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Pensions and Other Postretirement Benefits (Tables)
12 Months Ended
Dec. 31, 2012
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
The following tables provide the changes in the benefit obligation and fair value of plan assets and statements of the funded status of the plans.
 
Pension Benefits
 
 
 
 
 
U.S. Plans
 
Non U.S. Plans
 
OPEB
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
 
(in millions of dollars)
Change in Benefit Obligation
 
 
 
 
 
 
 
 
 
 
 
Benefit Obligation at Beginning of Year
$
1,579.8

 
$
1,352.7

 
$
170.4

 
$
152.9

 
$
190.9

 
$
185.1

Service Cost
48.8

 
42.7

 
4.2

 
4.8

 
1.6

 
1.9

Interest Cost
84.4

 
77.6

 
8.5

 
8.8

 
9.6

 
10.0

Plan Participant Contributions

 

 

 

 
3.5

 
3.4

Actuarial (Gain) Loss
291.4

 
138.4

 
9.4

 
9.3

 
19.1

 
5.6

Benefits and Expenses Paid
(36.5
)
 
(31.6
)
 
(3.9
)
 
(4.1
)
 
(16.7
)
 
(15.1
)
Plan Amendment

 

 

 

 
(5.0
)
 

Curtailment

 

 

 

 
(4.2
)
 

Change in Foreign Exchange Rates

 

 
8.8

 
(1.3
)
 

 

Benefit Obligation at End of Year
$
1,967.9

 
$
1,579.8

 
$
197.4

 
$
170.4

 
$
198.8

 
$
190.9

 
Accumulated Benefit Obligation at December 31
$
1,822.3

 
$
1,462.2

 
$
187.3

 
$
160.9

 
N/A
 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
Change in Fair Value of Plan Assets
 
 
 
 
 
 
 
 
 
 
 
Fair Value of Plan Assets at Beginning of Year
$
1,170.8

 
$
1,179.6

 
$
188.0

 
$
176.0

 
$
11.7

 
$
11.9

Actual Return on Plan Assets
161.8

 
18.5

 
8.6

 
12.5

 
0.3

 
0.2

Employer Contributions
57.5

 
4.3

 
4.1

 
4.7

 
12.7

 
11.3

Plan Participant Contributions

 

 

 

 
3.5

 
3.4

Benefits and Expenses Paid
(36.5
)
 
(31.6
)
 
(3.9
)
 
(4.1
)
 
(16.7
)
 
(15.1
)
Change in Foreign Exchange Rates

 

 
8.8

 
(1.1
)
 

 

Fair Value of Plan Assets at End of Year
$
1,353.6

 
$
1,170.8

 
$
205.6

 
$
188.0

 
$
11.5

 
$
11.7

 
 
 
 
 
 
 
 
 
 
 
 
Underfunded (Overfunded) Status
$
614.3

 
$
409.0

 
$
(8.2
)
 
$
(17.6
)
 
$
187.3

 
$
179.2

Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
The amounts recognized in our consolidated balance sheets for our pension and OPEB plans at December 31, 2012 and 2011 are as follows:
 
Pension Benefits
 
 
 
 
 
U.S. Plans
 
Non U.S. Plans
 
OPEB
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
 
(in millions of dollars)
Current Liability
$
4.6

 
$
4.5

 
$

 
$

 
$
15.6

 
$
14.4

Noncurrent Liability
609.7

 
404.5

 

 

 
171.7

 
164.8

Noncurrent Asset

 

 
(8.2
)
 
(17.6
)
 

 

Underfunded (Overfunded) Status
$
614.3

 
$
409.0

 
$
(8.2
)
 
$
(17.6
)
 
$
187.3

 
$
179.2

 
 
 
 
 
 
 
 
 
 
 
 
Unrecognized Pension and Postretirement Benefit Costs
 
 
 
 
 
 
 
 
 
 
 
   Net Actuarial Gain (Loss)
$
(845.4
)
 
$
(673.1
)
 
$
(37.9
)
 
$
(25.0
)
 
$
(19.3
)
 
$
(4.1
)
   Prior Service Credit (Cost)
(0.6
)
 
(0.2
)
 
(0.2
)
 
(0.2
)
 
7.3

 
4.9

 
(846.0
)
 
(673.3
)
 
(38.1
)
 
(25.2
)
 
(12.0
)
 
0.8

   Deferred Income Tax Asset
306.3

 
235.7

 
11.1

 
8.0

 
4.2

 
9.9

Total Included in Accumulated Other Comprehensive Income (Loss)
$
(539.7
)
 
$
(437.6
)
 
$
(27.0
)
 
$
(17.2
)
 
$
(7.8
)
 
$
10.7

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
The following table provides the changes recognized in other comprehensive income for the years ended December 31, 2012 and 2011.
 
Pension Benefits
 
 
 
 
 
U.S. Plans
 
Non U.S. Plans
 
OPEB
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
 
(in millions of dollars)
Accumulated Other Comprehensive Income (Loss) at Beginning of Year
$
(437.6
)
 
$
(323.2
)
 
$
(17.2
)
 
$
(10.7
)
 
$
10.7

 
$
15.3

Net Actuarial Loss
 
 
 
 
 
 
 
 
 
 
 
Amortization
45.9

 
31.9

 
0.5

 

 

 

Curtailment

 

 

 

 
4.2

 

All Other Changes
(218.2
)
 
(207.5
)
 
(13.4
)
 
(8.7
)
 
(19.4
)
 
(5.5
)
Prior Service Credit

 

 

 

 

 

Amortization
(0.4
)
 
(0.5
)
 

 

 
(2.6
)
 
(2.6
)
Plan Amendment

 

 

 

 
5.0

 

Change in Deferred Income Tax Asset
70.6

 
61.7

 
3.1

 
2.2

 
(5.7
)
 
3.5

Accumulated Other Comprehensive Income (Loss) at End of Year
$
(539.7
)
 
$
(437.6
)
 
$
(27.0
)
 
$
(17.2
)
 
$
(7.8
)
 
$
10.7


Schedule of Assumptions Used [Table Text Block]
We use a December 31 measurement date for each of our plans. The weighted average assumptions used in the measurement of our benefit obligations as of December 31 and our net periodic benefit costs for the years ended December 31 are as follows:
 
Pension Benefits
 
 
 
 
 
U.S. Plans
 
Non U.S. Plans
 
OPEB
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
Benefit Obligations
 
 
 
 
 
 
 
 
 
 
 
   Discount Rate
4.50
%
 
5.40
%
 
4.50
%
 
4.90
%
 
4.20
%
 
5.20
%
   Rate of Compensation Increase
4.00
%
 
4.00
%
 
3.75
%
 
3.85
%
 
%
 
%
 
 
 
 
 
 
 
 
 
 
 
 
Net Periodic Benefit Cost
 
 
 
 
 
 
 
 
 
 
 
   Discount Rate
5.40
%
 
5.80
%
 
4.90
%
 
5.60
%
 
5.20
%
 
5.60
%
   Expected Return on Plan Assets
7.50
%
 
7.50
%
 
5.80
%
 
6.70
%
 
5.75
%
 
5.75
%
   Rate of Compensation Increase
4.00
%
 
4.00
%
 
3.85
%
 
4.50
%
 
%
 
%
Schedule of Net Benefit Costs [Table Text Block]
The following table provides the components of the net periodic benefit cost for the plans described above for the years ended December 31.
 
Pension Benefits
 
 
 
 
 
 
 
U.S. Plans
 
Non U.S. Plans
 
OPEB
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
 
(in millions of dollars)
Service Cost
$
48.8

 
$
42.7

 
$
36.5

 
$
4.2

 
$
4.8

 
$
4.9

 
$
1.6

 
$
1.9

 
$
2.6

Interest Cost
84.4

 
77.6

 
71.1

 
8.5

 
8.8

 
9.5

 
9.6

 
10.0

 
10.8

Expected Return on Plan Assets
(88.8
)
 
(87.6
)
 
(70.5
)
 
(11.1
)
 
(12.2
)
 
