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Pension and Postretirement Benefits (Tables)
6 Months Ended
Jun. 30, 2017
Pension Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Components of Net Periodic Benefit Expense
Net periodic pension expense for the three and six months ended June 30, 2017 and 2016 is presented below:
 
 
 
Three Months Ended
June 30, 2017
 
Three Months Ended
June 30, 2016
 
 
Total
 
U.S.
Plans
 
Int’l.
Plans
 
Total
 
U.S.
Plans
 
Int’l.
Plans
Service cost
 
$
1.6

 
$

 
$
1.6

 
$
2.1

 
$

 
$
2.1

Interest cost
 
70.9

 
53.2

 
17.7

 
81.4

 
58.1

 
23.3

Expected return on plan assets
 
(90.1
)
 
(58.8
)
 
(31.3
)
 
(100.0
)
 
(63.2
)
 
(36.8
)
Amortization of prior service benefit
 
(1.2
)
 
(0.7
)
 
(0.5
)
 
(1.4
)
 
(0.7
)
 
(0.7
)
Recognized net actuarial loss
 
45.3

 
32.3

 
13.0

 
39.4

 
29.3

 
10.1

Curtailment gain
 
(5.2
)
 

 
(5.2
)
 

 

 

Net periodic pension expense
 
$
21.3

 
$
26.0

 
$
(4.7
)
 
$
21.5

 
$
23.5

 
$
(2.0
)
 
 
Six Months Ended
June 30, 2017
 
Six Months Ended
June 30, 2016
 
 
Total
 
U.S.
Plans
 
Int’l.
Plans
 
Total
 
U.S.
Plans
 
Int’l.
Plans
Service cost
 
$
3.2

 
$

 
$
3.2

 
$
3.9

 
$

 
$
3.9

Interest cost
 
140.8

 
105.7

 
35.1

 
161.9

 
115.7

 
46.2

Expected return on plan assets
 
(179.5
)
 
(117.6
)
 
(61.9
)
 
(199.4
)
 
(126.6
)
 
(72.8
)
Amortization of prior service benefit
 
(2.5
)
 
(1.3
)
 
(1.2
)
 
(2.8
)
 
(1.3
)
 
(1.5
)
Recognized net actuarial loss
 
89.0

 
63.2

 
25.8

 
78.2

 
58.0

 
20.2

Curtailment gain
 
(5.2
)
 

 
(5.2
)
 

 

 

Net periodic pension expense
 
$
45.8

 
$
50.0

 
$
(4.2
)
 
$
41.8

 
$
45.8

 
$
(4.0
)
Other Postretirement Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Components of Net Periodic Benefit Expense
Net periodic postretirement benefit expense for the three and six months ended June 30, 2017 and 2016 is presented below:
 
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2017
 
2016
 
2017
 
2016
Service cost
 
$
0.1

 
$
0.1

 
$
0.2

 
$
0.2

Interest cost
 
1.5

 
1.6

 
3.0

 
3.2

Expected return on assets
 
(0.1
)
 
(0.1
)
 
(0.2
)
 
(0.2
)
Recognized net actuarial loss
 
0.3

 
0.3

 
0.6

 
0.6

Amortization of prior service benefit
 
(0.1
)
 

 
(0.2
)
 

Net periodic postretirement benefit expense
 
$
1.7

 
$
1.9

 
$
3.4

 
$
3.8