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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2015
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Change In Benefit Obligation, Change In Plan Assets And Components Of Funded Status
The following tables present the change in benefit obligation, change in plan assets and components of funded status for defined benefit pension and post-retirement health care benefit plans.
 
 
Pension Benefits
 
Health Care Benefits
(In millions)
 
2015
 
2014
 
2015
 
2014
Change in benefit obligation:
 
 
 
 
 
 
 
 
Projected benefit obligation — beginning of year
 
$
576.8

 
$
537.0

 
$
16.6

 
$
16.4

Service cost
 
1.7

 
1.6

 

 

Interest cost
 
21.3

 
24.9

 
0.6

 
0.7

Actuarial (gain) loss
 
(18.3
)
 
70.9

 
(3.6
)
 
1.3

Benefits paid
 
(51.9
)
 
(54.8
)
 
(1.2
)
 
(1.7
)
Other
 
(2.2
)
 
(2.8
)
 
(0.6
)
 
(0.1
)
Projected benefit obligation — end of year
 
$
527.4

 
$
576.8

 
$
11.8

 
$
16.6

Projected salary increases
 
(1.7
)
 
(3.5
)
 

 

Accumulated benefit obligation
 
$
525.7

 
$
573.3

 
$
11.8

 
$
16.6

Change in plan assets:
 
 
 
 
 
 
 
 
Plan assets — beginning of year
 
$
484.0

 
$
472.2

 
$

 
$

Actual return on plan assets
 
(1.2
)
 
47.8

 

 

Company contributions
 
25.8

 
20.1

 
1.2

 
1.5

Benefits paid
 
(51.9
)
 
(54.8
)
 
(1.2
)
 
(1.7
)
Other
 
(0.7
)
 
(1.3
)
 

 
0.2

Plan assets — end of year
 
$
456.0

 
$
484.0

 
$

 
$

Unfunded status at end of year
 
$
(71.4
)
 
$
(92.8
)
 
$
(11.8
)
 
$
(16.6
)
Amounts Included In Consolidated Balance Sheets
Amounts included in the accompanying Consolidated Balance Sheets as of December 31 are as follows:
 
 
Pension Benefits
 
Health Care Benefits
(In millions)
 
2015
 
2014
 
2015
 
2014
Accrued expenses and other liabilities
 
$
4.4

 
$
4.1

 
$
1.3

 
$
1.6

Other non-current liabilities
 
67.0

 
88.7

 
10.5

 
15.0

Schedule Of Projected And Accumulated Benefit Obligations In Excess Of Plan Assets
As of December 31, 2015 and 2014, we had plans with total projected and accumulated benefit obligations in excess of the related plan assets as follows:
 
 
Pension Benefits  
 
Health Care Benefits
(In millions)
 
2015
 
2014
 
2015
 
2014
Projected benefit obligation
 
$
527.4

 
$
566.3

 
$
11.8

 
$
16.6

Accumulated benefit obligation
 
525.7

 
562.8

 
11.8

 
16.6

Fair value of plan assets
 
456.0

 
473.5

 

 

Weighted Average Assumptions Used To Determine Net Periodic Benefit Cost and Benefit Obligation
Weighted-average assumptions used to determine benefit obligations at December 31:
 
 
Pension Benefits  
 
Health Care Benefits
 
 
2015
 
2014
 
2015
 
2014
Discount rate
 
4.11
%
 
3.88
%
 
4.12
%
 
3.75
%
Assumed health care cost trend rates at December 31:
 
 
 
 
 
 
 
 
Health care cost trend rate assumed for next year
 
N/A

 
N/A

 
6.69
%
 
6.88
%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
 
N/A

 
N/A

 
4.50
%
 
4.50
%
Year that the rate reaches the ultimate trend rate
 
N/A

 
N/A

 
2027

 
2027

Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:
 
 
Pension Benefits
 
Health Care Benefits
 
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Discount rate*
 
3.88
%
 
4.83
%
 
4.12
%
 
3.75
%
 
4.38
%
 
3.71
%
Expected long-term return on plan assets*
 
6.87
%
 
6.86
%
 
8.41
%
 
%
 
%
 
%
Assumed health care cost trend rates at December 31:
 
 
 
 
 
 
 
 
 
 
 
