XML 149 R51.htm IDEA: XBRL DOCUMENT v2.4.0.8
Postretirement Benefits Other Than Pensions (Tables) (Other Postretirement Benefit Plan, Defined Benefit [Member])
12 Months Ended
Dec. 31, 2013
Other Postretirement Benefit Plan, Defined Benefit [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Changes in Fair Value of Plan Assets
Changes in Fair Value of Plan Assets and Changes in Accumulated Postretirement Benefit Obligation for the years ended December 31, 2013 and 2012 were:
DOLLARS IN MILLIONS
 
 
2013
 
2012
Fair Value of Plan Assets at Beginning of Year
 
$

 
$

Employer Contributions
 
2.9

 
3.0

Plan Participants’ Contributions
 
1.2

 
1.0

Benefits Paid
 
(4.1
)
 
(4.0
)
Fair Value of Plan Assets at End of Year
 

 

Accumulated Postretirement Benefit Obligation at Beginning of Year
 
42.8

 
44.7

Service Cost
 
0.2

 
0.2

Interest Cost
 
1.2

 
1.6

Plan Participants’ Contributions
 
1.2

 
1.0

Benefits Paid
 
(4.1
)
 
(4.0
)
Medicare Part D Subsidy Received
 

 
1.0

Actuarial Gains
 
(6.2
)
 
(5.5
)
Obligations Transferred Into Plan
 

 
3.8

Accumulated Postretirement Benefit Obligation at End of Year
 
35.1

 
42.8

Funded Status—Accumulated Postretirement Benefit Obligation in Excess of Plan Assets
 
$
(35.1
)
 
$
(42.8
)
 
 
 
 
 
Actuarial Gain Recognized in Accumulated Other Comprehensive Income
 
$
18.4

 
$
13.4

Schedule of Assumptions Used
The weighted-average discount rate and rate of increase in future compensation levels used to develop OPEB Expense for the years ended December 31, 2013, 2012 and 2011 were:
 
 
2013
 
2012
 
2011
Discount Rate
 
3.15
%
 
4.25
%
 
4.40
%
Rate of Increase in Future Compensation Levels
 
2.10

 
2.10

 
1.50

The weighted-average discount rate and rate of increase in future compensation levels used to develop the components of the Accumulated Postretirement Benefit Obligation at December 31, 2013 and 2012 were:
 
 
2013
 
2012
Discount Rate
 
4.00
%
 
3.15
%
Rate of Increase in Future Compensation Levels
 
2.10

 
2.10

Schedule of Comprehensive Other Postretirement Employee Benefit Expense
The components of Comprehensive OPEB (Income) Expense for the years ended December 31, 2013, 2012 and 2011 were:
DOLLARS IN MILLIONS
 
2013
 
2012
 
2011
Service Cost Earned During the Year
 
$
0.2

 
$
0.2

 
$
0.1

Interest Cost on Accumulated Postretirement Benefit Obligation
 
1.2

 
1.6

 
1.9

Amortization of Actuarial Gain
 
(1.2
)
 
(1.2
)
 
(0.6
)
OPEB Expense Recognized in Consolidated Statements of Income
 
0.2

 
0.6

 
1.4

Unrecognized OPEB (Gain) Loss Arising During the Year
 
(6.2
)
 
(5.5
)
 
4.4

Amortization of Accumulated Unrecognized OPEB Gain
 
1.2

 
1.2

 
0.6

Comprehensive OPEB (Income) Expense
 
$
(4.8
)
 
$
(3.7
)
 
$
6.4

Schedule of Expected Benefit Payments
The following benefit payments (net of participant contributions), which consider expected future service, as appropriate, are expected to be paid:
DOLLARS IN MILLIONS
 
Years Ending December 31,
2014
 
2015
 
2016
 
2017
 
2018
 
2019-2023
Benefit Payments:
 
 
 
 
 
 
 
 
 
 
 
 
Excluding Medicare Part D Subsidy
 
$
4.1

 
$
4.2

 
$
4.2

 
$
4.1

 
$
3.9

 
$
16.4

Expected Medicare Part D Subsidy
 
(0.4
)
 
(0.4
)
 
(0.4
)
 
(0.4
)
 
(0.4
)
 
(2.0
)
Net Benefit Payments
 
$
3.7

 
$
3.8

 
$
3.8

 
$
3.7

 
$
3.5

 
$
14.4