XML 32 R21.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Postretirement and Other Benefits | 9 Months Ended
--- | ---
Sep. 30, 2022
Retirement Benefits [Abstract] |
Postretirement and Other Benefits | Postretirement and Other Benefits The Company sponsors pension benefits in the United States, France, United Kingdom, Germany, Italy, Netherlands, and Canada and OPEB benefits related to postretirement healthcare and life insurance in the United States, Germany, and Canada. The Company’s pension benefits in Italy and Canada and Canadian OPEB liability are not material and therefore are not included in the following disclosures. In connection with the Merger, the Company assumed Neenah's pension and OPEB plans. In addition, Neenah has a supplemental employee retirement plan ("SERP"), which is a non-qualified defined benefit plan, and a supplemental retirement contribution plan ("SRCP"), which is a non-qualified, unfunded defined contribution plan. The Company provides benefits under the non-qualified SERP and SRCP plans to the extent necessary to fulfill the intent of its retirement plans without regard to the limitations set by the Internal Revenue Code on qualified retirement benefit plans. Pension and OPEB Benefits The components of net pension benefit costs for the employees in the United States, France, United Kingdom Germany, and Netherlands were as follows (in millions):
| Three Months Ended September 30,
| U.S. Pension Plans |  |  |  |  |  | Non-U.S. Pension Plans |  |
| 2022 |  | 2021 |  |  |  |  |  |  |  |  |  | 2022 |  | 2021 |  |  |  |
Service cost | $ | 0.5 |  |  | $ | — |  |  |  |  |  |  |  |  |  |  | $ | 0.7 |  |  | $ | 0.5 |  |  |  |  |
Interest cost | 4.1 |  |  | 0.7 |  |  |  |  |  |  |  |  |  |  | 2.0 |  |  | 0.9 |  |  |  |  |
Expected return on plan assets | (5.0) |  |  | (1.0) |  |  |  |  |  |  |  |  |  |  | (1.9) |  |  | (1.0) |  |  |  |  |
Amortizations and other | 0.5 |  |  | 0.9 |  |  |  |  |  |  |  |  |  |  | 0.1 |  |  | 0.2 |  |  |  |  |
Net periodic benefit cost | $ | 0.1 |  |  | $ | 0.6 |  |  |  |  |  |  |  |  |  |  | $ | 0.9 |  |  | $ | 0.6 |  |  |  |  |
| Nine Months Ended September 30,
| U.S. Pension Plans |  |  |  |  | Non-U.S. Pension Plans |  |
| 2022 |  | 2021 |  |  |  |  |  |  |  |  | 2022 |  | 2021 |  |  |  |
Service cost | $ | 0.5 |  |  | $ | — |  |  |  |  |  |  |  |  |  | $ | 1.4 |  |  | $ | 1.2 |  |  |  |  |
Interest cost | 5.7 |  |  | 2.1 |  |  |  |  |  |  |  |  |  | 3.2 |  |  | 1.8 |  |  |  |  |
Expected return on plan assets | (7.0) |  |  | (3.0) |  |  |  |  |  |  |  |  |  | (3.2) |  |  | (1.9) |  |  |  |  |
Amortizations and other | 1.3 |  |  | 2.7 |  |  |  |  |  |  |  |  |  | 0.4 |  |  | 0.7 |  |  |  |  |
Net periodic benefit cost | $ | 0.5 |  |  | $ | 1.8 |  |  |  |  |  |  |  |  |  | $ | 1.8 |  |  | $ | 1.8 |  |  |  |  |
The components of net periodic benefit cost other than the service cost component are included in Other income, net in the unaudited Condensed Consolidated Statements of Income/(Loss).

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for retirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI https://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section S99 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(i) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (o) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (p) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI https://asc.fasb.org/topic&trid=2235017 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 3 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(03) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (q) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(1) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iii) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (l) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(2) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration