Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Employee Benefit Plans

Schedule of funded status of the defined benefit plans and amounts recognized in the consolidated balance sheets

	December 31,
	2014			2013
	(in millions)
Change in projected benefit obligation
Balance at beginning of the year	$	126.3		$	138.0
Service cost		0.7			0.5
Administration costs paid		(1.5	)		(0.8	)
Interest cost		5.9			5.4
Actuarial loss (gain)		32.6			(12.5	)
Benefits paid		(5.1	)		(4.3	)
Balance at end of year	$	158.9		$	126.3
Change in fair value of plan assets
Balance at beginning of the year	$	103.7		$	115.8
Actual gain (loss) on assets		21.1			(7.7	)
Employer contributions		0.7			0.7
Administration costs paid		(1.5	)		(0.8	)
Benefits paid		(5.1	)		(4.3	)
Fair value of plan assets at end of the year	$	118.9		$	103.7
Funded status at end of year	$	(40.0	)	$	(22.6	)

Schedule of amounts recognized in the consolidated balance sheets

	December 31,
	2014			2013
	(in millions)
Current liabilities	$	(40.0	)	$	(0.6	)
Noncurrent liabilities		—			(22.0	)
Net amount recognized	$	(40.0	)	$	(22.6	)

Schedule of amounts recognized in accumulated other comprehensive income

	December 31,
	2014		2013
	(in millions)
Net actuarial loss recognized	$	58.9	$	42.2

Information for pension plans with an accumulated benefit obligation in excess of plan assets

	December 31,
	2014		2013
	(in millions)
Projected benefit obligation	$	158.9	$	126.3
Accumulated benefit obligation	$	158.9	$	126.3
Fair value of plan assets	$	118.9	$	103.7

Schedule of the components of net periodic benefit cost

	Years Ended December 31,
	2014			2013			2012
	(in millions)
Service cost—benefits earned	$	0.7		$	0.5		$	0.6
Interest costs on benefits obligation		5.9			5.4			5.7
Expected return on assets		(6.3	)		(6.8	)		(6.9	)
Net actuarial loss amortization		1.2			1.0			0.6
Net periodic benefit cost	$	1.5		$	0.1		$	—

Schedule of weighted average assumptions used to determine benefit obligations

	December 31,
	2014			2013
Discount rate		3.5	%		4.9	%

Schedule of weighted-average assumptions used to determine net periodic benefit costs

	Years Ended December 31,
	2014			2013			2012
Discount rate		4.9	%		4.0	%		4.8	%
Long-term rate of return on assets		6.0	%		6.0	%		6.50	%

Schedule of the weighted average asset allocations by asset category

	December 31,
Asset Category	2014			2013
Equity securities		4.2	%		9.4	%
Debt securities		94.0			85.1
Other		1.8			5.5
Total		100.0	%		100.0	%

Schedule of the investments in the pension plan measured at fair value

	December 31, 2014								December 31, 2013
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in millions)
Money market funds	$	2.0	$	—	$	—	$	2.0	$	2.0	$	—	$	—	$	2.0
Equity securities
U.S. equity securities(a)		3.2		—		—		3.2		7.6		—		—		7.6
Non-U.S. equity securities(a)		1.2		—		—		1.2		1.3		—		—		1.3
Other equity securities(b)		0.5		—		—		0.5		0.7		—		—		0.7
Debt securities
U.S. government		—		—		—		—		16.5		—		—		16.5
U.S. and non-U.S. corporate(c)		—		110.7		—		110.7		—		70.9		—		70.9
Other investments(d)		1.3		—		—		1.3		4.7		—		—		4.7
Total investments	$	8.2	$	110.7	$	—	$	118.9	$	32.8	$	70.9	$	—	$	103.7

(a)	Includes investments in common stock from diverse industries
(b)	Includes investments in index and exchange-traded funds
(c)	Includes investment grade bonds from diverse industries
(d)	Includes investments in real estate investment funds, exchange-traded funds, commodity mutual funds and accrued interest

Information related to the company's pension funds cash flow

	December 31,
	2014		2013
	(in millions)
Employer Contributions	$	0.7	$	0.7
Benefit Payments	$	5.1	$	4.3

Schedule of expected benefit payments to be paid by the pension plans

	(in millions)
During fiscal year ending December 31, 2015	$	164.4	(1)
During fiscal year ending December 31, 2016		N/A	(1)
During fiscal year ending December 31, 2017		N/A	(1)
During fiscal year ending December 31, 2018		N/A	(1)
During fiscal year ending December 31, 2019		N/A	(1)
During fiscal years ending December 31, 2020 through December 31, 2021		N/A	(1)

(1) Benefits under the Pension Plan and the SERP are expected to be distributed by December 31, 2015.