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PENSION AND POSTRETIREMENT PLANS Pension and Postretirement Plans (Tables)
12 Months Ended
Dec. 31, 2016
Postemployment Benefits [Abstract]  
Assumed Benefit Payments By Year [Text Block]
The following assumed benefit payments under the Company's post-retirement benefit plan, which reflect expected future service, as appropriate, and were used in the calculation of projected benefit obligations, are expected to be paid as follows:
2017
$
1.0

2018
0.9

2019
0.8

2020
0.7

2021
0.6

Years 2022 and thereafter
2.2

Defined Benefit Plan Fair Value Of Plan Assets By Category [Table Text Block]
The weighted average expected long-term rate of return for the Company Plan’s assets is as follows:
 
Target
Allocation
 
Weighted Average
Expected Long-Term
Rate of Return
Equity securities
50.0
%
 
5.15
%
Fixed income securities
43.0
%
 
1.3
%
Other assets
7.0
%
 
0.3
%

The fair values of the Company Plan’s assets at December 31, 2016 and 2015, by asset category are as follows:
 
 
 
Fair Value Measurements as of
 
 
 
December 31, 2016
 
Fair Value as of December 31, 2016
 
Using Fair Value Hierarchy
Asset Category
 
Level 1
 
Level 2
 
Level 3
Cash
$
6.8

 
$
6.8

 
$

 
$

Equity securities:
 

 
 

 
 

 
 

U.S. large cap - blend (a)
55.3

 

 
55.3

 

U.S. mid cap - blend (b)
21.2

 

 
21.2

 

U.S. small cap - blend (c)
7.4

 

 
7.4

 

International equity - blend (d)
36.1

 

 
36.1

 

Commodities index (e)
12.9

 

 
12.9

 

Fixed income securities:
 

 
 

 
 

 
 

U.S. fixed income (f)
101.8

 

 
101.8

 

U.S inflation protection income (g)
6.0

 

 
6.0

 

Total fair value of the Company Plan’s assets
$
247.5

 
$
6.8

 
$
240.7

 
$

 
 
 
Fair Value Measurements as of
 
 
 
December 31, 2015
 
Fair Value as of December 31, 2015
 
Using Fair Value Hierarchy
Asset Category
 
Level 1
 
Level 2
 
Level 3
Cash
$
6.1

 
$
6.1

 
$

 
$

Equity securities:
 

 
 

 
 

 
 

U.S. large cap - blend (a)
55.1

 

 
55.1

 

U.S. mid cap - blend (b)
21.0

 

 
21.0

 

U.S. small cap - blend (c)
7.1

 

 
7.1

 

International equity - blend (d)
35.7

 

 
35.7

 

Commodities index (e)
11.8

 

 
11.8

 

Fixed income securities:
 

 
 

 
 

 
 

U.S. fixed income (f)
102.8

 

 
102.8

 

U.S inflation protection income (g)
6.2

 

 
6.2

 

Total fair value of the Company Plan’s assets
$
245.8

 
$
6.1

 
$
239.7

 
$

a)
This category represents an equity index fund not actively managed that tracks the S&P 500 Index.
b)
This category represents an equity index fund not actively managed that tracks the S&P mid-cap 400 Index.
c)
This category represents an equity index fund not actively managed that tracks the Russell 2000 Index.
d)
This category represents an equity index fund not actively managed that tracks the MSCI ACWI ex USA Index.
e)
This category represents a commodities index fund not actively managed that tracks the Dow Jones - UBS Commodity Index.
f)
This category primarily represents bond index funds not actively managed that track the Barclays Capital U.S. Aggregate Index as well as an actively managed strategy which utilizes the Barclays Capital U.S. Aggregate Bond Index as its primary prospectus benchmark.
g)
This category primarily represents a bond index fund not actively managed that tracks the Barclays Capital U.S. TIPS Index.
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
A summary of the changes in the fair value of plan assets follows:
 
2016
 
2015
Fair value of plan assets at beginning of year
$
250.6

 
$
269.1

Actual return on plan assets
13.6

 
(0.3
)
Employer contributions
12.4

 
10.9

Benefits and administrative expenses paid
(29.1
)
 
(29.1
)
Fair value of plan assets at end of year
$
247.5

 
$
250.6

Schedule of Defined Benefit Plans Disclosures [Table Text Block]
A summary of the changes in the projected benefit obligations of the Company Plan and the PEP are summarized as follows:
 
2016
 
2015
Balance at January 1
$
363.1

 
$
388.6

Service cost
4.9

 
3.9

Interest cost
15.5

 
15.1

Actuarial loss (gain)
12.1

 
(15.4
)
Benefits and administrative expenses paid
(29.1
)
 
(29.1
)
Balance at December 31
$
366.5

 
$
363.1

The effect on operations for both the Company Plan and the PEP are summarized as follows:
 
Year ended December 31,
 
2016
 
2015
 
2014
Service cost for benefits earned
$
4.9

 
$
3.9

 
$
3.4

Interest cost on benefit obligation
15.5

 
15.1

 
16.4

Expected return on plan assets
(16.7
)
 
(18.3
)
 
(18.3
)
Net amortization and deferral
11.2

 
11.3

 
6.6

Defined benefit plan costs
$
14.9

 
$
12.0

 
$
8.1

 
Year ended December 31,
 
2016
 
2015
 
2014
Service cost for benefits earned
$

 
$
0.1

 
$
0.2

Interest cost on benefit obligation
0.3

 
1.0

 
1.8

Net amortization and deferral
(15.9
)
 
(10.4
)
 
(7.9
)
Post-retirement medical plan costs
$
(15.6
)
 
$
(9.3
)
 
$
(5.9
)
A summary of the changes in the accumulated post-retirement benefit obligation follows:
 
2016
 
2015
Balance at January 1
$
21.4

 
$
28.9

Service cost for benefits earned

 
0.1

Interest cost on benefit obligation
0.3

 
1.0

Actuarial loss
(0.2
)
 
(3.5
)
Benefits paid
(1.3
)
 
(1.8
)
Plan amendment
(13.4
)
 
(3.3
)
Balance at December 31
$
6.8

 
$
21.4

 
 
 
 
Recorded as:
 
 
 
   Accrued expenses and other
$
1.0

 
$
1.8

   Other liabilities
5.8

 
19.6

 
$
6.8

 
$
21.4

Schedule of Net Funded Status [Table Text Block]
he net funded status of the Company Plan and the PEP at December 31:
 
2016
 
2015
Funded status
$
119.0

 
$
112.5

 
 
 
 
Recorded as:
 
 
 
Accrued expenses and other
$
2.0

 
$
1.9

Other liabilities
117.0

 
110.6

 
$
119.0

 
$
112.5

Schedule of Assumptions Used [Table Text Block]
Weighted average assumptions used in the accounting for the Company Plan and the PEP are summarized as follows:
 
2016
 
2015
 
2014
Discount rate
4.2
%
 
4.0
%
 
4.8
%
Expected long term rate of return
6.75
%
 
7.0
%
 
7.0
%
Schedule of Expected Benefit Payments [Table Text Block]
 
 
U.K. Plans
 
German Plan
2017
 
$
4.1

 
$
0.2

2018
 
4.1

 
0.2

2019
 
4.8

 
0.3

2020
 
5.1

 
0.5

2021
 
5.4

 
0.5

Years 2021-2026
 
37.5

 
3.0

The following assumed benefit payments under the Company Plan and PEP, which were used in the calculation of projected benefit obligations, are expected to be paid as follows:
2017
$
26.4

2018
25.6

2019
25.4

2020
24.8

2021
24.6

Years 2022 and thereafter
122.8

2017
$
0.1

2018
0.1

2019
0.1

2020
0.1

2021
0.1

2022 and thereafter
0.2