XML 83 R45.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Retirement Plans and Other Post-Retirement Benefits (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Compensation And Retirement Disclosure [Abstract] |
Retirement Plan is Partially Funded and Claims are Paid as Reported | Claims are paid as reported.
|  | Pension Benefits |  |  | Other Benefits |
In millions |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Change in Benefit Obligation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  | $ | 528.4 |  |  | $ | 470.2 |  |  | $ | 63.0 |  |  | $ | 56.8 |
Service cost |  |  | 11.6 |  |  |  | 11.3 |  |  |  | 2.9 |  |  |  | 2.8 |
Interest cost |  |  | 21.8 |  |  |  | 23.0 |  |  |  | 2.1 |  |  |  | 2.4 |
Plan amendments |  |  | – |  |  |  | 5.5 |  |  |  | – |  |  |  | – |
Participant contributions |  |  | – |  |  |  | – |  |  |  | 1.4 |  |  |  | 1.4 |
Actuarial (gain)/loss |  |  | (43.6 | ) |  |  | 46.7 |  |  |  | (10.5 | ) |  |  | 4.2 |
Benefits paid |  |  | (30.5 | ) |  |  | (28.3 | ) |  |  | (4.1 | ) |  |  | (4.6 | )
Balance at end of year |  | $ | 487.7 |  |  | $ | 528.4 |  |  | $ | 54.8 |  |  | $ | 63.0 |
Change in Plan Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  | $ | 545.7 |  |  | $ | 498.2 |  |  | $ | – |  |  | $ | 5.3 |
Actual return on plan assets |  |  | 84.2 |  |  |  | 68.1 |  |  |  | – |  |  |  | 0.6 |
Total contributions |  |  | 1.8 |  |  |  | 1.8 |  |  |  | 4.1 |  |  |  | 4.6 |
Benefits paid |  |  | (30.5 | ) |  |  | (28.3 | ) |  |  | (4.1 | ) |  |  | (4.6 | )
Intra plan transfers |  |  | – |  |  |  | 5.9 |  |  |  | – |  |  |  | (5.9 | )
Fair value of plan assets at end of year |  |  | 601.2 |  |  |  | 545.7 |  |  |  | – |  |  |  | – |
Funded status at end of year |  | $ | 113.5 |  |  | $ | 17.3 |  |  | $ | (54.8 | ) |  | $ | (63.0 | )
Summary of Amounts Recognized in Consolidated Balance Sheets | Amounts recognized in the consolidated balance sheets consist of the following as of December 31:
|  | Pension Benefits |  |  | Other Benefits |
In millions |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Other long-term assets |  | $ | 148.9 |  |  | $ | 53.7 |  |  | $ | – |  |  | $ | – |
Current liabilities |  |  | (2.3 | ) |  |  | (2.0 | ) |  |  | (4.0 | ) |  |  | (4.2 | )
Other long-term liabilities |  |  | (33.1 | ) |  |  | (34.4 | ) |  |  | (50.8 | ) |  |  | (58.8 | )
Net amount recognized |  | $ | 113.5 |  |  | $ | 17.3 |  |  | $ | (54.8 | ) |  | $ | (63.0 | )
Components of Amounts Recognized as Accumulated Other Comprehensive Income on Pre-Tax Basis | The components of amounts recognized as “Accumulated other comprehensive income” consist of the following on a pre-tax basis:
|  | Pension Benefits |  |  | Other Benefits |
In millions |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Prior service cost/(credit) |  | $ | 14.8 |  |  | $ | 17.9 |  |  | $ | (1.4 | ) |  | $ | (1.9 | )
Net actuarial loss |  |  | 131.9 |  |  |  | 237.6 |  |  |  | 1.4 |  |  |  | 12.6 |
Weighted-Average Assumptions Used in Computing Benefit Obligations | The weighted-average assumptions used in computing the benefit obligations above were as follows:
|  | Pension Benefits |  |  | Other Benefits |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Discount rate – benefit obligation |  |  | 5.20 | % |  |  | 4.28 | % |  |  | 4.52 | % |  |  | 3.58 | %
Future compensation growth rate |  |  | 4.00 |  |  |  | 4.00 |  |  |  | – |  |  |  | – |
Information for Pension Plans with Accumulated Benefit Obligation in Excess of Plan Assets | Information for pension plans with an accumulated benefit obligation in excess of plan assets was as follows:
In millions |  |  | 2013 |  |  |  | 2012 |
Projected benefit obligation |  | $ | 35.4 |  |  | $ | 36.4 |
Accumulated benefit obligation |  |  | 31.6 |  |  |  | 32.0 |
Fair value of plan assets |  |  | – |  |  |  | – |
Schedule of Pension and Post Retirement Medical Benefit Plans | Net periodic benefit cost includes the following components:
|  | Year Ended December 31 |
In millions |  |  | 2013 |  |  |  | 2012 |  |  |  | 2011 |
Pension Benefits |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | 11.6 |  |  | $ | 11.3 |  |  | $ | 10.3 |
Interest cost |  |  | 21.8 |  |  |  | 23.0 |  |  |  | 24.2 |
Expected return on plan assets |  |  | (43.4 | ) |  |  | (42.2 | ) |  |  | (42.0 | )
Amortization of prior service cost |  |  | 3.1 |  |  |  | 2.5 |  |  |  | 2.6 |
Amortization of actuarial loss |  |  | 21.1 |  |  |  | 17.0 |  |  |  | 13.3 |
One-time settlement charge |  |  | – |  |  |  | – |  |  |  | 2.0 |
Total net periodic benefit cost |  | $ | 14.2 |  |  | $ | 11.6 |  |  | $ | 10.4 |
Other Benefits |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | 2.9 |  |  | $ | 2.8 |  |  | $ | 2.9 |
Interest cost |  |  | 2.1 |  |  |  | 2.4 |  |  |  | 2.8 |
Expected return on plan assets |  |  | – |  |  |  | (0.5 | ) |  |  | (0.5 | )
Amortization of prior service cost/(credit) |  |  | (0.5 | ) |  |  | (0.9 | ) |  |  | (1.2 | )
Amortization of actuarial loss |  |  | 0.6 |  |  |  | 0.7 |  |  |  | 0.9 |
Total net periodic benefit cost |  | $ | 5.1 |  |  | $ | 4.5 |  |  | $ | 4.9 |
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss) | Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) were as follows:
|  | Year Ended December 31 |  |  |
In millions |  | 2013 |  |  | 2012 |  |  |
Pension Benefits |  |  |  |  |  |  |  |  |  |
Actuarial (gain) loss |  | $ | (84.7 | ) |  | $ | 20.6 |  |  |
Prior service cost |  |  | – |  |  |  | 5.5 |  |  |
Amortization of prior service cost |  |  | (3.1 | ) |  |  | (2.5 | ) |  |
Amortization of actuarial losses |  |  | (21.1 | ) |  |  | (17.0 | ) |  |
Total recognized in other comprehensive (income) loss |  |  | (108.9 | ) |  |  | 6.6 |  |  |
Total recognized in net periodic benefit cost and other comprehensive (income) loss |  | $ | (94.7 | ) |  | $ | 18.2 |  |  |
Other Benefits |  |  |  |  |  |  |  |  |  |
Actuarial (gain) loss |  | $ | (10.5 | ) |  | $ | 4.0 |  |  |
Amortization of prior service cost |  |  | 0.5 |  |  |  | 0.9 |  |  |
Amortization of actuarial losses |  |  | (0.6 | ) |  |  | (0.7 | ) |  |
Total recognized in other comprehensive (income) loss |  |  | (10.6 | ) |  |  | 4.2 |  |  |
Total recognized in net periodic benefit cost and other comprehensive (income) loss |  | $ | (5.5 | ) |  | $ | 8.7 |  |  |
Schedule of Defined Benefit Plan Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost | The weighted-average assumptions used in computing the net periodic benefit (income) cost information above were as follows:
|  | Year Ended December 31 |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Pension Benefits |  |  |  |  |  |  |  |  |  |  |  |
Discount rate – benefit expense |  |  | 4.28 | % |  |  | 5.09 | % |  |  | 5.81 | %
Future compensation growth rate |  |  | 4.00 |  |  |  | 4.00 |  |  |  | 4.00 |
Expected long-term rate of return on plan assets |  |  | 8.50 |  |  |  | 8.50 |  |  |  | 8.50 |
Other Benefits |  |  |  |  |  |  |  |  |  |  |  |
Discount rate – benefit expense |  |  | 3.58 | % |  |  | 4.45 | % |  |  | 5.12 | %
Expected long-term rate of return on plan assets |  |  | – |  |  |  | 8.50 |  |  |  | 8.50 |
Schedule of Health Care Cost Trend Rates Used in Calculating Benefit Obligations | Assumed health care cost trend rates used to determine benefit obligations at December 31 were as follows:
|  | 2013 |  |  | 2012 |
Health care cost trend rate assumed for next year |  |  | 7.46 | % |  |  | 7.68 | %
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) |  |  | 4.50 |  |  |  | 4.50 |
Year that the rate reaches the ultimate rate |  |  | 2028 |  |  |  | 2028 |
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates | Assumed health care cost trend rates have a significant effect on the amounts reported for health care plans. A one percentage-point change in assumed health care cost trend rates would have the following effects:
|  | One Percentage Point |
In millions |  | Increase |  |  | Decrease |
Effect on: |  |  |  |  |  |  |  |
Post-retirement benefit obligation |  | $ | 4.5 |  |  | $ | (4.0 | )
Total of service and interest cost components |  |  | 0.6 |  |  |  | (0.5 | )
Schedule of Target Allocation for Plan Assets | Risk is minimized by diversification by asset class, by style of each manager and by sector and industry limits when applicable. The target allocation during 2013 for the Plan assets are:
Domestic Equity |  |  |  |
Large cap |  |  | 39 | %
Small and mid cap |  |  | 13 |
International equity |  |  | 13 |
Real Estate Investment Trusts (REIT) |  |  | 5 |
Fixed income, cash and cash equivalents |  |  | 30 |
Schedule of Fair Value of Benefit Plan Assets | The table below presents the fair values of our benefit plan assets by level within the fair value hierarchy, as described in Note 2:
|  | Fair Value Measurements at December 31, 2013 |
