Employee Benefit Plans and Other Postretirement Benefits - Fair Value Measurements of Plan Assets (Details) - USD ($) $ in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | $ 954.8 | | $ 830.4 |
Significant unobservable input (Level 3) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 4.2 | | 5.7 |
Cash and Short-term Investments | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 608.1 | [1] | 1.5 |
Cash and Short-term Investments | Quoted prices in active markets for identical assets (Level 1) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 602.4 | [1] | 0 |
Cash and Short-term Investments | Significant other observable inputs (Level 2) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 5.7 | [1] | 1.5 |
Cash and Short-term Investments | Significant unobservable input (Level 3) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 0 | [1] | 0 |
Domestic equities (Common/Collective Trust Funds) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [2] | 84.1 | | 107.9 |
Domestic equities (Common/Collective Trust Funds) | Quoted prices in active markets for identical assets (Level 1) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [2] | 0 | | 0 |
Domestic equities (Common/Collective Trust Funds) | Significant other observable inputs (Level 2) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [2] | 84.1 | | 107.9 |
Domestic equities (Common/Collective Trust Funds) | Significant unobservable input (Level 3) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [2] | 0 | | 0 |
Fixed Income (Mutual Funds) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 95.4 | | 173.2 |
Fixed Income (Mutual Funds) | Quoted prices in active markets for identical assets (Level 1) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 95.4 | | 108.4 |
Fixed Income (Mutual Funds) | Significant other observable inputs (Level 2) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 0 | | 64.8 |
Fixed Income (Mutual Funds) | Significant unobservable input (Level 3) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 0 | | 0 |
International equities (Common/Collective Trust Funds) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [2] | 5.6 | | 124.5 |
International equities (Common/Collective Trust Funds) | Quoted prices in active markets for identical assets (Level 1) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [2] | 0 | | 0 |
International equities (Common/Collective Trust Funds) | Significant other observable inputs (Level 2) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [2] | 5.6 | | 124.5 |
International equities (Common/Collective Trust Funds) | Significant unobservable input (Level 3) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [2] | 0 | | 0 |
Fixed Income (Common/Collective Trust Funds) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [2] | 59.8 | | 271.6 |
Fixed Income (Common/Collective Trust Funds) | Quoted prices in active markets for identical assets (Level 1) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [2] | 0 | | 0 |
Fixed Income (Common/Collective Trust Funds) | Significant other observable inputs (Level 2) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [2] | 59.8 | | 271.6 |
Fixed Income (Common/Collective Trust Funds) | Significant unobservable input (Level 3) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [2] | 0 | | 0 |
International equities (Mutual Funds) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 56.1 | | 68.7 |
International equities (Mutual Funds) | Quoted prices in active markets for identical assets (Level 1) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 56.1 | | 68.7 |
International equities (Mutual Funds) | Significant other observable inputs (Level 2) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 0 | | 0 |
International equities (Mutual Funds) | Significant unobservable input (Level 3) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 0 | | 0 |
Fixed Income (Corporate and Government Bonds) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 41.3 | | |
Fixed Income (Corporate and Government Bonds) | Quoted prices in active markets for identical assets (Level 1) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 41.3 | | |
Fixed Income (Corporate and Government Bonds) | Significant other observable inputs (Level 2) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 0 | | |
Fixed Income (Corporate and Government Bonds) | Significant unobservable input (Level 3) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 0 | | |
Private Equity Securities | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [3] | 4.2 | | 5.7 |
Private Equity Securities | Quoted prices in active markets for identical assets (Level 1) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [3] | 0 | | 0 |
Private Equity Securities | Significant other observable inputs (Level 2) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [3] | 0 | | 0 |
Private Equity Securities | Significant unobservable input (Level 3) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | [3] | 4.2 | | 5.7 |
Total Securities at Fair Value | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 954.6 | | 828.4 |
Total Securities at Fair Value | Quoted prices in active markets for identical assets (Level 1) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 795.2 | | 252.4 |
Total Securities at Fair Value | Significant other observable inputs (Level 2) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 155.2 | | 570.3 |
Total Securities at Fair Value | Significant unobservable input (Level 3) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | 4.2 | | 5.7 |
Receivables and Accruals, Net [Member] | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | $ 0.2 | | 2 |
Domestic equities (Mutual Funds) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | | | 65.7 |
Domestic equities (Mutual Funds) | Quoted prices in active markets for identical assets (Level 1) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | | | 65.7 |
Domestic equities (Mutual Funds) | Significant other observable inputs (Level 2) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | | | 0 |
Domestic equities (Mutual Funds) | Significant unobservable input (Level 3) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | | | 0 |
Real Estate | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | | | 9.6 |
Real Estate | Quoted prices in active markets for identical assets (Level 1) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | | | 9.6 |
Real Estate | Significant other observable inputs (Level 2) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | | | 0 |
Real Estate | Significant unobservable input (Level 3) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Fair value of plan assets | | | | $ 0 |
| |
[1] | Short-term investments and the Boise pension plan assets classified as cash as of December 31, 2017. The Boise pension plan assets were subsequently allocated to equities and fixed income securities on January 5, 2018 after consolidating with the PCA pension plan assets under one trustee. | |
[2] | Investments in common/collective trust funds valued using net asset values (NAV) provided by the administrator of the funds. The NAV is based on the value of the underlying assets owned by the fund, minus its liabilities, and then divided by the number of units outstanding. While the underlying assets are actively traded on an exchange, the funds are not. There are currently no redemption restrictions on these investments. There are certain funds with one-day redeemable notice. | |
[3] | Investments in this category are invested in the Pantheon Global Secondary Fund IV, LP. The fund specializes in investments in the private equity secondary market and occasionally directly in private companies to maximize capital growth. Fund investments are carried at fair value as determined quarterly using the market approach to estimate the fair value of private investments. The market approach utilizes prices and other relevant information generated by market transactions, type of security, size of the position, degree of liquidity, restrictions on the disposition, latest round of financing data, current financial position, and operating results, among other factors. In circumstances where fair values are not provided with respect to any of the company's fund investments, the investment advisor will seek to determine the fair value of such investments based on information provided by the general partners or managers of such funds or from other sources. Audited financial statements are provided by fund management annually. Notwithstanding the above, the variety of valuation bases adopted and quality of management data of the ultimate underlying investee companies means that there are inherent difficulties in determining the value of the investments. Amounts realized on the sale of these investments may differ from the calculated values. Boise had originally committed to a $15.0 million investment, with $5.0 million of the commitment unfunded at December 31, 2017. | |