Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

Status of Defined Benefit Plans

The following table provides information on the status of the defined benefit plans at December 31:

	Pension Plans						Nonpension Postretirement Plans
	2013			2012			2013			2012
Change in Benefit Obligation:
Benefit obligation at beginning of year	$	99.7		$	88.1		$	30.0		$	27.2
Service cost		1.1			0.9			0.4			0.4
Interest cost		4.0			4.2			1.1			1.2
Plan participants’ contributions		0.0			0.0			0.3			0.2
Actuarial loss (gain)		0.7			7.0			(4.9	)		2.5
Settlements/curtailments		0.0			0.0			(2.7	)		(0.4	)
Effects of exchange rate changes / other		(0.9	)		3.6			(0.4	)		0.1
Benefits paid		(4.0	)		(4.1	)		(2.0	)		(1.2	)
Benefit obligation at end of year	$	100.6		$	99.7		$	21.8		$	30.0
Change in Plan Assets:
Fair value of plan assets at beginning of year	$	78.8		$	70.5		$	0.0		$	0.0
Actual return on plan assets (net of expenses)		8.1			5.1			0.0			0.0
Employer contributions		17.5			4.4			1.7			1.0
Plan participants’ contributions		0.0			0.0			0.3			0.2
Effects of exchange rate changes / other		(0.2	)		2.9			0.0			0.0
Benefits paid		(4.0	)		(4.1	)		(2.0	)		(1.2	)
Fair value of plan assets at end of year	$	100.2		$	78.8		$	0.0		$	0.0
Funded status at end of year, recorded in Pension and Postretirement Benefits	$	(0.4	)	$	(20.9	)	$	(21.8	)	$	(30.0	)
Amounts Recognized in Accumulated Other Comprehensive Income:
Prior Service Credit	$	0.1		$	0.2		$	(2.3	)	$	(0.8	)
Actuarial Loss		18.5			23.4			0.8			5.9
Net Loss (Income) Recognized in Accumulated Other Comprehensive Income	$	18.6		$	23.6		$	(1.5	)	$	5.1

Amounts Recognized in Statement of Financial Position

Amounts recognized in the statement of financial position consist of:

	Pension Plans						Nonpension Postretirement Plans
	2013			2012			2013			2012
Pension and Postretirement Benefits	$	(3.4	)	$	(20.9	)	$	(21.8	)	$	(30.0	)
Other Assets		3.0			0.0			0.0			0.0
Accumulated Other Comprehensive Loss (Income)		18.6			23.6			(1.5	)		5.1
Net amount recognized at end of year	$	18.2		$	2.7		$	(23.3	)	$	(24.9	)
Accumulated benefit obligation	$	95.4		$	96.3		$	0.0		$	0.0

Components of Net Periodic Benefit Cost

Net Pension and Net Postretirement Benefit Costs consisted of the following components:

	Pension Costs									Nonpension Postretirement Costs
	2013			2012			2011			2013			2012			2011
Components of Net Periodic Benefit Cost:
Service cost	$	1.1		$	0.9		$	0.9		$	0.4		$	0.4		$	0.4
Interest cost		4.0			4.2			4.6			1.1			1.2			1.3
Expected return on plan assets		(4.2	)		(3.9	)		(4.3	)		0.0			0.0			0.0
Amortization of prior service cost		0.0			0.0			0.0			(0.8	)		(0.1	)		0.1
Settlements/curtailments		0.0			0.0			0.0			(0.3	)		0.0			0.0
Recognized actuarial loss (gain)		0.9			0.2			0.0			0.1			0.2			0.0
Net periodic benefit cost	$	1.8		$	1.4		$	1.2		$	0.5		$	1.7		$	1.8

Schedule Of Fair Values Of Pension Plan Assets By Asset Category

The fair values of the Company’s defined benefit pension plan assets by asset category are as follows:

