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Profit Sharing, Retirement Savings Plans and Defined Benefit Pension Plans (Tables)
 12 Months Ended
Dec. 31, 2017
Compensation and Retirement Disclosure [Abstract]  
Components of Net Periodic Benefit Cost
The following table shows the components of our net periodic benefit cost for the three years ended December 31, for our pension plans charged to operations:
 
 
Year Ended December 31,
(In millions)
 
2017
 
2016
 
2015
Net periodic benefit cost:
 
 
 
 
 
 
U.S. and international net periodic benefit cost (income) included in cost of sales
 
$
0.2

 
$
1.7

 
$
1.7

U.S. and international net periodic benefit cost included in selling, general and administrative expenses
 
0.8

 
10.2

 
9.2

Total benefit cost
 
$
1.0

 
$
11.9

 
$
10.9

The following table shows the components of our net periodic benefit cost (income) for the years ended December 31, for our pension plans charged to operations:
 
 
December 31, 2017
 
December 31, 2016
 
December 31, 2015
(In millions)
 
U.S.
 
International
 
Total
 
U.S.
 
International
 
Total
 
U.S.
 
International
 
Total
Components of net periodic benefit cost (income):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
0.1

 
$
6.9

 
$
7.0

 
$
0.6

 
$
10.0

 
$
10.6

 
$
0.7

 
$
10.7

 
$
11.4

Interest cost
 
6.8

 
16.1

 
22.9

 
7.8

 
18.3

 
26.1

 
8.6

 
21.8

 
30.4

Expected return on plan assets
 
(9.8
)
 
(30.6
)
 
(40.4
)
 
(10.0
)
 
(24.3
)
 
(34.3
)
 
(11.4
)
 
(28.3
)
 
(39.7
)
Other adjustments
 
—

 
—

 
—

 
1.3

 
—

 
1.3

 
—

 
—

 
—

Amortization of net prior service cost
 
—

 
(0.1
)
 
(0.1
)
 
—

 
—

 
—

 
—

 
—

 
—

Amortization of net actuarial loss
 
0.8

 
5.7

 
6.5

 
2.2

 
5.3

 
7.5

 
1.8

 
6.0

 
7.8

Net periodic benefit (income) cost
 
$
(2.1
)
 
$
(2.0
)
 
$
(4.1
)
 
$
1.9

 
$
9.3

 
$
11.2

 
$
(0.3
)
 
$
10.2

 
$
9.9

Cost (income) of settlement/curtailment
 
2.1

 
3.0

 
5.1

 
0.6

 
0.1

 
0.7

 
1.6

 
(0.6
)
 
1.0

Total benefit cost
 
$
—

 
$
1.0

 
$
1.0

 
$
2.5

 
$
9.4

 
$
11.9

 
$
1.3

 
$
9.6

 
$
10.9
Funded Status for Pension Plans
The following table presents our funded status for 2017 and 2016 for our U.S. and international pension plans. The measurement date used to determine benefit obligations and plan assets is December 31 for all material plans.
 
 
December 31, 2017
 
December 31, 2016
(In millions)
 
U.S.
 
International
 
Total
 
U.S.
 
International
 
Total
Change in benefit obligation:
 
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation at beginning of period
 
$
213.1

 
$
765.8

 
$
978.9

 
$
215.0

 
$
748.0

 
$
963.0

Service cost
 
0.1

 
6.9

 
7.0

 
0.6

 
10.0

 
10.6

Interest cost
 
6.8

 
16.1

 
22.9

 
7.8

 
18.3

 
26.1

Actuarial loss (gain)
 
11.3

 
16.5

 
27.8

 
8.9

 
72.6

 
81.5

Settlement/curtailment
 
(13.8
)
 
(21.2
)
 
(35.0
)
 
(11.4
)
 
(0.6
)
 
(12.0
)
Benefits paid
 
(12.9
)
 
(22.6
)
 
(35.5
)
 
(12.7
)
 
(27.2
)
 
(39.9
)
Employee contributions
 
—

 
2.2

 
2.2

 
—

 
2.8

 
2.8

Business divestiture
 
—

 
(120.2
)
 
(120.2
)
 
—

 
—

 
—

Other
 
0.1

 
1.1

 
1.2

 
4.9

 
(1.7
)
 
3.2

Foreign exchange impact
 
—

 
57.6

 
57.6

 
—

 
(56.4
)
 
(56.4
)
Projected benefit obligation at end of period
 
$
204.7

 
$
702.2

 
$
906.9

 
$
213.1

 
$
765.8

 
$
978.9

Change in plan assets:
 
 

 
 

 
 

 
 

 
 

 
 

Fair value of plan assets at beginning of period
 
$
150.3

 
$
621.5

 
$
771.8

 
$
156.7

 
$
603.6

 
$
760.3

Actual return on plan assets
 
19.3

 
50.8

 
70.1

 
9.1

 
80.5

 
89.6

Employer contributions
 
6.3

 
21.8

 
28.1

 
0.2

 
17.7

 
17.9

Employee contributions
 
—

 
2.2

 
2.2

 
—

 
2.8

 
2.8

Benefits paid
 
(12.9
)
 
(22.6
)
 
(35.5
)
 
(12.7
)
 
(27.2
)
 
(39.9
)
Settlement/curtailment
 
(14.3
)
 
(16.1
)
 
(30.4
)
 
(5.1
)
 
(0.5
)
 
(5.6
)
Business divestiture
 
—

 
(74.2
)
 
(74.2
)
 
—

 
—

 
—

Other
 
—

 
(0.5
)
 
(0.5
)
 
2.1

 
—

 
2.1

Foreign exchange impact
 
—

 
44.6

 
44.6

 
—

 
(55.4
)
 
(55.4
)
Fair value of plan assets at end of period
 
$
148.7

 
$
627.5

 
$
776.2

 
$
150.3

 
$
621.5

 
$
771.8

Underfunded status at end of year
 
$
(56.0
)
 
$
(74.7
)
 
$
(130.7
)
 
$
(62.8
)
 
$
(144.3
)
 
$
(207.1
)
Accumulated benefit obligation at end of year
 
$
204.8

 
$
688.9

 
$
893.7

 
$
213.1

 
$
720.6

 
$
933.7
Amounts Included in Consolidated Balance Sheets
Amounts included in the Consolidated Balance Sheet, excluding amounts held for sale and including plans which were deemed immaterial and not included above, consisted of:
 
 
December 31, 2017
 
December 31, 2016
(In millions)
 
U.S.
 
International
 
Total
 
U.S.
 
International
 
Total
Other assets
 
$
—

 
$
39.1

 
$
39.1

 
$
—

 
$
17.8

 
$
17.8

Other current liabilities
 
—

 
(2.4
)
 
(2.4
)
 
—

 
(2.5
)
 
(2.5
)
Other liabilities
 
(56.1
)
 
(113.3
)
 
(169.4
)
 
(61.1
)
 
(120.9
)
 
(182.0
)
Net amount recognized
 
$
(56.1
)
 
$
(76.6
)
 
$
(132.7
)
 
$
(61.1
)
 
$
(105.6
)
 
$
(166.7
)
Amounts in Accumulated Other Comprehensive Loss, Not Yet Recognized
The amounts in accumulated other comprehensive loss that have not yet been recognized as components of net periodic benefit cost at December 31, 2017 and 2016 are:
 
 
December 31, 2017
 
December 31, 2016
(In millions)
 
U.S.
 
International
 
Total
 
U.S.
 
International
 
Total
Unrecognized prior service costs
 
$
0.1

 
$
0.6

 
$
0.7

 
$
—

 
$
(1.2
)
 
$
(1.2
)
Unrecognized net actuarial loss
 
41.4

 
104.7

 
146.1

 
42.0

 
163.0

 
205.0

Total
 
$
41.5

 
$
105.3

 
$
146.8

 
$
42.0

 
$
161.8

 
$
203.8
Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss (Income)
Changes in plan assets and benefit obligations recognized in accumulated other comprehensive loss at December 31, 2017 and 2016 were as follows:
 
 
December 31, 2017
 
December 31, 2016
(In millions)
 
U.S.
 
International
 
Total
 
U.S.
 
International
 
Total
Current year actuarial loss (gain)
 
$
2.3

 
$
(8.7
)
 
$
(6.4
)
 
$
3.6

 
$
16.2

 
$
19.8

Amortization of actuarial loss
 
(0.8
)
 
(5.7
)
 
(6.5
)
 
(2.3
)
 
(5.3
)
 
(7.6
)
Business divestiture
 
—

 
(42.6
)
 
(42.6
)
 
—

 
—

 
—

Other adjustments
 
—

 
1.3

 
1.3

 
0.3

 
(0.1
)
 
0.2

Settlement/curtailment gain
 
(2.1
)
 
(2.3
)
 
(4.4
)
 
(0.6
)
 
(0.1
)
 
(0.7
)
Total
 
$
(0.6
)
 
$
(58.0
)
 
$
(58.6
)
 
$
1.0

 
$
10.7

 
$
11.7
Amounts in Accumulated Other Comprehensive Loss Expected to be Recognized in Next Fiscal Year
The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the year ending December 31, 2018 are as follows:
 
 
Year Ended 2018
(In millions)
 
U.S.
 
International
 
Total
Unrecognized prior service costs
 
$
—

 
$
—

 
$
—

Unrecognized net actuarial loss
 
1.0

 
2.5

 
3.5

Total
 
$
1.0

 
$
2.5

 
$
3.5
Information for Plans with Accumulated Benefit Obligations in Excess of Plan Assets
Information for plans with accumulated benefit obligations in excess of plan assets as of December 31, 2017 and 2016 are as follows:
 
 
December 31, 2017
 
December 31, 2016
(In millions)
 
U.S.
 
International
 
Total
 
U.S.
 
