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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule Of Multiemployer Plans Table [Text Block]
(dollars in millions)
 
  
 
Pension
Protection Act
Zone Status
 
FIP/
RP Status
 
Contributions
 
  
 
  
Pension Fund
 
EIN/Pension
Plan Number
 
2016
 
2015
 
Pending/
Implemented
 
2016

 
2015

 
2014

 
Surcharge
Imposed
 
Expiration Date of
Collective-Bargaining
Agreement
National Elevator Industry Pension Plan
 
23-2694291
 
Green
 
Green
 
No
 
$
100

 
$
88

 
$
79

 
No
 
July 8, 2017
Other funds
 
 
 
 
 
 
 
 
 
31

 
32

 
34

 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
131

 
$
120

 
$
113

 
 
 
 
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]
We measure the cost of all share-based payments, including stock options, at fair value on the grant date and recognize this cost in the Consolidated Statement of Operations as follows:
(dollars in millions)
2016
 
2015
 
2014
Continuing operations
$
152

 
$
158

 
$
219

Discontinued operations
1

 
17

 
21

Total compensation cost recognized
$
153

 
$
175

 
$
240

Schedule of Stock Options Roll Forward [Table Text Block]
A summary of the transactions under all long-term incentive plans for the year ended December 31, 2016 follows:
 
Stock Options
 
Stock Appreciation Rights
 
Performance Share Units
 
Other
Incentive
Shares/Units

(shares and units in thousands)
Shares

 
Average
Price*

 
Shares

 
Average
Price*

 
Units

 
Average
Price**

 
Outstanding at:
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
1,879

 
$
86.19

 
38,111

 
$
83.58

 
2,170

 
$
101.78

 
1,467

Granted
397

 
95.57

 
4,740

 
95.40

 
687

 
95.29

 
698

Exercised / earned
(239
)
 
71.57

 
(5,760
)
 
69.19

 
(372
)
 
84.03

 
(339
)
Cancelled / Other
(14
)
 
92.02

 
(678
)
 
95.03

 
(518
)
 
85.92

 
207

December 31, 2016
2,023

 
$
89.72

 
36,413

 
$
87.18

 
1,967

 
$
107.05

 
2,033


*
weighted-average exercise price
**
weighted-average grant stock price
Disclosure Of Share Based Compensation Arrangements By Share Based Payment Award Text Block
The following table summarizes information about equity awards outstanding that are vested and expected to vest and equity awards outstanding that are exercisable at December 31, 2016:
 
 
Equity Awards Vested and Expected to Vest
 
Equity Awards That Are Exercisable
(shares in thousands; aggregate intrinsic value in millions)
 
Awards

 
Average
Price*

 
Aggregate
Intrinsic
Value

 
Remaining
Term**
 
Awards

 
Average
Price*

 
Aggregate
Intrinsic
Value

 
Remaining
Term**
Stock Options/Stock Appreciation Rights
 
38,314

 
$
86.58

 
$
917

 
5.4 years
 
25,574

 
$
77.64

 
$
824

 
4.2 years
Performance Share Units/Restricted Stock
 
2,376

 

 
260

 
2.8 years
 
 
 
 
 
 
 
 

*
weighted-average exercise price per share
**
weighted-average contractual remaining term in years
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The following table indicates the assumptions used in estimating fair value for the years ended December 31, 2016, 2015 and 2014. Lattice-based option models incorporate ranges of assumptions for inputs, those ranges are as follows:
 
 
2016
 
2015
 
2014
Expected volatility
 
20%

 
20% - 23%

 
22% - 26%

Weighted-average volatility
 
20
%
 
21
%
 
26
%
Expected term (in years)
 
6.5

 
6.0 - 6.8

 
7.6 - 8.0

Expected dividend yield
 
2.7
%
 
2.2
%
 
2.2
%
Risk-free rate
 
0.2% - 2.6%

 
0.0% - 2.2%

 
0.0% - 3.1%

Pension Plan [Member]  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Defined Benefit Plans Disclosures [Text Block]
(dollars in millions)
2016
 
2015
Change in Benefit Obligation:
 
 
 
Beginning balance
$
35,428

 
$
37,853

Service cost
383

 
493

Interest cost
1,183

 
1,399

Actuarial loss (gain)
1,831

 
(1,716
)
Total benefits paid
(1,660
)
 
(1,796
)
Net settlement, curtailment and special termination benefits
(1,566
)
 
(55
)
Plan amendments
17

 
39

Other
(693
)
 
(789
)
Ending balance
$
34,923

 
$
35,428

 
 
 
 
Change in Plan Assets:
 
 
 
Beginning balance
$
31,011

 
$
32,738

Actual return on plan assets
3,202

 
265

Employer contributions
384

 
520

Benefits paid
(1,660
)
 
(1,796
)
Settlements
(1,632
)
 
(59
)
Other
(750
)
 
(657
)
Ending balance
$
30,555

 
$
31,011

 
 
 
 
Funded Status:
 
 
 
Fair value of plan assets
$
30,555

 
$
31,011

Benefit obligations
(34,923
)
 
(35,428
)
Funded status of plan
$
(4,368
)
 
$
(4,417
)
 
 
 
 
Amounts Recognized in the Consolidated Balance Sheet Consist of:
 
 
 
Noncurrent assets
$
451

 
$
742

Current liability
(72
)
 
(71
)
Noncurrent liability
(4,747
)
 
(5,088
)
Net amount recognized
$
(4,368
)
 
$
(4,417
)
 
 
 
 
Amounts Recognized in Accumulated Other Comprehensive Loss Consist of:
 
 
 
Net actuarial loss
$
7,941

 
$
8,224

Prior service credit
(6
)
 
(57
)
Net amount recognized
$
7,935

 
$
8,167

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
Information for pension plans with accumulated benefit obligations in excess of plan assets: 
(dollars in millions)
2016
 
2015
Projected benefit obligation
$
32,732

 
$
30,915

Accumulated benefit obligation
32,095

 
30,362

Fair value of plan assets
27,943

 
25,827

Schedule of Net Benefit Costs [Table Text Block]
The components of the net periodic pension cost are as follows: 
(dollars in millions)
2016
 
2015
 
2014
Pension Benefits:
 
 
 
 
 
Service cost
$
383

 
$
493

 
$
487

Interest cost
1,183

 
1,399

 
1,517

Expected return on plan assets
(2,202
)
 
(2,264
)
 
(2,215
)
Amortization of prior service credit
(33
)
 
(11
)
 
(8
)
Recognized actuarial net loss
572

 
882

 
429

Net settlement, curtailment and special termination benefits loss
498

 
150

 
13

Net periodic pension cost - employer
$
401

 
$
649

 
$
223

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
Other changes in plan assets and benefit obligations recognized in other comprehensive loss in 2016 are as follows: 
(dollars in millions)
  
Current year actuarial loss
$
831

Amortization of actuarial loss
(572
)
Current year prior service cost
17

Amortization of prior service credit
33

Net settlement and curtailment loss
(436
)
Other
(105
)
Total recognized in other comprehensive loss
$
(232
)
Net recognized in net periodic pension cost and other comprehensive loss
$
169

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
The estimated amount that will be amortized from accumulated other comprehensive loss into net periodic pension cost in 2017 is as follows:
(dollars in millions)
  
Net actuarial loss
$
571

Prior service credit
(36
)
 
$
535

Schedule of Assumptions Used [Table Text Block]
Major assumptions used in determining the benefit obligation and net cost for pension plans are presented in the following table as weighted-averages: 
 
 
Benefit Obligation
 
Net Cost
  
 
2016
 
2015
 
2016
 
2015
 
2014
Discount rate
 
 
 
 
 
 
 
 
 
 
PBO
 
3.8
%
 
4.1
%
 
4.1
%
 
3.8
%
 
4.7
%
Interest cost1
 

 

 
3.4
%
 

 

Service cost1
 

 

 
3.8
%
 

 

Salary scale
 
4.1
%
 
4.2
%
 
4.2
%
 
4.2
%
 
4.2
%
Expected return on plan assets
 

 

 
7.3
%
 
7.6
%
 
7.6
%

Note 1
The 2016 discount rates used to measure the service cost and interest cost applies to our significant plans. The PBO discount rate is used for the service cost and interest cost measurements for non-significant plans.
Schedule of Allocation of Plan Assets [Table Text Block]
The fair values of pension plan assets at December 31, 2016 and 2015 by asset category are as follows:
(dollars in millions)
Quoted Prices in
Active Markets
For Identical Assets
(Level 1)

 
Significant
Observable 
Inputs
(Level 2)

 
Significant
Unobservable 
Inputs
(Level 3)

 
Not Subject to Leveling

 
Total

Asset Category:
 
 
 
 
 
 
 
 
 
Public Equities
 
 
 
 
 
 
 
 
 
Global Equities
$
4,682

 
$
3

 
$

 
$

 
$
4,685

Global Equity Commingled Funds1

 
367

 

 

 
367

Enhanced Global Equities 2
168

 
1,494

 

 

 
1,662

Global Equity Funds at net asset value8 

 

 

 
7,090

 
7,090

Private Equities 3,8

 

 
122

 
1,239

 
1,361

Fixed Income Securities

 

 

 

 
 
Governments
260

 
54

 

 

 
314

Corporate Bonds

 
7,637

 

 

 
7,637

Fixed Income Securities8

 

 

 
2,788

 
2,788

Real Estate 4,8

 
17

 
1,285

 
513

 
1,815

Other 5,8

 
289

 

 
1,819

 
2,108

Cash & Cash Equivalents 6,8
100

 
75

 

 
121

 
296

Subtotal
$
5,210

 
$
9,936

 
$
1,407

 
$
13,570

 
30,123

Other Assets & Liabilities7
 
 
 
 
 
 
 
 
432

Total at December 31, 2016
 
 
 
 
 
 
 
 
$
30,555

Public Equities
 
 
 
 
 
 
 
 
 
Global Equities
$
5,884

 
$

 
$

 
$

 
$
5,884

Global Equity Commingled Funds1

 
779

 

 

 
779

Enhanced Global Equities 2
237

 
616

 

 

 
853

Global Equity Funds at net asset value 8 

 

 

 
6,475

 
6,475

Private Equities 3,8

 

 
182

 
1,335

 
1,517

Fixed Income Securities

 

 

 


 
 
Governments
365

 
53

 

 

 
418

Corporate Bonds

 
7,013

 

 

 
7,013

Fixed Income Securities8

 

 

 
2,992

 
2,992

Real Estate 4,8

 
10

 
1,165

 
1,079

 
2,254

Other 5,8

 
334

 

 
1,706

 
2,040

Cash & Cash Equivalents 6,8

 
159

 

 
334

 
493

Subtotal
$
6,486

 
$
8,964

 
$
1,347

 
$
13,921

 
30,718

Other Assets & Liabilities7
 
 
 
 
 
 
 
 
293

Total at December 31, 2015
 
 
 
 
 
 
 
 
$
31,011


Note 1
Represents commingled funds that invest primarily in common stocks.
Note 2
Represents enhanced equity separate account and commingled fund portfolios. A portion of the portfolio may include long-short market neutral and relative value strategies that invest in publicly traded, equity and fixed income securities, as well as derivatives of equity and fixed income securities and foreign currency.
Note 3
Represents limited partner investments with general partners that primarily invest in debt and equity.
Note 4
Represents investments in real estate including commingled funds and directly held properties.
Note 5
Represents insurance contracts and global balanced risk commingled funds consisting mainly of equity, bonds and some commodities.
Note 6
Represents short-term commercial paper, bonds and other cash or cash-like instruments.
Note 7
Represents trust receivables and payables that are not leveled.
Note 8
In accordance with ASU 2015-07, Fair Value Measurement (Topic 820), certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented for the total pension benefits plan assets.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
The fair value measurement of plan assets using significant unobservable inputs (Level 3) changed due to the following:
(dollars in millions)
Private
Equities

