and settlement losses |  |  | - |  |  |  | 2,183 |  |  |  | - |  |  |  | 1,111 |  |  |  | - |  |  |  | 1,360 |
Net periodic pension cost |  | $ | 2,667 |  |  | $ | 14,296 |  |  | $ | 2,284 |  |  | $ | 14,351 |  |  | $ | 2,374 |  |  | $ | 14,208 |
Weighted average assumptions used | The following weighted average assumptions were used to determine benefit obligations at December 31 of the respective years:
|  | 2019 |  |  | 2018 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Discount rate |  |  | 3.25 | % |  |  | 1.40 | % |  |  | 4.50 | % |  |  | 1.96 | %
Rate of compensation increase |  |  | 0.00 | % |  |  | 2.24 | % |  |  | 0.00 | % |  |  | 2.17 | %
The following weighted average assumptions were used to determine the net periodic pension costs:
|  | Years ended December 31, |
|  | 2019 |  |  | 2018 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Discount rate |  |  | 4.50 | % |  |  | 1.96 | % |  |  | 3.75 | % |  |  | 1.80 | %
Rate of compensation increase |  |  | 0.00 | % |  |  | 2.17 | % |  |  | 0.00 | % |  |  | 2.10 | %
Expected return on plan assets |  |  | 0.00 | % |  |  | 2.77 | % |  |  | 0.00 | % |  |  | 2.95 | %
Estimated future benefit payments | Estimated future benefit payments are as follows:
|  | U.S. Plans |  |  | Non-U.S. Plans |
2020 |  | $ | 1,872 |  |  | $ | 15,485 |
2021 |  |  | 1,870 |  |  |  | 15,064 |
2022 |  |  | 8,311 |  |  |  | 18,071 |
2023 |  |  | 3,185 |  |  |  | 16,306 |
2024 |  |  | 3,183 |  |  |  | 16,154 |
2025-2029 |  |  | 17,460 |  |  |  | 81,415 |
Other Postretirement Benefits [Member] |
Defined Benefit Plan Disclosure [Line Items] |
Reconciliation of benefit obligation, plan assets, and funded status | The following table sets forth a reconciliation of the benefit obligation, plan assets, and accrued benefit cost related to U.S. and non-U.S. non-pension defined benefit postretirement plans:
|  | December 31, 2019 |  |  | December 31, 2018 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Change in benefit obligation: |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 6,994 |  |  | $ | 7,953 |  |  | $ | 7,633 |  |  | $ | 7,898 |
Service cost |  |  | 157 |  |  |  | 284 |  |  |  | 137 |  |  |  | 288 |
Interest cost |  |  | 286 |  |  |  | 123 |  |  |  | 273 |  |  |  | 114 |
Actuarial (gains) losses |  |  | 939 |  |  |  | 311 |  |  |  | (344 | ) |  |  | 327 |
Benefits paid |  |  | (687 | ) |  |  | (413 | ) |  |  | (705 | ) |  |  | (303 | )
Currency translation |  |  | - |  |  |  | (149 | ) |  |  | - |  |  |  | (371 | )
Benefit obligation at end of year |  | $ | 7,689 |  |  | $ | 8,109 |  |  | $ | 6,994 |  |  | $ | 7,953 |
Fair value of plan assets at end of year |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Funded status at end of year |  | $ | (7,689 | ) |  | $ | (8,109 | ) |  | $ | (6,994 | ) |  | $ | (7,953 | )
Amounts recognized in consolidated balance sheet | Amounts recognized in the accompanying consolidated balance sheets consist of the following:
|  | December 31, 2019 |  |  | December 31, 2018 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Accrued benefit liability - current |  | $ | (872 | ) |  | $ | (616 | ) |  | $ | (703 | ) |  | $ | (181 | )
Accrued benefit liability - non-current |  |  | (6,817 | ) |  |  | (7,493 | ) |  |  | (6,291 | ) |  |  | (7,772 | )
Accumulated other comprehensive income |  |  | (180 | ) |  |  | 2,179 |  |  |  | (1,257 | ) |  |  | 2,044 |
|  | $ | (7,869 | ) |  | $ | (5,930 | ) |  | $ | (8,251 | ) |  | $ | (5,909 | )
Components of actuarial items | Actuarial items consist of the following:
| December 31, 2019 |  | December 31, 2018 |
| U.S. Plans |  | Non-U.S. Plans |  | U.S. Plans |  | Non-U.S. Plans |
Unrecognized net actuarial loss (gain) |  | $ | (180 | ) |  | $ | 2,179 |  |  | $ | (1,257 | ) |  | $ | 2,044 |
|  | $ | (180 | ) |  | $ | 2,179 |  |  | $ | (1,257 | ) |  | $ | 2,044 |
Components of the net periodic benefit costs | The following table sets forth the components of net periodic benefit cost:
|  | Years ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Service cost |  | $ | 157 |  |  | $ | 284 |  |  | $ | 137 |  |  | $ | 288 |  |  | $ | 131 |  |  | $ | 273 |
Interest cost |  |  | 286 |  |  |  | 123 |  |  |  | 273 |  |  |  | 114 |  |  |  | 311 |  |  |  | 103 |
Amortization of actuarial (gains) losses |  |  | (138 | ) |  |  | 107 |  |  |  | (39 | ) |  |  | 105 |  |  |  | (93 | ) |  |  | 76 |
Amortization of prior service credit |  |  | - |  |  |  | - |  |  |  | (148 | ) |  |  | - |  |  |  | (837 | ) |  |  | - |
Net periodic benefit cost (benefit) |  | $ | 305 |  |  | $ | 514 |  |  | $ | 223 |  |  | $ | 507 |  |  | $ | (488 | ) |  | $ | 452 |
Weighted average assumptions used | The following weighted average assumptions were used to determine benefit obligations at December 31 of the respective years:
|  | 2019 |  |  | 2018 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Discount rate |  |  | 3.25 | % |  |  | 0.81 | % |  |  | 4.50 | % |  |  | 1.60 | %
Rate of compensation increase |  |  | 0.00 | % |  |  | 2.87 | % |  |  | 0.00 | % |  |  | 3.18 | %
The following weighted average assumptions were used to determine the net periodic benefit costs:
|  | Years ended December 31, |
|  | 2019 |  |  | 2018 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Discount rate |  |  | 4.50 | % |  |  | 1.60 | % |  |  | 3.75 | % |  |  | 1.50 | %
Rate of compensation increase |  |  | 0.00 | % |  |  | 3.18 | % |  |  | 0.00 | % |  |  | 2.88 | %
Estimated future benefit payments | Estimated future benefit payments are as follows:
|  | U.S. Plans |  |  | Non-U.S. Plans |
2020 |  | $ | 872 |  |  | $ | 616 |
2021 |  |  | 839 |  |  |  | 251 |
2022 |  |  | 798 |  |  |  | 574 |
2023 |  |  | 721 |  |  |  | 266 |
2024 |  |  | 670 |  |  |  | 490 |
2025-2029 |  |  | 2,440 |  |  |  | 2,794 |

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