Employee Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2013

Benefit Obligation Activity Using An Actuarial Measurement Date For Qualified Plan And SERP

Benefit obligation activity using an actuarial measurement date for our qualified plan and SERP at December 31 follows:

(In millions)	At December 31,
	2013			2012
Change in projected benefit obligation:
Benefit obligation, January 1	$	320		$	281
Service cost	13			12
Interest cost	13			14
Actuarial (gain) loss	(34		)	28
Benefits paid	(28		)	(15		)
Projected benefit obligation, December 31	$	284		$	320
Accumulated benefit obligation	$	257		$	282
Change in plan assets:
Fair value of plan assets, January 1	$	238		$	216
Actual return on plan assets	55			23
Employer contribution	15			14
Benefits paid	(28		)	(15		)
Fair value of plan assets, December 31	$	280		$	238
Funded status, December 31	$	(4	)	$	(82	)

Reconciliation Of The Funded Status For Qualified Plan And SERP

A reconciliation follows of the funded status for our qualified plan and SERP at the end of the measurement period to the amounts recognized in the consolidated balance sheets at December 31:

(In millions)	At December 31,
	2013			2012
Pension amounts recognized in the consolidated balance sheets:
Other assets	$	4		$	—
Other liabilities	(8		)	(82		)
Net amount recognized	$	(4	)	$	(82	)
Amounts recognized in accumulated other comprehensive income:
Net actuarial loss	$	18		$	100
Prior service cost	—			1
Total	$	18		$	101

Components Of Net Periodic Benefit Cost As Well As Other Changes In Plan Assets And Benefit Obligations Recognized In Other Comprehensive Income For Qualified Plan And SERP

Below are the components of our net periodic benefit cost, as well as other changes in plan assets and benefit obligations recognized in other comprehensive income for our qualified plan and SERP at December 31:

(In millions)	Years ended December 31,
	2013			2012			2011
Net periodic benefit cost:
Service cost	$	13		$	12		$	11
Interest cost	13			14			14
Expected return on plan assets	(17		)	(16		)	(16		)
Amortization of actuarial loss and prior service cost	9			8			4
Other	2			0			0
Net periodic benefit cost	$	20		$	18		$	13

(In millions)	Years ended December 31,
	2013			2012			2011
Other changes in plan assets and benefit obligations recognized in
other comprehensive income:
Current year actuarial (gain) loss	$	(72	)	$	20		$	30
Amortization of actuarial loss	(10		)	(6		)	(4		)
Amortization of prior service cost	(1		)	(1		)	(1		)
Total recognized in other comprehensive (income) loss	$	(83	)	$	13		$	25

Fair Value Hierarchy Of Assets Measured At Fair Value On A Recurring Basis

(In millions)	Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total
At December 31, 2013
Fixed maturities, available for sale:
States, municipalities and political subdivisions	$	—	$	32	$	—	$	32
Corporate securities	—		21		—		21
Total fixed maturities, available for sale	—		53		—		53
Common equities, available for sale	208		—		—		208
Total	$	208	$	53	$	—	$	261
At December 31, 2012
Fixed maturities, available for sale:
States, municipalities and political subdivisions	$	—	$	36	$	—	$	36
Corporate securities	—		24		—		24
Total fixed maturities, available for sale	—		60		—		60
Common equities, available for sale	175		—		—		175
Total	$	175	$	60	$	—	$	235

Expected Future Benefit Payments For Qualified Plan And SERP

We expect to make the following benefit payments for our qualified plan and SERP, reflecting expected future service:

(In millions)	Years ended December 31,
	2014		2015		2016		2017		2018		2019 - 2023
Expected future benefit payments	$	23	$	25	$	28	$	26	$	24	$	136

Benefit Obligations [Member]

Weighted-Average Assumptions Used

he weighted-average assumptions used to determine our benefit obligations at December 31 for the plans:

	Qualified Pension Plan				SERP
	2013		2012		2013		2012
Discount rate	5.15	%	4.20	%	4.80	%	3.95	%
Rate of compensation increase	2.75-3.25		2.75-3.25		2.75-3.25		2.75-3.25

Net Periodic Benefit Cost [Member]

Weighted-Average Assumptions Used

This is a summary of the weighted-average assumptions used to determine our net expense for the plans:

	Qualified Pension Plan						SERP
	2013		2012		2011		2013		2012		2011
Discount rate	4.20	%	5.10	%	5.85	%	3.95	%	4.75	%	5.55	%
Expected return on plan assets	7.50		7.50		7.50		n/a		n/a		n/a
Rate of compensation increase	2.75-3.25		3.50-5.50		3.50-5.50		2.75-3.25		3.50-5.50		3.50-5.50