Pensions and Other Postretirement Benefits (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Change in fair value of plan assets [Abstract] | | | | | | |
Company contributions | $68.30 | | $68 | | | |
Amount recognized in the consolidated balance sheets [Abstract] | | | | | | |
Actuarial Loss from the Adoption of 2014 Mortality Table | 95 | | | | | |
Other changes in plan assets and benefit obligations for continuing operations recognized in other comprehensive loss (income) [Abstract] | | | | | | |
Total recognized in other comprehensive (income) loss, after taxes | 151 | | -209.9 | | 26.9 | |
Defined contribution plan [Abstract] | | | | | | |
Employer matching contribution percentage | 80.00% | | | | | |
Maximum percentage of employee's compensation eligible for employer matching contributions | 5.00% | | | | | |
Additional employer annual contribution percentage | 5.00% | | | | | |
Charges for defined contribution plans | 11.4 | | 11.8 | | 10.2 | |
Pension Plan [Member] | | | | | | |
Following are the weighted average assumptions used to determine the benefit obligations [Abstract] | | | | | | |
Discount Rate | 4.15% | | 4.95% | | | |
Rate of compensation increase | 3.60% | | 3.40% | | | |
Plans with unfunded accumulated benefit obligation | 1,495 | | 1,255.30 | | | |
Change in projected benefit obligation [Abstract] | | | | | | |
Projected benefit obligation at January 1 | 1,315.20 | | 1,428.10 | | | |
Service cost | 17.3 | | 22 | | 20.2 | |
Interest cost | 62.3 | | 57.7 | | 61.3 | |
Actuarial loss (gain) | 261.3 | [1] | -103.6 | [1] | | |
Amendments | 3.3 | | 0.7 | | | |
Foreign currency exchange rate changes | -12 | | 0.6 | | | |
Plan participants’ contributions | 0 | | 0 | | | |
Settlements | -8.5 | | -16.1 | | | |
Curtailments | 0 | | 0 | | | |
Benefits paid | -69.9 | | -74.2 | | | |
Projected benefit obligation at December 31 | 1,569 | | 1,315.20 | | 1,428.10 | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at January 1 | 1,285.40 | | 1,060.20 | | | |
Actual return on plan assets | 83.2 | | 250.9 | | | |
Foreign currency exchange rate changes | -11.1 | | 0.7 | | | |
Company contributions | 65.8 | | 63.9 | | | |
Plan participants’ contributions | 0 | | 0 | | | |
Settlements | -8.5 | | -16.1 | | | |
Benefits paid | -69.9 | | -74.2 | | | |
Fair value of plan assets at December 31 | 1,344.90 | | 1,285.40 | | 1,060.20 | |
Funded status of the plan (liability) | -224.1 | | -29.8 | | | |
Amount recognized in the consolidated balance sheets [Abstract] | | | | | | |
Pension other asset | 0.7 | [2] | 17.2 | [2] | | |
Accrued benefit liability | -224.8 | [3] | -47 | [3] | | |
Total | -224.1 | | -29.8 | | | |
The amounts in accumulated other comprehensive income (loss) that has not yet been recognized as components of net periodic benefit cost [Abstract] | | | | | | |
Prior service (cost) credit | -7.7 | | -6.3 | | | |
Net actuarial (loss) gain | -512.9 | | -281.7 | | | |
Accumulated other comprehensive income (loss) – pretax | -520.6 | | -288 | | | |
Accumulated other comprehensive income (loss) – net of tax | -329.5 | | -182.5 | | | |
Other changes in plan assets and benefit obligations for continuing operations recognized in other comprehensive loss (income) [Abstract] | | | | | | |
Current year net actuarial loss (gain) | 262.1 | | -276.3 | | | |
Current year prior service cost (credit) | 3.3 | | 0.7 | | | |
Amortization of net actuarial (loss) gain | -30.5 | | -51.9 | | | |
Amortization of prior service (cost) credit | -1.9 | | -2.1 | | | |
Settlement loss (gain) | -4.2 | | -7.4 | | | |
Foreign currency exchange rate changes on the above line items | -3.6 | | 1 | | | |
Total recognized in other comprehensive (income) loss, before taxes | 225.2 | | -336 | | | |
Total recognized in other comprehensive (income) loss, after taxes | 145.1 | | -211.7 | | | |
Estimated amounts that will be amortized from AOCI during next fiscal year [Abstract] | | | | | | |
Net actuarial gain (loss) that will be amortized from AOCI into net annual benefit cost (income) during 2014 | -47.2 | | | | | |
Prior service cost (credit) that will be amortized from AOCI into net annual benefit cost (income) during 2014 | 1.6 | | | | | |
Assumptions used in calculating net periodic benefit cost (income) [Abstract] | | | | | | |
Discount rate | 4.95% | | 4.15% | | 4.95% | |
Expected return on plan assets | 7.75% | | 7.75% | | 7.75% | |
Rate of compensation increase | 3.60% | | 3.40% | | 3.40% | |
Components of net annual benefit cost [Abstract] | | | | | | |
Service cost | 17.3 | | 22 | | 20.2 | |
Interest cost | 62.3 | | 57.7 | | 61.3 | |
Expected return on plan assets | -86.3 | | -78 | | -76.6 | |
Amortization of prior service cost | 1.9 | | 2.1 | | 2.1 | |
Recognized net actuarial and other (gain) loss | 30.5 | | 51.9 | | 51.2 | |
Recognized loss due to settlement and curtailments | 4.2 | | 7.4 | | 0 | |
Net periodic benefit cost from continuing operations | 29.9 | | 63.1 | | 58.2 | |
Estimated Net Future Benefit Payments [Abstract] | | | | | | |
2015 | 73.7 | | | | | |
2016 | 77.3 | | | | | |
2017 | 81.7 | | | | | |
2018 | 83.4 | | | | | |
2019 | 86.7 | | | | | |
2020 – 2024 | 467.5 | | | | | |
Pension Plan [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 1,069.90 | | 1,008.20 | | | |
Pension Plan [Member] | Significant Other Observable Inputs (Level 2) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 273.4 | | 276.4 | | | |
Pension Plan [Member] | Significant Unobservable Inputs (Level 3) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 1.6 | | 0.8 | | | |
Pension Plan [Member] | Cash and Short-term Investments [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 54.1 | | 55.2 | | | |
Pension Plan [Member] | Cash and Short-term Investments [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 54.1 | | 55.2 | | | |
Pension Plan [Member] | Cash and Short-term Investments [Member] | Significant Other Observable Inputs (Level 2) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Cash and Short-term Investments [Member] | Significant Unobservable Inputs (Level 3) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Equity Securities [Member] | Common Stock [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 799.8 | | 740.5 | | | |
Pension Plan [Member] | Equity Securities [Member] | Common Stock [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 799.8 | | 740.5 | | | |
Pension Plan [Member] | Equity Securities [Member] | Common Stock [Member] | Significant Other Observable Inputs (Level 2) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Equity Securities [Member] | Common Stock [Member] | Significant Unobservable Inputs (Level 3) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Equity Securities [Member] | Preferred Stock [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 3 | | 4.7 | | | |
Pension Plan [Member] | Equity Securities [Member] | Preferred Stock [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 3 | | 4.7 | | | |
Pension Plan [Member] | Equity Securities [Member] | Preferred Stock [Member] | Significant Other Observable Inputs (Level 2) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Equity Securities [Member] | Preferred Stock [Member] | Significant Unobservable Inputs (Level 3) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Equity Securities [Member] | Mutual Funds [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 286.9 | [4] | 289.1 | [4] | | |
Pension Plan [Member] | Equity Securities [Member] | Mutual Funds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 198.3 | [4] | 193.3 | [4] | | |
Pension Plan [Member] | Equity Securities [Member] | Mutual Funds [Member] | Significant Other Observable Inputs (Level 2) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 88.6 | [4] | 95.8 | [4] | | |
Pension Plan [Member] | Equity Securities [Member] | Mutual Funds [Member] | Significant Unobservable Inputs (Level 3) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | [4] | 0 | [4] | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Investment Contracts [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 185.5 | | 180.6 | | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Investment Contracts [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Investment Contracts [Member] | Significant Other Observable Inputs (Level 2) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 184.8 | | 180.6 | | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Investment Contracts [Member] | Significant Unobservable Inputs (Level 3) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0.7 | | 0 | | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Mutual Funds [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 9.9 | | 9.3 | | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Mutual Funds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 9.9 | | 9.3 | | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Mutual Funds [Member] | Significant Other Observable Inputs (Level 2) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Mutual Funds [Member] | Significant Unobservable Inputs (Level 3) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Corporate Debt Securities [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0.9 | | 1.8 | | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Corporate Debt Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0.9 | | 1.8 | | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Corporate Debt Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Corporate Debt Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Government Debt [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 3.9 | | 3.4 | | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Government Debt [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 3.9 | | 3.4 | | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Government Debt [Member] | Significant Other Observable Inputs (Level 2) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Fixed Income Investments [Member] | Government Debt [Member] | Significant Unobservable Inputs (Level 3) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Real Estate/Property [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0.8 | | 0.7 | | | |
Pension Plan [Member] | Real Estate/Property [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Real Estate/Property [Member] | Significant Other Observable Inputs (Level 2) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Real Estate/Property [Member] | Significant Unobservable Inputs (Level 3) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0.8 | | 0.7 | | | |
Pension Plan [Member] | Other Investments [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0.1 | | 0.1 | | | |
Pension Plan [Member] | Other Investments [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Other Investments [Member] | Significant Other Observable Inputs (Level 2) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0 | | 0 | | | |
Pension Plan [Member] | Other Investments [Member] | Significant Unobservable Inputs (Level 3) [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at December 31 | 0.1 | | 0.1 | | | |
Pension Plan,U.S. Plans with Assets [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Funded status of the plan (liability) | -167.6 | | 15 | | | |
Pension Plan, U.S.Plans without Assets [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Funded status of the plan (liability) | -40.2 | | -38.2 | | | |
Pension Plan, Non-U.S. Plans With Assets [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Funded status of the plan (liability) | -7.4 | | -0.2 | | | |
U.S. Defined Benefit Pension Plan [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Company contributions | 50 | | 40 | | | |
Assumptions used in calculating net periodic benefit cost (income) [Abstract] | | | | | | |
Expected return on plan assets | 7.75% | | 7.75% | | 7.75% | |
Components of net annual benefit cost [Abstract] | | | | | | |
Historical compound annual rate of return of plan's trust over the last 20 years | 10.30% | | | | | |
Estimated inflation rate assumptions for rate of return on plan assets | 2.20% | | | | | |
Pension and Other Postretirement Benefit Contributions [Abstract] | | | | | | |
Expected total voluntary cash contributions to U.S. defined benefit pension plan for 2014 | 65 | | | | | |
U.S. Defined Benefit Pension Plan [Member] | Cash and Short-term Investments [Member] | | | | | | |
Target plan asset allocations [Abstract] | | | | | | |
Target asset allocation, minimum | 0.00% | | | | | |
Target asset allocation, maximum | 5.00% | | | | | |
U.S. Defined Benefit Pension Plan [Member] | Equity Securities [Member] | | | | | | |
Target plan asset allocations [Abstract] | | | | | | |