 
Health care cost trend rate assumed for next year
 
N/A

 
N/A

 
N/A

 
6.88
%
 
7.02
%
 
7.39
%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
 
N/A

 
N/A

 
N/A

 
4.50
%
 
4.50
%
 
4.63
%
Year that the rate reaches the ultimate trend rate
 
N/A

 
N/A

 
N/A

 
2027

 
2027

 
2025


*
The mark-to-market component of net periodic costs is determined based on discount rates as of year end and actual asset returns during the year.
Components Of Net Period Benefit Cost
The following table summarizes the components of net periodic benefit cost or gain that was recognized during each of the years in the three-year period ended December 31, 2015.
 
 
Pension Benefits
 
Health Care Benefits
(In millions)
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Components of net periodic benefit costs (gains):
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
1.7

 
$
1.6

 
$
1.7

 
$

 
$

 
$

Interest cost
 
21.3

 
24.9

 
23.9

 
0.6

 
0.7

 
0.6

Expected return on plan assets
 
(32.7
)
 
(32.2
)
 
(37.4
)
 

 

 

Mark-to-market actuarial net losses (gains)
 
15.2

 
55.2

 
(43.0
)
 
(3.6
)
 
1.3

 
(1.0
)
Net periodic benefit cost (gain)
 
$
5.5

 
$
49.5

 
$
(54.8
)
 
$
(3.0
)
 
$
2.0

 
$
(0.4
)
Fair Values Of Pension Plan Assets
The fair values of pension plan assets at December 31, 2015 and 2014, by asset category, are as follows:
 
 
Fair Value of Plan Assets at December 31, 2015
(In millions)
 
Quoted
Prices in
Active
Markets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Asset category
 
 
 
 
 
 
 
 
Cash
 
$
3.6

 
$

 
$

 
$
3.6

Equities
 
15.8

 

 

 
15.8

Registered investment companies:
 
 
 
 
 
 
 
 
Non-U.S. equity
 
38.8

 

 

 
38.8

Common collective funds:
 
 
 
 
 
 
 
 
Short-term investments
 

 
3.4

 

 
3.4

United States equity
 

 
53.1

 

 
53.1

Fixed income
 

 
76.4

 

 
76.4

United States treasuries
 
87.3

 

 

 
87.3

Fixed income securities
 
137.9

 
34.9

 

 
172.8

Other
 

 

 
4.8

 
4.8

Totals
 
$
283.4

 
$
167.8

 
$
4.8

 
$
456.0


 
 
Fair Value of Plan Assets at December 31, 2014
(In millions)
 
Quoted
Prices in
Active
Markets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Asset category
 
 
 
 
 
 
 
 
Cash
 
$
6.7

 
$

 
$

 
$
6.7

Equities
 
19.2

 

 

 
19.2

Registered investment companies:
 
 
 
 
 
 
 
 
Non-U.S. equity
 
44.3

 

 

 
44.3

Floating rate income
 
35.7

 

 

 
35.7

Common collective funds:
 
 
 
 
 
 
 
 
Short-term investments
 

 
18.8

 

 
18.8

United States equity
 

 
62.6

 

 
62.6

Fixed income
 

 
77.0

 

 
77.0

United States treasuries
 
74.6

 

 

 
74.6

Fixed income securities
 
124.7

 
5.2

 

 
129.9

Other
 

 

 
15.2

 
15.2

Totals
 
$
305.2

 
$
163.6

 
$
15.2

 
$
484.0

Estimated Future Benefit Payments
The estimated future benefit payments for our pension and health care plans are as follows:
(In millions)
 
Pension
Benefits
 
Health
Care
Benefits
2016
 
$
39.8

 
$
1.2

2017
 
39.2

 
1.2

2018
 
39.1

 
1.2

2019
 
38.3

 
1.1

2020
 
38.3

 
1.0

2021 through 2025
 
180.8

 
4.3

Schedule Of Contributions To The Retirement Savings Plan
Following are our contributions to the RSP:
(In millions)
 
2015
 
2014
 
2013
Retirement savings match
 
$
9.9

 
$
9.7

 
$
9.8

Retirement benefit contribution
 
4.1

 
4.0

 
4.0

Total contributions
 
$
14.0

 
$
13.7

 
$
13.8