Long-term Employee Benefits

6 Months Ended

Jun. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Long-term Employee Benefits

LONG-TERM EMPLOYEE BENEFITS

Components of Net Periodic Benefit Cost

The following table sets forth the components of net periodic benefit (gain) cost for the three and six months ended June 30, 2015 and 2014:

	Pension Benefits
	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Components of net periodic benefit cost:
Net periodic benefit cost:
Service cost	$	3.3		$	3.8		$	6.4		$	8.4
Interest cost	4.6			6.0			9.2			12.0
Expected return on plan assets	(3.6		)	(3.7		)	(7.3		)	(7.4		)
Amortization of actuarial (gain) loss, net	0.2			(0.1		)	0.5			(0.2		)
Amortization of prior service credit, net	—			—			(0.1		)	—
Net periodic benefit cost	$	4.5		$	6.0		$	8.7		$	12.8

	Other Long-Term Employee Benefits
	Three Months Ended June 30,					Six Months Ended June 30,
	2015			2014		2015			2014
Components of net periodic benefit (gain) cost:
Net periodic benefit (gain) cost:
Service cost	$	—		$	0.1	$	—		$	0.1
Interest cost	—			—		—			0.1
Amortization of prior service credit	(1.0		)	—		(1.9		)	—
Net periodic benefit (gain) cost	$	(1.0	)	$	0.1	$	(1.9	)	$	0.2

Significant Events

During the six months ended June 30, 2014, we amended one of our Non-U.S. defined benefit pension plans. The amendment effectively eliminated the accrual of future benefits for all participants as of June 30, 2014, resulting in a curtailment gain of $5.6 million. As the plan had unrealized losses in excess of the reduction of the projected benefit obligation at the date of amendment, the gain was recorded as a reduction of the projected benefit obligation and a corresponding reduction of unrealized losses within accumulated other comprehensive loss.