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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2018
Retirement Benefits [Abstract]  
Summary Of Pension Obligations And Funded Status
A summary of our pension obligations and funded status as of December 31 is as follows:
 
2018
 
2017
 
2016
Change in benefit obligation
 
 
 
 
 
Benefit obligation, beginning of period
$
241.5

 
$
293.0

 
$
290.3

Service cost
3.9

 
4.6

 
4.4

Interest cost
8.0

 
10.9

 
11.3

Plan participants’ contributions
.5

 
.7

 
.7

Actuarial (gain) loss
(20.3
)
 
4.0

 
9.8

Benefits paid
(13.4
)
 
(15.2
)
 
(19.1
)
Plan amendments
1.9

 
—

 
—

Settlements
—

 
(59.8
)
 
—

Foreign currency exchange rate changes
(2.3
)
 
3.3

 
(4.4
)
Benefit obligation, end of period 1
219.8

 
241.5

 
293.0

Change in plan assets
 
 
 
 
 
Fair value of plan assets, beginning of period
185.7

 
214.1

 
207.5

Actual (loss) return on plan assets
(10.6
)
 
28.3

 
18.9

Employer contributions
21.8

 
14.9

 
9.8

Plan participants’ contributions
.5

 
.7

 
.7

Benefits paid
(13.4
)
 
(15.2
)
 
(19.1
)
Settlements
—

 
(59.8
)
 
—

Foreign currency exchange rate changes
(2.2
)
 
2.7

 
(3.7
)
Fair value of plan assets, end of period
181.8

 
185.7

 
214.1

Net funded status
$
(38.0
)
 
$
(55.8
)
 
$
(78.9
)
Funded status recognized in the Consolidated Balance Sheets
 
 
 
 
 
Other assets—sundry
$
1.6

 
$
2.2

 
$
1.1

Other current liabilities
(.4
)
 
(.4
)
 
(.4
)
Other long-term liabilities
(39.2
)
 
(57.6
)
 
(79.6
)
Net funded status
$
(38.0
)
 
$
(55.8
)
 
$
(78.9
)


1 The benefit obligation at December 31, 2017, decreased as compared to December 31, 2016, primarily due to the settlement of $59.8 of pension obligations for our U.S. plans through our annuity purchase transaction as discussed in more detail below.
Schedule Of Accumulated Other Comprehensive Income
Amounts and activity included in accumulated other comprehensive income associated with pensions are reflected below:
 
December 31, 2017
 
2018
Amortization
 
2018
Net
Actuarial
loss
 
2018
Foreign
currency
exchange
rates
change
 
2018
Income
tax
change
 
December 31, 2018
Net loss (gain) (before tax)
$
53.6

 
$
(2.6
)
 
$
4.2

 
$
(.5
)
 
$
—

 
$
54.7

Deferred income taxes
(15.1
)
 
—

 
—

 
—

 
(.3
)
 
(15.4
)
Accumulated other comprehensive income (loss) (net of tax)
$
38.5

 
$
(2.6
)
 
$
4.2

 
$
(.5
)
 
$
(.3
)
 
$
39.3
Summary Of Accumulated Other Comprehensive Income Recognized In Net Periodic Pension Cost
Of the amounts in accumulated other comprehensive income as of December 31, 2018, the portions expected to be recognized as components of net periodic pension cost in 2019 are as follows:
 
Net loss
$
2.8

Net prior service cost
.2

Total expected to be recognized in 2019
$
3.0
Components Of Net Pension (Expense) Income
Components of net pension (expense) income for the years ended December 31 were as follows:
 
2018
 
2017
 
2016
Service cost
$
(3.9
)
 
$
(4.6
)
 
$
(4.4
)
Interest cost
(8.0
)
 
(10.9
)
 
(11.3
)
Expected return on plan assets
11.9

 
13.4

 
12.9

Recognized net actuarial loss
(2.6
)
 
(4.6
)
 
(4.5
)
       Settlements
—

 
(15.3
)
 
—

Net pension expense
$
(2.6
)
 
$
(22.0
)
 
$
(7.3
)
Weighted average assumptions for pension costs:
 
 
 
 
 
Discount rate used in net pension costs
3.4
%
 
3.8
%
 
4.1
%
Rate of compensation increase used in pension costs
3.0
%
 
3.5
%
 
3.5
%
Expected return on plan assets
6.4
%
 
6.5
%
 
6.5
%
Weighted average assumptions for benefit obligation:
 
 
 
 
 
Discount rate used in benefit obligation
3.9
%
 
3.4
%
 
3.8
%
Rate of compensation increase used in benefit obligation
3.0
%
 
3.0
%
 
3.5
%
Schedule Of Fair Value Of Pension Plan Assets
Presented below are our major categories of investments for the periods presented:
 
Year Ended December 31, 2018
 
Year Ended December 31, 2017
 
Level 1
 
Level 2
 
Level 3
 
Assets Measured at NAV1
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Assets Measured at NAV1
 
Total
Mutual and pooled funds
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed income
$
41.8

 
$
—

 
$
—

 
$
—

 
$
41.8

 
$
38.2

 
$
—

 
$
—

 
$
—

 
$
38.2

Equities
96.8

 
—

 
—

 
—

 
96.8

 
103.2

 
—

 
—

 
—

 
103.2

Stable value funds
—

 
29.5

 
—

 
—

 
29.5

 
—

 
25.8

 
—

 
—

 
25.8

Money market funds, cash and other
—

 
—

 
—

 
13.7

 
13.7

 
—

 
—

 
—

 
18.5

 
18.5

Total investments at fair value
$
138.6

 
$
29.5

 
$
—

 
$
13.7

 
$
181.8

 
$
141.4

 
$
25.8

 
$
—

 
$
18.5

 
$
185.7


 
1Certain investments that are measured at fair value using the net asset value (NAV) per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.
Schedule of Allocation of Plan Assets
Plan assets are invested in diversified portfolios of equity, debt and government securities, as well as a stable value fund. The aggregate allocation of these investments is as follows:
 
2018
 
2017
Asset Category
 
 
 
Equity securities
53
%
 
55
%
Debt securities
23

 
21

Stable value funds
16

 
14

Other, including cash
8

 
10

Total
100
%
 
100
%
Schedule Of Estimated Benefit Payments
Estimated benefit payments expected over the next ten years are as follows:
2019
$
12.4

2020
13.0

2021
13.8

2022
14.1

2023
14.3

2024-2028
69.9
Schedule of Costs of Retirement Plans
Total expense for defined contribution plans was as follows: 
 
2018
 
2017
 
2016
Defined contribution plans
$
6.3

 
$
6.3

 
$
6.1