(10.7
)
 
(0.7
)
 
(0.7
)
 
(0.6
)
Amortization of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Actuarial Loss
45.9

 
31.9

 
29.8

 
0.5

 

 
2.4

 

 

 

   Prior Service Credit
(0.4
)
 
(0.5
)
 
(0.5
)
 

 

 

 
(2.6
)
 
(2.6
)
 
(2.6
)
Total
$
89.9

 
$
64.1

 
$
66.4

 
$
2.1

 
$
1.4

 
$
6.1

 
$
7.9

 
$
8.6

 
$
10.2


Schedule of Expected Benefit Payments [Table Text Block]
The following table provides expected benefit payments, which reflect expected future service, as appropriate.
 
Pension Benefits
 
 
 
 
 
 
 
U.S. Plans
 
Non U.S. Plans
 
OPEB
 
(in millions of dollars)
Year
 
 
 
 
Gross
 
Subsidy Payments
 
Net
2013
$
38.5

 
$
5.0

 
$
17.3

 
$
1.7

 
$
15.6

2014
43.3

 
5.6

 
17.4

 
1.9

 
15.5

2015
47.8

 
5.8

 
17.4

 
2.1

 
15.3

2016
53.9

 
6.4

 
17.2

 
2.3

 
14.9

2017
59.4

 
6.7

 
16.8

 
2.4

 
14.4

2018-2022
408.5

 
39.8

 
77.8

 
14.6

 
63.2

Pension Benefits, U.S. Plans
 
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The categorization of fair value measurements by input level for the invested assets in our U.S. pension plans is as follows:
 
December 31, 2012
 
Quoted Prices
in Active Markets
for Identical Assets
or Liabilities
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
 
(in millions of dollars)
Invested Assets
 
 
 
 
 
 
 
Equity Securities:
 
 
 
 
 
 
 
   U.S. Large Cap
$

 
$
269.2

 
$

 
$
269.2

   U.S. Mid Cap

 
111.6

 

 
111.6

   U.S. Small Cap
83.9

 
120.1

 

 
204.0

   International
106.4

 
102.9

 

 
209.3

   Emerging Markets

 
73.9

 

 
73.9

Fixed Income Securities:
 
 
 
 
 
 
 
   U.S. Government and Agencies
138.0

 
8.6

 

 
146.6

   Corporate
84.1

 
154.4

 

 
238.5

Alternative Investments:
 
 
 
 
 
 
 
   Private Equity Funds of Funds

 

 
28.7

 
28.7

   Hedge Funds of Funds

 

 
56.1

 
56.1

Cash Equivalents
13.1

 

 

 
13.1

Total
$
425.5

 
$
840.7

 
$
84.8

 
$
1,351.0


 
December 31, 2011
 
Quoted Prices
in Active Markets
for Identical Assets
or Liabilities
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
 
(in millions of dollars)
Invested Assets
 
 
 
 
 
 
 
Equity Securities:
 
 
 
 
 
 
 
   U.S. Large Cap
$

 
$
237.4

 
$

 
$
237.4

   U.S. Mid Cap

 
96.4

 

 
96.4

   U.S. Small Cap
131.1

 
45.0

 

 
176.1

   International
80.3

 
85.1

 

 
165.4

   Emerging Markets

 
51.6

 

 
51.6

Fixed Income Securities:
 
 
 
 
 
 
 
   U.S. Government and Agencies
145.7

 
9.5

 

 
155.2

   Corporate
71.8

 
139.4

 

 
211.2

Alternative Investments:
 
 
 
 
 
 
 
   Private Equity Funds of Funds

 

 
23.7

 
23.7

   Hedge Funds of Funds

 

 
44.3

 
44.3

Cash Equivalents
6.2

 

 

 
6.2

Total
$
435.1

 
$
664.4

 
$
68.0

 
$
1,167.5


Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
Changes in our U.S. pension plans' assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the years ended December 31, 2012 and 2011 are as follows:
 
