Subsequent Events

3 Months Ended

Mar. 31, 2012

Subsequent Events [Abstract]

Subsequent Events

16. Subsequent Events

On April 25, 2012, we completed an agreement that transferred to MassMutual the liability for future pension payments to certain retirees.  The Company's U.S. pension plan transferred approximately $176 million to MassMutual, and MassMutual will have the responsibility for pension payments to all U.S. retirees that were receiving pension payments as of December 31, 2011.  The Company's pension plan retains the liability for pensions of deferred vested and active employees.  The transaction will result in a settlement charge in the second quarter of 2012.  The amount of the settlement charge is expected to be in the range of $105 to $115 million.

On May 2, 2012, the Company announced that it had reached an agreement to sell its PrimaLoft^® Products business for $38 million. We expect that transaction to close during the second quarter of 2012 and, in future quarters, the business will be reported as a discontinued operation.