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Retirement Benefit Plans
9 Months Ended
Sep. 30, 2023
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block] Retirement Benefit Plans
The Company maintains various defined benefit pension plans that provide benefits based on years of service and average compensation during certain periods. The Company's policy is to make contributions to fund these plans within the range allowed by applicable regulations. Plan assets consist primarily of publicly traded stocks and government and corporate bonds.
Pension benefits for employees covered under the Company's U.S. and U.K. plans are frozen. Only certain grandfathered employees in the Netherlands still earn retirement benefits under a defined benefit pension plan. All other eligible employees of the Company, including employees whose pension benefits are frozen, receive retirement benefits under defined contribution retirement plans.

During the third quarter of 2022, the Company recognized a settlement loss of $1.5 million resulting from lump-sum distributions exceeding the total projected interest cost for the plan year for its U.S. pension plan. The Company remeasured the plan as of September 30, 2022 using a discount rate of 5.52% compared to the December 31, 2021 discount rate of 2.58%. As a result of the remeasurement, the funded status of the plan decreased by $4.3 million and accumulated other comprehensive income increased by $4.2 million ($4.2 million net of tax).

The Company presents the components of net benefit cost, other than service cost, in other (income) expense in the unaudited condensed consolidated statements of operations for its pension plans. Service cost for the Company's pension plan is reported in operating profit. The components of pension (income) expense are set forth below:
 THREE MONTHS ENDEDNINE MONTHS ENDED
 SEPTEMBER 30SEPTEMBER 30
 2023 202220232022
U.S. Pension     
Interest cost$0.6  $0.4 $1.9 $1.2 
Expected return on plan assets(0.7) (0.9)(2.0)(2.7)
Settlement loss 1.5  1.5 
Amortization of actuarial loss0.6  0.5 1.6 1.4 
Total$0.5  $1.5 $1.5 $1.4 
Non-U.S. Pension    
Service cost$  $0.1 $ $0.2 
Interest cost1.4  0.8 4.1 2.4 
Expected return on plan assets(1.9) (1.8)(5.6)(5.7)
Amortization of actuarial loss0.2  0.6 0.6 2.1 
Total$(0.3) $(0.3)$(0.9)$(1.0)