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Pension and Other Postretirement Benefits (Tables)
12 Months Ended
Dec. 31, 2016
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:
 
 
2016
 
2015
 
 
U.S.
 
Non-U.S.
 
Total
 
U.S.
 
Non-U.S.
 
Total
Projected benefit obligation
 
$
389,613

 
$
61,060

 
$
450,673

 
$
271,459

 
$
31,613

 
$
303,072

Fair value of plan assets
 
331,260

 
39,356

 
370,616

 
204,270

 
20,199

 
224,469

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:
 
 
2016
 
2015
 
 
U.S.
 
Non-U.S.
 
Total
 
U.S.
 
Non-U.S.
 
Total
Projected benefit obligation
 
$
389,613

 
$
61,014

 
$
450,627

 
$
271,459

 
$
30,560

 
$
302,019

Accumulated benefit obligation
 
378,431

 
59,568

 
437,999

 
262,172

 
26,998

 
289,170

Fair value of plan assets
 
331,260

 
39,356

 
370,616

 
204,270

 
19,256

 
223,526

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
The sources of changes in accumulated other non-owner changes to equity, net, during 2016 were: 
 
 
Pension
 
Other
Postretirement
Benefits
Prior service cost
 
$
(1,334
)
 
$

Net (loss) gain
 
(18,378
)
 
2,194

Amortization of prior service costs (credits)
 
142

 
(234
)
Amortization of actuarial loss
 
7,030

 
332

Foreign exchange rate changes
 
1,378

 
3

 
 
$
(11,162
)
 
$
2,295

Schedule of Assumptions Used, Benefit Obligation
Weighted-average assumptions used to determine benefit obligations at December 31, are:
 
 
2016
 
2015
U.S. plans:
 
 
 
 
Discount rate
 
4.50
%
 
4.65
%
Increase in compensation
 
2.56
%
 
3.71
%
Non-U.S. plans:
 
 
 
 
Discount rate
 
1.60
%
 
2.80
%
Increase in compensation
 
2.29
%
 
2.71
%
Schedule of Allocation of Plan Assets
The fair values of the Company’s pension plan assets at December 31, 2016 and 2015, 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, 2016
 
 
 
 
 
 
 
 
Cash and short-term investments
 
$
3,207

 
$
3,207

 
$

 
$

Equity securities:
 
 
 
 
 
 
 
 
U.S. large-cap
 
39,162

 

 
39,162

 

U.S. mid-cap
 
12,724

 
12,724

 

 

U.S. small-cap
 
19,551

 
19,551

 

 

International equities
 
135,514

 

 
135,514

 

Global equity
 
47,445

 
47,445

 

 

Fixed income securities:
 
 
 
 
 
 
 
 
U.S. bond funds
 
103,399

 

 
103,399

 

International bonds
 
53,783

 

 
53,783

 

Other
 
2,127

 

 

 
2,127

 
 
$
416,912

 
$
82,927

 
$
331,858

 
$
2,127

December 31, 2015
 
 
 
 
 
 
 
 
Cash and short-term investments
 
18,795

 
18,795

 

 

Equity securities:
 
 
 
 
 
 
 
 
U.S. large-cap
 
67,274

 
28,190

 
39,084

 

U.S. mid-cap
 
38,790

 
38,790

 

 

U.S. small-cap
 
38,248

 
38,248

 

 

International equities
 
91,563

 

 
91,563

 

Global equity
 
17,928

 
17,928

 
 
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
U.S. bond funds
 
84,645

 

 
84,645

 

International bonds
 
36,282

 

 
36,282

 

Other
 
1,857

 

 

 
1,857

 
 
$
395,382

 
$
141,951

 
$
251,574

 
$
1,857

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
2017
 
$
28,703

 
$
3,983

2018
 
28,577

 
3,352

2019
 
28,878

 
3,176

2020
 
28,810

 
3,294

2021
 
28,994

 
3,095

Years 2022-2026
 
144,566

 
12,906

Total
 
$
288,528

 
$
29,806

Schedule of Net Benefit Costs
Pension and other postretirement benefit expenses consist of the following:
 
 
 
Pensions
 
Other
Postretirement Benefits
 
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Service cost
 
$
5,395

 
$
5,508

 
$
4,546

 
$
122

 
$
145

 
$
139

Interest cost
 
19,494

 
20,019

 
22,026

 
1,766

 
1,836

 
2,179

Expected return on plan assets
 
(30,302
)
 
(32,404
)
 
(34,232
)
 

 

 

Amortization of prior service cost (credit)
 
210

 
305

 
648

 
(373
)
 
(564
)
 
(871
)
Recognized losses
 
10,791

 
15,004

 
8,617

 
535

 
1,011

 
1,017

Curtailment loss (gain)
 

 

 
219

 

 

 
4

Settlement loss
 

 
9,939

 
871

 

 

 

Special termination benefits
 

 

 
715

 

 

 

Net periodic benefit cost
 
$
5,588

 
$
18,371

 
$
3,410

 
$
2,050

 
$
2,428

 
$
2,468

Schedule of Assumptions Used, Net Benefit Expense
Weighted-average assumptions used to determine net benefit expense for years ended December 31, are:
 
 
 
2016
 
2015
 
2014
U.S. plans:
 
 
 
 
 
 
Discount rate
 
4.65
%
 
4.25
%
 
5.20
%
Long-term rate of return
 
8.25
%
 
8.25
%
 
9.00
%
Increase in compensation
 
3.71
%
 
3.71
%
 
3.72
%
Non-U.S. plans:
 
 
 
 
 
 
Discount rate
 
2.80
%
 
2.74
%
 
3.93
%
Long-term rate of return
 
4.73
%
 
5.00
%
 
5.07
%
Increase in compensation
 
2.71
%
 
2.72
%
 
2.76
%
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
 
$
319

 
$
(295
)
Effect on postretirement benefit cost
 
14

 
(13
)
Schedule of Multiemployer Plans
Contributions related to the individually insignificant multi-employer plans, as disclosure is required pursuant to the applicable accounting standards, are as follows:
 
Contributions by the Company
Pension Fund:
2016
 
2015
 
2014
Swedish Pension Plan (ITP2)
673

 
$
343

 
$
379

Total Contributions
$
673

 
$
343

 
$
379

Defined benefit pension plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Funded Status
The accompanying balance sheets reflect the funded status of the Company’s defined benefit pension plans at December 31, 2016 and 2015, respectively. Reconciliations of the obligations and funded status of the plans follow:
 
 
 
2016
 
2015
 
 
U.S.
 
Non-U.S.
 
Total
 
U.S.
 
Non-U.S.
 
Total
Benefit obligation, January 1
 
$
385,629

 
$
75,406

 
$
461,035

 
$
433,079

 
$
80,305

 
$
513,384

Service cost
 
3,892

 
1,503

 
5,395

 
4,160

 
1,348

 
5,508

Interest cost
 
17,523

 
1,971

 
19,494

 
17,967

 
2,052

 
20,019

Amendments
 
2,405

 
(174
)
 
2,231

 

 
(463
)
 
(463
)
Actuarial loss (gain)
 
6,661

 
10,814

 
17,475

 
(16,622
)
 
(2,288
)
 
(18,910
)
Benefits paid
 
(26,497
)
 
(4,691
)
 
(31,188
)
 
(52,490
)
 
(4,244
)
 
(56,734
)
Transfers in
 

 
25,968

 
25,968

 

 
3,951

 
3,951

Plan curtailments
 

 

 

 
(465
)
 

 
(465
)
Plan settlements
 

 

 

 

 
(375
)
 
(375
)
Participant contributions
 

 
1,444

 
1,444

 

 
368

 
368

Foreign exchange rate changes
 

 
(7,902
)
 
(7,902
)
 

 
(5,248
)
 
(5,248
)
Benefit obligation, December 31
 
389,613

 
104,339

 
493,952

 
385,629

 
75,406

 
461,035

Fair value of plan assets, January 1
 
326,829

 
68,553

 
395,382

 
380,937

 
71,750

 
452,687

Actual return on plan assets
 
13,051

 
7,276

 
20,327

 
(5,045
)
 
1,264

 
(3,781
)
Company contributions
 
17,877

 
2,224

 
20,101

 
3,427

 
1,100

 
4,527

Participant contributions
 

 
1,444

 
1,444

 

 
368

 
368

Benefits paid
 
(26,497
)
 
(4,691
)
 
(31,188
)
 
(52,490
)
 
(4,244
)
 
(56,734
)
Plan settlements
 

 

 

 

 
(376
)
 
(376
)
Transfers in
 

 
18,320

 
18,320

 

 
3,434

 
3,434

Foreign exchange rate changes
 

 
(7,474
)
 
(7,474
)
 

 
(4,743
)
 
(4,743
)
Fair value of plan assets, December 31
 
331,260

 
85,652

 
416,912

 
326,829

 
68,553

 
395,382

Underfunded status, December 31
 
$
(58,353
)
 
$
(18,687
)
 
$
(77,040
)
 
$
(58,800
)
 
$
(6,853
)
 
$
(65,653
)
Schedule of Amounts Recognized in Balance Sheet
Amounts related to pensions recognized in the accompanying balance sheets consist of:
 
 
2016
 
2015
 
 
U.S.
 
Non-U.S.
 
Total
 
U.S.
 
Non-U.S.
 
Total
Other assets
 
$

 
$
3,017

 
$
3,017

 
$
8,389

 
$
4,561

 
$
12,950

Accrued liabilities
 
2,813

 
367

 
3,180

 
2,806

 
379

 
3,185

Accrued retirement benefits
 
55,540

 
21,337

 
76,877

 
64,383

 
11,035

 
75,418

Accumulated other non-owner changes to equity, net
 
(91,530
)
 
(19,458
)
 
(110,988
)
 
(83,014
)
 
(16,812
)
 
(99,826
)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
Amounts related to pensions recognized in accumulated other non-owner changes to equity, net of tax, at December 31, 2016 and 2015, respectively, consist of:
 
 
2016
 
2015
 
 
U.S.
 
Non-U.S.
 
Total
 
U.S.
 
Non-U.S.
 
Total
Net actuarial loss
 
$
(89,772
)
 
$
(19,822
)
 
$
(109,594
)
 
$
(82,643
)
 
$
(16,999
)
 
$
(99,642
)
Prior service costs
 
(1,758
)
 
364

 
(1,394
)
 
(371
)
 
187

 
(184
)
 
 
$
(91,530
)
 
$
(19,458
)
 
$
(110,988
)
 
$
(83,014
)
 
$
(16,812
)
 
$
(99,826
)
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, 2016 and 2015. Reconciliations of the obligations and underfunded status of the plans follow:
 
 
 
2016
 
2015
Benefit obligation, January 1
 
$
41,706

 
$
46,814

Service cost
 
122

 
145

Interest cost
 
1,766

 
1,836

Actuarial gain
 
(3,495
)
 
(2,521
)
Benefits paid
 
(5,621
)
 
(6,970
)
Participant contributions
 
2,281

 
2,486

Foreign exchange rate changes
 
94

 
(84
)
Benefit obligation, December 31
 
36,853

 
41,706

Fair value of plan assets, January 1
 

 

Company contributions
 
3,340

 
4,484

Participant contributions
 
2,281

 
2,486

Benefits paid
 
(5,621
)
 
(6,970
)
Fair value of plan assets, December 31
 

 

Underfunded status, December 31
 
$
36,853

 
$
41,706

Schedule of Amounts Recognized in Balance Sheet
Amounts related to other postretirement benefits recognized in the accompanying balance sheets consist of:
 
 
 
2016
 
2015
Accrued liabilities
 
$
5,081

 
$
5,259

Accrued retirement benefits
 
31,772

 
36,447

Accumulated other non-owner changes to equity, net
 
(3,582
)
 
(5,877
)
Schedule of Amounts Recognized in 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, 2016 and 2015 consist of:
 
 
 
2016
 
2015
Net actuarial loss
 
$
(3,532
)
 
$
(6,061
)
Prior service credits
 
(50
)
 
184

 
 
$
(3,582
)
 
$
(5,877
)