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Postretirement Benefits (Tables) | 12 Months Ended
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Dec. 31, 2013
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] |
Schedule of Net Pension and Other Benefit Costs | Costs. Pension and other postretirement benefit costs included the following components for 2013, 2012 and 2011:
| Pension Benefits |  | Other Postretirement Benefits
(in millions) | 2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012 |  | 2011
Service cost | $ | 0.1 |  |  | $ | 0.2 |  |  | $ | 1.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.2 |
Interest cost | 54.0 |  |  | 57.7 |  |  | 62.4 |  |  | 1.9 |  |  | 2.4 |  |  | 3.2 |
Expected return on plan assets | (57.0 | ) |  | (55.2 | ) |  | (53.3 | ) |  | — |  |  | — |  |  | — |
Amortization of prior service costs (credits) | — |  |  | — |  |  | 0.4 |  |  | (5.7 | ) |  | (6.3 | ) |  | (5.2 | )
Amortization of net actuarial losses | 21.4 |  |  | 21.9 |  |  | 21.3 |  |  | 1.3 |  |  | 0.7 |  |  | 1.0 |
Curtailment loss | — |  |  | 0.1 |  |  | 0.3 |  |  | — |  |  | — |  |  | — |
Net pension and other benefit costs | $ | 18.5 |  |  | $ | 24.7 |  |  | $ | 32.2 |  |  | $ | (2.5 | ) |  | $ | (3.2 | ) |  | $ | (0.8 | )
Reconciliation of the Changes in Plans Benefit Obligations, Fair Value of Plan Assets, and Statement of Funded Status | A reconciliation of the changes in the benefit obligations and fair value of assets over the two-year period ending December 31, 2013, and a statement of the funded status at December 31 for these years for the Company's pension and other postretirement benefit plans follow:
| Pension Benefits |  | Other Postretirement Benefits
(in millions) | 2013 |  | 2012 |  | 2013 |  | 2012
Reconciliation of benefit obligation: |  |  |  |  |  |  |
Benefit obligation at previous December 31 | $ | 1,388.0 |  |  | $ | 1,319.3 |  |  | $ | 58.0 |  |  | $ | 69.9 |
Service cost | 0.1 |  |  | 0.2 |  |  | — |  |  | — |
Interest cost | 54.0 |  |  | 57.7 |  |  | 1.9 |  |  | 2.4 |
Participant contributions | — |  |  | — |  |  | 1.1 |  |  | 1.3 |
Actuarial (gains) losses | (116.4 | ) |  | 84.5 |  |  | (5.2 | ) |  | (5.5 | )
Benefit payments | (76.4 | ) |  | (73.7 | ) |  | (8.1 | ) |  | (9.9 | )
Plan amendments | — |  |  | — |  |  | — |  |  | (0.2 | )
Benefit obligation at December 31 | 1,249.3 |  |  | 1,388.0 |  |  | 47.7 |  |  | 58.0 |
Reconciliation of fair value of plan assets: |  |  |  |  |  |  |
Fair value of plan assets at previous December 31 | 898.6 |  |  | 795.7 |  |  | — |  |  | — |
Actual return on plan assets | 80.0 |  |  | 107.6 |  |  | — |  |  | — |
Employer contributions | 53.8 |  |  | 69.0 |  |  | 7.0 |  |  | 8.6 |
Participant contributions | — |  |  | — |  |  | 1.1 |  |  | 1.3 |
Benefit payments | (76.4 | ) |  | (73.7 | ) |  | (8.1 | ) |  | (9.9 | )
Fair value of plan assets at December 31 | 956.0 |  |  | 898.6 |  |  | — |  |  | — |
Funded status at December 31 | $ | (293.3 | ) |  | $ | (489.4 | ) |  | $ | (47.7 | ) |  | $ | (58.0 | )
Schedule of Amounts Recognized in Consolidated Balance Sheet | The amounts included in the Company's Consolidated Balance Sheets as of December 31, 2013 and 2012, were as follows:
| Pension Benefits |  | Other Postretirement Benefits
(in millions) | 2013 |  | 2012 |  | 2013 |  | 2012
Accrued expenses | $ | 3.8 |  |  | $ | 4.0 |  |  | $ | 5.8 |  |  | $ | 7.1 |
Postretirement benefit liabilities | 289.5 |  |  | 485.4 |  |  | 41.9 |  |  | 50.9 |
Net amount recognized | $ | 293.3 |  |  | $ | 489.4 |  |  | $ | 47.7 |  |  | $ | 58.0 |
Schedule of Projected and Accumulated Benefit Obligation and Fair Value of Plan Assets | The projected and accumulated benefit obligations and fair value of plan assets for the Company's qualified and nonqualified pension plans at December 31 were as follows:
(in millions) | 2013 |  | 2012
Projected benefit obligation | $ | 1,249.3 |  |  | $ | 1,388.0 |
Accumulated benefit obligation | $ | 1,249.3 |  |  | $ | 1,388.0 |
Fair value of plan assets | $ | 956.0 |  |  | $ | 898.6 |
Funded status | 77 | % |  | 65 | %
Activity Recorded in Accumulated Other Comprehensive Income or Loss | The following pretax activity related to pensions and other postretirement benefits was recorded in Accumulated other comprehensive income (loss) as of December 31:
| Pension Benefits |  | Other Postretirement Benefits
(in millions) | 2013 |  | 2012 |  | 2013 |  | 2012
Prior service costs (credits) |  |  |  |  |  |  |
Beginning balance | $ | — |  |  | $ | 0.1 |  |  | $ | (18.2 | ) |  | $ | (24.3 | )
Prior service credits arising during the period | — |  |  | — |  |  | — |  |  | (0.2 | )
Amount recognized as component of net benefit costs | — |  |  | (0.1 | ) |  | 5.7 |  |  | 6.3 |
Ending balance | — |  |  | — |  |  | (12.5 | ) |  | (18.2 | )
Net actuarial losses |  |  |  |  |  |  |
Beginning balance | 602.1 |  |  | 591.9 |  |  | 8.8 |  |  | 15.0 |
Actuarial (gains) losses arising during the period | (139.4 | ) |  | 32.1 |  |  | (5.2 | ) |  | (5.5 | )
Amount recognized as component of net benefit costs | (21.4 | ) |  | (21.9 | ) |  | (1.3 | ) |  | (0.7 | )
Ending balance | 441.3 |  |  | 602.1 |  |  | 2.3 |  |  | 8.8 |
Total | $ | 441.3 |  |  | $ | 602.1 |  |  | $ | (10.2 | ) |  | $ | (9.4 | )
Assumed Health Care Cost Trend Rates | The assumed health care cost trend rate for other postretirement benefits for pre-age 65 benefits as of December 31 was as follows:
| Pre-age 65 Benefits
| 2013 |  | 2012
Health care cost trend rate for next year | 7.3 | % |  | 7.5 | %
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) | 4.5 | % |  | 4.5 | %
Year rate reaches the ultimate trend rate | 2028 |  |  | 2028 |
Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates | A one percent change in the assumed health care trend rate at December 31, 2013, would have the following effects:
(in millions) | One Percent Increase |  | One Percent Decrease
Effect on total service and interest cost | $ | — |  |  | $ | — |
Effect on accumulated postretirement benefit obligation | $ | 0.3 |  |  | $ | (0.3 | )
Weighted-average assumptions used to determine benefit obligations and net pension and other postretirement benefit costs | Weighted average assumptions used to determine pension and other postretirement benefit obligations at December 31 were as follows:
| Pension Benefits |  | Other Postretirement Benefits
| 2013 |  | 2012 |  | 2013 |  | 2012
Discount rate | 4.85 | % |  | 4.00 | % |  | 4.40 | % |  | 3.60 | %
Rate of compensation increase(A) | — |  |  | — |  |  | — |  |  | — |
(A) Assumption used in determining pension benefit obligation only. The rate of compensation increase was reduced to 0.00% at December 31, 2008, as a result of the decision to freeze future benefit accruals for those plans where benefits are based on average compensation. Weighted average assumptions used to determine net pension and other postretirement benefit costs for the years ended December 31 were as follows:
| 2013 |  | 2012 |  | 2011
Discount rate for pension benefits(A) | 4.00% |  | 4.50% |  | 5.20%-5.30%
Discount rate for other postretirement benefits(A) | 3.60% |  | 4.20% |  | 4.65%-4.80%
Long-term rate of return on plan assets(B) | 6.50% |  | 7.00% |  | 7.25%
Rate of compensation increase(B) | — |  | — |  | —
(A) Range of discount rates in 2011 reflects the remeasurements of pension and postretirement benefit costs during the year due to negative plan amendments and curtailments recognized. (B) Assumption used in determining pension benefit cost only.
