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Postretirement Plans (Tables)
 12 Months Ended
Dec. 31, 2012
General Discussion of Pension and Other Postretirement Benefits [Abstract]  
Components Of Net Periodic Benefit Cost
The components of net periodic benefit cost were as follows:

Pension
 
Other Postretirement Plans
Years ended December 31,
2012

 
2011

 
2010

 
2012

 
2011

 
2010

Service cost

$1,649

 

$1,406

 

$1,176

 

$146

 

$221

 

$121

Interest cost
3,005

 
3,116

 
3,002

 
313

 
484

 
404

Expected return on plan assets
(3,831
)
 
(3,741
)
 
(3,850
)
 
(7
)
 
(6
)
 
(6
)
Amortization of prior service costs
225

 
244

 
248

 
(197
)
 
(96
)
 
(78
)
Recognized net actuarial loss
1,937

 
1,254

 
777

 
119

 
178

 
56

Settlement and curtailment loss
25

 
64

 
14

 
(1
)
 
3

 

Net periodic benefit cost

$3,010

 

$2,343

 

$1,367

 

$373

 

$784

 

$497

 
 
 
 
 
 
 
 
 
 
 
 
Net periodic benefit cost included in Earnings from operations

$2,407

 

$1,648

 

$1,101

 

$543

 

$692

 

$480
Schedule Of Changes In The Benefit Obligation, Plan Assets And Funded Status Of Both Pensions And OPB
The following tables show changes in the benefit obligation, plan assets and funded status of both pensions and OPB for the years ended December 31, 2012 and 2011. Benefit obligation balances presented below reflect the PBO for our pension plans, and accumulated postretirement benefit obligations (APBO) for our OPB plans.

Pension
 
Other Postretirement Benefits
 
2012

 
2011

 
2012

 
2011

Change in benefit obligation
 
 
 
 
 
 
 
Beginning balance

$67,651

 

$59,106

 

$7,997

 

$8,546

Service cost
1,649

 
1,406

 
146

 
221

Interest cost
3,005

 
3,116

 
313

 
484

Plan participants’ contributions
9

 
9

 
 
 
 
Amendments
13

 
186

 
12

 
(719
)
Actuarial loss/(gain)
6,378

 
6,586

 
(53
)
 
(63
)
Settlement/curtailment/acquisitions/dispositions, net
(76
)
 
(104
)
 
(1
)
 
3

Gross benefits paid
(2,744
)
 
(2,644
)
 
(474
)
 
(503
)
Medicare Part D and other subsidies
 
 
 
 
37

 
31

Exchange rate adjustment
10

 
(10
)
 
4

 
(3
)
Ending balance

$75,895

 

$67,651

 

$7,981

 

$7,997

Change in plan assets
 
 
 
 
 
 
 
Beginning balance at fair value

$51,051

 

$49,252

 

$102

 

$98

Actual return on plan assets
6,300

 
3,953

 
1

 
4

Company contribution
1,550

 
531

 
15

 
17

Plan participants’ contributions
9

 
9

 
3

 
3

Settlement/curtailment/acquisitions/dispositions, net
(71
)
 
(104
)
 
10

 
 
Benefits paid
(2,669
)
 
(2,581
)
 
(21
)
 
(20
)
Exchange rate adjustment
8

 
(9
)
 
 
 
 
Ending balance at fair value

$56,178

 

$51,051

 

$110

 

$102

Amounts recognized in statement of financial position at December 31 consist of:
 
 
 
 
 
 
 
Pension plan assets, net
5


1

 
 
 
 
Other accrued liabilities
(71
)

(64
)
 
(343
)
 
(375
)
Accrued retiree health care



 
(7,528
)
 
(7,520
)
Accrued pension plan liability, net
(19,651
)

(16,537
)
 
 
 
 
Net amount recognized

($19,717
)
 

($16,600
)
 

($7,871
)
 

($7,895
)
Schedule Of Amounts Recognized In Accumulated Other Comprehensive Loss
Amounts recognized in Accumulated other comprehensive loss at December 31 were as follows:
 
Pension
 
Other Postretirement Benefits
 
2012

 
2011

 
2012

 
2011

Net actuarial loss

$26,387

 

$24,448

 

$1,651

 

$1,885

Prior service cost/(credit)
904

 
1,118

 
(799
)
 
(1,008
)
Total recognized in Accumulated other comprehensive loss

$27,291

 

$25,566

 

$852

 

$877
Schedule Of Estimated Amount That Will Be Amortized From Accumulated Other Comprehensive Loss Into Net Periodic Benefit Cost
The estimated amount that will be amortized from Accumulated other comprehensive loss into net periodic benefit cost during the year ended December 31, 2013 is as follows:
 
Pensions

 
Other Postretirement Benefits

Recognized net actuarial loss

$2,272

 

$102

Amortization of prior service costs/(credits)
195

 
(180
)
Total

$2,467

 

($78
)
Schedule Of Key Information For All Plans With ABO In Excess Of Plan Assets
Key information for our plans with ABO in excess of plan assets as of December 31 is as follows:
 
2012

 
2011

Projected benefit obligation

$75,851

 

$67,418

Accumulated benefit obligation
69,272

 
61,675

Fair value of plan assets
56,129

 
50,820
Schedule Of Assumptions Used To Calculate The Benefit Obligation
The following assumptions, which are the weighted average for all plans, are used to calculate the benefit obligation at December 31 of each year and the net periodic benefit cost for the subsequent year.
December 31,
2012

 
2011

 
2010

Discount rate:
 
 
 
 
 
Pension
3.80
%
 
4.40
%
 
5.30
%
Other postretirement benefits
3.30
%
 
4.00
%
 
4.90
%
Expected return on plan assets
7.50
%
 
7.75
%
 
7.75
%
Rate of compensation increase
4.00
%
 
3.90
%
 
5.20
%
Schedule Of Assumed Health Care Cost Trend Rates
Assumed health care cost trend rates were as follows:
December 31,
2012

 
2011

 
2010

Health care cost trend rate assumed next year
7.50
%
 
7.50
%
 
7.50
%
Ultimate trend rate
5.00
%
 
5.00
%
 
5.00
%
Year that trend reached ultimate rate
2018

 
2018

 
2018
Schedule Of One-Percentage-Point Change In Assumed Health Care Cost Trend Rates
A one-percentage-point change in assumed health care cost trend rates would have the following effect:
 
Increase

 
Decrease

Effect on total of service and interest cost

$46

 

($40
)
Effect on postretirement benefit obligation
827

 
(700
)
Schedule of actual allocations for pension assets and target allocations by asset class [Table Text Block]
The actual allocations for the pension assets at December 31 and target allocations by asset class, were as follows:
 
Percentage of Plan Assets
 
 
Target Allocations
 
Asset Class
2012

 
2011

 
2012

 
2011

Fixed income
49
%
 
53
%
 
47
%
 
49
%
Global equity
29

 
26

 
26

 
30

Private equity
5

 
6

 
6

 
6

Real estate and real assets
8

 
6

 
11

 
6

Global strategies
4

 
4

 
4

 
4

Hedge funds
5

 
5

 
6

 
5

Total
100
%
 
100
%
 
100
%
 
100
%
Schedule of Allocation of Plan Assets
The following table presents our plan assets using the fair value hierarchy as of December 31, 2012 and 2011. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs, and Level 3 includes fair values estimated using significant unobservable inputs.
 
December 31, 2012
December 31, 2011
 
Total

Level 1

Level 2

Level 3

Total

Level 1

Level 2

Level 3

Fixed income securities:
 
 
 
 
 
 
 
 
Corporate

$14,363



$14,360


$3


$13,921



$13,910


$11

U.S. government and agencies
4,921


4,921


4,500


4,500


Mortgage backed and asset backed
752


191

561

714


703

11

Municipal
1,770



1,770



1,909

 
1,906

3

Sovereign
1,045



1,045



1,045

 
1,045

 
Common/collective/pooled funds
2,346


$17

2,329



1,182


$214

968

 
Other
220

1

219



216

1

215


Derivatives:
 
 
 
 
 
 
 
 
Assets
36

1

35


25


25


Liabilities
(23
)

(23
)

(41
)

(41
)

Cash equivalents and other short-term investments
2,687

2,224

463


3,187

2,634

553


Currency overlay derivatives:
 
 
 
 
 
 
 
 
Assets
56


56


89


89


Liabilities
(55
)

(55
)

(94
)

(94
)

Equity securities:
 
 
 
 
 
 
 
 
U.S. common and preferred stock
6,144

6,144



4,837

4,837



Non-U.S. common and preferred stock
7,421

7,421




6,258

6,257

1


Common/collective/pooled funds
2,294

344

1,950


2,235

27

2,208


Derivatives:
 
 
 
 
 
 
 
 
Assets
19



19


4

4




Liabilities
(9
)


(9
)

(5
)
(5
)



Private equity
2,942

26


2,916

2,869

10


2,859

Real estate and real assets:
 
 
 
 
 
 
 
 
Real estate
2,765

623

14

2,128

2,334

509

6

1,819

Real assets
1,327

286

377

664

776

205

23

548

Derivatives:
 
 
 
 
 
 
 
 
Assets
1


1











Liabilities
(2
)

(2
)










Global strategies
2,147


2,147



2,202



2,127

75

Hedge funds
2,736


1,263

1,473

2,451



2,451

Total

$55,903


$17,087


$31,071


$7,745


$50,614


$14,693


$28,144


$7,777

 
 
 
 
 
 
 
 
 
Cash

$94

 
 
 

$206

 
 
 
Receivables
388

 
 
 
503

 
 
 
Payables
(207
)
 
 
 
(272
)
 
 
 
Total

$56,178

 
 
 

$51,051

 
 
 
Reconciliation Of Level 3 Assets
 
January 1, 2011 Balance

 
Net Realized and Unrealized Gains/(Losses)

 
Net Purchases, Issuances and Settlements

 
Net Transfers Into/(Out of) Level 3

 
December 31,
2011
Balance

Fixed income securities:

 

 

 

 
 
Corporate

$4

 

 

$6

 

$1

 

$11

Mortgage backed and asset backed
33

 

$2

 
(25
)
 
1

 
11

Municipal
 
 
 
 
3

 
 
 
3

Private equity
2,626

 
327

 
(94
)
 
 
 
2,859

Real estate and real assets
 
 
 
 
 
 
 
 


Real estate
1,428

 
179

 
213

 
 
 
1,820

Real assets
390

 
67

 
90

 
 
 
547

Global strategies
69

 
6

 
 
 
 
 
75

Hedge funds
1,918

 
(52
)
 
585

 
 
 
2,451

Total

$6,468

 

$529

 

$778

 

$2

 

$7,777

The following tables present a reconciliation of Level 3 assets held during the year ended December 31, 2012 and 2011. Transfers into and out of Level 3 are treated as beginning-of-year values.
 
January 1, 2012 Balance

 
Net Realized and Unrealized Gains/(Losses)

 
Net Purchases, Issuances and Settlements

 
Net Transfers Into/(Out of) Level 3

 
December 31,
2012
Balance

Fixed income securities:
 
 
 
 
 
 
 
 
 
Corporate

$11

 

($12
)
 

$11

 

($7
)
 

$3

Mortgage backed and asset backed
11

 
41

 
151

 
358

 
561

Municipal
3

 
 
 
 
 
(3
)
 
 
Private equity
2,859

 
208

 
(151
)
 

 
2,916

Real estate and real assets
 
 
 
 
 
 
 
 
 
Real estate
1,820

 
133

 
175

 

 
2,128

Real assets
547

 
45

 
72

 

 
664

Global strategies
75

 


 

 
(75
)
 


Hedge funds
2,451

 
104

 
52

 
(1,134
)
 
1,473

Total

$7,777

 

$519

 

$310

 

($861
)
 

$7,745
Schedule Of Estimated Future Benefit Payments
The table below reflects the total pension benefits expected to be paid from the plans or from our assets, including both our share of the benefit cost and the participants’ share of the cost, which is funded by participants’ contributions. OPB payments reflect our portion only.
Year(s)
2013

 
2014

 
2015

 
2016

 
2017

 
2018–2022

Pensions

$2,968

 

$3,132

 

$3,309

 

$3,488

 

$3,621

 

$20,421

Other postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
Gross benefits paid
496

 
519

 
543

 
572

 
599

 
3,386

Medicare Part D and other subsidies
(46
)
 
(47
)
 
(49
)
 
(49
)
 
(51
)
 
(258
)
Net other postretirement benefits

$450

 

$472

 

$494

 

$523

 

$548

 

$3,128