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Pension and Other Postretirement Benefits (Tables)
 12 Months Ended
Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets
Projected benefit obligations related to pension plans with benefit obligations in excess of plan assets follow:
 
 
2012
 
2011
 
 
U.S.
 
Non-U.S.
 
Total
 
U.S.
 
Non-U.S.
 
Total
Projected benefit obligation
 
$
396,695

 
$
72,769

 
$
469,464

 
$
354,287

 
$
62,831

 
$
417,118

Fair value of plan assets
 
294,040

 
63,842

 
357,882

 
256,518

 
55,933

 
312,451
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
Information related to pension plans with accumulated benefit obligations in excess of plan assets follows:
 
 
2012
 
2011
 
 
U.S.
 
Non-U.S.
 
Total
 
U.S.
 
Non-U.S.
 
Total
Projected benefit obligation
 
$
396,695

 
$
62,831

 
$
459,526

 
$
354,287

 
$
62,831

 
$
417,118

Accumulated benefit obligation
 
382,023

 
62,355

 
444,378

 
343,596

 
62,548

 
406,144

Fair value of plan assets
 
294,040

 
54,350

 
348,390

 
256,518

 
55,933

 
312,451
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
The sources of changes in accumulated other non-owner changes to equity, net, during 2012 were:
 
 
 
Pension
 
Other
Postretirement
Benefits
Prior service cost
 
$
(98
)
 
$
—

Net loss
 
(22,339
)
 
(373
)
Amortization of prior service costs (credits)
 
554

 
(984
)
Amortization of actuarial loss
 
8,241

 
671

Foreign exchange rate changes
 
(912
)
 
1

Acquisition
 
(502
)
 
—

 
 
$
(15,056
)
 
$
(685
)
Schedule of Assumptions Used, Benefit Obligation
Weighted-average assumptions used to determine benefit obligations at December 31, are:
 
 
2012
 
2011
U.S. plans:
 
 
 
 
Discount rate
 
4.25
%
 
5.05
%
Increase in compensation
 
3.71
%
 
3.71
%
Non-U.S. plans:
 
 
 
 
Discount rate
 
3.73
%
 
4.46
%
Increase in compensation
 
2.69
%
 
2.76
%
Schedule of Allocation of Plan Assets
The fair values of the Company’s pension plan assets at December 31, 2012 and 2011, by asset category are as follows:
 
 
 
 
 
Fair Value Measurements Using
Asset Category
 
Total
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
December 31, 2012
 
 
 
 
 
 
 
 
Cash and short-term investments
 
$
14,633

 
$
14,633

 
$
—

 
$
—

Equity securities:
 
 
 
 
 
 
 
 
U.S. large-cap
 
95,145

 
43,388

 
51,757

 
—

U.S. mid-cap
 
41,090

 
41,090

 
—

 
—

U.S. small-cap
 
42,558

 
42,558

 
—

 
—

International equities
 
77,111

 
—

 
77,111

 
—

Fixed income securities:
 
 
 
 
 
 
 
 
U.S. bond funds
 
66,276

 
—

 
66,276

 
—

International bonds
 
29,032

 
—

 
29,032

 
—

Real estate securities
 
20,174

 
—

 
20,174

 
—

Other
 
1,534

 
—

 
—

 
1,534

 
 
$
387,553

 
$
141,669

 
$
244,350

 
$
1,534

December 31, 2011
 
 
 
 
 
 
 
 
Cash and short-term investments
 
$
10,227

 
$
10,227

 
$
—

 
$
—

Equity securities:
 
 
 
 
 
 
 
 
U.S. large-cap
 
86,709

 
41,419

 
45,290

 
—

U.S. mid-cap
 
33,264

 
33,264

 
—

 
—

U.S. small-cap
 
36,079

 
36,079

 
—

 
—

International equities
 
69,163

 
—

 
69,163

 
—

Fixed income securities:
 
 
 
 
 
 
 
 
U.S. bond funds
 
61,974

 
—

 
61,974

 
—

International bonds
 
27,221

 
—

 
27,221

 
—

Real estate securities
 
15,432

 
—

 
15,432

 
—

Other
 
301

 
—

 
301

 
—

 
 
$
340,370

 
$
120,989

 
$
219,381

 
$
—
Schedule of Expected Benefit Payments
The following are the estimated future net benefit payments, which include future service, over the next 10 years:
 
 
 
Pensions
 
Other
Postretirement
Benefits
2013
 
$
28,180

 
$
5,075

2014
 
28,566

 
4,924

2015
 
29,177

 
4,820

2016
 
29,710

 
4,646

2017
 
30,671

 
4,417

Years 2018-2022
 
155,697

 
18,821

Total
 
$
302,001

 
$
42,703
Schedule of Net Benefit Costs
Pension and other postretirement benefit expenses consist of the following:
 
 
 
Pensions
 
Other
Postretirement Benefits
 
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
Service cost
 
$
6,530

 
$
5,923

 
$
6,155

 
$
273

 
$
286

 
$
357

Interest cost
 
21,624

 
22,452

 
22,943

 
2,532

 
2,831

 
3,182

Expected return on plan assets
 
(32,827
)
 
(32,041
)
 
(30,938
)
 
—

 
—

 
—

Amortization of prior service cost (credit)
 
845

 
1,124

 
937

 
(1,585
)
 
(1,541
)
 
(970
)
Recognized losses
 
12,048

 
5,725

 
2,495

 
1,082

 
806

 
421

Curtailment gain
 
—

 
(1,884
)
 
—

 
—

 
—

 
(950
)
Settlement loss
 
92

 
304

 
—

 
—

 
—

 
—

Net periodic benefit cost
 
$
8,312

 
$
1,603

 
$
1,592

 
$
2,302

 
$
2,382

 
$
2,040
Schedule of Assumptions Used, Net Benefit Expense
Weighted-average assumptions used to determine net benefit expense for years ended December 31, are:
 
 
 
2012
 
2011
 
2010
U.S. plans:
 
 
 
 
 
 
Discount rate
 
5.05
%
 
5.65
%
 
6.20
%
Long-term rate of return
 
9.00
%
 
9.00
%
 
9.00
%
Increase in compensation
 
3.71
%
 
3.71
%
 
3.71
%
Non-U.S. plans:
 
 
 
 
 
 
Discount rate
 
4.46
%
 
4.89
%
 
5.59
%
Long-term rate of return
 
5.79
%
 
5.87
%
 
6.01
%
Increase in compensation
 
2.76
%
 
2.72
%
 
2.71
%
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates
A one percentage point change in the assumed health care cost trend rate would have the following effects:
 
 
 
One Percentage
Point Increase
 
One Percentage
Point Decrease
Effect on postretirement benefit obligation
 
$
803

 
$
(715
)
Effect on postretirement benefit cost
 
36

 
(32
)
Schedule of Multiemployer Plans
 
 
Pension Protection Act Zone Status
 
Contributions by the Company
 
 
Pension Fund
EIN/Pension Plan Number
2012
2011
FIP/RP Status Pending/Implemented
2012
2011
2010
Surcharge Imposed
Expiration Date of Collective Bargaining Agreement
Teamsters Local 641 Pension Fund
22-6220288-001
Red as of March 1, 2011 for Plan year ended February 28, 2012
Red as of March 1, 2010 for Plan year ended February 28, 2011
Implemented (A)
$97
$101
$106
No Surcharge
January 31, 2014
Swedish Pension Plan (ITP2) (B)
 
 
 
 
409
292
280
 
 
 
 
 
Total Contributions
 
$506
$393
$386
 
 
 
 
 
 
 
 
 
 
 
 
(A) Plan information is publicly available for the Local 641 Pension Fund. The Form 5500 indicates that the Plan is currently underfunded. Future contributions have increased pursuant to the collective bargaining agreement (dated January 31, 2011 and expiring on January 31, 2014) and the updated Rehabilitation Plan for the Plan year ended February 28, 2012. Per the terms of the Rehabilitation Plan, required contributions will increase by approximately 4% (annually) through 2018.
(B) The Company also contributes to a Swedish pension plan that supplements the Swedish social insurance system. The pension plan guarantees employees a pension based on a percentage of their salary and also represents a multi-employer pension plan, however the pension plan was not significant in any year presented. This pension plan is not underfunded.
Defined benefit pension plans [Member]
  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Funded Status
The accompanying balance sheets reflect the underfunded status of the Company’s defined benefit pension plans at December 31, 2012 and 2011, respectively. Reconciliations of the obligations and underfunded status of the plans follow:
 
 
 
2012
 
2011
 
 
U.S.
 
Non-U.S.
 
Total
 
U.S.
 
Non-U.S.
 
Total
Benefit obligation, January 1
 
$
377,982

 
$
63,444

 
$
441,426

 
$
343,425

 
$
71,548

 
$
414,973

Service cost
 
5,860

 
670

 
6,530

 
4,794

 
1,129

 
5,923

Interest cost
 
18,800

 
2,824

 
21,624

 
18,906

 
3,546

 
22,452

Amendments
 
158

 
—

 
158

 
117

 
—

 
117

Actuarial loss
 
43,155

 
4,820

 
47,975

 
33,078

 
1,231

 
34,309

Benefits paid
 
(22,408
)
 
(3,740
)
 
(26,148
)
 
(22,338
)
 
(4,453
)
 
(26,791
)
Transfers in
 
—

 
2,588

 
2,588

 
—

 
951

 
951

Plan Curtailments
 
—

 
—

 
—

 
—

 
(2,106
)
 
(2,106
)
Plan Settlements
 
—

 
(769
)
 
(769
)
 
—

 
(7,757
)
 
(7,757
)
Participant contributions
 
—

 
469

 
469

 
—

 
598

 
598

Foreign exchange rate changes
 
—

 
2,463

 
2,463

 
—

 
(1,243
)
 
(1,243
)
Benefit obligation, December 31
 
423,547

 
72,769

 
496,316

 
377,982

 
63,444

 
441,426

Fair value of plan assets, January 1
 
283,538

 
56,832

 
340,370

 
298,910

 
58,983

 
357,893

Actual return on plan assets
 
42,755

 
4,158

 
46,913

 
(5,808
)
 
1,828

 
(3,980
)
Company contributions
 
19,826

 
2,591

 
22,417

 
12,774

 
4,706

 
17,480

Participant contributions
 
—

 
469

 
469

 
—

 
598

 
598

Benefits paid
 
(22,408
)
 
(3,740
)
 
(26,148
)
 
(22,338
)
 
(4,453
)
 
(26,791
)
Plan Settlements
 
—

 
(769
)
 
(769
)
 
—

 
(5,131
)
 
(5,131
)
Transfers in
 
—

 
2,086

 
2,086

 


 
951

 
951

Foreign exchange rate changes
 
—

 
2,215

 
2,215

 
—

 
(650
)
 
(650
)
Fair value of plan assets, December 31
 
323,711

 
63,842

 
387,553

 
283,538

 
56,832

 
340,370

Underfunded status, December 31
 
$
(99,836
)
 
$
(8,927
)
 
$
(108,763
)
 
$
(94,444
)
 
$
(6,612
)
 
$
(101,056
)
Schedule of Amounts Recognized in Balance Sheet
Amounts related to pensions recognized in the accompanying balance sheets consist of:
 
 
 
2012
 
2011
 
 
U.S.
 
Non-U.S.
 
Total
 
U.S.
 
Non-U.S.
 
Total
Other assets
 
$
2,819

 
$
—

 
$
2,819

 
$
3,325

 
$
286

 
$
3,611

Accrued liabilities
 
2,720

 
389

 
3,109

 
2,705

 
386

 
3,091

Accrued retirement benefits
 
99,935

 
8,538

 
108,473

 
95,064

 
6,512

 
101,576

Accumulated other non-owner changes to equity, net
 
(116,305
)
 
(23,803
)
 
(140,108
)
 
(104,960
)
 
(20,092
)
 
(125,052
)
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss)
Amounts related to pensions recognized in accumulated other non-owner changes to equity, net of tax, at December 31, 2012 and 2011, respectively, consist of:
 
 
2012
 
2011
 
 
U.S.
 
Non-U.S.
 
Total
 
U.S.
 
Non-U.S.
 
Total
Net actuarial loss
 
$
(114,748
)
 
$
(23,318
)
 
$
(138,066
)
 
$
(103,025
)
 
$
(19,543
)
 
$
(122,568
)
Prior service costs
 
(1,557
)
 
(485
)
 
(2,042
)
 
(1,935
)
 
(549
)
 
(2,484
)
 
 
$
(116,305
)
 
$
(23,803
)
 
$
(140,108
)
 
$
(104,960
)
 
$
(20,092
)
 
$
(125,052
)
Other postretirement benefit plans [Member]
  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Funded Status
The accompanying balance sheets reflect the underfunded status of the Company’s other postretirement benefit plans at December 31, 2012 and 2011. Reconciliations of the obligations and underfunded status of the plans follow:
 
 
 
2012
 
2011
Benefit obligation, January 1
 
$
54,587

 
$
55,188

Service cost
 
273

 
286

Interest cost
 
2,532

 
2,831

Amendments
 
—

 
(2,376
)
Actuarial loss
 
745

 
5,728

Benefits paid
 
(6,922
)
 
(9,734
)
Curtailment gain
 
—

 
—

Participant contributions
 
2,782

 
2,679

Foreign exchange rate changes
 
(9
)
 
(15
)
Benefit obligation, December 31
 
53,988

 
54,587

Fair value of plan assets, January 1
 
—

 
—

Company contributions
 
4,140

 
7,055

Participant contributions
 
2,782

 
2,679

Benefits paid
 
(6,922
)
 
(9,734
)
Fair value of plan assets, December 31
 
—

 
—

Underfunded status, December 31
 
$
53,988

 
$
54,587
Schedule of Amounts Recognized in Balance Sheet
Amounts related to other postretirement benefits recognized in the accompanying balance sheets consist of:
 
 
 
2012
 
2011
Accrued liabilities
 
$
5,075

 
$
5,314

Accrued retirement benefits
 
48,913

 
49,273

Accumulated other non-owner changes to equity, net
 
(6,286
)
 
(5,601
)
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss)
Amounts related to other postretirement benefits recognized in accumulated other non-owner changes to equity, net of tax, at December 31, 2012 and 2011 consist of:
 
 
 
2012
 
2011
Net actuarial loss
 
$
(9,895
)
 
$
(10,194
)
Prior service credits
 
3,609

 
4,593

 
 
$
(6,286
)
 
$
(5,601
)