Schedule of Allocation of Plan Assets | The Trust asset allocation at December 31, 2013 and 2012, and target allocations for 2014 are as follows:
| 2013 |  | 2012 |  | Target Allocations for 2014
Equity securities: |  |  |  |  |
United States | 25% |  | 37% |  | 15%
International | 5% |  | 7% |  | 5%
Fixed-income securities | 46% |  | 49% |  | 80%
Short-term investments | 24% |  | 7% |  | —
Total | 100% |  | 100% |  | 100%
The fair values of the Trust's pension assets at December 31, 2013, by asset class were as follows:
| Fair Value Measurements at December 31, 2013 (A)
(in millions) |  |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Observable Inputs |  | Significant Unobservable Inputs
Asset Class | Total |  | (Level 1) |  | (Level 2) |  | (Level 3)
Short-term investments | $ | 237.0 |  |  | $ | — |  |  | $ | 237.0 |  |  | $ | — |
Equity securities: (B) |  |  |  |  |  |  |
United States | 243.8 |  |  | — |  |  | 243.8 |  |  | — |
International | 46.8 |  |  | — |  |  | 46.8 |  |  | — |
Fixed-income securities: |  |  |  |  |  |  |
Government securities (C) | 70.2 |  |  | 27.8 |  |  | 42.4 |  |  | — |
Corporate securities (D) | 157.0 |  |  | — |  |  | 157.0 |  |  | — |
Commingled funds (E) | 208.0 |  |  | — |  |  | 208.0 |  |  | — |
Other investments (F) | 9.0 |  |  | — |  |  | 9.0 |  |  | — |
Total pension assets at fair value | 971.8 |  |  | $ | 27.8 |  |  | $ | 944.0 |  |  | $ | — |
Other liabilities (G) | (15.8 | ) |  |  |  |  |  |
Total pension plan net assets | $ | 956.0 |  |  |  |  |  |  |
(A) See Note 6 – Fair Value Measurements for a description of levels within the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement is classified is determined based on the lowest level input that is significant to the fair value measurement in its entirety. A description of the valuation methodologies is provided following these tables. There were no transfers in and/or out of Level 1, Level 2 and Level 3 in 2013. (B) The equity assets are invested in two indexed funds based on the Russell 3000 Index (U.S.) and the MSCI EAFE Equity Index (International). The Trust did not directly own any of the Company's common stock as of December 31, 2013. (C) Government securities are comprised of U.S. Treasury bonds and other government securities. (D) Corporate securities consist primarily of investment grade bonds issued by companies in diversified industries. (E) This class includes commingled funds that primarily invest in investment grade corporate securities and government-related securities. This class also includes investments in non-agency collateralized mortgage obligation and mortgage-backed securities, futures and options. (F) Other investments consist primarily of interest rate swaps. (G) This class includes interest receivable and receivables/payables for securities sold/purchased. The fair values of the Trust's pension assets at December 31, 2012, by asset class were as follows:
| Fair Value Measurements at December 31, 2012 (A)
(in millions) |  |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Observable Inputs |  | Significant Unobservable Inputs
Asset Class | Total |  | (Level 1) |  | (Level 2) |  | (Level 3)
Short-term investments | $ | 62.0 |  |  | $ | 0.1 |  |  | $ | 61.9 |  |  | $ | — |
Equity securities: (B) |  |  |  |  |  |  |
United States | 336.7 |  |  | — |  |  | 336.7 |  |  | — |
International | 60.6 |  |  | — |  |  | 60.6 |  |  | — |
Fixed-income securities: |  |  |  |  |  |  |
Government securities (C) | 146.5 |  |  | 102.7 |  |  | 43.8 |  |  | — |
Corporate securities (D) | 117.5 |  |  | — |  |  | 117.5 |  |  | — |
Commingled funds (E) | 174.2 |  |  | — |  |  | 174.2 |  |  | — |
Total pension assets at fair value | 897.5 |  |  | $ | 102.8 |  |  | $ | 794.7 |  |  | $ | — |
Other assets (F) | 1.1 |  |  |  |  |  |  |
Total pension plan net assets | $ | 898.6 |  |  |  |  |  |  |
(A) See Note 6 – Fair Value Measurements for a description of levels within the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement is classified is determined based on the lowest level input that is significant to the fair value measurement in its entirety. A description of the valuation methodologies is provided following these tables. There were no transfers in and/or out of Level 1, Level 2 and Level 3 in 2012. (B) The equity assets are invested in two indexed funds based on the Russell 3000 Index (U.S.) and the MSCI EAFE Equity Index (International). The Trust did not directly own any of the Company's common stock as of December 31, 2012. (C) Government securities are comprised primarily of U.S. Treasury bonds and other government securities. (D) Corporate securities consist primarily of investment grade bonds issued by companies in diversified industries. (E) This class includes commingled funds that primarily invest in investment grade corporate securities and government-related securities. This class also includes investments in non-agency collateralized mortgage obligation and mortgage-backed securities, futures and options. (F) This class includes interest receivable and receivables/payables for securities sold/purchased.
Schedule of Expected Cash Flows | The expected cash flows for the Company's pension and other postretirement benefit plans follow:
(in millions) | Pension Benefits |  | Other Postretirement Benefits
Company contributions expected to be made in 2014 (A) | $ | 55.8 |  |  | $ | 5.8 |
Expected benefit payments (which reflect future service): |  |  |
2014 | $ | 80.6 |  |  | $ | 5.8 |
2015 | $ | 82.1 |  |  | $ | 5.3 |
2016 | $ | 83.1 |  |  | $ | 4.8 |
2017 | $ | 83.8 |  |  | $ | 4.4 |
2018 | $ | 84.1 |  |  | $ | 4.1 |
2019-2023 | $ | 419.1 |  |  | $ | 15.4 |
(A) The Company currently anticipates contributing approximately $52.0 million to fund the qualified pension plans and approximately $3.8 million to cover benefit payments in the unfunded, nonqualified pension plan in 2014. Company contributions are subject to change based on market conditions or Company discretion.

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- Definition Tabular disclosure of the reconciliation of the changes in plans' benefit obligations, fair value of plan assets, and statement of funded status for the entity's pension and other postretirement benefit plans. + References No definition available. + Details
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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. Also includes the expected entity's contribution to pension plans and/or other employee benefit plans the next fiscal year. + References No definition available. + Details
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- Definition 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. + 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 (d)(5) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
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- Definition 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. + 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
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- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + 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 (i) -URI http://asc.fasb.org/extlink&oid=28361610&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 and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + 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 (k) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the effect of a one-percentage-point increase and the effect of a one-percentage-point decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs and the accumulated postretirement benefit obligation for health care 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 (m) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the assumed health care cost trend rates for the next year used to measure the expected cost of benefits covered by the plans, including the ultimate trend rate(s) and when that rate is expected to be achieved. + 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 (l) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
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