Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2012

Components of Net Periodic Pension and Postretirement Benefit Expense

The components of net periodic pension and postretirement benefit expense for 2012, 2011 and 2010 are as follows:

	Pension Benefits
	2012									2011									2010
(in millions)	Domestic			Foreign			Total			Domestic			Foreign			Total			Domestic			Foreign			Total
Service cost	$	0.2		$	1.9		$	2.1		$	0.2		$	1.9		$	2.1		$	0.2		$	1.6		$	1.8
Interest cost		14.5			2.6			17.1			15.9			2.8			18.7			17.6			2.5			20.1
Expected return on plan assets		(16.3	)		(1.4	)		(17.7	)		(15.6	)		(1.4	)		(17.0	)		(13.6	)		(1.2	)		(14.8	)
Amortization:
Net actuarial loss		7.1			0.2			7.3			3.2			—			3.2			3.3			—			3.3
Net periodic cost		5.5			3.3			8.8			3.7			3.3			7.0			7.5			2.9			10.4
Curtailments and settlements		—			—			—			1.6			—			1.6			1.9			(0.1	)		1.8
Total expense	$	5.5		$	3.3		$	8.8		$	5.3		$	3.3		$	8.6		$	9.4		$	2.8		$	12.2
Assumptions
Weighted average assumption used to calculate net periodic cost:
Discount rate		4.50	%		4.30	%		4.47	%		5.25	%		4.78	%		5.18	%		5.79	%		5.12	%		5.69	%
Expected return on plan assets		8.00	%		4.53	%		7.60	%		8.00	%		4.83	%		7.63	%		8.21	%		5.16	%		7.87	%
Rate of compensation increase		—			2.51	%		2.51	%		—			2.98	%		2.98	%		—			2.98	%		2.98	%

	Postretirement Benefits
(in millions)	2012			2011			2010
Service cost	$	0.1		$	0.3		$	0.3
Interest cost		0.3			0.7			0.7
Amortization:
Prior service benefit		(0.4	)		(0.8	)		(0.8	)
Net actuarial gain		(0.1	)		(0.1	)		—
Net periodic cost (credit)		(0.1	)		0.1			0.2
Curtailments and settlements		—			(7.3	)		—
Total expense (credit)	$	(0.1	)	$	(7.2	)	$	0.2
Assumptions
Weighted average assumption used to calculate net periodic cost:
Discount rate		4.40	%		5.50	%		5.96	%

Amount of Accumulated Other Comprehensive Income Expected To Be Recognized In Net Periodic Benefit Cost

The amount of AOCI expected to be recognized in net periodic benefit cost for the year ending December 31, 2013 is as follows:

	Pension Benefits
(in millions)	Domestic			Foreign			Total			Postretirement
Prior service cost (credit)	$	—		$	(0.1	)	$	(0.1	)	$	0.4
Net actuarial loss (gain)		(7.4	)		(0.4	)		(7.8	)		0.1
	$	(7.4	)	$	(0.5	)	$	(7.9	)	$	0.5

Reconciliation of Benefit Obligation Plan Assets and Funded Status of Pension and Postretirement Plans

The following table provides a reconciliation of the benefit obligation, plan assets and the funded status of the pension and postretirement plans as of December 31, 2012 and 2011:

	Pension Benefits																		Postretirement Benefits
	2012									2011									2012			2011
(in millions)	Domestic			Foreign			Total			Domestic			Foreign			Total
Change in benefit obligation:
Benefit obligation at beginning of year	$	334.3		$	60.9		$	395.2		$	313.1		$	58.3		$	371.4		$	7.8		$	15.3
Acquisitions		—			—			—			—			—			—			—			—
Service cost		0.2			1.9			2.1			0.2			1.9			2.1			0.1			0.3
Interest cost		14.5			2.6			17.1			15.9			2.8			18.7			0.3			0.7
Curtailments and settlements		—			(0.7	)		(0.7	)		(1.7	)		(0.2	)		(1.9	)		—			—
Amendments		—			0.3			0.3			—			—			—			—			(8.1	)
Actuarial loss (gain)		21.1			8.6			29.7			27.8			2.7			30.5			(0.3	)		—
Participant contributions		—			—			—			—			—			—			0.3			0.4
Benefits paid		(21.7	)		(2.9	)		(24.6	)		(21.0	)		(3.1	)		(24.1	)		(0.6	)		(0.8	)
Foreign currency translation and other		—			0.9			0.9			—			(1.5	)		(1.5	)		—			—
Benefit obligation at end of year(a)		348.4			71.6			420.0			334.3			60.9			395.2			7.6			7.8
Change in plan assets:
Fair value of plan assets at beginning of year	$	234.6		$	30.2		$	264.8		$	221.6		$	29.3		$	250.9		$	—		$	—
Acquisitions		—			—			—			—			—			—			—			—
Actual return on plan assets		27.7			1.5			29.2			9.5			1.3			10.8			—			—
Company contributions		15.9			4.3			20.2			26.2			3.8			30.0			0.3			0.4
Settlements		—			(0.7	)		(0.7	)		(1.7	)		(0.2	)		(1.9	)		—			—
Participant contributions		—			—			—			—			—			—			0.3			0.4
Benefits paid		(21.7	)		(2.9	)		(24.6	)		(21.0	)		(3.1	)		(24.1	)		(0.6	)		(0.8	)
Foreign currency translation and other		—			1.1			1.1			—			(0.9	)		(0.9	)		—			—
Fair value of plan assets at end of year		256.5			33.5			290.0			234.6			30.2			264.8			—			—
Net (liability) recognized in the consolidated balance sheet	$	(91.9	)	$	(38.1	)	$	(130.0	)	$	(99.7	)	$	(30.7	)	$	(130.4	)	$	(7.6	)	$	(7.8	)
Assumptions
Weighted average assumption used to calculate benefit obligation:
Discount rate		3.95	%		3.34	%		3.85	%		4.50	%		4.30	%		4.47	%		3.90	%		4.40	%
Rate of compensation increase		—			2.56	%		2.56	%		—			2.51	%		2.51	%		—			—
Healthcare cost trend rate:
Current:
Pre-Age 65		—			—			—			—			—			—			6.75	%		7.00	%
Post-Age 65		—			—			—			—			—			—			6.75	%		7.00	%
Ultimate		—			—			—			—			—			—			4.50	%		4.50	%

(a) The accumulated benefit obligation for all defined benefit pension plans was $414 and $390 at December 31, 2012 and 2011, respectively.

Amounts Recognized in Consolidated Balance Sheets

Amounts recognized in the Company’s consolidated balance sheets at December 31, 2012 and 2011 consist of:

	Pension Benefits						Postretirement Benefits
(in millions)	2012			2011			2012			2011
Other assets	$	2.3		$	2.4		$	—		$	—
Accrued benefit cost		(132.3	)		(132.8	)		(7.6	)		(7.8	)
Net amount recognized	$	(130.0	)	$	(130.4	)	$	(7.6	)	$	(7.8	)

Summary of Under-Funded or Non-Funded Pension Benefit Plans with Projected Benefit Obligation In Excess of Plan Assets

Summary of under-funded or non-funded pension benefit plans with projected benefit obligation in excess of plan assets at December 31, 2012 and 2011:

	Pension Benefits
(in millions)	2012		2011
Projected benefit obligation	$	408.6	$	383.5
Fair value of plan assets		276.3		250.7

Summary of Pension Plans with Accumulated Benefit Obligations In Excess of Plan Assets

Summary of pension plans with accumulated benefit obligations in excess of plan assets at December 31, 2012 and 2011:

	Pension Benefits
(in millions)	2012		2011
Accumulated benefit obligation	$	400.0	$	379.3
Fair value of plan assets		272.8		250.7

Activity for Level Three Pension Plan Assets

The activity for Level 3 pension plan assets for 2012 and 2011 is as follows:

	Level 3 Pension Plan Assets
(in millions)	Domestic Plans			Foreign Plans
Balance, December 31, 2010	$	15.0		$	15.3
Actual return on plan assets:
Relating to assets held at year-end		(0.2	)		0.5
Purchases, sales, settlements and other, net		8.3			(0.5	)
Transfers in/(out)		(9.8	)		—
Balance, December 31, 2011	$	13.3		$	15.3
Actual return on plan assets:
Relating to assets held at year-end		1.3			0.6
Relating to assets sold during the period		(0.3	)		—
Purchases, sales, settlements and other, net		(0.2	)		0.3
Balance, December 31, 2012	$	14.1		$	16.2

Expected Benefit Payments for Pension and Postretirement Plans

Information about the expected benefit payments for the Company’s pension and postretirement plans are as follows:

Years Ending December 31,	Pension Plans		Postretirement Plans
	(in millions)
2013	$	27.8	$	0.6
2014		25.9		0.5
2015		24.3		0.5
2016		24.6		0.5
2017		24.5		0.5
Next 5 years		127.4		2.4

Pension Benefits, Domestic

Composition of Pension Plan Assets

The composition of domestic pension plan assets at December 31, 2012 and 2011 is as follows:

	Fair Value Measurements of Plan Assets—Domestic Plans
(in millions)	December 31, 2012
Asset Category	Level 1		Level 2		Level 3		Total
Equity securities and funds:
Domestic	$	10.5	$	33.7	$	—	$	44.2
International		—		48.6		—		48.6
Fixed income securities and funds:
Investment-grade		62.4		—		—		62.4
High-yield		—		14.0		—		14.0
Alternative investments		26.0		45.2		12.9		84.1
Cash and other		2.0		—		1.2		3.2
Total	$	100.9	$	141.5	$	14.1	$	256.5
	Fair Value Measurements of Plan Assets—Domestic Plans
(in millions)	December 31, 2011
Asset Category	Level 1		Level 2		Level 3		Total
Equity securities and funds:
Domestic	$	7.3	$	31.7	$	—	$	39.0
International		—		41.2		—		41.2
Fixed income securities and funds:
Investment-grade		60.7		—		—		60.7
High-yield		—		12.3		—		12.3
Alternative investments		22.5		42.8		12.0		77.3
Cash and other		2.8		—		1.3		4.1
Total	$	93.3	$	128.0	$	13.3	$	234.6

Pension Benefits, Foreign

Composition of Pension Plan Assets

The composition of foreign pension plan assets at December 31, 2012 and 2011 is as follows:

	Fair Value Measurements of Plan Assets—Foreign Plans
(in millions)	December 31, 2012
Asset Category	Level 1		Level 2		Level 3		Total
Equity securities and funds	$	5.9	$	—	$	—	$	5.9
Fixed income securities and funds		10.4		—		—		10.4
Cash and other		1.0		—		16.2		17.2
Total	$	17.3	$	—	$	16.2	$	33.5
	Fair Value Measurements of Plan Assets—Foreign Plans
(in millions)	December 31, 2011
Asset Category	Level 1		Level 2		Level 3		Total
Equity securities and funds	$	5.1	$	—	$	—	$	5.1
Fixed income securities and funds		8.9		—		—		8.9
Cash and other		0.9		—		15.3		16.2
Total	$	14.9	$	—	$	15.3	$	30.2