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Pensions and Postretirement Benefits Other than Pensions (Tables)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Multiemployer Plans Disclosure
Total contributions to multiemployer plans for the years ended December 31 were as follows:
In millions
 
2014
 
2013
 
2012
Total contributions
 
$
6.3

 
$
5.4

 
$
5.4

  
Pension Plans [Member]    
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
The following table details information regarding the Company’s pension plans at December 31:
In millions
 
2014
 
2013
Change in benefit obligations:
 
 
 
 
Benefit obligation at beginning of year
 
$
3,333.2

 
$
4,228.6

Service cost
 
68.7

 
88.5

Interest cost
 
147.2

 
156.9

Employee contributions
 
1.2

 
1.5

Amendments
 
9.2

 
1.2

Actuarial (gains) losses
 
448.3

 
(314.4
)
Benefits paid
 
(215.3
)
 
(211.6
)
Currency translation
 
(57.8
)
 
19.5

Curtailments and settlements
 
(4.1
)
 
(3.7
)
Impact of spin-off
 
—

 
(631.1
)
Other, including expenses paid
 
(11.0
)
 
(2.2
)
Benefit obligation at end of year
 
$
3,719.6

 
$
3,333.2

Change in plan assets:
 
 
 
 
Fair value at beginning of year
 
$
2,779.2

 
$
3,310.2

Actual return on assets
 
395.2

 
98.9

Company contributions
 
116.5

 
109.7

Employee contributions
 
1.2

 
1.5

Benefits paid
 
(215.3
)
 
(211.6
)
Currency translation
 
(43.1
)
 
17.7

Settlements
 
(4.1
)
 
(1.6
)
Impact of spin-off
 
—

 
(543.5
)
Other, including expenses paid
 
(11.0
)
 
(2.1
)
Fair value of assets end of year
 
$
3,018.6

 
$
2,779.2

Net unfunded liability
 
$
(701.0
)
 
$
(554.0
)
Amounts included in the balance sheet:
 
 
 
 
Other noncurrent assets
 
$
11.5

 
$
4.3

Accrued compensation and benefits
 
(11.3
)
 
(30.8
)
Postemployment and other benefit liabilities
 
(701.2
)
 
(527.5
)
Net amount recognized
 
$
(701.0
)
 
$
(554.0
)
  
Schedule of Comprehensive Income (Loss) [Table Text Block]
The pretax amounts recognized in Accumulated other comprehensive income (loss) are as follows:
In millions
 
Prior service cost
 
Net actuarial losses
 
Total
December 31, 2013
 
$
(17.7
)
 
$
(849.1
)
 
$
(866.8
)
Current year changes recorded to Accumulated other comprehensive income (loss)
 
(9.2
)
 
(209.2
)
 
(218.4
)
Amortization reclassified to earnings
 
4.4

 
36.1

 
40.5

Settlements/curtailments reclassified to earnings
 
—

 
7.1

 
7.1

Currency translation and other
 
0.2

 
15.7

 
15.9

December 31, 2014
 
$
(22.3
)
 
$
(999.4
)
 
$
(1,021.7
)
  
Schedule of Assumptions Used [Table Text Block]
 
 
2014
 
2013
Discount rate:
 
 
 
 
U.S. plans
 
3.75
%
 
4.75
%
Non-U.S. plans
 
3.25
%
 
4.25
%
Rate of compensation increase:
 
 
 
 
U.S. plans
 
4.00
%
 
4.00
%
Non-U.S. plans
 
4.00
%
 
4.25
%
  
Schedule of Expected Benefit Payments [Table Text Block]
Pension benefit payments are expected to be paid as follows:
In millions
  
2015
$
207.8

2016
208.4

2017
212.4

2018
222.2

2019
222.4

2020 — 2024
1,164.6

  
Schedule of Net Benefit Costs [Table Text Block]
The components of the Company’s net periodic pension benefit costs for the years ended December 31 include the following:
In millions
 
2014
 
2013
 
2012
Service cost
 
$
68.7

 
$
88.5

 
$
96.8

Interest cost
 
147.2

 
156.9

 
163.6

Expected return on plan assets
 
(156.1
)
 
(166.3
)
 
(173.6
)
Net amortization of:
 
 
 
 
 
 
Prior service costs
 
4.4

 
4.7

 
5.1

Plan net actuarial losses
 
36.1

 
63.0

 
60.6

Net periodic pension benefit cost
 
100.3

 
146.8

 
152.5

Net curtailment and settlement (gains) losses
 
7.1

 
0.7

 
4.9

Net periodic pension benefit cost after net curtailment and settlement (gains) losses
 
$
107.4

 
$
147.5

 
$
157.4

Amounts recorded in continuing operations
 
$
100.2

 
$
119.2

 
$
125.5

Amounts recorded in discontinued operations
 
7.2

 
28.3

 
31.9

Total
 
$
107.4

 
$
147.5

 
$
157.4

  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
The fair values of the Company’s pension plan assets at December 31, 2014 by asset category are as follows:
 
