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Pensions And Other Benefit Programs (Tables)

12 Months Ended

Dec. 31, 2014

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule Of Amounts Recognized In Assets And Liabilities


Amounts recognized in assets and (liabilities) at year end consist of:
	Pension Benefits		Retiree Health and Life Insurance Benefits
	2014	2013	2014	2013
Prepaid pension costs	-	$ 166.5	-	-
Accounts payable and accrued expenses	($4.0)	(3.9)	($19.9)	($24.0)
Postretirement benefit liabilities	-	-	(201.5)	(234.2)
Pension benefit liabilities	(79.6)	(52.3)	-	-
Net amount recognized	($83.6)	$ 110.3	($221.4)	($258.2)

Schedule Of Amounts In Accumulated Other Comprehensive Income (Loss) At Year End


Pre-tax amounts recognized in accumulated other comprehensive (loss) income at year end consist of:
	Pension Benefits		Retiree Health and Life Insurance Benefits
	2014	2013	2014	2013
Net actuarial (loss) gain	($804.3)	($609.4)	$ 77.4	$ 54.1
Prior service (cost) credit	(5.8)	(7.7)	1.2	1.8
Accumulated other comprehensive (loss) income	($810.1)	($617.1)	$ 78.6	$ 55.9

U.S. Defined-Benefit Plans [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule Of Net Funded Status



	2014	2013
U.S. defined-benefit pension plans
Change in benefit obligation:
Benefit obligation as of beginning of period	$ 1,868.1	$ 2,092.9
Service cost	14.4	16.9
Interest cost	85.7	79.7
Actuarial loss (gain)	287.0	(159.4)
Benefits paid	(185.3)	(162.0)
Benefit obligation as of end of period	$ 2,069.9	$ 1,868.1


	2014	2013
Change in plan assets:
Fair value of plan assets as of beginning of period	$ 1,978.4	$ 2,072.6
Actual return on plan assets	188.9	63.9
Employer contribution	4.3	3.9
Benefits paid	(185.3)	(162.0)
Fair value of plan assets as of end of period	$ 1,986.3	$ 1,978.4

Funded status of the plans	($83.6)	$ 110.3

Schedule Of Assumptions Used


	2014	2013
U.S. defined-benefit pension plans
Weighted-average assumptions used to determine benefit obligations at end of period:
Discount rate	4.05%	4.75%
Rate of compensation increase	3.10%	3.10%

Weighted-average assumptions used to determine net periodic benefit cost for the period:
Discount rate	4.75%	3.95%
Expected return on plan assets	7.00%	6.25%
Rate of compensation increase	3.10%	3.10%

Schedule Of Benefit Obligations In Excess Of Assets

Schedule Of Periodic Benefit Costs (Credits)


The components of the pension credit are as follows:
	2014	2013	2012
U.S. defined-benefit pension plans
Service cost of benefits earned during the period	$ 14.4	$ 16.9	$ 15.7
Interest cost on projected benefit obligation	85.7	79.7	90.7
Expected return on plan assets	(139.3)	(136.5)	(140.0)
Amortization of prior service cost	1.9	1.9	1.9
Recognized net actuarial loss	42.4	40.9	23.4
Net periodic pension cost (credit)	$ 5.1	$ 2.9	($8.3)

Schedule Of Defined Asset Allocation



	Target Weight at	Position at December 31,
Asset Class	December 31, 2014	2014	2013
Long duration bonds	59%	58%	56%
Equities	29%	27%	29%
High yield bonds and real assets	8%	8%	8%
Real estate and private equity	4%	4%	6%
Other fixed income	0%	3%	1%

Schedule Of Fair Value Of Plan Assets



	Value at December 31, 2014
Description	Level 1	Level 2	Level 3	Total
Long duration bonds	-	$ 1,142.5	-	$ 1,142.5
Domestic equity	$ 275.0	15.8	-	290.8
International equity	196.9	25.2	-	222.1
Global equity	-	38.7	-	38.7
High yield bonds	-	95.6	-	95.6
Real estate	-	-	$ 77.9	77.9
Real assets	-	31.2	-	31.2
Other investments	-	-	5.6	5.6
Short term investments and other, net	14.2	67.7	-	81.9
Net assets	$ 486.1	$ 1,416.7	$ 83.5	$ 1,986.3


	Value at December 31, 2013
Description	Level 1	Level 2	Level 3	Total
Long duration bonds	-	$ 1,112.0	$ 0.2	$ 1,112.2
Domestic equity	$ 263.0	22.0	-	285.0
International equity	193.5	69.0	-	262.5
Global equity	-	42.5	-	42.5
High yield bonds	-	80.7	-	80.7
Real estate	-	-	109.8	109.8
Real assets	-	33.0	-	33.0
Other investments	-	-	5.5	5.5
Short term investments and other, net	9.9	37.3	-	47.2
Net assets	$ 466.4	$ 1,396.5	$ 115.5	$ 1,978.4

Schedule Of Changes In Level 3 Plan Assets


	Level 3 Assets Gains and Losses
	Real Estate	Other Investments	Long Duration Bonds	Total
December 31, 2012	$ 103.3	$ 5.5	$ 0.9	$ 109.7
Realized gain	0.7	-	-	0.7
Unrealized gain (loss)	10.8	(0.2)	-	10.6
Purchases	3.6	0.5	0.2	4.3
Sales	(8.6)	(0.1)	(0.9)	(9.6)
Settlements	-	(0.2)	-	(0.2)
December 31, 2013	$ 109.8	$ 5.5	$ 0.2	$ 115.5
Realized gain	10.0	-	-	10.0
Unrealized (loss)	(0.3)	(0.1)	-	(0.4)
Purchases	-	0.4	-	0.4
Sales	(41.6)	-	(0.2)	(41.8)
Settlements	-	(0.2)	-	(0.2)
December 31, 2014	$ 77.9	$ 5.6	-	$ 83.5

U.S. Retiree Health And Life Insurance Benefits [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule Of Net Funded Status



	2014	2013
U.S. defined-benefit retiree health and life insurance plans
Change in benefit obligation:
Benefit obligation as of beginning of period	$ 258.2	$ 271.8
Service cost	0.9	1.2
Interest cost	10.9	9.7
Plan participants' contributions	5.4	5.9
Plan amendments	-	(0.2)
Effect of settlements	-	(0.1)
Actuarial (gain)	(27.9)	(2.0)
Benefits paid, gross	(26.6)	(28.3)
Medicare subsidy receipts	0.5	0.2
Benefit obligation as of end of period	$ 221.4	$ 258.2


	2014	2013
Change in plan assets:
Fair value of plan assets as of beginning of period	-	-
Employer contribution	$ 20.7	$ 22.2
Plan participants' contributions	5.4	5.9
Benefits paid, gross	(26.6)	(28.3)
Medicare subsidy receipts	0.5	0.2
Fair value of plan assets as of end of period	$ -	$ -

Funded status of the plans	($221.4)	($258.2)

Schedule Of Assumptions Used

Schedule Of Periodic Benefit Costs (Credits)


The components of postretirement benefits costs are as follows:
	2014	2013	2012
U.S. defined-benefit retiree health and life insurance plans
Service cost of benefits earned during the period	$ 0.9	$ 1.2	$ 1.2
Interest cost on accumulated postretirement benefit obligation	10.9	9.7	12.3
Amortization of prior service cost	(0.6)	(0.6)	(0.6)
Amortization of net actuarial gain	(4.2)	(3.5)	(7.5)
Net periodic postretirement benefit cost	$ 7.0	$ 6.8	$ 5.4

Schedule Of Effect Of One-Percentage-Point Change In Assumed Health Care Cost Trend Rates



	One percentage point
	Increase	Decrease
U.S. retiree health and life insurance benefits plans
Effect on total service and interest cost components	$ 0.1	-
Effect on postretirement benefit obligation	0.6	($0.5)

Schedule Of Expected Benefit Payments



	Pension Benefits	Retiree Health and Life Insurance Benefits, Gross	Retiree Health Medicare Subsidy Receipts
2015	$ 129.1	$ 20.4	($0.5)
2016	130.8	20.1	(0.5)
2017	131.4	19.6	(0.6)
2018	132.6	17.7	(0.6)
2019	134.6	17.2	(0.6)
2020 - 2024	672.5	74.9	(3.8)

Non-U.S. Defined-Benefit Pension Plans [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule Of Net Funded Status



