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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2016
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Summary of Net Periodic Pension Cost
The following is a summary of the status of the Company's foreign defined benefit pension plans and the net periodic pension cost (dollars in millions):
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
Service cost
 
$
9.0

 
$
8.4

 
$
9.3

Interest cost
 
4.5

 
3.8

 
5.7

Expected return on plan assets
 
(3.9
)
 
(3.5
)
 
(3.4
)
Curtailment gain
 
—

 
—

 
(6.6
)
Actuarial and other (gain) loss
 
10.1

 
(5.0
)
 
12.3

Total net periodic pension cost
 
$
19.7

 
$
3.7

 
$
17.3

Weighted average assumptions
 
 
 
 
 
 
Discount rate
 
1.60
%
 
1.82
%
 
1.64
%
Expected return on plan assets
 
3.20
%
 
2.46
%
 
2.25
%
Rate of compensation increase
 
3.05
%
 
2.96
%
 
3.03
%
Summary of Status Of Foreign Pension Plans
 
 
December 31,
 
 
2016
 
2015
Change in projected benefit obligation (PBO)
 
 
 
 
Projected benefit obligation at the beginning of the year
 
$
234.4

 
$
241.8

Service cost
 
9.0

 
8.4

Interest cost
 
4.5

 
3.8

Net actuarial (gain) loss
 
10.6

 
(5.2
)
Acquired PBO from Fairchild
 
17.4

 
—

Benefits paid by plan assets
 
(4.9
)
 
(3.8
)
Benefits paid by the Company
 
(5.9
)
 
(2.7
)
Translation gain and other
 
(3.3
)
 
(7.9
)
Projected benefit obligation at the end of the year
 
$
261.8

 
$
234.4

Accumulated benefit obligation at the end of the year
 
$
222.4

 
$
198.2

Change in plan assets
 
 
 
 
Fair value of plan assets at the beginning of the year
 
$
147.2

 
$
145.7

Acquired assets from Fairchild
 
9.1

 
—

Actual return on plan assets
 
4.4

 
3.3

Benefits paid from plan assets
 
(4.9
)
 
(3.8
)
Employer contributions
 
6.1

 
7.3

Translation and other loss
 
(2.2
)
 
(5.3
)
Fair value of plan assets at the end of the year
 
$
159.7

 
$
147.2

Plans with underfunded or non-funded projected benefit obligation
 
 
 
 
Projected benefit obligation
 
$
256.1

 
$
229.3

Fair value of plan assets
 
152.9

 
140.8

Plans with underfunded or non-funded accumulated benefit obligation
 
 
 
 
Accumulated benefit obligation
 
$
138.9

 
$
158.1

Fair value of plan assets
 
$
63.7

 
$
95.8

Amounts recognized in the balance sheet consist of
 
 
 
 
Current liabilities
 
(0.1
)
 
(0.1
)
Non-current liabilities
 
(102.0
)
 
(87.1
)
Funded status
 
$
(102.1
)
 
$
(87.2
)
Fair Value Measurement of Plan Assets
The fair value measurement of plan assets in the Company's foreign pension plans as of December 31, 2016 and 2015, was as follows (in millions):  
 
 
December 31, 2016
 
 
Total
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
Asset Category
 
 
 
 
 
 
 
 
Cash/Money Markets
 
$
4.9

 
$
4.9

 
$
—

 
$
—

Foreign Government/Treasury Securities (1)
 
15.6

 
15.6

 
—

 
—

Corporate Bonds, Debentures (2)
 
32.0

 
—

 
32.0

 
—

Equity Securities (3)
 
28.8

 
—

 
28.8

 
—

Mutual Funds
 
8.8

 
—

 
8.8

 
—

Investment and Insurance Annuity Contracts (4)
 
69.6

 
—

 
22.4

 
47.2

 
 
$
159.7

 
$
20.5

 
$
92.0

 
$
47.2

 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 
Total
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
Asset Category
 
 
 
 
 
 
 
 
Cash/Money Markets
 
$
4.6

 
$
4.6

 
$
—

 
$
—

Foreign Government/Treasury Securities (1)
 
9.0

 
8.3

 
0.7

 
—

Corporate Bonds, Debentures (2)
 
30.3

 
—

 
29.7

 
0.6

Equity Securities (3)
 
26.7

 
—

 
26.7

 
—

Mutual Funds
 
7.7

 
—

 
7.7

 
—

Investment and Insurance Annuity Contracts (4)
 
68.9

 
—

 
21.9

 
47.0

 
 
$
147.2

 
$
12.9

 
$
86.7

 
$
47.6


_______________________
    
(1)
Includes investments primarily in guaranteed return securities.
(2)
Includes investments in government bonds and corporate bonds of developed countries, emerging market government bonds, emerging market corporate bonds and convertible bonds.
(3)
Includes investments in equity securities of developed countries and emerging markets.
(4)
Includes certain investments with insurance companies which guarantee a minimum rate of return on the investment.
Activity of Plan Assets With Fair Value Measurement Using Significant Unobservable Inputs
Activity during the year ended December 31, 2016 for plan assets with fair value measurement using significant unobservable inputs (Level 3) was as follows (in millions):
 
 
Corporate Bonds, Debentures
 
Investment and Insurance Contracts
 
Total
Balance at December 31, 2014
 
$
0.7

 
$
51.5

 
$
52.2

Actual return on plan assets
 
(0.1
)
 
—

 
(0.1
)
Purchase, sales and settlements
 
—

 
0.6

 
0.6

Foreign currency impact
 
—

 
(5.1
)
 
(5.1
)
Balance at December 31, 2015
 
$
0.6

 
$
47.0

 
$
47.6

Actual return on plan assets
 
—

 
3.3

 
3.3

Purchase, sales and settlements
 
(0.6
)
 
(0.4
)
 
(1.0
)
Foreign currency impact
 
—

 
(2.7
)
 
(2.7
)
Balance at December 31, 2016
 
$
—

 
$
47.2

 
$
47.2
Expected Benefit Payments
The expected benefit payments for the Company's defined benefit plans by year from 2017 through 2021 and the five years thereafter are as follows (in millions):
2017
 
$
3.8

2018
 
4.9

2019
 
5.6

2020
 
7.3

2021
 
10.8

Five years thereafter
 
73.7

Total
 
$
106.1