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Pension Benefit Plans (Tables) - Pension Benefit Plans
 12 Months Ended
Dec. 31, 2015
Defined Benefit Plans and Other Post-Retirement Benefit Plans [Line Items]  
Funded Status Of Pension Plans
The following sets forth the funded status of the U.S. and non-U.S. plans as of the most recent actuarial valuations using measurement dates of December 31 ($ in millions):
 
U.S. Pension Benefits
 
Non-U.S. Pension Benefits
 
2015
 
2014
 
2015
 
2014
Change in pension benefit obligation:
 
 
 
 
 
 
 
Benefit obligation at beginning of year
$
2,484.7

 
$
2,281.2

 
$
1,545.6

 
$
1,251.0

Service cost
9.6

 
6.0

 
46.8

 
32.0

Interest cost
101.1

 
105.9

 
37.8

 
44.4

Employee contributions
—

 
—

 
9.3

 
9.6

Benefits paid and other
(192.9
)
 
(180.7
)
 
(47.0
)
 
(48.1
)
Acquisitions
324.9

 
—

 
431.4

 
84.8

Actuarial (gain) loss
(112.5
)
 
273.8

 
(59.4
)
 
274.4

Amendments, settlements and curtailments
(11.0
)
 
(1.5
)
 
(86.0
)
 
45.3

Foreign exchange rate impact
—

 
—

 
(102.3
)
 
(147.8
)
Benefit obligation at end of year
2,603.9

 
2,484.7

 
1,776.2

 
1,545.6

Change in plan assets:
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
1,886.3

 
1,926.3

 
962.2

 
834.6

Actual return on plan assets
(21.3
)
 
90.4

 
10.6

 
93.4

Employer contributions
49.4

 
51.8

 
53.1

 
61.6

Employee contributions
—

 
—

 
9.3

 
9.6

Amendments and settlements
—

 
(1.5
)
 
(61.8
)
 
39.1

Benefits paid and other
(192.9
)
 
(180.7
)
 
(47.0
)
 
(48.1
)
Acquisitions
171.1

 
—

 
355.8

 
57.0

Foreign exchange rate impact
—

 
—

 
(59.6
)
 
(85.0
)
Fair value of plan assets at end of year
1,892.6

 
1,886.3

 
1,222.6

 
962.2

Funded status
$
(711.3
)
 
$
(598.4
)
 
$
(553.6
)
 
$
(583.4
)
Weighted Average Assumptions Used To Determine Benefit Obligations And Cost
Weighted average assumptions used to determine net periodic pension cost at date of measurement:
 
U.S. Plans
 
Non-U.S. Plans
 
2015
 
2014
 
2015
 
2014
Discount rate
4.0
%
 
4.8
%
 
2.3
%
 
3.6
%
Expected long-term return on plan assets
7.5
%
 
7.5
%
 
4.0
%
 
4.8
%
Rate of compensation increase
N/A

 
N/A

 
3.0
%
 
3.1
%
Weighted average assumptions used to determine benefit obligations at date of measurement:
 
U.S. Plans
 
Non-U.S. Plans
 
2015
 
2014
 
2015
 
2014
Discount rate
4.4
%
 
4.0
%
 
2.6
%
 
2.3
%
Rate of compensation increase
4.0
%
 
N/A

 
2.9
%
 
3.0
%
Components of Net Periodic Pension Cost
Components of net periodic pension cost:
 
U.S. Pension Benefits
 
Non-U.S. Pension Benefits
($ in millions)
2015
 
2014
 
2015
 
2014
Service cost
$
9.6

 
$
6.0

 
$
46.8

 
$
32.0

Interest cost
101.1

 
105.9

 
37.8

 
44.4

Expected return on plan assets
(136.0
)
 
(128.8
)
 
(43.1
)
 
(41.5
)
Amortization of prior service credit
—

 
—

 
(0.2
)
 
(0.1
)
Amortization of net loss
28.9

 
18.4

 
16.6

 
6.8

Curtailment and settlement (gains) losses recognized
(9.3
)
 
0.2

 
(0.4
)
 
0.7

Net periodic pension cost
$
(5.7
)
 
$
1.7

 
$
57.5

 
$
42.3
Fair Values Of Pension Plan Assets
The fair values of the Company’s pension plan assets for both the U.S. and non-U.S. plans as of December 31, 2015, by asset category were as follows ($ in millions):
 
Quoted Prices in Active  Market (Level 1)
 
Significant Other Observable  Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
 
Total
Cash and equivalents
$
24.7

 
$
—

 
$
—

 
$
24.7

Equity securities:
 
 
 
 
 
 
 
Common stock
263.7

 
24.5

 
—

 
288.2

Preferred stock
2.6

 
—

 
—

 
2.6

Fixed income securities:
 
 
 
 
 
 
 
Corporate bonds
—

 
119.6

 
—

 
119.6

Government issued
—

 
80.5

 
—

 
80.5

Mutual funds
357.4

 
196.6

 
—

 
554.0

Insurance contracts
—

 
119.9

 
—

 
119.9

Total
$
648.4

 
$
541.1

 
$
—

 
$
1,189.5

Investments measured at NAV (a):
 
 
 
 
 
 
 
Mutual funds
 
 
 
 
 
 
548.4

Common collective trusts
 
 
 
 
 
 
742.5

Venture capital, partnerships and other private investments
 
 
 
 
 
 
634.8

Total assets at fair value
 
 
 
 
 
 
$
3,115.2

 
 
 
 
 
 
 
 
(a) The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total plan assets.
The fair values of the Company’s pension plan assets for both the U.S. and non-U.S. plans as of December 31, 2014, by asset category were as follows ($ in millions):
 
Quoted Prices in Active Market (Level 1)
 
Significant Other Observable  Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
 
Total
Cash and equivalents
$
44.6

 
$
—

 
$
—

 
$
44.6

Common stock
174.5

 
24.8

 
—

 
199.3

Fixed income securities:
 
 
 
 
 
 
 
Corporate bonds
—

 
133.5

 
—

 
133.5

Government issued
—

 
58.3

 
—

 
58.3

Mutual funds
391.0

 
189.5

 
—

 
580.5

Insurance contracts
—

 
109.2

 
—

 
109.2

Total
$
610.1

 
$
515.3

 
$
—

 
$
1,125.4

Investments measured at NAV (a):
 
 
 
 
 
 
 
Mutual funds
 
 
 
 
 
 
375.1

Common collective trusts
 
 
 
 
 
 
852.9

Venture capital, partnerships and other private investments
 
 
 
 
 
 
495.1

Total assets at fair value
 
 
 
 
 
 
$
2,848.5

 
 
 
 
 
 
 
 
(a) The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total plan assets.
Benefit Payments That Reflect Expected Future Service
The following sets forth benefit payments, which reflect expected future service, as appropriate, expected to be paid by the plans in the periods indicated ($ in millions):
 
U.S. Pension Plans
 
Non-U.S. Pension Plans
 
All Pension Plans
2016
$
168.9

 
$
53.2

 
$
222.1

2017
176.5

 
57.4

 
233.9

2018
179.2

 
60.0

 
239.2

2019
179.0

 
59.3

 
238.3

2020
181.1

 
60.3

 
241.4

2021 – 2025
889.8

 
353.8

 
1,243.6