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BENEFIT PLANS: (Tables)

12 Months Ended

Dec. 31, 2015

Post retirement defined benefit plans

Components of net periodic benefit costs

Schedule of the components of net periodic benefit costs

(in millions)		2015			2014			2013
Service cost		$	1.1		$	1.0		$	1.1
Interest cost		1.0			1.1			1.0
Expected return on plan assets		(3.0		)	(3.3		)	(3.4		)
Amortization of transition assets, net		0.1			0.1			—
Amortization of net actuarial loss		(0.5		)	(0.4		)	(0.7		)
Amortization of net loss/(gain)		0.2			0.2			0.2
Net periodic benefit cost		$	(1.1	)	$	(1.3	)	$	(1.8	)

Schedule of changes in the benefit obligation and plan assets, the funded status of the plans and the amount recognized in balance sheet and accumulated other comprehensive income

		At December 31,
(in millions)		2015			2014
Change in benefit obligation:
Projected benefit obligation at beginning of year		$	25.8		$	26.8
Service cost		1.1			1.0
Interest cost		1.0			1.1
Benefits paid		(2.9		)	(1.9		)
Actuarial loss/ (gain)		2.4			(1.6		)
Actuarial gain assumption changes		(0.7		)	2.2
Inflation adjustment		(1.8		)	(1.8		)
Projected benefit obligation at end of year		$	24.9		$	25.8
Change in plan assets:
Fair value of plan assets at beginning of year		$	57.7		$	60.6
Actual return on plan assets		(3.2		)	3.7
Employer contributions		(0.5		)	(0.5		)
Benefits paid		(1.0		)	(1.1		)
Currency exchange rate adjustment		(6.2		)	(5.0		)
Fair value of plan assets at end of year		$	46.8		$	57.7
Funded status at end of year:		$	21.9		$	31.9
ASC-715 amounts recognized in balance sheet consists of:
Non-current assets		$	21.9		$	31.9
Total		$	21.9		$	31.9
ASC-715 amounts recognized in accumulated other comprehensive income (net of income taxes of $(3.2) million and $0.4 million in 2015 and 2014, respectively) consists of:
Net loss (gain)		$	4.4		$	(1.3	)
Prior service cost		1.3			1.6
Total		$	5.7		$	0.3

Schedule of changes in accumulated other comprehensive income

(in millions)		2015			2014
Reconciliation of accumulated other comprehensive income:
Accumulated other comprehensive income at beginning of plan year		$	0.3		$	(1.6	)
Net loss/(gain) amortized during the year		0.2			0.1
Net loss/(gain) occurring during the year		4.7			0.2
Amortization of transition obligation		(0.1		)	(0.1		)
Currency exchange rate adjustment		0.6			1.7
Net adjustment to accumulated other comprehensive income (net of income taxes of $(3.6) million and $(1.1) million in 2015 and 2014, respectively)		5.4			1.9
Accumulated other comprehensive income at end of plan year		$	5.7		$	0.3

Summary of the amounts in accumulated other comprehensive income amortized and recognized as a component of net periodic benefit cost, net of tax

(in millions)		2015			2014
Net loss / (gain)		$	4.7		$	0.2
Amortization of net (loss) gain		0.2			0.1
Amortization of transition obligation		(0.1		)	(0.1		)
Total amortization expenses		$	4.8		$	0.2

Scheduled maturities of the benefits expected to be paid in each of the next five years, and thereafter

Years		Expected Benefit Payments
		(in millions)
2016		$	8.1
2017		1.4
2018		1.5
2019		1.5
2020		1.5
2021 to 2025		7.4
Total		$	21.4

Post-retirement Health Care Plan

Components of net periodic benefit costs

Schedule of the components of net periodic benefit costs

(in millions)		2015			2014			2013
Interest cost		$	1.0		$	1.3		$	1.7
Amortization of prior service cost/ (credit)		(0.4		)	(0.3		)	—
Net periodic benefit cost		$	0.6		$	1.0		$	1.7

Schedule of changes in the benefit obligation and plan assets, the funded status of the plans and the amount recognized in balance sheet and accumulated other comprehensive income

		At December 31,
(in millions)		2015			2014
Change in benefit obligation:
Projected benefit obligation at beginning of year		$	17.1		$	21.7
Interest cost		1.0			1.3
Actuarial loss/ (gain) — claims cost		(0.4		)	(0.2		)
Benefits paid		(0.7		)	(0.6		)
Actuarial (gain)/loss		(3.9		)	(3.2		)
Actuarial gain assumption changes		(0.1		)	0.4
Inflation adjustment		(2.2		)	(2.3		)
Projected benefit obligation at end of year		$	10.8		$	17.1
Change in plan assets:
Fair value of plan assets at beginning of year		$	—		$	—
Employer contributions		0.1			0.1
Benefits paid		(0.1		)	(0.1		)
Fair value of plan assets at end of year		$	—		$	—
Funded status at end of year:		$	(10.8	)	$	(17.1	)
ASC-715 amounts recognized in balance sheet consists of:
Current liabilities		$	(0.1	)	$	(0.1	)
Non-current liabilities		(10.7		)	(17.0		)
Total		$	(10.8	)	$	(17.1	)
ASC-715 amounts recognized in accumulated other comprehensive income consists of:
Net loss (gain)		$	(6.5	)	$	(4.8	)
Total (net of income taxes of $4.4 million and $3.3 million in 2015 and 2014, respectively)		$	(6.5	)	$	(4.8	)

Schedule of changes in accumulated other comprehensive income

		At December 31,
(in millions)		2015			2014
Reconciliation of accumulated other comprehensive income:
Accumulated other comprehensive income at beginning of plan year		$	(4.8	)	$	(4.4	)
Net loss/(gain) occurring during the year		(2.7		)	(1.7		)
Net loss/(gain) amortized during the year		0.2			0.2
Currency exchange rate adjustment		0.8			1.1
Net adjustment to accumulated other comprehensive income (net of income taxes of $4.4 million and $3.3 million in 2015 and 2014, respectively)		(1.7		)	(0.4		)
Accumulated other comprehensive income at end of plan year		$	(6.5	)	$	(4.8	)

Summary of the amounts in accumulated other comprehensive income amortized and recognized as a component of net periodic benefit cost, net of tax

		At December 31,
(in millions)		2015			2014
Net loss / (gain)		$	(2.7	)	$	(1.7	)
Amortization of net (loss) gain		0.2			0.2
Total amortization expenses		$	(2.5	)	$	(1.5	)

Scheduled maturities of the benefits expected to be paid in each of the next five years, and thereafter

Year		Expected Benefit Payments
		(in millions)
2016		$	0.7
2017		0.7
2018		0.7
2019		0.7
2020		0.8
2021 to 2025		3.8
Total		$	7.4

Expatriate Plan | Post retirement defined benefit plans

Components of net periodic benefit costs

Schedule of assumptions used to determine the pension obligations and other post-retirement benefits

Expatriate Plan		2015		2014		2013
Discount rate		3.80	%	3.50	%	4.25	%
Expected long-term rate of return on plan asset		4.50	%	4.50	%	4.50	%
Rate of increase in future compensation level		N/A		N/A		N/A

Mexican Plan(*)		2015		2014		2013
Discount rate		6.80	%	6.70	%	7.10	%
Expected long-term rate of return on plan asset		6.80	%	6.70	%	7.10	%
Rate of increase in future compensation level		4.50	%	4.00	%	4.00	%

(*)These rates are based on Mexican pesos as pension obligations are denominated in pesos.

Expatriate Plan | Post-retirement Health Care Plan

Components of net periodic benefit costs

Schedule of assumptions used to determine the pension obligations and other post-retirement benefits

		2015		2014		2013
Expatriate health plan
Discount rate		3.80	%	3.50	%	4.25	%
Mexican health plan
Weighted average discount rate		6.80	%	6.70	%	7.10	%

Mexican Health Plan | Post retirement defined benefit plans

Components of net periodic benefit costs

Schedule of asset mix of the investment portfolio

		2015		2014
Asset category:
Equity securities		79	%	73	%
Treasury bills		21	%	27	%
		100	%	100	%

Mexican Health Plan | Post-retirement Health Care Plan

Components of net periodic benefit costs

Schedule of assumptions used to determine the pension obligations and other post-retirement benefits

		2015		2014		2013
Expatriate health plan
Discount rate		3.80	%	3.50	%	4.25	%
Mexican health plan
Weighted average discount rate		6.80	%	6.70	%	7.10	%

Schedule of effects of one percentage-point change in assumed other benefits cost trend rates

		One Percentage Point
(in millions)		Increase			Decrease
Effect on total service and interest cost components		$	0.7		$	0.6
Effect on the post-retirement benefit obligation		$	10.2		$	9.2

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+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
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+ References

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+ References

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