Postretirement and Other Benefits (Tables)

12 Months Ended

Dec. 31, 2013

Pension and Other Postretirement Benefit Expense [Abstract]

The pension and postretirement expenses related to the Company’s plans consisted of the following:



	Pension Benefits									Postretirement Benefits
	Year Ended December 31,
In millions	2013			2012			2011			2013			2012			2011
Components of Net Periodic Cost:
Service Cost	$	16.3		$	18.3		$	19.3		$	1.2		$	1.2		$	1.1
Interest Cost	52.2			51.1			52.2			2.0			2.3			2.5
Expected Return on Plan Assets	(68.0		)	(58.1		)	(58.3		)	—			—			—
Amortization:
Prior Service Cost (Credit)	0.7			0.7			0.5			(0.4		)	(0.2		)	(0.2		)
Actuarial Loss (Gain)	36.1			30.1			13.4			(1.1		)	(1.4		)	(1.7		)
Special Termination Benefit	1.2			—			—			—			—			—
Other	0.7			0.4			(0.5		)	—			(0.1		)	—
Net Periodic Cost	$	39.2		$	42.5		$	26.6		$	1.7		$	1.8		$	1.7

Schedule of Assumptions Used

Certain assumptions used in determining the pension and postretirement expenses were as follows:



	Pension Benefits						Postretirement Benefits
	Year Ended December 31,
	2013		2012		2011		2013		2012		2011
Weighted Average Assumptions:
Discount Rate	4.20	%	4.85	%	5.74	%	3.97	%	4.74	%	5.48	%
Rate of Increase in Future Compensation Levels	2.03	%	2.16	%	2.16	%	—		—		—
Expected Long-Term Rate of Return on Plan Assets	7.60	%	7.90	%	7.96	%	—		—		—
Initial Health Care Cost Trend Rate	—		—		—		9.00	%	8.00	%	8.50	%
Ultimate Health Care Cost Trend Rate	—		—		—		4.50	%	5.00	%	5.00	%
Ultimate Year	—		—		—		2023		2018		2018

Schedule of Net Funded Status

The following table sets forth the funded status of the Company’s pension and postretirement plans as of December 31:



	Pension Benefits						Postretirement Benefits
In millions	2013			2012			2013			2012
Change in Benefit Obligation:
Benefit Obligation at Beginning of Year	$	1,288.9		$	1,069.8		$	56.4		$	53.0
Service Cost	16.3			18.3			1.2			1.2
Interest Cost	52.2			51.1			2.0			2.3
Actuarial (Gain) Loss	(91.4		)	101.8			(8.3		)	3.0
Foreign Currency Exchange	3.4			6.7			—			—
Curtailment Gain	(0.3		)	(0.2		)	—			—
Acquisitions	—			82.0			—			—
Benefits Paid	(51.8		)	(45.0		)	(1.8		)	(3.2		)
Amendments	—			4.5			(1.8		)	—
Other	1.6			(0.1		)	0.2			0.1
Benefit Obligation at End of Year	$	1,218.9		$	1,288.9		$	47.9		$	56.4

Change in Plan Assets:
Fair Value of Plan Assets at Beginning of Year	$	921.3		$	754.5		$	—		$	—
Actual Return on Plan Assets	142.1			93.9			—			—
Employer Contributions	51.5			55.1			1.8			3.2
Foreign Currency Exchange	2.8			6.2			—			—
Benefits Paid	(51.8		)	(45.0		)	(1.8		)	(3.2		)
Acquisitions	—			57.4			—			—
Other	(0.2		)	(0.8		)	—			—
Fair Value of Plan Assets at End of Year	$	1,065.7		$	921.3		$	—		$	—
Plan Assets Less than Projected Benefit Obligation	$	(153.2	)	$	(367.6	)	$	(47.9	)	$	(56.4	)

Amounts Recognized in the Consolidated Balance Sheets Consist of:
Pension Assets	$	0.7		$	—		$	—		$	—
Accrued Pension and Postretirement Benefits Liability — Current	$	(1.1	)	$	(0.8	)	$	(2.5	)	$	(2.5	)
Accrued Pension and Postretirement Benefits Liability — Noncurrent	$	(152.8	)	$	(366.8	)	$	(45.4	)	$	(53.9	)
Accumulated Other Comprehensive Income:
Net Actuarial Loss (Gain)	$	154.8		$	356.7		$	(11.9	)	$	(4.7	)
Prior Service Cost (Credit)	$	3.6		$	4.3		$	(2.2	)	$	(0.8	)
Weighted Average Calculations:
Discount Rate	4.86		%	4.20		%	4.74		%	3.97		%
Rates of Increase in Future Compensation Levels	1.88		%	2.03		%	—			—
Initial Health Care Cost Trend Rate	—			—			7.50		%	9.00		%
Ultimate Health Care Cost Trend Rate	—			—			4.77		%	4.50		%
Ultimate Year	—			—			2027			2023

Schedule of Allocation of Plan Assets

The weighted average allocation of plan assets and the target allocation by asset category is as follows:



	Target		2013		2012
Cash	1.1	%	2.2	%	1.4	%
Equity Securities	52.2		52.7		52.9
Fixed Income Securities	40.2		38.6		38.9
Other Investments	6.5		6.5		6.8
Total	100.0	%	100.0	%	100.0	%

Schedule of Fair Value of Plan Assets

The following tables set forth, by category and within the fair value hierarchy, the fair value of the Company’s pension assets at December 31, 2013 and 2012:



	Fair Value Measurements at December 31, 2013
In millions	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Asset Category:
Cash ^(a)	$	23.8	$	4.5	$	19.3	$	—
Equity Securities:
Domestic ^(a)	378.0		75.8		302.2		—
Foreign ^(a)	183.1		64.7		118.4		—
Fixed Income Securities ^(a)	411.3		261.8		149.5		—
Other Investments:
Real estate ^(a)	20.9		—		20.9		—
Diversified growth fund ^(b)	48.6		—		48.6		—
Total	$	1,065.7	$	406.8	$	658.9	$	—



	Fair Value Measurements at December 31, 2012
In millions	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Asset Category:
Cash ^(a)	$	13.2	$	3.0	$	10.2	$	—
Equity Securities:
Domestic ^(a)	319.1		63.6		255.5		—
Foreign ^(a)	168.6		76.6		92.0		—
Fixed Income Securities ^(a)	357.7		217.3		140.4		—
Other Investments:
Real estate ^(a)	18.7		—		18.7		—
Diversified growth fund ^(b)	44.0		—		44.0		—
Total	$	921.3	$	360.5	$	560.8	$	—

(a) The Level 2 investments are held in pooled funds and fair value is determined by net asset value, based on the underlying investments, as reported on the valuation date.

(b) The fund invests in a combination of traditional investments (equities, bonds, and foreign exchange), seeking to achieve returns through active asset allocation over a three to five year horizon.

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

A one-percentage-point change in assumed health care cost trend rates would have the following effects on 2013 data:



	One Percentage Point
In millions	Increase		Decrease
Health Care Cost Trend Rate Sensitivity:
Effect on Total Interest and Service Cost Components	$	0.3	$	(0.3	)
Effect on Year-End Postretirement Benefit Obligation	$	3.2	$	(2.7	)

Schedule of Expected Benefit Payments

The following represents the Company’s estimated future pension and postretirement health care benefit payments through the year 2023:



In millions	Pension Plans		Postretirement Health Care Benefits
2014	$	79.5	$	2.8
2015	56.9		3.1
2016	60.2		3.5
2017	63.6		3.7
2018	67.0		3.9
2019— 2023	378.4		21.1

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year

During 2014, amounts recorded in Accumulated Other Comprehensive Loss expected to be recognized in Net Periodic Benefit Costs are as follows:



In millions	Pension Benefits		Postretirement Health Care Benefits
Recognition of Prior Service Cost	$	0.7	$	0.3
Recognition of Actuarial Loss (Gain)	12.1		(1.1		)

Schedule of Multiemployer Plans

The Company's participation in these plans for the year ended December 31, 2013, 2012 and 2011 is shown in the table below:



		Pension Protection Act Zone Status			Company Contributions (in millions)
Multi-employer Pension Fund	EIN/Pension Plan Number	2013	2012	FIP/RP Status Implemented	2013		2012		2011		Surcharged Imposed	Expiration Date of Bargaining Agreement
Central States Southeast and Southwest Areas Pension Fund	36-6044243/001	Red	Red	Yes	$	0.1	$	0.1	$	0.1	Yes	7/31/2014
PIUMP	11-6166763/001	Red	Red	Yes	0.4		0.5		0.5		Yes	9/30/2014
Western Conference of Teamsters Pension Trust - Northwest Area	91-6145047/001	Green	Green	No	0.1		0.1		0.1		No	4/30/2014
Total					$	0.6	$	0.7	$	0.7