Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2016

Changes in projected benefit obligations and plan assets for the years ended December 31 were as follows:

	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
	(In millions)
Accumulated benefit obligation at the end of the year	$	32.1			52.9			32.8			49.6
Change in projected benefit obligation:
Beginning projected benefit obligation	$	32.8			52.1			36.6			56.8
Service cost		—			1.2			—			1.2
Interest cost		1.3			1.7			1.3			1.7
Actuarial (gain) loss		0.3			8.3			(1.3	)		(2.9	)
Benefits paid		(1.4	)		(1.7	)		(1.2	)		(2.0	)
Effect of settlements		(0.9	)		—			(2.6	)		—
Other adjustments		—			—			—			1.7
Exchange rate changes		—			(6.5	)		—			(4.4	)
Ending projected benefit obligation		32.1			55.1			32.8			52.1
Change in plan assets:
Beginning fair value of plan assets	$	23.9			27.6			27.3			29.2
Actual return on plan assets		1.1			3.4			(0.3	)		0.1
Employer contributions		—			1.5			0.7			1.8
Benefits paid		(1.4	)		(1.7	)		(1.2	)		(2.0	)
Effect of settlements		(0.9	)		—			(2.6	)		—
Exchange rate changes		—			(4.6	)		—			(1.5	)
Ending fair value of plan assets	$	22.7			26.2			23.9			27.6

Amounts recognized on the consolidated balance sheets as of December 31 were as follows:

	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
	(In millions)
Amounts recognized in liabilities:
Current liabilities	$	—			(0.4	)		—			(0.4	)
Noncurrent liabilities		(9.4	)		(28.6	)		(8.9	)		(24.2	)
Funded status		(9.4	)		(29.0	)		(8.9	)		(24.6	)
Amounts recognized in accumulated other comprehensive income:
Net actuarial loss		4.2			9.7			3.7			4.0
Total recognized on the consolidated balance sheets	$	(5.2	)		(19.3	)		(5.2	)		(20.6	)

Changes in accumulated other comprehensive income for the years ended December 31 were as follows:

	2016					2015
	U.S.		Non-U.S.			U.S.		Non-U.S.
	(In millions)
Beginning accumulated other comprehensive income	$	3.7		4.0			3.5		5.7
Current period (gain) loss		0.5		6.5			0.2		(1.1	)
Exchange rate changes		—		(0.8	)		—		(0.6	)
Ending accumulated other comprehensive income	$	4.2		9.7			3.7		4.0

Weighted average assumptions used to determine the benefit obligations as of December 31 were as follows:

	2016				2015
	U.S.		Non-U.S.		U.S.		Non-U.S.
Discount rate		3.94%		2.53%		4.10%		3.46%
Rate of compensation increase	Not applicable			4.47	Not applicable			4.65

Weighted average assumptions used to determine net periodic benefit cost for the periods ended of December 31 were as follows:

	2016				2015				2014
	U.S.		Non-U.S.		U.S.		Non-U.S.		U.S.		Non-U.S.
Discount rate		4.10%		3.46%		3.77%		3.22%		4.04%		4.26%
Expected long-term return of plan assets		7.25		6.34		7.25		6.80		7.25		6.77
Rate of compensation increase	Not applicable			4.65	Not applicable			4.46	Not applicable			4.80

Net periodic benefit cost for the periods ended of December 31 was as follows:

	2016						2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
	(In millions)
Service cost	$	—			1.2			—			1.2			0.1			1.2
Interest cost		1.3			1.7			1.3			1.7			0.8			2.1
Expected return on plan assets		(1.4	)		(1.6	)		(1.6	)		(1.9	)		(1.0	)		(1.8	)
Amortization of net actuarial gain (loss)		0.1			—			—			0.1			—			—
Effect of settlement		0.1			—			0.4			—			—			—
Net periodic benefit cost	$	0.1			1.3			0.1			1.1			(0.1	)		1.5

The weighted average asset allocations as of December 31 were as follows:

Fair value measurements for plan assets as of December 31, 2016 were as follows:

	Total		Level 1		Level 2		Level 3
	(In millions)
Asset category:
U.S. Plans
Mutual funds:
Equity securities	$	11.8		—		11.8		—
Fixed income securities		9.1		—		9.1		—
Real estate		1.8		—		0.4		1.4
Total	$	22.7		—		21.3		1.4
Non-U.S. Plans
Cash and cash equivalents	$	0.5		0.5		—		—
Mutual funds (non-U.S.):
Equity securities		18.5		—		18.5		—
Fixed income securities		5.9		—		5.9		—
Mixed asset mutual funds (equity/fixed income)		1.3		—		1.3		—
Total	$	26.2		0.5		25.7		—

Fair value measurements for plan assets as of December 31, 2015 were as follows:

	Total		Level 1		Level 2		Level 3
	(In millions)
Asset category:
U.S. Plans
Mutual funds:
Equity securities	$	12.1		—		12.1		—
Fixed income securities		9.3		—		9.3		—
Real estate		2.5		—		1.2		1.3
Total	$	23.9		—		22.6		1.3
Non-U.S. Plans
Cash and cash equivalents	$	1.0		1.0				—
Mutual funds (non-U.S.):
Equity securities		21.4		—		21.4		—
Fixed income securities		4.3		—		4.3		—
Mixed asset mutual funds (equity/fixed income)		0.9		—		0.9		—
Total	$	27.6		1.0		26.6		—

The following table summarizes the changes in Level 3 assets:

The following payments, which reflect expected future service, as appropriate, are expected to be paid by the plans: