Employee Benefit And Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2014

Defined Benefit Plan Disclosure [Line Items]

Schedule of Expected Benefit Payments [Table Text Block]

Estimated future benefit payments under the Company’s defined benefit pension plans and other postretirement benefit plans are as follows as of December 31, 2014 (in millions):



	2015		2016		2017		2018		2019		2020-2024
Pension benefits⁽¹⁾	$	83.3	$	81.6	$	82.3	$	83.5	$	85.1	$	452.6
Other postretirement benefits	$	6.8	$	6.7	$	6.6	$	6.5	$	6.5	$	32.0


(1)	Certain pension benefit payments will be funded by plan assets.

Defined Benefit Pension [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

The following provides a reconciliation of benefit obligations, plan assets and funded status of the Company’s noncontributory defined benefit pension plans, including the SERP, as of December 31, (in millions, except percentages):



	U.S.						International
	2014			2013			2014			2013
Change in benefit obligation:
Benefit obligation at beginning of year	$	1,034.0		$	1,170.5		$	615.4		$	602.6
Service cost	4.1			5.0			5.9			7.4
Interest cost	45.1			39.7			25.3			23.9
Actuarial loss (gain)	139.0			(110.6		)	104.6			(3.7		)
Currency translation	—			—			(48.4		)	13.0
Benefits paid	(161.5		)	(61.8		)	(25.4		)	(24.6		)
Curtailments, settlements and other	—			(8.8		)	(5.7		)	(3.2		)
Benefit obligation at end of year	$	1,060.7		$	1,034.0		$	671.7		$	615.4

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]



Change in plan assets:
Fair value of plan assets at beginning of year	$	829.5		$	707.1		$	533.5		$	501.9
Actual return on plan assets	73.8			74.7			101.4			26.9
Contributions	10.2			109.5			16.8			22.1
Currency translation	—			—			(37.7		)	10.3
Benefits paid	(161.5		)	(61.8		)	(25.4		)	(24.6		)
Settlements and other	—			—			(4.2		)	(3.1		)
Fair value of plan assets at end of year	$	752.0		$	829.5		$	584.4		$	533.5
Funded status at end of year	$	(308.7	)	$	(204.5	)	$	(87.3	)	$	(81.9	)
Amounts recognized in the Consolidated Balance Sheets:
Prepaid benefit cost, included in other assets	$	—		$	—		$	2.0		$	7.0
Accrued current benefit cost, included in other accrued liabilities	(9.8		)	(9.5		)	(3.6		)	(4.1		)
Accrued noncurrent benefit cost, included in other noncurrent liabilities	(298.9		)	(195.0		)	(85.7		)	(84.8		)
Total	$	(308.7	)	$	(204.5	)	$	(87.3	)	$	(81.9	)
Amounts recognized in AOCI:
Prior service credit	$	1.3		$	1.4		$	0.7		$	0.7
Net loss	(654.4		)	(621.4		)	(140.8		)	(124.5		)
AOCI, pretax	$	(653.1	)	$	(620.0	)	$	(140.1	)	$	(123.8	)
Accumulated benefit obligation	$	1,060.7		$	1,034.0		$	661.8		$	607.6

Schedule Of Company's Pension Cost And Supplemental Retirement Plans

Net pension cost includes the following components for the years ended December 31, (in millions, except percentages):



	U.S.									International
	2014			2013			2012			2014			2013			2012
Service cost-benefits earned during the year	$	4.1		$	5.0		$	3.0		$	5.9		$	7.4		$	7.9
Interest cost on projected benefit obligation	45.1			39.7			45.9			25.3			23.9			25.2
Expected return on plan assets	(57.5		)	(58.7		)	(59.7		)	(26.6		)	(23.3		)	(25.6		)
Amortization of:
Prior service cost	—			0.3			1.3			(0.1		)	0.3			1.9
Actuarial loss	24.2			29.7			21.5			3.2			3.2			1.3
Curtailment, settlement and termination benefit costs	65.4			—			1.1			(0.1		)	1.5			1.6
Net pension cost	$	81.3		$	16.0		$	13.1		$	7.6		$	13.0		$	12.3

