v3.7.0.1

Pension Plans (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2017

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Schedule of the Funded Status of the Non-U.S. Plans

The following sets forth the funded status of our non-U.S. plans as of the most recent actuarial valuations using measurement dates of December 31 ($ in millions):

		2016				2015
Change in pension benefit obligation:
Benefit obligation at beginning of year		$	326.9			$	375.1
Service cost			3.5				4.9
Interest cost			7.4				8.4
Employee contributions			1.5				1.1
Benefits paid and other			(12.8	)			(10.4	)
Plan combinations/acquisitions			2.8				(5.9	)
Actuarial loss (gain)			32.2				(17.0	)
Amendments, settlements and curtailments			(1.6	)			(1.7	)
Foreign exchange rate impact			(24.5	)			(27.6	)
Benefit obligation at end of year			335.4				326.9
Change in plan assets:
Fair value of plan assets at beginning of year			196.7				214.9
Actual return on plan assets			17.9				(0.4	)
Employer contributions			10.7				10.8
Employee contributions			1.5				1.1
Amendments and settlements			(0.5	)			(1.7	)
Benefits paid and other			(12.8	)			(10.4	)
Plan combinations/acquisitions			1.8				(3.4	)
Foreign exchange rate impact			(17.2	)			(14.2	)
Fair value of plan assets at end of year			198.1				196.7
Funded status		$	(137.3	)		$	(130.2	)

Schedule of Weighted Average Assumptions Used

Weighted average assumptions used to determine benefit obligations at date of measurement

		2016				2015
Discount rate			1.91	%			2.65	%
Rate of compensation increase			2.89	%			2.77	%

.

Weighted average assumptions used to determine net periodic pension cost at date of measurement

		2016				2015
Discount rate			2.63	%			2.41	%
Expected return on plan assets			4.19	%			4.30	%
Rate of compensation increase			2.77	%			2.83	%

Schedule of Net Periodic Pension Costs

The following sets forth the components of our net periodic pension costs associated with these plans ($ in millions):

		Three Months Ended
		March 31, 2017				April 1, 2016
Service cost		$	1.0			$	0.8
Interest cost			1.4				1.9
Expected return on plan assets			(1.8	)			(2.0	)
Amortization of net loss			1.1				1.3
Net periodic pension cost		$	1.7			$	2.0

Components of net periodic pension cost

($ in millions)		2016				2015
Service cost		$	3.5			$	4.9
Interest cost			7.4				8.4
Expected return on plan assets			(8.1	)			(8.9	)
Amortization of net loss			5.5				6.9
Net periodic pension cost		$	8.3			$	11.3

Schedule of Fair Value of Pension Plan Assets

The fair values of our pension plan assets as of December 31, 2016, by asset category were as follows ($ in millions):

		Quoted Prices in Active Market (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
Cash and equivalents		$	4.4			$	—			$	—			$	4.4
Fixed income securities:
Corporate bonds			—				0.3				—				0.3
Mutual funds			—				7.7				—				7.7
Insurance contracts			—				1.4				—				1.4
Total		$	4.4			$	9.4			$	—			$	13.8
Investments measured at NAV(a):
Mutual funds															179.8
Other private investments															4.5
Total assets at fair value														$	198.1

^(a) The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total fair value of plan assets.

The fair values of our pension plan assets as of December 31, 2015, by asset category were as follows ($ in millions):

		Quoted Prices in Active Market (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
Cash and equivalents		$	2.9			$	—			$	—			$	2.9
Fixed income securities:
Corporate bonds			—				(0.1	)			—				(0.1	)
Mutual funds			—				7.5				—				7.5
Insurance contracts			—				1.5				—				1.5
Total		$	2.9			$	8.9			$	—			$	11.8
Investments measured at NAV(a):
Mutual funds															179.6
Other private investments															5.3
Total assets at fair value														$	196.7

^(a)  The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total fair value of plan assets.

Schedule of Expected Benefit Payments

The following sets forth benefit payments to participants, which reflect expected future service, as appropriate, expected to be paid by the plans in the periods indicated ($ in millions):

2017		$	12.0
2018			12.4
2019			12.4
2020			12.7
2021			12.7
2022-2026			68.9

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Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
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Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
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Tabular disclosure of the aggregate benefit obligation and aggregate fair value of plan assets for pension plans and/or other employee benefit plans with benefit obligations in excess of plan assets as of the measurement date.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
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-Section 50
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- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

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-Name Accounting Standards Codification
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