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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Net Funded Status
The reconciliation of the defined benefit plans' projected benefit obligation and the fair value of plan assets for the years ended December 31, 2012 and 2011 are as follows:
 
 
At December 31,
  
2012
2011
Change in benefit obligation:
 
 
Benefit obligation at beginning of year
$
252.5

$
224.3

Service costs
3.7

2.8

Interest cost
11.6

12.0

Actuarial loss
22.2

28.9

Curtailment (gain) loss
(3.8
)

Benefits paid
(20.7
)
(14.5
)
Plan amendment

(1.0
)
Benefit obligation at end of year
$
265.5

$
252.5

Change in plan assets:
 
 
Fair value of plan assets at beginning of year
$
140.4

$
134.1

Actual return on plan assets
18.7


Employer contribution
33.3

20.8

Benefits paid
(20.7
)
(14.5
)
Fair value of plan assets at end of year
$
171.7

$
140.4

Funded status
$
(93.8
)
$
(112.0
)
Amounts recognized in the Consolidated Balance Sheets consisted of:
 
 
Non-current liability
$
93.8

$
112.0

Accumulated other comprehensive income (loss)
$
(102.4
)
$
(114.1
)
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
The following table provides a reconciliation of the beginning and ending balances for the Level 3 assets:
 
  
Year Ended December 31
  
2012
2011
Balance, beginning of year
3.9

3.4

Unrealized gains relating to instruments still held at the reporting date
0.4

0.4

Purchases

0.1

Balance, end of year
$
4.3

$
3.9

Schedule of Assumptions Used
The following weighted-average rates were used in determining the benefit obligations at December 31:
 
 
2012
 
2011
Discount rate—projected benefit obligation
3.00%
-
6.20%
 
4.25%
-
7.80%
Future compensation growth rate
4.00%
-
4.50%
 
4.00%
-
5.50%
Expected long-term rate of return on plan assets
7.50%
-
8.00%
 
7.50%
-
8.00%
 
The following weighted-average rates were used in determining the pension cost for all years ended December 31:
 
 
2012
2011
2010
Discount rate—projected benefit obligation
4.25%
-
6.20%
5.20%
-
7.80%
5.50%
-
6.00%
Future compensation growth rate
4.00%
-
4.50%
4.00%
-
5.50%
4.00%
-
5.00%
Expected long-term rate of return on plan assets
7.50%
-
8.00%
7.50%
 
8.00%
8%
Schedule of Allocation of Plan Assets
The following table sets forth by level, within the fair value hierarchy, the cash balance plan’s assets at fair value as of December 31, 2012 and 2011:
 
Investments
December 31, 2012
Quoted Prices
In Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Common/Collective trusts
$
162.7

$

$
162.7

$

Convergys common stock
4.7

4.7



Equity fund
4.3



4.3

Total investments
$
171.7

$
4.7

$
162.7

$
4.3

 
Investments
December 31, 2011
Quoted Prices
In Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Common/Collective trusts
$
132.8

$

$
132.8

$

Convergys common stock
3.7

3.7



Equity fund
3.9



3.9

Total investments
$
140.4

$
3.7

$
132.8

$
3.9


Pension Plans, Defined Benefit [Member]
 
Schedule of Net Benefit Costs [Table Text Block]
Components of pension cost and other amounts recognized in other comprehensive income (loss) for the defined benefit plans are as follows:

 
Year Ended December 31,
  
2012
2011
2010
Service cost
$
3.7

$
2.8

$
2.6

Interest cost on projected benefit obligation
11.6

12.0

12.1

Expected return on plan assets
(11.6
)
(11.4
)
(12.3
)
Amortization and deferrals—net
17.2

8.7

6.6

Curtailment benefit
(0.2
)


Settlement charge
6.8


6.8

Total pension cost
$
27.5

$
12.1

$
15.8

Other comprehensive income (loss)
$
(11.8
)
$
(29.5
)
$
(1.3
)
Schedule of Expected Benefit Payments
Estimated future benefit payments from the defined benefit plans are as follows:
 
2013
$
39.0

2014
12.3

2015
13.4

2016
14.3

2017
15.7

2018 - 2022
85.3

Total
$
180.0

Other Pension Plans, Defined Benefit [Member]
 
Schedule of Net Benefit Costs [Table Text Block]
Components of pension cost and other amounts recognized in other comprehensive income (loss) for the unfunded executive pension plans are as follows:
 
 
Year Ended December 31,
  
2012
2011
2010
Service cost
$

$
0.7

$
0.9

Interest cost on projected benefit obligation
1.0

1.3

2.0

Amortization and deferrals—net
(0.2
)
(0.1
)
(0.1
)
Curtailment (benefit) loss, net
0.1

(2.4
)
1.8

Settlement (gain) loss
(0.2
)

1.4

Total pension (benefit) cost
$
0.7

$
(0.5
)
$
6.0

Other comprehensive income (loss)
$
1.9

$
1.3

$
(3.1
)
Schedule of Expected Benefit Payments
Estimated future benefit payments from the unfunded executive plans are as follows:
 
2013
$
8.8

2014
2.0

2015
1.6

2016
1.3

2017
0.6

2018 - 2022
3.2

Total
$
17.5

Schedule of Changes in Projected Benefit Obligations
The reconciliation of the unfunded executive pension plans’ projected benefit obligation for the years ended December 31, 2012 and 2011 is as follows:
 
 
At December 31,
  
2012
2011
Change in benefit obligation:
 
 
Benefit obligation at beginning of year
$
24.6

$
33.2

Service cost

0.7

Interest cost
1.0

1.3

Actuarial loss (gain)
1.1

(1.9
)
Curtailment loss (benefit)
0.5

(2.5
)
Benefits paid
(6.1
)
(6.2
)
Benefit obligation at end of year
$
21.1

$
24.6

Funded status
$
(21.1
)
$
(24.6
)
Amounts recognized in the Consolidated Balance Sheets consisted of:
 
 
Current liability
$
8.8

$
6.2

Non-current liability
12.3

18.4

Accumulated other comprehensive income (loss)
$
2.3

$
4.1

Other Pension Plans, Postretirement or Supplemental Plans, Defined Benefit [Member]
 
Schedule of Net Benefit Costs [Table Text Block]
Components of other post-employment benefit plan cost and other amounts recognized in other comprehensive income (loss) for the postretirement health and life insurance plans are as follows:
 
 
2012
2011
2010
Service cost
$

$
0.2

$
0.4

Interest cost on projected benefit obligation
0.3

0.9

1.4

Expected return on plan assets
(0.5
)
(0.5
)
(0.6
)
Amortization and deferrals—net
(5.5
)
(4.0
)
(0.7
)
Curtailment benefit
(3.8
)


Total other post-employment benefit plan (benefit) cost
$
(9.5
)
$
(3.4
)
$
0.5

Other comprehensive income (loss)
$
(8.3
)
$
14.1

$
(2.0
)
Schedule of Net Funded Status
The reconciliation of the postretirement health and life insurance plan’s projected benefit obligation and the fair value of plan assets for the years ended December 31, 2012 and 2011 are as follows:
 
  
At December 31,
  
2012
2011
Change in benefit obligation:
 
 
Benefit obligation at beginning of year
$
8.6

$
27.1

Service cost

0.2

Interest cost
0.3

0.9

Plan amendment

(16.8
)
Actuarial (gain) loss
(0.8
)
(1.8
)
Curtailment
(0.6
)

Part D subsidy

0.1

Benefits paid
(0.6
)
(1.1
)
Benefit obligation at end of year
$
6.9

$
8.6

Change in plan assets:
 
 
Fair value of plan assets at beginning of year
$
7.0

$
7.2

Actual return on plan assets
0.1

0.2

Employer contribution
(0.5
)
0.7

Benefits paid
(0.6
)
(1.1
)
Fair value of plan assets at end of year
$
6.0

$
7.0

Funded status
$
(0.9
)
$
(1.6
)
Amounts recognized in the Consolidated Balance Sheets consisted of:
 
 
Non-current assets
$
1.8

$
3.3

Current liability
0.3

0.5

Non-current liability
2.4

4.4

Accumulated other comprehensive income (loss)
$
(6.6
)
$
14.9

Schedule of Expected Benefit Payments
Estimated future benefit payments from the postretirement health and life plan are as follows:
 
2013
$
0.5

2014
0.4

2015
0.5

2016
0.5

2017
0.5

2018 - 2022
2.5

Total
$
4.9