International
 
Total
Accumulated benefit obligation
 
$
204.8

 
$
338.7

 
$
543.5

 
$
213.1

 
$
412.0

 
$
625.1

Fair value of plan assets
 
148.7

 
236.2

 
384.9

 
150.3

 
283.3

 
433.6
Weighted Average Assumptions Used to Determine Benefit Obligations
Weighted average assumptions used to determine benefit obligations at December 31, 2017 and 2016 were as follows:
 
 
December 31, 2017
 
December 31, 2016
(In millions)
 
U.S.
 
International
 
U.S.
 
International
Benefit obligations
 
 

 
 

 
 

 
 

Discount rate
 
3.6
%
 
2.5
%
 
4.0
%
 
2.4
%
Rate of compensation increase
 
N/A

 
2.3
%
 
N/A

 
2.4
%
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost
Weighted average assumptions used to determine net periodic benefit cost for the years ended December 31, were as follows:
 
 
December 31, 2017
 
December 31, 2016
 
December 31, 2015
(In millions)
 
U.S.
 
International
 
U.S.
 
International
 
U.S.
 
International
Net periodic benefit cost
 
 

 
 

 
 

 
 

 
 

 
 

Discount rate
 
4.0
%
 
2.4
%
 
4.3
%
 
2.8
%
 
3.9
%
 
3.0
%
Expected long-term rate of return
 
6.7
%
 
5.0
%
 
6.7
%
 
4.3
%
 
6.5
%
 
4.7
%
Rate of compensation increase
 
N/A

 
2.4
%
 
3.0
%
 
2.5
%
 
3.0
%
 
2.4
%
Estimated Future Benefit Payments
We expect the following estimated future benefit payments, which reflect expected future service as appropriate, to be paid in the years indicated:
 
 
Amount
(In millions)
 
U.S.
 
International
 
Total
Year
 
 
 
 
 
 
2018
 
$
13.4

 
$
29.8

 
$
43.2

2019
 
12.5

 
25.9

 
38.4

2020
 
12.0

 
26.8

 
38.8

2021
 
12.5

 
29.7

 
42.2

2022
 
13.5

 
30.7

 
44.2

Thereafter
 
62.3

 
158.2

 
220.5

Total
 
$
126.2

 
$
301.1

 
$
427.3

Expected post-retirement benefits (net of Medicare Part D subsidies) for each of the next five years and succeeding five years are as follows:
(In millions)
 
 
Year
 
Amount
2018
 
$
5.3

2019
 
5.3

2020
 
5.1

2021
 
4.9

2022
 
4.4

Thereafter
 
16.5

Total
 
$
41.5
Fair Values of Pension Plan Assets, by Asset Category and Level of Fair Values
The fair values of our U.S. and international pension plan assets, by asset category and by the level of fair values are as follows: 
 
 
December 31, 2017
 
December 31, 2016
 
 
Total
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
(In millions)
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Cash and cash equivalents(1)
 
$
7.5

 
$
5.6

 
$
1.9

 
$
—

 
$
5.8

 
$
4.3

 
$
1.5

 
$
—

Fixed income funds(2)
 
385.9

 
—

 
385.9

 
—

 
371.9

 
—

 
371.9

 
—

Equity funds(3)
 
257.6

 
—

 
257.6

 
—

 
258.8

 
—

 
258.8

 
—

Other(4)
 
125.2

 
—

 
35.7

 
89.5

 
135.3

 
—

 
34.6

 
100.7

Total
 
$
776.2

 
$
5.6

 
$
681.1

 
$
89.5

 
$
771.8

 
$
4.3

 
$
666.8

 
$
100.7

 
       
(1) 
Short-term investment fund that invests in a collective trust that holds short-term highly liquid investments with principal preservation and daily liquidity as its primary objectives. Investments are primarily comprised of certificates of deposit, government securities, commercial paper, and time deposits.
(2) 
Fixed income funds that invest in a diversified portfolio primarily consisting of publicly traded government bonds and corporate bonds. There are no restrictions on these investments, and they are valued at the net asset value of shares held at year end.
(3) 
Equity funds that invest in a diversified portfolio of publicly traded domestic and international common stock, with an emphasis in European equities. There are no restrictions on these investments, and they are valued at the net asset value of shares held at year end.
(4) 
The majority of these assets are invested in real estate funds and other alternative investments. Also includes guaranteed insurance contracts, which consists of Company and employee contributions and accumulated interest income at guaranteed stated interest rates and provides for benefit payments and plan expenses.
Reconciliation of Plan Asset Measured Using Level 3 Inputs
The following table shows the activity of our U.S. and international plan assets, which are measured at fair value using Level 3 inputs.
 
 
December 31,
(In millions)
 
2017
 
2016
Balance at beginning of period
 
$
100.7

 
$
79.5

Gains on assets still held at end of year
 
2.3

 
4.8

Purchases, sales, issuance, and settlements
 
1.3

 
2.7

Transfers in and/or out of Level 3
 
(21.2
)
 
22.9

Foreign exchange gain (loss)
 
6.4

 
(9.2
)
Balance at end of period
 
$
89.5

 
$
100.7