Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block]

We use a measurement date of December 31 to develop the change in benefit obligation, change in plan assets, funded status, and amounts recognized in the consolidated balance sheets at December 31 for our defined benefit pension and retiree health benefit plans, which were as follows:



	Defined Benefit Pension Plans						Retiree Health Benefit Plans
	2013			2012			2013			2012
Change in benefit obligation:
Benefit obligation at beginning of year	$	10,423.8		$	9,191.2		$	2,337.7		$	2,308.6
Service cost	287.1			253.1			49.9			63.3
Interest cost	437.2			455.1			98.1			114.9
Actuarial (gain) loss	(792.2		)	834.0			(642.5		)	(57.0		)
Benefits paid	(402.3		)	(404.2		)	(79.6		)	(67.2		)
Plan amendments	(0.1		)	(0.6		)	(4.1		)	(28.4		)
Foreign currency exchange rate changes and other adjustments	22.9			95.2			(2.3		)	3.5
Benefit obligation at end of year	9,976.4			10,423.8			1,757.2			2,337.7

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]



Change in plan assets:
Fair value of plan assets at beginning of year	8,286.6		7,186.3		1,518.0		1,339.0
Actual return on plan assets	1,144.6		922.7		365.7		183.4
Employer contribution	428.9		469.7		75.5		62.8
Benefits paid	(402.3	)	(404.2	)	(79.6	)	(67.2	)
Foreign currency exchange rate changes and other adjustments	23.9		112.1		—		—
Fair value of plan assets at end of year	9,481.7		8,286.6		1,879.6		1,518.0

Schedule of Net Funded Status [Table Text Block]



Funded status	(494.7		)	(2,137.2		)	122.4			(819.7		)
Unrecognized net actuarial loss	3,546.3			5,187.5			178.1			1,156.7
Unrecognized prior service (benefit) cost	50.7			54.9			(171.5		)	(203.4		)
Net amount recognized	$	3,102.3		$	3,105.2		$	129.0		$	133.6

Schedule of Amounts Recognized in Balance Sheet [Table Text Block]



Amounts recognized in the consolidated balance sheet consisted of:
Sundry	$	881.2		$	125.5		$	366.4		$	—
Other current liabilities	(62.8		)	(61.2		)	(7.7		)	(8.9		)
Accrued retirement benefits	(1,313.1		)	(2,201.6		)	(236.3		)	(810.8		)
Accumulated other comprehensive loss before income taxes	3,597.0			5,242.5			6.6			953.3
Net amount recognized	$	3,102.3		$	3,105.2		$	129.0		$	133.6

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]

During 2014, we expect the following components of accumulated other comprehensive loss to be recognized as components of net periodic benefit cost:



	Defined Benefit Pension Plans		Retiree Health Benefit Plans
Unrecognized net actuarial loss	$	277.2	$	20.0
Unrecognized prior service cost	3.6		(31.2		)
Total	$	280.8	$	(11.2	)

Schedule of Assumptions Used [Table Text Block]

The following represents our weighted-average assumptions as of December 31:



	Defined Benefit Pension Plans			Retiree Health Benefit Plans
(Percents)	2013	2012	2011	2013	2012	2011
Discount rate for benefit obligation	4.9	4.3	5.0	5.0	4.3	5.1
Discount rate for net benefit costs	4.3	5.0	5.6	4.3	5.1	5.8
Rate of compensation increase for benefit obligation	3.4	3.4	3.7
Rate of compensation increase for net benefit costs	3.4	3.7	3.7
Expected return on plan assets for net benefit costs	8.4	8.4	8.5	8.8	8.8	8.8

Schedule of Expected Benefit Payments [Table Text Block]

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid as follows:



	2014			2015			2016			2017			2018			2019-2023
Defined benefit pension plans	$	430.9		$	440.1		$	453.0		$	469.0		$	486.0		$	2,726.0

Retiree health benefit plans-gross	$	94.0		$	98.0		$	102.3		$	106.4		$	111.0		$	612.3
Medicare rebates	(6.8		)	(7.6		)	(8.2		)	(9.0		)	(9.8		)	(60.5		)
Retiree health benefit plans-net	$	87.2		$	90.4		$	94.1		$	97.4		$	101.2		$	551.8

