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Pension and Other Postemployment Benefits (Tables)
12 Months Ended
Dec. 31, 2011
Defined Benefit Pension Plans [Member]
 
Components of Net Periodic Benefit Cost [Table Text Block]
The components of net periodic benefit cost for the three years ended December 31, 2011 were (in millions):
 
2011
 
2010
 
2009
 
 
 
 
 
 
Service cost
$
5.8

 
$
3.9

 
$
4.4

Interest cost
6.5

 
6.1

 
6.7

Expected return on plan assets
(3.5
)
 
(3.5
)
 
(3.6
)
Amortization of prior service cost
3.1

 
2.5

 
2.5

Amortization of actuarial (gains) losses
0.3

 
0.6

 
1.6

Curtailments and settlements

 
1.2

 
1.4

 
 
 
 
 
 
 
 
 
 
 
 
 
$
12.2

 
$
10.8

 
$
13.0

 
 
 
 
 
 
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost [Table Text Block]
The weighted average assumptions used to determine net periodic benefit cost for the three years ended December 31, 2011 were:
 
2011
 
2010
 
2009
 
 
 
 
 
 
Discount rate
5.1
%
 
5.6
%
 
5.6
%
Compensation increases
1.6
%
 
2.3
%
 
2.1
%
Expected return on plan assets
6.2
%
 
6.7
%
 
6.4
%
Amounts Recorded in Balance Sheet [Table Text Block]
At December 31, 2011 and 2010 the funded status was classified as follows (in millions):
 
2011
 
2010
 
 
 
 
Other assets
$
1.9

 
$
3.0

Other current liabilities
(1.3
)
 
(1.1
)
Long-term liabilities
(96.4
)
 
(78.0
)
 
 
 
 
 
 
 
 
 
$
(95.8
)
 
$
(76.1
)
 
 
 
 
Plans with Benefit Obligations in Excess of Plan Assets [Table Text Block]
At December 31, 2011 and 2010, plans with benefit obligations in excess of plan assets were (in millions):
 
2011
 
2010
 
 
 
 
Benefit obligation
$
136.4

 
$
114.1

Plan assets
38.7

 
35.0

 
 
 
 
 
 
 
 
 
$
97.7

 
$
79.1

 
 
 
 
Weighted Average Assumptions Used to Determine Benefit Obligation [Table Text Block]
At December 31, 2011 and 2010, the weighted average assumptions used to determine the benefit obligation were:
 
2011
 
2010
 
 
 
 
Discount rate
4.6
%
 
5.0
%
Compensation increases
1.4
%
 
1.9
%
Estimated Future Benefit Payments [Table Text Block]
At December 31, 2011, the estimated future benefit payments expected to be paid are (in millions):
2012
$
4.1

2013
4.9

2014
7.7

2015
5.5

2016
5.8

2017 -2021
41.4

Thereafter
76.9

 
 
 
 
 
$
146.3

 
 
Fair Value of Plan Assets [Table Text Block]
The fair value of plan assets at December 31, 2011 and 2010 were (in millions):
 
Level 1
 
Level 2
 
Level 3
 
Total
2011
 
 
 
 
 
 
 
Cash
$
1.6

 
 
 
 
 
$
1.6

Mutual funds (a)
29.7

 
 
 
 
 
29.7

Unit trusts (b)
17.3

 
 
 
 
 
17.3

Insurance contracts (c)

 
 
 
$
1.7

 
1.7

Other (d)

 
$
0.2

 

 
0.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
48.6

 
$
0.2

 
$
1.7

 
$
50.5

 
 
 
 
 
 
 
 
________________
(a)
Equity funds represent 67% of the total and are primarily composed of U.S. large-cap and mid-cap companies, international companies and emerging market companies. Debt funds represent 33% of the total and are primarily composed of U.S. Treasury securities, corporate debt and mortgage securities.
(b)
Equity funds represent 46% of the total and are primarily composed of U.K. large-cap companies and U.K., U.S. and eurozone equity index funds. Debt funds represent 54% of the total and are composed of U.K. government bonds and U.K. and eurozone corporate bonds.
(c)
Insurance contracts are primarily composed of guaranteed insurance contracts.
(d)
Commingled short-term investment funds.
 
Level 1
 
Level 2
 
Level 3
 
Total
2010
 
 
 
 
 
 
 
Cash
$
1.0

 
 
 
 
 
$
1.0

Mutual funds (a)
24.9

 
 
 
 
 
24.9

Unit trusts (b)
18.8

 
 
 
 
 
18.8

Insurance contracts (c)

 
 
 
$
6.1

 
6.1

Other (d)

 
$
3.1

 

 
3.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
44.7

 
$
3.1

 
$
6.1

 
$
53.9

 
 
 
 
 
 
 
 
________________
(a)
Equity funds represent 63% of the total and are primarily composed of U.S. large-cap and mid-cap companies, international companies and emerging market companies. Debt funds represent 37% of the total and are primarily composed of U.S. Treasury securities, corporate debt and mortgage securities.
(b)
Equity funds represent 54% of the total and are primarily composed of U.K. large-cap companies and U.K., U.S. and eurozone equity index funds. Debt funds represent 46% of the total and are composed of U.K. government bonds and U.K. and eurozone corporate bonds.
(c)
Insurance contracts are primarily composed of guaranteed insurance contracts.
(d)
Commingled short-term investment funds.
Changes in Fair Value of Plan Assets Measured Using Level 3 Inputs [Table Text Block]
At December 31, 2011 and 2010, changes in the fair value of plan assets measured using Level 3 inputs were (in millions):
 
