XML 28 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Retirement Benefits (Tables)
12 Months Ended
Dec. 31, 2011
Retirement Benefits Pension And Postretirement [Line Items]  
Schedule Of Net Benefit Costs [Table Text Block]
 (In millions) U.S. Plans Non-U.S. Plans Total 
 Years Ended December 31, 201120102009 201120102009 201120102009 
               
 Service cost$ - - -$ 10.2 6.6 6.1$ 10.2 6.6 6.1 
 Interest cost on projected benefit obligation  46.2 46.5 47.7  16.9 13.4 12.2  63.1 59.9 59.9 
 Return on assets – expected  (65.0) (66.8) (61.2)  (12.0) (10.6) (9.0)  (77.0) (77.4) (70.2) 
 Amortization of losses  28.2 19.5 9.1  4.3 3.2 3.5  32.5 22.7 12.6 
 Settlement loss   - - 0.3  2.2 0.1 -  2.2 0.1 0.3 
 Net periodic pension cost (credit)$ 9.4 (0.8) (4.1)$ 21.6 12.7 12.8$ 31.0 11.9 8.7 
Schedule of Obligations and Funded Status [Table Text Block]
 (In millions) U.S. Plans Non-U.S. Plans Total  
 Years Ended December 31, 2011 2010 2011 2010 2011 2010 
                
 Benefit obligation at beginning of year$ 890.1  810.5  289.6  223.4  1,179.7  1,033.9 
 Service cost  -  -  10.2  6.6  10.2  6.6 
 Interest cost  46.2  46.5  16.9  13.4  63.1  59.9 
 Plan participant contributions  -  -  3.5  2.9  3.5  2.9 
 Plan settlements  -  -  (2.8)  (0.5)  (2.8)  (0.5) 
 Acquisition  -  -  -  39.0  -  39.0 
 Benefits paid  (39.7)  (38.0)  (15.9)  (8.8)  (55.6)  (46.8) 
 Actuarial (gains) losses  94.1  71.1  15.9  15.7  110.0  86.8 
 Foreign currency exchange effects  -  -  (10.5)  (2.1)  (10.5)  (2.1) 
 Benefit obligation at end of year$ 990.7  890.1  306.9  289.6  1,297.6  1,179.7 
                
 Fair value of plan assets at beginning of year$ 698.4  658.2  218.6  188.9  917.0  847.1 
 Return on assets – actual  26.0  77.4  7.9  22.2  33.9  99.6 
 Plan participant contributions  -  -  3.5  2.9  3.5  2.9 
 Employer contributions:  0.7  0.8  25.7  15.3  26.4  16.1 
 Plan settlements  -  -  (2.8)  (0.5)  (2.8)  (0.5) 
 Acquisition  -  -  -  0.6  -  0.6 
 Benefits paid  (39.7)  (38.0)  (15.9)  (8.8)  (55.6)  (46.8) 
 Foreign currency effects  -  -  (6.5)  (2.0)  (6.5)  (2.0) 
 Fair value of plan assets at end of year$ 685.4  698.4  230.5  218.6  915.9  917.0 
                
  Funded status$ (305.3)  (191.7)  (76.4)  (71.0)  (381.7)  (262.7) 
                
 Included in:             
  Noncurrent asset$ -  -  (12.3)  (8.6)  (12.3)  (8.6) 
  Current liability, included in accrued liabilities  13.2  1.4  11.2  3.1  24.4  4.5 
  Noncurrent liability  292.1  190.3  77.5  76.5  369.6  266.8 
 Net pension liability $ 305.3  191.7  76.4  71.0  381.7  262.7 
Schedule of Assumptions Used [Table Text Block]
   U.S. Plans Non-U.S. Plans 
   2011 2010 2009 2011 2010 2009 
               
 Discount rate:            
  Pension cost 5.3%  5.9%  6.6%  5.8%  6.2%  6.2% 
  Benefit obligation at year end 4.6%  5.3%  5.9%  5.4%  5.8%  6.2% 
               
 Expected return on assets – pension cost 8.75%  8.75%  8.75%  5.16%  5.54%  5.78% 
               