Schedule of Assumptions Used [Table Text Block]



	U.S.				International
	2014		2013		2014		2013
Weighted-average assumptions used to determine benefit obligation:
Discount rate	4.00	%	4.50	%	3.03	%	4.21	%
Long-term rate of compensation increase	2.50	%	2.50	%	3.60	%	4.16	%

Schedule of Assumptions Used, Periodic Benefit Cost [Table Text Block]



	U.S.						International
	2014		2013		2012		2014		2013		2012
Weighted-average assumptions used to determine net periodic benefit cost:
Discount rate	4.50	%	3.50	%	4.50	%	4.21	%	4.11	%	4.65	%
Long-term rate of return on plan assets	7.25	%	7.50	%	8.25	%	5.01	%	4.81	%	5.12	%
Long-term rate of compensation increase	2.50	%	2.50	%	2.80	%	4.21	%	3.86	%	3.74	%

Schedule of Allocation of Plan Assets [Table Text Block]

Plan Assets

Current Allocation

The fair value of each major category of pension plan assets as of December 31, 2014 and 2013 is as follows (in millions):



	U.S.										International
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Total		% of Total Assets as of December 31,		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Total		% of Total Assets as of December 31,
2014	(Level 1)		(Level 2)		(Level 3)				2014	2013	(Level 1)		(Level 2)		(Level 3)				2014	2013
Equity^(1),(7)
U.S. large cap	$	2.5	$	142.6	$	—	$	145.1			$	39.4	$	3.3	$	—	$	42.7
U.S. small cap	21.6		—		—		21.6				—		—		—		—
International	18.8		94.6		—		113.4				28.5		29.1		—		57.6
Total equity	42.9		237.2		—		280.1		37%	38%	67.9		32.4		—		100.3		17%	20%
Fixed income^(2),(7)
U.S. Treasury	83.4		6.5		—		89.9				—		0.4		—		0.4
Other government	36.5		26.1		—		62.6				—		77.4		—		77.4
Asset-backed securities	—		7.5		—		7.5				—		—		—		—
Corporate bonds	188.1		26.8		—		214.9				—		49.1		—		49.1
Short-term investments	1.5		5.9		—		7.4				—		—		—		—
Total fixed income	309.5		72.8		—		382.3		51	50	—		126.9		—		126.9		22	21
Insurance contracts⁽³⁾	—		16.0		—		16.0		2	2	—		251.5		—		251.5		43	44
Venture capital and partnerships⁽⁴⁾	—		0.1		35.3		35.4		5	6	—		12.6		0.1		12.7		2	3
Real estate⁽⁵⁾	—		—		31.1		31.1		4	3	—		—		1.8		1.8		—	1
Cash and cash equivalents⁽⁶⁾	—		7.1		—		7.1		1	1	4.9		67.3		—		72.2		12	11
Derivatives⁽⁸⁾	—		—		—		—		—	—	—		4.8		—		4.8		1	(3)
Commodity funds	—		—		—		—		—	—	—		—		—		—		—	1
Other	—		—		—		—		—	—	—		14.2		—		14.2		3	2
Total	$	352.4	$	333.2	$	66.4	$	752.0	100%	100%	$	72.8	$	509.7	$	1.9	$	584.4	100%	100%



