Employee Benefits, Defined Benefit Plans (Details) (USD $) In Millions, unless otherwise specified
|
12 Months Ended |
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Postretirement Medical Obligations |
|
|
|
|
|
|
Accrued annual VEBA contribution |
$ 16.0 |
|
$ 20.0 |
|
|
|
Benefit Obligations and Funded Status Additional Disclosure |
|
|
|
|
|
|
Net asset In respect of VEBAs |
406.0 |
|
365.9 |
|
|
|
Net liability in respect of VEBA |
0 |
|
5.3 |
|
|
|
Estimated future benefit payments |
|
|
|
|
|
|
Expected future benefit payments, 2014 |
27.6 |
|
|
|
|
|
Expected future benefit payments, 2015 |
27.5 |
|
|
|
|
|
Expected future benefit payments, 2016 |
27.2 |
|
|
|
|
|
Expected future benefit payments, 2017 |
26.9 |
|
|
|
|
|
Expected future benefit payments, 2018 |
26.6 |
|
|
|
|
|
Expected future benefit payments, 2019-2023 |
125.9 |
|
|
|
|
|
Components of Net Periodic Benefit Cost (Income) |
|
|
|
|
|
|
Net periodic benefit costs (income) |
(22.0) |
|
(11.5) |
|
(5.7) |
|
Canadian pension plan
|
|
|
|
|
|
|
Assumptions used to determine benefit obligations |
|
|
|
|
|
|
Discount rate |
4.90% |
|
4.40% |
|
|
|
Rate of compensation increase |
3.00% |
|
3.00% |
|
|
|
Assumptions used to determine net periodic benefit cost (income) |
|
|
|
|
|
|
Discount rate |
4.40% |
|
5.60% |
|
5.70% |
|
Expected long-term return on plan assets |
4.50% |
|
4.60% |
|
5.40% |
|
Rate of compensation increase |
3.00% |
|
3.00% |
|
3.50% |
|
Change in Benefit Obligation: |
|
|
|
|
|
|
Obligation at beginning of year |
7.0 |
|
5.4 |
|
|
|
Foreign currency translation adjustment |
(0.5) |
|
0.2 |
|
|
|
Service cost |
0.3 |
|
0.2 |
|
0.2 |
|
Interest cost |
0.3 |
|
0.3 |
|
0.3 |
|
Actuarial (gain) loss |
(0.2) |
|
1.1 |
|
|
|
Plan participant contributions |
0 |
|
0.1 |
|
|
|
Benefits paid by Company |
(0.3) |
|
(0.3) |
|
|
|
Obligation at end of year |
6.6 |
|
7.0 |
|
5.4 |
|
Change in Plan Assets: |
|
|
|
|
|
|
FMV of plan assets at beginning of year |
5.7 |
|
4.9 |
|
|
|
Foreign currency translation adjustment |
(0.4) |
|
0.2 |
|
|
|
Actual return on assets |
0.7 |
|
0.3 |
|
|
|
Plan participant contributions |
0 |
|
0.1 |
|
|
|
Employer/Company contributions |
0.5 |
|
0.5 |
|
|
|
Benefits paid by Company |
(0.3) |
|
(0.3) |
|
|
|
FMV of plan assets at end of year |
6.2 |
|
5.7 |
|
4.9 |
|
Net Funded Status |
(0.4) |
|
(1.3) |
|
|
|
Net Funded Status |
|
|
|
|
|
|
Accumulated plan benefit obligation |
(5.8) |
|
(6.2) |
|
|
|
Plan assets |
6.2 |
|
5.7 |
|
4.9 |
|
Net Funded Status |
(0.4) |
|
(1.3) |
|
|
|
Net benefits expected to be contributed in 2014 |
0.5 |
|
|
|
|
|
Estimated future benefit payments |
|
|
|
|
|
|
Expected future benefit payments, 2014 |
0.2 |
|
|
|
|
|
Expected future benefit payments, 2015 |
0.3 |
|
|
|
|
|
Expected future benefit payments, 2016 |
0.3 |
|
|
|
|
|
Expected future benefit payments, 2017 |
0.3 |
|
|
|
|
|
Expected future benefit payments, 2018 |
0.3 |
|
|
|
|
|
Expected future benefit payments, 2019-2023 |
2.0 |
|
|
|
|
|
Accumulated other comprehensive (loss) income |
|
|
|
|
|
|
Accumulated net actuarial losses |
(1.8) |
|
(2.8) |
|
|
|
Transition assets |
0.2 |
|
0.3 |
|
|
|
