Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

Defined benefit pension plans

Pension and postretirement benefit plans

	US Plans						Non-US Plans
(in millions)	2013			2012			2013			2012
Benefit obligation
At January 1	$	323		$	271		$	272		$	216
Service cost	8			7			9			8
Interest cost	11			12			12			13
Benefits paid	(14		)	(15		)	(12		)	(12		)
Actuarial (gain) loss	(36		)	48			(15		)	34
Business combinations / transfers	1			—			—			12
Curtailment / settlement	—			—			(2		)	(4		)
Foreign currency translation	—			—			(14		)	5
Benefit obligation at December 31	$	293		$	323		$	250		$	272
Fair value of plan assets
At January 1	$	257		$	222		$	189		$	156
Actual return on plan assets	41			27			16			12
Employer contributions	13			23			43			15
Benefits paid	(14		)	(15		)	(12		)	(12		)
Business combinations / transfers	—			—			—			15
Foreign currency translation	—			—			(13		)	3
Fair value of plan assets at December 31	$	297		$	257		$	223		$	189
Funded status	$	4		$	(66	)	$	(27	)	$	(83	)

Schedule of amounts recognized in the consolidated balance sheets

	US Plans						Non-US Plans
(in millions)	2013			2012			2013			2012
Non-current asset	$	16		$	—		$	26		$	1
Current liabilities	(1		)	(1		)	(3		)	(3		)
Non-current liabilities	(11		)	(65		)	(50		)	(81		)
Net asset (liability) recognized	$	4		$	(66	)	$	(27	)	$	(83	)

Schedule of amounts recognized in accumulated other comprehensive loss

	US Plans				Non-US Plans
(in millions)	2013		2012		2013		2012
Net actuarial loss	$	7	$	67	$	59	$	92
Transition obligation	—		—		2		2
Net amount recognized	$	7	$	67	$	61	$	94

Schedule of plan obligations and assets for plans with an accumulated benefit obligation in excess of plan assets

	US Plans				Non-US Plans
(in millions)	2013		2012		2013		2012
Projected benefit obligation	$	10	$	323	$	52	$	262
Accumulated benefit obligation	8		314		42		227
Fair value of plan assets	—		257		3		178

Components of Net Periodic Benefit Cost

	US Plans						Non-US Plans
(in millions)	2013		2012		2011		2013		2012		2011
Service cost	$8		$7		$7		$9		$8		$5
Interest cost	11		12		13		12		13		15
Expected return on plan assets	(18	)	(16	)	(15	)	(12	)	(13	)	(11	)
Amortization of actuarial loss	2		1		1		5		4		2
Amortization of transition obligation	—		—		—		—		1		1
Settlement/Curtailment	—		—		2		—		1		—
Net periodic benefit cost	$3		$4		$8		$14		$14		$12

Schedule of amounts recorded in other comprehensive income and net periodic benefit cost

(in millions, pre-tax)	US Plans			Non-US Plans
Net actuarial gain	$	(58	)	$	(23	)
Amortization of actuarial loss	(2		)	(5		)
Foreign currency translation	—			(5		)
Total recorded in other comprehensive income	(60		)	(33		)
Net periodic benefit cost	3			14
Total recorded in other comprehensive income and net periodic benefit cost	$	(57	)	$	(19	)

Schedule of weighted average assumptions used to determine the company's obligations

	US Plans				Non-US Plans
	2013		2012		2013		2012
Discount rate	4.60	%	3.60	%	5.60	%	4.85	%
Rate of compensation increase	4.22	%	4.19	%	4.39	%	4.35	%

Schedule of weighted average assumptions used to determine the company's net periodic benefit cost

	US Plans						Non-US Plans
	2013		2012		2011		2013		2012		2011
Discount rate	3.60	%	4.50	%	5.35	%	4.88	%	5.68	%	5.73	%
Expected long-term return on plan assets	7.25	%	7.25	%	7.25	%	6.69	%	6.81	%	6.73	%
Rate of compensation increase	4.19	%	4.19	%	2.75	%	4.35	%	4.51	%	3.79	%

Schedule of weighted average asset allocation

	US Plans				Non-US Plans
Asset Category	2013		2012		2013		2012
Equity securities	62	%	61	%	51	%	42	%
Debt securities	36	%	38	%	39	%	47	%
Cash and other	2	%	1	%	10	%	11	%
Total	100	%	100	%	100	%	100	%

Schedule of fair values of the company's plan assets, by asset category and level

	Fair Value Measurements at December 31, 2013
Asset Category (in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)	Total
US Plans:
Equity index:
US (a)			$	151		$	151
International (b)			32			32
Real estate (c)			3			3
Fixed income index:
Intermediate bond (d)			57			57
Long bond (e)			50			50
Cash (f)			4			4
Total US Plans			$	297		$	297
Non-US Plans:
Equity index:
US (a)			$	38		$	38
Canada (g)			38			38
International (b)			39			39
Fixed income index:
Intermediate bond (d)			1			1
Long bond (h)			85			85
Other (i)			19			19
Cash (f)	3					3
Total Non-US Plans	$	3	$	220		$	223

(a) This category consists of a passively managed equity index fund that tracks the return of large capitalization US equities.

(b) This category consists of a passively managed equity index fund that tracks an index of returns on international developed market equities.

(c) This category consists of a passively managed equity index fund that tracks a US real estate equity securities index that includes equities of real estate investment trusts and real estate operating companies.

(d) This category consists of a passively managed fixed income index fund that tracks the return of intermediate duration government and investment grade corporate bonds.

(e) This category consists of a passively managed fixed income fund that tracks the return of long duration US government and investment grade corporate bonds.

(f) This category represents cash or cash equivalents.

(g) This category consists of a passively managed equity index fund that tracks the return of large and mid-sized capitalization equities traded on the Toronto Stock Exchange.

(h) This category consists of a passively managed fixed income index fund that tracks the return of the universe of Canada government and investment grade corporate bonds.

(i) This category mainly consists of investment products provided by an insurance company that offers returns that are subject to a minimum guarantee.

Schedule of benefit payments, which reflect anticipated future service, as appropriate and are expected to be made

(in millions)	US Plans		Non-US Plans
2014	$	18	$	15
2015	17		14
2016	17		14
2017	19		14
2018	20		15
Years 2019 - 2023	105		79

Postretirement Benefit Plans