	U.S.										International
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Total		% of Total Assets as of December 31,		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs			Significant Unobservable Inputs		Total			% of Total Assets as of December 31,
2013	(Level 1)		(Level 2)		(Level 3)				2013	2012	(Level 1)		(Level 2)			(Level 3)					2013	2012
Equity^(1),(7)
U.S. large cap	$	1.6	$	153.8	$	—	$	155.4			$	34.6	$	5.7		$	—	$	40.3
U.S. small cap	27.0		—		—		27.0				7.1		—			—		7.1
International	23.8		110.7		—		134.5				27.5		30.5			—		58.0
Total equity	52.4		264.5		—		316.9		38%	44%	69.2		36.2			—		105.4			20%	12%
Fixed income^(2),(7)
U.S. Treasury	91.5		15.5		—		107.0				—		—			—		—
Other government	34.5		22.4		—		56.9				—		83.1			—		83.1
Asset-backed securities	—		15.8		—		15.8				—		—			—		—
Corporate bonds	186.7		33.6		—		220.3				—		30.7			—		30.7
Short-term investments	10.2		7.4		—		17.6				—		—			—		—
Total fixed income	322.9		94.7		—		417.6		50	42	—		113.8			—		113.8			21	20
Insurance contracts⁽³⁾	—		16.3		—		16.3		2	2	—		235.0			—		235.0			44	46
Venture capital and partnerships⁽⁴⁾	—		0.2		45.7		45.9		6	7	—		14.1			1.6		15.7			3	5
Real estate⁽⁵⁾	—		—		28.0		28.0		3	4	—		1.8			2.1		3.9			1	1
Cash and cash equivalents⁽⁶⁾	—		4.8		—		4.8		1	1	17.7		42.1			—		59.8			11	13
Derivatives⁽⁸⁾	—		—		—		—		—	—	—		(18.2		)	—		(18.2		)	(3)	(6)
Commodity funds	—		—		—		—		—	—	—		4.6			—		4.6			1	5
Other	—		—		—		—		—	—	—		13.5			—		13.5			2	4
Total	$	375.3	$	380.5	$	73.7	$	829.5	100%	100%	$	86.9	$	442.9		$	3.7	$	533.5		100%	100%


(1)	Equity securities primarily comprise mutual funds and common/collective trust funds. Investments in mutual funds and common/collective trust funds are valued at the net asset value per share or unit multiplied by the number of shares or units held as of the measurement date. The investments in common/collective trust funds include both actively managed and index funds.

(2)

Fixed-income investments primarily comprise mutual funds and common/collective trust funds that invest in corporate and government bonds. Investments in mutual funds and common/collective trust funds are valued at the net asset value per share or unit multiplied by the number of shares or units held as of the measurement date. The investments in fixed income securities include both actively managed funds and index funds.


(3)	The fair values of insurance contracts are estimated based on the future cash flows to be received under the contracts discounted to the present using a discount rate that approximates the discount rate used to measure the associated pension plan liabilities.


(4)	Venture capital and partnerships are valued at net asset value, which is generally calculated using the most recent partnership financial reports.

(5)

Real estate investments are generally investments in limited partnerships, real estate investment trusts and similar vehicles that invest in real estate. The values of the investments are generally based on the most recent financial reports of the investment vehicles. The managers of each of the investment vehicles estimate the values of the real estate assets underlying the real estate investments using third-party appraisals and other valuation techniques and analysis.


(6)	Cash and cash equivalents include investments in stable value funds. Stable value funds are generally invested in common trust funds and interest-bearing accounts.

(7)

In the U.S. pension plan assets, certain equity and fixed-income investments are held in separately managed investment accounts. The underlying investments in these separately managed accounts are primarily publicly traded securities that are directly owned by the U.S. pension plan, and such investments have been valued using the quoted price as of December 31, 2014 and 2013. Accordingly, these investments have been classified as Level 1 as of December 31, 2014 and 2013.


(8)	Derivatives primarily consist of interest rate and inflation swaps relating to the Company’s international plans. Included in other government fixed income investments is an amount of $1.1 million that relates to cash collateral posted with third parties for the derivatives that are in a liability position as of December 31, 2014.

