Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2015

Status of Defined Benefit Plans

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

							Nonpension
	Pension Plans						Postretirement  Plans
	2015			2014			2015			2014
Change in Benefit Obligation:
Benefit obligation at beginning of year	$	101.2		$	100.6		$	24.5		$	21.8
Service cost		0.3			0.9			0.2			0.2
Interest cost		2.9			4.2			0.9			1.0
Plan participants’ contributions		0.0			0.0			0.3			0.3
Actuarial loss (gain)		(2.7	)		10.3			(2.4	)		3.0
Settlements/curtailments		(26.5	)		(3.1	)		0.0			0.0
Effects of exchange rate changes / other		(6.8	)		(7.4	)		(0.9	)		(0.5	)
Benefits paid		(4.2	)		(4.3	)		(1.3	)		(1.3	)
Benefit obligation at end of year	$	64.2		$	101.2		$	21.3		$	24.5
Change in Plan Assets:
Fair value of plan assets at beginning of year	$	101.8		$	100.2			0.0			0.0
Actual return on plan assets (net of expenses)		2.4			11.1			0.0			0.0
Employer contributions		3.0			3.3			1.0			1.0
Plan participants’ contributions		0.0			0.0			0.3			0.3
Settlements/curtailments		(29.9	)		(1.2	)		0.0			0.0
Effects of exchange rate changes / other		(6.9	)		(7.3	)		0.0			0.0
Benefits paid		(4.2	)		(4.3	)		(1.3	)		(1.3	)
Fair value of plan assets at end of year	$	66.2		$	101.8		$	0.0		$	0.0
Funded status at end of year, recorded in Pension and    Postretirement Benefits	$	2.0		$	0.6		$	(21.3	)	$	(24.5	)
Amounts Recognized in Accumulated Other    Comprehensive Income:
Prior Service Credit	$	0.0		$	0.1		$	(0.2	)	$	(0.8	)
Actuarial Loss		12.0			19.8			0.9			3.5
Net Loss (Income) Recognized in Accumulated Other    Comprehensive Income	$	12.0		$	19.9		$	0.7		$	2.7

Amounts Recognized in Statement of Financial Position

Amounts recognized in the statement of financial position consist of:

							Nonpension
	Pension Plans						Postretirement Plans
	2015			2014			2015			2014
Pension and Postretirement Benefits	$	(3.1	)	$	(3.4	)	$	(21.3	)	$	(24.5	)
Other Assets		5.1			4.0			0.0			0.0
Accumulated Other Comprehensive Loss (Income)		12.0			19.9			0.7			2.7
Net amount recognized at end of year	$	14.0		$	20.5		$	(20.6	)	$	(21.8	)
Accumulated benefit obligation	$	62.9		$	100.0		$	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
	2015			2014			2013			2015			2014			2013
Components of Net Periodic Benefit Cost:
Service cost	$	0.3		$	0.9		$	1.1		$	0.2		$	0.2		$	0.4
Interest cost		2.9			4.2			4.0			0.9			1.0			1.1
Expected return on plan assets		(4.8	)		(6.1	)		(4.2	)		0.0			0.0			0.0
Amortization of prior service cost		0.0			0.0			0.0			(0.7	)		(1.4	)		(0.8	)
Settlements/curtailments		9.6			0.3			0.0			0.0			0.0			(0.3	)
Recognized actuarial loss (gain)		0.2			0.4			0.9			0.1			0.0			0.1
Net periodic benefit cost	$	8.2		$	(0.3	)	$	1.8		$	0.5		$	(0.2	)	$	0.5

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		Significant
			Identical		Observable
			Assets		Inputs
Asset Category	Total		(Level 1)		(Level 2)
Cash & Cash Equivalents	$	1.9	$	1.9	$	0.0
Equity Securities - Mutual Funds (a)		35.0		1.1		33.9
Money Market Funds		1.8		0.0		1.8
Bond Funds(b)		17.5		0.0		17.5
Global Multi-strategy Fund(c)		19.5		0.0		19.5
Government Fixed Income Securities(d)		22.4		0.0		22.4
Other (e)		3.7		0.2		3.5
December 31, 2014	$	101.8	$	3.2	$	98.6
Cash & Cash Equivalents	$	0.4	$	0.4	$	0.0
Equity Securities - Mutual Funds (a)		16.8		0.9		15.9
Bond Funds(b)		6.4		0.0		6.4
Global Multi-strategy Fund(c)		19.4		0.0		19.4
Government Fixed Income Securities(d)		19.1		0.1		19.0
Other (e)		4.1		0.3		3.8
December 31, 2015	$	66.2	$	1.7	$	64.5

^(a) The equity securities represent mutual funds held primarily by the pension plans in the United Kingdom (U.K.) and Canada, which include both domestic and international equity securities as of December 31, 2014.  Due to the termination of the Canada pension plan in the second quarter of 2015, remaining equity securities represent mutual funds held primarily by the pension plans in the U.K. as of December 31, 2015.  Mutual funds are valued at quoted market prices, which represent the net asset values of shares held by the plans as of December 31, 2015 and December 31, 2014.  

^(b) The bond funds principally consisted of corporate and municipal or local government bonds for the pension plans in Canada and the U.K. as of December 31, 2014.  Due to the termination of the Canada pension plan in the second quarter of 2015, remaining bond funds consist primarily of corporate bonds for pension plans in the U.K. as of December 31, 2015.  

^(c) The global multi-strategy fund, which was purchased during 2014 for the pension plans in the U.K., represents a series of multiple asset diversified funds invested in equities, bonds and other investments.  The global multi-strategy fund is valued at the net asset value per unit multiplied by the number of units held as of the measurement date.      

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

Expected Benefit Payments

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

			Nonpension
	Pension		Postretirement
	Plans		Plans
2016	$	2.4	$	1.5
2017		2.4		1.6
2018		2.4		1.7
2019		2.5		1.7
2020		2.7		1.8
2021-2025		15.3		8.4

Schedule of Health Care Cost Trends

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

	2015			2014
Effect of 1% increase in health-care cost trend rates on:
Postretirement benefit obligation	$	0.5		$	1.5
Total of service cost and interest cost component		0.0			0.1
Effect of 1% decrease in health-care cost trend rates on:
Postretirement benefit obligation		(0.5	)		(1.3	)
Total of service cost and interest cost component		0.0			(0.1	)

Benefit Obligation

Weighted-Average Assumptions Used

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

					Nonpension
	Pension Plans				Postretirement Plans
	2015		2014		2015		2014
Discount Rate		3.73%		3.54%		4.11%		3.77%
Rate of Compensation increase		4.31%		3.13%	N/A		N/A

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 Costs						Nonpension Postretirement Costs
	2015		2014		2013		2015		2014		2013
Discount Rate		3.47%		4.28%		4.15%		3.76%		4.54%		3.92%
Rate of Compensation increase		3.53%		3.13%		3.33%	N/A		N/A		N/A
Expected long-term rate of return on plan assets		5.53%		6.16%		5.45%	N/A		N/A		N/A