XML 1129 R74.htm IDEA: XBRL DOCUMENT v2.4.0.8
Pension Plans and Other Postretirement Benefit Plans (Details 2) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Change in Projected Benefit Obligation (PBO):      
Benefit obligation at beginning of year $ 1,954.9    
Benefit obligation at end of year 1,873.2 1,954.9  
Change in Plan Assets:      
Fair value of plan assets at beginning of year    [1]    [1]  
Fair value of plan assets at end of year    [1]    [1]    [1]
Amounts recognized in the Consolidated Balance Sheets consist of:      
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent 16.7 32.1  
Current liabilities (15.0) (14.0)  
Noncurrent liabilities (66.2)    
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Income) Loss      
Net prior service credit (1.7)   (0.4)
Amortization of prior service cost (credit) (0.7) (0.8) (1.1)
Estimated net deferred actuarial loss and prior service cost that will be amortized from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal year      
Other Comprehensive Income, Amortization of Defined Benefit Plan, Net Deferred Actuarial Gain (Loss) Recognized in Net Periodic Benefit Cost before Tax 0.4 0.6 0.6
Prior service cost that will be amortized from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal year 0.3    
Pension Plans
     
Pension plans and other postretirement benefit plans      
Defined Benefit Plan, Accumulated Benefit Obligation 1,772 1,849  
Change in Projected Benefit Obligation (PBO):      
Benefit obligation at beginning of year 1,954.9 1,735.1  
Service cost 36.3 30.4  
Interest cost 72.5 77.3  
Plan participants' contributions 0.6 0.6  
Amendments    0  
Actuarial (gain) loss (99.1) 190.5  
Medicare subsidy receipts        
Benefits paid (101.3) (89.5)  
Currency exchange translation adjustments 9.3 10.5  
Benefit obligation at end of year 1,873.2 1,954.9 1,735.1
Change in Plan Assets:      
Fair value of plan assets at beginning of year 1,445.3 1,250.4  
Actual return on plan assets 37.9 148.7  
Employer contributions 68.3 126.8  
Plan participants' contributions 0.6 0.6  
Medicare subsidy receipts        
Benefits paid (101.3) (89.5)  
Currency exchange translation adjustments 0.9 8.3  
Fair value of plan assets at end of year 1,451.7 1,445.3 1,250.4
Net funded status (421.5) (509.6)  
Amounts recognized in the Consolidated Balance Sheets consist of:      
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent 16.7 32.1  
Current liabilities (15.0) (14.0)  
Noncurrent liabilities (423.2) (527.7)  
Net amount recognized (421.5) (509.6)  
Amounts recognized in Accumulated Other Comprehensive Loss consist of:      
Accumulated actuarial loss (gain)        
Prior service cost (credit) 1.2 1.9  
Net amount recognized 1.2 1.9  
Estimated net deferred actuarial loss and prior service cost that will be amortized from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal year      
Other Comprehensive Income, Amortization of Defined Benefit Plan, Net Deferred Actuarial Gain (Loss) Recognized in Net Periodic Benefit Cost before Tax 0.4 0.6 0.6
Prior service cost that will be amortized from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal year 0.7    
Pension Plans | Overfunded pension plans
     
Amounts recognized in the Consolidated Balance Sheets consist of:      
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent 16.7 32.1  
U.S. qualified pension plans
     
Change in Projected Benefit Obligation (PBO):      
Benefit obligation at beginning of year 1,425.6 1,282.3  
Service cost 25.2 21.5 18.2
Interest cost 51.9 55.9 60.3
Plan participants' contributions        
Amendments        
Actuarial (gain) loss (96.7) 132.3  
Medicare subsidy receipts        
Benefits paid (79.2) (66.4)  
Currency exchange translation adjustments        
Benefit obligation at end of year 1,326.8 1,425.6 1,282.3
Change in Plan Assets:      
Fair value of plan assets at beginning of year 1,131.7 955.3  
Actual return on plan assets 37.1 127.9  
Employer contributions 55.6 114.9  
Plan participants' contributions        
Medicare subsidy receipts        
Benefits paid (79.2) (66.4)  
Currency exchange translation adjustments        
Fair value of plan assets at end of year 1,145.2 1,131.7 955.3
Net funded status (181.6) (293.9)  
Amounts recognized in the Consolidated Balance Sheets consist of:      
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent    0  
Current liabilities (5.8) (5.8)  
Noncurrent liabilities (175.8) (288.1)  
Net amount recognized (181.6) (293.9)  
Amounts recognized in Accumulated Other Comprehensive Loss consist of:      
Accumulated actuarial loss (gain)        
Prior service cost (credit) 1.5 2.2  
Net amount recognized 1.5 2.2  
Weighted Average Assumptions Used to Determine Benefit Obligations as of the period      
Discount rate 4.76%    
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost for Years Ended      
Expected return on plan assets 6.00% 6.25%  
Rate of compensation increase 4.30% 4.30%  
Net Periodic Benefit Cost      
Expected return on plan assets (68.0) (63.3) (66.1)
Amortization of prior service cost (credit) 0.7 0.9 1.1
Amortization of net deferred actuarial loss (65.8) 67.7 99.1
Net curtailment and settlement loss         
Net periodic benefit cost (56.0) 82.7 112.6
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Income) Loss      
Net deferred actuarial (gain) loss    0 0
Net prior service credit         
Amortization of prior service cost (credit) (0.7) (0.9) (1.1)
Amortization of net deferred actuarial loss    0 0
Total recognized in other comprehensive (income) loss (0.7) (0.9) (1.1)
Total recognized in net periodic benefit cost and other comprehensive (income) loss (56.7) 81.8 111.5
Estimated net deferred actuarial loss and prior service cost that will be amortized from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal year      
Other Comprehensive Income, Amortization of Defined Benefit Plan, Net Deferred Actuarial Gain (Loss) Recognized in Net Periodic Benefit Cost before Tax 0    
U.S. qualified pension plans | Overfunded pension plans
     
Change in Projected Benefit Obligation (PBO):      
Benefit obligation at beginning of year    [2]    [2]  
Benefits paid    [2]    [2]    [2]
Benefit obligation at end of year    [2]    [2]    [2]
Change in Plan Assets:      
Fair value of plan assets at beginning of year    [2]    [2]  
Benefits paid    [2]    [2]    [2]
Fair value of plan assets at end of year    [2]    [2]    [2]
Net funded status    [2]    [2]    [2]
Weighted Average Assumptions Used to Determine Benefit Obligations as of the period      
Discount rate 4.76% 3.75%  
Rate of compensation increase 4.70% 4.30%  
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost for Years Ended      
Discount rate 3.75% 4.50%  
Non-U.S. pension plans
     
Change in Projected Benefit Obligation (PBO):      
Benefit obligation at beginning of year 529.3 452.8  
Service cost 11.1 8.9 8.7
Interest cost 20.6 21.4 22.7
Plan participants' contributions 0.6 0.6  
Amendments    0  
Actuarial (gain) loss (2.4) 58.2  
Medicare subsidy receipts        
Benefits paid (22.1) (23.1)  
Currency exchange translation adjustments 9.3 10.5  
Benefit obligation at end of year 546.4 529.3 452.8
Change in Plan Assets:      
Fair value of plan assets at beginning of year 313.6 295.1  
Actual return on plan assets 0.8 20.8  
Employer contributions 12.7 11.9  
Plan participants' contributions 0.6 0.6  
Medicare subsidy receipts        
Benefits paid (22.1) (23.1)  
Currency exchange translation adjustments 0.9 8.3  
Fair value of plan assets at end of year 306.5 313.6 295.1
Net funded status (239.9) (215.7)  
Amounts recognized in the Consolidated Balance Sheets consist of:      
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent 16.7 32.1  
Current liabilities (9.2) (8.2)  
Noncurrent liabilities (247.4) (239.6)  
Net amount recognized (239.9) (215.7)  
Amounts recognized in Accumulated Other Comprehensive Loss consist of:      
Accumulated actuarial loss (gain)        
Prior service cost (credit) (0.3) (0.3)  
Net amount recognized (0.3) (0.3)  
Weighted Average Assumptions Used to Determine Benefit Obligations as of the period      
Discount rate 4.25% 4.06%  
Rate of compensation increase 3.41% 3.37%  
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost for Years Ended      
Discount rate 4.06% 4.83%  
Expected return on plan assets 4.66% 4.98%  
Rate of compensation increase 3.37% 3.40%  
Net Periodic Benefit Cost      
Expected return on plan assets (14.0) (14.8) (16.2)
Amortization of prior service cost (credit)    (0.1) 0
Amortization of net deferred actuarial loss 11.0 52.2 13.1
Net curtailment and settlement loss (0.1) 0 0
Net periodic benefit cost 28.6 67.6 28.3
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Income) Loss      
Net deferred actuarial (gain) loss    0 0
Net prior service credit    0 (0.4)
Amortization of prior service cost (credit)    0.1 0
Amortization of net deferred actuarial loss    0 0
Total recognized in other comprehensive (income) loss    0.1 (0.4)
Total recognized in net periodic benefit cost and other comprehensive (income) loss 28.6 67.7 27.9
Estimated net deferred actuarial loss and prior service cost that will be amortized from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal year      
Other Comprehensive Income, Amortization of Defined Benefit Plan, Net Deferred Actuarial Gain (Loss) Recognized in Net Periodic Benefit Cost before Tax 0    
Non-U.S. pension plans | Overfunded pension plans
     
Change in Projected Benefit Obligation (PBO):      
Benefit obligation at beginning of year 237.1 [2] 213.3 [2]  
Benefits paid (10.0) [2] (11.8) [2] (10.2) [2]
Benefit obligation at end of year 247.3 [2] 237.1 [2] 213.3 [2]
Change in Plan Assets:      
Fair value of plan assets at beginning of year 269.2 [2] 255.8 [2]  
Benefits paid (10.0) [2] (11.8) [2] (10.2) [2]
Fair value of plan assets at end of year 264.0 [2] 269.2 [2] 255.8 [2]
Net funded status 16.7 [2] 32.1 [2] 42.5 [2]
Weighted Average Assumptions Used to Determine Benefit Obligations as of the period      
Discount rate 4.25%    
Non-U.S. pension plans | United Kingdom
     
Weighted Average Assumptions Used to Determine Benefit Obligations as of the period      
Discount rate (4.34%)    
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost for Years Ended      
Expected return on plan assets 4.25%    
Non-U.S. pension plans | Canada
     
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost for Years Ended      
Expected return on plan assets 6.50%    
Postretirement Benefits Other Than Pensions
     
Change in Projected Benefit Obligation (PBO):      
Benefit obligation at beginning of year 63.9 64.6  
Service cost 0.2 0.2 0.3
Interest cost 2.2 2.5 3.2
Plan participants' contributions        
Amendments (1.7)     
Actuarial (gain) loss (4.3) (2.1)  
Medicare subsidy receipts 1.4 3.3 1.9
Benefits paid (4.5) (4.6)  
Currency exchange translation adjustments        
Benefit obligation at end of year 57.2 63.9 64.6
Change in Plan Assets:      
Fair value of plan assets at beginning of year 0 0  
Actual return on plan assets        
Employer contributions 3.1 1.3  
Plan participants' contributions        
Medicare subsidy receipts 1.4 3.3 1.9
Benefits paid (4.5) (4.6)  
Currency exchange translation adjustments        
Fair value of plan assets at end of year 0 0 0
Net funded status (57.2) (63.9)  
Amounts recognized in the Consolidated Balance Sheets consist of:      
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent        
Current liabilities (4.5) (4.3)  
Noncurrent liabilities (52.7) (59.6)  
Net amount recognized (57.2) (63.9)  
Amounts recognized in Accumulated Other Comprehensive Loss consist of:      
Accumulated actuarial loss (gain) (5.0) (0.3)  
Prior service cost (credit) (1.7)     
Net amount recognized (6.7) (0.3)  
Weighted Average Assumptions Used to Determine Benefit Obligations as of the period      
Discount rate 4.26% 3.50%  
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost for Years Ended      
Discount rate 3.50% 4.00%  
Net Periodic Benefit Cost      
Expected return on plan assets         
Amortization of prior service cost (credit)       0
Amortization of net deferred actuarial loss       
Net curtailment and settlement loss         
Net periodic benefit cost 2.8 3.3 4.1
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Income) Loss      
Net deferred actuarial (gain) loss (4.3) (2.1) (7.3)
Net prior service credit (1.7)      
Amortization of prior service cost (credit)       0
Amortization of net deferred actuarial loss (0.4) (0.6) (0.6)
Total recognized in other comprehensive (income) loss (6.4) (2.7) (7.9)
Total recognized in net periodic benefit cost and other comprehensive (income) loss $ (3.6) $ 0.6 $ (3.8)
[1] Plans intended to be pay-as-you-go.
[2] Plans intended to be advance-funded.