 Average rate of increase in salaries (a):            
  Pension cost N/A N/A N/A  3.3%  3.1%  4.0% 
  Benefit obligation at year endN/A N/A N/A  3.2%  3.3%  3.1% 
Schedule of Costs of Retirement Plans [Table Text Block]
 (In millions)          
 Years Ended December 31, 2011 2010 2009 
            
 U.S. 401(K)$ 16.9   16.3   13.4  
 Other plans  3.9   4.0   3.4  
 Total$ 20.8   20.3   16.8  
Pension plan [Member]
 
Retirement Benefits Pension And Postretirement [Line Items]  
Schedule of Other Changes in Plan Assets and Benefit Recognized in Other Comprehensive Income [Table Text Block]
 (In millions) U.S. Plans Non-U.S. Plans Total  
 Years Ended December 31, 2011 2010 2011 2010 2011 2010 
                  
                  
 Benefit plan experience loss recognized in              
  accumulated other comprehensive income (loss):             
   Beginning of year$ (408.4)  (367.4)  (19.6)  (17.4)  (428.0)  (384.8) 
   Net experience gains (losses) arising during the year  (133.1)  (60.5)  (20.0)  (4.1)  (153.1)  (64.6) 
   Reclassification adjustment for amortization of             
    experience losses included in net income  28.2  19.5  5.0  1.9  33.2  21.4 
   End of year$ (513.3)  (408.4)  (34.6)  (19.6)  (547.9)  (428.0) 
                  
 Benefit plan prior service (cost) credit recognized in             
  accumulated other comprehensive income (loss):             
   Beginning of year$ -  -  (7.6)  (8.9)  (7.6)  (8.9) 
   Reclassification adjustment for amortization of             
    prior service credit included in net income  -  -  1.5  1.3  1.5  1.3 
   End of year$ -  -  (6.1)  (7.6)  (6.1)  (7.6) 
Schedule of Expected Benefit Payments [Table Text Block]
 (In millions) U.S. Plans Non-U.S. Plans Total  
            
 2012$ 55.6   18.7   74.3  
 2013  46.1   11.1   57.2  
 2014  46.0   12.8   58.8  
 2015  47.2   12.0   59.2  
 2016  48.7   13.4   62.1  
 2017 through 2021$ 272.7   85.6   358.3  
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
 (In millions) U.S. Plans  Non-U.S. Plans  Total  
 December 31, 2011 2010 2011 2010 2011 2010 
                
 Pension plans with an accumulated benefit obligation in excess of plan assets:              
  Fair value of plan assets$ 685.4  698.4  117.5  24.1  802.9  722.5 
  Accumulated benefit obligation  990.7  890.1  179.8  78.1  1,170.5  968.2 
  Projected benefit obligation  990.7  890.1  206.4  95.0  1,197.1  985.1 
Retirement benefits other than pension [Member]
 
Retirement Benefits Pension And Postretirement [Line Items]  
Schedule Of Net Benefit Costs [Table Text Block]
 (In millions) UMWA plans Black lung and other plans Total 
 Years Ended December 31, 201120102009 201120102009 201120102009 
               
 Interest cost on APBO$ 24.0 27.1 25.8$ 2.8 2.9 2.8$ 26.8 30.0 28.6 
 Return on assets – expected  (25.5) (25.3) (22.6)  - - -  (25.5) (25.3) (22.6) 
 Amortization of losses  14.7 16.0 16.7  2.6 1.8 0.1  17.3 17.8 16.8 
 Net periodic postretirement cost $ 13.2 17.8 19.9$ 5.4 4.7 2.9$ 18.6 22.5 22.8 
Schedule of Obligations and Funded Status [Table Text Block]
        Black lung and other      
 (In millions) UMWA plans Plans Total  
 Years Ended December 31, 2011 2010 2011 2010 2011 2010 
                
 APBO at beginning of year$ 474.3  465.5  62.2  47.1  536.5  512.6 
 Interest cost  24.0  27.1  2.8  2.9  26.8  30.0 
 Plan amendments  -  -  -  19.3  -  19.3 
 Benefits paid  (39.1)  (37.8)  (7.0)  (5.9)  (46.1)  (43.7) 
 Medicare subsidy received  3.4  3.2  -  -  3.4  3.2 
 Actuarial (gains) losses, net  67.0  16.3  2.9  (1.3)  69.9  15.0 
 Foreign currency exchange effects and other  -  -  -  0.1  -  0.1 
 APBO at end of year$ 529.6  474.3  60.9  62.2  590.5  536.5 
                
 Fair value of plan assets at beginning of year$ 310.2  308.0  -  -  310.2  308.0 
 Employer contributions:  -  -  7.0  5.9  7.0  5.9 
 Return on assets – actual  (5.1)  37.1  -  -  (5.1)  37.1 
 Benefits paid  (40.5)  (38.1)  (7.0)  (5.9)  (47.5)  (44.0) 
 Medicare subsidy received  3.4  3.2  -  -  3.4  3.2 
 Fair value of plan assets at end of year$ 268.0  310.2  -  -  268.0  310.2 
                
 Funded status$ (261.6)  (164.1)  (60.9)  (62.2)  (322.5)  (226.3) 
                
 Included in:             
  Current, included in accrued liabilities$ -  -  7.1  7.7  7.1  7.7 
  Noncurrent  261.6  164.1  53.8  54.5  315.4  218.6 
 Retirement benefits other than pension liability $ 261.6  164.1  60.9  62.2  322.5  226.3 
Schedule of Other Changes in Plan Assets and Benefit Recognized in Other Comprehensive Income [Table Text Block]
          Black lung and other      
 (In millions) UMWA plans Plans Total  
 Years Ended December 31, 2011 2010 2011 2010 2011 2010 
                  
 Benefit plan experience gain (loss) recognized in              
  accumulated other comprehensive income (loss):             
   Beginning of year$ (240.1)  (251.6)  (7.6)  (9.3)  (247.7)  (260.9) 
   Net experience gains (losses) arising during the year  (97.6)  (4.5)  (2.9)  1.3  (100.5)  (3.2) 
   Reclassification adjustment for amortization of             
    experience losses included in net income  14.7  16.0  0.6  0.4  15.3  16.4 
   End of year$ (323.0)  (240.1)  (9.9)  (7.6)  (332.9)  (247.7) 
                  
 Benefit plan prior service cost recognized in             
  accumulated other comprehensive income (loss):             
   Beginning of year$ -  -  (15.3)  2.6  (15.3)  2.6 
   Prior service cost from plan amendments              
    during the year  -  -  -  (19.3)  -  (19.3) 
   Reclassification adjustment for amortization or curtailment              
    recognition of prior service credit included in net income  -  -  2.0  1.4  2.0  1.4 
   End of year$ -  -  (13.3)  (15.3)  (13.3)  (15.3) 
Schedule of Assumptions Used [Table Text Block]
    2011 2010 2009 
             
 Weighted-average discount rate:         
  Postretirement cost:         
   UMWA plans 5.3%  5.9%  6.2% 
   Black lung 4.8%  5.3%  6.3% 
   Weighted-average 5.2%  5.8%  6.2% 
  Benefit obligation at year end:          
   UMWA plans 4.4%  5.3%  5.9% 
   Black lung 4.2%  4.8%  5.4% 
   Weighted-average 4.4%  5.2%  5.9% 
 Expected return on assets 8.75%  8.75%  8.75% 
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
   Effect of Change in Assumed Health Care Trend Rates
 (In millions) Increase 1% Decrease 1% 
          
 Higher (lower):       
  Service and interest cost in 2011$ 2.5   (2.1)  
  APBO at December 31, 2011  60.1   (51.1)  
Schedule of Expected Benefit Payments [Table Text Block]
   Before Medicare Subsidy    Medicare Net Projected 
 (In millions) UMWA plans Black lung and other plans Subtotal Subsidy Payments 
                  
 2012$ 40.2   7.2   47.4   (3.3)   44.1  
 2013  40.9   5.8   46.7   (3.4)   43.3  
 2014  40.9   5.5   46.4   (3.5)   42.9  
 2015  41.0   5.2   46.2   (3.5)   42.7  
 2016  40.5   5.0   45.5   (3.6)   41.9  
 2017 through 2021  191.9   20.7   212.6   (18.3)   194.3  
US Plans [Member]
 
Retirement Benefits Pension And Postretirement [Line Items]  
Schedule of Allocation of Plan Assets [Table Text Block]
    December 31, 2011 December 31, 2010 
      % %   % % 
    Total Fair Actual Target Total Fair Actual Target 
 (In millions, except percentages) Value Allocation Allocation Value Allocation Allocation 
                
 U.S. Pension Plans             
 Cash, cash equivalents and receivables$ 3.5  -  -  0.1  -  - 
 Equity securities:             
  U.S. large-cap (a)  209.9  31  30  210.7  30  30 
  U.S. small/mid-cap (a)  55.2  8  8  62.2  9  8 
  International (a)  79.8  12  12  85.9  12  12 
 Fixed-income securities:             
  Long duration (b)  158.0  23  23  156.4  23  23 
  High yield (c)  55.2  8  8  57.2  8  8 
  Emerging markets (d)  27.0  4  4  27.8  4  4 
 Other types of investments:             
  Hedge fund of funds (e)  96.8  14  15  98.1  14  15 
 Total$ 685.4  100  100  698.4  100  100 
                
 UMWA Plans             
 Equity securities:             
  U.S. large-cap (a)$ 101.8  38  37  117.0  38  37 
  U.S. small/mid-cap (a)  23.5  9  9  28.4  9  9 
  International (a)  33.5  13  14  44.7  15  14 
 Fixed-income securities:             
  Core fixed income (f)  -  -  -  41.4  13  13 
  High yield (c)  22.6  8  8  25.6  8  8 
  Emerging markets (d)  11.2  4  4  12.7  4  4 
  Multi asset real return (g)  35.5  13  13  -  -  - 
 Other types of investments:             
  Hedge fund of funds (e)  39.9  15  15  40.4  13  15 
 Total$ 268.0  100  100  310.2  100  100 
Non-US Plans [Member]
 
Retirement Benefits Pension And Postretirement [Line Items]  
Schedule of Allocation of Plan Assets [Table Text Block]
     December 31, 2011 December 31, 2010 
       % %   % % 
     Total Fair Actual Target Total Fair Actual Target 
 (In millions, except percentages) Value Allocation Allocation Value Allocation Allocation 
                 
 Non-U.S. Pension Plans             
 Cash and cash equivalents $ 1.0  -  -  0.3  -  - 
 Equity securities:             
  U.S. equity funds (a)  21.8      28.1     
  Canadian equity funds (a)  26.5      28.2     
  European equity funds (a)  5.3      16.6     
  Asia-pacific equity funds (a)  1.1      3.0     
  Emerging markets (a)  3.2      5.7     
  Other non-U.S. equity funds (a)  28.7      11.7     
   Total equity securities  86.6  38  40  93.3  43  48 
 Fixed-income securities:             
  Global credit (b)  28.9      23.7     
  Canadian fixed-income funds (c)  17.9      17.5     
  European fixed-income funds (d)  5.9      3.7     
  High-yield (e)  9.9      8.2     
  Emerging markets (f)  5.5      4.5     
  Long-duration (g)  63.9      53.5     
   Total fixed-income securities  132.0  57  55  111.1  52  52 
 Other types of investments:             
  Convertible securities (h)  7.3      7.4     
  Other   3.6      6.5     
   Total other types of investments  10.9  5  5  13.9  5  - 
 Total$ 230.5  100  100  218.6  100  100 
Schedule of Changes of Level 3 Plan Assets [Table Text Block]
 (In millions)U.S. Pension Plans UMWA Plans Non-U.S. Pension Plans 
              
 Balance at December 31, 2009 $ 87.3   40.0   1.5  
  Actual return on plan assets:          
   Relating to assets still held at the reporting date  1.3   0.4   (0.4)  
   Relating to assets sold during the period  -   -   -  
  Purchases, sales and settlements, net  9.5   -   (0.3)  
  Transfers in and/or out of Level 3  -   -   -  
 Balance at December 31, 2010  98.1   40.4   0.8  
              
  Actual return on plan assets:          
   Relating to assets still held at the reporting date  (1.3)   (0.5)   -  
   Relating to assets sold during the period  -   -   (0.2)  
  Purchases, sales and settlements, net  -   -   -  
  Transfers in and/or out of Level 3  -   -   -  
 Balance at December 31, 2011$ 96.8   39.9   0.6