| Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
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Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] | |
Company Match of Employee Contributions | Our match of employees’ contributions under our defined contribution plans and supplemental employer contributions for the years ended December 31, 2016, 2015 and 2014 were as follows: | | | | | | | | | | | | | | | | For the years ended December 31, | | | 2016 | | 2015 | | 2014 | Company match of employee contributions | | $ | 5.2 |
| | $ | 5.0 |
| | $ | 5.3 |
| Supplemental employer contributions | | 1.3 |
| | 1.5 |
| | 1.4 |
|
|
Schedule of Net Benefit Costs | The components of the net periodic benefit expense for the years ended December 31, 2016, 2015 and 2014 are as follows: | | | | | | | | | | | | | | | | U.S. Pension Benefits | | | For the years ended December 31, | | | 2016 | | 2015 | | 2014 | Service cost | | $ | 3.7 |
| | $ | 3.8 |
| | $ | 3.1 |
| Interest cost | | 6.0 |
| | 7.1 |
| | 7.3 |
| Amortization of net loss | | 1.9 |
| | 1.9 |
| | — |
| Amortization of prior service cost | | 0.2 |
| | 0.2 |
| | — |
| Expected return on plan assets | | (10.0 | ) | | (10.8 | ) | | (10.5 | ) | Net periodic benefit cost | | $ | 1.8 |
| | $ | 2.2 |
| | $ | (0.1 | ) |
| | | | | | | | | | | | | | | | Non-U.S. Pension Benefits | | | For the years ended December 31, | | | 2016 | | 2015 | | 2014 | Service cost | | $ | 2.0 |
| | $ | 2.9 |
| | $ | 3.8 |
| Interest cost | | 2.1 |
| | 2.8 |
| | 7.5 |
| Amortization of net loss | | 1.6 |
| | 3.0 |
| | 1.3 |
| Expected return on plan assets | | — |
| | — |
| | (0.2 | ) | Net periodic benefit cost | | 5.7 |
| | 8.7 |
| | 12.4 |
| Net periodic benefit cost reclassified to income from discontinued operations | | — |
| | (1.2 | ) | | (5.9 | ) | Net periodic benefit cost included in continuing operations | | $ | 5.7 |
| | $ | 7.5 |
| | $ | 6.5 |
|
The components of net postretirement benefit expense for the years ended December 31, 2016, 2015 and 2014 are as follows: | | | | | | | | | | | | | | | | For the years ended December 31, | | | 2016 | | 2015 | | 2014 | Service cost | | $ | 0.2 |
| | $ | 0.2 |
| | $ | 0.1 |
| Interest cost | | 1.3 |
| | 1.7 |
| | 1.8 |
| Amortization of net (gain) loss | | (0.1 | ) | | 0.5 |
| | (0.4 | ) | Net postretirement benefit expense | | $ | 1.4 |
| | $ | 2.4 |
| | $ | 1.5 |
|
|
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan | The financial status of the plans at December 31, 2016 and 2015 is as follows: | | | | | | | | | | | | For the years ended December 31, | | | 2016 | | 2015 | Change in benefit obligations | | | | | Benefit obligation at beginning of period | | $ | 42.5 |
| | $ | 50.4 |
| Service cost | | 0.2 |
| | 0.2 |
| Interest cost | | 1.3 |
| | 1.7 |
| Benefits paid | | (5.1 | ) | | (5.5 | ) | Employee contributions | | 0.8 |
| | 0.8 |
| Medicare subsidies received | | 0.3 |
| | 0.2 |
| Actuarial gain | | (2.4 | ) | | (5.0 | ) | Other | | — |
| | (0.3 | ) | Benefit obligation at end of period | | $ | 37.6 |
| | $ | 42.5 |
| | | | | | Change in plan assets | | | | | Fair value of plan assets at beginning of period | | $ | — |
| | $ | — |
| Employer contributions | | 4.0 |
| | 4.5 |
| Employee contributions | | 0.8 |
| | 0.8 |
| Medicare subsidies received | | 0.3 |
| | 0.2 |
| Benefits paid | | (5.1 | ) | | (5.5 | ) | Fair value of plan assets at end of period | | $ | — |
| | $ | — |
| | | | | | Net amount recognized | | $ | (37.6 | ) | | $ | (42.5 | ) |
The changes in projected benefit obligations and plan assets during the years ended December 31, 2016 and 2015 are as follows: | | | | | | | | | | | | | | | | | | | | U.S. Pension Benefits | | Non-U.S. Pension Benefits | | | For the years ended December 31, | | For the years ended December 31, | | | 2016 | | 2015 | | 2016 | | 2015 | Change in projected benefit obligations | | | | | | | | | Projected benefit obligation at beginning of period | | $ | 181.3 |
| | $ | 192.5 |
| | $ | 102.8 |
| | $ | 249.5 |
| Service cost | | 3.7 |
| | 3.8 |
| | 2.0 |
| | 2.9 |
| Interest cost | | 6.0 |
| | 7.1 |
| | 2.1 |
| | 2.8 |
| Actuarial loss (gain) | | 1.5 |
| | (10.5 | ) | | 20.0 |
| | (11.0 | ) | Expenses paid | | (1.7 | ) | | (1.6 | ) | | — |
| | — |
| Benefits paid | | (10.2 | ) | | (10.0 | ) | | (3.4 | ) | | (3.4 | ) | Divestitures | | — |
| | — |
| | — |
| | (118.7 | ) | Translation and other | | — |
| | — |
| | (4.6 | ) | | (19.3 | ) | Projected benefit obligation at end of period | | $ | 180.6 |
| | $ | 181.3 |
| | $ | 118.9 |
| | $ | 102.8 |
| | | | | | | | | | Change in plan assets | | | | | | | | | Fair value of plan assets at beginning of period | | $ | 130.7 |
| | $ | 135.2 |
| | $ | 0.9 |
| | $ | 5.2 |
| Employer contributions | | 8.0 |
| | 7.1 |
| | 3.5 |
| | 3.4 |
| Actual return on plan assets | | 9.3 |
| | — |
| | 0.3 |
| | — |
| Expenses paid | | (1.7 | ) | | (1.6 | ) | | — |
| | — |
| Benefits paid | | (10.2 | ) | | (10.0 | ) | | (3.4 | ) | | (3.4 | ) | Divestitures | | — |
| | — |
| | — |
| | (4.0 | ) | Translation and other | | — |
| | — |
| | — |
| | (0.3 | ) | Fair value of plan assets at end of period | | $ | 136.1 |
| | $ | 130.7 |
| | $ | 1.3 |
| | $ | 0.9 |
| | | | | | | | | | Net amount recognized | | $ | (44.5 | ) | | $ | (50.6 | ) | | $ | (117.6 | ) | | $ | (101.9 | ) |
|
Schedule of Amounts Recognized in Balance Sheet | The following table provides the amounts recognized in the Consolidated Balance Sheet as of December 31, 2016 and 2015: | | | | | | | | | | | | December 31, | | | 2016 | | 2015 | Accrued liabilities | | $ | (3.4 | ) | | $ | (3.7 | ) | Accrued postretirement benefits | | (34.2 | ) | | (38.8 | ) | Net amount recognized | | $ | (37.6 | ) | | $ | (42.5 | ) | | | | | | Amounts recognized in accumulated other comprehensive loss (before tax) consist of: | | | | | Net actuarial (gain) loss | | $ | (1.7 | ) | | $ | 0.5 |
| | | $ | (1.7 | ) | | $ | 0.5 |
| | | | | | Amortization expected to be recognized during next fiscal year (before tax): | | | | | Amortization of net actuarial gain | | $ | 0.5 |
| | |
The following table provides the amounts recognized in the Consolidated Balance Sheet as of December 31, 2016 and 2015: | | | | | | | | | | | | | | | | | | | | U.S. Pension Benefits | | Non-U.S. Pension Benefits | | | December 31, | | December 31, | | | 2016 | | 2015 | | 2016 | | 2015 | Accrued liabilities | | $ | — |
| | $ | — |
| | $ | (3.3 | ) | | $ | (3.3 | ) | Accrued pension benefits | | (44.5 | ) | | (50.6 | ) | | (114.3 | ) | | (98.6 | ) | Net amount recognized | | $ | (44.5 | ) | | $ | (50.6 | ) | | $ | (117.6 | ) | | $ | (101.9 | ) | | | | | | | | | | Amounts recognized in accumulated other comprehensive loss (before tax) consist of: | | | | | | | | | Net actuarial loss | | $ | 37.2 |
| | $ | 36.8 |
| | $ | 46.7 |
| | $ | 30.5 |
| Net prior service cost | | 1.8 |
| | 2.0 |
| | — |
| | — |
| | | $ | 39.0 |
| | $ | 38.8 |
| | $ | 46.7 |
| | $ | 30.5 |
| | | | | | | | | | Amortization expected to be recognized during next fiscal year (before tax): | | | | | | | | | Amortization of net actuarial loss | | $ | (1.9 | ) | | | | $ | (2.8 | ) | | | Amortization of net prior service cost | | (0.2 | ) | | | | — |
| | | | | $ | (2.1 | ) | | | | $ | (2.8 | ) | | | | | | | | | | | | Additional Information | | | | | | | | | Accumulated benefit obligation for all defined benefit pension plans | | $ | 180.6 |
| | $ | 181.3 |
| | $ | 115.3 |
| | $ | 100.7 |
| For defined benefit pension plans with projected benefit obligations in excess of plan assets: | | | | | | | | | Aggregate projected benefit obligation | | 180.6 |
| | 181.3 |
| | 117.8 |
| | 102.9 |
| Aggregate fair value of plan assets | | 136.1 |
| | 130.7 |
| | 1.3 |
| | 1.0 |
| For defined benefit pension plans with accumulated benefit obligations in excess of plan assets: | | | | | | | | | Aggregate accumulated benefit obligation | | 180.6 |
| | 181.3 |
| | 115.3 |
| | 100.4 |
| Aggregate fair value of plan assets | | 136.1 |
| | 130.7 |
| | 1.3 |
| | 0.7 |
| Projected employer contributions for 2017 | | 1.5 |
| | | | 3.2 |
| | |
|
Schedule of Assumptions Used | The weighted average assumptions used to determine net postretirement benefit expense and benefit obligations are as follows: | | | | | | | | | | | | | For the years ended December 31, | | | 2016 | | 2015 | | 2014 | Discount rates | | 3.1% - 4.3% |
| | 3.6 | % | | 4.2 | % | Discount rate used to determine end of period benefit obligations | | 3.8 | % | | 4.0 | % | | 3.6 | % | Health care cost trend rate assumed for next year | | 7.8 | % | | 7.0 | % | | 7.2 | % | Ultimate trend rate | | 4.5 | % | | 4.5 | % | | 4.5 | % | Year rate reaches ultimate trend rate | | 2037 |
| | 2027 |
| | 2027 |
|
The weighted average assumptions used to determine benefit obligations are as follows: | | | | | | | | | | | | | U.S. Pension Benefits | | | As of December 31, | | | 2016 | | 2015 | | 2014 | Discount rate | | 4.0 | % | | 4.2 | % | | 3.8 | % |
| | | | | | | | | | | | | Non-U.S. Pension Benefits | | | As of December 31, | | | 2016 | | 2015 | | 2014 | Discount rate | | 1.9 | % | | 2.6 | % | | 2.2 | % | Rate of compensation increases, if applicable | | 3.0 |
| | 3.0 |
| | 3.0 |
|
The weighted average assumptions used to determine the net periodic benefit cost for the years ended December 31, 2016, 2015 and 2014 are as follows: | | | | | | | | | | | | U.S. Pension Benefits | | | For the years ended December 31, | | | 2016 | | 2015 | | 2014 | Discount rates | | 3.4% - 4.2% | | 3.8 | % | | 4.6 | % | Expected return on plan assets | | 7.8 | | 8.0 |
| | 8.0 |
|
| | | | | | | | | | | | | Non-U.S. Pension Benefits | | | For the years ended December 31, | | | 2016 | | 2015 | | 2014 | Discount rates | | 2.6 | % | | 2.2 | % | | 3.9 | % | Expected return on plan assets | | 2.8 |
| | 2.9 |
| | 3.1 |
| Rate of compensation increase | | 3.0 |
| | 3.0 |
| | 3.0 |
|
|
Schedule of Allocation of Plan Assets | The weighted average plan asset allocations at December 31, 2016 and 2015 and the target allocations are as follows: | | | | | | | | | | | | | Percentage of Plan Assets | | | 2016 | | 2015 | | Target Allocation | Cash | | 2 | % | | 1 | % | | — | % | Equity | | 61 |
| | 62 |
| | 63 |
| Fixed income | | 23 |
| | 23 |
| | 25 |
| Real estate | | 13 |
| | 13 |
| | 12 |
| Other | | 1 |
| | 1 |
| | — |
| Total | | 100 | % | | 100 | % | | 100 | % |
|
Schedule of Defined Benefit Plans Disclosures | The fair values of the Company’s pension plan assets at December 31, 2016 by asset class are as follows: | | | | | | | | | | | | | | | | | | | | Fair Value Measurements at December 31, 2016 Using: | | | | | Quoted Prices in | | Significant | | Significant | | | | | Active Markets for | | Observable | | Unobservable | | | | | Identical Assets | | Inputs | | Inputs | Asset Class: | | Fair Value | | (Level 1) | | (Level 2) | | (Level 3) | Cash | | $ | 2.7 |
| | $ | 2.7 |
| | $ | — |
| | $ | — |
| Registered Investment Companies: | | | |
|
| |
|
| |
|
| Large U.S. Equity | | 18.1 |
| | 18.1 |
| | — |
| | — |
| Small / Mid U.S. Equity | | 5.7 |
| | 5.7 |
| | — |
| | — |
| International Equity | | 12.2 |
| | 12.2 |
| | — |
| | — |
| Other | | 1.3 |
| | — |
| | 1.3 |
| | — |
| Total assets in the fair value hierarchy | | 40.0 |
| | $ | 38.7 |
| | $ | 1.3 |
| | $ | — |
| Commingled and Limited Partnership Funds measured at NAV (a): | | | | | | | | | Hedged Equity | | 19.3 |
| | | | | | | Core Real Estate | | 17.7 |
| | | | | | | International Large Cap Equity | | 12.9 |
| | | | | | | Core Fixed Income | | 32.0 |
| | | | | | | Small Cap Value Equity | | 15.5 |
| | | | | | | Total assets | | $ | 137.4 |
| | | | | | |
(a) In accordance with ASC 820-10, certain investments that were measured at NAV (as defined below) (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the total pension plan assets. The fair values of the Company’s pension plan assets at December 31, 2015 by asset class are as follows: | | | | | | | | | | | | | | | | | | | | Fair Value Measurements at December 31, 2015 Using: | | | | | Quoted Prices in | | Significant | | Significant | | | | | Active Markets for | | Observable | | Unobservable | | | | | Identical Assets | | Inputs | | Inputs | Asset Class: | | Fair Value | | (Level 1) | | (Level 2) | | (Level 3) | Cash | | $ | 1.3 |
| | $ | 1.3 |
| | $ | — |
| | $ | — |
| Registered Investment Companies: | | | | | | | | | Large U.S. Equity | | 17.3 |
| | 17.3 |
| | — |
| | — |
| Small / Mid U.S. Equity | | 7.1 |
| | 7.1 |
| | — |
| | — |
| International Equity | | 12.0 |
| | 12.0 |
| | — |
| | — |
| Other | | 1.2 |
| | — |
| | 1.2 |
| | — |
| Total assets in the fair value hierarchy | | 38.9 |
| | $ | 37.7 |
| | $ | 1.2 |
| | $ | — |
| Commingled and Limited Partnership Funds measured at NAV (a): | | | | | | | | | Hedged Equity | | 19.9 |
| | | | | | | Core Real Estate | | 17.9 |
| | | | | | | International Large Cap Equity | | 13.1 |
| | | | | | | Core Fixed Income | | 30.1 |
| | | | | | | Small Cap Value Equity | | 11.9 |
| | | | | | | Total Assets | | $ | 131.8 |
| | | | | | |
|
Schedule of Expected Benefit Payments | The following benefit payments are expected to be paid for the periods indicated: | | | | | | | | | | | | Gross Benefit Payment | | Net of Medicare Part D Subsidy | 2017 | | $ | 3.6 |
| | $ | 3.4 |
| 2018 | | 3.5 |
| | 3.3 |
| 2019 | | 3.3 |
| | 3.1 |
| 2020 | | 3.1 |
| | 3.1 |
| 2021 | | 2.9 |
| | 2.9 |
| 2022 - 2026 | | 12.2 |
| | 12.2 |
|
The following benefit payments for our pension plans, which reflect expected future service, as appropriate, are expected to be paid for the periods indicated: | | | | | | | | | | | | | U.S. | | Non-U.S. | | | | Pension Benefits | | Pension Benefits | | 2017 | | $ | 11.0 |
| | $ | 4.0 |
| | 2018 | | 10.9 |
| | 4.8 |
| | 2019 | | 11.1 |
| | 4.6 |
| | 2020 | | 11.5 |
| | 4.5 |
| | 2021 | | 11.5 |
| | 4.9 |
| | 2022 - 2026 | | 56.1 |
| | 26.1 |
| |
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Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates | A one-percentage change in assumed health care cost trend rates would have the following effects: | | | | | | | | | | | | 1% increase | | 1% decrease | Effect on total service and interest components | | $ | 0.1 |
| | $ | (0.1 | ) | Effect on postretirement benefit obligations | | 1.6 |
| | (1.4 | ) |
|