XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Pension and Postretirement Benefits (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Pension Plans |
Defined Benefit Plan Disclosure [Line Items] |
Schedule of Components of Net Periodic Benefit (Income) Expense | Net periodic pension expense (income) is presented below:
|  | Three Months Ended September 30, 2022 |  | Three Months Ended September 30, 2021
|  | Total |  | U.S. Plans |  | International Plans |  | Total |  | U.S. Plans |  | International Plans
Service cost(i) |  | $ | 0.4 |  |  | $ | — |  |  | $ | 0.4 |  |  | $ | 0.7 |  |  | $ | — |  |  | $ | 0.7 |
Interest cost |  | 38.2 |  |  | 28.7 |  |  | 9.5 |  |  | 38.2 |  |  | 29.4 |  |  | 8.8 |
Expected return on plan assets |  | (66.1) |  |  | (47.4) |  |  | (18.7) |  |  | (69.8) |  |  | (50.0) |  |  | (19.8) |
Amortization of prior service benefit |  | (1.2) |  |  | (0.6) |  |  | (0.6) |  |  | (1.3) |  |  | (0.7) |  |  | (0.6) |
Recognized net actuarial loss |  | 40.5 |  |  | 31.4 |  |  | 9.1 |  |  | 45.8 |  |  | 34.0 |  |  | 11.8 |
Net periodic pension expense (income) |  | $ | 11.8 |  |  | $ | 12.1 |  |  | $ | (0.3) |  |  | $ | 13.6 |  |  | $ | 12.7 |  |  | $ | 0.9 |
|  | Nine Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2021
|  | Total |  | U.S. Plans |  | International Plans |  | Total |  | U.S. Plans |  | International Plans
Service cost(i) |  | $ | 1.4 |  |  | $ | — |  |  | $ | 1.4 |  |  | $ | 2.4 |  |  | $ | — |  |  | $ | 2.4 |
Interest cost |  | 116.2 |  |  | 86.0 |  |  | 30.2 |  |  | 116.2 |  |  | 88.2 |  |  | 28.0 |
Expected return on plan assets |  | (201.8) |  |  | (142.3) |  |  | (59.5) |  |  | (212.3) |  |  | (149.9) |  |  | (62.4) |
Amortization of prior service benefit |  | (3.8) |  |  | (1.9) |  |  | (1.9) |  |  | (4.0) |  |  | (1.9) |  |  | (2.1) |
Recognized net actuarial loss |  | 123.3 |  |  | 94.4 |  |  | 28.9 |  |  | 138.6 |  |  | 101.8 |  |  | 36.8 |
Settlement losses (ii) (iii) |  | — |  |  | — |  |  | — |  |  | 368.7 |  |  | 158.0 |  |  | 210.7 |
Net periodic pension expense (income) |  | $ | 35.3 |  |  | $ | 36.2 |  |  | $ | (0.9) |  |  | $ | 409.6 |  |  | $ | 196.2 |  |  | $ | 213.4 |
(i)Service cost is reported in selling, general and administrative expense. All other components of net periodic pension expense (income) are reported in other (expense), net in the consolidated statements of income (loss).
(ii)In the second quarter of 2021, the company’s primary pension plan related to its Dutch subsidiary was transferred to a multi-client circle within a multi-employer fund. This action resulted in a pre-tax settlement loss of $182.6 million for the nine months ended September 30, 2021. Additionally, the company’s Swiss subsidiary transferred its defined benefit pension plans to a multiple-employer collective foundation. This action resulted in a pre-tax settlement loss of $28.1 million for the nine months ended September 30, 2021.
(iii)In January 2021, the company purchased a group annuity contract to transferred projected benefit obligations related to its U.S. defined benefit pension plans. This action resulted in a pre-tax settlement loss of $158.0 million for the nine months ended September 30, 2021.
Postretirement Benefit Plans |
Defined Benefit Plan Disclosure [Line Items] |
Schedule of Components of Net Periodic Benefit (Income) Expense | Net periodic postretirement benefit income is presented below:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Service cost(i) |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.2 |  |  | $ | 0.3 |
Interest cost |  | 0.4 |  |  | 0.5 |  |  | 1.4 |  |  | 1.3 |
Expected return on assets |  | — |  |  | (0.1) |  |  | (0.2) |  |  | (0.3) |
Recognized net actuarial gain |  | (0.5) |  |  | (0.7) |  |  | (1.5) |  |  | (2.0) |
Amortization of prior service cost |  | (0.4) |  |  | (0.4) |  |  | (1.1) |  |  | (1.2) |
Net periodic postretirement benefit income |  | $ | (0.4) |  |  | $ | (0.6) |  |  | $ | (1.2) |  |  | $ | (1.9) |
(i)Service cost is reported in selling, general and administrative expense. All other components of net periodic postretirement benefit expense (income) are reported in other (expense), net in the consolidated statements of income (loss).

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DefinedBenefitPlanDisclosureLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=us-gaap_PensionPlansDefinedBenefitMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |