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Employee Benefit Plans (Tables)
12 Months Ended
Nov. 30, 2016
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
Information regarding pension plans with accumulated benefit obligations in excess of plan assets is as follows: 
 
2016
 
2015
 
(Dollars in millions)
U.S. Pension Plans
 
 
 
Projected benefit obligation
$
270.0

 
$
271.2

Accumulated benefit obligation
$
270.0

 
$
271.2

Fair value of plan assets
$
196.4

 
$
196.1

Non-U.S. Pension Plans
 
 
 
Projected benefit obligation
$
10.8

 
$
11.3

Accumulated benefit obligation
$
7.5

 
$
8.1

Fair value of plan assets
$
.7

 
$
1.0

Schedule of Assumptions Used
The following table summarizes the quantitative inputs and assumptions used for items categorized as recurring Level 3 assets not reported at a NAV as of November 30, 2016 and 2015.
Financial Assets
 
2016 Fair Value
 
2015 Fair Value
 
Valuation Techniques
 
Unobservable Inputs
 
Ranges
 
 
(Dollars in Millions)
 
 
 
 
 
 
Real estate partnerships (not reported at NAV)
 
$.3
 
$1.6
 
Discounted cash flow analysis
 
Discount rate
 
6.75% - 13.0%
 
 
 
 
 
 
 
 
Exit capitalization rate
 
6.43% - 10.0%
 
 
 
 
 
 
 
 
DCF term (years)
 
10 - 12
 
 
 
 
Appraisals
 
Comparable sales
 
N/A
 
 
$.3
 
$1.6
 
 
 
 
 
 
Schedule of Allocation of Plan Assets

Note M—Employee Benefit Plans (Continued)

The following tables set forth, by level within the fair value hierarchy, the U.S. defined benefit plans’ assets at November 30, 2016 and November 30, 2015:
 
 
Total
 
Level 1
 
Level 2
 
Level 3
2016
 
 
 
(Dollars in millions)
 
 
Money market funds
 
$
.1

 
$
.1

 
$

 
$

Registered investment companies:
 
 
 
 
 
 
 
 
Equity mutual funds
 
105.0

 
105.0

 

 

Fixed income mutual funds
 
30.9

 
30.9

 

 

Total registered investment companies
 
135.9

 
135.9

 

 

Real estate partnerships
 
0.3

 

 

 
0.3

 
 
$
136.3

 
$
136.0

 
$

 
$
0.3

Collective trust funds:
 
 
 
 
 
 
 
 
Core property collective
 
21.8

 
 
 
 
 
 
Structured credit collective
 
26.9

 
 
 
 
 
 
Energy debt collective
 
11.4

 
 
 
 
 
 
Total collective trust funds measured at NAV
 
60.1

 
 
 
 
 
 
 
 
$
196.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
 
 
Money market funds
 
$
.1

 
$
.1

 
$

 
$

Registered investment companies:
 
 
 
 
 
 
 
 
Equity mutual funds
 
105.2

 
105.2

 

 

Fixed income mutual funds
 
34.2

 
34.2

 

 

Total registered investment companies
 
139.5

 
139.4

 

 

Real estate partnerships
 
1.5

 

 

 
1.5

 
 
$
141.0

 
$
139.5

 
$

 
$
1.5

Collective trust funds:
 
 
 
 
 
 
 
 
Collateralized loan obligations
 
55.1

 
 
 
 
 
 
Total collective trust funds measured at NAV
 
55.1

 
 
 
 
 
 
 
 
$
196.1

 
 
 
 
 
 
Asset allocation at November 30, 2016, target allocation for 2016, and expected long-term rate of return by asset category are as follows: 
Asset
Category
Target
Allocation
 
Percentage of Plan Assets
At November 30,
 
Weighted-Average Expected Long-Term Rate Of Return
2016
2016
 
2015
 
Equity securities
58
%
 
54
%
 
49
%
 
4.80
%
Fixed income securities
18
%
 
16
%
 
18
%
 
.90
%
Real estate investments
10
%
 
11
%
 
12
%
 
.80
%
Other
14
%
 
19
%
 
21
%
 
1.20
%
Total
100
%
 
100
%
 
100
%
 
7.70
%
Reconciliation of Level 3 Measurements
A reconciliation of the beginning and ending Level 3 measurements is as follows:
 
 
Real Estate
Partnerships
 
 
 
Beginning balance, December 1, 2014
 
$
4.5

Redemptions
 
(2.9
)
Unrealized net gains or losses included in funded status
 
(.1
)
Ending balance, November 30, 2015
 
$
1.5

Redemptions
 
(1.0
)
Unrealized net gains or losses included in funded status
 
(.2
)
Ending balance, November 30, 2016
 
$
0.3

Schedule of the Plan's Investments With a Reported NAV
The following table sets forth a summary of the Plan’s investments with a reported NAV, which is a practical expedient to estimating fair value, as of November 30, 2016 and 2015. 
 
November 30,
(dollars in millions)
2016 Fair Value
 
2015 Fair Value
SEI Structured Credit Collective Fund(a)
$
26.9

 
$
22.2

Energy Debt Collective Investment Trust(b)
$
11.4

 
$
9.7

Core Property Collective Investment Trust(c)
$
21.8

 
$
23.1



(a)
The SEI Structured Credit Collective Fund seeks to provide high general returns by investing in collateralized debt obligations (“CDO’s”) and other structured credit instruments. The SEI Structured Credit Collective Fund requires a two-year non-redemption period after which investments can be redeemed at any time; however, a 90 day redemption notification period is required. The Plan has satisfied all funding obligations related to this investment and has surpassed the two-year non-redemption period.
(b)
The SEI Energy Debt Collective Funds seeks to generate high total returns by primarily investing in debt securities of U.S. and international energy companies denominated in U.S. dollars. The Fund will invest in investment grade bonds, below investment grade bonds, loans, rights issues, or equities of U.S. companies.  Equity investments will be limited. In most cases, equity investments will be attached to a debt investment for extending credit or if received in a restructuring, though the Sub-Adviser is permitted to add-on to an existing equity position through a secondary market transaction.
(c)
The SEI Core Property Fund, (the "Fund") seeks both current income and long-term capital appreciation through investing in underlying funds that acquire, manage, and dispose of commercial real estate properties. The Fund expects to invest at least 85% of its assets in open-end core underlying funds focused on properties in the U.S. with "core" meaning high-quality, low-leveraged, income-generating office, industrial, retail, and multi-family properties, generally fully-leased to credit-worthy companies and governmental entities. Up to 5% of the Fund's net assets may be invested in liquid real estate strategies (publicly-traded REITs) for cash management purposes and the fund may have up to a 15% allocation to non-core sectors and strategies.
Schedule of Expected Benefit Payments
Estimated future benefit payments and Medicare Part D subsidies for the retiree health care plans are as follows: 
 
Benefit
Payments
 
 
2017
$
.6

2018
.6

2019
.6

2020
.6

2021
.6

2022-2026
2.4

Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Changes in Projected Benefit Obligations
Changes in benefit obligations and plan assets are as follows: 
 
2016
 
2015
 
(Dollars in millions)
Change in Benefit Obligation
 
 
 
Benefit obligation at beginning of year
$
282.5

 
$
333.8

Service cost
1.8

 
1.4

Interest cost
9.6

 
12.9

Curtailments

 
(.5
)
Actuarial loss (gain)
7.7

 
(34.7
)
Settlement
(.6
)
 
(.2
)
Benefits paid net of retiree contributions
(20.3
)
 
(28.2
)
Exchange rate changes
.1

 
(2.0
)
Benefit Obligation at End of Year
$
280.8

 
$
282.5

 
 
 
 
Change in Plan Assets
 
 
 
Fair value of plan assets at beginning of year
$
197.1

 
$
221.8

Actual return on assets
13.6

 
(2.2
)
Employer contributions
6.9

 
5.7

Settlement
(.2
)
 

Benefits and expenses paid net of retiree contributions
(20.3
)
 
(28.2
)
Fair Value of Plan Assets at End of Year
$
197.1

 
$
197.1

Funded Status at November 30
$
(83.7
)
 
$
(85.4
)
Amounts Recognized in the Consolidated Balance Sheets
 
 
 
Current liability
$
(1.4
)
 
$
(.5
)
Non-current liability
(82.3
)
 
(84.9
)
Net Amount Recognized
$
(83.7
)
 
$
(85.4
)
Schedule of Net Periodic Benefit Cost Not yet Recognized [Table Text Block]
As of November 30, 2016 and 2015, the amounts included in Accumulated Other Comprehensive Loss that have not yet been recognized in net periodic benefit cost consist of: 
Note M—Employee Benefit Plans (Continued)
 
2016
 
2015
 
(Dollars in millions)
Net actuarial loss
$
(141.5
)
 
$
(139.5
)
Prior service credits
$
.1

 
$
.1

Components of Net Periodic Benefit Costs
Net Periodic Benefit Cost 
 
2016
 
2015
 
2014
 
(Dollars in millions)
Net Periodic Benefit Cost
 
 
 
 
 
Service costs for benefits earned
$
1.8

 
$
1.4

 
$
1.5

Interest costs on benefit obligation
9.6

 
12.9

 
13.1

Assumed return on plan assets
(15.3
)
 
(15.7
)
 
(14.9
)
Amortization of net loss
4.6

 
5.4

 
3.9

Curtailment (gain) loss
(0.1
)
 
(.4
)
 

Total
$
0.6

 
$
3.6

 
$
3.6

Schedule of Assumptions Used
Weighted average assumptions used to measure the benefit obligation for the Company’s defined benefit plans as of November 30, 2016 and 2015 were as follows: 
 
Pension Plans
 
2016
 
2015
Weighted Average Assumptions
 
 
 
Discount rate used for liability determination
4.12
%
 
4.29
%
Annual rates of salary increase (non-U.S. plans)
3.44
%
 
3.77
%
 
Weighted average assumptions used to measure the net periodic benefit cost for the Company’s defined benefit plans as of November 30, 2016, 2015, and 2014 were as follows: 
Note M—Employee Benefit Plans (Continued)
 
Pension Plans
 
2016
 
2015
 
2014
Weighted Average Assumptions
 
 
 
 
 
Discount rate used for expense determination
4.29
%
 
4.01
%
 
4.74
%
Assumed long-term rate of return on plan assets
7.70
%
 
7.75
%
 
7.75
%
Annual rates of salary increase (non-U.S. plans)
3.77
%
 
3.67
%
 
3.56
%
Other Postretirement Benefit Plans, Defined Benefit [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Changes in Projected Benefit Obligations
Changes in benefit obligations are as follows: 
 
2016
 
2015
 
(Dollars in millions)
Change in Benefit Obligation
 
 
 
Benefit obligation at beginning of year
$
7.6

 
$
7.1

Interest cost
.2

 
.3

Actuarial (gain) loss
(.3
)
 
.8

Benefits paid net of retiree contributions
(.6
)
 
(.6
)
Benefit Obligation at End of Year
$
6.9

 
$
7.6

Change in Plan Assets
 
 
 
Fair value of plan assets at beginning of year
$

 
$

Employer contributions
.6

 
.6

Benefits and expenses paid, net of retiree contributions
(.6
)
 
(.6
)
Fair Value of Plan Assets at End of Year
$

 
$

Funded Status at November 30
$
(6.9
)
 
$
(7.6
)
Amounts Recognized in the Consolidated Balance Sheets
 
 
 
Current liability
$
(.6
)
 
$
(.7
)
Non-current liability
(6.3
)
 
(6.9
)
Net Amount Recognized
$
(6.9
)
 
$
(7.6
)
Schedule of Net Periodic Benefit Cost Not yet Recognized [Table Text Block]
As of November 30, 2016 and 2015, the amounts included in Accumulated Other Comprehensive Income (Loss) that have not been recognized in net periodic benefit cost consist of:
 
 
2016
 
2015
 
(Dollars in millions)
Net actuarial gain
$
12.5

 
$
13.2

Prior service credit
$

 
$

Components of Net Periodic Benefit Costs
Net Periodic Benefit Cost
2016
 
2015
 
2014
 
(Dollars in millions)
Net Periodic Benefit Cost (Income)
 
 
 
 
 
Interest costs on benefit obligation

$.2

 

$.3

 
$
.3

Amortization of prior service credits

 
(.1
)
 
(.3
)
Amortization of net gain
(1.0
)
 
(1.2
)
 
(1.4
)
Total
$
(0.8
)
 
$
(1.0
)
 
$
(1.4
)
Schedule of Assumptions Used
Note M—Employee Benefit Plans (Continued)

Assumptions 
 
2016
 
2015
 
2014
Weighted Average Assumptions
 
 
 
 
 
Discount rate used for liability determination
4.00
%
 
4.15
%
 
3.85
%
Discount rate used for expense determination
4.15
%
 
3.85
%
 
4.39
%
Current trend rate for health care costs
8.00
%
 
8.50
%
 
7.40
%
Ultimate trend rate for health care costs
4.50
%
 
4.50
%
 
4.50
%
Year reached
2037

 
2037

 
2028