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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2014
General Discussion of Pension and Other Postretirement Benefits [Abstract]  
Schedule of plan obligations and funded status
The following table sets forth the plans' obligations and funded status at December 31:
 
Pension Benefits 
 
Other Benefits 
 
2014
 
2013
 
2014
 
2013
 
(Dollars in millions)
Change in benefit obligation:
 
 
 
 
 
 
 
Benefit obligation, beginning of year
$
40.4

 
$
43.4

 
$
24.1

 
$
26.9

Service cost
1.1

 
1.2

 
0.3

 
0.4

Interest cost
1.8

 
1.6

 
1.1

 
1.0

Change in plan provisions

 

 

 
(0.6
)
Benefits paid
(1.2
)
 
(1.2
)
 
(1.1
)
 
(0.9
)
Actuarial (gain) loss
7.6

 
(4.6
)
 
4.4

 
(2.7
)
Benefit obligation, end of year
$
49.7

 
$
40.4

 
$
28.8

 
$
24.1

Change in fair value of plan assets:
 
 
 
 
 
 
 
Plan assets, beginning of year
$

 
$

 
$

 
$

Employer contribution
1.2

 
1.2

 
1.1

 
0.9

Benefits paid
(1.2
)
 
(1.2
)
 
(1.1
)
 
(0.9
)
Plan assets, end of year
$

 
$

 
$

 
$

Underfunded status, end of year
$
(49.7
)
 
$
(40.4
)
 
$
(28.8
)
 
$
(24.1
)
Schedule of amounts recognized in Balance Sheet
Amounts recognized in our consolidated balance sheet as of December 31 consist of:
 
Pension Benefits 
 
Other Benefits 
 
2014
 
2013
 
2014
 
2013
 
(Dollars in millions)
Noncurrent assets
$

 
$

 
$

 
$

Current liabilities
(1.7
)
 
(1.7
)
 
(0.9
)
 
(1.1
)
Noncurrent liabilities
(48.0
)
 
(38.7
)
 
(27.9
)
 
(23.0
)
Net amount recognized
$
(49.7
)
 
$
(40.4
)
 
$
(28.8
)
 
$
(24.1
)
Schedule of amounts recognized in accumulated other comprehensive income
Amounts recognized in accumulated other comprehensive income as of December 31 consist of:
 
Pension Benefits 
 
Other Benefits 
 
2014
 
2013
 
2014
 
2013
 
(Dollars in millions)
Prior service cost
$

 
$

 
$
0.1

 
$
0.3

Net loss (gain)
5.3

 
0.7

 
6.1

 
3.6

 
$
5.3

 
$
0.7

 
$
6.2

 
$
3.9

Schedule of accumulated benefit obligations in excess of fair value of plan assets
The following table sets forth our plans with an accumulated benefit obligation in excess of plan assets at December 31:
 
Pension Benefits 
 
Other Benefits 
 
2014
 
2013
 
2014
 
2013
 
(Dollars in millions)
Projected benefit obligation
$
49.7

 
$
40.4

 
$
28.8

 
$
24.1

Accumulated benefit obligation
46.1

 
37.1

 
28.8

 
24.1

Fair value of plan assets

 

 

 

Schedule of net benefit costs
Components of net periodic benefit cost recognized in our consolidated statements of operations as general and administrative expense for years ended December 31:
 
Pension Benefits 
 
Other Benefits 
 
2014
 
2013
 
2012
 
2014
 
2013
 
2012
 
(Dollars in millions)
Service cost
$
1.1

 
$
1.2

 
$
1.7

 
$
0.3

 
$
0.4

 
$
0.4

Interest cost
1.8

 
1.6

 
1.8

 
1.1

 
1.0

 
1.1

Amortization of prior service cost

 

 

 
0.4

 
0.1

 
0.1

Amortization of net loss (gain)

 
0.5

 
1.2

 
0.2

 
1.9

 
2.9

Net periodic benefit cost
$
2.9

 
$
3.3

 
$
4.7

 
$
2.0

 
$
3.4

 
$
4.5

Schedule of assumptions used
Additional Information
 
Pension Benefits 
 
Other Benefits 
 
2014
 
2013
 
2014
 
2013
Assumptions
 
 
 
 
 
 
 
Weighted average assumptions used to determine benefit obligations at December 31:
 
 
 
 
 
 
 
Discount rate
3.7
%
 
4.5
%
 
3.9
%
 
4.8
%
Rate of compensation increase
6.0
%
 
6.0
%
 
3.5
%
 
3.5
%

 
Pension Benefits 
 
Other Benefits 
 
2014
 
2013
 
2012
 
2014
 
2013
 
2012
Weighted average assumptions used to determine net cost for years ended December 31:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.5
%
 
3.7
%
 
4.4
%
 
4.8
%
 
4.0
%
 
4.5
%
Rate of compensation increase
6.0
%
 
6.0
%
 
5.9
%
 
3.5
%
 
3.5
%
 
3.5
%
Schedule of assumed health care cost trend rates
 
2014
 
2013
Assumed Health Care Cost Trend Rates at December 31:
 
 
 
 
 
 
 
Health care cost trend rates assumed for next year
6.5
%
to
12.8
%
 
7.3
%
to
16.3
%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
5%
 
5%
Years that the rate reaches the ultimate trend rate
2024

to
2024

 
2022

to
2023

Schedule of effect of a one-percent-point change in assumed health care cost trend rates
Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plans. A one-percentage-point change in assumed health care cost trend rates would have the following effects for the year ended December 31, 2014:
 
1-Percentage
Point
Increase
 
1-Percentage
Point
Decrease
 
(Dollars in millions)
Effect on total of service and interest cost
$
0.2

 
$
(0.2
)
Effect on postretirement benefit obligation
$
4.7

 
$
(3.8
)
Schedule of estimated future benefit payments
We estimate that benefit payments related to our pension and postretirement health and life plans over the next ten years will be as follows:
 
Pension
Benefits
 
Other
Benefits
 
(Dollars in millions)
2015
$
1.7

 
$
0.9

2016
2.9

 
1.0

2017
2.9

 
1.0

2018
2.8

 
1.1

2019
2.8

 
1.1

Years 2019—2024
16.7

 
6.7