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Pensions And Other Postretirement Benefits (Tables)
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12 Months Ended |
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Dec. 31, 2012
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| Plan Contributions [Abstract] |
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| Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block] |
The following table summarizes estimated amounts to be amortized from Accumulated other comprehensive loss into net periodic benefit cost in the year ended 2013 based on December 31, 2012 plan measurements (dollars in millions): | | | | | | | | | | | | | | | | | | U.S. Pension Plans | | Non-U.S. Pension Plans | | U.S. Other Benefit Plans | | Non-U.S. Other Benefit Plans | Amortization of prior service (credit) cost | $ | (4 | ) | | $ | 20 |
| | $ | (116 | ) | | $ | (15 | ) | Amortization of net actuarial loss (gain) | 6 |
| | 206 |
| | 91 |
| | 7 |
| | $ | 2 |
| | $ | 226 |
| | $ | (25 | ) | | $ | (8 | ) |
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| Schedule of pension contributions to the defined benefit pension plans [Table Text Block] |
The following table summarizes contributions made to the defined benefit pension plans or direct payments to plan beneficiaries (dollars in millions): | | | | | | | | | | | | | | Years Ended December 31, | | 2012 | | 2011 | | 2010 | U.S. hourly and salaried | $ | 2,420 |
| | $ | 1,962 |
| | $ | 4,095 |
| Non-U.S. | 855 |
| | 836 |
| | 777 |
| Total | $ | 3,275 |
| | $ | 2,798 |
| | $ | 4,872 |
|
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| Contributions to the U.S. OPEB Plans [Table Text Block] |
The following table summarizes contributions to the U.S. OPEB plans (dollars in millions): | | | | | | | | | | | | | | Years Ended December 31, | | 2012 | | 2011 | | 2010 | Employer contributions | $ | 432 |
| | $ | 426 |
| | $ | 651 |
| Plan participants' contributions | 4 |
| | 13 |
| | 53 |
| Total contributions | $ | 436 |
| | $ | 439 |
| | $ | 704 |
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|
| Contributions to defined contribution plans [Table Text Block] |
The following table summarizes our contributions to defined contribution plans (dollars in millions): | | | | | | | | | | | | | | Years Ended December 31, | | 2012 | | 2011 | | 2010 | Total contributions | $ | 352 |
| | $ | 297 |
| | $ | 241 |
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| Pension and OPEB Obligations and Plan Assets [Table Text Block] |
The following tables summarize the change in benefit obligations and related plan assets (dollars in millions): | | | | | | | | | | | | | | | | | | Year Ended December 31, 2012 | | Pension Benefits | | Other Benefits | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | Change in benefit obligations | | | | | | | | Beginning benefit obligation | $ | 108,562 |
| | $ | 25,765 |
| | $ | 5,822 |
| | $ | 1,490 |
| Service cost | 452 |
| | 383 |
| | 23 |
| | 16 |
| Interest cost | 4,055 |
| | 1,110 |
| | 234 |
| | 63 |
| Plan participants' contributions | — |
| | 7 |
| | 4 |
| | 1 |
| Amendments | (32 | ) | | 139 |
| | — |
| | (52 | ) | Actuarial losses | 8,432 |
| | 2,774 |
| | 622 |
| | 13 |
| Benefits paid | (8,422 | ) | | (1,551 | ) | | (436 | ) | | (55 | ) | Foreign currency translation adjustments | — |
| | 682 |
| | — |
| | 30 |
| Curtailments, settlements and other | (30,937 | ) | | (8 | ) | | 2 |
| | 22 |
| Ending benefit obligation | 82,110 |
| | 29,301 |
| | 6,271 |
| | 1,528 |
| Change in plan assets | | | | | | | | Beginning fair value of plan assets | 94,349 |
| | 14,541 |
| | — |
| | — |
| Actual return on plan assets | 10,332 |
| | 1,344 |
| | — |
| | — |
| Employer contributions | 2,420 |
| | 855 |
| | 432 |
| | 54 |
| Plan participants' contributions | — |
| | 7 |
| | 4 |
| | 1 |
| Benefits paid | (8,422 | ) | | (1,551 | ) | | (436 | ) | | (55 | ) | Foreign currency translation adjustments | — |
| | 389 |
| | — |
| | — |
| Settlements | (30,629 | ) | | (207 | ) | | — |
| | — |
| Other | 35 |
| | 163 |
| | — |
| | — |
| Ending fair value of plan assets | 68,085 |
| | 15,541 |
| | — |
| | — |
| Ending funded status | $ | (14,025 | ) | | $ | (13,760 | ) | | $ | (6,271 | ) | | $ | (1,528 | ) | Amounts recorded in the consolidated balance sheets | | | | | | | | Non-current assets | $ | — |
| | $ | 73 |
| | $ | — |
| | $ | — |
| Current liabilities | (95 | ) | | (343 | ) | | (406 | ) | | (84 | ) | Non-current liabilities | (13,930 | ) | | (13,490 | ) | | (5,865 | ) | | (1,444 | ) | Net amount recorded | $ | (14,025 | ) | | $ | (13,760 | ) | | $ | (6,271 | ) | | $ | (1,528 | ) | Amounts recorded in Accumulated other comprehensive loss | | | | | | | | Net actuarial loss | $ | (1,434 | ) | | $ | (4,786 | ) | | $ | (1,573 | ) | | $ | (188 | ) | Net prior service (cost) credit | 42 |
| | (111 | ) | | 135 |
| | 118 |
| Total recorded in Accumulated other comprehensive loss | $ | (1,392 | ) | | $ | (4,897 | ) | | $ | (1,438 | ) | | $ | (70 | ) |
| | | | | | | | | | | | | | | | | | Year Ended December 31, 2011 | | Pension Benefits | | Other Benefits | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | Change in benefit obligations | | | | | | | | Beginning benefit obligation | $ | 103,395 |
| | $ | 24,762 |
| | $ | 5,667 |
| | $ | 4,252 |
| Service cost | 494 |
| | 399 |
| | 23 |
| | 30 |
| Interest cost | 4,915 |
| | 1,215 |
| | 265 |
| | 186 |
| Plan participants' contributions | — |
| | 7 |
| | 13 |
| | 9 |
| Amendments | (6 | ) | | (10 | ) | | (284 | ) | | (2 | ) | Actuarial losses | 8,494 |
| | 1,530 |
| | 548 |
| | 343 |
| Benefits paid | (8,730 | ) | | (1,561 | ) | | (439 | ) | | (180 | ) | Early retirement reinsurance program receipts | — |
| | — |
| | 29 |
| | — |
| Foreign currency translation adjustments | — |
| | (508 | ) | | — |
| | (128 | ) | HCT settlement | — |
| | — |
| | — |
| | (3,051 | ) | Curtailments, settlements, and other | — |
| | (69 | ) | | — |
| | 31 |
| Ending benefit obligation | 108,562 |
| | 25,765 |
| | 5,822 |
| | 1,490 |
| Change in plan assets | | | | | | | | Beginning fair value of plan assets | 91,007 |
| | 14,903 |
| | — |
| | — |
| Actual return on plan assets | 10,087 |
| | 686 |
| | — |
| | — |
| Employer contributions | 1,962 |
| | 836 |
| | 426 |
| | 171 |
| Plan participants' contributions | — |
| | 7 |
| | 13 |
| | 9 |
| Benefits paid | (8,730 | ) | | (1,561 | ) | | (439 | ) | | (180 | ) | Foreign currency translation adjustments | — |
| | (258 | ) | | — |
| | — |
| Settlements | — |
| | (34 | ) | | — |
| | — |
| Other | 23 |
| | (38 | ) | | — |
| | — |
| Ending fair value of plan assets | 94,349 |
| | 14,541 |
| | — |
| | — |
| Ending funded status | $ | (14,213 | ) | | $ | (11,224 | ) | | $ | (5,822 | ) | | $ | (1,490 | ) | Amounts recorded in the consolidated balance sheets | | | | | | | | Non-current assets | $ | — |
| | $ | 61 |
| | $ | — |
| | $ | — |
| Current liabilities | (99 | ) | | (324 | ) | | (411 | ) | | (65 | ) | Non-current liabilities | (14,114 | ) | | (10,961 | ) | | (5,411 | ) | | (1,425 | ) | Net amount recorded | $ | (14,213 | ) | | $ | (11,224 | ) | | $ | (5,822 | ) | | $ | (1,490 | ) | Amounts recorded in Accumulated other comprehensive loss | | | | | | | | Net actuarial loss | $ | (1,352 | ) | | $ | (2,498 | ) | | $ | (1,003 | ) | | $ | (177 | ) | Net prior service credit | 15 |
| | 19 |
| | 251 |
| | 76 |
| Total recorded in Accumulated other comprehensive loss | $ | (1,337 | ) | | $ | (2,479 | ) | | $ | (752 | ) | | $ | (101 | ) |
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| Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block] |
The following table summarizes the total accumulated benefit obligations (ABO), the fair value of plan assets for defined benefit pension plans with ABO in excess of plan assets, and the projected benefit obligation (PBO) and fair value of plan assets for defined benefit pension plans with PBO in excess of plan assets (dollars in millions): | | | | | | | | | | | | | | | | | | December 31, 2012 | | December 31, 2011 | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | ABO | $ | 82,103 |
| | $ | 28,880 |
| | $ | 108,195 |
| | $ | 25,404 |
| Plans with ABO in excess of plan assets | | | | | | | | ABO | $ | 82,103 |
| | $ | 28,156 |
| | $ | 108,195 |
| | $ | 24,687 |
| Fair value of plan assets | $ | 68,085 |
| | $ | 14,702 |
| | $ | 94,349 |
| | $ | 13,738 |
| Plans with PBO in excess of plan assets | | | | | | | | PBO | $ | 82,110 |
| | $ | 28,537 |
| | $ | 108,562 |
| | $ | 25,024 |
| Fair value of plan assets | $ | 68,085 |
| | $ | 14,704 |
| | $ | 94,349 |
| | $ | 13,739 |
|
|
| Components of Net Periodic Pension and OPEB Expense with Assumptions [Table Text Block] |
The following tables summarize the components of net periodic pension and OPEB expense along with the assumptions used to determine benefit obligations (dollars in millions): | | | | | | | | | | | | | | | | | | Year Ended December 31, 2012 | | Pension Benefits | | Other Benefits | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | Components of expense | | | | | | | | Service cost | $ | 590 |
| | $ | 411 |
| | $ | 23 |
| | $ | 16 |
| Interest cost | 4,055 |
| | 1,110 |
| | 234 |
| | 63 |
| Expected return on plan assets | (5,029 | ) | | (870 | ) | | — |
| | — |
| Amortization of prior service cost (credit) | (1 | ) | | 1 |
| | (116 | ) | | (12 | ) | Recognized net actuarial loss | 2 |
| | 35 |
| | 52 |
| | 6 |
| Curtailments, settlements and other losses | 2,580 |
| | 71 |
| | — |
| | 11 |
| Net periodic pension and OPEB expense | $ | 2,197 |
| | $ | 758 |
| | $ | 193 |
| | $ | 84 |
| | | | | | | | | Weighted-average assumptions used to determine benefit obligations | | | | | | | | Discount rate | 3.59 | % | | 3.70 | % | | 3.68 | % | | 3.97 | % | Rate of compensation increase(a) | N/A |
| | 2.77 | % | | 4.50 | % | | 4.21 | % | Weighted-average assumptions used to determine net expense | | | | | | | | Discount rate | 4.06 | % | | 4.45 | % | | 4.24 | % | | 4.31 | % | Expected return on plan assets | 6.18 | % | | 6.20 | % | | N/A |
| | N/A |
| Rate of compensation increase | 4.50 | % | | 3.15 | % | | 4.50 | % | | 4.21 | % |
_________ | | (a) | As a result of ceasing the accrual of additional benefits for participants in the Retiree Plan in 2012, the rate of compensation increase does not have a significant effect on our U.S. pension plans. |
| | | | | | | | | | | | | | | | | | Year Ended December 31, 2011 | | Pension Benefits | | Other Benefits | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | Components of expense | | | | | | | | Service cost | $ | 632 |
| | $ | 399 |
| | $ | 23 |
| | $ | 30 |
| Interest cost | 4,915 |
| | 1,215 |
| | 265 |
| | 186 |
| Expected return on plan assets | (6,692 | ) | | (925 | ) | | — |
| | — |
| Amortization of prior service credit | (2 | ) | | (2 | ) | | (39 | ) | | (9 | ) | Recognized net actuarial loss | — |
| | — |
| | 6 |
| | — |
| Curtailments, settlements and other gains | (23 | ) | | (7 | ) | | — |
| | (749 | ) | Net periodic pension and OPEB (income) expense | $ | (1,170 | ) | | $ | 680 |
| | $ | 255 |
| | $ | (542 | ) | | | | | | | | | Weighted-average assumptions used to determine benefit obligations | | | | | | | | Discount rate | 4.15 | % | | 4.50 | % | | 4.24 | % | | 4.37 | % | Rate of compensation increase | 4.50 | % | | 3.11 | % | | 4.50 | % | | 4.20 | % | Weighted-average assumptions used to determine net expense | | | | | | | | Discount rate | 4.96 | % | | 5.16 | % | | 5.05 | % | | 5.01 | % | Expected return on plan assets | 8.00 | % | | 6.50 | % | | N/A |
| | N/A |
| Rate of compensation increase | 3.96 | % | | 3.25 | % | | 4.50 | % | | 4.42 | % |
| | | | | | | | | | | | | | | | | | Year Ended December 31, 2010 | | Pension Benefits | | Other Benefits | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | Components of expense | | | | | | | | Service cost | $ | 548 |
| | $ | 386 |
| | $ | 21 |
| | $ | 32 |
| Interest cost | 5,275 |
| | 1,187 |
| | 288 |
| | 200 |
| Expected return on plan assets | (6,611 | ) | | (987 | ) | | — |
| | — |
| Amortization of prior service cost (credit) | (1 | ) | | (1 | ) | | 3 |
| | (9 | ) | Recognized net actuarial loss | — |
| | 21 |
| | — |
| | — |
| Curtailments, settlements, and other losses | — |
| | 60 |
| | — |
| | — |
| Net periodic pension and OPEB (income) expense | $ | (789 | ) | | $ | 666 |
| | $ | 312 |
| | $ | 223 |
| | | | | | | | | Weighted-average assumptions used to determine benefit obligations | | | | | | | | Discount rate | 4.96 | % | | 5.09 | % | | 5.07 | % | | 4.97 | % | Rate of compensation increase | 3.96 | % | | 3.25 | % | | 1.41 | % | | 4.33 | % | Weighted-average assumptions used to determine net expense | | | | | | | | Discount rate | 5.36 | % | | 5.19 | % | | 5.57 | % | | 5.22 | % | Expected return on plan assets | 8.48 | % | | 7.42 | % | | 8.50 | % | | N/A |
| Rate of compensation increase | 3.94 | % | | 3.25 | % | | 1.48 | % | | 4.45 | % |
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| Schedule of Health Care Cost Trend Rates [Table Text Block] |
Healthcare Trend Rate
As a result of previous modifications made to healthcare plans, there are no significant uncapped U.S. healthcare plans remaining, therefore, the healthcare cost trend rate does not have a significant effect on our U.S. plans. The implementation of the HCT at October 31, 2011 eliminated significant exposure to changes in the healthcare cost trend rate for non-U.S. plans. | | | | December 31, 2010 | Assumed Healthcare Trend Rates | | Initial healthcare cost trend rate | 5.6% | Ultimate healthcare cost trend rate | 3.4% | Number of years to ultimate trend rate | 8 |
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| Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block] |
Healthcare trend rate assumptions are determined for inclusion in healthcare OPEB valuation at each remeasurement. The healthcare trend rates are developed using historical cash expenditures and near-term outlook for retiree healthcare. This information is supplemented with information gathered from actuarial based models, information obtained from healthcare providers and known significant events.
The following table summarizes the effect of a one-percentage point change in the assumed healthcare trend rates for non-U.S. plans (dollars in millions): | | | | | | | | |
| Effect on 2011 Aggregate Service and Interest Cost | | Effect on December 31, 2010 APBO | Change in Assumption | | | | One percentage point increase | $ | 31 |
| | $ | 491 |
| One percentage point decrease | $ | (25 | ) | | $ | (392 | ) |
|
| Target Allocations by Asset Category [Table Text Block] |
The following table summarizes the target allocations by asset category for U.S. and non-U.S. defined benefit pension plans: | | | | | | | | | | | | | | December 31, 2012 | | December 31, 2011 | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | Asset Categories | | | | | | | | Equity | 19 | % | | 30 | % | | 14 | % | | 34 | % | Debt | 60 | % | | 53 | % | | 66 | % | | 45 | % | Alternatives(a) | 21 | % | | 17 | % | | 20 | % | | 21 | % | Total | 100 | % | | 100 | % | | 100 | % | | 100 | % |
__________ | | (a) | Includes private equity, real estate and absolute return strategies which primarily consist of hedge funds. |
|
| Schedule of Allocation of Plan Assets [Table Text Block] |
The following tables summarize the fair value of defined benefit pension plan assets by asset class (dollars in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements of U.S. Plan Assets at December 31, 2012 | | Fair Value Measurements of Non-U.S. Plan Assets at December 31, 2012 | | Total U.S. and Non- U.S. Plan Assets | Assets | Level 1 | | Level 2 | | Level 3 | | Total | | Level 1 | | Level 2 | | Level 3 | | Total | | Cash equivalents and other short-term investments | $ | — |
| | $ | 551 |
| | $ | — |
| | $ | 551 |
| | $ | — |
| | $ | 151 |
| | $ | — |
| | $ | 151 |
| | $ | 702 |
| Common and preferred stocks(a) | 9,663 |
| | 26 |
| | 19 |
| | 9,708 |
| | 2,227 |
| | — |
| | — |
| | 2,227 |
| | 11,935 |
| Government and agency debt securities(b) | — |
| | 17,835 |
| | — |
| | 17,835 |
| | — |
| | 3,722 |
| | — |
| | 3,722 |
| | 21,557 |
| Corporate debt securities(c) | — |
| | 19,116 |
| | 77 |
| | 19,193 |
| | — |
| | 2,596 |
| | 2 |
| | 2,598 |
| | 21,791 |
| Agency mortgage and asset-backed securities | — |
| | 1,544 |
| | — |
| | 1,544 |
| | — |
| | 38 |
| | — |
| | 38 |
| | 1,582 |
| Non-agency mortgage and asset-backed securities | — |
| | 260 |
| | 105 |
| | 365 |
| | — |
| | 16 |
| | 3 |
| | 19 |
| | 384 |
| Investment funds | | | | | | | | | | | | | | | | | | Equity funds | 66 |
| | 253 |
| | 195 |
| | 514 |
| | 212 |
| | 2,009 |
| | — |
| | 2,221 |
| | 2,735 |
| Fixed income funds | 16 |
| | 498 |
| | 190 |
| | 704 |
| | — |
| | 1,046 |
| | 14 |
| | 1,060 |
| | 1,764 |
| Funds of hedge funds | — |
| | — |
| | 3,768 |
| | 3,768 |
| | — |
| | — |
| | 627 |
| | 627 |
| | 4,395 |
| Global macro funds | — |
| | 111 |
| | 11 |
| | 122 |
| | — |
| | — |
| | — |
| | — |
| | 122 |
| Multi-strategy funds | — |
| | 583 |
| | 727 |
| | 1,310 |
| | — |
| | 26 |
| | — |
| | 26 |
| | 1,336 |
| Other investment funds(d) | — |
| | 143 |
| | 68 |
| | 211 |
| | — |
| | 9 |
| | — |
| | 9 |
| | 220 |
| Private equity and debt investments(e) | — |
| | — |
| | 6,400 |
| | 6,400 |
| | — |
| | — |
| | 381 |
| | 381 |
| | 6,781 |
| Real estate investments(f) | 412 |
| | — |
| | 4,335 |
| | 4,747 |
| | 19 |
| | 31 |
| | 1,422 |
| | 1,472 |
| | 6,219 |
| Other investments | — |
| | — |
| | 63 |
| | 63 |
| | — |
| | — |
| | 665 |
| | 665 |
| | 728 |
| Derivatives | | | | | | | | | | | | | | | | | | Interest rate contracts | 15 |
| | 1,553 |
| | — |
| | 1,568 |
| | — |
| | — |
| | — |
| | — |
| | 1,568 |
| Foreign currency exchange contracts | — |
| | 38 |
| | — |
| | 38 |
| | — |
| | 40 |
| | — |
| | 40 |
| | 78 |
| Equity contracts | 6 |
| | 86 |
| | 1 |
| | 93 |
| | 2 |
| | — |
| | — |
| | 2 |
| | 95 |
| Total assets | 10,178 |
| | 42,597 |
| | 15,959 |
| | 68,734 |
| | 2,460 |
| | 9,684 |
| | 3,114 |
| | 15,258 |
| | 83,992 |
| | | | | | | | | | | | | | | | | | | Liabilities | | | | | | | | | | | | | | | | | | Government and agency debt securities(g) | — |
| | (15 | ) | | — |
| | (15 | ) | | — |
| | — |
| | — |
| | — |
| | (15 | ) | Derivatives | | | | | | | | | | | | | | | | | | Interest rate contracts | (21 | ) | | (977 | ) | | (8 | ) | | (1,006 | ) | | (4 | ) | | — |
| | — |
| | (4 | ) | | (1,010 | ) | Foreign currency exchange contracts | — |
| | (37 | ) | | — |
| | (37 | ) | | — |
| | (36 | ) | | — |
| | (36 | ) | | (73 | ) | Equity contracts | (4 | ) | | (86 | ) | | (1 | ) | | (91 | ) | | (1 | ) | | — |
| | — |
| | (1 | ) | | (92 | ) | Total liabilities | (25 | ) | | (1,115 | ) | | (9 | ) | | (1,149 | ) | | (5 | ) | | (36 | ) | | — |
| | (41 | ) | | (1,190 | ) | | | | | | | | | | | | | | | | | | | Net plan assets subject to leveling | $ | 10,153 |
| | $ | 41,482 |
| | $ | 15,950 |
| | 67,585 |
| | $ | 2,455 |
| | $ | 9,648 |
| | $ | 3,114 |
| | 15,217 |
| | 82,802 |
| | | | | | | | | | | | | | | | | | | Other plan assets and liabilities(h) | | | | | | | 500 |
| | | | | | | | 324 |
| | 824 |
| | | | | | | | | | | | | | | | | | | Net Plan Assets | | | | | | | $ | 68,085 |
| | | | | | | | $ | 15,541 |
| | $ | 83,626 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements of U.S. Plan Assets at December 31, 2011 | | Fair Value Measurements of Non-U.S. Plan Assets at December 31, 2011 | | Total U.S. and Non- U.S. Plan Assets | Assets | Level 1 | | Level 2 | | Level 3 | | Total | | Level 1 | | Level 2 | | Level 3 | | Total | | Cash equivalents and other short-term investments | $ | — |
| | $ | 100 |
| | $ | — |
| | $ | 100 |
| | $ | — |
| | $ | 533 |
| | $ | — |
| | $ | 533 |
| | $ | 633 |
| Common and preferred stocks(a) | 11,134 |
| | 78 |
| | 46 |
| | 11,258 |
| | 2,109 |
| | 2 |
| | — |
| | 2,111 |
| | 13,369 |
| Government and agency debt securities(b) | — |
| | 21,531 |
| | 3 |
| | 21,534 |
| | — |
| | 3,613 |
| | 1 |
| | 3,614 |
| | 25,148 |
| Corporate debt securities(c) | — |
| | 22,725 |
| | 352 |
| | 23,077 |
| | — |
| | 1,820 |
| | 4 |
| | 1,824 |
| | 24,901 |
| Agency mortgage and asset-backed securities | — |
| | 1,847 |
| | — |
| | 1,847 |
| | — |
| | 94 |
| | — |
| | 94 |
| | 1,941 |
| Non-agency mortgage and asset-backed securities | — |
| | 1,399 |
| | 197 |
| | 1,596 |
| | — |
| | 49 |
| | 4 |
| | 53 |
| | 1,649 |
| Group annuity contracts | — |
| | — |
| | 3,209 |
| | 3,209 |
| | — |
| | — |
| | — |
| | — |
| | 3,209 |
| Investment funds | | | | | | | | | | | | | | | | | | Equity funds | 23 |
| | 852 |
| | 521 |
| | 1,396 |
| | — |
| | 1,837 |
| | 146 |
| | 1,983 |
| | 3,379 |
| Fixed income funds | — |
| | 1,092 |
| | 1,210 |
| | 2,302 |
| | — |
| | 1,142 |
| | 20 |
| | 1,162 |
| | 3,464 |
| Funds of hedge funds | — |
| | — |
| | 5,918 |
| | 5,918 |
| | — |
| | — |
| | 585 |
| | 585 |
| | 6,503 |
| Global macro funds | — |
| | 266 |
| | 4 |
| | 270 |
| | — |
| | — |
| | 236 |
| | 236 |
| | 506 |
| Multi-strategy funds | 24 |
| | 949 |
| | 2,123 |
| | 3,096 |
| | — |
| | 24 |
| | — |
| | 24 |
| | 3,120 |
| Other investment funds(d) | — |
| | 335 |
| | 143 |
| | 478 |
| | — |
| | — |
| | 11 |
| | 11 |
| | 489 |
| Private equity and debt investments(e) | — |
| | — |
| | 8,444 |
| | 8,444 |
| | — |
| | — |
| | 298 |
| | 298 |
| | 8,742 |
| Real estate investments(f) | 1,279 |
| | — |
| | 5,092 |
| | 6,371 |
| | 13 |
| | 27 |
| | 1,345 |
| | 1,385 |
| | 7,756 |
| Other investments | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 428 |
| | 428 |
| | 428 |
| Derivatives | | | | | | | | | | | | | | | | | | Interest rate contracts | 138 |
| | 4,180 |
| | 9 |
| | 4,327 |
| | 4 |
| | — |
| | — |
| | 4 |
| | 4,331 |
| Foreign currency exchange contracts | — |
| | 152 |
| | — |
| | 152 |
| | — |
| | 59 |
| | — |
| | 59 |
| | 211 |
| Equity contracts | 61 |
| | 15 |
| | — |
| | 76 |
| | 17 |
| | — |
| | — |
| | 17 |
| | 93 |
| Credit contracts | — |
| | 79 |
| | — |
| | 79 |
| | — |
| | — |
| | — |
| | — |
| | 79 |
| Total assets | 12,659 |
| | 55,600 |
| | 27,271 |
| | 95,530 |
| | 2,143 |
| | 9,200 |
| | 3,078 |
| | 14,421 |
| | 109,951 |
| | | | | | | | | | | | | | | | | | | Liabilities | | | | | | | | | | | | | | | | | | Agency mortgage and asset-backed securities(g) | — |
| | (67 | ) | | — |
| | (67 | ) | | — |
| | — |
| | — |
| | — |
| | (67 | ) | Derivatives | | | | | | | | | | | | | | | | | | Interest rate contracts | (28 | ) | | (1,752 | ) | | (2 | ) | | (1,782 | ) | | (4 | ) | | — |
| | — |
| | (4 | ) | | (1,786 | ) | Foreign currency exchange contracts | — |
| | (75 | ) | | — |
| | (75 | ) | | — |
| | (46 | ) | | — |
| | (46 | ) | | (121 | ) | Equity contracts | (17 | ) | | (14 | ) | | — |
| | (31 | ) | | (3 | ) | | — |
| | — |
| | (3 | ) | | (34 | ) | Credit contracts | — |
| | (29 | ) | | (6 | ) | | (35 | ) | | — |
| | — |
| | — |
| | — |
| | (35 | ) | Total liabilities | (45 | ) | | (1,937 | ) | | (8 | ) | | (1,990 | ) | | (7 | ) | | (46 | ) | | — |
| | (53 | ) | | (2,043 | ) | | | | | | | | | | | | | | | | | | | Net plan assets subject to leveling | $ | 12,614 |
| | $ | 53,663 |
| | $ | 27,263 |
| | 93,540 |
| | $ | 2,136 |
| | $ | 9,154 |
| | $ | 3,078 |
| | 14,368 |
| | 107,908 |
| | | | | | | | | | | | | | | | | | | Other plan assets and liabilities(h) | | | | | | | 809 |
| | | | | | | | 173 |
| | 982 |
| | | | | | | | | | | | | | | | | | | Net Plan Assets | | | | | | | $ | 94,349 |
| | | | | | | | $ | 14,541 |
| | $ | 108,890 |
|
__________ | | (a) | Includes GM common stock of $1.4 billion and $1.2 billion within Level 1 of U.S. plan assets at December 31, 2012 and 2011. |
| | (b) | Includes U.S. and sovereign government and agency issues; excludes mortgage and asset-backed securities. |
| | (c) | Includes bank debt obligations. |
| | (d) | Primarily investments in alternative investment funds. |
| | (e) | Includes private equity investment funds. |
| | (f) | Includes investment funds and public real estate investment trusts. |
| | (g) | Primarily investments sold short. |
| | (h) | Cash held by the plans, net of amounts payable for investment manager fees, custody fees and other expenses. |
|
| Schedules of U.S. and Non-US Pension Rollforward [Table Text Block] |
The following tables summarize the activity for U.S. plan assets classified in Level 3 (dollars in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at January 1, 2012 | | Net Realized/ Unrealized Gains (Loss) | | Purchases, Sales and Settlements, Net | | Transfers Into/ Out of Level 3 | | Balance at December 31, 2012 | | Change in Unrealized Gains/(Losses) Attributable to Assets Held at December 31, 2012 | Assets | | | | | | | | | | | | Common and preferred stocks | $ | 46 |
| | $ | 1 |
| | $ | (25 | ) | | $ | (3 | ) | | $ | 19 |
| | $ | 3 |
| Government and agency debt securities | 3 |
| | (1 | ) | | (2 | ) | | — |
| | — |
| | — |
| Corporate debt securities | 352 |
| | 1 |
| | (258 | ) | | (18 | ) | | 77 |
| | (35 | ) | Non-agency mortgage and asset- backed securities | 197 |
| | 34 |
| | (120 | ) | | (6 | ) | | 105 |
| | 24 |
| Group annuity contracts | 3,209 |
| | 77 |
| | (3,286 | ) | | — |
| | — |
| | — |
| Investment funds | | | | | | | | | | | | Equity funds | 521 |
| | 51 |
| | (414 | ) | | 37 |
| | 195 |
| | 18 |
| Fixed income funds | 1,210 |
| | 47 |
| | (1,067 | ) | | — |
| | 190 |
| | (3 | ) | Funds of hedge funds | 5,918 |
| | 310 |
| | (2,460 | ) | | — |
| | 3,768 |
| | 239 |
| Global macro funds | 4 |
| | — |
| | (1 | ) | | 8 |
| | 11 |
| | — |
| Multi-strategy funds | 2,123 |
| | 53 |
| | (1,453 | ) | | 4 |
| | 727 |
| | (6 | ) | Other investment funds | 143 |
| | 2 |
| | (77 | ) | | — |
| | 68 |
| | 4 |
| Private equity and debt investments | 8,444 |
| | 1,022 |
| | (3,038 | ) | | (28 | ) | | 6,400 |
| | 154 |
| Real estate investments | 5,092 |
| | 198 |
| | (955 | ) | | — |
| | 4,335 |
| | (80 | ) | Other Investments | — |
| | — |
| | 63 |
| | — |
| | 63 |
| | — |
| Total assets | 27,262 |
| | 1,795 |
| | (13,093 | ) | | (6 | ) | | 15,958 |
| | 318 |
| | | | | | | | | | | | | Derivatives, net | | | | | | | | | | | | Interest rate contracts | 7 |
| | 3 |
| | (14 | ) | | (4 | ) | | (8 | ) | | (1 | ) | Equity contracts | — |
| | 1 |
| | (1 | ) | | — |
| | — |
| | — |
| Credit contracts | (6 | ) | | — |
| | 6 |
| | — |
| | — |
| | — |
| Total net assets | $ | 27,263 |
| | $ | 1,799 |
| | $ | (13,102 | ) | | $ | (10 | ) | | $ | 15,950 |
| | $ | 317 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | Balance at January 1, 2011 | | Net Realized/ Unrealized Gains (Loss) | | Purchases, Sales and Settlements, Net | | Transfers Into/ Out of Level 3 | | Balance at December 31, 2011 | | Change in Unrealized Gains/(Losses) Attributable to Assets Held at December 31, 2011 | Assets | | | | | | | | | | | | Common and preferred stocks | $ | 64 |
| | $ | (4 | ) | | $ | (11 | ) | | $ | (3 | ) | | $ | 46 |
| | $ | (53 | ) | Government and agency debt securities | 75 |
| | (9 | ) | | (63 | ) | | — |
| | 3 |
| | 1 |
| Corporate debt securities | 562 |
| | (29 | ) | | (168 | ) | | (13 | ) | | 352 |
| | (49 | ) | Non-agency mortgage and asset- backed securities | 821 |
| | (8 | ) | | (625 | ) | | 9 |
| | 197 |
| | (57 | ) | Group annuity contracts | 3,115 |
| | 302 |
| | (208 | ) | | — |
| | 3,209 |
| | 302 |
| Investment funds | | | | | | | | | | | | Equity funds | 382 |
| | (129 | ) | | 268 |
| | — |
| | 521 |
| | (120 | ) | Fixed income funds | 2,287 |
| | 40 |
| | (1,026 | ) | | (91 | ) | | 1,210 |
| | 124 |
| Funds of hedge funds | 6,344 |
| | (56 | ) | | (370 | ) | | — |
| | 5,918 |
| | (23 | ) | Global macro funds | 4 |
| | — |
| | — |
| | — |
| | 4 |
| | — |
| Multi-strategy funds | 3,546 |
| | (100 | ) | | (1,297 | ) | | (26 | ) | | 2,123 |
| | 63 |
| Other investment funds | 186 |
| | (19 | ) | | (24 | ) | | — |
| | 143 |
| | (19 | ) | Private equity and debt investments | 8,037 |
| | 839 |
| | (432 | ) | | — |
| | 8,444 |
| | (12 | ) | Real estate investments | 5,508 |
| | 799 |
| | (1,215 | ) | | — |
| | 5,092 |
| | 382 |
| Total assets | 30,931 |
| | 1,626 |
| | (5,171 | ) | | (124 | ) | | 27,262 |
| | 539 |
| | | | | | | | | | | | | Liabilities | | | | | | | | | | | | Corporate debt securities | (2 | ) | | — |
| | — |
| | 2 |
| | — |
| | — |
| Total liabilities | (2 | ) | | — |
| | — |
| | 2 |
| | — |
| | — |
| | | | | | | | | | | | | Derivatives, net | | | | | | | | | | | | Interest rate contracts | (18 | ) | | 25 |
| | — |
| | — |
| | 7 |
| | 25 |
| Foreign currency exchange contracts | 1 |
| | — |
| | (1 | ) | | — |
| | — |
| | — |
| Equity contracts | (41 | ) | | 50 |
| | (9 | ) | | — |
| | — |
| | (1 | ) | Credit contracts | (1 | ) | | (4 | ) | | (1 | ) | | — |
| | (6 | ) | | (7 | ) | Total net assets | $ | 30,870 |
| | $ | 1,697 |
| | $ | (5,182 | ) | | $ | (122 | ) | | $ | 27,263 |
| | $ | 556 |
|
The following tables summarize the activity for non-U.S. plan assets classified in Level 3 (dollars in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at January 1, 2012 | | Net Realized/ Unrealized Gains (Loss) | | Purchases, Sales and Settlements, Net | | Transfers Into/Out of Level 3 | | Foreign Currency Exchange Rate Movements | | Balance at December 31, 2012 | | Change in Unrealized Gains/(Losses) Attributable to Assets Held at December 31, 2012 | Assets | | | | | | | | | | | | | | Government and agency debt securities | $ | 1 |
| | $ | — |
| | $ | (1 | ) | | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| Corporate debt securities | 4 |
| | 2 |
| | (4 | ) | | — |
| | — |
| | 2 |
| | — |
| Non-agency mortgage and asset-backed securities | 4 |
| | — |
| | (4 | ) | | 3 |
| | — |
| | 3 |
| | — |
| Investment funds | | | | | | | | | | | | | | Equity funds | 146 |
| | (24 | ) | | (124 | ) | | — |
| | 2 |
| | — |
| | — |
| Fixed income funds | 20 |
| | — |
| | (6 | ) | | — |
| | — |
| | 14 |
| | — |
| Funds of hedge funds | 585 |
| | 25 |
| | — |
| | — |
| | 17 |
| | 627 |
| | 26 |
| Global macro funds | 236 |
| | 17 |
| | (258 | ) | | — |
| | 5 |
| | — |
| | — |
| Other investment funds | 11 |
| | — |
| | (11 | ) | | — |
| | — |
| | — |
| | — |
| Private equity and debt investments | 298 |
| | 46 |
| | 29 |
| | — |
| | 8 |
| | 381 |
| | 24 |
| Real estate investments | 1,345 |
| | 123 |
| | (82 | ) | | — |
| | 36 |
| | 1,422 |
| | 119 |
| Other investments | 428 |
| | 16 |
| | 203 |
| | — |
| | 18 |
| | 665 |
| | 10 |
| Total assets | $ | 3,078 |
| | $ | 205 |
| | $ | (258 | ) | | $ | 3 |
| | $ | 86 |
| | $ | 3,114 |
| | $ | 179 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at January 1, 2011 | | Net Realized/ Unrealized Gains (Loss) | | Purchases, Sales and Settlements, Net | | Transfers Into/Out of Level 3 | | Foreign Currency Exchange Rate Movements | | Balance at December 31, 2011 | | Change in Unrealized Gains/(Losses) Attributable to Assets Held at December 31, 2011 | Assets | | | | | | | | | | | | | | Government and agency debt securities | $ | 4 |
| | $ | — |
| | $ | — |
| | $ | (3 | ) | | $ | — |
| | $ | 1 |
| | $ | — |
| Corporate debt securities | 41 |
| | — |
| | (28 | ) | | (9 | ) | | — |
| | 4 |
| | — |
| Non-agency mortgage and asset-backed securities | — |
| | — |
| | (2 | ) | | 6 |
| | — |
| | 4 |
| | — |
| Investment funds | | | | | | | | | | | | | | Equity funds | 200 |
| | (32 | ) | | 9 |
| | (29 | ) | | (2 | ) | | 146 |
| | (33 | ) | Fixed income funds | — |
| | — |
| | (5 | ) | | 25 |
| | — |
| | 20 |
| | — |
| Funds of hedge funds | 74 |
| | (4 | ) | | 531 |
| | — |
| | (16 | ) | | 585 |
| | (4 | ) | Global macro funds | 255 |
| | (14 | ) | | — |
| | — |
| | (5 | ) | | 236 |
| | (14 | ) | Other investment funds | 103 |
| | — |
| | (94 | ) | | — |
| | 2 |
| | 11 |
| | — |
| Private equity and debt investments | 169 |
| | 28 |
| | 109 |
| | — |
| | (8 | ) | | 298 |
| | 28 |
| Real estate investments | 1,263 |
| | 203 |
| | (99 | ) | | — |
| | (22 | ) | | 1,345 |
| | 203 |
| Other investments | 281 |
| | 30 |
| | 121 |
| | 11 |
| | (15 | ) | | 428 |
| | 30 |
| Total assets | $ | 2,390 |
| | $ | 211 |
| | $ | 542 |
| | $ | 1 |
| | $ | (66 | ) | | $ | 3,078 |
| | $ | 210 |
|
|
| Schedule of Expected Benefit Payments [Table Text Block] |
The following table summarizes net benefit payments expected to be paid in the future, which include assumptions related to estimated future employee service (dollars in millions): | | | | | | | | | | | | | | | | | | | | Pension Benefits(a) | | Other Benefits | | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | 2013 | | $ | 6,052 |
| | $ | 1,491 |
| | $ | 421 |
| | $ | 63 |
| 2014 | | $ | 5,912 |
| | $ | 1,507 |
| | $ | 373 |
| | $ | 65 |
| 2015 | | $ | 5,861 |
| | $ | 1,546 |
| | $ | 366 |
| | $ | 67 |
| 2016 | | $ | 5,674 |
| | $ | 1,575 |
| | $ | 360 |
| | $ | 70 |
| 2017 | | $ | 5,558 |
| | $ | 1,588 |
| | $ | 356 |
| | $ | 72 |
| 2018 - 2022 | | $ | 25,259 |
| | $ | 8,092 |
| | $ | 1,713 |
| | $ | 391 |
|
__________ | | (a) | Benefits for most U.S. pension plans and certain non-U.S. pension plans are paid out of plan assets rather than our Cash and cash equivalents. |
|