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Postretirement Plans (Tables)
 12 Months Ended
Dec. 31, 2015
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 Benefits
Years ended December 31,
2015

 
2014

 
2013

 
2015

 
2014

 
2013

Service cost

$1,764

 

$1,661

 

$1,886

 

$140

 

$129

 

$148

Interest cost
2,990

 
3,058

 
2,906

 
248

 
289

 
263

Expected return on plan assets
(4,031
)
 
(4,169
)
 
(3,874
)
 
(8
)
 
(8
)
 
(6
)
Amortization of prior service costs/(credits)
196

 
177

 
196

 
(136
)
 
(144
)
 
(180
)
Recognized net actuarial loss
1,577

 
1,020

 
2,231

 
31

 
8

 
95

Settlement/curtailment/other losses
290

 
461

 
104

 
10

 
1

 

Net periodic benefit cost

$2,786

 

$2,208

 

$3,449

 

$285

 

$275

 

$320

 
 
 
 
 
 
 
 
 
 
 
 
Net periodic benefit cost included in Earnings from operations

$2,366

 

$3,215

 

$3,036

 

$288

 

$287

 

$353
Schedule Of Changes In The Benefit Obligation, Plan Assets And Funded Status Of 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, 2015 and 2014. 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
 
2015

 
2014

 
2015

 
2014

Change in benefit obligation
 
 
 
 
 
 
 
Beginning balance

$78,391

 

$68,625

 

$7,306

 

$7,008

Service cost
1,764

 
1,661

 
140

 
129

Interest cost
2,990

 
3,058

 
248

 
289

Plan participants’ contributions
5

 
6

 

 

Amendments
(1,379
)
 
51

 
(19
)
 
(43
)
Actuarial (gain)/loss
(3,505
)
 
10,655

 
(89
)
 
334

Settlement/curtailment/other
(457
)
 
(2,518
)
 
10

 
7

Gross benefits paid
(3,382
)
 
(3,126
)
 
(486
)
 
(449
)
Subsidies
 
 
 
 
43

 
39

Exchange rate adjustment
(39
)
 
(21
)
 
(15
)
 
(8
)
Ending balance

$74,388

 

$78,391

 

$7,138

 

$7,306

Change in plan assets
 
 
 
 
 
 
 
Beginning balance at fair value

$61,119

 

$58,131

 

$141

 

$140

Actual return/(loss) on plan assets
(701
)
 
5,893

 
1

 
10

Company contribution
59

 
784

 
5

 
8

Plan participants’ contributions
5

 
6

 
5

 
2

Settlement payments
(649
)
 
(640
)
 

 

Benefits paid
(3,284
)
 
(3,039
)
 
(20
)
 
(19
)
Exchange rate adjustment
(35
)
 
(16
)
 

 

Ending balance at fair value

$56,514

 

$61,119

 

$132

 

$141

Amounts recognized in statement of financial position at December 31 consist of:
 
 
 
 
 
 
 
Other assets

$10

 

$3

 
 
 
 
Other accrued liabilities
(101
)
 
(93
)
 

($390
)
 

($363
)
Accrued retiree health care

 

 
(6,616
)
 
(6,802
)
Accrued pension plan liability, net
(17,783
)
 
(17,182
)
 
 
 
 
Net amount recognized

($17,874
)
 

($17,272
)
 

($7,006
)
 

($7,165
)
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
 
2015

 
2014

 
2015

 
2014

Net actuarial loss

$20,871

 

$21,321

 

$781

 

$877

Prior service costs/(credits)
(1,195
)
 
385

 
(397
)
 
(512
)
Total recognized in Accumulated other comprehensive loss

$19,676

 

$21,706

 

$384

 

$365
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 ending December 31, 2016 is as follows:
 
Pension

 
Other Postretirement Benefits

Recognized net actuarial loss

$787

 

$22

Amortization of prior service costs/(credits)
38

 
(126
)
Total

$825

 

($104
)
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 was as follows:
 
2015

 
2014

Projected benefit obligation

$74,188

 

$78,358

Accumulated benefit obligation
72,121

 
75,622

Fair value of plan assets
56,306

 
61,082
Schedule Of Assumptions Used To Calculate The Benefit Obligation and Net Periodic Benefit Costs
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,
2015

 
2014

 
2013

Discount rate:
 
 
 
 
 
Pension
4.20
%
 
3.90
%
 
4.80
%
Other postretirement benefits
3.80
%
 
3.50
%
 
4.20
%
Expected return on plan assets
7.00
%
 
7.00
%
 
7.50
%
Rate of compensation increase
4.00
%
 
3.80
%
 
4.00
%
Schedule Of Assumed Health Care Cost Trend Rates
Assumed health care cost trend rates were as follows:
December 31,
2015

 
2014

 
2013

Health care cost trend rate assumed next year
6.50
%
 
7.00
%
 
7.00
%
Ultimate trend rate
5.00
%
 
5.00
%
 
5.00
%
Year that trend reached ultimate rate
2021

 
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

$54

 

($44
)
Effect on postretirement benefit obligation
647

 
(551
)
Schedule of actual allocations for pension assets and target allocations by asset class [Table Text Block]
The actual and target allocations by asset class for the pension assets at December 31 were as follows:
 
Actual Allocations
 
Target Allocations
Asset Class
2015

 
2014

 
2015

 
2014

Fixed income
48
%
 
48
%
 
47
%
 
47
%
Global equity
28

 
29

 
29

 
26

Private equity
5

 
5

 
5

 
6

Real estate and real assets
9

 
9

 
9

 
11

Hedge funds (1)
10

 
9

 
10

 
10

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, 2015 and 2014. 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. We have retrospectively adopted ASU No. 2015-07, Disclosures for Investments in Certain Entities that calculate Net Asset Value Per Share. The fair value hierarchy now excludes certain investments which are valued using Net Asset Value (NAVs) as a practical expedient.
 
December 31, 2015
December 31, 2014
 
Total

Level 1

Level 2

Level 3

Total

Level 1

Level 2

Level 3

Fixed income securities:
 
 
 
 
 
 
 
 
Corporate

$16,339



$16,336


$3


$17,488



$17,486


$2

U.S. government and agencies
4,801


4,800

1

5,224


5,224


Mortgage backed and asset backed
830


382

448

1,207


596

611

Municipal
1,475



1,475



1,636

 
1,636


Sovereign
907



907



1,073

 
1,073

 
Other
83

9

74



246

9

237


Derivatives:
 
 
 
 
 
 
 
 
Assets
25


25


49


49


Liabilities
(67
)

(67
)

(66
)

(66
)

Cash equivalents and other short-term investments
1,015



1,015


792



792


Equity securities:
 
 
 
 
 
 
 
 
U.S. common and preferred stock (1)
5,165

5,164


1

7,605

7,605



Non-U.S. common and preferred stock
5,712

5,710



2

7,151

7,139

11

1

Derivatives:
 
 
 
 
 
 
 
 
Assets
11



11


9


9


Liabilities
(3
)


(3
)

(5
)


(5
)

Private equity (1)
3




3

3




3

Real estate and real assets:
 
 
 
 
 
 
 
 
Real estate
447

447





500

500





Real assets
632

351

275

6

743

369

370

4

Derivatives:
 
 
 
 
 
 
 
 
Assets
3


3



2



2



Liabilities
(2
)

(2
)


(11
)


(11
)


Total

$37,376


$11,681


$25,231


$464


$43,646


$15,622


$27,403


$621

 
 
 
 
 
 
 
 
 
Fixed income common/collective/pooled funds

$1,753

 
 
 

$2,127

 
 
 
Fixed income other
247

 
 
 
252

 
 
 
Equity common/collective pooled funds
4,948

 
 
 
2,658

 
 
 
Private equity
2,611

 
 
 
2,924

 
 
 
Real estate and real assets
3,637

 
 
 
3,523

 
 
 
Hedge funds
5,478

 
 
 
5,620

 
 
 
Total investments measured at NAV as a practical expedient

$18,674

 
 
 

$17,104

 
 
 
 
 
 
 
 
 
 
 
 
Cash

$162

 
 
 

$115

 
 
 
Receivables
435

 
 
 
447

 
 
 
Payables
(133
)
 
 
 
(193
)
 
 
 
Total

$56,514

 
 
 

$61,119

 
 
 
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
The following tables present a reconciliation of Level 3 assets (excluding investments which are valued using NAVs as a practical expedient) held during the years ended December 31, 2015 and 2014. Transfers into and out of Level 3 are reported at the beginning-of-year values.
 
January 1
2015 Balance

 
Net Realized and Unrealized (Losses)

 
Net Purchases, Issuances and Settlements

 
Net Transfers Into Level 3

 
December 31
2015 Balance

Fixed income securities:
 
 
 
 
 
 
 
 
 
Corporate (1)

$1

 
 
 

$1

 

$1

 

$3

U.S. government and agencies (1)
1

 
 
 
 
 
 
 
1

Mortgage backed and asset
 backed (1)
611

 

($9
)
 
(157
)
 
3

 
448

Other
 
 
(3
)
 
3

 
 
 


Equity securities:
 
 
 
 
 
 
 
 


U.S. common and preferred stock
 
 
 
 
 
 
1

 
1

Non-U.S. common and preferred stock
1

 


 
(2
)
 
3

 
2

Private equity
3

 


 


 


 
3

Real assets
4

 


 
2

 


 
6

Total

$621

 

($12
)
 

($153
)
 

$8

 

$464

 
January 1
2014 Balance

 
Net Realized and Unrealized Gains

 
Net Purchases, Issuances and Settlements

 
Net Transfers Into/(Out of) Level 3

 
December 31
2014 Balance

Fixed income securities:
 
 
 
 
 
 
 
 
 
Corporate (2)

$19

 


 

($7
)
 

($10
)
 

$2

Mortgage backed and asset backed (2)
554

 

$14

 
10

 
33

 
611

Equity securities:
 
 
 
 
 
 
 
 
 
Non-U.S. common and preferred stock
1

 
 
 
(1
)
 
1

 
1

Private equity
3

 


 


 
 
 
3

Real assets

 


 
4

 
 
 
4

Total

$577

 

$14

 

$6

 

$24

 

$621
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 participant contributions. OPB payments reflect our portion only.
Year(s)
2016

 
2017

 
2018

 
2019

 
2020

 
2021-2025

Pensions

$4,311

 

$4,419

 

$4,479

 

$4,451

 

$4,488

 

$22,724

Other postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
Gross benefits paid
521

 
546

 
574

 
595

 
626

 
3,139

Subsidies
(38
)
 
(38
)
 
(38
)
 
(37
)
 
(37
)
 
(177
)
Net other postretirement benefits

$483

 

$508

 

$536

 

$558

 

$589

 

$2,962