XML 72 R49.htm IDEA: XBRL DOCUMENT
v3.22.4

Employee plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items] |
Schedule of Restricted Stock Unit Activity | A summary of restricted stock and restricted stock unit (RSU) activity for the year ended December 31, 2022 follows (shares in thousands):
|  | Restricted Stock and RSU |  | Weighted-Average Grant-Date Fair Value
Outstanding at December 31, 2021 |  | 2,124 |  |  | $ | 22.73 |
Granted |  | 1,177 |  |  | 24.69 |
Vested |  | (819) |  |  | 22.35 |
Forfeited and expired |  | (252) |  |  | 25.78 |
Outstanding at December 31, 2022 |  | 2,230 |  |  | 23.53 |
Schedule of Weighted-Average Assumptions | The fair value of awards with market conditions is estimated using a Monte Carlo simulation with the following weighted-average assumptions.
Year ended December 31, |  | 2022 |  | 2021
Weighted-average fair value of grant |  | $ | 34.14 |  |  | $ | 40.02 |
Risk-free interest rate(i) |  | 1.72 | % |  | 0.27 | %
Expected volatility(ii) |  | 57.71 | % |  | 57.08 | %
Expected life of restricted stock units in years(iii) |  | 2.85 |  | 2.84
Expected dividend yield |  | — | % |  | — | %
(i) | Represents the continuously compounded semi-annual zero-coupon U.S. treasury rate commensurate with the remaining performance period
(ii) | Based on historical volatility for the company that is commensurate with the length of the performance period
(iii) | Represents the remaining life of the longest performance period
Schedule of Accumulated Benefit Obligation in Excess of Plan Assets | Information for defined benefit retirement plans with an accumulated benefit obligation in excess of plan assets follows:
As of December 31, |  | 2022 |  | 2021
Accumulated benefit obligation |  | $ | 3,621.6 |  |  | $ | 4,498.8 |
Fair value of plan assets |  | $ | 2,960.6 |  |  | $ | 3,587.7 |
Schedule of Projected Benefit Obligation in Excess of Plan Assets | Information for defined benefit retirement plans with a projected benefit obligation in excess of plan assets follows:
As of December 31, |  | 2022 |  | 2021
Projected benefit obligation |  | $ | 3,623.2 |  |  | $ | 4,500.5 |
Fair value of plan assets |  | $ | 2,960.6 |  |  | $ | 3,587.7 |
Schedule of Assumed Health Care Cost Trend Rates |
Assumed health care cost trend rates at December 31, |  | 2022 |  | 2021
Health care cost trend rate assumed for next year |  | 7.0 | % |  | 6.5 | %
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) |  | 4.5 | % |  | 4.5 | %
Year that the rate reaches the ultimate trend rate |  | 2033 |  | 2033
Schedule of Plan Assets (Liabilities) at Fair Value | The following table sets forth by level, within the fair value hierarchy, the plans’ assets (liabilities) at fair value at December 31, 2022.
