Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2012

Defined Benefit Pension Plans

Defined Benefit Plans and Other Postretirement Benefit Plans

Net periodic pension expense for U.S and non-U.S. defined benefit pension plans or net periodic postretirement benefit cost

	U.S. Pension Plan									Non-U.S. Pension Plans
	Year Ended December 31,									Year Ended December 31,
(in thousands)	2012			2011			2010			2012			2011			2010
Service cost	$	5,957		$	37,172		$	36,668		$	7,723		$	8,219		$	10,509
Interest cost		33,293			36,136			38,417			32,630			34,502			31,328
Expected return on assets		(35,322	)		(40,430	)		(42,396	)		(41,949	)		(42,852	)		(36,611	)
Amortization of prior service cost/(credits)		(114	)		(168	)		—			—			—			—
Recognized net actuarial loss		4,279			13,955			18,765			1,663			5,874			8,203
(Gain on curtailment)/loss on settlement		—			(618	)		—			—			1,111			—
Net periodic pension expense	$	8,093		$	46,047		$	51,454		$	67		$	6,854		$	13,429

Schedule of expected long-term rate of return on asset assumptions

	U.S. Pension Plan									Non-U.S. Pension Plans
	December 31,									December 31,
	2012			2011			2010			2012		2011		2010
For determining projected benefit obligation at year-end:
Discount rates		4.05	%		5.05	%		5.65	%		3.60-6.00%		3.75-6.75%		5.10-5.50%
Rates of increase in compensation levels		N/A			N/A			4.00	%		2.25-9.00%		2.25-9.00%		2.25-4.50%
For determining net periodic cost for the year:
Discount rates		5.05	%		5.65	%		6.50	%		3.75-6.75%		5.10-9.20%		5.75%
Rates of increase in compensation levels		N/A			4.00	%		4.00	%		2.25-9.00%		2.25-9.00%		2.25-4.50%
Expected long-term rates of return on assets		5.25	%		6.69	%		7.50	%		5.00-7.00%		5.00-8.00%		5.00-7.00%

Target allocations and the weighted average actual allocations of plan assets

	U.S. Plan Assets December 31,					Non-U.S. Plan Assets December 31,
	Target Allocation	2012		2011		Target Allocation	2012		2011
Asset category:
Equity securities	0% - 10%		5%		19%	20% - 45%		35%		33%
Debt securities	90% - 100%		95%		69%	55% - 65%		60%		62%
Other	0% - 10%		0%		12%	5% - 15%		5%		5%
Total			100%		100%			100%		100%

Plan assets and liabilities of defined benefit pension plans, measured at fair value

U.S. Pension Plan

	December 31, 2012										December 31, 2011
	Fair Value Hierarchy										Fair Value Hierarchy
(in thousands)	Total			Level 1		Level 2			Level 3		Total			Level 1		Level 2			Level 3
Assets:
Equity securities:
Common and preferred stock	$	—		$	—	$	—		$	—	$	95,714		$	95,714	$	—		$	—
Common or collective trusts		18,164			—		18,164			—		12,821			—		12,821			—
Limited Partnerships		17,630			—		—			17,630		19,314			—		—			19,314
Debt securities:
Common or collective trusts		200,401			—		200,401			—		—			—		—			—
Corporate bonds		456,123			—		456,123			—		393,338			—		393,338			—
Government securities		66,973			—		66,973			—		73,079			—		73,079			—
Other:
Common or collective trusts — money market funds		5,285			—		5,285			—		79,624			—		79,624			—
Other assets		1,487			—		1,487			—		6,322			—		6,322			—
Liabilities:
Foreign currency exchange contracts and other		(1,598	)		—		(1,598	)		—		(6,338	)		—		(6,338	)		—
Plan assets measured at fair value, net	$	764,465		$	—	$	746,835		$	17,630	$	673,874		$	95,714	$	558,846		$	19,314
Plan assets not measured at fair value, net		2,831										16,680
Total plan assets, net	$	767,296									$	690,554

Non-U.S. Pension Plans

	December 31, 2012										December 31, 2011
	Fair Value Hierarchy										Fair Value Hierarchy
(in thousands)	Total			Level 1		Level 2			Level 3		Total		Level 1		Level 2		Level 3
Assets:
Equity securities:
Common and preferred stock	$	88,034		$	88,034	$	—		$	—	$	83,151	$	83,151	$	—	$	—
Common or collective trusts		218,542			—		218,542			—		164,201		—		164,201		—
Debt securities:
Common or collective trusts		317,494			—		317,494			—		468,140		—		468,140		—
Corporate bonds		96,457			—		96,457			—		542		—		542		—
Government securities		114,531			—		114,531			—		4,263		—		4,263		—
Other:
Common or collective trusts		45,554			—		37,754			7,800		32,663		—		24,572		8,091
Other assets		2,729			—		2,729			—		4,661		—		870		3,791
Liabilities:
Foreign currency exchange contracts and other		(1,988	)		—		(1,988	)		—		—		—		—		—
Plan assets measured at fair value, net	$	881,353		$	88,034	$	785,519		$	7,800	$	757,621	$	83,151	$	662,588	$	11,882
Plan assets not measured at fair value, net		4,788										10,340
Total plan assets, net	$	886,141									$	767,961

Reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs (Level 3)

	U.S. Pension Plan						Non-U.S. Pension Plans
(in thousands)	2012			2011			2012			2011
Balance at beginning of year	$	19,314		$	19,596		$	11,882		$	11,686
Actual return on plan assets:
Assets still held at reporting date		112			909			(291	)		32
Assets sold during the period		2,184			477			—			—
Purchases		17			—			—			761
Sales		(3,997	)		(1,668	)		(3,791	)		—
Settlements		—			—			—			(597	)
Balance at end of year	$	17,630		$	19,314		$	7,800		$	11,882

Schedule of expected benefit payments for U.S and non-U.S defined benefit pension plans

(in thousands)	U.S. Pension Plan		Non-U.S. Pension Plans
Year Ended December 31,
2013	$	76,935	$	27,529
2014		39,459		28,456
2015		39,400		29,995
2016		41,428		32,231
2017		42,976		34,532
2018 — 2022		232,646		190,593

Changes in the benefit obligations and plan assets, the funded status of the plans and the amounts recognized in the balance sheet for U.S and Non-U.S pension plans and postretirement benefit plans

	U.S. Pension Plan						Non-U.S. Pension Plans
	December 31,						December 31,
(in thousands)	2012			2011			2012			2011
Change in projected benefit obligation
Benefit obligation at beginning of year	$	677,005		$	666,973		$	620,117		$	626,618
Service cost		5,957			37,172			7,723			8,219
Interest cost		33,293			36,136			32,630			34,502
Employee contributions		—			—			3,854			4,145
Currency translation		—			—			22,460			(12,521	)
Actuarial (gain) loss		77,858			41,359			169,220			(4,773	)
Plan amendments		3,736			—			—			—
Benefits paid		(37,833	)		(38,459	)		(25,536	)		(26,226	)
Curtailments		—			(62,899	)		—			(15,870	)
Other		(3,040	)		(3,277	)		(4,002	)		6,023
Projected benefit obligation at end of year		756,976			677,005			826,466			620,117
Change in plan assets
Plan assets at beginning of year		690,554			618,045			767,961			680,593
Actual return on plan assets		72,615			43,195			107,583			70,972
Company contributions		45,000			71,050			11,830			50,998
Employee contributions		—			—			3,854			4,145
Currency translation		—			—			23,854			(18,929	)
Benefits paid		(37,833	)		(38,459	)		(25,536	)		(26,226	)
Other		(3,040	)		(3,277	)		(3,405	)		6,408
Plan assets at end of year		767,296			690,554			886,141			767,961
Funded status	$	10,320		$	13,549		$	59,675		$	147,844
Amounts recognized in the Consolidated Balance Sheet
Pension assets included in other assets	$	10,320		$	13,549		$	67,931		$	151,967
Pension liabilities included in noncurrent liabilities		—			—			(8,256	)		(4,123	)
Accumulated other comprehensive loss (pre-tax)	$	184,378		$	144,243		$	216,856		$	109,290

Postretirement Benefit

Defined Benefit Plans and Other Postretirement Benefit Plans

Net periodic pension expense for U.S and non-U.S. defined benefit pension plans or net periodic postretirement benefit cost

	Year Ended December 31,
(in thousands)	2012		2011		2010
Service cost	$	—	$	—	$	—
Interest cost		592		723		951
Expected return on assets		—		—		—
Amortization of prior service cost		—		—		—
Recognized net actuarial loss		640		679		827
Net periodic postretirement benefit cost	$	1,232	$	1,402	$	1,778

Changes in the benefit obligations and plan assets, the funded status of the plans and the amounts recognized in the balance sheet for U.S and Non-U.S pension plans and postretirement benefit plans

	Year Ended December 31,
(in thousands)	2012			2011
Change in accumulated postretirement benefit obligation
Benefit obligation at beginning of year	$	16,828		$	18,311
Service cost		—			—
Interest cost		592			723
Employee contributions		399			269
Actuarial (gain) loss		(955	)		308
Benefits paid		(2,352	)		(2,783	)
Benefit obligation at end of year	$	14,512		$	16,828
Funded status	$	(14,512	)	$	(16,828	)