XML 42 R46.htm IDEA: XBRL DOCUMENT v2.4.0.8
Postretirement Benefits (Tables)
 12 Months Ended
Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]  
Components Of Postretirement Benefit Expense [Table Text Block]
Net periodic pension expense for qualified and nonqualified U.S. and non-U.S. defined benefit plans comprised the following: 
  
 
2013

 
2012

 
2011

In millions
U.S.
Plans

Non-
U.S.
Plans

U.S.
Plans

Non-
U.S.
Plans

U.S.
Plans

Non-
U.S.
Plans

Service cost
$
188

$
4

$
152

$
3

$
121

$
2

Interest cost
576

11

604

12

544

12

Expected return on plan assets
(738
)
(11
)
(753
)
(12
)
(713
)
(12
)
Actuarial loss / (gain)
485

1

307

—

212

—

Amortization of prior service cost
34

—

32

—

31

—

Settlement gain
—

—

—

—

—

(1
)
Net periodic pension expense
$
545

$
5

$
342

$
3

$
195

$
1
Postretirement Benefits [Member]
  
Defined Benefit Plan Disclosure [Line Items]  
Components Of Postretirement Benefit Expense [Table Text Block]
The components of U.S. postretirement benefit expense in 2013, 2012 and 2011 were as follows: 
In millions
 
2013

 
2012

 
2011

 
U.S.
Plans

Non-
U.S.
Plans

U.S.
Plans

Non-
U.S.
Plans

U.S.
Plans

Non-
U.S.
Plans

Service cost
$
2

$
2

$
3

$
—

$
2

$
—

Interest cost
14

5

20

1

21

2

Actuarial loss
7

—

10

—

9

—

Amortization of prior service credits
(24
)
—

(30
)
—

(25
)
—

Curtailment gain
—

—

(7
)
—

—

—

Net postretirement (benefit) expense (a)
$
(1
)
$
7

$
(4
)
$
1

$
7

$
2
Changes In Postretirement Benefit Obligation, Plan Assets, Funded Status And Amounts Recognized In Balance Sheet And Accumulated Other Comprehensive (Loss) Income [Table Text Block]
The plan is only funded in an amount equal to benefits paid. The following table presents the changes in benefit obligation and plan assets for 2013 and 2012: 
In millions
 
2013

 
2012

 
U.S.
Plans

Non-
U.S.
Plans

U.S.
Plans

Non-
U.S.
Plans

Change in projected benefit obligation:
 
 
 
 
Benefit obligation, January 1
$
449

$
22

$
425

$
23

Service cost
2

2

3

—

Interest cost
14

5

20

1

Participants’ contributions
19

—

34

1

Actuarial (gain) loss
(80
)
12

44

10

Acquisitions
—

38

108

—

Plan amendments
—

—

(63
)
—

Benefits paid
(82
)
(1
)
(107
)
(2
)
Less: Federal subsidy
2

—

7

—

Restructuring
—

—

(17
)
—

Curtailment
(2
)
—

(5
)
(11
)
Currency Impact
—

(6
)
—

—

Benefit obligation, December 31
$
322

$
72

$
449

$
22

Change in plan assets:
 
 
 
 
Fair value of plan assets, January 1
$
—

$
—

$
—

$
—

Company contributions
63

1

73

1

Participants’ contributions
19

—

34

1

Benefits paid
(82
)
(1
)
(107
)
(2
)
Fair value of plan assets, December 31
$
—

$
—

$
—

$
—

Funded status, December 31
$
(322
)
$
(72
)
$
(449
)
$
(22
)
Amounts recognized in the consolidated balance sheet under ASC 715:
 
 
 
 
Current liability
$
(39
)
$
(2
)
$
(59
)
$
(2
)
Non-current liability
(283
)
(70
)
(390
)
(20
)
 
$
(322
)
$
(72
)
$
(449
)
$
(22
)
Amounts recognized in accumulated other comprehensive income under ASC 715 (pre-tax):
 
 
 
 
Net actuarial loss (gain)
$
31

$
11

$
115

$
(1
)
Prior service credit
(35
)
—

(65
)
—

 
$
(4
)
$
11

$
50

$
(1
)
Postretirement Benefit Adjustments Recognized In Other Comprehensive (Loss) Income [Table Text Block]
The components of the $54 million decrease and $12 million increase in the amounts recognized in OCI during 2013 for U.S. and non-U.S. plans, respectively, consisted of: 
In millions
U.S.
Plans

Non-
U.S.
Plans

Curtailment
$
5

$
—

Current year actuarial gain
(76
)
—

Amortization of actuarial (loss) gain
(7
)
12

Amortization of prior service credit
24

—

 
$
(54
)
$
12
Estimated Total Future Postretirement Benefit Payments, Net Of Participant Contributions And Estimated Future Medicare Part D Subsidy Receipts [Table Text Block]
At December 31, 2013, estimated total future postretirement benefit payments, net of participant contributions and estimated future Medicare Part D subsidy receipts, were as follows: 
In millions
Benefit
Payments

Subsidy
Receipts

Benefit
Payments

 
U.S.
Plans

U.S.
Plans

Non-
U.S.
Plans

2014
$
42

$
3

$
2

2015
35

3

3

2016
32

3

3

2017
30

3

4

2018
28

3

4

2019 – 2023
120

11

31
Net Cost [Member] | Postretirement Benefits [Member]
  
Defined Benefit Plan Disclosure [Line Items]  
Discount Rates Used To Determine Net Cost [Table Text Block]
The discount rates used to determine net U.S. and non-U.S. postretirement benefit cost for the years ended December 31, 2013, 2012 and 2011 were as follows: 
 
 
2013

 
 
2012

 
2011

 
U.S.
Plans

Non-
U.S.
Plans

U.S.
Plans

 
Non-
U.S.
Plans

U.S.
Plans

Non-
U.S.
Plans

Discount rate
3.70
%
8.43
%
4.40
%
(a)
7.73
%
5.30
%
7.72
%


(a)
Represents the weighted average rate for the IP plan for 2012 due to the remeasurement. The weighted average rate used for Temple-Inland in 2012 was 4.19%.
Benefit Obligation [Member] | Postretirement Benefits [Member]
  
Defined Benefit Plan Disclosure [Line Items]  
Discount Rates Used To Determine Net Cost [Table Text Block]
The weighted average assumptions used to determine the benefit obligation at December 31, 2013 and 2012 were as follows: 
 
 
2013

 
2012

 
U.S.
Plans

Non-
U.S.
Plans

U.S.
Plans

Non-
U.S.
Plans

Discount rate
4.50
%
11.94
%
3.70
%
8.43
%
Health care cost trend rate assumed for next year
7.00
%
11.43
%
7.50
%
7.18
%
Rate that the cost trend rate gradually declines to
5.00
%
6.12
%
5.00
%
7.18
%
Year that the rate reaches the rate it is assumed to remain
2017

2024

2017

2013