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Employee Retirement Plans (Tables) | 12 Months Ended
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Dec. 31, 2018
Retirement Benefits [Abstract] |
Schedule of Net Benefit Costs | The components of net pension income for the years ended December 31, 2018, 2017 and 2016, were as follows:
| Pension Benefits
| 2018 |  | 2017 |  | 2016
Interest cost | $ | (16.0 | ) |  | $ | (17.3 | ) |  | $ | (18.1 | )
Expected return on plan assets | 28.4 |  |  | 27.7 |  |  | 30.2 |
Net periodic benefit income | 12.4 |  |  | 10.4 |  |  | 12.1 |
Settlement charge | — |  |  | (0.8 | ) |  | (7.0 | )
Net pension income | $ | 12.4 |  |  | $ | 9.6 |  |  | $ | 5.1 |
Schedule of Defined Benefit Plans Disclosures | The following table provides a reconciliation of the projected benefit obligation, fair value of plan assets and the funded status of the pension plans as of December 31, 2018 and 2017:
| Pension Benefits
| 2018 |  | 2017
Changes in benefit obligation |  |  |
Projected benefit obligation, beginning of year | $ | (538.9 | ) |  | $ | (560.6 | )
Interest cost | (16.0 | ) |  | (17.3 | )
Actuarial gain (loss) | 34.2 |  |  | (17.2 | )
Benefits paid | 44.3 |  |  | 54.3 |
Liability benefit from lump-sum settlement | — |  |  | 1.9 |
Projected benefit obligation, end of year | (476.4 | ) |  | (538.9 | )
Changes in plan assets |  |  |
Fair value of plan assets, beginning of year | 454.8 |  |  | 446.4 |
Actual return (loss) on plan assets | (23.7 | ) |  | 61.7 |
Employer contributions | 7.0 |  |  | 1.0 |
Benefits paid | (44.3 | ) |  | (54.3 | )
Fair value of plan assets, end of year | 393.8 |  |  | 454.8 |
Funded status | $ | (82.6 | ) |  | $ | (84.1 | )
Schedule of Amounts Recognized in Balance Sheet | Amounts recognized on the consolidated balance sheets as of December 31, 2018 and 2017, were as follows:
| Pension Benefits
| 2018 |  | 2017
Current liabilities | $ | (1.7 | ) |  | $ | (1.7 | )
Noncurrent liabilities | (80.9 | ) |  | (82.4 | )
Total amount recognized | $ | (82.6 | ) |  | $ | (84.1 | )
Reconciliation of Accumulated Other Comprehensive Income (Loss) Prior to Any Deferred Tax Effects | The following table provides a reconciliation of the Company’s accumulated other comprehensive loss prior to any deferred tax effects at December 31, 2018 and 2017:
| Pension Benefits
| Actuarial Gain / (Loss), net
Balance at January 1, 2017 | $ | (34.7 | )
Amount arising during the period | 18.7 |
Impact of pension plan settlement charge included in net earnings (loss) | 0.8 |
Balance at December 31, 2017 | (15.2 | )
Amount arising during the period | (18.1 | )
Balance at December 31, 2018 | $ | (33.3 | )
Schedule of Assumptions Used | The weighted average assumptions used to determine net periodic benefit costs for the years ended December 31, 2018, 2017 and 2016, were as follows:
| Pension Benefits
| 2018 |  | 2017 |  | 2016
Discount rate | 3.52 | % |  | 3.91 | % |  | 3.32 | %
Expected long-term return on plan assets | 6.50 | % |  | 6.50 | % |  | 6.50 | %
The weighted average assumptions used to determine pension benefit obligations at December 31, 2018 and 2017, were as follows:
| Pension Benefits
| 2018 |  | 2017
Discount rate (end of year rate) | 4.22 | % |  | 3.52 | %
Schedule of Expected Benefit Payments | An estimate of the Plans’ present value of future benefit payments to be made from funded qualified plans and unfunded non-qualified plans to plan participants at December 31, 2018, were as follows:
| Future Pension Benefit Payments
2019 | $ | 40.4 |
2020 | 38.8 |
2021 | 38.0 |
2022 | 36.8 |
2023 | 35.3 |
2024 – 2028 | 160.7 |
Thereafter | 126.4 |
Total | $ | 476.4 |
Schedule of Allocation of Plan Assets | The fair values of the Company’s pension plan assets at December 31, 2018 and 2017, by asset category were as follows:
|  | December 31, 2018 |  | December 31, 2017
Asset Category |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Cash and cash equivalents |  | $ | 2.7 |  |  | $ | 2.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 2.6 |  |  | $ | 2.6 |  |  | $ | — |  |  | $ | — |
Debt securities |  | 113.9 |  |  | — |  |  | 113.9 |  |  | — |  |  | 118.4 |  |  | — |  |  | 118.4 |  |  | — |
Equity securities |  | 26.4 |  |  | — |  |  | 26.4 |  |  | — |  |  | 40.0 |  |  | — |  |  | 40.0 |  |  | — |
|  | 143.0 |  |  | $ | 2.7 |  |  | $ | 140.3 |  |  | $ | — |  |  | 161.0 |  |  | $ | 2.6 |  |  | $ | 158.4 |  |  | $ | — |
Investments measured at net asset value (“NAV”) (1) |  | 250.8 |  |  |  |  |  |  |  |  | 293.8 |  |  |  |  |  |  |
|  | $ | 393.8 |  |  |  |  |  |  |  |  | $ | 454.8 |  |  |  |  |  |  |
______________________________
(1) | These investments consist of privately placed funds that are valued based on NAV. NAV of the funds is based on the fair value of each fund’s underlying investments. In accordance with ASC Subtopic 820-10, certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.
Schedule of Fair Value Measurements in Collective Trusts [Table Text Block] | The fair value measurements in common/collective trusts, calculated using a NAV and their redemption restrictions, for the years ended December 31, 2018 and 2017, are as follows:
| Fair Value |  | Redemption Frequency (If Currently Eligible) |  | Redemption Notice Period
| 2018 |  | 2017 |
JP Morgan Chase Bank Strategic Property Fund | $ | 18.0 |  |  | $ | 23.3 |  |  | Quarterly |  | 30 days
Pyramis Long Corporate A or Better | 78.6 |  |  | 73.9 |  |  | Daily |  | 15 days
Pyramis Long Duration | 79.2 |  |  | 73.5 |  |  | Daily |  | 15 days
Russell 3000 Index NL | 75.0 |  |  | 123.1 |  |  | Daily |  | 1 day
Total value of investments measured at NAV | $ | 250.8 |  |  | $ | 293.8 |  |  |  |  |

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