|  | U.S. Plans |  | International Plans
As of December 31, 2022 |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Pension plans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stocks |  | $ | 544.6 |  |  | $ | 543.2 |  |  | $ | 1.4 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commingled Funds |  | 383.2 |  |  |  |  | 383.2 |  |  |  |  |  |  |  |  |  |  |
Debt Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Govt. Securities |  | 291.7 |  |  | 291.7 |  |  |  |  |  |  |  |  |  |  |  |  |
Other Fixed Income |  | 293.8 |  |  |  |  | 293.8 |  |  |  |  | 2.8 |  |  |  |  | 2.8 |  |  |
Insurance Contracts |  |  |  |  |  |  |  |  |  | 100.3 |  |  |  |  |  |  | 100.3 |
Commingled Funds |  | 185.5 |  |  |  |  | 185.5 |  |  |  |  | 126.5 |  |  |  |  | 126.5 |  |  |
Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real Estate Investment Trusts |  | 87.1 |  |  | 87.1 |  |  |  |  |  |  |  |  |  |  |  |  |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives(i) |  | 95.0 |  |  | (4.7) |  |  | 99.7 |  |  |  |  |  |  |  |  |  |  |
Commingled Funds |  |  |  |  |  |  |  |  |  | 15.0 |  |  |  |  | 15.0 |  |  |
Pooled Funds |  | 92.1 |  |  |  |  | 92.1 |  |  |  |  | 25.3 |  |  |  |  | 25.3 |  |  |
Cumulative futures contracts variation margin paid to brokers |  | 5.3 |  |  | 5.3 |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | 0.8 |  |  | 0.8 |  |  |  |  |  |  | 20.5 |  |  | 20.5 |  |  |  |  |
Receivables |  | 9.3 |  |  | 9.3 |  |  |  |  |  |  | 120.9 |  |  | 120.9 |  |  |  |  |
Payables |  | (42.5) |  |  | (42.5) |  |  |  |  |  |  | (0.2) |  |  | (0.2) |  |  |  |  |
Total plan assets in fair value hierarchy |  | $ | 1,945.9 |  |  | $ | 890.2 |  |  | $ | 1,055.7 |  |  | $ | — |  |  | $ | 411.1 |  |  | $ | 141.2 |  |  | $ | 169.6 |  |  | $ | 100.3 |
Plan assets measured using NAV as a practical expedient(ii): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commingled Funds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt |  | $ | 65.0 |  |  |  |  |  |  |  |  | $ | 788.8 |  |  |  |  |  |  |
Other |  | 147.4 |  |  |  |  |  |  |  |  | 244.4 |  |  |  |  |  |  |
Private Real Estate |  | 238.9 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Private Equity |  | 42.9 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total pension plan assets |  | $ | 2,440.1 |  |  |  |  |  |  |  |  | $ | 1,444.3 |  |  |  |  |  |  |
Other postretirement plans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance Contracts |  | $ | 5.2 |  |  |  |  |  |  | $ | 5.2 |  |  |  |  |  |  |  |  |
(i) Level 1 derivatives represent unrealized appreciation or depreciation on open futures contracts. The value of open futures contracts includes derivatives and the cumulative futures contracts variation margin paid to or received from brokers. (ii) Investments measured at fair value using NAV as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table for these investments are included to permit reconciliation of the fair value hierarchy to the total plan assets. The following table sets forth by level, within the fair value hierarchy, the plans’ assets (liabilities) at fair value at December 31, 2021.
|  | U.S. Plans |  | International Plans
As of December 31, 2021 |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Pension plans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stocks |  | $ | 654.3 |  |  | $ | 652.4 |  |  | $ | 1.9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commingled Funds |  | 398.9 |  |  |  |  | 398.9 |  |  |  |  | 34.1 |  |  |  |  | 34.1 |  |  |
Debt Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Govt. Securities |  | 413.2 |  |  | 413.2 |  |  |  |  |  |  |  |  |  |  |  |  |
Other Fixed Income |  | 479.3 |  |  |  |  | 479.3 |  |  |  |  | 3.0 |  |  |  |  | 3.0 |  |  |
Insurance Contracts |  |  |  |  |  |  |  |  |  | 110.2 |  |  |  |  |  |  | 110.2 |
Commingled Funds |  | 525.2 |  |  |  |  | 525.2 |  |  |  |  | 383.8 |  |  |  |  | 383.8 |  |  |
Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real Estate Investment Trusts |  | 154.1 |  |  | 154.1 |  |  |  |  |  |  |  |  |  |  |  |  |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives(i) |  | (53.7) |  |  | 5.8 |  |  | (59.5) |  |  |  |  |  |  |  |  |  |  |
Commingled Funds |  |  |  |  |  |  |  |  |  | 390.0 |  |  |  |  | 390.0 |  |  |
Pooled Funds |  | 108.4 |  |  |  |  | 108.4 |  |  |  |  |  |  |  |  |  |  |
Cumulative futures contracts variation margin received from brokers |  | (5.8) |  |  | (5.8) |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | 0.2 |  |  | 0.2 |  |  |  |  |  |  | 28.7 |  |  | 28.7 |  |  |  |  |
Receivables |  | 15.7 |  |  | 15.7 |  |  |  |  |  |  |  |  |  |  |  |  |
Payables |  | (1.1) |  |  | (1.1) |  |  |  |  |  |  |  |  |  |  |  |  |
Total plan assets in fair value hierarchy |  | $ | 2,688.7 |  |  | $ | 1,234.5 |  |  | $ | 1,454.2 |  |  | $ | — |  |  | $ | 949.8 |  |  | $ | 28.7 |  |  | $ | 810.9 |  |  | $ | 110.2 |
Plan assets measured using NAV as a practical expedient(ii): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commingled Funds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity |  | $ | — |  |  |  |  |  |  |  |  | $ | 404.5 |  |  |  |  |  |  |
Debt |  | 78.6 |  |  |  |  |  |  |  |  | 1,077.3 |  |  |  |  |  |  |
Other |  | 112.5 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Private Real Estate |  | 234.2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Private Equity |  | 25.3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total pension plan assets |  | $ | 3,139.3 |  |  |  |  |  |  |  |  | $ | 2,431.6 |  |  |  |  |  |  |
Other postretirement plans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance Contracts |  | $ | 5.6 |  |  |  |  |  |  | $ | 5.6 |  |  |  |  |  |  |  |  |
(i) Level 1 derivatives represent unrealized appreciation or depreciation on open futures contracts. The value of open futures contracts includes derivatives and the cumulative futures contracts variation margin received from brokers. (ii) Investments measured at fair value using NAV as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table for these investments are included to permit reconciliation of the fair value hierarchy to the total plan assets.
Schedule of Changes in Fair Value of Plans Assets | The following table sets forth a summary of changes in the fair value of the plans’ Level 3 assets for the year ended December 31, 2022.
|  | January 1, 2022 |  | Realized gains (losses) |  | Purchases or acquisitions |  | Sales or dispositions |  | Currency and unrealized gains (losses) relating to instruments still held at December 31, 2022 |  | December 31, 2022
U.S. plans |  |  |  |  |  |  |  |  |  |  |  |
Other postretirement plans |  |  |  |  |  |  |  |  |  |  |  |
Insurance Contracts |  | $ | 5.6 |  |  | $ | (0.7) |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 5.2 |
International pension plans |  |  |  |  |  |  |  |  |  |  |  |
Insurance Contracts |  | $ | 110.2 |  |  | $ | — |  |  | $ | 5.2 |  |  | $ | (10.0) |  |  | $ | (5.1) |  |  | $ | 100.3 |
The following table sets forth a summary of changes in the fair value of the plans’ Level 3 assets for the year ended December 31, 2021.
|  | January 1, 2021 |  | Realized gains (losses) |  | Purchases or acquisitions |  | Sales or dispositions |  | Currency and unrealized gains (losses) relating to instruments still held at December 31, 2021 |  | December 31, 2021
U.S. plans |  |  |  |  |  |  |  |  |  |  |  |
Other postretirement plans |  |  |  |  |  |  |  |  |  |  |  |
Insurance Contracts |  | $ | 6.0 |  |  | $ | (0.1) |  |  | $ | — |  |  | $ | (0.3) |  |  | $ | — |  |  | $ | 5.6 |
International pension plans |  |  |  |  |  |  |  |  |  |  |  |
Insurance Contracts |  | $ | 127.5 |  |  | $ | — |  |  | $ | 36.1 |  |  | $ | (48.7) |  |  | $ | (4.7) |  |  | $ | 110.2 |
Schedule of Additional Information about Plan Assets Valued Using Net Asset Value | The following table presents additional information about plan assets valued using the net asset value as a practical expedient within the fair value hierarchy table.
|  | 2022 |  | 2021
|  | Fair Value |  | Unfunded Commit-ments |  | Redemption Frequency |  | Redemption Notice Period Range |  | Fair Value |  | Unfunded Commit-ments |  | Redemption Frequency |  | Redemption Notice Period Range
U.S. plans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commingled Funds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt |  | $ | 65.0 |  |  | $ | — |  |  | Monthly |  | 45 days |  | $ | 78.6 |  |  | $ | — |  |  | Monthly |  | 45 days
Other |  | 147.4 |  |  | — |  |  | Monthly, Quarterly |  | 5-90 days |  | 112.5 |  |  | — |  |  | Monthly |  | 5 days
Private Real Estate(i) |  | 238.9 |  |  | — |  |  | Quarterly |  | 60-90 days |  | 234.2 |  |  | — |  |  | Quarterly |  | 60-90 days
Private Equity(ii) |  | 42.9 |  |  | 28.4 |  |  |  |  |  |  | 25.3 |  |  | 28.6 |  |  |  |  |
Total |  | $ | 494.2 |  |  | $ | 28.4 |  |  |  |  |  |  | $ | 450.6 |  |  | $ | 28.6 |  |  |  |  |
International pension plans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commingled Funds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity |  | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | 404.5 |  |  | $ | — |  |  | Weekly |  | Up to 2 days
Debt |  | 788.8 |  |  | 73.7 |  |  | Weekly, Monthly, Quarterly |  | Up to 120 days |  | 1,077.3 |  |  | 138.9 |  |  | Weekly, Bimonthly, Monthly, Quarterly |  | Up to 120 days
Other |  | 244.4 |  |  | — |  |  | Bimonthly |  | 10 days |  |  |  |  |  |  |  |
Total |  | $ | 1,033.2 |  |  | $ | 73.7 |  |  |  |  |  |  | $ | 1,481.8 |  |  | $ | 138.9 |  |  |  |  |
(i) Includes investments in private real estate funds. The funds invest in U.S. real estate and allow redemptions quarterly, though queues, restrictions and gates may extend the period. A redemption has been requested from three funds, which have a redemption queue with estimates of full receipt of three to four years. (ii) Includes investments in limited partnerships, which invest primarily in secondary markets and private credit. The investments can never be redeemed.
Pension Plans |
Defined Benefit Plan Disclosure [Line Items] |
Schedule of Weighted-Average Assumptions | Weighted-average assumptions used to determine net periodic pension expense were as follows:
|  | U.S. Plans |  | International Plans
Year ended December 31, |  | 2022 |  | 2021 |  | 2020 |  | 2022 |  | 2021 |  | 2020
Discount rate |  | 3.18 | % |  | 2.85 | % |  | 3.53 | % |  | 1.73 | % |  | 1.23 | % |  | 1.82 | %
Expected long-term rate of return on assets |  | 6.50 | % |  | 6.07 | % |  | 6.50 | % |  | 3.88 | % |  | 3.30 | % |  | 3.50 | %
Weighted-average assumptions used to determine benefit obligations at December 31 were as follows:
Discount rate |  | 6.04 | % |  | 3.18 | % |  | 2.85 | % |  | 4.80 | % |  | 1.73 | % |  | 1.23 | %
Schedule of Funded Status of Plan and Amounts Recognized in Consolidated Balance Sheet | Retirement plans’ funded status and amounts recognized in the company’s consolidated balance sheets follows:
|  | U.S. Plans |  | International Plans
As of December 31, |  | 2022 |  | 2021 |  | 2022 |  | 2021
Change in projected benefit obligation |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 3,709.6 |  |  | $ | 4,545.3 |  |  | $ | 2,614.4 |  |  | $ | 3,468.0 |
Service cost |  | — |  |  | — |  |  | 1.9 |  |  | 3.0 |
Interest cost |  | 114.6 |  |  | 117.6 |  |  | 39.3 |  |  | 36.7 |
Plan participants’ contributions |  | — |  |  | — |  |  | 1.1 |  |  | 1.0 |
Plan settlement |  | — |  |  | (513.8) |  |  | — |  |  | (726.8) |
Actuarial (gain) loss |  | (668.1) |  |  | (108.4) |  |  | (726.4) |  |  | 2.0 |
Benefits paid |  | (303.2) |  |  | (331.1) |  |  | (86.4) |  |  | (106.5) |
Foreign currency translation adjustments |  | — |  |  | — |  |  | (269.3) |  |  | (63.0) |
Benefit obligation at end of year |  | $ | 2,852.9 |  |  | $ | 3,709.6 |  |  | $ | 1,574.6 |  |  | $ | 2,614.4 |
Change in plan assets |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  | $ | 3,139.3 |  |  | $ | 3,847.8 |  |  | $ | 2,431.6 |  |  | $ | 3,129.4 |
Actual return on plan assets |  | (401.9) |  |  | 130.4 |  |  | (685.7) |  |  | 134.0 |
Employer contribution |  | 5.9 |  |  | 6.0 |  |  | 33.4 |  |  | 46.4 |
Plan participants’ contributions |  | — |  |  | — |  |  | 1.1 |  |  | 1.0 |
Plan settlement |  | — |  |  | (513.8) |  |  | — |  |  | (726.8) |
Benefits paid |  | (303.2) |  |  | (331.1) |  |  | (86.4) |  |  | (106.5) |
Foreign currency translation adjustments |  | — |  |  | — |  |  | (249.7) |  |  | (45.9) |
Fair value of plan assets at end of year |  | $ | 2,440.1 |  |  | $ | 3,139.3 |  |  | $ | 1,444.3 |  |  | $ | 2,431.6 |
Funded status at end of year |  | $ | (412.8) |  |  | $ | (570.3) |  |  | $ | (130.3) |  |  | $ | (182.8) |
Amounts recognized in the consolidated balance sheets consist of: |  |  |  |  |  |  |  |
Prepaid postretirement assets |  | $ | 44.4 |  |  | $ | 33.9 |  |  | $ | 75.1 |  |  | $ | 125.8 |
Other accrued liabilities |  | (5.4) |  |  | (5.9) |  |  | (0.2) |  |  | (0.1) |
Long-term postretirement liabilities |  | (451.8) |  |  | (598.3) |  |  | (205.2) |  |  | (308.5) |
Total funded status |  | $ | (412.8) |  |  | $ | (570.3) |  |  | $ | (130.3) |  |  | $ | (182.8) |
Accumulated other comprehensive loss, net of tax |  |  |  |  |  |  |  |
Net loss |  | $ | 1,845.3 |  |  | $ | 2,047.6 |  |  | $ | 859.7 |  |  | $ | 797.6 |
Prior service credit |  | $ | (27.2) |  |  | $ | (29.7) |  |  | $ | (44.9) |  |  | $ | (40.2) |
Accumulated benefit obligation |  | $ | 2,852.9 |  |  | $ | 3,709.6 |  |  | $ | 1,573.0 |  |  | $ | 2,612.7 |
Schedule of Components of Net Periodic Cost (Income) | Net periodic pension expense (income) includes the following components:
|  | U.S. Plans |  | International Plans
Year ended December 31, |  | 2022 |  | 2021 |  | 2020 |  | 2022 |  | 2021 |  | 2020
Service cost(i) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1.9 |  |  | $ | 3.0 |  |  | $ | 2.8 |
Interest cost |  | 114.6 |  |  | 117.6 |  |  | 162.5 |  |  | 39.3 |  |  | 36.7 |  |  | 53.4 |
Expected return on plan assets |  | (189.8) |  |  | (199.8) |  |  | (208.6) |  |  | (77.4) |  |  | (81.6) |  |  | (90.6) |
Amortization of prior service credit |  | (2.5) |  |  | (2.5) |  |  | (2.5) |  |  | (2.6) |  |  | (2.8) |  |  | (2.5) |
Recognized net actuarial loss |  | 125.9 |  |  | 135.6 |  |  | 135.5 |  |  | 37.7 |  |  | 48.3 |  |  | 43.2 |
Settlement loss |  | — |  |  | 288.1 |  |  | 142.1 |  |  | — |  |  | 211.3 |  |  | — |
Net periodic pension expense (income) |  | $ | 48.2 |  |  | $ | 339.0 |  |  | $ | 229.0 |  |  | $ | (1.1) |  |  | $ | 214.9 |  |  | $ | 6.3 |
(i) Service cost is reported in cost of revenue and selling, general and administrative expenses. All other components of net periodic pension expense (income) are reported in other (expense), net in the consolidated statements of income (loss).