 
Fair value measurements
 
Total
fair value
In millions
 
Level 1
 
Level 2
 
Level 3
 
Cash and cash equivalents
 
$
1.3

 
$
27.3

 
$
—

 
$
28.6

Equity investments:
 
 
 
 
 
 
 
 
Registered mutual funds – equity specialty(a)
 
6.3

 
—

 
—

 
6.3

Commingled funds – equity specialty(a)
 
—

 
834.0

 
—

 
834.0

 
 
6.3

 
834.0

 
—

 
840.3

Fixed income investments:
 
 
 
 
 
 
 
 
U.S. government and agency obligations
 
—

 
784.9

 
—

 
784.9

Corporate and non-U.S. bonds(b)
 
—

 
823.9

 
—

 
823.9

Asset-backed and mortgage-backed securities
 
—

 
45.3

 
—

 
45.3

Registered mutual funds – fixed income specialty(c)
 
33.0

 
—

 
—

 
33.0

Commingled funds – fixed income specialty(c)
 
—

 
354.3

 
—

 
354.3

Other fixed income(d)
 
—

 
—

 
23.4

 
23.4

 
 
33.0

 
2,008.4

 
23.4

 
2,064.8

Real estate(e)
 
—

 
—

 
16.4

 
16.4

Other(f)
 
—

 
—

 
62.8

 
62.8

Total assets at fair value
 
$
40.6

 
$
2,869.7

 
$
102.6

 
$
3,012.9

Receivables and payables, net
 
 
 
 
 
 
 
5.7

Net assets available for benefits
 
 
 
 
 
 
 
$
3,018.6

(a)
This class comprises commingled and registered mutual funds that focus on equity investments. It includes both indexed and actively managed funds.
(b)
This class includes state and municipal bonds.
(c)
This class comprises commingled and registered mutual funds that focus on fixed income securities.
(d)
This class includes group annuity and guaranteed interest contracts.
(e)
This class includes private equity funds that invest in real estate, including funds of funds.
(f)
This investment comprises the Company’s non-significant, non-U.S. pension plan assets. It mostly includes insurance contracts.
The fair values of the Company’s pension plan assets at December 31, 2013 by asset category are as follows:
 
 
Fair value measurements
 
Total
fair value
In millions
 
Level 1
 
Level 2
 
Level 3
 
Cash and cash equivalents
 
$
4.1

 
$
37.9

 
$
—

 
$
42.0

Equity investments:
 
 
 
 
 
 
 
 
Registered mutual funds – equity specialty(a)
 
6.0

 
—

 
—

 
6.0

Commingled funds – equity specialty(a)
 
—

 
826.8

 
—

 
826.8

 
 
6.0

 
826.8

 
—

 
832.8

Fixed income investments:
 
 
 
 
 
 
 
 
U.S. government and agency obligations
 
—

 
702.9

 
—

 
702.9

Corporate and non-U.S. bonds(b)
 
—

 
748.4

 
—

 
748.4

Asset-backed and mortgage-backed securities
 
—

 
59.4

 
—

 
59.4

Registered mutual funds – fixed income specialty(c)
 
32.3

 
—

 
—

 
32.3

Commingled funds – fixed income specialty(c)
 
—

 
268.5

 
—

 
268.5

Other fixed income(d)
 
—

 
—

 
22.6

 
22.6

 
 
32.3

 
1,779.2

 
22.6

 
1,834.1

Real estate(e)
 
—

 
—

 
19.3

 
19.3

Other(f)
 
—

 
—

 
58.1

 
58.1

Total assets at fair value
 
$
42.4

 
$
2,643.9

 
$
100.0

 
$
2,786.3

Receivables and payables, net(g)
 
 
 
 
 
 
 
(7.1
)
Net assets available for benefits
 
 
 
 
 
 
 
$
2,779.2

(a)
This class comprises commingled and registered mutual funds that focus on equity investments. It includes both indexed and actively managed funds.
(b)
This class includes state and municipal bonds.
(c)
This class comprises commingled and registered mutual funds that focus on fixed income securities.
(d)
This class includes group annuity and guaranteed interest contracts.
(e)
This class includes private equity funds that invest in real estate, including funds of funds.
(f)
This investment comprises the Company’s non-significant, non-U.S. pension plan assets. It mostly includes insurance contracts.
(g)
Includes an estimated $20.0 million payable to Allegion in accordance with the terms of the Employee Matters Agreement.
Pension Costs [Member]    
Schedule of Assumptions Used [Table Text Block]
Weighted-average assumptions used to determine net periodic pension cost for the years ended December 31 are as follows:
 
 
2014
 
2013
 
2012
Discount rate:
 
 
 
 
 
 
U.S. plans
 
 
 
 
 
 
For the period January 1 to June 7
 
4.75
%
 
3.75
%
 
4.25
%
For the period June 8 to November 30
 
4.75
%
 
3.75
%
 
4.00
%
For the period December 1 to December 31
 
4.75
%
 
4.50
%
 
4.00
%
Non-U.S. plans
 
4.25
%
 
4.25
%
 
5.00
%
Rate of compensation increase:
 
 
 
 
 
 
U.S. plans
 
4.00
%
 
4.00
%
 
4.00
%
Non-U.S. plans
 
4.25
%
 
4.00
%
 
4.00
%
Expected return on plan assets:
 
 
 
 
 
 
U.S. plans
 
6.00
%
 
5.25
%
 
5.75
%
Non-U.S. plans
 
5.00
%
 
5.00
%
 
5.75
%
  
Postretirement [Member]    
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
The following table details changes in the Company’s postretirement plan benefit obligations for the years ended December 31:
In millions
 
2014
 
2013
Benefit obligation at beginning of year
 
$
713.3

 
$
851.4

Service cost
 
5.1

 
6.6

Interest cost
 
28.1

 
26.0

Plan participants’ contributions
 
11.4

 
11.2

Actuarial (gains) losses
 
11.7

 
(109.8
)
Benefits paid, net of Medicare Part D subsidy *
 
(67.8
)
 
(56.4
)
Impact of spin-off
 
—

 
(14.1
)
Other
 
(1.1
)
 
(1.6
)
Benefit obligations at end of year
 
$
700.7

 
$
713.3

* Amounts are net of Medicare Part D subsidy of $0.1 million and $12.8 million in 2014 and 2013, respectively
  
Schedule of Comprehensive Income (Loss) [Table Text Block]
The pre-tax amounts recognized in Accumulated other comprehensive income (loss) were as follows:
In millions
 
Prior service gains
 
Net actuarial losses
 
Total
Balance at December 31, 2013
 
$
39.4

 
$
(62.3
)
 
$
(22.9
)
Gain (loss) in current period
 
—

 
(11.7
)
 
(11.7
)
Amortization reclassified to earnings
 
(8.9
)
 
—

 
(8.9
)
Currency translation and other
 
—

 
0.2

 
0.2

Balance at December 31, 2014
 
$
30.5

 
$
(73.8
)
 
$
(43.3
)
  
Schedule of Assumptions Used [Table Text Block]
 
 
2014
 
2013
 
2012
Discount rate:
 
 
 
 
 
 
Benefit obligations at December 31
 
3.50
%
 
4.25
%
 
3.25
%
Net periodic benefit cost
 
 
 
 
 
 
For the period January 1 to January 31
 
4.25
%
 
3.25
%
 
4.00
%
For the period February 1 to November 30
 
4.25
%
 
3.25
%
 
3.75
%
For the period November 30 to December 31
 
4.25
%
 
4.00
%
 
3.75
%
Assumed health-care cost trend rates at December 31:
 
 
 
 
 
 
Current year medical inflation
 
7.25
%
 
7.65
%
 
8.05
%
Ultimate inflation rate
 
5.00
%
 
5.00
%
 
5.00
%
Year that the rate reaches the ultimate trend rate
 
2021

 
2021

 
2021

  
Schedule of Expected Benefit Payments [Table Text Block]
Benefit payments for postretirement benefits, which are net of expected plan participant contributions and Medicare Part D subsidy, are expected to be paid as follows:
In millions
  
2015
$
59.5

2016
58.4

2017
57.4

2018
55.9

2019
53.7

2020 — 2024
236.8

  
Schedule of Net Funded Status [Table Text Block]
The benefit plan obligations are reflected in the Consolidated Balance Sheets as follows:
In millions
 
December 31, 2014
 
December 31, 2013
Accrued compensation and benefits
 
$
(58.5
)
 
$
(65.2
)
Postemployment and other benefit liabilities
 
(642.2
)
 
(648.1
)
Total
 
$
(700.7
)
 
$
(713.3
)
  
Schedule of Costs of Retirement Plans [Table Text Block]
The components of net periodic postretirement benefit (income) cost for the years ended December 31 were as follows:
In millions
 
2014
 
2013
 
2012
Service cost
 
$
5.1

 
$
6.6

 
$
7.3

Interest cost
 
28.1

 
26.0

 
30.8

Net amortization of:
 
 
 
 
 
 
Prior service gains
 
(8.9
)
 
(10.3
)
 
(10.3
)
Net actuarial losses
 
—

 
6.5

 
7.3

Net periodic postretirement benefit cost
 
$
24.3

 
$
28.8

 
$
35.1

Amounts recorded in continuing operations
 
$
16.2

 
$
19.8

 
$
22.2

Amounts recorded in discontinued operations
 
8.1

 
9.0

 
12.9

Total
 
$
24.3

 
$
28.8

 
$
35.1

  
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
A 1% change in the assumed medical trend rate would have the following effects as of and for the year ended December 31, 2014:
In millions
 
1%
Increase
 
1%
Decrease
Effect on total of service and interest cost components of current year benefit cost
 
$
1.1

 
$
(0.8
)
Effect on benefit obligation at year-end
 
31.8

 
(27.4
)