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Employee Benefit Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Employee Benefit Plans |
Schedule of funded status of the defined benefit plans and amounts recognized in the consolidated balance sheets |
|  | December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |
|  | (in millions) |
Change in projected benefit obligation |  |  |  |  |  |  |
Balance at beginning of the year |  | $ | 121.2 |  | $ | 112.6 |
Service cost |  |  | 0.6 |  |  | 5.3 |
Administration costs paid |  |  | (0.9 | ) |  | (0.6 | )
Interest cost |  |  | 5.7 |  |  | 6.0 |
Actuarial loss |  |  | 15.6 |  |  | 13.6 |
Benefits paid |  |  | (4.2 | ) |  | (3.2 | )
Curtailment adjustment |  |  | — |  |  | (12.5 | )
Balance at end of year |  | $ | 138.0 |  | $ | 121.2 |
Change in fair value of plan assets |  |  |  |  |  |  |
Balance at beginning of the year |  | $ | 108.4 |  | $ | 90.3 |
Actual gain on assets |  |  | 11.8 |  |  | 14.1 |
Employer contributions |  |  | 0.7 |  |  | 7.8 |
Administration costs paid |  |  | (0.9 | ) |  | (0.6 | )
Benefits paid |  |  | (4.2 | ) |  | (3.2 | )
Fair value of plan assets at end of the year |  | $ | 115.8 |  | $ | 108.4 |
Funded status at end of year |  | $ | (22.2 | ) | $ | (12.8 | )
Schedule of amounts recognized in the consolidated balance sheets |
|  | December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |
|  | (in millions) |
Current liabilities |  | $ | (0.6 | ) | $ | (0.2 | )
Noncurrent liabilities |  |  | (21.6 | ) |  | (12.6 | )
Net amount recognized |  | $ | (22.2 | ) | $ | (12.8 | )
Schedule of amounts recognized in accumulated other comprehensive income |
|  | December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |
|  | (in millions) |
Net actuarial loss recognized |  | $ | 41.2 |  | $ | 31.1 |
Information for pension plans with an accumulated benefit obligation in excess of plan assets |
|  | December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |
|  | (in millions) |
Projected benefit obligation |  | $ | 138.0 |  | $ | 13.6 |
Accumulated benefit obligation |  | $ | 138.0 |  | $ | 13.6 |
Fair value of plan assets |  | $ | 115.8 |  | $ | — |
Information for pension plans with plan assets in excess of accumulated benefit obligation |
|  | December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |
|  | (in millions) |
Projected benefit obligation |  | $ | — |  | $ | 107.6 |
Accumulated benefit obligation |  | $ | — |  | $ | 107.6 |
Fair value of plan assets |  | $ | — |  | $ | 108.4 |
Schedule of the components of net periodic benefit cost |
|  | Years Ended December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |  | 2010 |
|  | (in millions) |
Service cost—benefits earned |  | $ | 0.6 |  | $ | 5.3 |  | $ | 4.6 |
Interest costs on benefits obligation |  |  | 5.7 |  |  | 6.0 |  |  | 5.7 |
Expected return on assets |  |  | (6.9 | ) |  | (7.5 | ) |  | (6.0 | )
Prior service cost amortization |  |  | — |  |  | 0.3 |  |  | 0.3 |
Net actuarial loss amortization |  |  | 0.6 |  |  | 2.7 |  |  | 2.3 |
Curtailment charge |  |  | — |  |  | 1.5 |  |  | — |
Net periodic benefit cost |  | $ | — |  | $ | 8.3 |  | $ | 6.9 |
Schedule of weighted average assumptions used to determine benefit obligations |
|  | December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |
Discount rate |  |  | 4.0 | % |  | 4.80 | %
Schedule of weighted-average assumptions used to determine net periodic benefit costs |
|  | Years Ended December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |  | 2010 |
Discount rate |  |  | 4.80 | % | 5.50%/4.70% |  |  | 6.00 | %
Long-term rate of return on assets |  |  | 6.50 | % | 7.75% |  |  | 8.50 | %
Rate of compensation increase |  |  | N/A |  | N/A |  |  | 4.00 | %
Schedule of the weighted-average asset allocations by asset category |
|  | December 31, |
--- | --- | --- | ---
Asset Category |  | 2012 |  | 2011 |
Equity securities |  |  | 9.6 | % |  | 13.4 | %
Debt securities |  |  | 85.3 |  |  | 77.4 |
Other |  |  | 5.1 |  |  | 9.2 |
Total |  |  | 100.0 | % |  | 100.0 | %
Schedule of the investments in the pension plan measured at fair value |
|  | December 31, 2012 |  | December 31, 2011 |
--- | --- | --- | --- | --- | ---
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
|  | (in millions) |
Money market funds |  | $ | 1.2 |  | $ | 0.3 |  | $ | — |  | $ | 1.5 |  | $ | — |  | $ | 4.9 |  | $ | — |  | $ | 4.9 |
Equity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. equity securities(a) |  |  | 8.3 |  |  | — |  |  | — |  |  | 8.3 |  |  | 8.0 |  |  | — |  |  | — |  |  | 8.0 |
Non-U.S. equity securities(a) |  |  | 1.4 |  |  | — |  |  | — |  |  | 1.4 |  |  | 2.3 |  |  | — |  |  | — |  |  | 2.3 |
Other equity securities(b) |  |  | 1.3 |  |  | — |  |  | — |  |  | 1.3 |  |  | 4.1 |  |  | — |  |  | — |  |  | 4.1 |
Debt securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government |  |  | 18.8 |  |  | — |  |  | — |  |  | 18.8 |  |  | 19.9 |  |  | — |  |  | — |  |  | 19.9 |
U.S. and non-U.S. corporate(c) |  |  | — |  |  | 79.0 |  |  | — |  |  | 79.0 |  |  | — |  |  | 63.3 |  |  | — |  |  | 63.3 |
Other investments(d) |  |  | 4.4 |  |  | 1.1 |  |  | — |  |  | 5.5 |  |  | 4.9 |  |  | 1.0 |  |  | — |  |  | 5.9 |
Total investments |  | $ | 35.4 |  | $ | 80.4 |  | $ | — |  | $ | 115.8 |  | $ | 39.2 |  | $ | 69.2 |  | $ | — |  | $ | 108.4 |
(a) Includes investments in common stock from diverse industries (b) Includes investments in index and exchange-traded funds (c) Includes investment grade bonds from diverse industries (d) Includes investments in real estate investment funds, exchange-traded funds, commodity mutual funds and accrued interest
Information related to the company's pension funds cash flow |
|  | December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |
|  | (in millions) |
Employer Contributions |  | $ | 0.7 |  | $ | 7.8 |
Benefit Payments |  | $ | 4.2 |  | $ | 3.2 |
Schedule of expected benefit payments to be paid by the pension plans |
|  | (in millions) |
--- | --- | --- | ---
During fiscal year ending December 31, 2013 |  | $ | 4.5 |
During fiscal year ending December 31, 2014 |  | $ | 4.9 |
During fiscal year ending December 31, 2015 |  | $ | 5.3 |
During fiscal year ending December 31, 2016 |  | $ | 5.6 |
During fiscal year ending December 31, 2017 |  | $ | 6.0 |
During fiscal years ending December 31, 2018 through December 31, 2022 |  | $ | 34.9 |

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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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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- Definition 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income or loss that have not yet been recognized as components of net periodic benefit cost, such as the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (j) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation, including assumed discount rates and rate increase in compensation increase. + References No definition available. + Details
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