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Pension Plans (Tables)
12 Months Ended
Dec. 31, 2017
Compensation and Retirement Disclosure [Abstract]  
Schedule of the Funded Status of the Non-U.S. Plans
The following sets forth the funded status of our plans as of the most recent actuarial valuations using measurement dates of December 31 ($ in millions):
 
U.S. Pension Benefits
 
Non-U.S. Pension Benefits
 
2017
 
2017
 
2016
Change in pension benefit obligation:
 
 
 
 
 
Benefit obligation at beginning of year
$

 
$
335.4

 
$
326.9

Service cost

 
4.0

 
3.5

Interest cost
0.3

 
5.9

 
7.4

Employee contributions

 
1.5

 
1.5

Benefits paid and other
(0.2
)
 
(11.1
)
 
(12.8
)
Plan combinations/acquisitions
33.1

 
1.5

 
2.8

Actuarial loss (gain)
0.5

 
(10.7
)
 
32.2

Amendments, settlements and curtailments

 
(17.6
)
 
(1.6
)
Foreign exchange rate impact

 
36.0

 
(24.5
)
Benefit obligation at end of year
33.7

 
344.9

 
335.4

Change in plan assets:
 
 
 
 
 
Fair value of plan assets at beginning of year

 
198.1

 
196.7

Actual return on plan assets
0.5

 
(9.4
)
 
17.9

Employer contributions

 
10.6

 
10.7

Employee contributions

 
1.5

 
1.5

Amendments and settlements

 
(5.1
)
 
(0.5
)
Benefits paid and other
(0.2
)
 
(11.1
)
 
(12.8
)
Plan combinations/acquisitions
25.5

 
0.9

 
1.8

Foreign exchange rate impact

 
19.7

 
(17.2
)
Fair value of plan assets at end of year
25.8

 
205.2

 
198.1

Funded status
$
(7.9
)
 
$
(139.7
)
 
$
(137.3
)
Schedule of Weighted Average Assumptions Used
Weighted average assumptions used to determine net periodic pension cost at date of measurement
 
U.S. Pension Plans
 
Non-U.S. Pension Plans
 
2017
 
2017
 
2016
Discount rate
3.83
%
 
1.91
%
 
2.63
%
Expected return on plan assets
5.75
%
 
3.58
%
 
4.19
%
Rate of compensation increase
N/A

 
2.89
%
 
2.77
%
Weighted average assumptions used to determine benefit obligations at date of measurement
 
U.S. Pension Plans
 
Non-U.S. Pension Plans
 
2017
 
2017
 
2016
Discount rate
3.73
%
 
1.96
%
 
1.91
%
Rate of compensation increase
N/A

 
2.31
%
 
2.89
%
Schedule of Net Periodic Pension Costs
Components of net periodic pension cost
 
U.S. Pension Benefits
 
Non-U.S. Pension Benefits
($ in millions)
2017
 
2017
 
2016
Service cost
$

 
$
4.0

 
$
3.5

Interest cost
0.3

 
5.9

 
7.4

Expected return on plan assets
(0.3
)
 
(7.4
)
 
(8.1
)
Amortization of net loss

 
4.6

 
5.3

Net curtailment and settlement loss recognized

 
0.9

 
0.2

Net periodic pension cost
$

 
$
8.0

 
$
8.3

Schedule of Fair Value of Pension Plan Assets
The fair values of our pension plan assets as of December 31, 2017, by asset category were as follows ($ in millions): 
 
Quoted Prices in
Active Market
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Cash and equivalents
$
5.6

 
$

 
$

 
$
5.6

Fixed income securities:
 
 
 
 
 
 
 
Corporate bonds

 
0.3

 

 
0.3

Mutual funds

 
9.7

 

 
9.7

Insurance contracts

 
1.8

 

 
1.8

Total
$
5.6

 
$
11.8

 
$

 
$
17.4

Investments measured at NAV(a):
 
 
 
 
 
 
 
Mutual funds
 
 
 
 
 
 
211.7

Other private investments
 
 
 
 
 
 
1.9

Total assets at fair value
 
 
 
 
 
 
$
231.0

 
 
 
 
 
 
 
 
(a) The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total fair value of plan assets.
The fair values of our pension plan assets as of December 31, 2016, by asset category were as follows ($ in millions):
 
Quoted Prices in
Active Market
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Cash and equivalents
$
4.4

 
$

 
$

 
$
4.4

Fixed income securities:
 
 
 
 
 
 
 
Corporate bonds

 
0.3

 

 
0.3

Mutual funds

 
7.7

 

 
7.7

Insurance contracts

 
1.4

 

 
1.4

Total
$
4.4

 
$
9.4

 
$

 
$
13.8

Investments measured at NAV(a):
 
 
 
 
 
 
 
Mutual funds
 
 
 
 
 
 
179.8

Other private investments
 
 
 
 
 
 
4.5

Total assets at fair value
 
 
 
 
 
 
$
198.1

 
 
 
 
 
 
 
 
(a) The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total fair value of plan assets.
Schedule of Expected Benefit Payments
The following sets forth benefit payments to participants, which reflect expected future service, as appropriate, expected to be paid by the plans in the periods indicated ($ in millions):
 
U.S. Pension Plans
 
Non-U.S. Pension Plans
 
All Pension Plans
2018
$
1.1

 
$
13.2

 
$
14.3

2019
1.3

 
13.1

 
14.4

2020
1.3

 
14.0

 
15.3

2021
1.5

 
13.9

 
15.4

2022
1.6

 
15.7

 
17.3

2023-2027
9.0

 
73.5

 
82.5