Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

Defined Benefit Plan Disclosure [Line Items]

We recorded the following expenses related to our contributions to the defined contribution plans (in millions):



	For the Years Ended December 31,
	2013		2012		2011
Contributions to defined contribution plans ⁽¹⁾	$	13.7	$	13.2	$	14.3

⁽¹⁾ Contributions of $0.4 million, $2.0 million and $2.7 million were included in Loss from discontinued operations for the years ended December 31, 2013, 2012 and 2011, respectively.

Pension and Postretirement Benefit Plans recognized in financial statements

The following tables set forth amounts recognized in our financial statements and the plans' funded status for our pension and post-retirement benefit plans (dollars in millions):



	Pension Benefits						Other Benefits
	2013			2012			2013			2012
Accumulated benefit obligation	$	367.3		$	406.3		N/A			N/A

Changes in projected benefit obligation:
Benefit obligation at beginning of year	$	413.9		$	368.8		$	7.6		$	19.9
Service cost	5.2			5.8			—			0.2
Interest cost	16.2			17.5			0.2			0.4
Plan participants' contributions	—			—			0.7			0.8
Amendments	—			—			—			(14.2		)
Other	0.1			4.5			—			—
Actuarial (gain) loss	(39.4		)	47.0			—			2.8
Effect of exchange rates	(0.7		)	1.6			—			—
Divestiture	—			(10.4		)	—			—
Settlements and curtailments	(1.6		)	(1.7		)	—			—
Benefits paid	(19.1		)	(19.2		)	(2.5		)	(2.3		)
Benefit obligation at end of year	$	374.6		$	413.9		$	6.0		$	7.6

Changes in plan assets:
Fair value of plan assets at beginning of year	$	276.8		$	242.5		$	—		$	—
Actual gain return on plan assets	37.4			32.1			—			—
Employer contribution	9.9			29.4			1.8			1.5
Plan participants' contributions	—			—			0.7			0.8
Effect of exchange rates	(0.6		)	1.0			—			—
Divestiture	—			(7.3		)	—			—
Plan settlements	(1.6		)	(1.7		)	—			—
Benefits paid	(19.1		)	(19.2		)	(2.5		)	(2.3		)
Fair value of plan assets at end of year	302.8			276.8			—			—
Funded status / net amount recognized	$	(71.8	)	$	(137.1	)	$	(6.0	)	$	(7.6	)

Net amount recognized consists of:
Current liability	$	(1.8	)	$	(2.7	)	$	(1.4	)	$	(1.5	)
Non-current liability	(70.0		)	(134.4		)	(4.6		)	(6.1		)
Net amount recognized	$	(71.8	)	$	(137.1	)	$	(6.0	)	$	(7.6	)

Schedule of Non-current pension liability plan



	For the Years Ended December 31,
	2013		2012
Pension plans with a benefit obligation in excess of plan assets:
Projected benefit obligation	$	374.6	$	413.2
Accumulated benefit obligation	367.3		405.5
Fair value of plan assets	302.8		276.1

Components of net periodic benefit cost

Our U.S.-based pension plans comprised approximately 87% of the projected benefit obligation and 87% of plan assets as of December 31, 2013.



	Pension Benefits									Other Benefits
	2013			2012			2011			2013			2012			2011
Components of net periodic benefit cost as of December 31:
Service cost	$	5.2		$	5.8		$	5.4		$	—		$	0.2		$	0.8
Interest cost	16.2			17.5			17.8			0.2			0.4			0.9
Expected return on plan assets	(20.7		)	(19.0		)	(19.0		)	—			—			—
Amortization of prior service cost	0.4			0.4			0.4			(3.1		)	(2.7		)	(1.9		)
Recognized actuarial loss	9.2			8.7			7.0			1.5			1.4			1.2
Settlements and curtailments	1.5			7.1			1.7			—			—			—
Net periodic benefit cost ⁽¹⁾	$	11.8		$	20.5		$	13.3		$	(1.4	)	$	(0.7	)	$	1.0

Summary of amounts recognized in AOCI in our financial statements

The following table sets forth amounts recognized in AOCI and Other comprehensive income (loss) in our financial statements for 2013 and 2012 (in millions):



	Pension Benefits						Other Benefits
	2013			2012			2013			2012
Amounts recognized in AOCI:
Prior service costs	$	(1.7	)	$	(2.8	)	$	21.1		$	24.2
Actuarial loss	(164.4		)	(231.2		)	(20.7		)	(22.2		)
Subtotal	(166.1		)	(234.0		)	0.4			2.0
Deferred taxes	59.9			85.2			(0.2		)	(0.8		)
Net amount recognized	$	(106.2	)	$	(148.8	)	$	0.2		$	1.2
Changes recognized in other comprehensive income (loss):
Adjustment to OCI due to reclassification	$	—		$	0.8		$	—		$	—
Current year prior service costs	—			—			—			(14.2		)
Current year actuarial (gain) loss	(56.1		)	34.0			—			2.8
Effect of exchange rates	(0.6		)	0.7			—			—
Amortization of prior service (costs) credits	(1.1		)	(0.4		)	3.1			2.7
Amortization of actuarial loss	(10.0		)	(15.8		)	(1.5		)	(1.4		)
Total recognized in other comprehensive income	$	(67.8	)	$	19.3		$	1.6		$	(10.1	)
Total recognized in net periodic benefit cost and other comprehensive income (loss)	$	(56.0	)	$	39.8		$	0.2		$	(10.8	)

Summary of health care cost trend rates

The following table sets forth the healthcare trend rate assumptions used:



	2013		2012
Assumed health care cost trend rates as of December 31:
Health care cost trend rate assumed for next year	8.00	%	8.40	%
Rate to which the cost rate is assumed to decline (the ultimate trend rate)	5.00	%	5.00	%
Year that the rate reaches the ultimate trend rate	2020		2020

Summary of one percentage-point change in assumed healthcare cost trend rate

A one percentage-point change in assumed healthcare cost trend rates would have the following effects (in millions):



	1-Percentage-Point Increase		1-Percentage-Point Decrease
Effect on total of service and interest cost	$	—	$	—
Effect on the post-retirement benefit obligation	0.2		(0.2		)

Summary of expected future benefit payments

Expected future benefit payments are shown in the table below (in millions):



	For the Years Ended December 31,
	2014		2015		2016		2017		2018		2019-2023
Pension benefits	$	17.1	$	17.9	$	18.3	$	19.0	$	19.5	$	112.1
Other benefits	1.4		0.8		0.7		0.6		0.5		1.7

Summary of weighted-average asset allocations

Our U.S. pension plans' weighted-average asset allocations as of December 31, 2013 and 2012, by asset category, are as follows:



	Plan Assets as of December 31,
Asset Category:	2013		2012
U.S. equity	37.8	%	34.2	%
International equity	26.7	%	26.1	%
Fixed income	33.8	%	37.8	%
Money market/cash	1.7	%	1.9	%
Total	100.0	%	100.0	%

Summary of target allocation percentage of assets

U.S. pension plan assets are invested within the following range targets:



Asset Category:	Target
U.S. equity	36.0	%
International equity	24.0	%
Fixed income	38.0	%
Money market/cash/guaranteed investment contracts	2.0	%

Summary of fair value of pension plan asset, by asset category

The fair values of our pension plan assets, by asset category, are as follows (in millions):



	Fair Value Measurements as of December 31, 2013
	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total
Asset Category:
Cash and cash equivalents	8.2	—	—	8.2
Commingled pools / Collective Trusts:
U.S. equity ⁽¹⁾	—	100.1	—	100.1
International equity⁽²⁾	—	70.8	—	70.8
Fixed income⁽³⁾	—	89.4	—	89.4
Balanced pension trust:⁽⁶⁾
U.S. equity	—	2.5	—	2.5
International equity	—	8.3	—	8.3
Fixed income	—	7.2	—	7.2
Pension fund:
U.S. equity⁽⁷⁾	—	1.5	—	1.5
International equity⁽⁷⁾	—	7.9	—	7.9
Fixed income⁽⁸⁾	—	6.9	—	6.9
Total	8.2	294.6	—	302.8



	Fair Value Measurements as of December 31, 2012
	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total
Asset Category:
Cash and cash equivalents	4.5	—	—	4.5
Commingled pools / Collective Trusts:
U.S. equity ⁽¹⁾	—	36.7	—	36.7
International equity⁽²⁾	—	60.3	—	60.3
Fixed income⁽³⁾	—	85.3	—	85.3
Mutual funds:
U.S. equity⁽⁴⁾	47.3	—	—	47.3
International equity⁽⁴⁾	3.9	—	—	3.9
Fixed income⁽⁵⁾	7.8	—	—	7.8
Balanced pension trust:⁽⁶⁾
U.S. equity	—	2.4	—	2.4
International equity	—	7.9	—	7.9
Fixed income	—	6.6	—	6.6
Pension fund:
U.S. equity⁽⁷⁾	—	1.3	—	1.3
International equity⁽⁷⁾	—	6.7	—	6.7
Fixed income⁽⁸⁾	—	6.1	—	6.1
Total	63.5	213.3	—	276.8

Summary of additional information about asset measured at net asset value per share

Additional information about assets measured at Net Asset Value (“NAV”) per share (in millions):



	As of December 31, 2013
	Fair Value		Redemption Frequency (if currently eligible)	Redemption Notice Period
Asset Category:
Commingled pools / Collective Trusts:
U.S. equity⁽¹⁾	$	100.1	Daily	5 days
International equity⁽²⁾	70.8		Daily	5 days
Fixed income⁽³⁾	89.4		Daily	5-15 days
Balanced pension trust:⁽⁶⁾
U.S. equity	2.5		Daily	3-5 days
International equity	8.3		Daily	3-5 days
Fixed income	7.2		Daily	3-5 days
Pension fund:
U.S. equity⁽⁷⁾	1.5		Daily	7 days
International equity⁽⁷⁾	7.9		Daily	7 days
Fixed income⁽⁸⁾	6.9		Daily	7 days
Total	$	294.6



	As of December 31, 2012
	Fair Value		Redemption Frequency (if currently eligible)	Redemption Notice Period
Asset Category:
Commingled pools / Collective Trusts:
U.S. equity⁽¹⁾	$	36.7	Daily	5 days
International equity⁽²⁾	60.3		Daily	5 days
Fixed income⁽³⁾	85.3		Daily	5-15 days
Mutual funds:
U.S. equity⁽⁴⁾	47.3		n/a	n/a
International equity⁽⁴⁾	3.9		n/a	n/a
Fixed income⁽⁵⁾	7.8		n/a	n/a
Balanced pension trust:⁽⁶⁾
U.S. equity	2.4		Daily	3-5 days
International equity	7.9		Daily	3-5 days
Fixed income	6.6		Daily	3-5 days
Pension fund:
U.S. equity⁽⁷⁾	1.3		Daily	7 days
International equity⁽⁷⁾	6.7		Daily	7 days
Fixed income⁽⁸⁾	6.1		Daily	7 days
Total	$	272.3



⁽¹⁾	This category includes investments primarily in U.S. equity securities that include large, mid and small capitalization companies.
⁽²⁾	This category includes investments primarily in non-U.S. equity securities that include large, mid and small capitalization companies in large developed markets as well as emerging markets equities.
⁽³⁾	This category includes investments in U.S. investment grade and high yield fixed income securities, non-U.S. fixed income securities and emerging markets fixed income securities.
⁽⁴⁾	These funds seek capital appreciation and generally invest in common stocks of U.S. and non-U.S. issuers. They may invest in growth stocks or value stocks.
⁽⁵⁾	This fund seeks to provide inflation protection. It currently invests at least 80% of its assets in inflation-indexed bonds issued by the U.S. government. It may invest in bonds of any maturity, though the fund typically maintains a dollar-weighted average maturity of 7 to 20 years.
⁽⁶⁾	The investment objectives of the fund are to provide long-term capital growth and income by investing primarily in a well-diversified, balanced portfolio of Canadian common stocks, bonds and money market securities. The fund also holds a portion of its assets in U.S. and non-U.S. equities.
⁽⁷⁾	This category includes investments in U.S. and non-U.S. equity securities and aims to provide returns consistent with the markets in which it invests and provide broad exposure to countries around the world.
⁽⁸⁾	This category includes investments in U.K. government index-linked securities (index-linked gilts) that have maturity periods of 5 years or longer and investment grade corporate bonds denominated in sterling.

U.S.-based pension plans [Member]

Defined Benefit Plan Disclosure [Line Items]

Weighted-average assumptions used to determine Benefit Obligations and Net Periodic Benefit Cost for the U.S. and Non-U.S.-based plans

The following tables set forth the weighted-average assumptions used to determine Benefit Obligations and Net Periodic Benefit Cost for the U.S.-based plans in 2013 and 2012:



	Pension Benefits				Other Benefits
	2013		2012		2013		2012
Weighted-average assumptions used to determine benefit obligations as of December 31:
Discount rate	4.88	%	3.97	%	3.57	%	2.72	%
Rate of compensation increase	4.23	%	4.23	%	—		—



	Pension Benefits						Other Benefits
	2013		2012		2011		2013		2012		2011
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:
Discount rate	3.97	%	4.83	%	5.45	%	2.72	%	4.64	%	5.30	%
Expected long-term return on plan assets	8.00	%	8.00	%	8.00	%	—		—		—
Rate of compensation increase	4.23	%	4.23	%	4.23	%	—		—		—

Non-U.S.-based pension plans [Member]

Defined Benefit Plan Disclosure [Line Items]

Weighted-average assumptions used to determine Benefit Obligations and Net Periodic Benefit Cost for the U.S. and Non-U.S.-based plans

The following tables set forth the weighted-average assumptions used to determine Benefit Obligations and Net Periodic Benefit Cost for the non-U.S.-based plans in 2013 and 2012:



	Pension Benefits
	2013		2012
Weighted-average assumptions used to determine benefit obligations as of December 31:
Discount rate	4.38	%	4.12	%
Rate of compensation increase	3.31	%	3.48	%



	Pension Benefits
	2013		2012		2011
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:
Discount rate	4.12	%	4.93	%	5.43	%
Expected long-term return on plan assets	6.05	%	6.26	%	5.56	%
Rate of compensation increase	3.48	%	3.68	%	3.98	%