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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2011
Defined Benefit Plan Disclosure [Line Items]  
Weighted-average assumptions used to determine Benefit Obligations and Net Periodic Benefit Cost for the U.S.-based plans
                 
    Pension
Benefits
 
    2011     2010  

Weighted-average assumptions used to determine benefit obligations as of December 31:

               

Discount rate

    4.93     5.43

Rate of compensation increase

    3.68       3.94  

 

                         
    Pension Benefits  
    2011     2010     2009  

Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:

                       

Discount rate

    5.43     5.98     6.57

Expected long-term return on plan assets

    5.56       5.59       6.24  

Rate of compensation increase

    3.98       3.98       3.90  
Defined Contribution Plans
                         
    For the Years  Ended
December 31,
 
    2011     2010     2009  

Contributions to defined contribution plans

  $ 14.3     $ 12.1     $ 12.4  
Pension and Postretirement Benefit Plans recognized in financial statements
                                 
    Pension Benefits     Other Benefits  
    2011     2010     2011     2010  

Accumulated benefit obligation

  $ 363.6     $ 333.2     $ N/A     $ N/A  

Changes in projected benefit obligation:

                               

Benefit obligation at beginning of year

  $ 336.3     $ 299.4     $ 17.0     $ 14.4  

Service cost

    5.4       5.0       0.8       0.6  

Interest cost

    17.8       17.6       0.9       0.8  

Plan participants’ contributions

                0.8       0.8  

Amendments

                      (0.1

Actuarial loss

    28.9       34.0       2.3       2.4  

Effect of exchange rates

    (0.7     0.4              

Settlements and curtailments

    (2.1     (2.6            

Benefits paid

    (16.8     (17.5     (1.9     (1.9
   

 

 

   

 

 

   

 

 

   

 

 

 

Benefit obligation at end of year

  $ 368.8     $ 336.3     $ 19.9     $ 17.0  
   

 

 

   

 

 

   

 

 

   

 

 

 

Changes in plan assets:

                               

Fair value of plan assets at beginning of year

  $ 244.6     $ 231.1     $     $  

Actual gain return on plan assets

    3.8       27.6              

Employer contribution

    13.4       5.6       1.1       1.1  

Plan participants’ contributions

                0.8       0.8  

Effect of exchange rates

    (0.4     0.4              

Plan settlements

    (2.1     (2.6            

Benefits paid

    (16.8     (17.5     (1.9     (1.9
   

 

 

   

 

 

   

 

 

   

 

 

 

Fair value of plan assets at end of year

    242.5       244.6              
   

 

 

   

 

 

   

 

 

   

 

 

 

Funded status/net amount recognized

  $ (126.3   $ (91.7   $ (19.9   $ (17.0
   

 

 

   

 

 

   

 

 

   

 

 

 

Net amount recognized consists of:

                               

Current liability

  $ (1.6   $ (3.6   $ (1.3   $ (1.1

Non-current liability

    (124.7     (88.1     (18.6     (15.9
   

 

 

   

 

 

   

 

 

   

 

 

 

Net amount recognized

  $ (126.3   $ (91.7   $ (19.9   $ (17.0
   

 

 

   

 

 

   

 

 

   

 

 

 
Schedule of Non-current pension liability plan
                 
    For the Years  Ended
December 31,
 
    2011     2010  

Pension plans with a benefit obligation in excess of plan assets:

               

Projected benefit obligation

  $ 368.1     $ 335.6  

Accumulated benefit obligation

    362.9       332.5  

Fair value of plan assets

    241.8       243.8  
Components of net periodic benefit cost
                                                 
    Pension Benefits     Other Benefits  
    2011     2010     2009     2011     2010     2009  

Components of net periodic benefit cost as of December 31:

                                               

Service cost

  $ 5.4     $ 5.0     $ 5.6     $ 0.8     $ 0.6     $ 0.5  

Interest cost

    17.8       17.6       17.5       0.9       0.8       0.8  

Expected return on plan assets

    (19.0     (19.5     (16.7                  

Amortization of prior service cost

    0.4       0.5       0.5       (1.9     (1.9     (1.9

Recognized actuarial loss

    7.0       5.1       8.9       1.2       1.2       1.2  

Settlements and curtailments

    1.7       1.4       1.0                   (0.6
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

  $ 13.3     $ 10.1     $ 16.8     $ 1.0     $ 0.7     $  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Summary of amounts recognized in AOCI in our financial statements
                                 
    Pension Benefits     Other Benefits  
    2011     2010     2011     2010  

Amounts recognized in other comprehensive income (loss):

                               

Prior service costs

  $ (2.6   $ (3.5   $ 12.7     $ 14.7  

Actuarial loss

    (212.0     (176.2     (20.8     (19.8
   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    (214.6     (179.7     (8.1     (5.1

Deferred taxes

    78.6       66.2       3.1       1.9  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net amount recognized

  $ (136.0   $ (113.5   $ (5.0   $ (3.2
   

 

 

   

 

 

   

 

 

   

 

 

 

Changes recognized in other comprehensive income (loss):

                               

Current year prior service costs

  $     $           $ (0.1

Current year actuarial loss

    44.4       25.8       2.3       2.4  

Effect of exchange rates

    (0.4     0.3              

Amortization of prior service (costs) credits

    (0.9     (0.5     1.9       1.9  

Amortization of actuarial loss

    (8.2     (6.5     (1.2     (1.3
   

 

 

   

 

 

   

 

 

   

 

 

 

Total recognized in other comprehensive income

  $ 34.9     $ 19.1     $ 3.0     $ 2.9  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total recognized in net periodic benefit cost and other comprehensive income (loss)

  $ 48.2     $ 29.2     $ 4.0     $ 3.6  
   

 

 

   

 

 

   

 

 

   

 

 

 
                                 
    Pension Benefits     Other Benefits  
    2011     2010     2011     2010  

Weighted-average assumptions used to determine benefit obligations as of December 31:

                               

Discount rate

    4.83     5.45     4.64     5.30

Rate of compensation increase

    4.23       4.23              

 

                                                 
    Pension Benefits     Other Benefits  
    2011     2010     2009     2011     2010     2009  

Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:

                                               

Discount rate

    5.45     6.07     6.27     5.30     5.95     6.42

Expected long-term return on plan assets

    8.00       8.00       8.25                    

Rate of compensation increase

    4.23       4.23       4.19                    
Summary of health care cost trend rates
                 
    2011     2010  

Assumed health care cost trend rates as of December 31:

               

Health care cost trend rate assumed for next year

    8.40     8.50

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
                 
    1-Percentage-
Point Increase
    1-Percentage-
Point Decrease
 

Effect on total of service and interest cost

  $ 0.2     $ (0.2

Effect on the postretirement benefit obligation

    2.0       (1.7
Summary of expected future benefit payments
                                                 
    Years Ended December 31,  
     2012     2013     2014     2015     2016     2017- 2021  

Pension benefits

  $ 16.5     $ 18.8     $ 17.3     $ 18.5     $ 18.7     $ 109.2  

Other benefits

    1.3       1.3       1.3       1.3       1.4       7.7  
Summary of weighted-average asset allocations
                 
    Plan Assets as of
December 31,
 

Asset Category

  2011     2010  

U.S. equity

    33.6     33.1

International equity

    24.4       28.5  

Fixed income

    41.2       36.8  

Money market/cash/guaranteed investment contracts

    0.8       1.6  
   

 

 

   

 

 

 

Total

    100     100.0
   

 

 

   

 

 

 
Summary of target allocation percentage of assets

U.S. pension plan investments 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
                                 
    Fair Value Measurements as of
December 31, 2011
 
    Quoted Prices in
Active  Markets for
Identical Assets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs
(Level 3)
    Total  

Assets Category:

                               

Cash and cash equivalents

  $ 3.7     $     $     $ 3.7  

Commingled pools/Collective Trusts

                               

U.S. equity(1)

          33.4             33.4  

International equity(2)

          48.3             48.3  

Fixed income(3)

          81.9             81.9  

Mutual funds

                               

U.S. equity(4)

    38.8                   38.8  

International equity(4)

    4.4                   4.4  

Fixed income(5)

    6.9                   6.9  

Balanced pension trust(6)

                               

U.S. equity

          2.1             2.1  

International equity

          6.5             6.5  

Bonds

          4.4             4.4  

Pension fund

                               

U.S. equity(7)

          1.1             1.1  

International equity(7)

          5.5             5.5  

Fixed income(8)

          4.8             4.8  

Money market instruments(9)

          0.7             0.7  

Guaranteed investment contracts

                       
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 53.8     $ 188.7     $     $ 242.5  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

                                 
    Fair Value Measurements as of
December 31, 2010
 
    Quoted Prices in
Active  Markets for
Identical Assets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs
(Level 3)
    Total  

Assets Category:

                               

Cash and cash equivalents

  $ 3.9     $     $     $ 3.9  

Commingled pools / Collective Trusts

                               

U.S. equity(1)

          33.7             33.7  

International equity(2)

          53.8             53.8  

Fixed income(3)

          74.0             74.0  

Mutual funds

                               

U.S. equity(4)

    38.2                   38.2  

International equity(4)

    6.5                   6.5  

Fixed income(5)

    6.2                   6.2  

Balanced pension trust(6)

                               

U.S. equity

          2.1             2.1  

International equity

          7.4             7.4  

Bonds

          5.3             5.3  

Pension fund

                               

U.S. equity(7)

          1.1             1.1  

International equity(7)

          5.7             5.7  

Fixed income(8)

          4.1             4.1  

Money market instruments(9)

          0.8             0.8  

Guaranteed investment contracts

          1.8             1.8  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 54.8     $ 189.8     $     $ 244.6  
   

 

 

   

 

 

   

 

 

   

 

 

 
Summary of additional information about asset measured at net asset value per share
                 
    As of December 31, 2011
    Fair Value     Redemption Frequency
(if currently eligible)
  Redemption Notice
Period

Assets Category:

               

Commingled pools/Collective Trusts

               

U.S. equity(1)

  $ 33.4     n/a   n/a

International equity(2)

    48.3     Monthly   10 —15 days

Fixed income(3)

    81.9     Quarterly   15 days

Mutual funds

               

U.S. equity(4)

    38.8     n/a   n/a

International equity(4)

    4.4     n/a   n/a

Fixed income(5)

    6.9     n/a   n/a

Balanced pension trust(6)

               

U.S. equity

    2.1     Daily   5 days

International equity

    6.5     Daily   5 days

Bonds

    4.4     Daily   5 days

Pension fund

               

U.S. equity(7)

    1.1     Daily   7 days

International equity(7)

    5.5     Daily   7 days

Fixed income(8)

    4.8     Daily   7 days

Money market instruments(9)

    0.7     Daily   7 days
   

 

 

         

Total

  $ 238.8          
   

 

 

         

 

 

                 
    As of December 31, 2010
    Fair Value     Redemption Frequency(if
currently eligible)
  Redemption Notice
Period

Assets Category:

               

Commingled pools/Collective Trusts

               

U.S. equity(1)

  $ 33.7     n/a   n/a

International equity(2)

    53.8     Monthly   10 —15 days

Fixed income(3)

    74.0     Quarterly   15 days

Mutual funds

               

U.S. equity(4)

    38.2     n/a   n/a

International equity(4)

    6.5     n/a   n/a

Fixed income(5)

    6.2     n/a   n/a

Balanced pension trust(6)

               

U.S. equity

    2.1     Daily   5 days

International equity

    7.4     Daily   5 days

Bonds

    5.3     Daily   5 days

Pension fund

               

U.S. equity(7)

    1.1     Daily   7 days

International equity(7)

    5.7     Daily   7 days

Fixed income(8)

    4.1     Daily   7 days

Money market instruments(9)

    0.8     Daily   7 days
   

 

 

         

Total

  $ 238.9          
   

 

 

         

 

(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.

 

(9) This fund invests in U.K. money market instruments and includes cash, bank deposits and short-term fixed interest investments.