XML 25 R14.htm IDEA: XBRL DOCUMENT v3.22.2.2
Employee Benefit Plans
 9 Months Ended
Sep. 30, 2022
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
Provisions for pensions are established to cover benefit plans for retirement, disability and surviving dependents’ pensions. The benefit obligations vary depending on the legal, tax and economic circumstances in various countries in which the Company operates. Generally, the level of benefit depends on the length of service and the remuneration.
Net periodic defined benefit pension costs include the following:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
(In millions)
Service cost$0.3 $0.4 $0.9 $1.0 
Interest cost0.3 0.2 1.1 0.8 
Amortization of actuarial loss— 1.2 — 3.6 
Net periodic pension cost$0.6 $1.8 $2.0 $5.4 
Service costs were recorded within Income from operations in Selling, general and administrative expenses, and interest cost in Interest and other financial expense, net.
The amortization of actuarial losses, associated with the pension obligations recorded in prior years, in Accumulated other comprehensive income exceeding 10% of the defined benefit obligation are recorded ratably in the Condensed Consolidated Statements of Operations.