Schedule of Investment Policy Targets and Ranges for Each Asset Category | The company’s investment policy targets and ranges for each asset category are as follows:
|  | U.S. |  | International
Asset Category |  | Target |  | Range |  | Target |  | Range
Equity securities |  | 52 | % |  | 47-57% |  | 1 | % |  | 0-1%
Debt securities |  | 34 | % |  | 29-39% |  | 55 | % |  | 49-61%
Real estate |  | 0 | % |  | 0 | % |  | 1 | % |  | 0-1%
Cash |  | 0 | % |  | 0-5% |  | 2 | % |  | 0-5%
Other |  | 14 | % |  | 9-19% |  | 41 | % |  | 34-48%
Schedule of Expected Future Benefit Payments | As of December 31, 2022, the following benefit payments are expected to be paid from the defined benefit pension plans:
Year |  | U.S. |  | International
2023 |  | $ | 303.6 |  |  | $ | 83.1 |
2024 |  | 296.6 |  |  | 86.6 |
2025 |  | 288.7 |  |  | 87.8 |
2026 |  | 280.3 |  |  | 91.3 |
2027 |  | 271.1 |  |  | 93.7 |
2028 - 2032 |  | 1,190.7 |  |  | 501.2 |
Other Postretirement Benefit Plans |
Defined Benefit Plan Disclosure [Line Items] |
Schedule of Weighted-Average Assumptions | Weighted-average assumptions used to determine net periodic postretirement benefit (income) cost were as follows:
Year ended December 31, |  | 2022 |  | 2021 |  | 2020
Discount rate |  | 2.70 | % |  | 2.21 | % |  | 5.13 | %
Expected return on plan assets |  | 5.50 | % |  | 5.50 | % |  | 5.50 | %
Weighted-average assumptions used to determine benefit obligation at December 31 were as follows:
Year ended December 31, |  | 2022 |  | 2021 |  | 2020
Discount rate |  | 5.39 | % |  | 2.70 | % |  | 2.21 | %
Schedule of Funded Status of Plan and Amounts Recognized in Consolidated Balance Sheet | A reconciliation of the benefit obligation, fair value of the plan assets and the funded status of the postretirement benefit plans follows:
As of December 31, |  | 2022 |  | 2021
Change in accumulated benefit obligation |  |  |  |
Benefit obligation at beginning of year |  | $ | 81.1 |  |  | $ | 80.2 |
Service cost |  | 0.2 |  |  | 0.4 |
Interest cost |  | 1.9 |  |  | 1.8 |
Plan participants’ contributions |  | 0.9 |  |  | 1.7 |
Amendments |  | — |  |  | 1.2 |
Actuarial (gain) loss |  | (16.1) |  |  | 1.8 |
Benefits paid |  | (4.9) |  |  | (5.9) |
Foreign currency translation and other adjustments |  | 5.8 |  |  | (0.1) |
Benefit obligation at end of year |  | $ | 68.9 |  |  | $ | 81.1 |
Change in plan assets |  |  |  |
Fair value of plan assets at beginning of year |  | $ | 5.6 |  |  | $ | 6.0 |
Actual return on plan assets |  | (0.7) |  |  | (0.2) |
Employer contributions |  | 4.3 |  |  | 4.0 |
Plan participants’ contributions |  | 0.9 |  |  | 1.7 |
Benefits paid |  | (4.9) |  |  | (5.9) |
Fair value of plan assets at end of year |  | $ | 5.2 |  |  | $ | 5.6 |
Funded status at end of year |  | $ | (63.7) |  |  | $ | (75.5) |
Amounts recognized in the consolidated balance sheets consist of: |  |  |  |
Other accrued liabilities |  | $ | (6.1) |  |  | $ | (6.1) |
Long-term postretirement liabilities |  | (57.6) |  |  | (69.4) |
Total funded status |  | $ | (63.7) |  |  | $ | (75.5) |
Accumulated other comprehensive loss, net of tax |  |  |  |
Net (income) loss |  | $ | (7.8) |  |  | $ | 1.4 |
Prior service credit |  | (0.7) |  |  | (2.1) |
Schedule of Components of Net Periodic Cost (Income) | Net periodic postretirement benefit (income) cost follows:
Year ended December 31, |  | 2022 |  | 2021 |  | 2020
Service cost(i) |  | $ | 0.2 |  |  | $ | 0.4 |  |  | $ | 0.5 |
