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Employee Postretirement Benefits (Tables)
12 Months Ended
Dec. 31, 2015
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Benefit Cost Information or Defined Benefit Plan and Other Postretirement Benefit Plan
Summarized financial information about postretirement plans, excluding defined contribution retirement plans, is presented below:
 
Pension Benefits
 
Other Benefits
 
Year Ended December 31
 
2015
 
2014
 
2015
 
2014
Change in Benefit Obligation
 
 
 
 
 
 
 
Benefit obligation at beginning of year
$
6,860

 
$
6,164

 
$
788

 
$
761

Service cost
38

 
46

 
12

 
13

Interest cost
187

 
279

 
32

 
35

Actuarial loss (gain)
(150
)
 
986

 
(53
)
 
39

Currency and other
(139
)
 
(207
)
 
(8
)
 
(4
)
Benefit payments from plans
(235
)
 
(356
)
 

 

Direct benefit payments
(12
)

(10
)

(54
)

(56
)
Settlements
(2,590
)
 
(42
)
 

 

Benefit obligation at end of year
3,959

 
6,860

 
717

 
788

Change in Plan Assets
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
5,914

 
5,567

 

 

Actual return on plan assets
54

 
694

 

 

Employer contributions
484

 
185

 

 

Currency and other
(119
)
 
(142
)
 

 

Benefit payments
(235
)
 
(356
)
 

 

Settlements
(2,590
)
 
(34
)
 

 

Fair value of plan assets at end of year
3,508

 
5,914

 

 

Funded Status
$
(451
)
 
$
(946
)
 
$
(717
)
 
$
(788
)
Amounts Recognized in the Balance Sheet
 
 
 
 
 
 
 
Noncurrent asset - prepaid benefit cost
$
16

 
$
6

 
$

 
$

Current liability - accrued benefit cost
(11
)
 
(13
)
 
(50
)
 
(51
)
Noncurrent liability - accrued benefit cost
(456
)
 
(939
)
 
(667
)
 
(737
)
Net amount recognized
$
(451
)
 
$
(946
)
 
$
(717
)
 
$
(788
)
Principal Plans and all Other Pension Plans
 
Principal Plans
 
All Other
Pension Plans
 
Total
 
Year Ended December 31
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Projected benefit obligation (“PBO”)
$
3,295

 
$
6,312

 
$
664

 
$
548

 
$
3,959

 
$
6,860

Accumulated benefit obligation (“ABO”)
3,253

 
6,221

 
594

 
475

 
3,847

 
6,696

Fair value of plan assets
3,019

 
5,559

 
489

 
355

 
3,508

 
5,914

Pension Plans with an ABO in Excess of Plan Assets
 
December 31
 
2015
 
2014
PBO
$
2,115

 
$
4,983

ABO
2,096

 
4,908

Fair value of plan assets
1,696

 
4,111

Components of Net Periodic Benefit Cost
 
Pension Benefits
 
Other Benefits
 
Year Ended December 31
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Service cost
$
38

 
$
46

 
$
53

 
$
12

 
$
13

 
$
17

Interest cost
187

 
279

 
257

 
32

 
35

 
32

Expected return on plan assets(a)
(215
)
 
(332
)
 
(331
)
 

 

 

Recognized net actuarial loss
75

 
100

 
120

 

 

 
3

Curtailments

 

 
(32
)
 

 

 

Settlements
1,357

 
20

 
1

 

 

 

Other
(10
)
 
(3
)
 
1

 
(1
)
 
(1
)
 
(2
)
Net periodic benefit cost
$
1,432

 
$
110

 
$
69

 
$
43

 
$
47

 
$
50

(a) 
The expected return on plan assets is determined by multiplying the fair value of plan assets at the remeasurement date, typically the prior year-end adjusted for estimated current year cash benefit payments and contributions, by the expected long-term rate of return.
Weighted-Average Assumptions Used to Determine Net Cost
 
Pension Benefits
 
Other Benefits
 
Projected 2016
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
3.91
%
 
3.86
%
 
4.66
%
 
4.04
%
 
4.28
%
 
4.97
%
 
3.97
%
Expected long-term return on plan assets
4.84
%
 
5.21
%
 
5.98
%
 
6.26
%
 

 

 

Rate of compensation increase
2.32
%
 
2.63
%
 
2.67
%
 
2.73
%
 

 

 

Weighted-Average Assumptions Used to Determine Benefit Obligations
 
Pension Benefits
 
Other Benefits
 
2015
 
2014
 
2015
 
2014
Discount rate
3.91
%
 
3.83
%
 
4.59
%
 
4.28
%
Rate of compensation increase
2.32
%
 
2.63
%
 

 

Pension Plan Assets of the Principal Plans Measured at Fair Value
 
Fair Value Measurements at December 31, 2015
 
Total
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Cash and Cash Equivalents
 
 
 
 
 
 
 
Held directly
$
14

 
$
12

 
$
2

 
$

Held through mutual and pooled funds
34

 

 
34

 

Fixed Income
 
 
 
 
 
 
 
Held directly
 
 
 
 
 
 
 
U.S. government and municipals
157

 
141

 
16

 

U.S. corporate debt
21

 

 
21

 

Held through mutual and pooled funds
 
 
 
 
 
 
 
U.S. government and municipals
149

 

 
149

 

U.S. corporate debt
623

 

 
623

 

International bonds
1,236

 

 
1,236

 

Equity
 
 
 
 
 
 
 
Held directly
 
 
 
 
 
 
 
U.S. equity
58

 
58

 

 

International equity
30

 
30

 

 

Held through mutual and pooled funds
 
 
 
 
 
 
 
Non-U.S. equity
67

 

 
67

 

Global equity
630

 

 
630

 

Total Plan Assets
$
3,019

 
$
241

 
$
2,778

 
$


For the U.S. pension plan, Treasury futures contracts are used when appropriate to manage duration targets.  As of December 31, 2015, the U.S. plan had Treasury futures contracts in place with a total notional value of approximately $15 and an insignificant fair value.
 
Fair Value Measurements at December 31, 2014

 
Total
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Observable
Inputs
(Level 2)
 
Significant Unobservable Inputs (Level 3)
Cash and Cash Equivalents
 
 
 
 
 
 
 
Held directly
$
28

 
$
28

 
$

 
$

Held through mutual and pooled funds
175

 
9

 
166

 

Fixed Income
 
 
 
 
 
 
 
Held directly
 
 
 
 
 
 
 
U.S. government and municipals
252

 
71

 
181

 

U.S. corporate debt
2,167

 

 
2,167

 

U.S. securitized fixed income
6

 

 
6

 

Held through mutual and pooled funds
 
 
 
 
 
 
 
U.S. corporate debt
149

 

 
149

 

International bonds
1,438

 

 
1,438

 

Multi-sector
1

 
1

 

 

Equity
 
 
 
 
 
 
 
Held directly
 
 
 
 
 
 
 
U.S. equity
18

 
18

 

 

Held through mutual and pooled funds
 
 
 
 
 
 
 
U.S. equity
4

 
4

 

 

Non-U.S. equity
106

 
1

 
105

 

Global equity
1,186

 

 
1,186

 

Other
29

 
29

 

 

Total Plan Assets
$
5,559

 
$
161

 
$
5,398

 
$

Estimated Future Benefit Payments
 
Pension Benefits
 
Other Benefits
2016
$
217

 
$
51

2017
234

 
53

2018
238

 
54

2019
242

 
56

2020
251

 
58

2021-2025
1,284

 
291