XML 100 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
Retirement Benefits (Tables)
 12 Months Ended
Dec. 31, 2013
Retirement Benefits Pension And Postretirement [Line Items]  
Schedule Of Net Benefit Costs [Table Text Block]
 (In millions) U.S. Plans Non-U.S. Plans  Total 
 Years Ended December 31, 201320122011 201320122011 201320122011 
               
 Service cost$ - - -$ 15.0 11.1 10.2$ 15.0 11.1 10.2 
 Interest cost on projected benefit obligation  42.2 43.8 46.2  19.1 19.1 16.9  61.3 62.9 63.1 
 Return on assets – expected  (56.9) (60.0) (65.0)  (12.9) (12.2) (12.0)  (69.8) (72.2) (77.0) 
 Amortization of losses  45.1 39.5 28.2  6.1 4.0 2.8  51.2 43.5 31.0 
 Amortization of prior service cost  - - -  0.8 2.0 1.5  0.8 2.0 1.5 
 Settlement loss   0.1 5.0 -  2.6 3.3 2.2  2.7 8.3 2.2 
 Net periodic pension cost $ 30.5 28.3 9.4$ 30.7 27.3 21.6$ 61.2 55.6 31.0 
Schedule of Obligations and Funded Status [Table Text Block]
 (In millions) U.S. Plans Non-U.S. Plans Total  
 Years Ended December 31, 2013 2012 2013 2012 2013 2012 
                
 Benefit obligation at beginning of year$ 1,031.3  990.7  392.3  306.9  1,423.6  1,297.6 
 Service cost  -  -  15.0  11.1  15.0  11.1 
 Interest cost  42.2  43.8  19.1  19.1  61.3  62.9 
 Participant contributions  -  -  3.8  3.5  3.8  3.5 
 Plan amendments  -  -  (4.9)  11.7  (4.9)  11.7 
 Curtailments  -  -  (0.2)  (0.4)  (0.2)  (0.4) 
 Settlements  (0.5)  (13.9)  (2.0)  (3.2)  (2.5)  (17.1) 
 Benefits paid  (43.6)  (42.3)  (18.8)  (22.0)  (62.4)  (64.3) 
 Actuarial (gains) losses  (94.5)  53.0  (8.0)  54.9  (102.5)  107.9 
 Foreign currency exchange effects  -  -  (5.9)  10.7  (5.9)  10.7 
 Benefit obligation at end of year$ 934.9  1,031.3  390.4  392.3  1,325.3  1,423.6 
                
 Fair value of plan assets at beginning of year$ 756.3  685.4  283.0  230.5  1,039.3  915.9 
 Return on assets – actual  85.5  89.9  16.6  34.7  102.1  124.6 
 Participant contributions  -  -  3.8  3.5  3.8  3.5 
 Employer contributions  14.1  37.2  40.1  32.8  54.2  70.0 
 Settlements  (0.5)  (13.9)  (2.0)  (3.2)  (2.5)  (17.1) 
 Benefits paid  (43.6)  (42.3)  (18.8)  (22.0)  (62.4)  (64.3) 
 Foreign currency exchange effects  -  -  (0.7)  6.7  (0.7)  6.7 
 Fair value of plan assets at end of year$ 811.8  756.3  322.0  283.0  1,133.8  1,039.3 
                
 Funded status$ (123.1)  (275.0)  (68.4)  (109.3)  (191.5)  (384.3) 
                
 Included in:             
  Noncurrent asset$ -  -  (28.6)  (21.9)  (28.6)  (21.9) 
  Current liability, included in accrued liabilities  0.8  0.9  4.5  7.5  5.3  8.4 
  Noncurrent liability  122.3  274.1  92.5  123.7  214.8  397.8 
 Net pension liability $ 123.1  275.0  68.4  109.3  191.5  384.3 
Schedule of Assumptions Used [Table Text Block]
   U.S. Plans Non-U.S. Plans 
   2013 2012 2011 2013 2012 2011 
               
 Discount rate:            
  Pension cost 4.2%  4.6%  5.3%  5.3%  5.4%  5.8% 
  Benefit obligation at year end 5.0%  4.2%  4.6%  6.3%  5.3%  5.4% 
               
 Expected return on assets – pension cost 8.00%  8.25%  8.75%  4.64%  4.92%  5.16% 
               
 Average rate of increase in salaries(a):            
  Pension cost N/A N/A N/A  3.8%  3.2%  3.3% 
  Benefit obligation at year endN/A N/A N/A  3.9%  3.8%  3.2% 
Schedule of Changes of Level 3 Plan Assets [Table Text Block]
 (In millions)U.S. Pension Plans UMWA Plans Non-U.S. Pension Plans 
              
 Balance at December 31, 2011$ 96.8   39.9   0.6  
  Actual return on plan assets:          
   Relating to assets still held at the reporting date  2.5   1.0   -  
   Relating to assets sold during the period  -   -   -  
  Purchases, sales and settlements  -   -   -  
  Transfers in and/or out of Level 3  -   -   -  
 Balance at December 31, 2012  99.3   40.9   0.6  
              
  Actual return on plan assets:          
   Relating to assets still held at the reporting date  0.4   -   -  
   Relating to assets sold during the period  -   -   -  
  Purchases, sales and settlements  39.6   -   -  
  Transfers out of Level 3(a)  (99.3)   (40.9)   (0.6)  
 Balance at December 31, 2013$ 40.0   -   -  
Schedule of Costs of Retirement Plans [Table Text Block]
 (In millions)        
 Years Ended December 31, 2013 2012 2011 
         
 U.S. 401(K)$ 2.6  4.6  16.9 
 Other plans  2.9  2.5  3.9 
 Total$ 5.5  7.1  20.8 
Pension plan [Member]
  
Retirement Benefits Pension And Postretirement [Line Items]  
Schedule of Other Changes in Plan Assets and Benefit Recognized in Other Comprehensive Income [Table Text Block]
 (In millions) U.S. Plans Non-U.S. Plans Total  
 Years Ended December 31, 2013 2012 2013 2012 2013 2012 
                  
                  
 Benefit plan net experience losses recognized in              
  accumulated other comprehensive income (loss):             
   Beginning of year$ (491.9)  (513.3)  (59.7)  (34.6)  (551.6)  (547.9) 
   Net experience gains (losses) arising during the year  123.1  (23.1)  11.7  (32.4)  134.8  (55.5) 
   Reclassification adjustment for amortization of             
    prior experience losses included in net income  45.2  44.5  8.8  7.3  54.0  51.8 
   End of year$ (323.6)  (491.9)  (39.2)  (59.7)  (362.8)  (551.6) 
                  
 Benefit plan prior service cost recognized in             
  accumulated other comprehensive income (loss):             
   Beginning of year$ -  -  (15.8)  (6.1)  (15.8)  (6.1) 
   Prior service credit (cost) from plan amendments              
    during the year  -  -  4.9  (11.7)  4.9  (11.7) 
   Reclassification adjustment for amortization of             
    prior service cost included in net income  -  -  0.7  2.0  0.7  2.0 
   End of year$ -  -  (10.2)  (15.8)  (10.2)  (15.8) 
Schedule of Expected Benefit Payments [Table Text Block]
 (In millions) U.S. Plans Non-U.S. Plans Total  
           
 2014$ 47.7   14.6   62.3 
 2015  48.9   13.7   62.6 
 2016  50.0   16.4   66.4 
 2017  51.5   19.1   70.6 
 2018  53.1   21.3   74.4 
 2019 through 2023$ 287.3   168.8   456.1 
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
 (In millions)  U.S. Plans Non-U.S. Plans Total
 December 31, 2013 2012 2013 2012 2013 2012 
                
 Pension plans with an accumulated benefit obligation in excess of plan assets:              
  Fair value of plan assets$ 811.8  756.3  38.1  137.2  849.9  893.5 
  Accumulated benefit obligation  934.9  1,031.3  103.6  223.2  1,038.5  1,254.5 
  Projected benefit obligation  934.9  1,031.3  135.1  268.4  1,070.0  1,299.7 
Retirement benefits other than pension [Member]
  
Retirement Benefits Pension And Postretirement [Line Items]  
Schedule Of Net Benefit Costs [Table Text Block]
 (In millions) UMWA Plans  Black Lung and Other Plans  Total 
 Years Ended December 31, 201320122011 201320122011 201320122011 
               
 Service cost$ - - -$ 0.3 0.6 -$ 0.3 0.6 - 
 Interest cost on APBO  19.7 22.3 24.0  1.9 2.8 2.8  21.6 25.1 26.8 
 Return on assets – expected  (20.8) (21.3) (25.5)  - - -  (20.8) (21.3) (25.5) 
 Amortization of losses  19.6 21.0 14.7  0.7 1.5 0.6  20.3 22.5 15.3 
 Amortization of prior service cost  - - -  1.7 2.0 2.0  1.7 2.0 2.0 
 Net periodic postretirement cost $ 18.5 22.0 13.2$ 4.6 6.9 5.4$ 23.1 28.9 18.6 
Schedule of Obligations and Funded Status [Table Text Block]
 (In millions) UMWA Plans Black Lung and Other Plans  Total  
 Years Ended December 31, 2013 2012 2013 2012 2013 2012 
                
 APBO at beginning of year$ 525.3  529.6  53.0  60.9  578.3  590.5 
 Service cost  -  -  0.3  0.6  0.3  0.6 
 Interest cost  19.7  22.3  1.9  2.8  21.6  25.1 
 Plan amendments  (55.7)  -  -  (1.9)  (55.7)  (1.9) 
 Benefits paid  (34.2)  (35.7)  (7.1)  (6.6)  (41.3)  (42.3) 
 Medicare subsidy received  3.1  3.2  -  -  3.1  3.2 
 Actuarial (gains) losses, net  (31.7)  5.9  0.8  (2.2)  (30.9)  3.7 
 Foreign currency exchange effects  -  -  -  (0.6)  -  (0.6) 
 APBO at end of year$ 426.5  525.3  48.9  53.0  475.4  578.3 
                
 Fair value of plan assets at beginning of year$ 268.7  268.0  -  -  268.7  268.0 
 Employer contributions  1.0  -  7.1  6.6  8.1  6.6 
 Return on assets – actual  45.8  33.5  -  -  45.8  33.5 
 Benefits paid  (34.2)  (36.0)  (7.1)  (6.6)  (41.3)  (42.6) 
 Medicare subsidy received  3.1  3.2  -  -  3.1  3.2 
 Fair value of plan assets at end of year$ 284.4  268.7  -  -  284.4  268.7 
                
 Funded status$ (142.1)  (256.6)  (48.9)  (53.0)  (191.0)  (309.6) 
                
 Included in:             
  Current, included in accrued liabilities$ -  -  5.0  5.0  5.0  5.0 
  Noncurrent  142.1  256.6  43.9  48.0  186.0  304.6 
 Retirement benefits other than pension liability $ 142.1  256.6  48.9  53.0  191.0  309.6 
Schedule of Other Changes in Plan Assets and Benefit Recognized in Other Comprehensive Income [Table Text Block]
          Black Lung and Other     
 (In millions)  UMWA Plans Plans  Total  
 Years Ended December 31, 2013 2012 2013 2012 2013 2012 
                  
 Benefit plan net experience gain (loss) recognized in              
  accumulated other comprehensive income (loss):             
   Beginning of year$ (295.7)  (323.0)  (6.2)  (9.9)  (301.9)  (332.9) 
   Net experience gains (losses) arising during the year  56.7  6.3  (0.8)  2.2  55.9  8.5 
   Reclassification adjustment for amortization of             
    prior experience losses included in net income  19.6  21.0  0.7  1.5  20.3  22.5 
   End of year$ (219.4)  (295.7)  (6.3)  (6.2)  (225.7)  (301.9) 
                  
 Benefit plan prior service (cost) credit recognized in             
  accumulated other comprehensive income (loss):             
   Beginning of year$ -  -  (9.4)  (13.3)  (9.4)  (13.3) 
   Prior service credit from plan amendments during the year  55.7  -  -  1.9  55.7  1.9 
   Reclassification adjustment for amortization or curtailment              
    of prior service cost included in net income  -  -  1.7  2.0  1.7  2.0 
   End of year$ 55.7  -  (7.7)  (9.4)  48.0  (9.4) 
Schedule of Assumptions Used [Table Text Block]
    2013 2012 2011 
             
 Weighted-average discount rate:         
  Postretirement cost:         
   UMWA plans 3.9%  4.4%  5.3% 
   Black lung 3.5%  4.2%  4.8% 
   Weighted-average 3.9%  4.4%  5.2% 
  Benefit obligation at year end:          
   UMWA plans 4.7%  3.9%  4.4% 
   Black lung 4.4%  3.5%  4.2% 
   Weighted-average 4.7%  3.9%  4.4% 
 Expected return on assets 8.25%  8.50%  8.75% 
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
   Effect of Change in Assumed Healthcare Trend Rates
 (In millions) Increase 1% Decrease 1% 
          
 Higher (lower):       
  Service and interest cost in 2013$ 2.3   (1.9)  
  APBO at December 31, 2013  45.4   (38.6)  
Schedule of Expected Benefit Payments [Table Text Block]
       
 (In millions) UMWA plans Black lung and other plans Total 
           
 2014$ 31.5   5.0   36.5 
 2015  31.9   4.7   36.6 
 2016  31.5   4.4   35.9 
 2017  31.3   4.1   35.4 
 2018  32.9   3.8   36.7 
 2019 through 2023  148.6   15.9   164.5 
US Plans [Member]
  
Retirement Benefits Pension And Postretirement [Line Items]  
Schedule of Allocation of Plan Assets [Table Text Block]
     December 31, 2013 December 31, 2012 
   Fair   % %   % % 
   Value Total Fair Actual Target Total Fair Actual Target 
 (In millions, except for percentages)Level Value Allocation Allocation Value Allocation Allocation 
                 
 U.S. Pension Plans              
 Cash, cash equivalents and receivables $ 3.8  -  -  3.5  1  - 
 Equity securities:              
  U.S. large-cap(a)1  132.1  16  16  227.3  30  30 
  U.S. small/mid-cap(a)1  58.6  7  7  60.8  8  8 
  International(a)1  114.4  14  14  94.1  12  12 
  Emerging markets(b)1  31.7  4  4  -  -  - 
  Dynamic asset allocation(c)1  50.2  6  6  -  -  - 
 Fixed-income securities:              
  Long duration(d)1  190.8  32  32  139.9  24  23 
  Long duration(d)2  65.0      39.1     
  High yield(e)1  24.5  3  3  61.9  8  8 
  Emerging markets(f)1  23.2  3  3  30.4  4  4 
 Other types of investments:              
  Hedge fund of funds(g)2  37.3  5  5  99.3  13  15 
  Core property(h)2  40.2  5  5  -  -  - 
  Structured credit(i)3  40.0  5  5  -  -  - 
 Total $ 811.8  100  100  756.3  100  100 
                 
 UMWA Plans              
 Equity securities:              
  U.S. large-cap(a)1$ 107.0  38  37  97.2  36  37 
  U.S. small/mid-cap(a)1  27.9  10  9  23.7  9  9 
  International(a)1  41.8  15  14  39.3  15  14 
 Fixed-income securities:              
  High yield(e)1  24.1  8  8  23.1  9  8 
  Emerging markets(f)1  10.9  4  4  11.7  4  4 
  Multi asset real return(j)1  29.3  10  13  32.8  12  13 
 Other types of investments:              
  Hedge fund of funds(g)2  29.2  10  10  40.9  15  15 
  Core property(h)2  14.2  5  5  -  -  - 
 Total $ 284.4  100  100  268.7  100  100 
Non-US Plans [Member]
  
Retirement Benefits Pension And Postretirement [Line Items]  
Schedule of Allocation of Plan Assets [Table Text Block]
     December 31, 2013 December 31, 2012 
       % %   % % 
     Total Fair Actual Target Total Fair Actual Target 
 (In millions, except for percentages) Value Allocation Allocation Value Allocation Allocation 
                 
 Non-U.S. Pension Plans             
 Cash and cash equivalents $ 5.2  2  -  2.6  1  - 
 Equity securities:             
  U.S. equity funds(a)  30.0      25.8     
  Canadian equity funds(a)  38.3      31.7     
  European equity funds(a)  8.9      7.4     
  Asia Pacific equity funds(a)  1.7      1.3     
  Emerging markets(a)  9.3      4.7     
  Other non-U.S. equity funds(a)  38.8      37.3     
   Total equity securities  127.0  39  39  108.2  38  39 
 Fixed-income securities:             
  Global credit(b)  37.5      34.3     
  Canadian fixed-income funds(c)  24.8      20.3     
  European fixed-income funds(d)  11.0      10.2     
  High-yield(e)  12.3      10.2     
  Emerging markets(f)  6.9      5.8     
  Long-duration(g)  79.4      76.1     
   Total fixed-income securities  171.9  53  55  156.9  55  56 
 Other types of investments:             
  Convertible securities(h)  12.0      10.1     
  Commodity derivatives(i)  4.7      4.0     
  Other   1.2      1.2     
   Total other types of investments  17.9  6  6  15.3  6  5 
 Total$ 322.0  100  100  283.0  100  100