Post Employment Plans - (Tables)

12 Months Ended

Dec. 31, 2017

Our contributions to all of the plans were as follows (in millions):



Year Ended				Six Months Ended		Year Ended
December 31, 2017		December 31, 2016		December 31, 2015		June 27, 2015*
$	25.5	$	26.1	$	18.9	$	25.9

Schedule of change in the projected benefit obligation and plan assets

The change in the projected benefit obligation and plan assets consisted of the following (in millions):



	Pension Benefits									Other Benefits
	Year Ended						Six Months Ended			Year Ended						Six Months Ended
	December 31, 2017			December 31, 2016			December 31, 2015			December 31, 2017			December 31, 2016			December 31, 2015
Projected benefit obligation at beginning of period	$	158.9		$	135.0		$	140.3		$	5.8		$	7.0		$	6.0
Acquisitions	—			—			5.6			—			—			—
Curtailment	(1.0		)	—			—			—			—			—
Service costs	4.5			4.1			2.2			0.6			0.6			0.3
Interest cost	3.3			3.6			1.7			0.2			0.2			0.1
Actuarial (gain) loss	(10.3		)	22.6			(10.1		)	(0.3		)	(1.9		)	0.5
Contributions paid	0.1			0.3			—			—			—			—
Benefits paid	(2.5		)	(1.7		)	(0.6		)	(0.1		)	(0.1		)	(0.1		)
Foreign currency translation	21.0			(5.0		)	(4.1		)	—			—			0.1
Projected benefit obligation at end of period	$	174.0		$	158.9		$	135.0		$	6.2		$	5.8		$	7.0
Fair value of plan assets at beginning of period	138.2			126.7			128.1			—			—			—
Acquisitions	—			—			3.2			—			—			—
Actual return on plan assets	5.5			9.4			(1.7		)	—			—			—
Benefits paid	(2.5		)	(1.7		)	(0.6		)	—			—			—
Employer contributions	2.2			8.2			1.4			—			—			—
Contributions paid	0.1			0.3			—			—			—			—
Foreign currency translation	19.0			(4.7		)	(3.7		)	—			—			—
Fair value of plan assets at end of period	$	162.5		$	138.2		$	126.7		$	—		$	—		$	—
Unfunded status	$	(11.5	)	$	(20.7	)	$	(8.3	)	$	(6.2	)	$	(5.8	)	$	(7.0	)
Presented as:
Other non-current assets	$	22.0		$	10.4		$	16.5		$	—		$	—		$	—
Other non-current liabilities	$	(33.5	)	$	(31.1	)	$	(24.8	)	$	—		$	(5.8	)	$	(7.0	)

Schedule of accumulated benefit obligation

The total accumulated benefit obligation for the defined benefit pension plans was as follows (in millions):



Year Ended				Six Months Ended
December 31, 2017		December 31, 2016		December 31, 2015
$	167.6	$	136.3	$	109.4

Schedule of unrecognized actual gains (losses)

The following unrecognized actual gains (losses) for the other benefits liability was included in OCI, net of tax (in millions):



Year Ended					Six Months Ended			Year Ended
December 31, 2017		December 31, 2016			December 31, 2015			June 27, 2015
$	0.3	$	(0.7	)	$	(0.4	)	$	0.1

Schedule of unamortized net actuarial loss in AOCI net of tax

The unamortized net actuarial loss in AOCI net of tax for defined benefit pension and other benefits was as follows (in millions):



Year Ended					Six Months Ended		Year Ended
December 31, 2017			December 31, 2016		December 31, 2015		June 27, 2015*
$	(1.3	)	$	9.5	$	2.9	$	8.2

* Includes Omega activity from March 30, 2015 to June 27, 2015

Schedule of expected benefit payments

At December 31, 2017, the total estimated future benefit payments to be paid by the plans for the next five years is approximately $9.9 million for pension benefits and $1.0 million for other benefits as follows (in millions):



Payment Due	Pension Benefits		Other Benefits
2018	$	1.4	$	0.1
2019	1.5		0.2
2020	2.3		0.2
2021	2.1		0.2
2022	2.6		0.3
Thereafter	20.1		1.9

Schedule of net periodic pension cost

Net periodic pension cost consisted of the following (in millions):