Schedule of Net Benefit Costs [Table Text Block]

Net pension and retiree health benefit expense included the following components:



	Defined Benefit Pension Plans									Retiree Health Benefit Plans
	2013			2012			2011			2013			2012			2011
Components of net periodic benefit cost:
Service cost	$	287.1		$	253.1		$	236.3		$	49.9		$	63.3		$	72.4
Interest cost	437.2			455.1			447.9			98.1			114.9			118.0
Expected return on plan assets	(701.9		)	(684.8		)	(685.9		)	(130.7		)	(127.2		)	(129.4		)
Amortization of prior service (benefit) cost	3.7			4.2			8.6			(35.6		)	(39.8		)	(42.9		)
Recognized actuarial loss	414.7			285.7			200.4			100.5			98.4			88.7
Net periodic benefit cost	$	440.8		$	313.3		$	207.3		$	82.2		$	109.6		$	106.8

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

The following represents the amounts recognized in other comprehensive income (loss) for the year ended December 31, 2013:



	Defined Benefit Pension Plans			Retiree Health Benefit Plans
Actuarial gain arising during period	$	1,234.7		$	877.6
Plan amendments during period	0.1			4.1
Amortization of prior service (benefit) cost included in net income	3.7			(35.6		)
Amortization of net actuarial loss included in net income	414.7			100.5
Foreign currency exchange rate changes	(7.7		)	0.1
Total other comprehensive income during period	$	1,645.5		$	946.7



	Reclassifications Out of Accumulated Other Comprehensive Loss
Details about Accumulated Other Comprehensive Loss Components	Year Ended			Affected Line Item in the Consolidated Statements of Operations
	December 31, 2013
Amortization of defined benefit items:
Prior service benefits, net	$	(31.9	)	⁽¹⁾
Actuarial losses	515.2			⁽¹⁾
Total before tax	483.3
Tax benefit	(164.3		)
Net of tax	319.0

Other, net of tax	(0.3		)	Other—net, (income) expense
Total reclassifications for the period (net of tax)	$	318.7

Schedule of Allocation of Plan Assets [Table Text Block]

The fair values of our defined benefit pension plan and retiree health plan assets as of December 31, 2012 by asset category are as follows:



			Fair Value Measurements Using
Asset Class	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Defined Benefit Pension Plans
Public equity securities:
U.S.	$	457.7	$	307.9	$	149.8	$
International	1,905.3		673.3		1,232.0
Fixed income:
Developed markets	1,075.4		156.4		915.3		3.7
Emerging markets	402.3				402.3
Private alternative investments:
Hedge funds	2,555.5				1,337.4		1,218.1
Equity-like funds	991.2		17.4		63.3		910.5
Real estate	504.3		353.5		8.2		142.6
Other	394.9		140.1		254.8
Total	$	8,286.6	$	1,648.6	$	4,363.1	$	2,274.9
Retiree Health Benefit Plans
Public equity securities:
U.S.	$	45.4	$	30.4	$	15.0	$
International	127.7		33.9		93.8
Fixed income:
Developed markets	59.4				59.0		0.4
Emerging markets	40.3				40.3
Private alternative investments:
Hedge funds	234.0				134.1		99.9
Equity-like funds	81.9						81.9
Cash value of trust owned insurance contract	869.1				869.1
Real estate	35.4		35.4
Other	24.8		6.2		18.6
Total	$	1,518.0	$	105.9	$	1,229.9	$	182.2

The fair values of our defined benefit pension plan and retiree health plan assets as of December 31, 2013 by asset category are as follows:



