Pension and Other Postretirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

The net periodic benefit cost for pension and other postretirement benefit plans consisted of the following components:



	Pension Benefits
	U.S.									International									Other Postretirement Benefits
Years Ended December 31	2014			2013			2012			2014			2013			2012			2014			2013			2012
Service cost	$	300		$	386		$	324		$	266		$	296		$	231		$	78		$	102		$	82
Interest cost	425			402			401			269			263			260			115			107			121
Expected return on plan assets	(782		)	(721		)	(617		)	(416		)	(376		)	(354		)	(139		)	(126		)	(136		)
Net amortization	74			251			149			59			85			36			(71		)	(50		)	(35		)
Termination benefits	53			51			17			11			7			10			22			50			18
Curtailments	(69		)	(22		)	(11		)	(4		)	(1		)	2			(39		)	(11		)	(7		)
Settlements	11			1			5			6			22			13			—			—			—
Net periodic benefit cost (credit)	$	12		$	348		$	268		$	191		$	296		$	198		$	(34	)	$	72		$	43

Obligation and Funded Status

Summarized information about the changes in plan assets and benefit obligations, the funded status and the amounts recorded at December 31 is as follows:



	Pension Benefits												Other Postretirement Benefits
	U.S.						International						Other Postretirement Benefits
	2014			2013			2014			2013			2014			2013
Fair value of plan assets January 1	$	10,007		$	8,683		$	7,428		$	6,666		$	1,913		$	1,760
Actual return on plan assets	484			1,821			1,099			703			114			199
Company contributions	92			54			276			591			67			73
Effects of exchange rate changes	—			—			(816		)	(84		)	—			—
Benefits paid	(535		)	(542		)	(245		)	(238		)	(110		)	(119		)
Settlements	(64		)	(9		)	(31		)	(227		)	—			—
Other	—			—			13			17			—			—
Fair value of plan assets December 31	$	9,984		$	10,007		$	7,724		$	7,428		$	1,984		$	1,913
Benefit obligation January 1	8,666			9,961			7,389			7,685			2,329			2,650
Service cost	300			386			266			296			78			102
Interest cost	425			402			269			263			115			107
Actuarial losses (gains)	1,857			(1,565		)	1,605			(124		)	212			(428		)
Benefits paid	(535		)	(542		)	(245		)	(238		)	(110		)	(119		)
Effects of exchange rate changes	—			—			(864		)	(21		)	(6		)	(5		)
Plan amendments	—			1			(4		)	(226		)	—			(38		)
Curtailments	(70		)	(19		)	(76		)	(42		)	3			—
Termination benefits	53			51			11			7			22			50
Settlements	(64		)	(9		)	(31		)	(227		)	—			—
Other	—			—			11			16			(5		)	10
Benefit obligation December 31	$	10,632		$	8,666		$	8,331		$	7,389		$	2,638		$	2,329
Funded status December 31	$	(648	)	$	1,341		$	(607	)	$	39		$	(654	)	$	(416	)
Recognized as:
Other assets	$	68		$	2,106		$	565		$	705		$	1		$	—
Accrued and other current liabilities	(41		)	(44		)	(11		)	(9		)	(11		)	(8		)
Other noncurrent liabilities	(675		)	(721		)	(1,161		)	(657		)	(644		)	(408		)

Schedule of Accumulated and Projected Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]

Information related to the funded status of selected pension plans at December 31 is as follows:



	U.S.				International
	2014		2013		2014		2013
Pension plans with a projected benefit obligation in excess of plan assets
Projected benefit obligation	$	3,963	$	764	$	5,513	$	2,196
Fair value of plan assets	3,247		—		4,341		1,529
Pension plans with an accumulated benefit obligation in excess of plan assets
Accumulated benefit obligation	$	810	$	619	$	2,749	$	1,871
Fair value of plan assets	138		—		1,870		1,424

Summary of Changes in Fair Value of Company's Level 3 Pension Plan Assets

The table below provides a summary of the changes in fair value, including transfers in and/or out, of all financial assets measured at fair value using significant unobservable inputs (Level 3) for the Company’s pension plan assets:



	2014												2013
	Insurance Contracts			Real Estate			Other			Total			Insurance Contracts			Real Estate			Other			Total
U.S. Pension Plans
Balance January 1	$	—		$	—		$	31		$	31		$	—		$	—		$	32		$	32
Actual return on plan assets:
Relating to assets still held at December 31	—			—			1			1			—			—			1			1
Relating to assets sold during the year	—			—			4			4			—			—			3			3
Purchases	—			—			1			1			—			—			2			2
Sales	—			—			(9		)	(9		)	—			—			(7		)	(7		)
Balance December 31	$	—		$	—		$	28		$	28		$	—		$	—		$	31		$	31
International Pension Plans
Balance January 1	$	540		$	49		$	2		$	591		$	496		$	141		$	23		$	660
Actual return on plan assets:
Relating to assets still held at December 31	(35		)	(4		)	—			(39		)	30			—			—			30
Relating to assets sold during the year	—			—			—			—			1			(1		)	—			—
Purchases	22			—			—			22			18			—			—			18
Sales	(3		)	(10		)	—			(13		)	(2		)	—			(21		)	(23		)
Transfers out of Level 3	(3		)	(6		)	—			(9		)	(3		)	(91		)	—			(94		)
Balance December 31	$	521		$	29		$	2		$	552		$	540		$	49		$	2		$	591

Summary of Expected Benefit Payments

Expected benefit payments are as follows:



	U.S. Pension Benefits		International Pension Benefits		Other Postretirement Benefits
2015	$	469	$	213	$	109
2016	495		185		117
2017	491		192		124
2018	525		206		131
2019	549		215		138
2020 — 2024	3,238		1,323		792

Components of Other Comprehensive Income

The following amounts were reflected as components of OCI:



	Pension Plans																		Other Postretirement Benefit Plans
	U.S.									International									Other Postretirement Benefit Plans
Years Ended December 31	2014			2013			2012			2014			2013			2012			2014			2013			2012
Net (loss) gain arising during the period	$	(2,085	)	$	2,676		$	(688	)	$	(779	)	$	513		$	(1,219	)	$	(223	)	$	499		$	(24	)
Prior service (cost) credit arising during the period	(59		)	(23		)	(16		)	(8		)	226			3			(42		)	26			78
	$	(2,144	)	$	2,653		$	(704	)	$	(787	)	$	739		$	(1,216	)	$	(265	)	$	525		$	54
Net loss amortization included in benefit cost	$	135		$	318		$	217		$	74		$	89		$	39		$	1		$	23		$	31
Prior service (credit) cost amortization included in benefit cost	(61		)	(67		)	(68		)	(15		)	(4		)	(3		)	(72		)	(73		)	(66		)
	$	74		$	251		$	149		$	59		$	85		$	36		$	(71	)	$	(50	)	$	(35	)

Summary of Weighted Average Assumptions Used in Determining Pension Plan and U.S. Pension and Other Postretirement Benefit Plan Information

The Company reassesses its benefit plan assumptions on a regular basis. The weighted average assumptions used in determining U.S. pension and other postretirement benefit plan and international pension plan information are as follows:



	U.S. Pension and Other Postretirement Benefit Plans						International Pension Plans
December 31	2014		2013		2012		2014		2013		2012
Net periodic benefit cost
Discount rate	4.90	%	4.10	%	4.80	%	3.80	%	3.60	%	4.60	%
Expected rate of return on plan assets	8.50	%	8.50	%	8.70	%	6.00	%	5.80	%	5.90	%
Salary growth rate	4.50	%	4.50	%	4.50	%	3.10	%	3.30	%	3.40	%
Benefit obligation
Discount rate	4.20	%	5.10	%	4.10	%	2.70	%	3.80	%	3.60	%
Salary growth rate	4.40	%	4.50	%	4.50	%	2.90	%	3.10	%	3.30	%

Summary of Health Care Cost Trend Rate Assumptions for Other Postretirement Benefit Plans

The health care cost trend rate assumptions for other postretirement benefit plans are as follows:



December 31	2014		2013
Health care cost trend rate assumed for next year	6.9	%	7.1	%
Rate to which the cost trend rate is assumed to decline	4.6	%	4.6	%
Year that the trend rate reaches the ultimate trend rate	2027		2027

One Percentage Point Change in Health Care Cost Trend Rate

A one percentage point change in the health care cost trend rate would have had the following effects:



	One Percentage Point
	Increase		Decrease
Effect on total service and interest cost components	$	32	$	(27	)
Effect on benefit obligation	421		(339		)

Pension Plan [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Fair Values of Pension Plan and Other Postretirement Benefit Plan Assets

The fair values of the Company’s pension plan assets at December 31 by asset category are as follows:



	Fair Value Measurements Using								Fair Value Measurements Using
	Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total		Quoted Prices In Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	2014								2013
U.S. Pension Plans
Assets
Cash and cash equivalents	$	2	$	234	$	—	$	236	$	(54	)	$	223	$	—	$	169
Investment funds
Developed markets equities	540		4,518		—		5,058		581			4,772		—		5,353
Emerging markets equities	107		718		—		825		100			734		—		834
Government and agency obligations	—		31		—		31		—			29		—		29
Fixed income obligations	—		132		—		132		—			125		—		125
Equity securities
Developed markets	2,169		—		—		2,169		2,138			—		—		2,138
Fixed income securities
Government and agency obligations	—		516		—		516		—			444		—		444
Corporate obligations	—		722		—		722		—			590		—		590
Mortgage and asset-backed securities	—		245		—		245		—			245		—		245
Other investments
Derivatives	1		31		—		32		1			—		—		1
Other	—		—		28		28		—			48		31		79
Liabilities
Derivatives	—		10		—		10		—			—		—		—
	$	2,819	$	7,137	$	28	$	9,984	$	2,766		$	7,210	$	31	$	10,007
International Pension Plans
Assets
Cash and cash equivalents	$	208	$	13	$	—	$	221	$	142		$	24	$	—	$	166
Investment funds
Developed markets equities	217		2,991		—		3,208		227			2,872		—		3,099
Emerging markets equities	31		256		—		287		63			302		—		365
Government and agency obligations	317		1,410		—		1,727		293			1,151		—		1,444
Corporate obligations	183		170		—		353		188			77		—		265
Fixed income obligations	9		16		—		25		17			20		—		37
Real estate ⁽¹⁾	—		8		29		37		4			57		49		110
Equity securities
Developed markets	509		—		—		509		407			—		—		407
Fixed income securities
Government and agency obligations	28		448		—		476		2			652		—		654
Corporate obligations	2		190		1		193		—			151		—		151
Mortgage and asset-backed securities	—		90		—		90		—			54		—		54
Other investments
Insurance contracts ⁽²⁾	—		69		521		590		—			128		540		668
Other	3		4		1		8		—			6		2		8
	$	1,507	$	5,665	$	552	$	7,724	$	1,343		$	5,494	$	591	$	7,428


⁽¹⁾	The plans’ Level 3 investments in real estate funds are generally valued by market appraisals of the underlying investments in the funds.


⁽²⁾	The plans’ Level 3 investments in insurance contracts are generally valued using a crediting rate that approximates market returns and invest in underlying securities whose market values are unobservable and determined using pricing models, discounted cash flow methodologies, or similar techniques.