Other Long-Term Liabilities

12 Months Ended

Dec. 31, 2017

Liabilities, Other than Long-term Debt, Noncurrent [Abstract]

—Other Long‑Term Liabilities

The components of other long‑term liabilities as of December 31 follows:



(in millions)	2017		2016
Deferred taxes and other tax liabilities	$	262.6	$	144.1
Pension and other post-retirement obligations	26.6		27.1
Deferred compensation	24.7		21.2
Long-term workers' compensation	10.3		12.3
Other	14.5		12.3
Other long-term liabilities	$	338.7	$	217.0

Deferred Compensation

The Company’s Deferred Compensation Plan allows certain eligible participants to defer a portion of their cash compensation and provides a matching contribution to the deferred compensation plan of up to 4.0% of eligible compensation. Eligible compensation may be deferred up to 10 years and distributed via lump sum or annual payment installments over an additional 10 year period. Participants allocate their deferred compensation amongst various investment options with earnings accruing to the participant.

The Company has established a Rabbi Trust to provide for a degree of financial security to cover these obligations. Contributions to the Rabbi Trust by the Company are made at the discretion of management and generally are made in cash and invested in money-market funds. The Company consolidates the Rabbi Trust and therefore includes the investments in its Consolidated Balance Sheets. As of December 31, 2017 and 2016, the Company had $13.2 million and $11.7 million of cash, respectively and $4.0 million and $2.6 million of short-term investments, respectively. Management has classified these instruments as trading securities and therefore gains and losses are recorded in earnings, with cash flows presented as operating cash flows.