XML 138 R122.htm IDEA: XBRL DOCUMENT v3.3.1.900
Commitments and Contingencies - Additional Information (Detail)
$ / shares in Units, € in Millions, $ in Millions
1 Months Ended 12 Months Ended
Jun. 13, 2014
USD ($)
$ / shares
shares
Apr. 04, 2014
Feb. 03, 2014
USD ($)
shares
May. 25, 2010
EUR (€)
Mar. 31, 2007
shares
Feb. 28, 2002
USD ($)
Dec. 31, 2015
USD ($)
shares
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Dec. 31, 2002
USD ($)
shares
Jul. 03, 2014
EUR (€)
Sep. 19, 2008
Trust
Loss Contingencies [Line Items]                        
Original number of shares expected to be issued under settlement agreement, adjusted | shares         18,000,000              
Registration rights agreement dated     Feb. 03, 2014                  
Cash payment for settlements from cash and cash equivalents     $ 555.0                  
Cash payment for settlements from borrowings     260.0                  
Cash payment for settlements from receivables securitization     115.0                  
Common stock repurchase value             $ 1,265.7 $ 481.4 [1],[2],[3]        
Number of common stock shares repurchased | shares             16,100,000          
Date of shelf registration statement filed and became effective   Apr. 04, 2014                    
Settlement agreement (as defined therein) and tax deduction             $ 1,490.0          
Original number of shares expect to be issued under settlement agreement | shares                   9,000,000    
Charge covering a cash payment that will be required to make under settlement agreement upon the effectiveness of an appropriate plan of reorganization                   $ 513.0    
Adjustment of company's common stock that is charged and expected to be issued under settlement agreement             To eighteen million shares upon the two-for-one stock split in March 2007          
Percentage of annual interest that accrues on Settlement agreement charges from December 21, 2002 to the date of payment                   5.50%    
Stock split ratio         2              
Establishment of asbestos trust under Section 524(g) | Trust                       2
Charges accrued for potential liabilities           $ 172.0            
Loss contingency liability             $ 11.0       € 10  
Charges related to development grant matter               14.0        
Principal contractual obligations including agreements to purchase an estimated amount of goods, including raw materials, or services             416.1          
Net rental expense             $ 62.0 $ 71.0 $ 79.0      
Italian Ministry of Economic Development [Member] | Italy [Member]                        
Loss Contingencies [Line Items]                        
Repayment of grant monies | €       € 5                
WRG Asbestos PI Trust and WRG Asbestos PD Trust [Member]                        
Loss Contingencies [Line Items]                        
Cash payments under settlement agreement     $ 929.7                  
WRG Asbestos PI Trust [Member]                        
Loss Contingencies [Line Items]                        
Original number of shares expected to be issued under settlement agreement, adjusted | shares     18,000,000                  
Common stock repurchase value $ 130.0                      
Number of common stock shares repurchased | shares 3,932,244                      
Common stock repurchase price per share | $ / shares $ 33.06                      
[1] As of December 31, 2015, we have adopted ASU 2015-17 which resulted in a decrease in deferred tax assets of $105.6 million, an increase in non-current deferred tax assets of $17.0 million, a decrease in current deferred tax liabilities of $4.8 million and a decrease in non-current deferred tax liabilities of $83.8 million as of December 31, 2014.
[2] During the fourth quarter of 2015, we completed the sale of our European food trays business. During the fourth quarter of 2015, the assets and liabilities met the criteria of held for sale classification. Accordingly, we reclassified $37 million of assets and $7 million of liabilities as held for sale as of December 31, 2014. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details. Certain foreign currency translation adjustments were misclassified within the components of Accumulated Other Comprehensive Income on the Consolidated Balance Sheets. Additionally, we reclassified $13 million from accounts payable to short-term borrowings related to extended payment terms on a vendor agreement and $36 million from cash to other assets related to cash used as collateral for borrowing agreements. See Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” under the heading “Reclassifications and Revisions” for further discussion of the revisions.
[3] During the second quarter of 2015, we completed the sale of our North American foam trays and absorbent pads business. During the first quarter of 2015, the assets and liabilities met the criteria of held for sale classification. Accordingly, we reclassified $42 million of assets and $6 million of liabilities as held for sale as of December 31, 2014. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.