Target asset allocation, minimum | 75.00% | | | | | |
Target asset allocation, maximum | 85.00% | | | | | |
U.S. Defined Benefit Pension Plan [Member] | Equity Securities [Member] | Minimum [Member] | | | | | | |
Assumptions used in calculating net periodic benefit cost (income) [Abstract] | | | | | | |
Expected return on plan assets | 8.90% | | | | | |
U.S. Defined Benefit Pension Plan [Member] | Equity Securities [Member] | Maximum [Member] | | | | | | |
Assumptions used in calculating net periodic benefit cost (income) [Abstract] | | | | | | |
Expected return on plan assets | 10.60% | | | | | |
U.S. Defined Benefit Pension Plan [Member] | Fixed Income Investments [Member] | | | | | | |
Target plan asset allocations [Abstract] | | | | | | |
Target asset allocation, minimum | 15.00% | | | | | |
Target asset allocation, maximum | 25.00% | | | | | |
U.S. Defined Benefit Pension Plan [Member] | Fixed Income Investments [Member] | Minimum [Member] | | | | | | |
Assumptions used in calculating net periodic benefit cost (income) [Abstract] | | | | | | |
Expected return on plan assets | 5.90% | | | | | |
U.S. Defined Benefit Pension Plan [Member] | Fixed Income Investments [Member] | Maximum [Member] | | | | | | |
Assumptions used in calculating net periodic benefit cost (income) [Abstract] | | | | | | |
Expected return on plan assets | 6.80% | | | | | |
Foreign Pension Plan [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Company contributions | 4.9 | | 5.5 | | | |
Other Postretirement Benefit Plan [Member] | | | | | | |
Following are the weighted average assumptions used to determine the benefit obligations [Abstract] | | | | | | |
Discount Rate | 4.15% | [5] | 4.95% | [5] | | |
Rate of compensation increase | 0.00% | [5] | 0.00% | [5] | | |
Change in projected benefit obligation [Abstract] | | | | | | |
Projected benefit obligation at January 1 | 23.5 | [5] | 29.2 | [5] | | |
Service cost | 0.1 | [5] | 0.1 | [5] | 0.1 | [5] |
Interest cost | 1 | [5] | 1 | [5] | 1.4 | [5] |
Actuarial loss (gain) | 1 | [1],[5] | -4.2 | [1],[5] | | |
Amendments | 3.4 | [5] | 0 | [5] | | |
Foreign currency exchange rate changes | 0 | [5] | 0.1 | [5] | | |
Plan participants’ contributions | 6.1 | [5] | 6.2 | [5] | | |
Settlements | 0 | [5] | 0 | [5] | | |
Curtailments | 0 | [5] | 0 | [5] | | |
Benefits paid | -8.7 | [5] | -8.9 | [5] | | |
Projected benefit obligation at December 31 | 26.4 | [5] | 23.5 | [5] | 29.2 | [5] |
Change in fair value of plan assets [Abstract] | | | | | | |
Fair value of plan assets at January 1 | 0 | [5] | 0 | [5] | | |
Actual return on plan assets | 0 | [5] | 0 | [5] | | |
Foreign currency exchange rate changes | 0 | [5] | 0 | [5] | | |
Company contributions | 2.6 | [5] | 2.7 | [5] | | |
Plan participants’ contributions | 6.1 | [5] | 6.2 | [5] | | |
Settlements | 0 | [5] | 0 | [5] | | |
Benefits paid | -8.7 | [5] | -8.9 | [5] | | |
Fair value of plan assets at December 31 | 0 | [5] | 0 | [5] | 0 | [5] |
Funded status of the plan (liability) | -26.4 | [5] | -23.5 | [5] | | |
Amount recognized in the consolidated balance sheets [Abstract] | | | | | | |
Pension other asset | 0 | [2],[5] | 0 | [2],[5] | | |
Accrued benefit liability | -26.4 | [3],[5] | -23.5 | [3],[5] | | |
Total | -26.4 | [5] | -23.5 | [5] | | |
The amounts in accumulated other comprehensive income (loss) that has not yet been recognized as components of net periodic benefit cost [Abstract] | | | | | | |
Prior service (cost) credit | -3.3 | [5] | 0 | [5] | | |
Net actuarial (loss) gain | 10.4 | [5] | 13 | [5] | | |
Accumulated other comprehensive income (loss) – pretax | 7.1 | [5] | 13 | [5] | | |
Accumulated other comprehensive income (loss) – net of tax | 4.4 | [5] | 8.1 | [5] | | |
Other changes in plan assets and benefit obligations for continuing operations recognized in other comprehensive loss (income) [Abstract] | | | | | | |
Current year net actuarial loss (gain) | 0.9 | [5] | -4.2 | [5] | | |
Current year prior service cost (credit) | 3.4 | [5] | 0 | [5] | | |
Amortization of net actuarial (loss) gain | 1.6 | [5] | 2 | [5] | | |
Amortization of prior service (cost) credit | -0.1 | [5] | 0 | [5] | | |
Settlement loss (gain) | 0 | | | | 0 | |
Foreign currency exchange rate changes on the above line items | 0 | [5] | 0 | [5] | | |
Total recognized in other comprehensive (income) loss, before taxes | 5.8 | [5] | -2.2 | [5] | | |
Total recognized in other comprehensive (income) loss, after taxes | 3.6 | [5] | -1.4 | [5] | | |
Estimated amounts that will be amortized from AOCI during next fiscal year [Abstract] | | | | | | |
Net actuarial gain (loss) that will be amortized from AOCI into net annual benefit cost (income) during 2014 | -0.8 | | | | | |
Prior service cost (credit) that will be amortized from AOCI into net annual benefit cost (income) during 2014 | 0.6 | | | | | |
Assumptions used in calculating net periodic benefit cost (income) [Abstract] | | | | | | |
Discount rate | 4.95% | [5] | 4.15% | [5] | 4.95% | [5] |
Expected return on plan assets | 0.00% | [5] | 0.00% | [5] | 0.00% | [5] |
Rate of compensation increase | 0.00% | [5] | 0.00% | [5] | 0.00% | [5] |
Components of net annual benefit cost [Abstract] | | | | | | |
Service cost | 0.1 | [5] | 0.1 | [5] | 0.1 | [5] |
Interest cost | 1 | [5] | 1 | [5] | 1.4 | [5] |
Expected return on plan assets | 0 | [5] | 0 | [5] | 0 | [5] |
Amortization of prior service cost | 0.2 | [5] | 0 | [5] | -0.2 | [5] |
Recognized net actuarial and other (gain) loss | -1.6 | [5] | -1.9 | [5] | -2.4 | [5] |
Recognized loss due to settlement and curtailments | 0 | [5] | 0 | [5] | 0 | [5] |
Net periodic benefit cost from continuing operations | -0.3 | [5] | -0.8 | [5] | -1.1 | [5] |
Estimated Net Future Benefit Payments [Abstract] | | | | | | |
2015 | 2.6 | | | | | |
2016 | 2.5 | | | | | |
2017 | 2.4 | | | | | |
2018 | 2.2 | | | | | |
2019 | 2.1 | | | | | |
2020 – 2024 | 9.3 | | | | | |
Other Postretirement Benefit Plan, U.S. Plan with Assets [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Funded status of the plan (liability) | 0 | [5] | 0 | [5] | | |
Other Postretirement Benefit Plan, U.S. Plans without Assets [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Funded status of the plan (liability) | -26.4 | [5] | -23.5 | [5] | | |
Other Postretirement Benefit Plan, Non-U.S. Plans with Assets [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Funded status of the plan (liability) | 0 | [5] | 0 | [5] | | |
Other Pension Plan [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Company contributions | 10.8 | | 19.8 | | | |
Funded status of the plan (liability) | -8.9 | | -6.4 | | | |
Other Postretirement Benefit Plan, All Other Plans [Member] | | | | | | |
Change in fair value of plan assets [Abstract] | | | | | | |
Funded status of the plan (liability) | $0 | [5] | $0 | [5] | | |
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[1] | In 2014, the Society of Actuaries released new mortality tables and a mortality improvement scale for measurement of retirement program obligations. The adoption of these new tables is included in the measurement of the December 31, 2014 U.S. defined benefit and post retirement obligations and resulted in an actuarial loss of approximately $95 million. |
[2] | Included in “Other assets†on the consolidated balance sheets. |
[3] | Recorded as "Accrued pension and other postretirement benefits, current and long-term" on the consolidated balance sheets. |
[4] | As of December 31, 2014 and 2013 we have $88.6 million and $95.8 million, respectively, of investments in certain funds where the net asset value reported by the underlying funds approximates the fair value. These investments are redeemable with the fund at net asset value under the original terms of the partnership agreements and/or subscription agreements and operations of the underlying funds. However, it is possible that these redemption rights may be restricted or eliminated by the funds in the future in accordance with the underlying fund agreements. Due to the nature of the investments held by the funds, changes in market conditions and the economic environment may significantly impact the net asset value of the funds and, consequently, the fair value of the interests in the funds. Furthermore, changes to the liquidity provisions of the funds may significantly impact the fair value of the interest in the funds. |
[5] | Refer to Note 9 for information on our discontinued postretirement benefit plans. |