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Retirement Benefits (Tables) | 12 Months Ended
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Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items] |
Reconciliation of Changes in Benefit Obligations and Fair Value of Plan Assets | The following table provides a reconciliation of the changes in the benefit obligations and fair value of plan assets over the two-year period ended December 31, 2016, and a statement of the funded status at December 31 for both years.
| Pension Benefits |  | Other Benefits
| 2016 |  | 2015 |  | 2016 |  | 2015
| U.S. |  | Non-U.S. |  | U.S. |  | Non-U.S. |  |  |  |
| (In thousands)
CHANGE IN BENEFIT OBLIGATION
Obligation at January 1 | $ | 98,476 |  |  | $ | 58,063 |  |  | $ | 102,312 |  |  | $ | 69,488 |  |  | $ | 20,400 |  |  | $ | 22,855 |
Service cost | 1,016 |  |  | 1,627 |  |  | 1,279 |  |  | 1,506 |  |  | 601 |  |  | 673 |
Interest cost | 3,043 |  |  | 1,429 |  |  | 3,770 |  |  | 1,734 |  |  | 811 |  |  | 833 |
Plan amendments | — |  |  | — |  |  | 113 |  |  | — |  |  | — |  |  | — |
Benefits paid | (3,140 | ) |  | (2,023 | ) |  | (3,985 | ) |  | (2,448 | ) |  | (718 | ) |  | (622 | )
Actuarial loss (gain) | 1,987 |  |  | 6,844 |  |  | (5,013 | ) |  | (6,909 | ) |  | (1,990 | ) |  | (2,966 | )
Currency translation | — |  |  | (6,988 | ) |  | — |  |  | (5,308 | ) |  | 52 |  |  | (373 | )
Settlements | (11,126 | ) |  | (819 | ) |  | — |  |  | — |  |  | — |  |  | — |
Acquisition/Divestiture | — |  |  | 29,491 |  |  | — |  |  | — |  |  | 5,480 |  |  | — |
Other | — |  |  | 140 |  |  | — |  |  | — |  |  | — |  |  | — |
Obligation at December 31 | $ | 90,256 |  |  | $ | 87,764 |  |  | $ | 98,476 |  |  | $ | 58,063 |  |  | $ | 24,636 |  |  | $ | 20,400 |
CHANGE IN PLAN ASSETS |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at January 1 | $ | 77,575 |  |  | $ | 20,645 |  |  | $ | 79,687 |  |  | $ | 22,152 |  |  | $ | — |  |  | $ | — |
Actual return on plan assets | 6,740 |  |  | 2,470 |  |  | (2,587 | ) |  | 205 |  |  | — |  |  | — |
Employer contributions | 3,639 |  |  | 1,974 |  |  | 4,460 |  |  | 1,837 |  |  | 718 |  |  | 622 |
Benefits paid | (3,140 | ) |  | (2,023 | ) |  | (3,985 | ) |  | (2,448 | ) |  | (718 | ) |  | (622 | )
Currency translation | — |  |  | (4,108 | ) |  | — |  |  | (1,101 | ) |  | — |  |  | — |
Settlements | (11,126 | ) |  | (819 | ) |  | — |  |  | — |  |  | — |  |  | — |
Acquisition/Divestiture | — |  |  | 14,307 |  |  | — |  |  | — |  |  | — |  |  | — |
Other | — |  |  | 140 |  |  | — |  |  | — |  |  | — |  |  | — |
Fair value of plan assets at December 31 | $ | 73,688 |  |  | $ | 32,586 |  |  | $ | 77,575 |  |  | $ | 20,645 |  |  | $ | — |  |  | $ | — |
Funded status at December 31 | $ | (16,568 | ) |  | $ | (55,178 | ) |  | $ | (20,901 | ) |  | $ | (37,418 | ) |  | $ | (24,636 | ) |  | $ | (20,400 | )
COMPONENTS ON THE CONSOLIDATED BALANCE SHEETS
Current liabilities | $ | (729 | ) |  | $ | (1,005 | ) |  | $ | (743 | ) |  | $ | (875 | ) |  | $ | (1,044 | ) |  | $ | (911 | )
Other noncurrent liabilities | (15,839 | ) |  | (54,173 | ) |  | (20,158 | ) |  | (36,543 | ) |  | (23,592 | ) |  | (19,489 | )
Net liability at December 31 | $ | (16,568 | ) |  | $ | (55,178 | ) |  | $ | (20,901 | ) |  | $ | (37,418 | ) |  | $ | (24,636 | ) |  | $ | (20,400 | )
Weighted Average Assumptions Used in Measurement of Benefit Obligation | The weighted average assumptions used in the measurement of the Company’s benefit obligation at December 31, 2016 and 2015 were as follows:
| U.S. Plans |  | Non-U.S. Plans
| 2016 |  | 2015 |  | 2016 |  | 2015
Discount rate | 3.91 | % |  | 4.12 | % |  | 1.76 | % |  | 2.99 | %
