XML 81 R67.htm IDEA: XBRL DOCUMENT v3.6.0.2
Retirement Benefit Plans - Benefit Obligation and Plan Assets (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Change in plan assets:      
Funded status of plan $ (170.7) $ (166.6)  
Amounts recognized in Balance Sheet [Abstract]      
Non-current liabilities (294.1) (312.9)  
NSK Warner [Member]      
Amounts recognized in accumulated other comprehensive Income Loss) [Abstract]      
Net amount [1] 10.8 7.1  
U.S. Plans:      
Change in benefit obligation [Roll Forward]      
Projected benefit obligation, January 1 300.7 306.2  
Interest cost 9.6 11.2 $ 12.1
Settlement and curtailment   (48.1)  
Actuarial (gain) loss (5.7) (12.1)  
Acquisition   68.1  
Divestiture 0.0    
Benefits paid and other (22.1) (24.6)  
Projected benefit obligation, December 31 282.5 300.7 306.2
Change in plan assets:      
Fair value of plan assets, January 1 235.8 265.6  
Actual return on plan assets 12.7 (0.6)  
Employer contribution 2.7    
Defined Benefit Plan, Settlements, Plan Assets   (48.1)  
Divestiture 0.0    
Acquisition   43.5  
Benefits paid (21.7) (24.6)  
Fair value of plan assets, December 31 229.5 235.8 265.6
Funded status of plan (53.0) (64.9)  
Amounts recognized in Balance Sheet [Abstract]      
Non-current assets 0.0 0.0  
Current liabilities (0.1) (0.3)  
Non-current liabilities (52.9) (64.6)  
Net amount (53.0) (64.9)  
Amounts recognized in accumulated other comprehensive Income Loss) [Abstract]      
Net actuarial loss 116.9 125.4  
Net prior service (credit) cost (7.4) (8.2)  
Net amount [1] 109.5 117.2  
Defined Benefit Plan, Accumulated Benefit Obligation 282.5 300.7  
Non-U.S. Plans:      
Change in benefit obligation [Roll Forward]      
Projected benefit obligation, January 1 508.5 527.8  
Service cost 16.2 14.9 12.8
Interest cost 12.5 14.1 18.1
Plan participants’ contributions 0.4 0.3  
Plan amendments 0.2    
Settlement and curtailment (1.3) (4.7)  
Actuarial (gain) loss 70.2 (9.0)  
Currency translation (45.3) (42.9)  
Acquisition   23.9  
Divestiture (12.8)    
Benefits paid and other (20.4) (15.9)  
Projected benefit obligation, December 31 528.2 508.5 527.8
Change in plan assets:      
Fair value of plan assets, January 1 395.1 395.6  
Actual return on plan assets 54.0 10.3  
Employer contribution 17.0 19.3  
Plan participants’ contributions 0.4 0.3  
Defined Benefit Plan, Settlements, Plan Assets (1.3) (2.5)  
Currency translation (40.8) (30.8)  
Divestiture (10.2)    
Acquisition   18.8  
Benefits paid (20.4) (15.9)  
Fair value of plan assets, December 31 393.8 395.1 395.6
Funded status of plan (134.4) (113.4)  
Amounts recognized in Balance Sheet [Abstract]      
Non-current assets 4.9 9.4  
Current liabilities (3.5) (3.0)  
Non-current liabilities (135.8) (119.8)  
Net amount (134.4) (113.4)  
Amounts recognized in accumulated other comprehensive Income Loss) [Abstract]      
Net actuarial loss 163.7 144.2  
Net prior service (credit) cost 0.8 0.7  
Net amount [1] 164.5 144.9  
Defined Benefit Plan, Accumulated Benefit Obligation 505.5 486.2  
U.S. other postretirement benefit plans [Member]      
Change in benefit obligation [Roll Forward]      
Projected benefit obligation, January 1 145.3 169.7  
Service cost 0.2 0.2 0.3
Interest cost 4.0 5.7 6.7
Actuarial (gain) loss (14.4) (16.8)  
Acquisition 0.0 1.7  
Benefits paid and other (15.2) (15.2)  
Projected benefit obligation, December 31 119.9 145.3 $ 169.7
Change in plan assets:      
Funded status of plan (119.9) (145.3)  
Amounts recognized in Balance Sheet [Abstract]      
Non-current assets 0.0 0.0  
Current liabilities (14.5) (16.8)  
Non-current liabilities (105.4) (128.5)  
Net amount (119.9) (145.3)  
Amounts recognized in accumulated other comprehensive Income Loss) [Abstract]      
Net actuarial loss 19.9 36.5  
Net prior service (credit) cost (19.2) (24.0)  
Net amount [1] $ 0.7 $ 12.5  
[1] AOCI shown above does not include our equity investee, NSK-Warner. NSK-Warner had an AOCI loss of $10.8 million and $7.1 million at December 31, 2016 and 2015, respectively.