Retirement Plans and Other Post-Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2018

Compensation And Retirement Disclosure [Abstract]

Schedule of Change in Benefit Obligation and Plan Assets

 

	Pension Benefits						Other Benefits
In millions	2018			2017			2018			2017
Change in    Benefit    Obligation
Balance at    beginning of    year	$	347.0		$	311.5		$	9.7		$	9.2
Service cost		2.3			2.0			0.1			0.1
Interest cost		13.3			13.7			0.5			0.4
Plan amendments		0.1			4.1			—			—
Participant    contributions		—			—			1.2			1.1
Transfers from     Discontinued Operations		25.7			27.9			4.3			2.5
Actuarial    (gain)/loss		(10.6	)		23.1			(3.1	)		(0.6	)
Benefits paid		(45.1	)		(36.5	)		(3.5	)		(3.0	)
Effect of currency    rate changes		(0.5	)		1.2			—			—
Balance at end    of year	$	332.2		$	347.0		$	9.2		$	9.7
Change in    Plan Assets
Fair value of plan    assets at    beginning of year	$	372.8		$	327.4		$	—		$	—
Actual return    on plan assets		(22.4	)		51.9			—			—
Total contributions		2.2			2.1			3.5			3.0
Transfers from     Discontinued Operations		25.7			27.9			—			—
Benefits paid		(45.1	)		(36.5	)		(3.5	)		(3.0	)
Fair value of plan    assets at end    of year		333.2			372.8			—			—
Funded status at    end of year	$	1.0		$	25.8		$	(9.2	)	$	(9.7	)

Summary of Amounts Recognized in Consolidated Balance Sheets

Amounts presented under the caption “transfers from discontinued operations” represent the impact of employees changing their status from what was originally assumed for purposes of accounting for discontinued operations to the final determination at the time the sale was completed.

Amounts recognized in the consolidated balance sheets consist of the following as of December 31:

	Pension Benefits						Other Benefits
In millions	2018			2017			2018			2017
Other assets	$	43.3		$	66.4		$	—		$	—
Current liabilities		(2.1	)		(2.2	)		(2.4	)		(3.5	)
Other long-term    liabilities		(40.2	)		(38.4	)		(6.8	)		(6.2	)
Net amount    recognized	$	1.0		$	25.8		$	(9.2	)	$	(9.7	)

Components of Amounts Recognized as Accumulated Other Comprehensive Income on Pre-Tax Basis

The components of amounts recognized as “Accumulated other comprehensive income” consist of the following on a pre-tax basis:

	Pension Benefits				Other Benefits
In millions	2018		2017		2018		2017
Prior service    cost/(credit)	$	0.5	$	16.1	$	—	$	(0.5	)
Net actuarial loss		90.9		145.6		1.9		(5.6	)

Weighted-Average Assumptions Used in Computing Benefit Obligations

The weighted-average assumptions used in computing the benefit obligations above were as follows:

	Pension Benefits						Other Benefits
	2018			2017			2018			2017
Discount rate –    benefit    obligation		4.34	%		3.85	%		4.19	%		3.68	%
Future    compensation    growth rate		2.50			3.00			—			—

Information for Pension Plans with Accumulated Benefit Obligation in Excess of Plan Assets

Information for pension plans with an accumulated benefit obligation in excess of plan assets was as follows:

In millions	2018		2017
Projected benefit obligation	$	42.2	$	40.9
Accumulated benefit    obligation		36.6		36.7
Fair value of plan assets		—		—

Schedule of Net Periodic Benefit Cost of Pension and Other Benefits

Net periodic benefit cost includes the following components:

	Year Ended December 31
In millions	2018			2017			2016
Pension Benefits
Service cost	$	2.3		$	2.0		$	1.8
Interest cost		13.3			13.7			14.0
Expected return on plan    assets		(21.1	)		(22.2	)		(23.3	)
Amortization of    actuarial loss		7.1			7.1			7.6
One-time settlement    charge		—			—			7.3
Total net periodic benefit cost	$	1.6		$	0.6		$	7.4
Other Benefits
Service cost	$	0.1		$	0.1		$	0.1
Interest cost		0.5			0.4			0.4
Amortization of    actuarial loss		(0.3	)		—			(0.1	)
Total net periodic    benefit cost	$	0.3		$	0.5		$	0.4

Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss)

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) were as follows:

	Year Ended December 31
In millions	2018			2017
Pension Benefits
Actuarial (gain) loss	$	32.9		$	(6.8	)
Plan amendments		0.1			4.1
Recognized actuarial losses		(7.1	)		(7.1	)
Total recognized in other    comprehensive loss		25.9			(9.8	)
Total recognized in net periodic    benefit cost and other    comprehensive loss	$	27.5		$	(9.2	)
Other Benefits
Actuarial (gain) loss	$	(3.1	)	$	(0.6	)
Amortization of actuarial losses		0.3			—
Total recognized in other    comprehensive (income) loss		(2.8	)		(0.6	)
Total recognized in net periodic    benefit cost and other    comprehensive (income) loss	$	(2.5	)	$	(0.1	)

Schedule of Defined Benefit Plan Weighted-Average Assumptions Used in Computing Net Periodic Benefit Cost

The weighted-average assumptions used in computing the net periodic benefit cost information above were as follows:

	Year Ended December 31
	2018			2017			2016
Pension Benefits
Discount rate – benefit expense		3.85	%		4.44	%		4.65	%
Future compensation growth rate		3.00			3.00			3.50
Expected long-term rate of return    on plan assets		7.25			7.25			7.75
Other Benefits
Discount rate – benefit expense		3.68	%		4.18	%		4.38	%

Schedule of Health Care Cost Trend Rates Used in Calculating Benefit Obligations

Assumed health care cost trend rates used to determine benefit obligations at December 31 were as follows:

	2018			2017
Health care cost trend rate    assumed for next year		5.90	%		6.20	%
Rate to which the cost    trend rate is assumed to    decline (the ultimate trend rate)		4.50			4.50
Year that the rate reaches    the ultimate rate	2037			2037

Schedule of Fair Value of Benefit Plan Assets

The table below presents the fair values of our benefit plan assets by level within the fair value hierarchy, as described in Note 2:

	December 31, 2018
In millions	Total		Level 1		Level 2		Level 3
Fixed income	$	330.9	$	41.8	$	289.1	$	—
Cash and    equivalents		2.3		—		2.3		—
Total	$	333.2	$	41.8	$	291.4	$	—

	December 31, 2017
In millions	Total		Level 1		Level 2		Level 3
Domestic Equity
Large cap	$	119.0	$	6.9	$	112.1	$	—
Small and mid    cap		25.6		25.6		—		—
International    equity		45.1		4.0		41.1		—
REIT		15.3		15.3		—		—
Fixed income		161.1		13.3		147.8		—
Cash and    equivalents		6.7		0.1		6.6		—
Total	$	372.8	$	65.2	$	307.6	$	—

Benefit Payments Expected to be Made under Non-Qualified Pension Plans and Other Benefit Plans

Benefit payments expected to be made in 2019 under our non-qualified pension plans and other benefit plans are summarized below:

In thousands
Nonqualified pension plans	$	2,126
Other benefit plans		2,364

Summary of Benefit Expected to be Paid Out

The following benefit payments under all pension and other benefit plans, and giving effect to expected future service, as appropriate, are expected to be paid:

In thousands	Pension Benefits		Other Benefits
2019	$	26,252	$	2,364
2020		22,358		1,732
2021		22,009		1,264
2022		22,005		885
2023		21,344		665
2024 through 2028		101,499		1,992