v3.19.3.a.u2
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2019
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES  
Schedule of impairment of assets

Year Ended

December 31,

December 31,

December 31,

(In millions)

    

2019

    

2018

    

2017

 

Impairment of long-lived assets

$

84.3

$

13.8

$

43.6

Investment expense

3.6

Total impairment loss

$

87.9

$

13.8

$

43.6

Schedule of benefit obligations and plan assets and the accrued liability

U.S. Pension Benefits

International Pension Benefits

Year Ended

Year Ended

(In millions)

    

December 31, 2019

    

December 31, 2018

    

December 31, 2019

    

December 31, 2018

Aggregated projected benefit obligation at end of period (1)

$

(115.9)

$

(101.1)

$

(120.5)

$

(98.6)

Aggregated fair value of plan assets at end of period

 

76.3

 

63.2

 

119.4

 

107.2

Net (liability) asset for benefit cost - funded status

$

(39.6)

$

(37.9)

$

(1.1)

$

8.6

(1)At December 31, 2019 and December 31, 2018, U.S. aggregated accumulated benefit obligations were $115.9 million and $101.1 million, respectively, and international aggregated accumulated benefit obligations were $117.2 million and $95.8 million, respectively.
Schedule of weighted-average assumptions used to determine benefit obligations

The weighted-average assumptions used to determine benefit obligations are as follows:

U.S. Pension Benefits

International Pension Benefits

December 31, 2019

December 31, 2018

December 31, 2019

December 31, 2018

Discount rate

 

3.07%

4.12%

1.97%

2.86%

Rate of compensation increase

 

N/A

N/A

2.27%

2.19%

The weighted-average assumptions used to determine net periodic benefit cost are as follows:

U.S. Pension Benefits

International Pension Benefits

Year Ended

Year Ended

December 31,

December 31,

December 31,

December 31,

December 31,

December 31,

    

2019

    

2018

    

2017

    

2019

    

2018

    

2017

Discount rate

 

4.12%

3.42%

3.92%

2.86%

2.58%

2.70%

Weighted average expected long-term return on plan assets

 

6.70%

7.00%

7.00%

2.99%

2.86%

2.85%

Rate of compensation increase

 

N/A

N/A

N/A

2.19%

2.19%

2.14%

Schedule components of other expense (income)

Year Ended

December 31,

(In millions)

    

2019

    

2018

    

2017

Derivative liability fair value adjustment for embedded conversion feature in the Convertible Notes due 2024

$

(23.5)

$

(66.4)

$

Derivative asset fair value adjustment for contingent call option related to the Class B common stock purchase and cancellation agreement

17.7

(45.0)

Business interruption insurance recoveries

(1.1)

(0.4)

(0.4)

Loss on Pound sterling forward contract

0.9

0.4

Foreign currency transactions losses

1.5

1.4

(3.0)

Non-operating components of net periodic benefit cost

1.2

0.8

0.2

Loss on extinguishment of Bridge Loan

0.4

Loss on repayment of indebtedness

16.6

Fees related to modification of term loans

0.4

Third party fees relating to Third Amendment to the Senior Secured Credit Agreement

1.0

Other

 

0.1

 

0.7

0.3

Other expense (income)

$

13.4

$

(108.1)

$

(1.5)

Schedule of reconciliation of cash, cash equivalents, and restricted cash

(In millions)

December 31, 2019

December 31, 2018

December 31, 2017

Cash and cash equivalents

$

265.0

$

313.3

$

310.0

Restricted cash

10.5

10.7

8.3

Total cash and cash equivalents and restricted cash shown in the consolidated statements of cash flows

$

275.5

$

324.0

$

318.3