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Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2017

ASSUMPTIONS USED TO DETERMINE THE NET PERIODIC BENEFIT COST FOR YEARS ENDED DECEMBER 31

	U.S.
% WEIGHTED AVERAGE	2017		2016		2015
Discount rate		4.15		4.50		4.00
Rate of increases in compensation level		2.65		2.65		3.50
Expected long-term rate of return on assets		7.08		7.08		7.08

Pension Plans, Defined Benefit

Schedule of Changes in Benefit Obligations and Plan Assets

CHANGES IN BENEFIT OBLIGATIONS AND PLAN ASSETS FOR THE PERIODS ENDED DECEMBER 31

	U.S.						Non-U.S.
	2017			2016			2017			2016
Benefit obligation at beginning of year	$	361.2		$	324.6		$	260.6		$	215.8
Service cost		9.0			8.3			15.5			14.9
Interest cost		14.8			14.6			6.9			7.0
Actuarial (gain) loss due to:
Change in discount rate		53.4			25.9			7.2			21.4
Experience		(2.0	)		5.9			(4.4	)		(2.0	)
Other assumption changes		4.2			(6.5	)		1.1			0.5
Plan participants’ contributions		—			—			0.1			0.1
Plan amendments		—			—			0.0			2.1
Benefits paid		(9.8	)		(11.6	)		(9.0	)		(8.7	)
Curtailments		(62.2	)		—			(2.7	)		(6.9	)
Special termination benefits		—			—			0.3			0.1
Acquisition		—			—			0.5			35.3
Other		—			—			(0.3	)		(0.3	)
Translation difference		—			—			24.1			(18.7	)
Benefit obligation at end of year	$	368.6		$	361.2		$	299.9		$	260.6

Fair value of plan assets at beginning of year	$	256.5		$	240.0		$	127.8		$	103.4
Actual return on plan assets		44.5			21.3			5.4			12.1
Company contributions		6.7			6.8			11.9			9.8
Plan participants’ contributions		—			—			0.1			0.1
Benefits paid		(9.8	)		(11.6	)		(9.0	)		(8.7	)
Settlements		—			—			(2.7	)		(0.6	)
Acquisition		—			—			0.6			25.9
Other		—			—			(0.3	)		(0.3	)
Translation difference		—			—			10.9			(13.9	)
Fair value of plan assets at year end	$	297.9		$	256.5		$	144.7		$	127.8
Funded status recognized in the balance sheet	$	(70.7	)	$	(104.7	)	$	(155.2	)	$	(132.8	)

Schedule of Components of Net Periodic Benefit Cost

COMPONENTS OF NET PERIODIC BENEFIT COST ASSOCIATED WITH THE DEFINED BENEFIT RETIREMENT PLANS

	U.S.
	2017			2016			2015
Service cost	$	9.0		$	8.3		$	9.9
Interest cost		14.8			14.6			14.4
Expected return on plan assets		(17.6	)		(16.6	)		(17.5	)
Amortization of prior service credit		0.0			(0.9	)		(1.0	)
Amortization of actuarial loss		6.0			4.8			7.7
Curtailment loss (gain)		0.2			—			—
Net periodic benefit cost	$	12.4		$	10.2		$	13.5

COMPONENTS OF NET PERIODIC BENEFIT COST ASSOCIATED WITH THE DEFINED BENEFIT RETIREMENT PLANS (CONTINUED)

	Non-U.S.
	2017			2016			2015
Service cost	$	15.5		$	14.9		$	14.4
Interest cost		6.9			7.0			7.0
Expected return on plan assets		(3.8	)		(3.9	)		(3.8	)
Amortization of prior service costs		0.5			0.4			0.3
Amortization of actuarial loss		2.1			1.5			3.1
Settlement loss (gain)		0.0			(2.5	)		0.0
Curtailment loss (gain)		—			0.1			0.0
Special termination benefits		0.3			0.1			0.1
Net periodic benefit cost	$	21.5		$	17.6		$	21.1

Schedule of Components of Accumulated Other Comprehensive Income Before Tax

COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME BEFORE TAX AS OF DECEMBER 31

	U.S.				Non-U.S.
	2017		2016		2017		2016
Net actuarial loss (gain)	$	56.2	$	95.6	$	39.1	$	35.7
Prior service cost (credit)		0.1		0.3		3.7		3.8
Total accumulated other comprehensive income recognized in the balance sheet	$	56.3	$	95.9	$	42.8	$	39.5

Schedule Of Changes In Accumulated Other Comprehensive Income Before Tax Table Text Block

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BEFORE TAX FOR THE PERIODS ENDED DECEMBER 31

	U.S.						Non-U.S.
	2017			2016			2017			2016
Total retirement benefit recognized in accumulated other comprehensive income at beginning of year	$	95.9		$	79.3		$	39.5		$	34.2
Net actuarial loss (gain)		(33.4	)		20.5			2.1			7.8
Prior service cost		—			—			0.0			2.1
Amortization of prior service credit (cost)		(0.2	)		0.9			(0.5	)		(0.6	)
Amortization of actuarial loss		(6.0	)		(4.8	)		(2.1	)		(1.9	)
Translation difference		—			—			3.8			(2.1	)
Total retirement benefit recognized in accumulated other comprehensive income at end of year	$	56.3		$	95.9		$	42.8		$	39.5

Schedule of Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets

PENSION PLANS FOR WHICH ABO EXCEEDS THE FAIR VALUE OF PLAN ASSETS AS OF DECEMBER 31

	U.S.				Non-U.S.
	2017		2016		2017		2016
Projected Benefit Obligation (PBO)	$	368.6	$	361.2	$	185.5	$	185.7
Accumulated Benefit Obligation (ABO)	$	336.9	$	292.4	$	147.1	$	152.5
Fair value of plan assets	$	297.9	$	256.5	$	29.6	$	54.9

Schedule of Assumptions Used

ASSUMPTIONS USED TO DETERMINE THE BENEFIT OBLIGATIONS AS OF DECEMBER 31

	U.S.				Non-U.S.¹⁾
% WEIGHTED AVERAGE	2017		2016		2017	2016
Discount rate		3.55		4.15	0.25-3.60	0.50-3.90
Rate of increases in compensation level		2.65		2.65	2.00-5.00	2.00-5.00

Schedule of Fair Value of Total Plan Assets

FAIR VALUE OF TOTAL PLAN ASSETS FOR YEARS ENDED DECEMBER 31

	U.S.		U.S.				Non-U.S.
ASSETS CATEGORY IN % WEIGHTED AVERAGE	Target allocation		2017		2016		2017		2016
Equity securities		55		56		56		17		14
Debt instruments		45		43		43		51		52
Other assets		—		1		1		32		34
Total		100		100		100		100		100

Schedule of Fair Value of Company's Plan Assets

The following table summarizes the fair value of the Company’s U.S. and non-U.S. defined benefit pension plan assets:

	Fair value measurement at December 31, 2017		Fair value measurement at December 31, 2016
Assets
U.S. Equity
Large Cap	$	15.7	$	5.0
Non-U.S. Equity		8.1		13.2
Non-U.S. Bonds
Corporate		67.0		60.4
Aggregate		7.3		5.9
Insurance Contracts		38.8		36.7
Other Investments		11.0		9.8
Assets at fair value Level 2		147.9		131.0
Investments measured at net asset value (NAV):
Common collective trusts		294.7		253.3
Total	$	442.6	$	384.3

Schedule of Expected Benefits Payments

PENSION BENEFITS EXPECTED PAYMENTS	U.S.		Non-U.S.
2018	$	17.5	$	9.7
2019	$	18.6	$	11.5
2020	$	20.3	$	11.7
2021	$	23.6	$	12.7
2022	$	26.0	$	12.6
Years 2023-2027	$	149.0	$	80.4

Non-U.S. Pension Plans

Schedule of Assumptions Used

ASSUMPTIONS USED TO DETERMINE THE NET PERIODIC BENEFIT COST FOR YEARS ENDED DECEMBER 31

	Non-U.S.¹⁾
% WEIGHTED AVERAGE	2017	2016	2015
Discount rate	0.50-3.90	0.50-4.10	0.50-4.00
Rate of increases in compensation level	2.00-5.00	2.25-5.00	2.25-5.00
Expected long-term rate of return on assets	1.50-6.00	1.50-6.15	2.60-6.15

Postretirement Benefits Other Than Pensions

Schedule of Changes in Benefit Obligations and Plan Assets

CHANGES IN BENEFIT OBLIGATIONS AND PLAN ASSETS FOR POSTRETIREMENT BENEFIT PLANS OTHER THAN PENSIONS AS OF DECEMBER 31

	2017			2016			2015
Benefit obligation at beginning of year	$	18.5		$	19.3		$	21.0
Service cost		0.4			0.4			0.5
Interest cost		0.7			0.8			0.8
Actuarial (gain) loss due to:
Change in discount rate		1.6			0.7			(1.2	)
Experience		(0.9	)		(0.1	)		(0.9	)
Other assumption changes		—			(2.9	)		(0.9	)
Plan amendments		0.1			0.2			0.0
Benefits paid		(0.2	)		(0.3	)		(0.2	)
Other		0.9			0.4			0.2
Benefit obligation at end of year	$	21.1		$	18.5		$	19.3
Fair value of plan assets at beginning of year	$	—		$	—		$	—
Company contributions		0.2			0.3			0.2
Benefits paid		(0.2	)		(0.3	)		(0.2	)
Fair value of plan assets at end of year	$	—		$	—		$	—
Accrued postretirement benefit cost recognized in the balance sheet	$	21.1		$	18.5		$	19.3

Schedule of Components of Net Periodic Benefit Cost

COMPONENTS OF NET PERIODIC BENEFIT COST ASSOCIATED WITH THE POST RETIREMENT BENEFIT PLANS OTHER THAN PENSIONS

PERIOD ENDED DECEMBER 31	2017			2016			2015
Service cost	$	0.4		$	0.4		$	0.5
Interest cost		0.7			0.8			0.8
Amortization of prior service cost		(2.3	)		(2.1	)		(2.2	)
Amortization of actuarial loss		(0.5	)		(0.1	)		(0.1	)
Net periodic benefit (credit) cost	$	(1.7	)	$	(1.0	)	$	(1.0	)

Schedule of Components of Accumulated Other Comprehensive Income Before Tax

COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME BEFORE TAX ASSOCIATED WITH POSTRETIREMENT BENEFIT PLANS OTHER THAN PENSIONS AS OF DECEMBER 31

	U.S.						Non-U.S.
	2017			2016			2017			2016
Net actuarial loss (gain)	$	(3.7	)	$	(4.8	)	$	1.5		$	(1.5	)
Prior service cost (credit)		(10.6	)		(12.8	)		(0.4	)		0.2
Total accumulated other comprehensive income recognized in the balance sheet	$	(14.3	)	$	(17.6	)	$	1.1		$	(1.3	)

Schedule of Expected Benefits Payments

The estimated future benefit payments for the postretirement benefits reflect expected future service as appropriate.

POSTRETIREMENT BENEFITS	EXPECTED PAYMENTS
2018	$	0.5
2019	$	0.6
2020	$	0.6
2021	$	0.7
2022	$	0.8
Years 2023–2027	$	4.5