XML 74 R72.htm IDEA: XBRL DOCUMENT v2.4.0.8
Pension Plans and Other Postretirement Benefits (Details 2)
 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended
Dec. 31, 2013
Pension Benefits [Member]
Dec. 31, 2012
Pension Benefits [Member]
Dec. 31, 2011
Pension Benefits [Member]
Oct. 31, 2013
Pension Benefits [Member]
Benefit changes [Member]
Oct. 29, 2013
Pension Benefits [Member]
Benefit changes [Member]
May 08, 2011
Pension Benefits [Member]
Benefit changes [Member]
May 10, 2011
Pension Benefits [Member]
Benefit changes [Member]
Series of Individually Immaterial Business Acquisitions [Member]
Dec. 31, 2013
Pension Benefits [Member]
Minimum [Member]
Dec. 31, 2012
Pension Benefits [Member]
Minimum [Member]
Dec. 31, 2011
Pension Benefits [Member]
Minimum [Member]
Dec. 31, 2011
Pension Benefits [Member]
Minimum [Member]
Series of Individually Immaterial Business Acquisitions [Member]
Dec. 31, 2013
Pension Benefits [Member]
Maximum [Member]
Dec. 31, 2012
Pension Benefits [Member]
Maximum [Member]
Dec. 31, 2011
Pension Benefits [Member]
Maximum [Member]
Dec. 31, 2013
Other Postretirement Benefits [Member]
Dec. 31, 2012
Other Postretirement Benefits [Member]
Dec. 31, 2011
Other Postretirement Benefits [Member]
Aug. 01, 2011
Other Postretirement Benefits [Member]
Benefit changes [Member]
May 08, 2011
Other Postretirement Benefits [Member]
Benefit changes [Member]
May 10, 2011
Other Postretirement Benefits [Member]
Benefit changes [Member]
Series of Individually Immaterial Business Acquisitions [Member]
Dec. 31, 2011
Other Postretirement Benefits [Member]
Minimum [Member]
Series of Individually Immaterial Business Acquisitions [Member]
Dec. 31, 2011
Other Postretirement Benefits [Member]
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]                                            
Discount rate   5.00% [1],[2]   4.95% 4.25% 5.80% 5.45% 4.25% [1],[2]     5.45% [1],[2] 4.95% [1],[2]   5.80% [1],[2] 4.25% [1],[2] 5.00% [1],[2]     5.80% 5.45% 5.45% [1],[2] 5.80% [1],[2]
Rate of increase in future compensation levels               3.00% 3.00% 2.50%   3.50% 4.50% 4.50% 0.00% 0.00% 0.00%          
Expected long-term rate of return on assets 8.25% 8.50% 8.50%                       8.30% 8.30% 8.30%          
Discount rate due to change in benefits                                   0.055        
[1] Pension and other postretirement benefit expense for 2011 was initially measured at a 5.8% discount rate. The Ladish pension and other postretirement benefit plans acquired on May 9, 2011 were valued using a 5.45% discount rate. Certain other postretirement benefit plan obligations were remeasured as of August 1, 2011 using a 5.5% discount rate as a result of benefit changes.
[2] Pension expense for 2013 was initially measured at a 4.25% discount rate. The U.S. qualified pension plan was remeasured using a 4.95% discount rate as of October 31, 2013, following the sale of the tungsten materials business.