In millions |  |  | Total |  |  |  | Level 1 |  |  |  | Level 2 |  |  |  | Level 3 |
Domestic equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Large cap |  | $ | 204.6 |  |  | $ | 204.6 |  |  | $ | – |  |  | $ | – |
Small and mid cap |  |  | 68.1 |  |  |  | 68.1 |  |  |  | – |  |  |  | – |
International equity |  |  | 114.3 |  |  |  | 73.7 |  |  |  | 40.6 |  |  |  | – |
REIT |  |  | 25.9 |  |  |  | 25.9 |  |  |  | – |  |  |  | – |
Fixed income |  |  | 171.6 |  |  |  | 40.4 |  |  |  | 131.2 |  |  |  | – |
Cash and equivalents |  |  | 16.7 |  |  |  | – |  |  |  | 16.7 |  |  |  | – |
Total |  | $ | 601.2 |  |  | $ | 412.7 |  |  | $ | 188.5 |  |  | $ | – |
|  | Fair Value Measurements at December 31, 2012 |
In millions |  |  | Total |  |  |  | Level 1 |  |  |  | Level 2 |  |  |  | Level 3 |
Domestic equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Large cap |  |  | $169.6 |  |  |  | $169.6 |  |  | $ | – |  |  | $ | – |
Small and mid cap |  |  | 65.7 |  |  |  | 65.7 |  |  |  | – |  |  |  | – |
Other |  |  | 1.1 |  |  |  | 0.8 |  |  |  | 0.3 |  |  |  | – |
International equity |  |  | 100.3 |  |  |  | 61.9 |  |  |  | 38.4 |  |  |  | – |
REIT |  |  | 25.4 |  |  |  | 25.4 |  |  |  | – |  |  |  | – |
Fixed income |  |  | 164.9 |  |  |  | 27.2 |  |  |  | 137.7 |  |  |  | – |
Cash and equivalents |  |  | 18.7 |  |  |  | – |  |  |  | 18.7 |  |  |  | – |
Total |  | $ | 545.7 |  |  | $ | 350.6 |  |  | $ | 195.1 |  |  | $ | – |
Benefit Payments Expected under Non-Qualified Pension Plans and Other Benefit Plans | Benefit payments expected to be made in 2014 under our non-qualified pension plans and other benefit plans are summarized below:
In thousands |  |  |  |
Nonqualified pension plans |  | $ | 2,257 |
Other benefit plans |  |  | 4,032 |
Summary of Benefit Expected to be Paid Out | The following benefit payments under all pension and other benefit plans, and giving effect to expected future service, as appropriate, are expected to be paid:
In thousands |  |  | Pension Benefits |  |  |  | Other Benefits |
2014 |  | $ | 33,920 |  |  | $ | 4,032 |
2015 |  |  | 33,961 |  |  |  | 4,006 |
2016 |  |  | 34,060 |  |  |  | 4,287 |
2017 |  |  | 34,265 |  |  |  | 4,736 |
2018 |  |  | 33,928 |  |  |  | 4,994 |
2019 through 2023 |  |  | 179,439 |  |  |  | 27,542 |

X
- Definition Schedule of defined benefit plan weighted average assumptions used in calculating net. + References No definition available. + Details
Name: | glt_ScheduleOfDefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostTableTextBlock
Namespace Prefix: | glt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of defined benefits plan change in benefit obligation and change in fair value of plan assets table text block. + References No definition available. + Details
Name: | glt_ScheduleOfDefinedBenefitsPlanChangeInBenefitObligationAndChangeInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | glt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of expected benefit payments under non qualified pension plans and other benefit plans table text block. + References No definition available. + Details
Name: | glt_ScheduleOfExpectedBenefitPaymentsUnderNonQualifiedPensionPlansAndOtherBenefitPlansTableTextBlock
Namespace Prefix: | glt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of amounts recognized in the consolidated balance sheets. + References No definition available. + Details
Name: | glt_SummaryOfAmountsRecognizedInConsolidatedBalanceSheetsTableTextBlock
Namespace Prefix: | glt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e2417-114920 + Details
Name: | us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
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 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
Name: | us-gaap_ScheduleOfEffectOfOnePercentagePointChangeInAssumedHealthCareCostTrendRatesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets of pension plans and/or other employee benefit plans for the period. + 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)(4) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfEffectOfSignificantUnobservableInputsChangesInPlanAssetsTableTextBlock
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 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
Name: | us-gaap_ScheduleOfHealthCareCostTrendRatesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration