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Pension Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]  
Weighted Average Assumptions Used To Determine Benefit Obligations
Weighted average assumptions used to determine benefit obligations at date of measurement:
 
 
U.S. Plans
 
Non-U.S. Plans
 
2012
 
2011
 
2012
 
2011
Discount rate
3.90
%
 
4.50
%
 
3.45
%
 
4.10
%
Rate of compensation increase
N/A

 
4.00
%
 
3.00
%
 
3.00
%
Weighted Average Assumptions Used To Determine Net Periodic Pension Cost
Weighted average assumptions used to determine net periodic pension cost at date of measurement:
 
 
U.S. Plans
 
Non-U.S. Plans
 
2012
 
2011
 
2012
 
2011
Discount rate
4.50
%
 
5.20
%
 
4.10
%
 
4.70
%
Expected long-term return on plan assets
7.50
%
 
8.00
%
 
4.95
%
 
4.90
%
Rate of compensation increase
N/A

 
4.00
%
 
3.00
%
 
3.00
%
Fair Values Of Pension Plan Assets
The fair values of the Company’s pension plan assets for both the U.S. and non-U.S. plans as of December 31, 2012, 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
$
22.5

 
$

 
$

 
$
22.5

Equity securities:
 
 
 
 
 
 
 
Common stock
298.5

 
21.4

 

 
319.9

Preferred stock
15.1

 

 

 
15.1

Fixed income securities:
 
 
 
 
 
 
 
Corporate bonds

 
155.9

 

 
155.9

Government issued

 
5.0

 

 
5.0

Mutual funds
540.2

 
414.4

 

 
954.6

Common/collective trusts

 
664.9

 

 
664.9

Venture capital and partnerships

 

 
163.9

 
163.9

Real estate

 

 
150.5

 
150.5

Insurance contracts

 
103.1

 

 
103.1

Total
$
876.3

 
$
1,364.7

 
$
314.4

 
$
2,555.4


The fair values of the Company’s pension plan assets for both the U.S. and non-U.S. plans as of December 31, 2011, 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
$
39.5

 
$

 
$

 
$
39.5

Equity securities:
 
 
 
 
 
 
 
Common stock
290.4

 
58.2

 

 
348.6

Preferred stock
12.4

 

 

 
12.4

Fixed income securities:
 
 
 
 
 
 
 
Corporate bonds

 
171.9

 

 
171.9

Government issued

 
14.1

 

 
14.1

Mutual funds
619.5

 
279.8

 

 
899.3

Common/collective trusts

 
515.4

 

 
515.4

Venture capital and partnerships

 

 
163.9

 
163.9

Real estate

 

 
152.0

 
152.0

Insurance contracts

 
61.2

 

 
61.2

Total
$
961.8

 
$
1,100.6

 
$
315.9

 
$
2,378.3

Summary Of Changes In Fair Value Of Level 3 Investments
The table below sets forth a summary of changes in the fair value of the Level 3 investments for the years ended December 31, 2012 and 2011 ($ in millions):
 
 
Common
Stock
 
Venture Capital
and Partnerships
 
Real Estate
 
Total
Balance, January 1, 2011
$
0.7

 
$
62.6

 
$
101.7

 
$
165.0

Actual return on plan assets:
 
 
 
 
 
 
 
— Relating to assets sold during the period

 

 
0.9

 
0.9

— Relating to assets still held at December 31, 2011

 
(16.0
)
 
8.6

 
(7.4
)
Acquisitions

 
114.2

 
40.2

 
154.4

Purchases

 
7.0

 
2.3

 
9.3

Sales
(0.7
)
 
(1.3
)
 
(1.7
)
 
(3.7
)
Settlements

 
(2.6
)
 

 
(2.6
)
Balance, December 31, 2011
$

 
$
163.9

 
$
152.0

 
$
315.9

Actual return on plan assets:
 
 
 
 
 
 
 
— Relating to assets sold during the period

 
(0.3
)
 
6.1

 
5.8

— Relating to assets still held at December 31, 2012

 
4.7

 
11.8

 
16.5

Acquisitions

 

 

 

Purchases

 
14.8

 
0.7

 
15.5

Sales

 
(19.2
)
 
(20.1
)
 
(39.3
)
Settlements

 

 

 

Balance, December 31, 2012
$

 
$
163.9

 
$
150.5

 
$
314.4

Pension Benefit Plans
 
Defined Benefit Plan Disclosure [Line Items]  
Funded Status Of Pension Plans
The following sets forth the funded status of the U.S. and non-U.S. plans as of the most recent actuarial valuations using measurement dates of December 31, 2012 and 2011 ($ in millions):
 
 
U.S. Pension Benefits
 
Non-U.S. Pension Benefits
 
2012
 
2011
 
2012
 
2011
Change in pension benefit obligation:
 
 
 
 
 
 
 
Benefit obligation at beginning of year
$
2,316.1

 
$
1,382.4

 
$
1,038.5

 
$
685.4

Service cost
5.6

 
15.0

 
23.9

 
17.4

Interest cost
101.8

 
91.1

 
42.5

 
39.2

Employee contributions

 

 
6.5

 
5.7

Benefits paid and other
(163.6
)
 
(120.3
)
 
(41.5
)
 
(38.8
)
Acquisitions

 
852.7

 
37.1

 
323.5

Actuarial loss
277.8

 
159.2

 
108.3

 
49.2

Amendments, settlements and curtailments
(31.5
)
 
(64.0
)
 
(13.5
)
 
(16.5
)
Foreign exchange rate impact

 

 
26.4

 
(26.6
)
Benefit obligation at end of year
2,506.2

 
2,316.1

 
1,228.2

 
1,038.5

Change in plan assets:
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
1,735.4

 
1,073.6

 
642.9

 
406.7

Actual return on plan assets
202.7

 
(0.7
)
 
53.7

 
8.2

Employer contributions
55.4

 
131.9

 
53.0

 
45.4

Employee contributions

 

 
6.5

 
5.6

Plan settlements
(29.9
)
 

 
(13.4
)
 
(12.7
)
Benefits paid and other
(163.6
)
 
(120.3
)
 
(41.6
)
 
(38.8
)
Acquisitions

 
650.9

 
36.1

 
243.3

Foreign exchange rate impact

 

 
18.2

 
(14.8
)
Fair value of plan assets at end of year
1,800.0

 
1,735.4

 
755.4

 
642.9

Funded status
(706.2
)
 
(580.7
)
 
(472.8
)
 
(395.6
)
Less: Funded status attributable to discontinued operations

 
1.9

 

 
4.6

Accrued benefit cost – continuing operations
$
(706.2
)
 
$
(578.8
)
 
$
(472.8
)
 
$
(391.0
)
US and Non US Pension Benefit Plans
 
Defined Benefit Plan Disclosure [Line Items]  
Components of Net Periodic Pension Cost
Components of net periodic pension cost ($ in millions):
 
 
U.S. Pension Benefits
 
Non-U.S. Pension Benefits
 
2012
 
2011
 
2012
 
2011
Service cost
$
5.6

 
$
15.0

 
$
23.9

 
$
17.4

Interest cost
101.8

 
91.1

 
42.5

 
39.2

Expected return on plan assets
(129.9
)
 
(115.2
)
 
(32.8
)
 
(27.4
)
Amortization of prior service credit

 

 
(0.2
)
 
(0.3
)
Amortization of net loss
44.3

 
28.9

 
4.7

 
3.3

Curtailment and settlement losses (gains) recognized
0.3

 
(3.3
)
 
1.5

 
1.2

Net periodic pension cost
$
22.1

 
$
16.5

 
$
39.6

 
$
33.4

Benefit Payments That Reflect Expected Future Service
The following table sets forth benefit payments, 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
2013
$
143.9

 
$
44.3

 
$
188.2

2014
146.1

 
47.1

 
193.2

2015
150.3

 
47.0

 
197.3

2016
151.8

 
48.0

 
199.8

2017
157.0

 
48.3

 
205.3

2018-2022
792.8

 
271.3

 
1,064.1