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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2011
Employee Benefit Plans  
Components of net periodic pension cost

 

 

 
  2011   2010   2009  

Components of net periodic benefit costs:

                   

Service cost

  $ 5.5   $ 3.9   $ 4.2  

Interest cost

    4.9     4.4     5.3  

Expected return on plan assets

    (4.1 )   (3.4 )   (3.5 )

Amortization of prior service costs

    1.3     0.6     1.0  
               

Net periodic benefit costs

  $ 7.6   $ 5.5   $ 7.0  
               
Schedule of changes in benefit obligations and plan assets under defined pension plans, and funded status of the plans

 

 

 
  2011   2010  

Change in benefit obligation:

             

Benefit obligation at beginning of year

  $ 151.7   $ 124.9  

Service cost

    5.5     3.9  

Interest cost

    4.9     4.4  

Plan participant contributions

    3.4     2.7  

Benefits paid

    (3.3 )   (4.2 )

Actuarial loss (gain)

    (7.7 )   11.1  

Impact of foreign currency exchange rates

    (1.0 )   8.9  
           

Benefit obligation at end of year

    153.5     151.7  

Change in plan assets:

             

Fair value of plan assets at beginning of year

    111.3     95.7  

Actuarial return on plan assets

    (2.1 )   1.8  

Plan participation and employer contributions

    7.6     7.4  

Benefits paid

    (3.3 )   (4.2 )

Impact of foreign currency exchange rates

    (0.6 )   10.6  
           

Fair value of plan assets at end of year

    112.9     111.3  
           

Net funded status

  $ (40.6 ) $ (40.4 )
           
Schedule of amounts recognized in consolidated balance sheets

 

 

 
  2011   2010  

Current liabilities

  $ (1.4 ) $ (1.0 )

Non-current liabilities

    (39.2 )   (39.4 )
           

Net benefit obligation

  $ (40.6 ) $ (40.4 )
           
Schedule of pre-tax amounts recognized in accumulated other comprehensive income

 

 

 
  2011   2010  

Reconciliation of amounts recognized in the statement of financial position:

             

Initial net obligation

  $   $  

Prior service cost (credit)

         

Net gain (loss)

    (22.2 )   (25.8 )
           

Accumulated other comprehensive income (loss)

    (22.2 )   (25.8 )

Accumulated contributions in excess of net periodic benefit cost

    (18.4 )   (14.6 )
           

Net amount recognized

  $ (40.6 ) $ (40.4 )
           
Schedule of the range of assumptions used to determine projected benefit obligations

 

 

 
  2011   2010   2009

Discount rate

  1.1%-5.5%   1.2%-5.6%   2.0%-5.9%

Expected return on plan assets

  3.4%-4.0%   3.5%-4.3%   3.5%-4.3%

Expected rate of compensation increase

  1.0%-3.8%   1.0%-3.0%   1.0%-3.0%
Schedule of the fair value of the Company's pension plan assets, by category and by level in fair value hierarchy

 

 

 
  Total   Quoted Prices in
Active Markets
Available (Level 1)
  Significant Other
Observable Inputs
(Level 2)
  Significant
Unobservable Inputs
(Level 3)
 

Plan Assets:

                         

Cash and cash equivalents

  $ 8.3   $ 8.3   $   $  

Debt securities:

                         

Foreign corporations

    12.5         12.5      

Foreign governments

    36.9         36.9      
                   

 

    49.4         49.4      
                   

Equity Securities:

                         

Foreign corporations

    28.6     28.6          

U.S. corporations

    6.0     6.0          
                   

 

    34.6     34.6          
                   

Real estate

    13.9         13.9      

Mortgage and other asset-backed securities

    6.7         6.7      
                   

Total plan assets

  $ 112.9   $ 42.9   $ 70.0   $  
                   
Schedule of estimated future benefit payments

 

 

2012

  $ 2.6  

2013

    3.0  

2014

    3.9  

2015

    4.1  

2016

    4.9  

2017-2021

    29.9