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Pension and Other Postemployment Benefits (Tables)
12 Months Ended
Dec. 31, 2013
Defined Benefit Pension Plans [Member]
 
Components of Net Periodic Benefit Cost
The components of net periodic benefit cost for the three years ended December 31, 2013 were (in millions):
 
2013
 
2012
 
2011
 
 
 
 
 
 
Service cost
$
4.6

 
$
6.6

 
$
5.8

Interest cost
7.3

 
7.6

 
6.5

Expected return on plan assets
(3.7
)
 
(3.5
)
 
(3.5
)
Amortization of prior service cost
3.6

 
3.1

 
3.1

Amortization of actuarial (gains) losses
3.5

 
1.0

 
0.3

 
$
15.3

 
$
14.8

 
$
12.2

Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost
The weighted average assumptions used to determine net periodic benefit cost for the three years ended December 31, 2013 were:
 
2013
 
2012
 
2011
 
 
 
 
 
 
Discount rate
3.9
%
 
4.6
%
 
5.1
%
Compensation increases
1.6
%
 
1.8
%
 
1.6
%
Expected return on plan assets
5.3
%
 
6.0
%
 
6.2
%
Benefit Obligation, Fair Value of Plan Assets and Funded Status of Defined Benefit Pension Plans
At December 31, 2013 and 2012, the benefit obligation, fair value of plan assets and the funded status of our defined benefit pension plans were (in millions):
 
2013
 
2012
Benefit Obligation
 
 
 
Benefit obligation January 1
$
188.4

 
$
146.3

Service cost
4.6

 
6.6

Interest cost
7.3

 
7.6

Amendments, curtailments and settlements
7.6

 

Actuarial (gains) losses
(18.0
)
 
30.5

Benefits paid
(5.1
)
 
(4.7
)
Foreign currency translation and other
0.9

 
2.1

Benefit obligation December 31
$
185.7

 
$
188.4

Fair Value of Plan Assets
 
 
 
Fair value of assets January 1
$
62.7

 
$
50.5

Actual return on plan assets
8.1

 
6.5

Employer contributions
5.5

 
9.1

Benefits paid
(5.1
)
 
(4.7
)
Foreign currency translation and other
1.0

 
1.3

Fair value of plan assets December 31
$
72.2

 
$
62.7

 
 
 
 
Funded Status December 31
$
(113.5
)
 
$
(125.7
)
Amounts Recorded in Balance Sheet
At December 31, 2013 and 2012 the funded status was classified as follows (in millions):
 
2013
 
2012
 
 
 
 
Other assets
$
5.6

 
$
3.5

Other current liabilities
(1.1
)
 
(1.4
)
Long-term liabilities
(118.0
)
 
(127.8
)
 
$
(113.5
)
 
$
(125.7
)
Plans with Benefit Obligations in Excess of Plan Assets
At December 31, 2013 and 2012, plans with benefit obligations in excess of plan assets were (in millions):
 
2013
 
2012
 
 
 
 
Benefit obligation
$
143.1

 
$
168.8

Plan assets
24.0

 
39.6

 
$
119.1

 
$
129.2

Weighted Average Assumptions Used to Determine Benefit Obligation

The weighted average assumptions used to determine the benefit obligation at December 31, 2013 and 2012, were:
 
2013
 
2012
 
 
 
 
Discount rate
4.4
%
 
3.7
%
Compensation increases
1.6
%
 
1.7
%
Estimated Future Benefit Payments
At December 31, 2013, the estimated benefits expected to be paid over the next 10 years are (in millions):
2014
$
4.6

2015
6.6

2016
6.5

2017
6.6

2018
7.7

2019 - 2023
61.9

Fair Value of Plan Assets
The fair value of plan assets at December 31, 2013 and 2012 was (in millions):
 
Level 1
 
Level 2
 
Level 3
 
Total
2013
 
 
 
 
 
 
 
Cash
$
2.1

 
 
 
 
 
$
2.1

Mutual funds
42.5

 
 
 
 
