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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Summary Of Pension Obligations And Funded Status
A summary of our pension obligations and funded status as of December 31 is as follows:
 
2016
 
2015
 
2014
Change in Benefit Obligation
 
 
 
 
 
Benefit obligation, beginning of period
$
290.3

 
$
343.0

 
$
287.0

Service cost
4.4

 
4.3

 
3.0

Interest cost
11.3

 
12.6

 
12.9

Plan participants’ contributions
.7

 
.7

 
.6

Actuarial loss (gain)
9.8

 
(17.4
)
 
58.1

Benefits paid
(19.1
)
 
(13.9
)
 
(15.6
)
Settlements

 
(35.7
)
 

Foreign currency exchange rate changes
(4.4
)
 
(3.3
)
 
(3.0
)
Benefit obligation, end of period
293.0

 
290.3

 
343.0

Change in Plan Assets
 
 
 
 
 
Fair value of plan assets, beginning of period
207.5

 
258.9

 
248.0

Actual return on plan assets
18.9

 
(1.7
)
 
23.9

Employer contributions
9.8

 
1.8

 
4.1

Plan participants’ contributions
.7

 
.7

 
.6

Benefits paid
(19.1
)
 
(13.9
)
 
(15.6
)
Settlements

 
(35.7
)
 

Foreign currency exchange rate changes
(3.7
)
 
(2.6
)
 
(2.1
)
Fair value of plan assets, end of period
214.1

 
207.5

 
258.9

Net funded status
$
(78.9
)
 
$
(82.8
)
 
$
(84.1
)
Funded status recognized in the Consolidated Balance Sheets
 
 
 
 
 
Other assets—sundry
$
1.1

 
$
1.3

 
$

Other current liabilities
(.4
)
 
(.4
)
 
(.4
)
Other long-term liabilities
(79.6
)
 
(83.7
)
 
(83.7
)
Net funded status
$
(78.9
)
 
$
(82.8
)
 
$
(84.1
)
Schedule Of Accumulated And Projected Benefit Obligation Information
Accumulated and projected benefit obligation information at December 31 is recapped below:
 
2016
 
2015
 
2014
Aggregated plans with accumulated benefit obligations in excess of plan assets:
 
 
 
 
 
Projected benefit obligation
$
281.7

 
$
274.7

 
$
343.0

Accumulated benefit obligation
277.5

 
271.5

 
338.5

Fair value of plan assets
202.1

 
190.8

 
258.9

Aggregated plans with projected benefit obligations in excess of plan assets:
 
 
 
 
 
Projected benefit obligation
285.3

 
277.8

 
343.0

Fair value of plan assets
205.3

 
193.7

 
258.9

Accumulated benefit obligation for all defined benefit plans
280.5

 
274.3

 
338.5

Schedule Of Unfunded Supplemental Executive Retirement Plan
Included in the above plans is a subsidiary’s unfunded supplemental executive retirement plan. This is a non-qualified plan, and these benefits are secured by insurance policies that are not included in the plan’s assets. Cash surrender values associated with these policies at December 31 were as follows:
 
2016
 
2015
 
2014
Cash surrender values
$
2.4

 
$
2.3

 
$
2.2

Schedule Of Accumulated Other Comprehensive Income
Amounts and activity included in accumulated other comprehensive income associated with pensions are reflected below:
 
December 31,
2015
 
2016
Amortization
 
2016
Net
Actuarial
loss
 
2016
Foreign
currency
exchange
rates
change
 
2016
Income
taxes
change
 
December 31,
2016
Net loss (gain) (before tax)
$
92.1

 
$
(4.5
)
 
$
3.8

 
$
(.8
)
 
$

 
$
90.6

Deferred income taxes
(34.0
)
 

 

 

 
.6

 
(33.4
)
Accumulated other comprehensive income (net of tax)
$
58.1

 
$
(4.5
)
 
$
3.8

 
$
(.8
)
 
$
.6

 
$
57.2

Summary Of Accumulated Other Comprehensive Income Recognized In Net Periodic Pension Cost
Of the amounts in accumulated other comprehensive income as of December 31, 2016, the portions expected to be recognized as components of net periodic pension cost in 2017 are as follows:
 
Net loss
$
4.5


Components Of Net Pension (Expense) Income
Components of net pension (expense) income for the years ended December 31 were as follows:
 
2016
 
2015
 
2014
Service cost
$
(4.4
)
 
$
(4.3
)
 
$
(3.0
)
Interest cost
(11.3
)
 
(12.6
)
 
(12.9
)
Expected return on plan assets
12.9

 
16.5

 
15.9

Amortization of prior service cost

 

 
(.3
)
Recognized net actuarial loss
(4.5
)
 
(5.2
)
 
(2.8
)
       Settlements

 
(12.1
)
 

Net pension (expense) income
$
(7.3
)
 
$
(17.7
)
 
$
(3.1
)
Weighted average assumptions for pension costs:
 
 
 
 
 
Discount rate used in net pension costs
4.1
%
 
3.8
%
 
4.6
%
Rate of compensation increase used in pension costs
3.5
%
 
3.5
%
 
3.8
%
Expected return on plan assets
6.5
%
 
6.6
%
 
6.7
%
Weighted average assumptions for benefit obligation:
 
 
 
 
 
Discount rate used in benefit obligation
3.8
%
 
4.1
%
 
3.8
%
Rate of compensation increase used in benefit obligation
3.5
%
 
3.5
%
 
3.5
%
Schedule Of Fair Value Of Pension Plan Assets
Presented below are our major categories of investments for the periods presented:
 
Year Ended December 31, 2016
 
Year Ended December 31, 2015
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Mutual and pooled funds
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed income
$
46.4

 
$

 
$

 
$
46.4

 
$
54.0

 
$

 
$

 
$
54.0

Equities
120.6

 

 

 
120.6

 
110.1

 

 

 
110.1

Stable value funds

 
35.1

 

 
35.1

 

 
37.9

 

 
37.9

Money market funds, cash and other
12.0

 

 

 
12.0

 
5.5

 

 

 
5.5

Total investments at fair value
$
179.0

 
$
35.1

 
$

 
$
214.1

 
$
169.6

 
$
37.9

 
$

 
$
207.5

Schedule of Allocation of Plan Assets
 
Plan assets are invested in diversified portfolios of equity, debt and government securities, as well as a stable value fund. The aggregate allocation of these investments is as follows:
 
2016
 
2015
Asset Category
 
 
 
Equity securities
56
%
 
53
%
Debt securities
22

 
26

Stable value funds
16

 
18

Other, including cash
6

 
3

Total
100
%
 
100
%

Schedule Of Estimated Benefit Payments
Estimated benefit payments, expected over the next ten years are as follows:
2017
$
16.2

2018
16.2

2019
16.1

2020
16.1

2021
16.3

2022-2026
84.1

Schedule of Costs of Retirement Plans
Total expense from continuing operations for defined contribution plans was as follows: 
 
2016
 
2015
 
2014
Defined contribution plans
$
6.1

 
$
6.8

 
$
7.3