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]

A reconciliation of the change in the fair value measurement of the defined benefit plans’ consolidated assets using significant unobservable inputs (Level 3) for 2014 and 2013 is as follows (in millions):



	Venture Capital and Partnerships			Real Estate		Total
Fair value as of December 31, 2012	$	47.8		$	27.7	$	75.5
Realized gains	3.5			—		3.5
Unrealized gains	1.7			2.4		4.1
Purchases	3.7			—		3.7
Sales	(9.4		)	—		(9.4		)
Fair value as of December 31, 2013	$	47.3		$	30.1	$	77.4
Realized gains	4.5			—		4.5
Unrealized (losses) gains	(3.2		)	2.8		(0.4		)
Purchases	1.4			—		1.4
Sales	(14.6		)	—		(14.6		)
Fair value as of December 31, 2014	$	35.4		$	32.9	$	68.3

Defined Benefit Pension Assets, Target Allocation [Table Text Block]

The target asset allocations for the Company’s U.S. pension plan and primary international pension plans are as follows as of December 31, 2014:



Asset Category	Target
Asset Category	U.S.	International
Equity	38%	12%
Fixed income	52	25
Insurance contracts	2	43
Cash and equivalents	—	8
Other investments⁽¹⁾	8	12
Total	100%	100%

(1) Other investments include private equity funds, hedge funds and real estate funds.

Other Postretirement Benefit Plans, Defined Benefit [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

The following provides a reconciliation of benefit obligations and funded status of the Company’s other postretirement benefit plans as of December 31, (in millions, except percentages):



	2014			2013
Change in benefit obligation:
Benefit obligation at beginning of year	$	111.8		$	158.8
Service cost	1.0			1.3
Interest cost	4.8			5.3
Actuarial gain	(17.7		)	(21.0		)
Benefits paid, net	(7.9		)	(10.0		)
Changes in plan benefits	(3.9		)	(22.6		)
Benefit obligation at end of year	$	88.1		$	111.8
Funded status and net liability recognized at end of year	$	(88.1	)	$	(111.8	)

Amounts recognized in the Consolidated Balance Sheets:
Accrued current benefit cost, included in other accrued liabilities	$	(6.8	)	$	(10.3	)
Accrued noncurrent benefit cost, included in other noncurrent liabilities	(81.3		)	(101.5		)
Total	$	(88.1	)	$	(111.8	)

Amounts recognized in AOCI:
Prior service credit	$	26.2		$	28.7
Net gain (loss)	16.9			(0.8		)
AOCI, pretax	$	43.1		$	27.9

Schedule Of Company's Pension Cost And Supplemental Retirement Plans

Other postretirement benefit costs include the following components for the years ended December 31, (in millions):



	2014			2013			2012
Service cost-benefits earned during the year	$	1.0		$	1.3		$	1.3
Interest cost on projected benefit obligation	4.8			5.3			7.1
Amortization of:
Prior service benefit	(6.4		)	(2.4		)	(2.4		)
Actuarial loss	—			0.8			1.2
Net postretirement benefit costs	$	(0.6	)	$	5.0		$	7.2

Schedule of Assumptions Used [Table Text Block]



	2014	2013
Weighted-average assumptions used to determine benefit obligation:
Discount rate	4.00%	4.50%
Long-term health care cost trend rate	4.50%	4.50%

Schedule of Assumptions Used, Periodic Benefit Cost [Table Text Block]

The following are the weighted-average assumptions used to determine net periodic benefit cost for the other postretirement benefit plans for the years ended December 31,:



	2014	2013	2012
Weighted-average assumptions used to determine net periodic benefit cost:
Discount rate	4.50%	3.50%	4.50%
Long-term health care cost trend rate	4.50%	4.50%	4.50%

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]

The health care cost trend rate significantly affects the reported postretirement benefit costs and obligations. A one-percentage-point change in the assumed rate would have the following effects (in millions):



	1% Increase		1% Decrease
Effect on total of service and interest cost components	$	0.5	$	(0.5	)
Effect on postretirement benefit obligations	$	8.0	$	(7.0	)