2011
 
2010
 
 
 
 
Beginning balance January 1
$
6.1

 
$
5.6

Actual return on assets
0.1

 
0.1

Purchases, sales and settlements, net
(4.5
)
 
0.4

 
 
 
 
 
 
 
 
Balance December 31
$
1.7

 
$
6.1

 
 
 
 
Weighted Average Plan Asset Allocations [Table Text Block]
The weighted average asset allocations at December 31, 2011 and 2010 were:
 
2011
 
2010
 
Target
Allocation
 
Actual
Allocation
 
Actual
Allocation
 
 
 
 
 
 
Cash
2
%
 
3
%
 
2
%
Mutual funds
55
%
 
59
%
 
46
%
Unit trusts
37
%
 
34
%
 
35
%
Insurance contracts
3
%
 
3
%
 
11
%
Other
3
%
 
1
%
 
6
%
 
 
 
 
 
 
 
 
 
 
 
 
 
100
%
 
100
%
 
100
%
 
 
 
 
 
 
Postemployment Arrangements [Member]
 
Components of Net Periodic Benefit Cost [Table Text Block]
The components of net periodic benefit cost for the three years ended December 31, 2011 were (in millions):
 
2011
 
2010
 
2009
 
 
 
 
 
 
Service cost
$
3.9

 
$
1.8

 
$
1.8

Interest cost
4.7

 
3.9

 
4.0

Amortization of prior service cost
0.6

 
0.6

 
0.8

Amortization of actuarial (gains) losses
2.1

 
1.0

 
0.5

 
 
 
 
 
 
 
 
 
 
 
 
 
$
11.3

 
$
7.3

 
$
7.1

 
 
 
 
 
 
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost [Table Text Block]
The weighted average assumptions used to determine net periodic benefit cost for the three years ended December 31, 2011 were:
 
2011
 
2010
 
2009
 
 
 
 
 
 
Discount rate
5.0
%
 
5.0
%
 
5.3
%
Compensation increases
3.5
%
 
3.5
%
 
3.5
%
Benefit Obligation, Fair Value of Plan Assets and Funded Status of Defined Benefit Pension Plans [Table Text Block]
At December 31, 2011 and 2010, the benefit obligation, fair value of plan assets and the funded status of our defined benefit pension plans were (in millions):
 
2011
 
2010
 
 
 
 
Benefit Obligation
 
 
 
Benefit obligation January 1
$
130.0

 
$
120.9

Service cost
5.8

 
3.9

Interest cost
6.5

 
6.1

Amendments, curtailments, and settlements
(13.6
)
 
2.6

Actuarial (gains) losses
23.1

 
7.2

Benefits paid
(5.1
)
 
(10.3
)
Foreign currency translation
(0.4
)
 
(0.4
)
 
 
 
 
 
 
 
 
Benefit obligation December 31
$
146.3

 
$
130.0

 
 
 
 
 
 
 
 
Fair Value of Plan Assets
 
 
 
Fair value of assets January 1
$
53.9

 
$
52.4

Actual return on plan assets
(0.6
)
 
4.5

Employer contributions
7.8

 
7.5

Benefits paid
(5.1
)
 
(10.3
)
Settlements
(5.4
)
 

Foreign currency translation
(0.1
)
 
(0.2
)
 
 
 
 
 
 
 
 
Fair value of plan assets December 31
$
50.5

 
$
53.9

 
 
 
 
 
 
 
 
 
 
 
 
Funded Status December 31
$
(95.8
)
 
$
(76.1
)
 
 
 
 
Benefit Obligation [Table Text Block]
At December 31, 2011 and 2010, the benefit obligation was (in millions):
 
2011
 
2010
 
 
 
 
Benefit obligation January 1
$
104.7

 
$
87.7

Service cost
3.9

 
1.8

Interest cost
4.7

 
3.9

Plan amendment

 
20.4

Actuarial (gains) losses
2.6

 
0.9

Benefits paid
(10.7
)
 
(10.0
)
 
 
 
 
 
 
 
 
Benefit obligation December 31
$
105.2

 
$
104.7

 
 
 
 
Amounts Recorded in Balance Sheet [Table Text Block]
At December 31, 2011 and 2010, the liability was classified as follows (in millions):
 
2011
 
2010
 
 
 
 
Other current liabilities
$
10.2

 
$
10.7

Long-term liabilities
95.0

 
94.0

 
 
 
 
 
 
 
 
 
$
105.2

 
$
104.7

 
 
 
 
Weighted Average Assumptions Used to Determine Benefit Obligation [Table Text Block]
At December 31, 2011 and 2010, the weighted average assumptions used to determine the benefit obligation were:
 
2011
 
2010
 
 
 
 
Discount rate
4.9
%
 
5.0
%
Compensation increases
3.5
%
 
3.5
%

Estimated Future Benefit Payments [Table Text Block]
At December 31, 2011, the estimated future benefit payments expected to be paid are (in millions):
2012
$
10.2

2013
9.8

2014
8.3

2015
7.2

2016
7.5

2017 - 2021
28.1

Thereafter
34.1

 
 
 
 
 
$
105.2