Annual report pursuant to Section 13 and 15(d)

PENSIONS AND POSTRETIREMENT BENEFITS (Effect of Fair Value Measurements Using Significant Unobservable Inputs (Level 3) on Changes in Pension Plan Assets) (Details)

v2.4.0.8
PENSIONS AND POSTRETIREMENT BENEFITS (Effect of Fair Value Measurements Using Significant Unobservable Inputs (Level 3) on Changes in Pension Plan Assets) (Details) (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
The following represents the effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets for the year ended December 31, 2013 and 2012:
 
(In Millions)
 
Year Ended December 31, 2013
 
Hedge Funds
 
Private Equity
Funds
 
Structured Credit Fund
 
Real
Estate
 
Total
Beginning balance — January 1
$
23.2

 
$
6.2

 
$
12.5

 
$
15.9

 
$
57.8

Actual return on plan assets:

 

 

 

 
 
Relating to assets still held at the reporting date
2.1

 
0.2

 
2.4

 
2.8

 
7.5

Relating to assets sold during the period
(0.7
)
 
0.4

 
(1.4
)
 
(0.7
)
 
(2.4
)
Purchases
22.5

 
0.3

 
11.0

 
14.2

 
48.0

Sales
(22.5
)
 
(1.1
)
 
(11.0
)
 
(19.0
)
 
(53.6
)
Ending balance — December 31
$
24.6

 
$
6.0

 
$
13.5

 
$
13.2

 
$
57.3

 
(In Millions)
 
Year Ended December 31, 2012
 
Hedge Funds
 
Private Equity
Funds
 
Structured Credit Fund
 
Real
Estate
 
Total
Beginning balance — January 1
$
28.3

 
$
6.8

 
$
—

 
$
10.2

 
$
45.3

Actual return on plan assets:

 

 

 

 
 
Relating to assets still held at the reporting date
0.9

 
0.3

 
1.5

 
1.3

 
4.0

Purchases
—

 
0.2

 
11.0

 
4.4

 
15.6

Sales
(6.0
)
 
(1.1
)
 
—

 
—

 
(7.1
)
Ending balance — December 31
$
23.2

 
$
6.2

 
$
12.5

 
$
15.9

 
$
57.8

The following represents the effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets for the years ended December 31, 2013 and 2012:
 
(In Millions)
 
Year Ended December 31, 2013
 
Hedge Funds
 
Private Equity
Funds
 
Structured
Credit Fund
 
Real
Estate
 
Total
Beginning balance — January 1, 2013
$
85.6

 
$
29.3

 
$
56.2

 
$
29.4

 
$
200.5

Actual return on plan assets:

 

 

 

 
 
Relating to assets still held at
    the reporting date
4.5

 
(2.1
)
 
33.5

 
5.1

 
41.0

Relating to assets sold during
    the period
(1.2
)
 
5.2

 
(28.7
)
 
(0.4
)
 
(25.1
)
Purchases
66.0

 
14.7

 
27.5

 
36.8

 
145.0

Sales
(97.3
)
 
(18.0
)
 
(27.5
)
 
(30.0
)
 
(172.8
)
Ending balance — December 31, 2013
$
57.6

 
$
29.1

 
$
61.0

 
$
40.9

 
$
188.6

 
(In Millions)
 
Year Ended December 31, 2012
 
Hedge Funds
 
Private Equity
Funds
 
Structured
Credit Fund
 
Real
Estate
 
Total
Beginning balance — January 1, 2012
$
100.7

 
$
30.1

 
$
44.9

 
$
16.5

 
$
192.2

Actual return on plan assets:

 

 

 

 
 
Relating to assets still held at
    the reporting date
4.2

 
1.4

 
11.3

 
4.9

 
21.8

Relating to assets sold during
    the period
(0.3
)
 
—

 
—

 
(0.5
)
 
(0.8
)
Purchases
—

 
2.2

 
—

 
12.2

 
14.4

Sales
(19.0
)
 
(4.4
)
 
—

 
(3.7
)
 
(27.1
)
Ending balance — December 31, 2012
$
85.6

 
$
29.3

 
$
56.2

 
$
29.4

 
$
200.5

 
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Roll Forward]    
Fair value of plan assets — beginning of year $ 200.5 $ 192.2
Actual return on plan assets:    
Relating to assets still held at the reporting date 41.0 21.8
Relating to assets sold during the period (25.1) (0.8)
Purchases 145.0 14.4
Sales (172.8) (27.1)
Fair value of plan assets — end of year 188.6 200.5
Hedge Funds [Member]
    
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Roll Forward]    
Fair value of plan assets — beginning of year 85.6 100.7
Actual return on plan assets:    
Relating to assets still held at the reporting date 4.5 4.2
Relating to assets sold during the period (1.2) (0.3)
Purchases 66.0 0
Sales (97.3) (19.0)
Fair value of plan assets — end of year 57.6 85.6
Private Equity Funds [Member]
    
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Roll Forward]    
Fair value of plan assets — beginning of year 29.3 30.1
Actual return on plan assets:    
Relating to assets still held at the reporting date (2.1) 1.4
Relating to assets sold during the period 5.2 0
Purchases 14.7 2.2
Sales (18.0) (4.4)
Fair value of plan assets — end of year 29.1 29.3
Structured Finance [Member]
    
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Roll Forward]    
Fair value of plan assets — beginning of year 56.2 44.9
Actual return on plan assets:    
Relating to assets still held at the reporting date 33.5 11.3
Relating to assets sold during the period (28.7) 0
Purchases 27.5 0
Sales (27.5) 0
Fair value of plan assets — end of year 61.0 56.2
Real Estate [Member]
    
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Roll Forward]    
Fair value of plan assets — beginning of year 29.4 16.5
Actual return on plan assets:    
Relating to assets still held at the reporting date 5.1 4.9
Relating to assets sold during the period (0.4) (0.5)
Purchases 36.8 12.2
Sales (30.0) (3.7)
Fair value of plan assets — end of year $ 40.9 $ 29.4