Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2012

Schedule Of Reconciliation Of Changes In The Benefit Obligations And Fair Value Of Plan Assets

The following table provides a reconciliation of the changes in the benefit obligations (the projected benefit obligation in the case of the pension plans and the accumulated postretirement benefit obligation in the case of the other postretirement plans) and in the fair value of plan assets for the years ended December 31, 2012 and 2011. The Company uses a December 31 measurement date for its pension and other postretirement benefit plans.


	Pension Benefits												Other
	U.S. Plans						Non-U.S. Plans						Postretirement Benefits
	2012			2011			2012			2011			2012			2011
Reconciliation of benefit obligations:
Obligations as of January 1	$	74,867			71,116		$	224,507			219,832		$	15,841			14,896
Service cost		—			—			1,136			1,205			27			28
Interest cost		3,191			3,505			10,697			12,179			591			769
Participant contributions		—			—			45			50			—			—
Actuarial losses (gains)		4,040			5,456			26,026			(843	)		(382	)		1,811
Plan amendments		—			—			85			—			(9,573	)		—
Benefit payments		(5,184	)		(5,210	)		(8,317	)		(8,109	)		(1,159	)		(1,497	)
Transfers		—			—			—			3,238			—			—
Effect of foreign currency exchange rate changes		—			—			9,037			(3,045	)		(32	)		(166	)
Benefit obligations as of December 31	$	76,914			74,867		$	263,216			224,507		$	5,313			15,841
Reconciliation of fair value of plan assets:
Fair value of plan assets as of January 1	$	54,687			52,169		$	161,088			158,329
Actual return on plan assets		7,097			1,150			17,770			3,734
Transfers		—			—			—			2,617
Employer contributions		3,585			6,578			5,571			5,850
Participant contributions		—			—			45			50
Benefit payments and plan expenses		(5,184	)		(5,210	)		(8,317	)		(8,109	)
Effect of foreign currency exchange rate changes		—			—			7,037			(1,383	)
Fair value of plan assets as of December 31	$	60,185			54,687		$	183,194			161,088
Funded status as of December 31	$	(16,729	)		(20,180	)	$	(80,022	)		(63,419	)	$	(5,313	)		(15,841	)

Amounts Recognized As A Component Of Accumulated Other Comprehensive Income

Amounts recognized as a component of accumulated other comprehensive income at December 31, 2012 and 2011 that have not been recognized as a component of net periodic benefit cost are presented in the following table:


	Pension Benefits								Other Postretirement Benefits
	U.S. Plans				Non-U.S. Plans				Other Postretirement Benefits
	2012		2011		2012		2011		2012			2011
Net actuarial losses (gains)	$	26,821		27,463	$	52,617		33,454	$	(6,693	)		(7,213	)
Prior-service cost (credit)		1		1		384		323		(9,431	)		(259	)
Amounts included in accumulated other comprehensive income	$	26,822		27,464	$	53,001		33,777	$	(16,124	)		(7,472	)

Schedule Of Amounts Recognized In Balance Sheet

Total pension and other postretirement benefit liabilities are included in the following captions in the Consolidated Balance Sheets at December 31, 2012 and 2011:


	2012			2011
Accrued liabilities	$	(2,588	)		(2,779	)
Postretirement benefits other than pensions		(4,046	)		(14,462	)
Other liabilities		(95,430	)		(82,199	)
Total pension and other postretirement accrued benefit liability	$	(102,064	)		(99,440	)

Accumulated Benefit Obligation In Excess Of Plan Assets

The following table provides information for pension plans with an accumulated benefit obligation in excess of plan assets at December 31:


	U.S. Plans				Non-U.S. Plans
	2012		2011		2012		2011
Projected benefit obligation	$	76,914		74,867	$	262,386		223,833
Accumulated benefit obligation		76,914		74,867		242,937		205,957
Fair value of plan assets		60,185		54,687		182,297		160,397

Components Of Net Periodic Benefit Cost And Other Amounts Recognized In Other Comprehensive Income

The following table provides the components of net periodic benefit cost and other amounts recognized in other comprehensive income, before income tax effects, for the years ended December 31, 2012, 2011 and 2010:


	Pension Benefits																		Other Postretirement Benefits
	U.S. Plans									Non-U.S. Plans									Other Postretirement Benefits
	2012			2011			2010			2012			2011			2010			2012			2011			2010
Net periodic benefit cost (income):
Service cost	$	—			—			—		$	1,136			1,205			1,054		$	27			28			26
Interest cost		3,191			3,505			3,738			10,697			12,179			11,650			591			769			888
Expected return on plan assets		(4,192	)		(4,118	)		(3,603	)		(10,337	)		(11,256	)		(10,390	)		—			—			—
Amortization of prior-service cost (credit)		—			—			—			36			37			29			(401	)		(59	)		(128	)
Amortization of net loss (gain)		1,778			1,231			1,340			1,243			904			983			(893	)		(1,271	)		(1,446	)
Net periodic benefit cost (income)		777			618			1,475			2,775			3,069			3,326		$	(676	)		(533	)		(660	)
Gain due to settlements or curtailments		—			—			—			—			—			(818	)		—			—			—
Total net periodic benefit cost (income) recognized	$	777			618			1,475		$	2,775			3,069			2,508		$	(676	)		(533	)		(660	)
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Net actuarial loss (gain)	$	1,136			8,423			(1,032	)	$	18,593			6,641			(582	)	$	(382	)		1,812			(1,304	)
Amortization of net actuarial (loss) gain		(1,778	)		(1,231	)		(1,340	)		(1,243	)		(904	)		(917	)		893			1,271			1,446
Prior service cost (credit)		—			—			—			84			—			127			(9,573	)		—			—
Amortization of prior service (cost) credit		—			—			—			(36	)		(37	)		(29	)		401			59			128
Effect of foreign currency exchange rate changes		—			—			—			1,827			(442	)		(3,704	)		9			39			(16	)
Total recognized in other comprehensive income	$	(642	)		7,192			(2,372	)	$	19,225			5,258			(5,105	)	$	(8,652	)		3,181			254
Total recognized in net periodic benefit cost and other comprehensive income	$	135			7,810			(897	)	$	22,000			8,327			(2,597	)	$	(9,328	)		2,648			(406	)

Assumptions Used To Determine Net Periodic Benefit Cost And Benefit Obligations

The following weighted-average actuarial assumptions were used to determine net periodic benefit cost for the years ended December 31:


	Pension Benefits																		Other Postretirement Benefits
	U.S. Plans									Non-U.S. Plans									Other Postretirement Benefits
	2012			2011			2010			2012			2011			2010			2012			2011			2010
Discount rate		4.6	%		5.3	%		5.7	%		4.8	%		5.4	%		5.7	%		4.8	%		5.5	%		6.0	%
Expected long-term rate of return on plan assets		8.0	%		7.8	%		7.8	%		6.3	%		6.8	%		7.2	%		N/A			N/A			N/A
Rate of compensation increases		N/A			N/A			N/A			3.0	%		3.6	%		3.8	%		N/A			N/A			N/A

The following weighted-average actuarial assumptions were used to determine benefit obligations at December 31:


	Pension Benefits																		Other Postretirement Benefits
	U.S. Plans									Non-U.S. Plans									Other Postretirement Benefits
	2012			2011			2010			2012			2011			2010			2012			2011			2010
Discount rate		3.8	%		4.6	%		5.3	%		4.2	%		4.8	%		5.4	%		4.3	%		4.8	%		5.5	%
Rate of compensation increases		N/A			N/A			N/A			3.0	%		3.0	%		3.6	%		N/A			N/A			N/A

Schedule Of Health Care Cost Trend Rates

The following actuarial assumptions were used to determine other postretirement benefit plans costs and obligations as of December 31:


	2012			2011			2010
Healthcare cost trend rate assumed for next year		8.2	%		9.8	%		7.0	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		5.6	%		5.1	%		5.2	%
Year that the rate reaches the ultimate trend rate		2020			2021			2015

Effects Of A One-Percentage-Point Change In Assumed Healthcare Cost Trend Rates

The following table provides the effects of a one-percentage-point change in assumed healthcare cost trend rates as of December 31, 2012:


	1% Increase		1% Decrease
Effect on total of service and interest cost components of net periodic benefit cost — increase (decrease)	$	10	$	(8	)
Effect on the postretirement benefit obligation — increase (decrease)		89		(74	)

Estimated Benefit Payments For The Next Five Years And For The Years 2018 Through 2022

The following table reflects the estimated benefit payments for the next five years and for the years 2018 through 2022. The estimated benefit payments for the non-U.S. pension plans were calculated using foreign exchange rates as of December 31, 2012.