			Fair Value Measurements Using
Asset Class	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Defined Benefit Pension Plans
Public equity securities:
U.S.	$	400.3	$	189.2	$	211.1	$
International	2,483.8		1,045.8		1,438.0
Fixed income:
Developed markets	1,036.1		170.2		850.0		15.9
Emerging markets	382.6				382.6
Private alternative investments:
Hedge funds	2,902.3				1,461.9		1,440.4
Equity-like funds	1,069.9				76.4		993.5
Real estate	521.4		368.0				153.4
Other	685.3		245.2		440.1
Total	$	9,481.7	$	2,018.4	$	4,860.1	$	2,603.2
Retiree Health Benefit Plans
Public equity securities:
U.S.	$	39.4	$	18.3	$	21.1	$
International	167.2		61.6		105.6
Fixed income:
Developed markets	54.7				53.1		1.6
Emerging markets	38.2				38.2
Private alternative investments:
Hedge funds	266.4				145.8		120.6
Equity-like funds	88.9						88.9
Cash value of trust owned insurance contract	1,136.8				1,136.8
Real estate	36.7		36.7
Other	51.3		18.0		33.3
Total	$	1,879.6	$	134.6	$	1,533.9	$	211.1

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The activity in the Level 3 investments during the year ended December 31, 2012 was as follows:



	Fixed Income: Developed Markets		Hedge Funds			Equity-like Funds		Real Estate		Total
Defined Benefit Pension Plans
Beginning balance at January 1, 2012	$	—	$	1,248.4		$	870.2	$	138.0	$	2,256.6
Actual return on plan assets, including changes in foreign exchange rates:
Relating to assets still held at the reporting date	0.3		18.3			10.1		3.3		32.0
Relating to assets sold during the period	—		(0.2		)	—		—		(0.2		)
Purchases, sales, and settlements, net	2.3		(48.4		)	30.2		1.3		(14.6		)
Transfers into (out of) Level 3	1.1		—			—		—		1.1
Ending balance at December 31, 2012	$	3.7	$	1,218.1		$	910.5	$	142.6	$	2,274.9
Retiree Health Benefit Plans
Beginning balance at January 1, 2012	$	—	$	105.3		$	79.9			$	185.2
Actual return on plan assets, including changes in foreign exchange rates:
Relating to assets still held at the reporting date	—		(0.9		)	—				(0.9		)
Relating to assets sold during the period	—		—			—				—
Purchases, sales, and settlements, net	0.3		(4.5		)	2.0				(2.2		)
Transfers into (out of) Level 3	0.1		—			—				0.1
Ending balance at December 31, 2012	$	0.4	$	99.9		$	81.9			$	182.2

The activity in the Level 3 investments during the year ended December 31, 2013 was as follows:



	Fixed Income: Developed Markets			Hedge Funds		Equity-like Funds			Real Estate		Total
Defined Benefit Pension Plans
Beginning balance at January 1, 2013	$	3.7		$	1,218.1	$	910.5		$	142.6	$	2,274.9
Actual return on plan assets, including changes in foreign exchange rates:
Relating to assets still held at the reporting date	(3.0		)	123.4		155.7			8.5		284.6
Relating to assets sold during the period	—			—		—			—		—
Purchases, sales, and settlements, net	3.7			98.9		(72.7		)	2.3		32.2
Transfers into (out of) Level 3	11.5			—		—			—		11.5
Ending balance at December 31, 2013	$	15.9		$	1,440.4	$	993.5		$	153.4	$	2,603.2
Retiree Health Benefit Plans
Beginning balance at January 1, 2013	$	0.4		$	99.9	$	81.9				$	182.2
Actual return on plan assets, including changes in foreign exchange rates:
Relating to assets still held at the reporting date	(0.3		)	10.3		13.9					23.9
Relating to assets sold during the period	—			—		—					—
Purchases, sales, and settlements, net	0.4			10.4		(6.9		)			3.9
Transfers into (out of) Level 3	1.1			—		—					1.1
Ending balance at December 31, 2013	$	1.6		$	120.6	$	88.9				$	211.1

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]

Amounts relating to defined benefit plans with projected benefit obligations in excess of plan assets were as follows at December 31:



	2013		2012
Projected benefit obligation	$	1,773.6	$	9,151.2
Fair value of plan assets	395.4		6,888.6

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]

Amounts relating to defined benefit plans with accumulated benefit obligations in excess of plan assets were as follows at December 31:



	2013		2012
Accumulated benefit obligation	$	1,384.6	$	8,021.0
Fair value of plan assets	181.8		6,580.6