XML 106 R58.htm IDEA: XBRL DOCUMENT v3.8.0.1
Pension, Health Care and Postretirement Benefits Other Than Pensions - Narrative (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
employee
pension_plan
shares
Dec. 31, 2016
USD ($)
employee
Dec. 31, 2015
USD ($)
employee
Dec. 31, 2014
USD ($)
Minimum | Equity Securities        
Expected defined benefit payments        
Target allocation percentage of plan assets in equity securities 35.00%      
Minimum | Fixed Income Securities        
Expected defined benefit payments        
Target allocation percentage of plan assets in equity securities 35.00%      
Maximum | Equity Securities        
Expected defined benefit payments        
Target allocation percentage of plan assets in equity securities 65.00%      
Maximum | Fixed Income Securities        
Expected defined benefit payments        
Target allocation percentage of plan assets in equity securities 55.00%      
Valspar        
Defined contribution pension plans        
Number of defined contribution plans acquired | pension_plan 2      
Postretirement Health Coverage        
Health care plans        
Number of active employees entitled to receive benefits under health care plans | employee 26,565 22,708 21,918  
Cost of benefits includes claims incurred and claims incurred but not reported under health care plans $ 281,158 $ 220,589 $ 217,781  
Defined Benefit Pension        
Defined benefit pension plans        
Fair value of plan assets 935,081 701,791 742,521  
Expected defined benefit payments        
Expected cash payments, 2018 75,782      
Expected cash payments, 2019 72,174      
Expected cash payments, 2020 74,673      
Expected cash payments, 2021 75,322      
Expected cash payments, 2022 75,864      
Expected cash payments, 2022-2026 375,592      
Amortization of actuarial losses 1,532      
Amortization of prior service cost (credit) 1,458      
Defined Benefit Pension | Domestic Defined Benefit Pension Plans        
Defined contribution pension plans        
Contributions by company 38,426 36,731 35,435  
Defined benefit pension plans        
Projected benefit obligation 916,175 632,797 624,791 $ 653,338
Fair value of plan assets 1,188,638 847,013 858,605 896,071
Excess (deficient) plan assets over projected benefit obligations 272,463 214,216 233,814  
Accumulated benefit obligation $ 913,363 630,159 621,873  
Expected defined benefit payments        
Equity investment in domestic defined benefit pension plan assets (in shares) | shares 300,000      
Market value of common shares invested in defined benefit pension plan assets $ 123,012      
Share equity investments in the domestic defined benefit pension plan assets (percentage) 10.30%      
Dividends received on the common stock $ 1,020      
Defined Benefit Pension | Domestic Defined Benefit Pension Plans | Minimum        
Defined contribution pension plans        
Contributions by company (percentage) 2.00%      
Defined Benefit Pension | Domestic Defined Benefit Pension Plans | Maximum        
Defined contribution pension plans        
Contributions by company (percentage) 7.00%      
Defined Benefit Pension | Foreign Defined Benefit Pension Plans        
Defined contribution pension plans        
Contributions by company $ 10,480 6,676 5,888  
Defined benefit pension plans        
Number of defined benefit plans | pension_plan 31      
Projected benefit obligation $ 349,597 206,873 201,854 234,524
Fair value of plan assets 280,004 165,008 162,339 187,645
Excess (deficient) plan assets over projected benefit obligations (69,593) (41,865) (39,515)  
Accumulated benefit obligation 308,164 172,047 172,426  
Expected defined benefit payments        
Estimated future employer contributions $ 6,131      
Defined Benefit Pension | Foreign Defined Benefit Pension Plans | Valspar        
Defined benefit pension plans        
Number of defined benefit plans | pension_plan 12      
Defined Benefit Pension | Overfunded Plan | Domestic Defined Benefit Pension Plans        
Defined benefit pension plans        
Projected benefit obligation $ 916,175 632,797 624,791  
Fair value of plan assets 1,188,638 847,013 858,605  
Excess (deficient) plan assets over projected benefit obligations 272,463 214,216 233,814  
Defined Benefit Pension | Unfunded Plan | Foreign Defined Benefit Pension Plans        
Defined benefit pension plans        
Projected benefit obligation 230,479      
Fair value of plan assets 136,674      
Excess (deficient) plan assets over projected benefit obligations $ (93,805)      
Number of foreign defined benefit pension plans unfunded or underfunded | pension_plan 26      
Accumulated benefit obligation $ 190,241      
Increase (decrease) in combined projected benefit obligations primarily due to changes in plan assumptions 142,725      
Postretirement Benefits Other than Pensions        
Defined benefit pension plans        
Projected benefit obligation 290,823 $ 265,137 $ 263,383 $ 295,149
Expected defined benefit payments        
Expected cash payments, 2018 17,192      
Expected cash payments, 2019 18,139      
Expected cash payments, 2020 19,058      
Expected cash payments, 2021 19,541      
Expected cash payments, 2022 19,816      
Expected cash payments, 2022-2026 98,270      
Amortization of actuarial losses 2,326      
Amortization of prior service cost (credit) $ (6,569)      
Number of retired employees entitled to receive postretirement benefits | employee 3,486 4,524 4,442  
Defined benefit plan ultimate health care cost trend rate and prescription drug cost increase rate (percentage) 4.50%      
Year in which health care cost trend rate and prescription drug cost rate reaches ultimate trend rate 2026