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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

Employee Benefit Plans

Schedule of funded status of the defined benefit plans and amounts recognized in the consolidated balance sheets

		December 31,
		2013			2012
		(in millions)
Change in projected benefit obligation
Balance at beginning of the year		$	138.0		$	121.2
Service cost			0.5			0.6
Administration costs paid			(0.8	)		(0.9	)
Interest cost			5.4			5.7
Actuarial (gain) loss			(12.5	)		15.6
Benefits paid			(4.3	)		(4.2	)
​	​	​	​	​	​	​	​
Balance at end of year		$	126.3		$	138.0
​	​	​	​	​	​	​	​
Change in fair value of plan assets
Balance at beginning of the year		$	115.8		$	108.4
Actual (loss) gain on assets			(7.7	)		11.8
Employer contributions			0.7			0.7
Administration costs paid			(0.8	)		(0.9	)
Benefits paid			(4.3	)		(4.2	)
​	​	​	​	​	​	​	​
Fair value of plan assets at end of the year		$	103.7		$	115.8
​	​	​	​	​	​	​	​
Funded status at end of year		$	(22.6	)	$	(22.2	)
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Schedule of amounts recognized in the consolidated balance sheets

		December 31,
		2013			2012
		(in millions)
Current liabilities		$	(0.6	)	$	(0.6	)
Noncurrent liabilities			(22.0	)		(21.6	)
​	​	​	​	​	​	​	​
Net amount recognized		$	(22.6	)	$	(22.2	)
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Schedule of amounts recognized in accumulated other comprehensive income

		December 31,
		2013			2012
		(in millions)
Net actuarial loss recognized		$	42.2		$	41.2
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Information for pension plans with an accumulated benefit obligation in excess of plan assets

		December 31,
		2013			2012
		(in millions)
Projected benefit obligation		$	126.3		$	138.0
Accumulated benefit obligation		$	126.3		$	138.0
Fair value of plan assets		$	103.7		$	115.8

Schedule of the components of net periodic benefit cost

		Years Ended December 31,
		2013			2012			2011
		(in millions)
Service cost—benefits earned		$	0.5		$	0.6		$	5.3
Interest costs on benefits obligation			5.4			5.7			6.0
Expected return on assets			(6.8	)		(6.9	)		(7.5	)
Prior service cost amortization			—			—			0.3
Net actuarial loss amortization			1.0			0.6			2.7
Curtailment charge			—			—			1.5
​	​	​	​	​	​	​	​	​	​	​
Net periodic benefit cost		$	0.1		$	—		$	8.3
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

Schedule of weighted average assumptions used to determine benefit obligations

		December 31,
		2013			2012
Discount rate			4.9	%		4.0	%

Schedule of weighted-average assumptions used to determine net periodic benefit costs

		Years Ended December 31,
		2013			2012			2011
Discount rate			4.0	%		4.8	%	5.50%/4.70%
Long-term rate of return on assets			6.0	%		6.50	%	7.75%

Schedule of the weighted average asset allocations by asset category

		December 31,
Asset Category		2013			2012
Equity securities			9.4	%		9.6	%
Debt securities			85.1			85.3
Other			5.5			5.1
​	​	​	​	​	​	​	​
Total			100.0	%		100.0	%
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Schedule of the investments in the pension plan measured at fair value

		December 31, 2013												December 31, 2012
		Level 1			Level 2			Level 3			Total			Level 1			Level 2			Level 3			Total
		(in millions)
Money market funds		$	2.0		$	—		$	—		$	2.0		$	1.2		$	0.3		$	—		$	1.5
Equity securities
U.S. equity securities(a)			7.6			—			—			7.6			8.3			—			—			8.3
Non-U.S. equity securities(a)			1.3			—			—			1.3			1.4			—			—			1.4
Other equity securities(b)			0.7			—			—			0.7			1.3			—			—			1.3
Debt securities
U.S. government			16.5			—			—			16.5			18.8			—			—			18.8
U.S. and non-U.S. corporate(c)			—			70.9			—			70.9			—			79.0			—			79.0
Other investments(d)			4.7			—			—			4.7			4.4			1.1			—			5.5
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total investments		$	32.8		$	70.9		$	—		$	103.7		$	35.4		$	80.4		$	—		$	115.8
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

(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,
		2013			2012
		(in millions)
Employer Contributions		$	0.7		$	0.7
Benefit Payments		$	4.3		$	4.2

Schedule of expected benefit payments to be paid by the pension plans

		(in millions)
During fiscal year ending December 31, 2014		$	5.2
During fiscal year ending December 31, 2015		$	5.5
During fiscal year ending December 31, 2016		$	5.8
During fiscal year ending December 31, 2017		$	6.1
During fiscal year ending December 31, 2018		$	6.4
During fiscal years ending December 31, 2019 through December 31, 2023		$	37.3

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Tabular disclosure of accumulated benefit obligations and fair values of plan assets of pension plans and/or other employee benefit plans where the accumulated benefit obligation exceeds the fair value of plan assets.

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

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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.

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Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized.

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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.

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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.

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Tabular disclosure of net funded status of pension plans and/or other employee benefit plans.

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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.

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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.

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Tabular disclosure of the entity's pension funds cash flows, which may include employer contributions and benefit payments.

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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 actual allocation of plan assets and target allocations by asset class.

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