XML 68 R48.htm IDEA: XBRL DOCUMENT v3.6.0.2
Long-Term Employee Benefits (Tables)
12 Months Ended
Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]  
Summarized Information on Pension and Other Long-Term Benefits Plans
 
Pension Benefits
Other Benefits
Obligations and Funded Status at December 31,
2016
2015
2016
2015
Change in benefit obligation
 
 
 
 
 
 
 
 
Benefit obligation at beginning of year
$
26,094

 
$
29,669

 
$
2,758

 
$
2,889

 
Service cost
174

 
232

 
11

 
15

 
Interest cost
800

 
1,084

 
87

 
112

 
Plan participants' contributions
18

 
19

 
36

 
45

 
Actuarial loss (gain)
460

 
(1,404
)
 
153

 
(4
)
 
Benefits paid 1
(2,374
)
 
(1,761
)
 
(254
)
 
(282
)
 
Amendments

 

 
(28
)
 

 
Effect of foreign exchange rates
(348
)
 
(456
)
 
1

 
(6
)
 
Acquisitions/divestitures/other activity
7

 
(52
)
 
65

 

 
Spin-off of Chemours

 
(1,237
)
 

 
(11
)
 
Benefit obligation at end of year
$
24,831

 
$
26,094

 
$
2,829

 
$
2,758

 
Change in plan assets
 
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
$
17,497

 
$
20,446

 
$

 
$

 
Actual gain on plan assets
1,219

 
88

 

 

 
Employer contributions
535

 
308

 
218

 
237

 
Plan participants' contributions
18

 
19

 
36

 
45

 
Benefits paid1
(2,374
)
 
(1,761
)
 
(254
)
 
(282
)
 
Effect of foreign exchange rates
(239
)
 
(330
)
 

 

 
Acquisitions/divestitures/other activity

 
(47
)
 

 

 
Spin-off of Chemours

 
(1,226
)
 

 

 
Fair value of plan assets at end of year
$
16,656

 
$
17,497

 
$

 
$

 
Funded status
 
 
 
 
 
 
 
 
U.S. plan with plan assets
$
(6,391
)
 
$
(6,662
)
 
$

 
$

 
Non-U.S. plans with plan assets
(674
)
 
(748
)
 

 

 
All other plans 2
(1,110
)
 
(1,187
)
 
(2,829
)
 
(2,758
)
 
Total
$
(8,175
)
 
$
(8,597
)
 
$
(2,829
)
 
$
(2,758
)
 
Amounts recognized in the Consolidated Balance
     Sheets consist of:
 
 
 
 
 
 
 
 
Other assets
$
3

 
$
11

 
$

 
$

 
Other accrued liabilities (Note 12)
(78
)
 
(130
)
 
(275
)
 
(234
)
 
Other liabilities (Note 14)
(8,100
)
 
(8,478
)
 
(2,554
)
 
(2,524
)
 
Net amount recognized
$
(8,175
)
 
$
(8,597
)
 
$
(2,829
)
 
$
(2,758
)
 


1. 
2016 benefits paid includes about $550 of lump sum benefits associated with the limited-time opportunity provided to certain separated, vested participants in the principal U.S. pension plan. See further discussion above.
2. 
Includes pension plans maintained around the world where funding is not customary.

Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss
 
Pension Benefits
Other Benefits
December 31,
2016
2015
2016
2015
Net loss
$
(10,280
)
$
(10,803
)
$
(830
)
$
(787
)
Prior service benefit
17

54

281

811

 
$
(10,263
)
$
(10,749
)
$
(549
)
$
24

Schedule of Information for Pension Plans with Projected Benefit Obligation in Excess of Plan Assets
Information for pension plans with projected benefit obligation in excess of plan assets
2016
2015
Projected benefit obligation
$
24,779

$
25,769

Accumulated benefit obligation
24,297

24,715

Fair value of plan assets
16,601

17,162

Schedule of Information for Pension Plans with Accumulated Benefit Obligation in Excess of Plan Assets
Information for pension plans with accumulated benefit obligations in excess of plan assets
2016
2015
Projected benefit obligation
$
23,946

$
25,515

Accumulated benefit obligation
23,591

24,508

Fair value of plan assets
15,838

16,930

Schedule of Assumptions Used to Determine Net Periodic Benefit Cost [Text Block]
 
Pension Benefits
Other Benefits
Weighted-average assumptions used to determine benefit obligations at December 31,
2016
2015
2016
2015
Discount rate
3.80
%
4.13
%
4.03
%
4.32
%
Rate of compensation increase1
3.80
%
3.94
%
%
%


1. 
The rate of compensation increase represents the single annual effective salary increase that an average plan participant would receive during the participant's entire career at the company.
Schedule of Assumed Health Care Cost Trend Rates
Assumed health care cost trend rates at December 31,
2016
2015
Health care cost trend rate assumed for next year
7
%
7
%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
5
%
5
%
Year that the rate reaches the ultimate trend rate
2023

2023

Schedule of a One-Percentage Point Change in Assumed Health Care Cost Trend Rates
 
1-Percentage
Point Increase
1-Percentage
Point Decrease
Increase (decrease) on total of service and interest cost
$

$

Increase (decrease) on post-retirement benefit obligation
11

(11
)
Schedule of Weighted Average Target Allocations for Plan Assets
Target allocation for plan assets at December 31,
2016
2015
U.S. equity securities
27
%
29
%
Non-U.S. equity securities
24

22

Fixed income securities
33

32

Hedge funds
2

2

Private market securities
8

9

Real estate
4

3

Cash and cash equivalents
2

3

Total
100
%
100
%
Schedule of Fair Value of Plan Assets Held in Level 3
    
Level 3 Assets
    
Total
U.S. Equity
Securities
Non-U.S. Equity
Securities
Debt-
Corporate
Issued
Debt-
Asset-
Backed
Private
Market
Securities
Real
Estate
Beginning balance at December 31, 2014
$
286

$
29

$
4

$
15

$
1

$
37

$
200

Realized (loss) gain
(32
)
(14
)

(18
)



Change in unrealized (loss) gain
(11
)
5

(3
)
15


(5
)
(23
)
Purchases, sales and settlements, net
(18
)


10


5

(33
)
Transfers in (out) of Level 3
13


1

12




Ending balance at December 31, 2015
$
238

$
20

$
2

$
34

$
1

$
37

$
144

Realized (loss) gain
(28
)
(3
)

(25
)



Change in unrealized (loss) gain
19

1

(1
)
27


2

(10
)
Purchases, sales and settlements, net
(37
)


(3
)
(1
)
3

(36
)
Transfers in (out) of Level 3
6



6




Ending balance at December 31, 2016
$
198

$
18

$
1

$
39

$

$
42

$
98

NAV as Practical Expedient [Table Text Block]
 
2016
2015
 
 
 
Fair Value
Unfunded Commitments
Fair Value
Unfunded Commitments
Redemption Frequency
Redemption Notice Period Range
Debt - government issued
$

$

$
8

$

Monthly
3 days
Debt - corporate issued


6


Monthly
3 days
Hedge funds 1
434


429


Monthly, Quarterly
Ranges from 3-45 days monthly, 3-90 days quarterly
Private market securities 2
1,416

693

1,553

632

Not applicable
Not applicable
Real estate funds 2
444

244

457

361

Not applicable
Not applicable
Total
$
2,294

$
937

$
2,453

$
993

 
Schedule of Estimated Future Benefit Payments
    
Pension
Benefits
Other Benefits
2017
$
1,622

$
275

2018
1,601

233

2019
1,589

226

2020
1,575

217

2021
1,567

210

Years 2022-2026
7,596

931

Schedule of Assumptions Used to Determine Net Periodic Benefit Cost [Text Block]
 
Pension Benefits
Other Benefits
Weighted-average assumptions used to determine net
     periodic benefit cost for the years ended December 31,
2016
2015
2014
2016
2015
2014
Discount rate
3.77
%
3.93
%
4.55
%
3.87
%
4.13
%
4.60
%
Expected return on plan assets
7.74
%
8.10
%
8.35
%
%
%
%
Rate of compensation increase
3.96
%
4.01
%
4.22
%
%
%
%
ScheduleOfFairValueOfPlanAssetsTable [Table Text Block]
 
Fair Value Measurements at December 31, 2016
Asset Category
Total
Level 1
Level 2
Level 3
Cash and cash equivalents
$
1,505

$
1,480

$
25

$

U.S. equity securities1
4,071

4,033

20

18

Non-U.S. equity securities
3,278

3,126

151

1

Debt – government-issued
2,067

864

1,203


Debt – corporate-issued
2,475

273

2,163

39

Debt – asset-backed
721

39

682


Hedge funds
1


1


Private market securities
67


25

42

Real estate
275

175

2

98

Derivatives – asset position
53

7

46


Derivatives – liability position
(47
)

(47
)

Other
4


4


     Subtotal
$
14,470

$
9,997

$
4,275

$
198

Investments measured at net asset value
 
 
 
 
     Hedge funds
434

 
 
 
     Private market securities
1,416

 
 
 
     Real estate funds
444

 
 
 
Total investments measured at net asset value
$
2,294

 
 
 
Other items to reconcile to fair value of plan assets
 
 
 
 
     Pension trust receivables2
264

 

 

 

     Pension trust payables3
(372
)
 

 

 

Total
$
16,656

 

 

 

 
1. 
The company's pension plans directly held $732 (4 percent of total plan assets) of DuPont common stock at December 31, 2016.
2. 
Primarily receivables for investment securities sold.
3. 
Primarily payables for investment securities purchased.

 
Fair Value Measurements at December 31, 2015
Asset Category
Total
Level 1
Level 2
Level 3
Cash and cash equivalents
$
1,962

$
1,961

$
1

$

U.S. equity securities1
3,873

3,843

10

20

Non-U.S. equity securities
3,597

3,480

115

2

Debt – government-issued
2,028

852

1,176


Debt – corporate-issued
2,374

291

2,049

34

Debt – asset-backed
831

44

786

1

Hedge funds
1


1


Private market securities
54


17

37

Real estate
246

98

4

144

Derivatives – asset position
58

10

48


Derivatives – liability position
(59
)
1

(60
)

     Subtotal
$
14,965

$
10,580

$
4,147

$
238

Investments measured at net asset value
 
 
 
 
     Debt - government issued
$
8

 
 
 
     Debt - corporate issued
6

 
 
 
     Hedge funds
429

 
 
 
     Private market securities
1,553

 
 
 
     Real estate funds
457

 
 
 
Total investments measured at net asset value
$
2,453

 
 
 
Other items to reconcile to fair value of plan assets
 
 
 
 
     Pension trust receivables2
783

 

 

 

     Pension trust payables3
(704
)
 

 

 

Total
$
17,497

 

 

 


1. 
The company's pension plans directly held $664 (4 percent of total plan assets) of DuPont common stock at December 31, 2015.
2. 
Primarily receivables for investment securities sold.
3. 
Primarily payables for investment securities purchased.


Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Benefit Costs and Other Comprehensive Income Tables [Table Text Block]
 
Pension Benefits
Components of net periodic benefit cost (credit) and amounts recognized in other
     comprehensive loss
2016
2015
2014
Net periodic benefit cost
 
 
 
Service cost
$
174

$
232

$
241

Interest cost
800

1,084

1,162

Expected return on plan assets
(1,320
)
(1,554
)
(1,611
)
Amortization of loss
822

768

601

Amortization of prior service (benefit) cost
(6
)
(9
)
2

Curtailment loss (gain)
40

(6
)
4

Settlement loss
62

76

7

Net periodic benefit cost - Total
$
572

$
591

$
406

Less: Discontinued operations
(5
)
(5
)
40

Net period benefit cost - Continuing operations
$
577

$
596

$
366

Changes in plan assets and benefit obligations recognized in other
     comprehensive loss
 
 
 
Net loss
$
570

$
57

$
4,131

Amortization of loss
(822
)
(768
)
(601
)
Prior service benefit


(44
)
Amortization of prior service benefit (cost)
6

9

(2
)
Curtailment (loss) gain
(40
)
6

(4
)
Settlement loss
(62
)
(76
)
(7
)
Effect of foreign exchange rates
(138
)
(119
)

Spin-off of Chemours

(382
)

Total (benefit) loss recognized in other comprehensive loss
$
(486
)
$
(1,273
)
$
3,473

Noncontrolling interest


1

Total (benefit) loss recognized in other comprehensive loss, attributable to DuPont
$
(486
)
$
(1,273
)
$
3,474

Total recognized in net periodic benefit cost and other comprehensive loss
$
86

$
(682
)
$
3,880



Other Post Employment Benefit Plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Benefit Costs and Other Comprehensive Income Tables [Table Text Block]
 
Other Benefits
Components of net periodic benefit cost (credit) and amounts recognized in other
     comprehensive loss
2016
2015
2014
Net periodic benefit cost
 
 
 
Service cost
$
11

$
15

$
17

Interest cost
87

112

121

Amortization of loss
78

78

57

Amortization of prior service benefit
(134
)
(182
)
(214
)
Curtailment gain
(392
)
(274
)

Net periodic benefit credit - Total
$
(350
)
$
(251
)
$
(19
)
Less: Discontinued operations

(272
)
3

Net periodic benefit (credit) cost - Continuing operations
$
(350
)
$
21

$
(22
)
Changes in plan assets and benefit obligations recognized in other
     comprehensive loss
 
 
 
Net loss (gain)
$
153

$
(4
)
$
280

Amortization of loss
(78
)
(78
)
(57
)
Prior service benefit
(28
)

(50
)
Amortization of prior service benefit
134

182

214

Curtailment gain
392

274


Effect of foreign exchange rates

1


Total loss recognized in other comprehensive loss, attributable to DuPont
$
573

$
375

$
387

Total recognized in net periodic benefit cost and other comprehensive loss
$
223

$
124

$
368