	Pension Benefits
	U.S. Plans		Non-U.S. Plans		Other Postretirement Benefits
2013	$	6,166		7,963		1,291
2014		5,880		8,350		333
2015		5,372		9,515		303
2016		5,409		10,291		284
2017		4,896		11,018		278
Aggregate 2018-2022		24,769		64,664		1,264

Long-Term Target Allocations Of Assets For U.S And U.K Plans

The following table presents the long-term target allocations for these two plans as of December 31, 2012:


	U.S. Plan			UK Plan
Asset category:
Cash and cash equivalents		—			4%
Equity		60	%		50%
Fixed income		38	%		26%
Real estate and other		2	%		20%
Total		100	%		100%

Changes In Fair Value Of Plan Assets

The following tables present the fair values of the Company’s pension plan assets at December 31, 2012 and 2011:


	December 31, 2012
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Asset Category
Cash and cash equivalents⁽¹⁾	$	448		4,222		—		4,670
Equity securities:
U.S. large-cap		—		32,165		—		32,165
U.S. mid-cap and small-cap		—		3,638		—		3,638
International⁽²⁾		15,207		93,196		—		108,403
Total Equity securities		15,207		128,999		—		144,206
Fixed income securities:
Corporate bonds — domestic		—		16,536		—		16,536
Corporate bonds — international		—		20,575		—		20,575
UK Index-Linked Gilts		—		22,492		—		22,492
Diversified domestic securities		—		5,502		—		5,502
Total Fixed income securities		—		65,105		—		65,105
Other types of investments:
U.S. real estate⁽³⁾		—		1,445		—		1,445
International real estate⁽³⁾		—		15,766		—		15,766
Other⁽⁴⁾		—		—		12,187		12,187
Total	$	15,655		215,537		12,187		243,379


	December 31, 2011
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Asset Category
Cash and cash equivalents⁽¹⁾	$	—		6,403		—		6,403
Equity securities:
U.S. large-cap		—		29,329		—		29,329
U.S. mid-cap and small-cap		—		3,346		—		3,346
International⁽²⁾		—		80,409		—		80,409
Total Equity securities		—		113,084		—		113,084
Fixed income securities:
Corporate bonds — domestic		—		18,371		—		18,371
Corporate bonds — international		—		28,950		—		28,950
UK Index-Linked Gilts		—		22,041		—		22,041
Diversified domestic securities		—		1,594		—		1,594
Total Fixed income securities		—		70,956		—		70,956
Other types of investments:
U.S. real estate⁽³⁾		—		1,289		—		1,289
International real estate⁽³⁾		—		12,463		—		12,463
Other ⁽⁴⁾		—		—		11,580		11,580
Total	$	—		204,195		11,580		215,775

(1)	Cash and cash equivalents consist of traditional domestic and foreign highly liquid short-term securities with the goal of providing liquidity and preservation of capital while maximizing return on assets.

(2)	The International category consists of investment funds focused on companies operating in developed and emerging markets outside of the U.S. These investments target broad diversification across large and mid/small-cap companies and economic sectors.

(3)	U.S. and International real estate consists primarily of equity and debt investments made, directly or indirectly, in various interests in unimproved and improved real properties.

(4)

Other investments consist of insurance and reinsurance contracts securing the retirement benefits. The fair value of these contracts was calculated at the discount value of premiums paid by the Company, less expenses charged by the insurance providers. The insurance providers with which the Company has placed these contracts are well-known financial institutions with an established history of providing insurance services.