PENSION AND OTHER POST RETIREMENT BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2013

General Discussion of Pension and Other Postretirement Benefits [Abstract]

Schedule of changes in benefit obligations, plan assets, funded status and amounts recognized in the balance sheet

	Pension Benefits						Other Benefits
(In millions)	2013			2012			2013			2012
Beginning benefit obligations	$	463.6		$	402.7		$	35.1		$	30.2
Service cost—benefits earned during the year	5.2			3.9			1.1			1.0
Interest cost on projected benefit obligations	14.4			15.6			1.3			1.3
Actuarial assumptions (gains) losses	(25.7		)	72.2			(3.8		)	2.6
Settlements and curtailments	(50.4		)	(30.9		)	—			—
Benefits paid	(2.8		)	(2.2		)	(1.3		)	(0.1		)
Exchange rate changes	(0.3		)	2.3			0.2			0.1
Benefit obligations at end of year	$	404.0		$	463.6		$	32.6		$	35.1
Beginning fair value of plan assets	$	312.1		$	280.7		$	—		$	—
Actual return on plan assets	(1.4		)	32.8			—			—
Employer contributions	18.5			28.2			0.9			0.1
Settlements	(50.4		)	(29.3		)	—			—
Benefits paid	(2.8		)	(2.2		)	(1.3		)	(0.1		)
Exchange rate changes	0.1			1.9			0.4			—
Fair value of plan assets at end of year	$	276.1		$	312.1		$	—		$	—
Underfunded status at end of year	$	(127.9	)	$	(151.5	)	$	(32.6	)	$	(35.1	)
Amounts in the consolidated balance sheets include:
Other assets	$	1.3		$	2.2		$	—		$	—
Pension, post retirement and post employment liabilities	(129.2		)	(153.7		)	(32.6		)	(35.1		)
Balance in the consolidated balance sheet at end of year	$	(127.9	)	$	(151.5	)	$	(32.6	)	$	(35.1	)
Amounts in accumulated other comprehensive loss include:
Net actuarial loss	$	197.7		$	242.6		$	11.8		$	17.3
Prior service (benefit)	1.2			—			(0.3		)	(0.5		)
Transition obligation	0.1			0.2			—			—
Balance in accumulated other comprehensive loss at end of year	$	199.0		$	242.8		$	11.5		$	16.8
Accumulated benefit obligation	$	375.7		$	428.0		$	32.6		$	35.1

Schedule of accumulated benefit obligation in excess of plan assets

	Years Ended December 31,
(In millions)	2013		2012
Projected benefit obligation	$	366.3	$	449.3
Accumulated benefit obligation	356.1		430.2
Fair value of plan assets	210.8		263.1

Schedule of net periodic benefit cost

	Pension Benefits									Other Benefits
	Years Ended December 31,									Years Ended December 31,
(In millions)	2013			2012			2011			2013			2012			2011
Service cost — benefits earned during the period	$	5.2		$	3.9		$	3.5		$	1.1		$	1.0		$	0.9
Interest cost on projected benefit obligations	14.4			15.6			17.0			1.3			1.3			1.3
Expected return on plan assets	(16.4		)	(16.2		)	(18.2		)	—			—			—
Amortization of net actuarial loss	6.6			5.3			3.3			1.7			1.9			1.7
Amortization of prior service (benefit)	—			—			—			(0.2		)	(0.2		)	(0.2		)
Amortization of transition cost	0.1			0.1			0.1			—			—			—
Sub-total	$	9.9		$	8.7		$	5.7		$	3.9		$	4.0		$	3.7
Settlements and curtailments	29.3			15.2			9.7			—			—			—
Total net periodic benefit cost	$	39.2		$	23.9		$	15.4		$	3.9		$	4.0		$	3.7

Schedule of net actuarial loss and prior service cost that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2012

(In millions)	Pension Benefits		Other Benefits
Amortization of net actuarial loss	$	5.2	$	1.1
Amortization of prior service (benefit)	0.1		(0.1		)
Amortization of transition cost	0.1		—
	$	5.4	$	1.0

Schedule of weighted-average assumptions used to determine benefit obligations and net periodic benefit cost

	Pension Benefits				Other Benefits
	December 31,				December 31,
	2013		2012		2013		2012
Discount rate	4.08	%	3.21	%	4.98	%	3.75	%
Rate of compensation increase	3.22	%	3.58	%	3.08	%	3.48	%

        The discount rate was determined based on the yield to maturity of high-quality corporate bonds and considering the duration of the pension plan obligations. The Citigroup Pension Discount Curve is used in developing the discount rate for the U.S. Pension Plan.

        Weighted-average assumptions used to determine net periodic benefit cost are established at the beginning of the plan year and were as follows:

	Pension Benefits						Other Benefits
	Years Ended December 31,						Years Ended December 31,
	2013		2012		2011		2013		2012		2011
Discount rate	3.26	%	4.03	%	5.59	%	3.75	%	4.29	%	5.28	%
Expected long term return on plan assets	5.22	%	5.65	%	6.91	%	—	%	—	%	—	%
Rate of compensation increase	3.59	%	4.00	%	4.02	%	3.48	%	3.94	%	3.94	%

Schedule of assumed health care cost trend rates

	December 31,
	2013		2012		2011
Health care cost trend rate assumed for next year	6.9	%	7.8	%	7.4	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	4.9	%	4.9	%	5.0	%
Year that the rate reaches the ultimate trend rate	2023		2023		2017

Schedule of effect of one-percentage-point change in assumed health care cost trend rates

(In millions)	1-Percentage-Point Increase		1-Percentage-Point Decrease
Effect on total of service and interest cost	$	—	$	—
Increase/(decrease) in post retirement benefit obligation	0.2		0.3

Schedule of fair values of the pension plan assets by asset category

	December 31, 2013						December 31, 2012
(In millions)	Total		Level 1		Level 2		Total		Level 1		Level 2
Cash and cash equivalents	$	13.0	$	13.0	$	—	$	11.4	$	11.4	$	—
Equity securities:
U.S. large-cap	16.3		—		16.3		13.6		—		13.6
U.S. mid-cap growth	3.1		—		3.1		2.8		—		2.8
U.S. small-cap growth	0.1		—		0.1		1.5		—		1.5
Emerging markets	2.8		—		2.8		3.1		—		3.1
Real estate investment trusts	5.6		—		5.6		13.4		—		13.4
International large-cap value	37.0		8.5		28.5		28.3		—		28.3
Hedge fund	17.4		—		17.4		15.7		—		15.7
Fixed income securities:
Government bonds	72.8		—		72.8		83.5		—		83.5
Corporate bonds	101.7		—		101.7		138.8		—		138.8
Emerging markets	6.3		—		6.3		—		—		—
Total	$	276.1	$	21.5	$	254.6	$	312.1	$	11.4	$	300.7

Schedule of estimated future benefit payments expected to be paid

(In millions)	Pension Benefits		Other Benefits
2014	$	29.3	$	0.8
2015	29.5		1.0
2016	29.5		1.1
2017	30.8		1.1
2018	29.7		1.3
Years 2019 - 2023	147.8		6.5