Loss recognized in Accumulated other comprehensive (loss) |
(1.6) |
|
(2.5) |
|
|
|
Amounts in Accumulated other comprehensive (loss) income expected to be recognized in 2014 |
|
|
|
|
|
|
Future amortization of prior service cost |
0.1 |
|
|
|
|
|
Components of Net Periodic Benefit Cost (Income) |
|
|
|
|
|
|
Service cost |
0.3 |
|
0.2 |
|
0.2 |
|
Interest cost |
0.3 |
|
0.3 |
|
0.3 |
|
Expected return on plan assets |
(0.3) |
|
(0.2) |
|
(0.3) |
|
Amortization of prior service cost |
0 |
|
0 |
|
0 |
|
Amortization of net actuarial loss |
0.2 |
|
0.1 |
|
0.1 |
|
Net periodic benefit costs (income) |
0.5 |
|
0.4 |
|
0.3 |
|
Canadian pension plan | London, Ontario Facility | Equity Securities
|
|
|
|
|
|
|
Defined Benefit Plan at the London, Ontario Facility, Information About Plan Assets |
|
|
|
|
|
|
Actual plan asset allocations |
65.00% |
|
|
|
|
|
Asset mix target allocation on long-term investments |
62.00% |
|
|
|
|
|
Canadian pension plan | London, Ontario Facility | Fixed Income Securities
|
|
|
|
|
|
|
Defined Benefit Plan at the London, Ontario Facility, Information About Plan Assets |
|
|
|
|
|
|
Actual plan asset allocations |
31.00% |
|
|
|
|
|
Asset mix target allocation on long-term investments |
34.00% |
|
|
|
|
|
VEBAs
|
|
|
|
|
|
|
Postretirement Medical Obligations |
|
|
|
|
|
|
Cash flow in determining VEBA obligation |
20.0 |
|
|
|
|
|
Change in Benefit Obligation: |
|
|
|
|
|
|
Obligation at beginning of year |
384.1 |
|
446.9 |
|
|
|
Foreign currency translation adjustment |
0 |
|
0 |
|
|
|
Service cost |
2.5 |
|
3.4 |
|
2.2 |
|
Interest cost |
14.6 |
|
17.9 |
|
17.4 |
|
Actuarial (gain) loss |
(7.3) |
[1] |
(66.2) |
[1] |
|
|
Plan participant contributions |
0 |
|
0 |
|
|
|
Benefits paid by VEBA |
(21.5) |
|
(20.8) |
|
|
|
Reimbursement from Retiree Drug Subsidy |
2.3 |
[2] |
2.9 |
[2] |
|
|
Obligation at end of year |
374.7 |
|
384.1 |
|
446.9 |
|
Change in Plan Assets: |
|
|
|
|
|
|
FMV of plan assets at beginning of year |
744.7 |
|
571.0 |
|
|
|
Foreign currency translation adjustment |
0 |
|
0 |
|
|
|
Actual return on assets |
39.2 |
|
63.0 |
|
|
|
Plan participant contributions |
0 |
|
0 |
|
|
|
Employer/Company contributions |
16.0 |
[3] |
20.0 |
[3] |
|
|
Benefits paid by VEBA |
(21.5) |
|
(20.8) |
|
|
|
Reimbursement from Retiree Drug Subsidy |
2.3 |
[2] |
2.9 |
[2] |
|
|
FMV of plan assets at end of year |
780.7 |
|
744.7 |
|
571.0 |
|
Net Funded Status |
406.0 |
[4] |
360.6 |
[4] |
|
|
Benefit Obligations and Funded Status Additional Disclosure |
|
|
|
|
|
|
Actuarial gain due to a decrease in discount rate |
30.5 |
|
|
|
|
|
Actuarial gain due to higher than expected mortality rate |
|
|
16.2 |
|
|
|
Actuarial loss resulting from an increase in existing benefits reimbursement rates |
20.8 |
|
|
|
|
|
Actuarial loss resulting from a decrease in discount rates used to determine benefit obligations |
|
|
9.7 |
|
|
|
Net Funded Status |
|
|
|
|
|
|
Accumulated plan benefit obligation |
(374.7) |
|
(384.1) |
|
|
|
Plan assets |
780.7 |
|
744.7 |
|
571.0 |
|
Net Funded Status |
406.0 |
[4] |
360.6 |
[4] |
|
|
Estimated future benefit payments |
|
|
|
|
|
|
Expected future benefit payments, 2014 |
30.5 |
[5] |
|
|
|
|
Expected future benefit payments, 2015 |
30.5 |
[5] |
|
|
|
|
Expected future benefit payments, 2016 |
30.3 |
[5] |
|
|
|
|
Expected future benefit payments, 2017 |
30.1 |
[5] |
|
|
|
|
Expected future benefit payments, 2018 |
29.8 |
[5] |
|
|
|
|
Expected future benefit payments, 2019-2023 |
142.5 |
[5] |
|
|
|
|
Accumulated other comprehensive (loss) income |
|
|
|
|
|
|
Accumulated net actuarial losses |
(0.5) |
|
(3.2) |
|
|
|
Prior service cost |
(32.7) |
|
(36.9) |
|
|
|
Loss recognized in Accumulated other comprehensive (loss) |
(33.2) |
|
(40.1) |
|
|
|
Amounts in Accumulated other comprehensive (loss) income expected to be recognized in 2014 |
|
|
|
|
|
|
Amounts in Accumulated other comprehensive (loss) income expected to be recognized in 2014 |
5.2 |
|
|
|
|
|
Future amortization of prior service cost |
4.1 |
|
|
|
|
|
Future amortization of actuarial loss |
(1.1) |
|
|
|
|
|
Components of Net Periodic Benefit Cost (Income) |
|
|
|
|
|
|
Service cost |
2.5 |
|
3.4 |
|
2.2 |
|
Interest cost |
14.6 |
|
17.9 |
|
17.4 |
|
Expected return on plan assets |
(45.1) |
|
(40.4) |
|
(30.4) |
|
Amortization of prior service cost |
4.2 |
[6] |
4.2 |
[6] |
4.2 |
[6] |
Amortization of net actuarial loss |
1.3 |
|
3.0 |
|
0.6 |
|
Net periodic benefit costs (income) |
(22.5) |
|
(11.9) |
|
(6.0) |
|
VEBAs | Maximum
|
|
|
|
|
|
|
Postretirement Medical Obligations |
|
|
|
|
|
|
Administrative expense obligation |
0.3 |
|
|
|
|
|
Variable cash contribution obligation to VEBAs |
20.0 |
|
|
|
|
|
VEBAs | Annual Cash Flows up to $20 Million
|
|
|
|
|
|
|
Postretirement Medical Obligations |
|
|
|
|
|
|
Postretirement medical plan contribution obligation percentage |
10.00% |
|
|
|
|
|
VEBAs | Annual Cash Flows in Excess of $20 Million
|
|
|
|
|
|
|
Postretirement Medical Obligations |
|
|
|
|
|
|
Postretirement medical plan contribution obligation percentage |
20.00% |
|
|
|
|
|
Union VEBA
|
|
|
|
|
|
|
Postretirement Medical Obligations |
|
|
|
|
|
|
Number of trustees |
4 |
|
|
|
|
|
Percent allocation of total contribution between VEBAs |
85.50% |
|
|
|
|
|
Accrued annual VEBA contribution |
13.7 |
|
|
|
|
|
Assumptions used to determine benefit obligations |
|
|
|
|
|
|
Discount rate |
4.70% |
|
4.00% |
|
|
|
Initial medical trend rate |
7.50% |
[7] |
8.00% |
[7] |
|
|
Ultimate medical trend rate |
5.00% |
[7],[8] |
5.00% |
[7],[8] |
5.00% |
[8] |
Year that rate reaches ultimate trend rate |
2019 |
|
2019 |
|
2019 |
|
Effect of one-percentage-point increase in medical trend rate on accumulated postretirement benefit obligation |
27.8 |
|
41.1 |
|
|
|
Effect of one-percentage-point decrease in medical trend rate on accumulated postretirement benefit obligation |
22.7 |
|
33.4 |
|
|
|
Assumptions used to determine net periodic benefit cost (income) |
|
|
|
|
|
|
Discount rate |
4.00% |
|
4.20% |
|
5.25% |
|
Expected long-term return on plan assets |
6.25% |
[9] |
7.25% |
[9] |
6.00% |
[9] |
Initial medical trend rate |
8.00% |
[8] |
8.50% |
[8] |
9.00% |
[8] |
Ultimate medical trend rate |
5.00% |
[7],[8] |
5.00% |
[7],[8] |
5.00% |
[8] |
Year that rate reaches ultimate trend rate |
2019 |
