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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Net Benefit Costs
NPPC for U.S. and international plans for 2017, 2016 and 2015 is as follows:
 
 
U.S. Plans
 
International Plans
(In thousands)
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
Defined benefit pension plans:
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
43

 
$
102

 
$
118

 
$
1,724

 
$
1,585

 
$
1,648

Interest cost
 
9,878

 
10,165

 
12,357

 
21,459

 
26,822

 
36,282

Expected return on plan assets
 
(10,485
)
 
(10,721
)
 
(14,041
)
 
(40,469
)
 
(42,979
)
 
(50,091
)
Recognized prior service costs
 
33

 
63

 
81

 
186

 
189

 
188

Recognized losses
 
5,701

 
5,493

 
4,919

 
16,283

 
12,002

 
16,875

Settlement/curtailment loss (gain)
 

 
276

 

 
(20
)
 
79

 
(23
)
Defined benefit pension plan cost (income)
 
5,170

 
5,378

 
3,434

 
(837
)
 
(2,302
)
 
4,879

Multiemployer pension plans
 
650

 
636

 
853

 
1,306

 
1,368

 
1,463

Defined contribution plans
 
4,239

 
3,833

 
3,921

 
5,905

 
5,807

 
6,765

Net periodic pension cost
 
$
10,059

 
$
9,847

 
$
8,208

 
$
6,374

 
$
4,873

 
$
13,107

Schedule of Net Funded Status
The change in the financial status of the defined benefit pension plans and amounts recognized on the Consolidated Balance Sheets at December 31, 2017 and 2016 are as follows:
 
 
U.S. Plans
 
International Plans
(In thousands)
 
2017
 
2016
 
2017
 
2016
Change in benefit obligation:
 
 
 
 
 
 
 
 
Benefit obligation at beginning of year
 
$
305,652

 
$
307,390

 
$
952,360

 
$
900,104

Service cost
 
43

 
102

 
1,724

 
1,585

Interest cost
 
9,878

 
10,165

 
21,459

 
26,822

Plan participants' contributions
 

 

 
61

 
68

Amendments
 

 

 
(4,459
)
 

Actuarial (gain) loss
 
14,459

 
5,550

 
(3,613
)
 
194,469

Settlements/curtailments
 

 

 
(3,362
)
 
(1,527
)
Benefits paid
 
(15,171
)
 
(17,555
)
 
(40,379
)
 
(32,079
)
Effect of foreign currency
 

 

 
91,795

 
(137,082
)
Benefit obligation at end of year
 
$
314,861

 
$
305,652

 
$
1,015,586

 
$
952,360

Change in plan assets:
 
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
 
$
205,271

 
$
208,870

 
$
732,743

 
$
755,966

Actual return on plan assets
 
33,942

 
11,935

 
67,136

 
105,027

Employer contributions
 
5,899

 
2,021

 
18,187

 
17,192

Plan participants' contributions
 

 

 
61

 
68

Settlements/curtailments
 

 

 
(3,241
)
 
(1,527
)
Benefits paid
 
(15,171
)
 
(17,555
)
 
(39,800
)
 
(31,485
)
Effect of foreign currency
 

 

 
67,631

 
(112,498
)
Fair value of plan assets at end of year
 
$
229,941

 
$
205,271

 
$
842,717

 
$
732,743

 
 
 
 
 
 
 
 
 
Funded status at end of year
 
$
(84,920
)
 
$
(100,381
)
 
$
(172,869
)
 
$
(219,617
)
Schedule of Amounts Recognized in Balance Sheet
Amounts recognized on the Consolidated Balance Sheets for defined benefit pension plans consist of the following at December 31, 2017 and 2016:
 
 
U.S. Plans
 
International Plans
 
 
December 31
 
December 31
(In thousands)
 
2017
 
2016
 
2017
 
2016
Noncurrent assets
 
$
1,860

 
$
668

 
$
1,820

 
$
1,118

Current liabilities
 
2,237

 
2,278

 
625

 
505

Noncurrent liabilities
 
84,543

 
98,771

 
174,064

 
220,230

Accumulated other comprehensive loss before tax
 
146,341

 
161,075

 
427,127

 
434,868

Schedule of Net Periodic Benefit Cost Not yet Recognized
Amounts recognized in Accumulated other comprehensive loss, before tax, for defined benefit pension plans consist of the following at December 31, 2017 and 2016:
 
 
U.S. Plans
 
International Plans
(In thousands)
 
2017
 
2016
 
2017
 
2016
Net actuarial loss
 
$
146,340

 
$
161,042

 
$
430,377

 
$
433,626

Prior service cost (credit)
 
1

 
33

 
(3,250
)
 
1,242

Total
 
$
146,341

 
$
161,075

 
$
427,127

 
$
434,868

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year
The estimated amounts that will be amortized from Accumulated other comprehensive loss into defined benefit pension plan NPPC in 2018 are as follows:
(In thousands)
 
U.S. Plans
 
International  Plans
Net actuarial loss
 
$
5,203

 
$
15,186

Prior service cost (credit)
 
1

 
(149
)
Total
 
$
5,204

 
$
15,037

Schedule of Expected Benefit Payments
The expected benefit payments for defined benefit pension plans over the next ten years are as follows:
(In millions)
 
2018
 
2019
 
2020
 
2021
 
2022
 
2023-2027
U.S. Plans
 
$
20.2

 
$
19.3

 
$
19.2

 
$
19.2

 
$
19.3

 
$
94.1

International Plans
 
40.1

 
41.2

 
42.7

 
44.5

 
45.2

 
247.9

Schedule of Assumptions Used
The weighted-average actuarial assumptions used to determine the defined benefit pension plan NPPC for 2017, 2016 and 2015 were as follows:
 
 
U.S. Plans
December 31
 
International Plans
December 31
 
Global Weighted-Average
December 31
 
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
Discount rates
 
4.0
%
 
4.2
%
 
3.9
%
 
2.8
%
 
3.8
%
 
3.7
%
 
3.1
%
 
3.9
%
 
3.7
%
Expected long-term rates of return on plan assets
 
7.3
%
 
7.3
%
 
7.5
%
 
5.9
%
 
6.5
%
 
6.8
%
 
6.2
%
 
6.7
%
 
7.0
%
The weighted-average actuarial assumptions used to determine the defined benefit pension plan obligations at
December 31, 2017 and 2016 were as follows:
 
 
U.S. Plans
 
International Plans
 
Global Weighted-Average
 
 
December 31
 
December 31
 
December 31
 
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Discount rates
 
3.5
%
 
4.0
%
 
2.6
%
 
2.8
%
 
2.8
%
 
3.1
%
Schedule of Accumulated Benefit Obligations
The accumulated benefit obligation for all defined benefit pension plans at December 31, 2017 and 2016 was as follows:
 
 
U.S. Plans
 
International Plans
 
 
December 31
 
December 31
(In millions)
 
2017
 
2016
 
2017
 
2016
Accumulated benefit obligation
 
$
314.9

 
$
305.7

 
$
1,010.6

 
$
946.3

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for defined benefit pension plans with accumulated benefit obligations in excess of plan assets at December 31, 2017 and 2016 were as follows:
 
 
U.S. Plans
 
International Plans
 
 
December 31
 
December 31
(In millions)
 
2017
 
2016
 
2017
 
2016
Projected benefit obligation
 
$
306.0

 
$
296.7

 
$
986.6

 
$
913.0

Accumulated benefit obligation
 
306.0

 
296.7

 
981.9

 
910.0

Fair value of plan assets
 
219.2

 
195.6

 
812.0

 
694.9

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
 
 
 
 
 
U.S. Plans | Pension Plan  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Allocation of Plan Assets
The asset allocations attributable to the Company's U.S. defined benefit pension plans at December 31, 2017 and 2016, and the long-term target allocation of plan assets, by asset category, are as follows:
 
 
Target  Long-Term
Allocation
 
Percentage of Plan Assets
December 31
U.S. Plans Asset Category
 
 
2017
 
2016
Domestic equity securities
 
34%-44%
 
38.6
%
 
39.7
%
International equity securities
 
19%-29%
 
24.5
%
 
18.5
%
Fixed income securities
 
28%-38%
 
30.9
%
 
30.9
%
Cash and cash equivalents
 
Less than 5%
 
1.0
%
 
1.0
%
Other (a)
 
0%-10%
 
5.0
%
 
9.9
%
The fair values of the Company's U.S. defined benefit pension plans' assets at December 31, 2016 by asset class are as follows:
(In thousands)
 
Total
 
Level 1
 
Level 2
Domestic equities:
 
 
 
 
 
 
Common stocks
 
$
27,339

 
$
27,339

 
$

Mutual funds—equities
 
54,102

 
9,928

 
44,174

International equities:
 
 
 
 
 
 
Mutual funds—equities
 
37,948

 
37,948

 

Fixed income investments:
 
 
 
 
 
 
U.S. Treasuries and collateralized securities
 
14,240

 

 
14,240

Corporate bonds and notes
 
11,457

 
11,457

 

Mutual funds—bonds
 
37,745

 
11,927

 
25,818

Other—mutual funds
 
20,346

 
20,346

 

Cash and money market accounts
 
2,094

 
2,094

 

Total
 
$
205,271

 
$
121,039

 
$
84,232

The fair values of the Company's U.S. defined benefit pension plans' assets at December 31, 2017 by asset class are as follows:
(In thousands)
 
Total
 
Level 1
 
Level 2
Domestic equities:
 
 
 
 
 
 
Common stocks
 
$
28,200

 
$
28,200

 
$

Mutual funds—equities
 
60,785

 
11,062

 
49,723

International equities:
 


 
 
 
 
Common stocks
 
1,429

 
1,429

 

Mutual funds—equities
 
54,879

 
54,879

 

Fixed income investments:
 

 
 
 
 
U.S. Treasuries and collateralized securities
 
18,407

 

 
18,407

Corporate bonds and notes
 
10,878

 
10,878

 

Mutual funds—bonds
 
41,745

 
12,184

 
29,561

Other—mutual funds
 
11,336

 
11,336

 

Cash and money market accounts
 
2,282

 
2,282

 

Total
 
$
229,941

 
$
132,250

 
$
97,691

International Plans | Pension Plan  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Allocation of Plan Assets
The fair values of the Company's international defined benefit pension plans' assets at December 31, 2016 by asset class are as follows:
(In thousands)
 
Total
 
Level 1
 
Level 2
Equity securities:
 
 
 
 
 
 
Mutual funds—equities
 
$
272,070

 
$

 
$
272,070

Fixed income investments:
 
 
 
 
 
 
Mutual funds—bonds
 
314,098

 

 
314,098

Insurance contracts
 
7,657

 


 
7,657

Other:
 

 
 
 
 
Real estate funds / limited partnerships
 
23,714

 

 
23,714

Other mutual funds
 
113,345

 

 
113,345

Cash and money market accounts
 
1,859

 
1,859

 

Total
 
$
732,743

 
$
1,859

 
$
730,884

The fair values of the Company's international defined benefit pension plans' assets at December 31, 2017 by asset class are as follows:
(In thousands)
 
Total
 
Level 1
 
Level 2
Equity securities:
 
 
 
 
 
 
Mutual funds—equities
 
$
328,002

 
$

 
$
328,002

Fixed income investments:
 

 
 
 
 
Mutual funds—bonds
 
369,291

 

 
369,291

Insurance contracts
 
6,189

 

 
6,189

Other:
 

 
 
 
 
Other mutual funds
 
136,843

 

 
136,843

Cash and money market accounts
 
2,392

 
2,392

 

Total
 
$
842,717

 
$
2,392

 
$
840,325

The asset allocations attributable to the Company's international defined benefit pension plans at December 31, 2017 and 2016 and the long-term target allocation of plan assets, by asset category, are as follows:
International Plans Asset Category
 
Target Long-Term
Allocation
 
Percentage of Plan Assets
December 31
 
 
2017
 
2016
Equity securities
 
29.0
%
 
38.9
%
 
37.1
%
Fixed income securities
 
50.0
%
 
44.6
%
 
43.9
%
Cash and cash equivalents
 

 
0.3
%
 
0.3
%
Other (b)
 
21.0
%
 
16.2
%
 
18.7
%

(b) Investments within this caption include diversified growth funds, real estate funds and infrastructure funds.