OTHER POSTRETIREMENT BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2012

Estimated Amortization To Be Recognized In Net Periodic Benefit Cost

The following table reflects the estimated amortization to be recognized in net periodic benefit cost in 2013:

Estimated Amortization in 2013	Expense (Benefit)
(in millions)
Net actuarial loss	$	0.3
Net prior service cost		(3.8	)
	$	(3.5	)

Postretirement Benefits

Summary Of Weighted-Average Assumptions Used To Determine Pension Benefit Obligations

Weighted-average discount rate assumptions used to determine postretirement benefit obligations and periodic postretirement costs are as follows:

FOR THE YEARS ENDED DECEMBER 31	2012		2011
Postretirement benefit obligations discount rate		4.25%		5.00%
Postretirement benefit cost discount rate		5.00%		5.50%

Funded Status Of Plans

The following table reflects the funded status of these plans:

DECEMBER 31	2012			2011
(in millions)
Change in benefit obligation:
Accumulated postretirement benefit obligation, beginning of year	$	46.0		$	45.8
Service cost		0.1			0.1
Interest cost		2.1			2.4
Net actuarial (gains) losses		(0.2	)		0.4
Benefits paid		(2.8	)		(2.7	)
Accumulated postretirement benefit obligation, end of year		45.2			46.0
Fair value of plan assets, end of year		—			—
Funded status of plans	$	(45.2	)	$	(46.0	)

Components Of Net Periodic (Benefit) Cost

The components of net periodic postretirement (benefit) expense were as follows:

FOR THE YEARS ENDED DECEMBER 31	2012			2011			2010
(in millions)
Service cost	$	0.1		$	0.1		$	0.1
Interest cost		2.1			2.4			2.7
Recognized net actuarial loss		0.2			0.4			0.4
Amortization of prior service cost		(3.8	)		(5.3	)		(5.9	)
Net periodic postretirement benefit	$	(1.4	)	$	(2.4	)	$	(2.7	)

Accumulated Other Comprehensive (Income) Loss Related To Postretirement Benefit Plans

The following table reflects the balances in accumulated other comprehensive income relating to the Company’s postretirement benefit plans:

DECEMBER 31	2012			2011
(in millions)
Net actuarial loss	$	7.2		$	7.7
Net prior service cost		(7.5	)		(11.3	)
	$	(0.3	)	$	(3.6	)

Expected Benefit Payments

The Company estimates that benefit payments over the next 10 years will be as follows:

FOR THE YEARS ENDING DECEMBER 31
(in millions)
2013	$	4.1
2014		3.9
2015		3.7
2016		3.5
2017		3.3
2018-2022		14.8

Assumed Health Care Cost Trend Rates

Assumed health care cost trend rates are as follows:

DECEMBER 31	2012		2011
Health care cost trend rate assumed for next year		7.00%		7.50%
Rate to which the cost trend is assumed to decline (ultimate trend rate)		5.00%		5.00%
Year the rate reaches the ultimate trend rate		2017		2017

Chaucer Pension Scheme

Summary Of Weighted-Average Assumptions Used To Determine Pension Benefit Obligations

Weighted-average assumptions used to determine the Chaucer pension benefit obligations are as follows:

DECEMBER 31	2012		2011
Discount rate		4.80%		4.90%
Rate of increase in future compensation		4.20%		4.30%

U.S. Defined Benefit Plans

Summary Of Weighted-Average Assumptions Used To Determine Pension Benefit Obligations

Weighted-average assumptions used to determine the U.S. pension benefit obligations are as follows:

DECEMBER 31	2012		2011		2010
Discount rate – qualified plan		4.25%		5.13%		5.63%
Discount rate – non-qualified plan		4.13%		5.00%		5.50%
Cash balance interest crediting rate		3.50%		4.00%		4.50%

Pension Benefits

Funded Status Of Plans

The following table reflects the benefit obligations, fair value of plan assets and funded status of the plans at December 31, 2012 and 2011. U.S. qualified and non-qualified plan amounts represent activity for the calendar year. Chaucer pension plan amounts in 2012 represent activity for the calendar year and in 2011 reflect activity since the date of acquisition of July 1, 2011.

DECEMBER 31	U.S. Qualified Pension Plans						U.S. Non-Qualified Pension Plans						Chaucer Pension Plan
(in millions)	2012			2011			2012			2011			2012			2011
Accumulated benefit obligation	$	607.0		$	570.8		$	41.2		$	39.2		$	116.6		$	104.4
Change in benefit obligation:
Projected benefit obligation, beginning of period	$	570.8		$	548.0		$	39.2		$	39.1		$	104.4		$	99.7
Employee contributions		—			—			—			—			0.4			0.3
Service cost – benefits earned during the period		—			—			—			—			1.6			0.7
Interest cost		28.1			29.6			1.9			2.0			5.2			2.7
Actuarial losses		49.0			24.5			3.3			1.2			1.8			6.4
Benefits paid		(40.9	)		(31.3	)		(3.2	)		(3.1	)		(2.4	)		(1.9	)
Foreign currency translation		—			—			—			—			5.6			(3.5	)
Projected benefit obligation, end of year		607.0			570.8			41.2			39.2			116.6			104.4
Change in plan assets:
Fair value of plan assets, beginning of period		574.7			547.8			—			—			74.3			82.1
Actual return on plan assets		57.8			58.2			—			—			9.9			(4.6	)
Company contribution		—			—			3.2			3.1			4.5			1.0
Employee contributions		—			—			—			—			0.4			0.3
Benefits paid		(40.9	)		(31.3	)		(3.2	)		(3.1	)		(2.4	)		(1.9	)
Foreign currency translation		—			—			—			—			4.2			(2.6	)
Fair value of plan assets, end of year		591.6			574.7			—			—			90.9			74.3
Funded status of the plans	$	(15.4	)	$	3.9		$	(41.2	)	$	(39.2	)	$	(25.7	)	$	(30.1	)

Components Of Net Periodic (Benefit) Cost

The components of total net periodic pension cost are as follows:

FOR THE YEARS ENDED DECEMBER 31	2012			2011			2010
(in millions)
Service cost – benefits earned during the period	$	1.6		$	0.7		$	0.1
Interest cost		35.2			34.3			32.6
Expected return on plan assets		(38.7	)		(37.1	)		(35.1	)
Recognized net actuarial loss		12.8			15.0			16.8
Amortization of transition asset		—			—			(1.6	)
Amortization of prior service cost		0.1			0.1			0.1
Net periodic pension cost	$	11.0		$	13.0		$	12.9

Accumulated Other Comprehensive (Income) Loss Related To Postretirement Benefit Plans

The following table reflects the total amounts recognized in accumulated other comprehensive income relating to both the U.S. defined benefit pension plans and the Chaucer pension plan as of December 31, 2012 and 2011.

DECEMBER 31	2012		2011
(in millions)
Net actuarial loss	$	147.3	$	135.0
Net prior service cost		—		0.1
	$	147.3	$	135.1

Expected Benefit Payments

The Company estimates that benefit payments over the next 10 years will be as follows:

FOR THE YEARS ENDED DECEMBER 31	2013		2014		2015		2016		2017		2018 - 2022
(in millions)
Qualified pension plans	$	39.1	$	39.8	$	40.5	$	40.3	$	41.8	$	208.0
Non-qualified pension plans	$	3.1	$	3.2	$	3.4	$	3.1	$	3.0	$	14.3
Chaucer pension plan	$	2.5	$	2.6	$	2.7	$	2.8	$	2.9	$	15.9