|
2019 |
|
2019 |
|
Effect of one-percentage-point increase on service and interest cost components |
2.0 |
|
2.5 |
|
2.7 |
|
Effect of one-percentage-point decrease on service and interest cost components |
1.5 |
|
2.0 |
|
2.1 |
|
Change in Plan Assets: |
|
|
|
|
|
|
FMV of plan assets at beginning of year |
685.3 |
|
|
|
|
|
Sale of Company's common stock by Union VEBA |
0 |
|
108.6 |
|
|
|
FMV of plan assets at end of year |
717.5 |
|
685.3 |
|
|
|
Net Funded Status |
404.8 |
|
365.9 |
|
|
|
Benefit Obligations and Funded Status Additional Disclosure |
|
|
|
|
|
|
Actuarial gain due to lower than expected drug claim costs |
54.9 |
|
42.2 |
|
|
|
Actuarial gain due to higher than expected mortality rate |
8.0 |
|
|
|
|
|
Actuarial loss due to the addition of a new healthcare premium reimbursement benefit starting in 2014 |
63.8 |
|
|
|
|
|
Actuarial loss due to changes in administrative costs |
2.7 |
|
|
|
|
|
Actuarial gain due to a change in participant marital status assumption |
|
|
9.6 |
|
|
|
Prescription drug benefit retiree drug subsidy percentage |
28.00% |
|
|
|
|
|
Net Funded Status |
|
|
|
|
|
|
Accumulated plan benefit obligation |
(312.7) |
|
(319.4) |
|
|
|
Plan assets |
717.5 |
|
685.3 |
|
|
|
Net Funded Status |
404.8 |
|
365.9 |
|
|
|
Anticipated Retiree Drug Subsidy |
|
|
|
|
|
|
Anticipated Retiree Drug Subsidy, 2014 |
(3.1) |
[5] |
|
|
|
|
Anticipated Retiree Drug Subsidy, 2015 |
(3.3) |
[5] |
|
|
|
|
Anticipated Retiree Drug Subsidy, 2016 |
(3.4) |
[5] |
|
|
|
|
Anticipated Retiree Drug Subsidy, 2017 |
(3.5) |
[5] |
|
|
|
|
Anticipated Retiree Drug Subsidy, 2018 |
(3.5) |
[5] |
|
|
|
|
Anticipated Retiree Drug Subsidy, 2019-2023 |
(18.6) |
[5] |
|
|
|
|
Union VEBA | Company Appointed
|
|
|
|
|
|
|
Postretirement Medical Obligations |
|
|
|
|
|
|
Number of trustees |
2 |
|
|
|
|
|
Union VEBA | USW Appointed
|
|
|
|
|
|
|
Postretirement Medical Obligations |
|
|
|
|
|
|
Number of trustees |
2 |
|
|
|
|
|
Salaried VEBA
|
|
|
|
|
|
|
Postretirement Medical Obligations |
|
|
|
|
|
|
Percent allocation of total contribution between VEBAs |
14.50% |
|
|
|
|
|
Accrued annual VEBA contribution |
2.3 |
|
|
|
|
|
Assumptions used to determine benefit obligations |
|
|
|
|
|
|
Discount rate |
4.20% |
|
3.40% |
|
|
|
Assumptions used to determine net periodic benefit cost (income) |
|
|
|
|
|
|
Discount rate |
3.40% |
|
3.75% |
|
4.70% |
|
Expected long-term return on plan assets |
7.25% |
[9] |
7.25% |
[9] |
7.25% |
[9] |
Change in Plan Assets: |
|
|
|
|
|
|
FMV of plan assets at beginning of year |
59.4 |
|
|
|
|
|
FMV of plan assets at end of year |
63.2 |
|
59.4 |
|
|
|
Net Funded Status |
1.2 |
|
(5.3) |
|
|
|
Benefit Obligations and Funded Status Additional Disclosure |
|
|
|
|
|
|
Actuarial gain due to change in assumption for annual benefit utilization |
|
|
11.0 |
|
|
|
Net Funded Status |
|
|
|
|
|
|
Accumulated plan benefit obligation |
(62.0) |
|
(64.7) |
|
|
|
Plan assets |
63.2 |
|
59.4 |
|
|
|
Net Funded Status |
1.2 |
|
(5.3) |
|
|
|
Variable cash contribution | VEBAs
|
|
|
|
|
|
|
Postretirement Medical Obligations |
|
|
|
|
|
|
Annual VEBA contribution paid |
$ 20.0 |
|
|
|
|
|
|
|