Employee Retirement Plans (Tables)

Actuarial Assumptions



	Year Ended December 31,
	2013	2012	2011
Assumptions used to determine benefit obligations at the annual measurement date were:
Obligation discount rate	5.22%	4.25%	5.40%
Compensation increase rate	4.00%	4.00%	3.00%
Assumptions used to determine net periodic benefit costs were:
Obligation discount rate	4.25%	5.40%	5.90%
Long-term rate of return on plan assets	7.75%	7.75%	7.75%
Compensation increase rate	4.00%	3.00%	3.00%

Components of Net Retirement Cost



	Year Ended December 31,
	2013			2012			2011
	(in millions)
Expense Components
Service cost	$	1.1		$	0.9		$	0.8
Interest	18.5			19.4			19.6
Expected return on plan assets	(26.6		)	(22.9		)	(22.8		)
Amortization of actuarial loss	4.9			3.2			1.8
Prior service cost	0.1			0.1			0.1
Defined benefit expense	(2.0		)	0.7			(0.5		)
Profit sharing	12.3			11.9			9.3
Net expense	$	10.3		$	12.6		$	8.8

Obligations and Funded Status



	Year Ended December 31,
	2013			2012
	(in millions)
Accumulated Benefit Obligations	$	392.1		$	442.5
Projected Benefit Obligations:
Beginning of year	$	442.5		$	364.8
Service cost	1.1			0.9
Interest	18.5			19.4
Benefits paid	(15.8		)	(13.3		)
Actuarial (gain)/loss	(54.2		)	70.7
End of year	$	392.1		$	442.5
Plans' Assets:
Beginning of year	$	340.1		$	290.6
Actual return on assets	56.0			45.5
Employer contributions	18.9			17.3
Benefits paid	(15.8		)	(13.3		)
End of year	$	399.2		$	340.1

Consolidated Balance Sheet Components:
Other assets	$	17.8		$	—
Accrued liabilities	(10.7		)	(102.4		)
Net funded status	$	7.1		$	(102.4	)
Percent of projected benefit obligations funded	101.8		%	76.9		%

Amounts Recognized in Other Comprehensive Income (Loss)



	Year Ended December 31,
	2013		2012			2011
	(in millions)
Actuarial gain (loss)	$	83.7	$	(48.1	)	$	(47.3	)
Amortization of actuarial loss	4.9		3.2			1.7
Amortization of prior service cost	0.1		0.1			0.1
Total before income taxes	88.7		(44.8		)	(45.5		)
Income tax expense (benefit)	32.9		(16.7		)	(16.9		)
Net amount recognized in other comprehensive income (loss)	$	55.8	$	(28.1	)	$	(28.6	)

The estimated fair value of the plans' assets at December 31, 2013 and 2012, indicating input levels used to determine fair value, and the range of target asset allocations are as follows:



	Target Allocation	December 31, 2013		December 31, 2012
Cash and cash equivalents		2	%	1	%
Equity securities	60-80%	73		73
Debt securities	20-40%	25		26
Total		100	%	100	%



	Fair Value Measurement as of December 31, 2013
	(in millions)
	Level 1		Level 2		Level 3		Total

Temporary cash investments	$	7.0	$	—	$	—	$	7.0
Common trust funds	—		392.2		—		392.2
	$	7.0	$	392.2	$	—	$	399.2



	Fair Value Measurement as of December 31, 2012
	(in millions)
	Level 1		Level 2		Level 3		Total

Temporary cash investments	$	3.3	$	—	$	—	$	3.3
Common trust funds	—		336.8		—		336.8
	$	3.3	$	336.8	$	—	$	340.1

Benefit payments for the Company's defined benefit plans expected to be paid during the next ten years are as follows:



	Years ending December 31,
	(in millions)
2014	$	17.0
2015	18.1
2016	19.3
2017	20.5
2018	21.7
2019-2023	127.9