			Quoted Prices in Active Markets for Identical Assets		Significant Observable Inputs		Significant Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Asset Category
Cash & Cash Equivalents	$	1.0	$	1.0	$	0.0	$	0.0
Equity Securities—Mutual Funds(a)		14.3		0.9		13.4		0.0
Bond Funds(b)		9.8		0.1		9.7		0.0
Global Multi-strategy Fund(c)		31.8		0.0		0.0		31.8
Insurance Investment Contract(d)		5.3		0.0		0.0		5.3
Government Fixed Income Securities(e)		15.0		0.0		15.0		0.0
Other(f)		1.6		0.1		1.5		0.0
December 31, 2012	$	78.8	$	2.1	$	39.6	$	37.1
Cash & Cash Equivalents	$	9.0	$	9.0	$	0.0	$	0.0
Equity Securities—Mutual Funds(a)		16.1		1.0		15.1		0.0
Money Market Funds		6.6		0.0		6.6		0.0
Bond Funds(b)		9.3		0.0		9.3		0.0
Global Multi-strategy Fund(c)		37.8		0.0		0.0		37.8
Insurance Investment Contract(d)		5.9		0.0		0.0		5.9
Government Fixed Income Securities(e)		15.3		0.0		15.3		0.0
Other(f)		0.2		0.2		0.0		0.0
December 31, 2013	$	100.2	$	10.2	$	46.3	$	43.7

(a) The equity securities represent mutual funds held primarily by the pension plans in Canada, which include both domestic and international equity securities. Mutual funds are valued at quoted market prices, which represent the net asset values of shares held by the plans as of December 31, 2012 and December 31, 2013.

(b) The bond funds constitutes investments primarily for the pension plans in Canada and the fund consists of investments in Canadian government, corporate and municipal or local governments bonds.

(c) The global multi-strategy fund constitutes investments for the pension plans in the United Kingdom. The fund is a fund of funds invested in a series of diverse international equity funds and fixed income funds. The Global Multi-strategy fund is valued at quoted market prices which represent the net asset value of the units held at December 31, 2012 and December 31, 2013.

(d) The insurance investment contract is in the form of an insurance policy that is held by the pension plans in the United Kingdom. The investment of the underlying assets is in various managed funds. Insurance contracts are valued at book value, which approximates fair value, and are calculated using the prior year balance adjusted for investment returns and changes in cash flows.

(e) Government fixed income securities held by pension plans in the United Kingdom are valued at the net asset value per share multiplied by the number of shares held as of the measurement date.

(f) Other category includes other investments for pension plans in the International subsidiaries.

Schedule Of Fair Value Measurements Using Significant Unobservable Inputs

Fair Value Measurements Using Significant Unobservable Inputs (Level 3 Investments) are as follows:

	Global Multi- strategy Fund		Insurance Investment Contract		Total
Investments
Balance at December 31, 2011	$	27.7	$	4.7	$	32.4
Net realized and unrealized gains (loss)		2.8		0.4		3.2
Effects of exchange rate changes		1.3		0.2		1.5
Balance at December 31, 2012	$	31.8	$	5.3	$	37.1
Net realized and unrealized gains (loss)		5.3		0.5		5.8
Effects of exchange rate changes		0.7		0.1		0.8
Balance at December 31, 2013	$	37.8	$	5.9	$	43.7

Expected Benefit Payments

The following benefit payments are expected to be paid from the defined benefit plans:

	Pension Plans		Nonpension Postretirement Plans
2014	$	4.3	$	1.3
2015		4.8		1.3
2016		4.7		1.4
2017		4.7		1.5
2018		4.7		1.6
2019-2023		25.5		8.9

Schedule Of Health Care Cost Trends

The following chart shows the effect of a 1% change in healthcare cost trends:

	2013			2012
Effect of 1% increase in health-care cost trend rates on:
Postretirement benefit obligation	$	0.7		$	1.7
Total of service cost and interest cost component		0.9			0.2
Effect of 1% decrease in health-care cost trend rates on:
Postretirement benefit obligation		(0.6	)		(1.4	)
Total of service cost and interest cost component		(0.7	)		(0.1	)

Net Periodic Benefit Cost

Weighted-Average Assumptions Used

Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31 are as follows:

	Pension Plans									Nonpension Postretirement Plans
	2013			2012			2011			2013			2012			2011
Discount Rate		4.15	%		4.75	%		5.34	%		3.92	%		4.31	%		5.28	%
Rate of Compensation increase		3.33	%		3.33	%		3.68	%		N/A			N/A			N/A
Expected long-term rate of return on plan assets		5.45	%		5.35	%		5.87	%		N/A			N/A			N/A

Benefit Obligation

Weighted-Average Assumptions Used

Weighted-average assumptions used to determine benefit obligations as of December 31 are as follows:

	Pension Plans						Nonpension Postretirement Plans
	2013			2012			2013			2012
Discount Rate		4.48	%		4.16	%		4.56	%		3.89	%
Rate of Compensation increase		3.33	%		3.33	%		N/A			N/A