Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2013

Allocation of Plan Assets by Investment

The following information details the allocation of plan assets by investment type. See Note P for definitions of fair value levels.

At December 31, 2013	TARGET			LEVEL 1		LEVEL 2		TOTAL
Equities:
U.S. equities						$	585.5	$	585.5
Global equities							661.7		661.7
Total equities		50 - 70	%				1,247.2		1,247.2
Fixed income:
U.S. fixed income				$	252.5		299.6		552.1
Non-U.S. fixed income							260.3		260.3
Total fixed income		30 - 50	%		252.5		559.9		812.4
Cash and other					1.2		47.6		48.8
Total plan assets				$	253.7	$	1,854.7	$	2,108.4

At December 31, 2012	TARGET			LEVEL 1		LEVEL 2		TOTAL
Equities:
U.S. equities						$	549.9	$	549.9
Global equities							566.3		566.3
Total equities		50 - 70	%				1,116.2		1,116.2
Fixed income:
U.S. fixed income				$	230.8		275.8		506.6
Non-U.S. fixed income							234.9		234.9
Total fixed income		30 - 50	%		230.8		510.7		741.5
Cash and other					.3		43.0		43.3
Total plan assets				$	231.1	$	1,669.9	$	1,901.0

Additional Data Relates to All Pension Plans of Company

The following additional data relates to all pension plans of the Company:

At December 31,	2013			2012
Weighted average assumptions:
Discount rate		4.7	%		4.0	%
Rate of increase in future compensation levels		3.9	%		3.8	%
Assumed long-term rate of return on plan assets		6.6	%		6.6	%

Components of Change in Projected Benefit Obligation and Change in Plan Assets

The components of the change in projected benefit obligation and change in plan assets are as follows:
	2013			2012
Change in projected benefit obligation:
Benefit obligation at January 1	$	2,068.0		$	1,808.1
Service cost		73.5			64.1
Interest cost		81.0			81.4
Benefits paid		(68.4	)		(71.1	)
Actuarial (gain) loss		(199.2	)		163.8
Currency translation and other		3.2			18.3
Participant contributions		3.5			3.4
Projected benefit obligation at December 31	$	1,961.6		$	2,068.0
Change in plan assets:
Fair value of plan assets at January 1	$	1,901.0		$	1,549.9
Employer contributions		26.2			190.8
Actual return on plan assets		242.5			208.8
Benefits paid		(68.4	)		(71.1	)
Currency translation and other		3.6			19.2
Participant contributions		3.5			3.4
Fair value of plan assets at December 31		2,108.4			1,901.0
Funded status at December 31	$	146.8		$	(167.0	)
Amounts recorded on balance sheet:	2013			2012
Other noncurrent assets	$	217.7		$	10.0
Other liabilities		70.9			177.0
Accumulated other comprehensive (income) loss:
Actuarial loss		257.0			490.4
Prior service cost		4.9			5.7
Net initial transition amount		.3			.4

Information for Plans with Accumulated Benefit Obligation in Excess of Plan Assets

Information for all plans with an accumulated benefit obligation in excess of plan assets is as follows:

At December 31,	2013		2012
Projected benefit obligation	$	78.6	$	214.5
Accumulated benefit obligation		63.4		198.8
Fair value of plan assets		9.2		123.5

Components of Pension Expense

The components of pension expense are as follows:
Year Ended December 31,	2013			2012			2011
Service cost	$	73.5		$	64.1		$	45.5
Interest on projected benefit obligation		81.0			81.4			81.6
Expected return on assets		(119.4	)		(110.8	)		(105.1	)
Amortization of prior service costs		1.3			1.4			1.5
Recognized actuarial loss		44.0			39.2			24.7
Curtailment gain		(.3	)
Settlement loss					4.8
Net pension expense	$	80.1		$	80.1		$	48.2

Multi-employer Plans

The Company’s participation in the following multi-employer plans for the years ended December 31 are as follows:

			PENSION PLAN NUMBER		COMPANY CONTRIBUTIONS
PENSION PLAN	EIN				2013		2012		2011
Metal and Electrical Engineering Industry Pension Fund				135668	$	24.5	$	22.0	$	22.7
Western Metal Industry Pension Plan		91-6033499		001		1.5		1.6		1.8
Other plans						.9		1.0		.6
					$	26.9	$	24.6	$	25.1