 
Real
Estate

 
Total

Balance, December 31, 2014
$
145

 
$
975

 
$
1,120

Realized gains (losses)
3

 
(4
)
 
(1
)
Unrealized gains relating to instruments still held in the reporting period
42

 
105

 
147

Purchases, sales, and settlements, net
(8
)
 
89

 
81

Balance, December 31, 2015
182

 
1,165

 
1,347

Realized gains
46

 
19

 
65

Unrealized gains relating to instruments still held in the reporting period
5

 
18

 
23

Purchases, sales, and settlements, net
(111
)
 
83

 
(28
)
Balance, December 31, 2016
$
122

 
$
1,285

 
$
1,407

Other Postretirement Benefit Plan [Member]  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Defined Benefit Plans Disclosures [Text Block]
(dollars in millions)
2016
 
2015
Change in Benefit Obligation:
 
 
 
Beginning balance
$
890

 
$
952

Service cost
3

 
3

Interest cost
34

 
34

Actuarial gain
(48
)
 

Total benefits paid
(97
)
 
(104
)
Other
23

 
5

Ending balance
$
805

 
$
890

 
 
 
 
Change in Plan Assets:
 
 
 
Beginning balance
$

 
$

Employer contributions
80

 
84

Benefits paid
(97
)
 
(104
)
Other
17

 
20

Ending balance
$

 
$

 
 
 
 
Funded Status:
 
 
 
Fair value of plan assets
$

 
$

Benefit obligations
(805
)
 
(890
)
Funded status of plan
$
(805
)
 
$
(890
)
 
 
 
 
Amounts Recognized in the Consolidated Balance Sheet Consist of:
 
 
 
Current liability
$
(78
)
 
$
(84
)
Noncurrent liability
(727
)
 
(806
)
Net amount recognized
$
(805
)
 
$
(890
)
 
 
 
 
Amounts Recognized in Accumulated Other Comprehensive Loss Consist of:
 
 
 
Net actuarial gain
$
(152
)
 
$
(109
)
Prior service credit
(5
)
 
(1
)
Net amount recognized
$
(157
)
 
$
(110
)

Schedule of Net Benefit Costs [Table Text Block]
The components of net periodic benefit cost are as follows:
(dollars in millions)
2016
 
2015
 
2014
Other Postretirement Benefits:
 
 
 
 
 
Service cost
$
3

 
$
3

 
$
3

Interest cost
34

 
34

 
41

Amortization of prior service credit

 

 
(1
)
Recognized actuarial net gain
(4
)
 
(4
)
 
(4
)
Net settlement and curtailment gain

 
(1
)
 

Net periodic other postretirement benefit cost
$
33

 
$
32

 
$
39

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
Other changes in plan assets and benefit obligations recognized in other comprehensive loss in 2016 are as follows:
(dollars in millions)
  
Current year actuarial gain
$
(46
)
Current year prior service credit
(4
)
Amortization of actuarial net gain
4

Other
(1
)
Total recognized in other comprehensive loss
$
(47
)
Net recognized in net periodic other postretirement benefit cost and other comprehensive loss
$
(14
)
Schedule of Assumptions Used [Table Text Block]
Major assumptions used in determining the benefit obligation and net cost for postretirement plans are presented in the following table as weighted-averages: 
 
Benefit Obligation
 
Net Cost
  
2016
 
2015
 
2016
 
2015
 
2014
Discount rate
3.8
%
 
4.0
%
 
4.0
%
 
3.8
%
 
4.4
%
Schedule of Health Care Cost Trend Rates [Table Text Block]
Assumed health care cost trend rates are as follows: 
 
2016
 
2015
Health care cost trend rate assumed for next year
6.5
%
 
6.5
%
Rate that the cost trend rate gradually declines to
5.0
%
 
5.0
%
Year that the rate reaches the rate it is assumed to remain at
2022

 
2022

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
A one-percentage-point change in assumed health care cost trend rates would have the following effects:
 
2016 One-Percentage-Point
(dollars in millions)
Increase

 
Decrease

Effect on total service and interest cost
$
3

 
$
(2
)
Effect on postretirement benefit obligation
46

 
(39
)