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Employee Benefits (Tables)
12 Months Ended
Dec. 31, 2011
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Schedule of Defined Benefit Plans Disclosures
The change in the benefit obligation, the change in plan assets, the funded status and amounts recognized for the domestic pension plan, the significant foreign pension plans and the domestic postretirement benefit plan are listed below.
 
Domestic
Pension Plan
 
Foreign
Pension Plans
 
Domestic Postretirement
Benefit Plan
 
December 31,
2011
 
2010
 
2011
 
2010
 
2011
 
2010
Benefit Obligation
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation as of January 1
$
130.9

 
$
139.6

 
$
431.1

 
$
464.0

 
$
51.8

 
$
55.1

Service cost
0.0

 
0.0

 
9.6

 
9.7

 
0.2

 
0.3

Interest cost
6.8

 
7.3

 
23.3

 
22.8

 
2.7

 
2.8

Benefits paid
(11.9
)
 
(16.6
)
 
(21.2
)
 
(21.1
)
 
(6.2
)
 
(7.0
)
Plan participant contributions
0.0

 
0.0

 
0.7

 
0.7

 
1.4

 
1.5

Actuarial losses (gains)
3.2

 
0.6

 
13.5

 
(2.3
)
 
0.9

 
(0.9
)
Curtailments and settlements
0.0

 
0.0

 
(5.8
)
 
(12.2
)
 
0.0

 
0.0

Foreign currency effect
0.0

 
0.0

 
4.9

 
(15.1
)
 
0.0

 
0.0

Other
0.0

 
0.0

 
0.5

 
(15.4
)
 
0.0

 
0.0

 
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation as of December 31
$
129.0

 
$
130.9

 
$
456.6

 
$
431.1

 
$
50.8

 
$
51.8

 
 
 
 
 
 
 
 
 
 
 
 
Fair Value of Plan Assets
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets as of January 1
$
95.3

 
$
91.1

 
$
312.1

 
$
300.2

 
$
0.0

 
$
0.0

Actual return on plan assets
9.7

 
11.2

 
9.0

 
28.3

 
0.0

 
0.0

Employer contributions
14.1

 
9.6

 
65.0

 
28.1

 
4.8

 
5.5

Plan participant contributions
0.0

 
0.0

 
0.7

 
0.7

 
1.4

 
1.5

Benefits paid
(11.9
)
 
(16.6
)
 
(21.2
)
 
(21.1
)
 
(6.2
)
 
(7.0
)
Settlements
0.0

 
0.0

 
(5.8
)
 
(12.2
)
 
0.0

 
0.0

Foreign currency effect
0.0

 
0.0

 
3.8

 
(7.4
)
 
0.0

 
0.0

Other
0.0

 
0.0

 
0.0

 
(4.5
)
 
0.0

 
0.0

 
 
 
 
 
 
 
 
 
 
 
0.0

Fair value of plan assets as of December 31
$
107.2

 
$
95.3

 
$
363.6

 
$
312.1

 
$
0.0

 
$
0.0

 
 
 
 
 
 
 
 
 
 
 
 
Funded status of the plans at December 31
$
(21.8
)
 
$
(35.6
)
 
$
(93.0
)
 
$
(119.0
)
 
$
(50.8
)
 
$
(51.8
)

 
Domestic
Pension Plan
 
Foreign
Pension Plans
 
Domestic Postretirement
Benefit Plan
December 31,
2011
 
2010
 
2011
 
2010
 
2011
 
2010
Amounts recognized in Consolidated Balance Sheets
 
 
 
 
 
 
 
 
 
 
 
Non-current asset
$
0.0

 
$
0.0

 
$
19.6

 
$
8.1

 
$
0.0

 
$
0.0

Current liability
0.0

 
0.0

 
(8.1
)
 
(9.3
)
 
(4.9
)
 
(4.5
)
Non-current liability
(21.8
)
 
(35.6
)
 
(104.5
)
 
(117.8
)
 
(45.9
)
 
(47.3
)
 
 
 
 
 
 
 
 
 
 
 
 
Net liability recognized
$
(21.8
)
 
$
(35.6
)
 
$
(93.0
)
 
$
(119.0
)
 
$
(50.8
)
 
$
(51.8
)
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated benefit obligation
$
129.0

 
$
130.9

 
$
432.8

 
$
408.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts recognized in Accumulated Other Comprehensive Loss, net
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss
$
49.9

 
$
55.5

 
$
55.2

 
$
32.3

 
$
6.7

 
$
5.7

Prior service cost (credit)
0.0

 
0.1

 
1.9

 
1.6

 
(0.3
)
 
(0.4
)
Transition obligation
0.0

 
0.0

 
0.0

 
0.0

 
0.1

 
0.3

 
 
 
 
 
 
 
 
 
 
 
 
Total amount recognized
$
49.9

 
$
55.6

 
$
57.1

 
$
33.9

 
$
6.5

 
$
5.6

In 2012, we estimate that we will recognize $6.1, $1.0 and $0.2 of net actuarial losses from accumulated other comprehensive loss, net to net periodic cost related to our domestic pension plan, significant foreign pension plans and domestic postretirement benefit plan, respectively.
 
Domestic
Pension Plan
 
Foreign Pension Plans
December 31,
2011
 
2010
 
2011
 
2010
Pension plans with underfunded or unfunded accumulated benefit obligation
 
 
 
 
 
 
 
Aggregate projected benefit obligation
$
129.0

 
$
130.9

 
$
132.6

 
$
411.5

Aggregate accumulated benefit obligation
129.0

 
130.9

 
127.0

 
394.4

Aggregate fair value of plan assets
107.2

 
95.3

 
20.2

 
285.7

Schedule of Net Benefit Costs
 
Domestic Pension Plan
 
Foreign Pension Plans
 
Domestic Postretirement Benefit Plan
Years ended December 31,
2011
 
2010
 
2009
 
2011
 
2010
 
2009
 
2011
 
2010
 
2009
Service cost
$
0.0

 
$
0.0

 
$
0.0

 
$
9.6

 
$
9.7

 
$
11.7

 
$
0.2

 
$
0.3

 
$
0.4

Interest cost
6.8

 
7.3

 
8.0

 
23.3

 
22.8

 
23.2

 
2.7

 
2.8

 
3.1

Expected return on plan assets
(7.5
)
 
(7.0
)
 
(7.4
)
 
(19.0
)
 
(17.0
)
 
(13.7
)
 
0.0

 
0.0

 
0.0

Curtailment and settlement losses
0.0

 
0.0

 
0.0

 
0.0

 
1.4

 
2.5

 
0.0

 
0.0

 
0.0

Amortization of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Transition obligation
0.0

 
0.0

 
0.0

 
0.0

 
0.0

 
0.0

 
0.1

 
0.2

 
0.1

Prior service cost (credit)
0.0

 
0.0

 
0.1

 
0.2

 
0.2

 
0.2

 
(0.1
)
 
(0.1
)
 
(0.1
)
Unrecognized actuarial losses
6.6

 
8.6

 
9.8

 
0.7

 
1.9

 
2.3

 
0.0

 
0.0

 
0.0

Net periodic cost
$
5.9

 
$
8.9

 
$
10.5

 
$
14.8

 
$
19.0

 
$
26.2

 
$
2.9

 
$
3.2

 
$
3.5

 
Assumptions
 
Domestic Pension Plan
 
Foreign Pension Plans
 
Domestic Postretirement Benefit Plan
Years ended December 31,
2011
 
2010
 
2009
 
2011
 
2010
 
2009
 
2011
 
2010
 
2009
Net periodic cost
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
5.50
%
 
5.51
%
 
6.01
%
 
5.45
%
 
5.50
%
 
5.54
%
 
5.50
%
 
5.50
%
 
6.00
%
Rate of compensation increase
N/A

 
N/A

 
N/A

 
4.37
%
 
4.43
%
 
4.41
%
 
N/A

 
N/A

 
N/A

Expected return on plan assets
7.50
%
 
7.49
%
 
8.16
%
 
5.88
%
 
5.84
%
 
5.05
%
 
N/A

 
N/A

 
N/A

Benefit obligation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
5.00
%
 
5.50
%
 
5.53
%
 
5.00
%
 
5.45
%
 
5.51
%
 
5.00
%
 
5.50
%
 
5.50
%
Rate of compensation increase
N/A

 
N/A

 
N/A

 
3.66
%
 
4.34
%
 
4.43
%
 
N/A

 
N/A

 
N/A

Health care cost trend rate assumed for next year
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Initial rate (weighted-average)
 
 
 
 
 
 
 
 
 
 
 
 
8.00
%
 
8.50
%
 
8.00
%
Year ultimate rate is reached
 
 
 
 
 
 
 
 
 
 
 
 
2016

 
2017

 
2015

Ultimate rate
 
 
 
 
 
 
 
 
 
 
 
 
5.50
%
 
5.50
%
 
5.50
%
Fair Value of Pension Plan Assets
The following table presents the fair value of our domestic and foreign pension plans' assets as of December 31, 2011 and 2010, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value. See Note 11 for a description of the fair value hierarchy.
 
December 31, 2011
 
December 31, 2010
Asset Class
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Investment funds
$
18.4

 
$
307.1

 
$
43.8

 
$
369.3

 
$
19.5

 
$
289.1

 
$
53.9

 
$
362.5

Insurance contracts
0.0

 
24.8

 
0.0

 
24.8

 
0.0

 
25.1

 
0.0

 
25.1

Limited partnerships
0.0

 
0.0

 
41.1

 
41.1

 
0.0

 
0.0

 
3.2

 
3.2

Other
31.1

 
4.4

 
0.1

 
35.6

 
13.3

 
3.2

 
0.1

 
16.6

Total
$
49.5

 
$
336.3

 
$
85.0

 
$
470.8

 
$
32.8

 
$
317.4

 
$
57.2

 
$
407.4

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
The following table presents additional information about our domestic and foreign pension plans' assets for which we utilize Level 3 inputs to determine fair value. 
 
Year ended December 31, 2011
 
Year ended December 31, 2010
  
Investment
Funds
 
Limited Partnership
 
Other
 
Total
 
Investment
Funds
 
Limited Partnership
 
Other
 
Total
Balance at beginning of period
$
53.9

 
$
3.2

 
$
0.1

 
$
57.2

 
$
38.6

 
$
4.7

 
$
0.5

 
$
43.8

Actual return on assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets sold during the year
0.1

 
0.0

 
0.0

 
0.1

 
(0.4
)
 
(0.2
)
 
0.0

 
(0.6
)
Assets still held at year end
(0.6
)
 
(1.2
)
 
0.0

 
(1.8
)
 
6.5

 
0.2

 
0.0

 
6.7

Net purchases, sales and settlements
(9.6
)
 
39.1

 
0.0

 
29.5

 
3.0

 
(1.5
)
 
0.0

 
1.5

Transfers in/out of Level 3
0.0

 
0.0

 
0.0

 
0.0

 
6.2

 
0.0

 
(0.4
)
 
5.8

Balance at end of period
$
43.8

 
$
41.1

 
$
0.1

 
$
85.0

 
$
53.9

 
$
3.2

 
$
0.1

 
$
57.2

Schedule of Allocation of Plan Assets
As of December 31, 2011, the weighted-average target and actual asset allocations relating to our domestic and foreign pension plans' assets are listed below.
 
 
 
 
December 31,
Asset Class
 
2012 Target Allocation
 
2011
 
2010
Equity securities
 
25
%
 
20
%
 
26
%
Fixed income securities
 
47
%
 
47
%
 
47
%
Other
 
28
%
 
33
%
 
27
%
Total
 
100
%
 
100
%
 
100
%
Schedule of Estimated Future Benefit Payments
The following estimated future benefit payments, which reflect future service, as appropriate, are expected to be paid in the years indicated below.
Years
Domestic
Pension Plan
 
Foreign
Pension Plans
 
Domestic Postretirement
Benefit Plan
2012
$
11.0

 
$
21.8

 
$
5.4

2013
10.9

 
24.2

 
5.4

2014
10.6

 
24.8

 
5.3

2015
9.9

 
25.8

 
5.1

2016
10.3

 
26.7

 
5.0

2017 - 2021
44.4

 
153.7

 
21.7

Schedule of Federal Subsidies
The following federal subsidies are expected to be received in the years indicated below.
Years
 
Domestic Postretirement
Benefit Plan
2012
 
$
0.5

2013
 
0.6

2014
 
0.6

2015
 
0.5

2016
 
0.5

2017 - 2021
 
1.4