 
42.5

Unit trusts
23.3

 
 
 
 
 
23.3

Insurance contracts
 
 
 
 
$
3.4

 
3.4

Other
 
 
$
0.9

 
 
 
0.9

 
$
67.9

 
$
0.9

 
$
3.4

 
$
72.2

2012
 
 
 
 
 
 
 
Cash
$
2.3

 
 
 
 
 
$
2.3

Mutual funds
36.8

 
 
 
 
 
36.8

Unit trusts
20.6

 
 
 
 
 
20.6

Insurance contracts
 
 
 
 
$
2.9

 
2.9

Other
 
 
$
0.1

 
 
 
0.1

 
$
59.7

 
$
0.1

 
$
2.9

 
$
62.7


Changes in Fair Value of Plan Assets Measured Using Level 3 Inputs
Changes in the fair value of plan assets measured using Level 3 inputs at December 31, 2013 and 2012, were (in millions):
 
2013
 
2012
 
 
 
 
Balance January 1
$
2.9

 
$
1.7

Actual return on assets
0.1

 
0.1

Purchases, sales and settlements, net
0.4

 
1.1

Balance December 31
$
3.4

 
$
2.9

Weighted Average Plan Asset Allocations
The weighted average asset allocations at December 31, 2013 and 2012 were:
 
2013
 
2012
 
Target
Allocation
 
Actual
Allocation
 
Actual
Allocation
 
 
 
 
 
 
Cash
2
%
 
3
%
 
3
%
Mutual funds
57
%
 
59
%
 
59
%
Unit trusts
34
%
 
32
%
 
33
%
Insurance contracts
5
%
 
5
%
 
5
%
Other
2
%
 
1
%
 
%
 
100
%
 
100
%
 
100
%
Postemployment Arrangements [Member]
 
Components of Net Periodic Benefit Cost
The components of net periodic benefit cost for the three years ended December 31, 2013 were (in millions):
 
2013
 
2012
 
2011
 
 
 
 
 
 
Service cost
$
4.1

 
$
4.1

 
$
3.9

Interest cost
4.3

 
4.7

 
4.7

Amortization of prior service cost
1.9

 
0.7

 
0.6

Amortization of actuarial (gains) losses
1.5

 
2.0

 
2.1

 
$
11.8

 
$
11.5

 
$
11.3

Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost
The weighted average assumptions used to determine net periodic benefit cost for the three years ended December 31, 2013 were:
 
2013
 
2012
 
2011
 
 
 
 
 
 
Discount rate
4.1
%
 
4.9
%
 
5.0
%
Compensation increases
3.5
%
 
3.5
%
 
3.5
%

Benefit Obligation
At December 31, 2013 and 2012, the benefit obligation was (in millions):
 
2013
 
2012
 
 
 
 
Benefit obligation January 1
$
118.7

 
$
105.2

Service cost
4.1

 
4.1

Interest cost
4.3

 
4.7

Plan Amendments
2.8

 

Actuarial (gains) losses
(12.3
)
 
15.0

Benefits paid
(13.4
)
 
(10.3
)
Benefit obligation December 31
$
104.2

 
$
118.7

Amounts Recorded in Balance Sheet
At December 31, 2013 and 2012, the liability was classified as follows (in millions):
 
2013
 
2012
 
 
 
 
Other current liabilities
$
9.3

 
$
9.9

Long-term liabilities
94.9

 
108.8

 
 
 
 
 
$
104.2

 
$
118.7

Weighted Average Assumptions Used to Determine Benefit Obligation
The weighted average assumptions used to determine the benefit obligation at December 31, 2013 and 2012, were:
 
2013
 
2012
 
 
 
 
Discount rate
4.7
%
 
3.7
%
Compensation increases
3.5
%
 
3.5
%

Estimated Future Benefit Payments
At December 31, 2013, the estimated benefits expected to be paid over the next 10 years are (in millions):
2014
$
9.3

2015
9.0

2016
9.0

2017
7.3

2018
6.8

2019 - 2023
25.6