XML 114 R34.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Pensions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items] |
Postretirement Benefits | The following table summarizes net periodic pension expense for U.S. and non-U.S. benefit plans:
| U.S. Benefit Plan |  | Non-U.S. Benefit Plans
(in millions) | 2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012 |  | 2011
Company-sponsored plans: |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.3 |  |  | $ | 0.2 |  |  | $ | 0.1 |
Interest cost | 7.3 |  |  | 7.4 |  |  | 7.4 |  |  | 2.5 |  |  | 2.6 |  |  | 2.9 |
Expected return on plan assets | (8.8 | ) |  | (8.1 | ) |  | (7.2 | ) |  | (2.6 | ) |  | (2.6 | ) |  | (3.3 | )
Amortization of actuarial loss | 7.5 |  |  | 5.5 |  |  | 4.5 |  |  | 0.9 |  |  | 0.8 |  |  | 0.9 |
Total company-sponsored plans | 6.0 |  |  | 4.8 |  |  | 4.7 |  |  | 1.1 |  |  | 1.0 |  |  | 0.6 |
Multi-employer plans | 0.2 |  |  | 0.3 |  |  | 0.3 |  |  | — |  |  | — |  |  | — |
Net periodic pension expense | $ | 6.2 |  |  | $ | 5.1 |  |  | $ | 5.0 |  |  | $ | 1.1 |  |  | $ | 1.0 |  |  | $ | 0.6 |
Summary of Changes in Projected Benefit Obligation | The following table summarizes the changes in the projected benefit obligation and plan assets:
| U.S. Benefit Plan |  | Non-U.S. Benefit Plans
(in millions) | 2013 |  | 2012 |  | 2013 |  | 2012
Benefit obligation, beginning of year | $ | 179.7 |  |  | $ | 156.6 |  |  | $ | 65.6 |  |  | $ | 57.1 |
Service cost | — |  |  | — |  |  | 0.3 |  |  | 0.2 |
Interest cost | 7.3 |  |  | 7.7 |  |  | 2.5 |  |  | 2.6 |
Actuarial (gain) loss | (17.6 | ) |  | 22.4 |  |  | (5.3 | ) |  | 5.9 |
Benefits and expenses paid | (10.1 | ) |  | (7.0 | ) |  | (3.1 | ) |  | (2.9 | )
Translation and other | — |  |  | — |  |  | 1.0 |  |  | 2.7 |
Benefit obligation, end of year | $ | 159.3 |  |  | $ | 179.7 |  |  | $ | 61.0 |  |  | $ | 65.6 |
Accumulated benefit obligation, end of year | $ | 157.3 |  |  | $ | 177.2 |  |  | $ | 60.4 |  |  | $ | 65.6 |
Summary of Change in Plan Assets | The following summarizes the changes in the fair value of plan assets:
| U.S. Benefit Plan |  | Non-U.S. Benefit Plans
(in millions) | 2013 |  | 2012 |  | 2013 |  | 2012
Fair value of plan assets, beginning of year | $ | 112.2 |  |  | $ | 97.0 |  |  | $ | 54.8 |  |  | $ | 47.9 |
Actual return on plan assets | 20.5 |  |  | 13.0 |  |  | 7.6 |  |  | 5.3 |
Company contribution | 6.8 |  |  | 9.2 |  |  | 1.7 |  |  | 2.3 |
Benefits and expenses paid | (10.1 | ) |  | (7.0 | ) |  | (3.1 | ) |  | (2.9 | )
Translation and other | — |  |  | — |  |  | 1.4 |  |  | 2.2 |
Fair value of plan assets, end of year | $ | 129.4 |  |  | $ | 112.2 |  |  | $ | 62.4 |  |  | $ | 54.8 |
Summary of Pension Assets in Three-Tier Fair Value Hierarchy for Benefit Plan | The following summarizes the Company’s pension assets in a three-tier fair value hierarchy for its benefit plans:
| U. S. Benefit Plan
| 2013 |  | 2012
(in millions) | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash and cash equivalents | $ | 2.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 2.9 |  |  | $ | 3.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 3.7 |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Large Cap | 37.1 |  |  | — |  |  | — |  |  | 37.1 |  |  | 32.7 |  |  | — |  |  | — |  |  | 32.7 |
U.S. Small and Mid Cap | 15.3 |  |  | — |  |  | — |  |  | 15.3 |  |  | 11.9 |  |  | — |  |  | — |  |  | 11.9 |
Federal Signal common stock | 13.6 |  |  | — |  |  | — |  |  | 13.6 |  |  | 7.1 |  |  | — |  |  | — |  |  | 7.1 |
Developed international | 9.6 |  |  | 0.1 |  |  | — |  |  | 9.7 |  |  | 6.6 |  |  | — |  |  | — |  |  | 6.6 |
Emerging markets | 2.7 |  |  | — |  |  | — |  |  | 2.7 |  |  | 4.5 |  |  | — |  |  | — |  |  | 4.5 |
Fixed income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government securities | 6.8 |  |  | — |  |  | — |  |  | 6.8 |  |  | 5.7 |  |  | — |  |  | — |  |  | 5.7 |
Asset-backed securities | — |  |  | 3.5 |  |  | — |  |  | 3.5 |  |  | — |  |  | 5.9 |  |  | — |  |  | 5.9 |
Mutual funds | 18.0 |  |  | — |  |  | — |  |  | 18.0 |  |  | 12.2 |  |  | — |  |  | — |  |  | 12.2 |
Other investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds | 19.8 |  |  | — |  |  | — |  |  | 19.8 |  |  | 21.9 |  |  | — |  |  | — |  |  | 21.9 |
Total assets at fair value | $ | 125.8 |  |  | $ | 3.6 |  |  | $ | — |  |  | $ | 129.4 |  |  | $ | 106.3 |  |  | $ | 5.9 |  |  | $ | — |  |  | $ | 112.2 |
| Non-U. S. Benefit Plans
| 2013 |  | 2012
(in millions) | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash | $ | 10.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 10.7 |  |  | $ | 10.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 10.6 |
Equity securities | 6.3 |  |  | 36.9 |  |  | — |  |  | 43.2 |  |  | 4.8 |  |  | 29.7 |  |  | — |  |  | 34.5 |
Fixed income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government securities | 4.0 |  |  | — |  |  | — |  |  | 4.0 |  |  | 4.1 |  |  | — |  |  | — |  |  | 4.1 |
Corporate bonds | 4.5 |  |  | — |  |  | — |  |  | 4.5 |  |  | 5.6 |  |  | — |  |  | — |  |  | 5.6 |
Total assets at fair value | $ | 25.5 |  |  | $ | 36.9 |  |  | $ | — |  |  | $ | 62.4 |  |  | $ | 25.1 |  |  | $ | 29.7 |  |  | $ | — |  |  | $ | 54.8 |
Funded Status | The following summarizes the funded status of the Company-sponsored plans:
| U.S. Benefit Plan |  | Non-U.S. Benefit Plans
(in millions) | 2013 |  | 2012 |  | 2013 |  | 2012
Fair value of plan assets | $ | 129.4 |  |  | $ | 112.2 |  |  | $ | 62.4 |  |  | $ | 54.8 |
Benefit obligations | 159.3 |  |  | 179.7 |  |  | 61.0 |  |  | 65.6 |
Funded status | $ | (29.9 | ) |  | $ | (67.5 | ) |  | $ | 1.4 |  |  | $ | (10.8 | )
Components of Amounts Recognized in Accumulated Other Comprehensive Income | The following summarizes the amounts recognized within our consolidated balance sheets:
| U.S. Benefit Plan |  | Non-U.S. Benefit Plans
(in millions) | 2013 |  | 2012 |  | 2013 |  | 2012
Amounts recognized in the balance sheet include: |  |  |  |  |  |  |
Deferred charges and other assets | $ | — |  |  | $ | — |  |  | $ | 2.5 |  |  | $ | — |
Long term pension liabilities | (29.9 | ) |  | (67.5 | ) |  | (1.1 | ) |  | (10.8 | )
Net (liability) asset recorded | $ | (29.9 | ) |  | $ | (67.5 | ) |  | $ | 1.4 |  |  | $ | (10.8 | )
Amounts recognized in accumulated other comprehensive loss include: |  |  |  |  |  |  |
Net actuarial loss | $ | 54.7 |  |  | $ | 91.5 |  |  | $ | 15.6 |  |  | $ | 26.8 |
Net amount recognized, pre-tax | $ | 54.7 |  |  | $ | 91.5 |  |  | $ | 15.6 |  |  | $ | 26.8 |
Benefits Expected to be Paid under Defined Benefit Plans | The following summarizes the benefits expected to be paid under the Company’s defined benefit plans in each of the next five years, and in aggregate for the five years thereafter:
(in millions) | U.S. Benefit Plan |  | Non-U.S. Benefit Plans
2014 | $ | 8.0 |  |  | $ | 2.7 |
2015 | 8.6 |  |  | 2.8 |
2016 | 8.5 |  |  | 2.9 |
2017 | 9.1 |  |  | 3.0 |
2018 | 9.8 |  |  | 3.1 |
2019-2023 | 52.7 |  |  | 16.9 |
Pension Plans, Defined Benefit |
Defined Benefit Plan Disclosure [Line Items] |
Summary of Weighted-Average Assumptions Used | The following table summarizes the weighted-average assumptions used in determining pension costs:
| U.S. Benefit Plan |  | Non-U.S. Benefit Plans
| 2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012 |  | 2011
Discount rate | 4.2 | % |  | 5.0 | % |  | 5.8 | % |  | 4.1 | % |  | 4.6 | % |  | 5.4 | %
Rate of increase in compensation levels | 3.5 | % |  | 3.5 | % |  | 3.5 | % |  | — |  |  | — |  |  | — |
Expected long term rate of return on plan assets | 7.9 | % |  | 8.1 | % |  | 8.2 | % |  | 5.1 | % |  | 5.3 | % |  | 6.5 | %
Defined Benefit Obligations [Member] |
Defined Benefit Plan Disclosure [Line Items] |
Summary of Weighted-Average Assumptions Used | The following table summarizes the weighted-average assumptions used in determining benefit obligations as of December 31:
| U.S. Benefit Plan |  | Non-U.S. Benefit Plans
| 2013 |  | 2012 |  | 2013 |  | 2012
Discount rate | 5.1 | % |  | 4.2 | % |  | 4.5 | % |  | 4.1 | %
Rate of increase in compensation levels | 3.5 | % |  | 3.5 | % |  | — |  |  | — |

X
- Definition Defined Benefit Plan Weighted Average Assumptions Used in Calculating Benefit Obligation + References No definition available. + Details
Name: | fss_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingBenefitObligationTableTextBlock
Namespace Prefix: | fss_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Plan Assets Using Fair Value Hierarchy Table + References No definition available. + Details
Name: | fss_PlanAssetsUsingFairValueHierarchyTableTextBlock
Namespace Prefix: | fss_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Weighted Average Assumptions To Determine Net Periodic Pension Cost Table + References No definition available. + Details
Name: | fss_ScheduleOfWeightedAverageAssumptionsToDetermineNetPeriodicPensionCostTableTextBlock
Namespace Prefix: | fss_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DefinedBenefitPlanDisclosureLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. + 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 (b) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + 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 (a) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in plan assets and benefit obligations recognized in other comprehensive income (loss) during the period. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=32704760&loc=d3e4179-114921 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e2439-114920 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e2410-114920 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=28361610&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of net funded status of pension plans and/or other employee benefit plans. + 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 (c) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetFundedStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration