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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2021

Defined Benefit Plan Disclosure [Line Items]

Schedule of Plan Obligations and Funded Status

The following tables summarize the balance sheet impact, including the benefit obligations, assets, and funded status associated with the Company's four defined benefit plans for non-U.S. participants at December 31, 2021 and 2020.

						December 31,
(in millions)						2021						2020
Change in benefit obligation:
Benefit obligation at beginning of year						$	74.5					$	64.1
Service cost						0.3						0.3
Interest cost						0.9						1.2
Benefits paid						(1.6)						(1.7)
Actuarial (gain) loss (1)						(3.8)						8.3
Settlements and curtailments						—						(0.2)
Currency translation and other						(0.8)						2.5
Benefit obligation at end of year						69.5						74.5
Change in plan assets:
Fair value of plan assets at beginning of year						65.7						58.2
Actual return on plan assets						4.6						5.8
Company contributions						1.5						1.5
Benefits paid						(1.6)						(1.7)
Settlements and curtailments						—						(0.2)
Currency translation and other						(0.9)						2.1
Fair value of plan assets at end of year						69.3						65.7
Funded status						$	(0.2)					$	(8.8)
Amounts recognized in the Consolidated Balance Sheets consist of:
Other assets and deferred charges						$	2.6					$	—
Other liabilities						(2.8)						(8.8)
Funded status						$	(0.2)					$	(8.8)
Accumulated other comprehensive loss:
Net actuarial losses						$	19.2					$	25.6
Prior service cost						1.1						1.1
Deferred taxes						(3.3)						(4.8)
Total accumulated other comprehensive loss, net of tax						17.0						21.9
Accumulated benefit obligation						$	68.4					$	73.3

Schedule of Accumulated Benefit Obligations in Excess of Plan Assets

Pension plans with accumulated benefit obligations in excess of plan assets consisted of the following at December 31, 2021 and 2020:

			December 31,
(in millions)			2021						2020
Accumulated benefit obligation			$	40.0					$	43.0
Fair value of plan assets			37.8						34.8

Schedule of Net Periodic Benefit Costs

Components of the net periodic benefit cost (income) were as follows:

			Years Ended December 31,
(in millions)			2021						2020						2019
Service cost			$	0.3					$	0.3					$	0.3
Interest cost			0.9						1.2						1.5
Expected return on plan assets			(2.8)						(2.4)						(2.4)
Amortization of prior service cost			—						0.1						0.1
Amortization of recognized actuarial loss			0.8						0.5						0.4
Other			—						—						0.1
Total net periodic benefit cost (income)			$	(0.8)					$	(0.3)					$	—

Schedule of Assumptions Used

The assumptions used in determining the benefit obligations were as follows:

			December 31,
			2021						2020
Discount rate
Philippines			5.25		%				4.00		%
Taiwan			0.75		%				0.25		%
United Kingdom			1.84		%				1.28		%
Weighted-average			1.83		%				1.27		%
Average wage increase
Philippines			4.00		%				4.00		%
Taiwan			4.00		%				4.00		%
United Kingdom			4.65		%				4.20		%
Weighted-average			4.59		%				4.18		%

The assumptions used in determining the net periodic benefit cost (income) were as follows:

			Years Ended December 31,
			2021						2020						2019
Discount rate
Philippines			4.00		%				5.00		%				8.25		%
Taiwan			0.25		%				0.75		%				1.25		%
United Kingdom			1.28		%				2.00		%				2.80		%
Weighted-average			1.27		%				1.97		%				2.78		%
Average wage increase
Philippines			4.00		%				5.00		%				6.00		%
Taiwan			4.00		%				4.00		%				4.25		%
United Kingdom			4.20		%				4.25		%				4.40		%
Weighted-average			4.18		%				4.24		%				4.41		%
Expected return on plan assets
Taiwan			3.50		%				3.75		%				2.00		%
United Kingdom			4.34		%				4.35		%				4.82		%
Weighted-average			4.32		%				4.33		%				4.72		%

Fair Value of Plan Assets by Asset Category

The fair values of plan assets by asset category within the ASC 820 hierarchy were as follows at December 31, 2021 and 2020:

			December 31, 2021																								December 31, 2020
(in millions)			Level 1						Level 2						Level 3						Total Fair Value						Level 1						Level 2						Level 3						Total Fair Value
Asset category:
Fixed income investments			$	3.5					$	26.1					$	—					$	29.6					$	3.4					$	24.9					$	—					$	28.3
Common stock funds			—						18.9						—						18.9						—						18.9						—						18.9
Real estate funds			—						5.5						—						5.5						—						5.0						—						5.0
Cash and equivalents			0.5						—						—						0.5						0.3						—						—						0.3
Other			9.0						5.8						—						14.8						7.9						5.3						—						13.2
Total			$	13.0					$	56.3					$	—					$	69.3					$	11.6					$	54.1					$	—					$	65.7

Schedule of Expected Benefit Payments

Estimated future benefit payments to retirees, which reflect expected future service, are as follows:

(in millions)
2022			$	2.1
2023			1.9
2024			2.1
2025			2.6
2026			2.6
2027-2031			14.3

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