XML 23 R11.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Pension and Postretirement Benefits | 3 Months Ended
--- | ---
Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract] |
Pension and Postretirement Benefits | Pension and Postretirement Benefits Net periodic pension expense for the three months ended March 31, 2017 and 2016 is presented below:
|  | Three Months Ended March 31, 2017 |  | Three Months Ended March 31, 2016
|  | Total |  | U.S. Plans |  | Int’l. Plans |  | Total |  | U.S. Plans |  | Int’l. Plans
Service cost |  | $ | 1.6 |  |  | $ | — |  |  | $ | 1.6 |  |  | $ | 1.8 |  |  | $ | — |  |  | $ | 1.8 |
Interest cost |  | 69.9 |  |  | 52.5 |  |  | 17.4 |  |  | 80.5 |  |  | 57.6 |  |  | 22.9 |
Expected return on plan assets |  | (89.4 | ) |  | (58.8 | ) |  | (30.6 | ) |  | (99.4 | ) |  | (63.4 | ) |  | (36.0 | )
Amortization of prior service benefit |  | (1.3 | ) |  | (0.6 | ) |  | (0.7 | ) |  | (1.4 | ) |  | (0.6 | ) |  | (0.8 | )
Recognized net actuarial loss |  | 43.7 |  |  | 30.9 |  |  | 12.8 |  |  | 38.8 |  |  | 28.7 |  |  | 10.1 |
Net periodic pension expense |  | $ | 24.5 |  |  | $ | 24.0 |  |  | $ | 0.5 |  |  | $ | 20.3 |  |  | $ | 22.3 |  |  | $ | (2.0 | )
In 2017, the company expects to make cash contributions of approximately $128.3 million to its worldwide defined benefit pension plans, which are comprised of $54.4 million for the company's U.S. qualified defined benefit pension plan and $73.9 million primarily for the company's non-U.S. defined benefit pension plans. In 2016, the company made cash contributions of $132.5 million to its worldwide defined benefit pension plans. For the three months ended March 31, 2017 and 2016, $28.9 million and $31.6 million, respectively, of cash contributions have been made. Net periodic postretirement benefit expense for the three months ended March 31, 2017 and 2016 is presented below:
|  | Three Months Ended March 31,
|  | 2017 |  | 2016
Service cost |  | $ | 0.1 |  |  | $ | 0.1 |
Interest cost |  | 1.5 |  |  | 1.6 |
Expected return on assets |  | (0.1 | ) |  | (0.1 | )
Recognized net actuarial loss |  | 0.3 |  |  | 0.3 |
Amortization of prior service benefit |  | (0.1 | ) |  | — |
Net periodic postretirement benefit expense |  | $ | 1.7 |  |  | $ | 1.9 |
The company expects to make cash contributions of approximately $13.0 million to its postretirement benefit plan in 2017 compared with $13.6 million in 2016. For the three months ended March 31, 2017 and 2016, $2.8 million and $2.5 million, respectively, of cash contributions have been made.

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450702-114947 Reference 2: 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=65897934&loc=d3e2410-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39675-114964 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66047640&loc=d3e39622-114963 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration