Retirement Plans

3 Months Ended

Mar. 31, 2017

Compensation and Retirement Disclosure [Abstract]

Retirement Plans

Retirement Plans

Defined Benefit Plans

The Company recognizes net periodic pension cost based on the actuarial analysis performed at the previous year end, adjusted if certain significant events occur during the year. 

The components of net periodic benefit cost were as follows:

(in millions)	Three Months Ended March 31,
	2017			2016
Service cost	$	0.7		$	0.8
Interest cost	1.3			1.3
Expected return on plan assets	(2.5		)	(2.5		)
Amortization of unrecognized loss	0.6			0.6
Net periodic benefit cost	$	0.1		$	0.2

Defined Contribution Plans

The Company maintains defined contribution savings plans covering a significant portion of its eligible employees. Participant contributions are matched by the Company up to a 4.0% maximum of eligible compensation, subject to compensation and contribution limits as defined by the Internal Revenue Service. Employer contributions for the savings plans were as follows:

(in millions)	Three Months Ended March 31,
	2017		2016
Employer contributions	$	4.7	$	4.1

Matching contributions are invested in funds as directed by participants. Eligible participants may also elect to invest up to 50.0% of the Company's matching contribution in Company common stock. Common shares held by the contribution savings plan were as follows:

(in millions)	March 31, 2017	December 31, 2016
Common shares held	1.2	1.2