Rate of compensation increase | 4.00 | % |  | 4.00 | % |  | 2.29 | % |  | 2.98 | %
Pretax Amounts Recognized in Accumulated Other Comprehensive Income (Loss) | The pretax amounts recognized in Accumulated other comprehensive income (loss) on the Consolidated Balance Sheets as of December 31, 2016 and 2015 were as follows:
| Pension Benefits |  | Other Benefits
| 2016 |  | 2015 |  | 2016 |  | 2015
| U.S. |  | Non-U.S. |  | U.S. |  | Non-U.S |  |  |  |
| (In thousands)
Prior service cost (credit) | $ | 110 |  |  | $ | (77 | ) |  | $ | 135 |  |  | $ | (38 | ) |  | $ | (849 | ) |  | $ | (1,215 | )
Net loss | 27,860 |  |  | (17,643 | ) |  | 33,461 |  |  | 15,330 |  |  | (3,852 | ) |  | (2,197 | )
Total | $ | 27,970 |  |  | $ | (17,720 | ) |  | $ | 33,596 |  |  | $ | 15,292 |  |  | $ | (4,701 | ) |  | $ | (3,412 | )
Amounts in Accumulated Other Comprehensive Income (Loss) Expected to Be Recognized as Components of Net Periodic Benefit Cost During 2012 | The amounts in Accumulated other comprehensive income (loss) on the Consolidated Balance Sheet as of December 31, 2016, that are expected to be recognized as components of net periodic benefit cost during 2017 are as follows:
| U.S. Pension Benefit Plans |  | Non-U.S. Pension Benefit Plans |  | Other Benefit Plans |  | Total
| (In thousands)
Prior service cost (credit) | $ | 24 |  |  | $ | 9 |  |  | $ | (366 | ) |  | $ | (333 | )
Net loss | 2,542 |  |  | 1,493 |  |  | (427 | ) |  | 3,608 |
Total | $ | 2,566 |  |  | $ | 1,502 |  |  | $ | (793 | ) |  | $ | 3,275 |
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost of Plans |
| U.S. Plans |  | Non-U.S. Plans
| 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015 |  | 2014
Discount rate | 4.12 | % |  | 3.78 | % |  | 4.61 | % |  | 2.99 | % |  | 2.66 | % |  | 4.03 | %
Expected return on plan assets | 6.50 | % |  | 6.50 | % |  | 7.00 | % |  | 4.58 | % |  | 5.19 | % |  | 5.83 | %
Rate of compensation increase | 4.00 | % |  | 4.00 | % |  | 4.00 | % |  | 2.98 | % |  | 3.00 | % |  | 3.14 | %
Pension Plan Weighted Average Asset Allocations | The Company’s pension plan weighted average asset allocations at December 31, 2016 and 2015, by asset category, were as follows:
| U.S. Plans |  | Non-U.S. Plans
| 2016 |  | 2015 |  | 2016 |  | 2015
Equity securities | 44 | % |  | 49 | % |  | 24 | % |  | 36 | %
Fixed income securities | 43 | % |  | 49 | % |  | 26 | % |  | 44 | %
Cash/Commingled Funds/Other (1) | 13 | % |  | 2 | % |  | 50 | % |  | 20 | %
Total | 100 | % |  | 100 | % |  | 100 | % |  | 100 | %
Summary of Basis Used to Measure Defined Benefit Plans' Assets at Fair Value | The basis used to measure the defined benefit plans’ assets at fair value at December 31, 2016 and 2015 is summarized as follows:
| Basis of Fair Value Measurement
| Outstanding Balances |  | Level 1 |  | Level 2 |  | Level 3
As of December 31, 2016 | (In thousands)
Equity |  |  |  |  |  |  |
U.S. Large Cap | $ | 15,345 |  |  | $ | 15,345 |  |  | $ | — |  |  | $ | — |
U.S. Small / Mid Cap | 8,920 |  |  | 7,111 |  |  | 1,809 |  |  | — |
International | 16,282 |  |  | 10,647 |  |  | 5,635 |  |  | — |
Fixed Income |  |  |  |  |  |  |
U.S. Intermediate | 10,014 |  |  | 9,943 |  |  | 71 |  |  | — |
U.S. Short Duration | 10,160 |  |  | 10,160 |  |  | — |  |  | — |
U.S. High Yield | 9,343 |  |  | 7,924 |  |  | 1,419 |  |  | — |
International | 10,310 |  |  | 3,627 |  |  | 6,683 |  |  | — |
Other Commingled Funds (1) | 14,180 |  |  | — |  |  | — |  |  | 14,180 |
Cash and Equivalents | 10,382 |  |  | 9,660 |  |  | 722 |  |  | — |
Other | 1,338 |  |  | — |  |  | 1,338 |  |  | — |
| $ | 106,274 |  |  | $ | 74,417 |  |  | $ | 17,677 |  |  | $ | 14,180 |
(1) Other commingled funds represent pooled institutional investments in non-U.S. plans.
| Basis of Fair Value Measurement
| Outstanding Balances |  | Level 1 |  | Level 2 |  | Level 3
As of December 31, 2015 | (In thousands)
Equity |  |  |  |  |  |  |
U.S. Large Cap | $ | 23,465 |  |  | $ | 23,465 |  |  | $ | — |  |  | $ | — |
U.S. Small / Mid Cap | 10,184 |  |  | 7,482 |  |  | 2,702 |  |  | — |
International | 11,986 |  |  | 7,786 |  |  | 4,200 |  |  | — |
Fixed Income |  |  |  |  |  |  |
U.S. Intermediate | 15,000 |  |  | 15,000 |  |  | — |  |  | — |
U.S. Short Duration | 8,935 |  |  | 8,935 |  |  | — |  |  | — |
U.S. High Yield | 7,758 |  |  | 6,922 |  |  | 836 |  |  | — |
International | 15,249 |  |  | 7,241 |  |  | 8,008 |  |  | — |
Cash and Equivalents | 1,829 |  |  | 1,829 |  |  | — |  |  | — |
Other | 3,836 |  |  | — |  |  | 3,836 |  |  | — |
| $ | 98,242 |  |  | $ | 78,660 |  |  | $ | 19,582 |  |  | $ | — |
Net Periodic Benefit Cost |
Defined Benefit Plan Disclosure [Line Items] |
Pretax Amounts Recognized in Accumulated Other Comprehensive Income (Loss) | The pretax change recognized in Accumulated other comprehensive income (loss) on the Consolidated Balance Sheet in 2016 is as follows:
| Pension Benefits |  | Other Benefits
| U.S. |  | Non-U.S. |  |
| (In thousands)
Net gain (loss) in current year | $ | (23 | ) |  | $ | (5,367 | ) |  | $ | 1,990 |
Prior service cost | — |  |  | — |  |  | — |
Amortization of prior service cost (credit) | 24 |  |  | (15 | ) |  | (366 | )
Amortization of net loss (gain) | 6,541 |  |  | 1,239 |  |  | (340 | )
Exchange rate effect on amounts in OCI | — |  |  | 1,468 |  |  | 5 |
Total | $ | 6,542 |  |  | $ | (2,675 | ) |  | $ | 1,289 |
Pension Plans |
Defined Benefit Plan Disclosure [Line Items] |
Components of Net Periodic Benefit Cost for Defined Benefit Plans and Other Postretirement Plans | The components of, and the weighted average assumptions used to determine, the net periodic benefit cost for the plans in 2016, 2015 and 2014 are as follows:
| Pension Benefits
| 2016 |  | 2015 |  | 2014
| U.S. |  | Non-U.S. |  | U.S. |  | Non-U.S. |  | U.S. |  | Non-U.S.
| (In thousands)
Service cost | $ | 1,016 |  |  | $ | 1,627 |  |  | $ | 1,279 |  |  | $ | 1,506 |  |  | $ | 1,162 |  |  | $ | 1,331 |
Interest cost | 3,043 |  |  | 1,429 |  |  | 3,770 |  |  | 1,734 |  |  | 4,037 |  |  | 2,345 |
Expected return on plan assets | (4,777 | ) |  | (993 | ) |  | (4,910 | ) |  | (1,114 | ) |  | (5,430 | ) |  | (1,297 | )
Settlement loss recognized | 3,339 |  |  | 215 |  |  | — |  |  | — |  |  | — |  |  | — |
Net amortization | 3,226 |  |  | 1,008 |  |  | 3,422 |  |  | 1,931 |  |  | 2,187 |  |  | 1,400 |
Net periodic benefit cost | $ | 5,847 |  |  | $ | 3,286 |  |  | $ | 3,561 |  |  | $ | 4,057 |  |  | $ | 1,956 |  |  | $ | 3,779 |
Other Postretirement Benefit Plans |
Defined Benefit Plan Disclosure [Line Items] |
Components of Net Periodic Benefit Cost for Defined Benefit Plans and Other Postretirement Plans |
| Other Benefits
| 2016 |  | 2015 |  | 2014
| (In thousands)
Service cost | $ | 601 |  |  | $ | 673 |  |  | $ | 714 |
Interest cost | 811 |  |  | 833 |  |  | 932 |
Net amortization | (705 | ) |  | (414 | ) |  | (474 | )
Net periodic benefit cost | $ | 707 |  |  | $ | 1,092 |  |  | $ | 1,172 |

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