Year Ended December 31, 2012
 
Beginning
of Year
 
Actual Return on Plan Assets
 
Purchases
 
Sales
 
Level 3 Transfers
 
End of
Year
 
 
Held at Year End
 
Sold During the Year
 
 
Into
 
Out of
 
 
(in millions of dollars)
Private Equity Funds of Funds
$
23.7

 
$
0.5

 
$
1.0

 
$
6.0

 
$
(2.5
)
 
$

 
$

 
$
28.7

Hedge Funds of Funds
44.3

 
3.8

 

 
11.8

 
(3.8
)
 

 

 
56.1

   Total
$
68.0

 
$
4.3

 
$
1.0

 
$
17.8

 
$
(6.3
)
 
$

 
$

 
$
84.8

 
Year Ended December 31, 2011
 
Beginning
of Year
 
Actual Return on Plan Assets
 
Purchases
 
Sales
 
Level 3 Transfers
 
End of
Year
 
 
Held at Year End
 
Sold During the Year
 
 
Into
 
Out of
 
 
(in millions of dollars)
Private Equity Funds of Funds
$
15.0

 
$
3.0

 
$

 
$
6.5

 
$
(0.8
)
 
$

 
$

 
$
23.7

Hedge Funds of Funds
46.0

 
(1.6
)
 
(0.1
)
 
6.9

 
(6.9
)
 

 

 
44.3

   Total
$
61.0

 
$
1.4

 
$
(0.1
)
 
$
13.4

 
$
(7.7
)
 
$

 
$

 
$
68.0

Pension Benefits UK Plans [Member]
 
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The categorization of fair value measurements by input level for the assets in our U.K. pension plan is as follows:
 
December 31, 2012
 
Quoted Prices
in Active Markets
for Identical Assets
or Liabilities
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
 
(in millions of dollars)
Plan Assets
 
 
 
 
 
 
 
Diversified Growth Assets
$

 
$
154.7

 
$

 
$
154.7

Fixed Interest and Index-linked Securities

 
43.5

 

 
43.5

Cash Equivalents
7.4

 

 

 
7.4

Total Plan Assets
$
7.4

 
$
198.2

 
$

 
$
205.6



Note 8 - Pensions and Other Postretirement Benefits - Continued
 
December 31, 2011
 
Quoted Prices
in Active Markets
for Identical Assets
or Liabilities
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
 
(in millions of dollars)
Plan Assets
 
 
 
 
 
 
 
Diversified Growth Assets
$

 
$
123.7

 
$

 
$
123.7

Fixed Interest and Index-linked Securities

 
63.5

 

 
63.5

Cash Equivalents
0.8

 

 

 
0.8

Total Plan Assets
$
0.8

 
$
187.2

 
$

 
$
188.0


Other Postretirement Benefit Plans
 
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The categorization of fair value measurements by input level for the assets in our OPEB plan is as follows:
 
December 31, 2012
 
Quoted Prices
in Active Markets
for Identical Assets
or Liabilities
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
 
(in millions of dollars)
Assets
 
 
 
 
 
 
 
Life Insurance Contracts
$

 
$

 
$
11.5

 
$
11.5

 
December 31, 2011
 
Quoted Prices
in Active Markets
for Identical Assets
or Liabilities
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
 
(in millions of dollars)
Assets
 
 
 
 
 
 
 
Life Insurance Contracts
$

 
$

 
$
11.7

 
$
11.7


Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
Changes in our OPEB plan assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the years ended December 31, 2012 and 2011 are as follows:
 
Year Ended December 31, 2012
 
Beginning
of Year
 
Actual Return on Plan Assets
 
Contributions
 
Net Benefits and Expenses Paid
 
End of Year
 
 
(in millions of dollars)
Life Insurance Contracts
$
11.7

 
$
0.3

 
$
16.2

 
$
(16.7
)
 
$
11.5

 
Year Ended December 31, 2011
 
Beginning
of Year
 
Actual Return on Plan Assets
 
Contributions
 
Net Benefits and Expenses Paid
 
End of Year
 
 
(in millions of dollars)
Life Insurance Contracts
$
11.9

 
$
0.2

 
$
14.7

 
$
(15.1
)
 
$
11.7