PENSION PLANS (Tables)

12 Months Ended

Dec. 31, 2011

PENSION PLANS [Abstract]

Changes in benefit obligation and plan assets

Changes in the benefit obligation and plan assets were as follows:

	December 31, 2011										December 31, 2010
	($ in millions)										($ in millions)
Change in Benefit Obligation		U.S.			Foreign			Total				U.S.			Foreign			Total
Benefit obligation at beginning of year		$	1,790.0		$	55.6		$	1,845.6				1,727.3		$	50.2		$	1,777.5
Service cost			2.9			0.6			3.5				2.8			0.7			3.5
Interest cost			91.2			3.0			94.2				95.5			3.1			98.6
Actuarial loss			126.2			10.1			136.3				86.9			5.2			92.1
Benefits paid			(126.5	)		(3.3	)		(129.8	)			(125.3	)		(6.6	)		(131.9	)
Curtailment			1.1			-			1.1				2.8			-			2.8
Currency translation adjustments			-			(1.5	)		(1.5	)			-			3.0			3.0
Benefit obligation at end of year		$	1,884.9		$	64.5		$	1,949.4			$	1,790.0		$	55.6		$	1,845.6
	December 31, 2011										December 31, 2010
	($ in millions)										($ in millions)
Change in Plan Assets		U.S.			Foreign			Total				U.S.			Foreign			Total
Fair value of plans' assets at beginning of year		$	1,734.9		$	65.5		$	1,800.4			$	1,670.6		$	51.4		$	1,722.0
Actual return on plans' assets			229.6			2.5			232.1				185.6			7.4			193.0
Employer contributions			4.6			1.1			5.7				4.0			10.0			14.0
Benefits paid			(126.5	)		(3.3	)		(129.8	)			(125.3	)		(6.6	)		(131.9	)
Currency translation adjustments			-			(1.5	)		(1.5	)			-			3.3			3.3
Fair value of plans' assets at end of year		$	1,842.6		$	64.3		$	1,906.9			$	1,734.9		$	65.5		$	1,800.4
	December 31, 2011										December 31, 2010
	($ in millions)										($ in millions)
Funded Status		U.S.			Foreign			Total				U.S.			Foreign			Total
Qualified plans		$	17.4		$	1.8		$	19.2			$	4.6		$	11.7		$	16.3
Non-qualified plans			(59.7	)		(2.0	)		(61.7	)			(59.7	)		(1.8	)		(61.5	)
Total funded status		$	(42.3	)	$	(0.2	)	$	(42.5	)		$	(55.1	)	$	9.9		$	(45.2	)

Amounts recognized in consolidated balance sheets

Amounts recognized in the consolidated balance sheets consisted of:

	December 31, 2011										December 31, 2010
	($ in millions)										($ in millions)
		U.S.			Foreign			Total				U.S.			Foreign			Total
Prepaid benefit cost		$	17.4		$	1.8		$	19.2			$	4.6		$	11.7		$	16.3
Accrued benefit in current liabilities			(3.9	)		(0.2	)		(4.1	)			(4.1	)		(0.1	)		(4.2	)
Accrued benefit in noncurrent liabilities			(55.8	)		(1.8	)		(57.6	)			(55.6	)		(1.7	)		(57.3	)
Accumulated other comprehensive loss			415.4			19.8			435.2				401.9			8.2			410.1
Net balance sheet impact		$	373.1		$	19.6		$	392.7			$	346.8		$	18.1		$	364.9

Schedule of projected and accumulated benefit obligation, and fair value of plan assets

	December 31,
	2011		2010
	($ in millions)
Projected benefit obligation	$	1,949.4	$	1,845.6
Accumulated benefit obligation		1,941.2		1,831.9
Fair value of plan assets		1,906.9		1,800.4

Components of net periodic benefit income (loss)

Components of Net Periodic Benefit Income	2011			2010			2009
	($ in millions)
Service cost	$	6.1		$	6.0		$	5.8
Interest cost		94.2			98.6			103.0
Expected return on plans' assets		(139.5	)		(138.8	)		(135.5	)
Amortization of prior service cost		0.8			0.7			0.7
Recognized actuarial loss		14.8			12.6			9.3
Curtailments		1.1			3.2			-
Net periodic benefit income	$	(22.5	)	$	(17.7	)	$	(16.7	)
Included in Other Comprehensive Loss (Pretax)
Liability adjustment	$	41.8		$	38.7		$	35.0
Amortization of prior service costs and actuarial losses		(16.7	)		(16.5	)		(10.0	)

Assumptions used in calculations

	U.S. Pension Benefits									Foreign Pension Benefits
Weighted Average Assumptions:	2011			2010			2009			2011			2010			2009
Discount rate-periodic benefit cost		5.3	%		5.75	%		6.25	%		5.5	%		6.5	%		7.5	%
Expected return on assets		8.25	%		8.50	%		8.50	%		8.0	%		7.5	%		7.5	%
Rate of compensation increase		3.0	%		3.0	%		3.0	%		3.5	%		3.5	%		3.5	%
Discount rate-benefit obligation		4.9	%		5.3	%		5.75	%		4.4	%		5.5	%		6.5	%

Rate of returns by asset class considered in setting long-term rate of return assumption

The following rates of return by asset class were considered in setting the long-term rate of return assumption:

U.S. equities	9	%	to	13	%
Non-U.S. equities	10	%	to	14	%
Fixed income/cash	5	%	to	9	%
Alternative investments	5	%	to	15	%
Absolute return strategies	8	%	to	12	%

Pension plan asset allocation by asset class

Our pension plan asset allocation at December 31, 2011 and 2010, by asset class was as follows:

	Percentage of Plan Assets
Asset Class	2011			2010
U.S. equities		5	%		5	%
Non-U.S. equities		8	%		10	%
Fixed income/cash		56	%		49	%
Alternative investments		16	%		16	%
Absolute return strategies		15	%		20	%
Total		100	%		100	%

Target allocation and ranges

As of December 31, 2011, the following target allocation and ranges have been set for each asset class:

Asset Class	Target Allocation		Target Range
U.S. equities	7.5	%	0-14	%
Non-U.S. equities	7.5	%	0-14	%
Fixed income/cash	56	%	44-76	%
Alternative investments	9	%	0-28	%
Absolute return strategies	20	%	10-30	%

Domestic and foreign defined benefit pension plan assets measured at fair value

The following table summarizes our domestic and foreign defined benefit pension plan assets measured at fair value as of December 31, 2011:

Asset class	Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	($ in millions)
Equity securities
U.S. equities	$	78.8	$	14.9	$	-	$	93.7
Non-U.S. equities		51.4		107.6		-		159.0
Fixed income / cash
Cash		50.1		-		-		50.1
Government treasuries		-		476.2		5.5		481.7
Corporate debt instruments		3.1		395.5		2.9		401.5
Asset-backed securities		-		122.2		-		122.2
Alternative investments
Hedge fund of funds		-		-		258.3		258.3
Real estate funds		-		-		33.9		33.9
Private equity funds		-		-		16.8		16.8
Absolute return strategies		-		254.5		35.2		289.7
Total assets	$	183.4	$	1,370.9	$	352.6	$	1,906.9

The following table summarizes our domestic and foreign defined benefit pension plan assets measured at fair value as of December 31, 2010:

Asset class	Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	($ in millions)
Equity securities
U.S. equities	$	53.4	$	46.7	$	-	$	100.1
Non-U.S. equities		-		172.0		-		172.0
Fixed income / cash
Cash		43.3		-		-		43.3
Government treasuries		-		296.2		5.5		301.7
Corporate debt instruments		1.7		407.7		2.2		411.6
Asset-backed securities		-		119.2		-		119.2
Alternative investments
Hedge fund of funds		-		-		251.6		251.6
Real estate funds		-		-		23.8		23.8
Private equity funds		-		-		15.7		15.7
Absolute return strategies		-		307.5		53.9		361.4
Total assets	$	98.4	$	1,349.3	$	352.7	$	1,800.4

Summary of activity for defined benefit plan with significant unobservable inputs

The following table summarizes the activity for our defined benefit pension plans level 3 assets for the year ended December 31, 2011:

	December 31, 2010		Realized Gain/(Loss)		Unrealized Gain/(Loss) Relating to Assets Held at Period End			Purchases, Sales, and Settlements			Transfers In/(Out)		December 31, 2011
	($ in millions)
Fixed income / cash
Government treasuries	$	5.5	$	-	$	(0.2	)	$	0.2		$	-	$	5.5
Corporate debt instruments		2.2		0.3		(0.6	)		1.0			-		2.9
Alternative investments
Hedge fund of funds		251.6		-		6.7			-			-		258.3
Real estate funds		23.8		-		3.7			6.4			-		33.9
Private equity funds		15.7		-		1.1			-			-		16.8
Absolute return strategies		53.9		-		0.6			(19.3	)		-		35.2
Total level 3 assets	$	352.7	$	0.3	$	11.3		$	(11.7	)	$	-	$	352.6

The following table summarizes the activity for our defined benefit pension plans level 3 assets for the year ended December 31, 2010:

	December 31, 2009		Realized Gain/(Loss)		Unrealized Gain/(Loss) Relating to Assets Held at Period End			Purchases, Sales, and Settlements		Transfers In/(Out)			December 31, 2010
	($ in millions)
Fixed income / cash
Government treasuries	$	2.0	$	-	$	0.3		$	3.2	$	-		$	5.5
Corporate debt instruments		2.2		-		0.2			0.1		(0.3	)		2.2
Asset-backed securities		0.2		-		-			-		(0.2	)		-
Alternative investments
Hedge fund of funds		225.5		-		24.1			2.0		-			251.6
Real estate funds		22.3		-		(6.0	)		7.5		-			23.8
Private equity funds		12.9		0.1		0.7			2.0		-			15.7
Absolute return strategies		51.0		-		1.7			1.2		-			53.9
Total level 3 assets	$	316.1	$	0.1	$	21.0		$	16.0	$	(0.5	)	$	352.7