	2014	2013
Non-U.S. defined-benefit pension plans
Change in benefit obligation:
Benefit obligation as of beginning of period	$ 251.8	$ 252.1
Service cost	2.5	2.4
Interest cost	10.5	9.8
Plan participants' contributions	0.1	0.2
Plan amendments	0.7	0.5
Foreign currency translation adjustment	(20.0)	2.9
Effects of plan settlements and curtailments	-	(5.6)
Actuarial loss	28.9	1.1
Benefits paid	(13.1)	(11.6)
Benefit obligation as of end of period	$ 261.4	$ 251.8


	2014	2013
Change in plan assets:
Fair value of plan assets as of beginning of period	$ 219.9	$ 202.0
Actual return on plan assets	37.0	14.9
Employer contribution	4.5	12.1
Plan participants' contributions	0.1	0.2
Foreign currency translation adjustment	(16.0)	2.3
Benefits paid	(13.1)	(11.6)
Fair value of plan assets as of end of period	$ 232.4	$ 219.9

Funded status of the plans	($29.0)	($31.9)

Schedule Of Assumptions Used


	2014	2013
Non-U.S. defined-benefit pension plans
Weighted-average assumptions used to determine benefit obligations at end of period:
Discount rate	3.40%	4.30%
Rate of compensation increase	2.60%	2.80%

Weighted-average assumptions used to determine net periodic benefit cost for the period:
Discount rate	4.30%	4.10%
Expected return on plan assets	5.50%	5.20%
Rate of compensation increase	2.80%	2.50%

Schedule Of Benefit Obligations In Excess Of Assets

Schedule Of Periodic Benefit Costs (Credits)


The components of the pension cost are as follows:
	2014	2013	2012
Non-U.S. defined-benefit pension plans
Service cost of benefits earned during the period	$ 2.5	$ 2.4	$ 1.6
Interest cost on projected benefit obligation	10.5	9.8	10.2
Expected return on plan assets	(11.5)	(9.6)	(10.2)
Amortization of prior service cost	-	0.5	-
Amortization of net actuarial loss	2.1	2.7	1.4
Net periodic pension cost	$ 3.6	$ 5.8	$ 3.0

Schedule Of Defined Asset Allocation



	Target Weight at	Position at December 31,
Asset Class	December 31, 2014	2014	2013
Long duration bonds	48%	49%	45%
Equities	40%	40%	44%
Real estate	9%	6%	7%
Other	3%	5%	4%

Schedule Of Fair Value Of Plan Assets



	Value at December 31, 2014
Description	Level 1	Level 2	Level 3	Total
Bonds	-	$ 114.5	-	$ 114.5
Equities	-	92.5	-	92.5
Real estate	-	14.1	-	14.1
Other investments	-	-	$ 5.6	5.6
Cash and other short term investments	$ 5.7	-	-	5.7
Net assets	$ 5.7	$ 221.1	$ 5.6	$ 232.4


	Value at December 31, 2013
Description	Level 1	Level 2	Level 3	Total
Bonds	-	$ 97.8	-	$ 97.8
Equities	-	96.7	-	96.7
Real estate	-	15.5	-	15.5
Real assets	-	0.2	-	0.2
Other investments	-	0.5	$ 6.4	6.9
Cash and other short term investments	$ 2.8	-	-	2.8
Net assets	$ 2.8	$ 210.7	$ 6.4	$ 219.9

Schedule Of Amounts Recognized In Assets And Liabilities


Amounts recognized in the consolidated balance sheets consist of:
	2014	2013
Prepaid pension costs	$ 7.4	$ 0.5
Accounts payable and accrued expenses	(0.5)	(0.8)
Pension benefit liabilities	(35.9)	(31.6)
Net amount recognized	($29.0)	($31.9)

Schedule Of Amounts In Accumulated Other Comprehensive Income (Loss) At Year End


Pre-tax amounts recognized in accumulated other comprehensive (loss) at year end consist of:
	2014	2013
Net actuarial (loss)	($33.2)	($34.2)
Net prior service (costs)	($0.7)	-
Accumulated other comprehensive (loss)	($33.9)	($34.2)

Schedule Of Expected Benefit Payments



		Pension Benefits
2015		$ 10.2
2016		10.1
2017		10.0
2018		10.2
2019		10.8
2020 - 2024		61.3

U.S. pension plans with benefit obligations in excess of assets

Projected benefit obligation, December 31

Accumulated benefit obligation, December 31

Fair value of plan assets, December 31