Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Allocation of Plan Assets by Investment

The following information details the allocation of plan assets by investment type. See Note P for definitions of fair value levels.

				FAIR VALUE HIERARCHY
At December 31, 2016	TARGET			LEVEL 1		LEVEL 2		TOTAL		MEASURED AT NAV		TOTAL
Equities:
U.S. equities										$	690.8	$	690.8
Global equities											746.1		746.1
Total equities		50 - 70	%								1,436.9		1,436.9
Fixed income:
U.S. fixed income				$	195.7	$	196.9	$	392.6		317.8		710.4
Non-U.S. fixed income							19.6		19.6		254.5		274.1
Total fixed income		30 - 50	%		195.7		216.5		412.2		572.3		984.5
Cash and other					8.8		60.0		68.8		3.9		72.7
Total plan assets				$	204.5	$	276.5	$	481.0	$	2,013.1	$	2,494.1
				FAIR VALUE HIERARCHY
At December 31, 2015	TARGET			LEVEL 1		LEVEL 2		TOTAL		MEASURED AT NAV		TOTAL
Equities:
U.S. equities										$	593.8	$	593.8
Global equities											674.2		674.2
Total equities		50 - 70	%								1,268.0		1,268.0
Fixed income:
U.S. fixed income				$	283.4	$	173.9	$	457.3		174.3		631.6
Non-U.S. fixed income							22.4		22.4		231.3		253.7
Total fixed income		30 - 50	%		283.4		196.3		479.7		405.6		885.3
Cash and other					8.2		54.9		63.1		2.6		65.7
Total plan assets				$	291.6	$	251.2	$	542.8	$	1,676.2	$	2,219.0

Weighted Average Assumptions of Pension Plans

The following additional data relates to all pension plans of the Company:
At December 31,	2016			2015
Weighted average assumptions:
Discount rate		3.7	%		4.2	%
Rate of increase in future compensation levels		3.9	%		3.9	%
Assumed long-term rate of return on plan assets		6.4	%		6.5	%

Components of Change in Projected Benefit Obligation and Change in Plan Assets

The components of the change in projected benefit obligation and change in plan assets are as follows:

	2016			2015
Change in projected benefit obligation:
Benefit obligation at January 1	$	2,306.0		$	2,417.4
Service cost		88.6			91.3
Interest cost		94.3			92.2
Benefits paid		(80.2	)		(121.3	)
Actuarial loss (gain)		186.4			(141.6	)
Currency translation and other		(90.6	)		(35.6	)
Participant contributions		1.1			3.6
Projected benefit obligation at December 31	$	2,505.6		$	2,306.0
Change in plan assets:
Fair value of plan assets at January 1	$	2,219.0		$	2,309.4
Employer contributions		185.7			62.9
Actual return on plan assets		254.5			.3
Benefits paid		(80.2	)		(121.3	)
Currency translation and other		(86.0	)		(35.9	)
Participant contributions		1.1			3.6
Fair value of plan assets at December 31	$	2,494.1		$	2,219.0
Funded status at December 31	$	(11.5	)	$	(87.0	)

Amounts Recorded on Balance Sheets

	2016		2015
Amounts recorded on balance sheet:
Other noncurrent assets	$	107.2	$	27.2
Other liabilities		118.7		114.2
Accumulated other comprehensive loss:
Actuarial loss		410.6		386.3
Prior service cost		3.4		3.9
Net initial transition amount		.1		.2

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

Information for all plans with an accumulated benefit obligation in excess of plan assets is as follows:
At December 31,	2016		2015
Projected benefit obligation	$	110.2	$	217.9
Accumulated benefit obligation		100.4		207.7
Fair value of plan assets		9.3		128.8

Components of Pension Expense

The components of pension expense are as follows:

Year Ended December 31,	2016			2015			2014
Service cost	$	88.6		$	91.3		$	67.3
Interest on projected benefit obligation		94.3			92.2			91.8
Expected return on assets		(141.7	)		(140.8	)		(128.0	)
Amortization of prior service costs		1.2			1.3			1.2
Recognized actuarial loss		27.7			41.1			20.8
Curtailment gain					(.1	)
Net pension expense	$	70.1		$	85.0		$	53.1

Multi-employer Plans

The Company’s participation in the following multi-employer plans for the years ended December 31 are as follows:
			PENSION PLAN		COMPANY CONTRIBUTIONS
PENSION PLAN	EIN		NUMBER		2016		2015		2014
Metal and Electrical Engineering Industry Pension Fund				135668	$	23.1	$	23.0	$	27.1
Western Metal Industry Pension Plan		91-6033499		001		1.5		2.1		2.0
Other plans						.7		.9		1.0
					$	25.3	$	26.0	$	30.1