	Pension Benefits												Other Benefits
	Year Ended						Six Months Ended			Year Ended			Year Ended					Six Months Ended		Year Ended
	December 31, 2017			December 31, 2016			December 31, 2015			June 27, 2015*			December 31, 2017			December 31, 2016		December 31, 2015		June 27, 2015*
Service cost	$	4.5		$	4.1		$	2.2		$	0.9		$	0.6		$	0.6	$	0.3	$	0.3
Interest cost	3.3			3.6			1.7			2.4			0.2			0.2		0.1		0.2
Expected return on assets	(4.3		)	(3.9		)	(1.8		)	(2.7		)	—			—		—		—
Curtailment	(0.7		)	—			—			—			—			—		—		—
Net actuarial loss	0.8			0.5			0.4			1.0			(0.1		)	—		—		0.1
Net periodic pension cost	$	3.6		$	4.3		$	2.5		$	1.6		$	0.7		$	0.8	$	0.4	$	0.6

* Includes Omega activity from March 30, 2015 to June 27, 2015

Schedule of assumptions used

As of December 31, 2017, the expected weighted-average long-term rate of return on assets of 2.9% was calculated based on the assumptions of the following returns for each asset class:



Equities	6.0	%
Bonds	1.9	%
Absolute return fund	4.0	%
Insurance contracts	2.8	%
Other	2.5	%

The weighted-average assumptions used to determine net periodic pension cost and benefit obligation were:



	Pension Benefits								Other Benefits
	Year Ended				Six Months Ended		Year Ended		Year Ended				Six Months Ended		Year Ended
	December 31, 2017		December 31, 2016		December 31, 2015		June 27, 2015*		December 31, 2017		December 31, 2016		December 31, 2015		June 27, 2015*
Discount rate	1.91	%	1.76	%	2.22	%	2.11	%	3.59	%	4.00	%	4.25	%	4.25	%
Inflation	1.45	%	1.43	%	2.25	%	1.93	%
Expected return on assets	2.90	%	2.89	%	2.93	%	2.85	%

* Includes Omega activity from March 30, 2015 to June 27, 2015

Schedule of allocation of plan assets

Certain of our plans have target asset allocation ranges, as of December 31, 2017 these ranges are as follows:



Equities	10% - 20%
Bonds	20% - 30%
Absolute return	50% - 60%

The following table sets forth the fair value of the pension plan assets, as of December 31, 2017 (in millions):



	Quoted Prices in Active Markets		Other Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Equities	$	0.1	$	19.1	$	—	$	19.2
Bonds	1.8		30.2		—		32.0
Insurance contracts	—		—		50.8		50.8
Absolute return fund	—		54.5		—		54.5
Other	—		6.0		—		6.0
Total	$	1.9	$	109.8	$	50.8	$	162.5

The following table sets forth the fair value of the pension plan assets, as of December 31, 2016 (in millions):



	Quoted Prices in Active Markets		Other Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Equities	$	0.1	$	13.6	$	—	$	13.7
Bonds	1.6		22.8		—		24.4
Insurance contracts	—		—		43.4		43.4
Absolute return fund	—		51.5		—		51.5
Other	—		5.2		—		5.2
Total	$	1.7	$	93.1	$	43.4	$	138.2

The following table sets forth the fair value of the pension plan assets, as of December 31, 2015 (in millions):



	Other Observable Inputs		Unobservable Inputs
	(Level 2)		(Level 3)		Total
Equities	$	14.5	$	—	$	14.5
Bonds	38.1		—		38.1
Property	—		0.3		0.3
Insurance contracts	—		34.9		34.9
Absolute return fund	33.7		—		33.7
Other	5.2		—		5.2
Total	$	91.5	$	35.2	$	126.7

Schedule of summary of the changes in the fair value of the Level 3 pension plan assets

The following table sets forth a summary of the changes in the fair value of the Level 3 pension plan assets, which were measured at fair value on a recurring basis (in millions):



	Year Ended					Six Months Ended
	December 31, 2017		December 31, 2016			December 31, 2015
Assets at beginning of year	$	43.4	$	35.2		$	34.3
Actual return on plan assets	1.0		6.7			0.1
Purchases, sales and settlements, net	0.9		(4.2		)	2.1
Net transfers	—		7.6			—
Foreign exchange	5.5		(1.9		)	(1.3		)
Assets at end of year	$	50.8	$	43.4		$	35.2