Interest cost |  | 1.9 |  |  | 1.8 |  |  | 4.4 |
Expected return on assets |  | (0.3) |  |  | (0.3) |  |  | (0.4) |
Amortization of prior service cost |  | (1.4) |  |  | (1.7) |  |  | (1.6) |
Recognized net actuarial (gain) loss |  | (2.2) |  |  | (2.1) |  |  | 1.0 |
Net periodic benefit (income) cost |  | $ | (1.8) |  |  | $ | (1.9) |  |  | $ | 3.9 |
(i) Service cost is reported in selling, general and administrative expenses. All other components of net periodic benefit (income) cost are reported in other (expense), net in the consolidated statements of income (loss).
Schedule of Expected Future Benefit Payments | As of December 31, 2022, the following benefits are expected to be paid from the company’s postretirement plans:
Year |  | Expected Payments
2023 |  | $ | 7.2 |
2024 |  | 6.3 |
2025 |  | 5.8 |
2026 |  | 5.4 |
2027 |  | 5.0 |
2028 – 2032 |  | 20.1 |

X
- Definition Schedule Of Asset Category Allocation [Table Text Block] + References No definition available. + Details
Name: | uis_ScheduleOfAssetCategoryAllocationTableTextBlock
Namespace Prefix: | uis_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Funded Status And Amounts Recognized In Consolidated Balance Sheet [Table Text Block] + References No definition available. + Details
Name: | uis_ScheduleOfFundedStatusAndAmountsRecognizedInConsolidatedBalanceSheetTableTextBlock
Namespace Prefix: | uis_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 investments in certain entities that calculate net asset value per share or equivalent measured at fair value on a recurring or nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 6A -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=SL6742756-110258 + Details
Name: | us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligation and plan assets of defined benefit plan with accumulated benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e2417-114920 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e2417-114920 Reference 3: 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 + Details
Name: | us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + 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 (d)(5) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligation and plan assets for defined benefit pension plan with projected benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e2417-114920 Reference 2: 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 + Details
Name: | us-gaap_ScheduleOfBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets of pension plans and/or other employee benefit plans for the period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(02) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfEffectOfSignificantUnobservableInputsChangesInPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + 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 (f) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the assumed health care cost trend rates for the next year used to measure the expected cost of benefits covered by the plans, including the ultimate trend rate(s) and when that rate is expected to be achieved. + 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 (l) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfHealthCareCostTrendRatesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
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
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
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: |