Pension and Postretirement Expense (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2013

Dec. 31, 2012

Schedule of Changes in Projected Benefit Obligations

The following table presents the change in benefit obligation, change in plan assets and components of funded status for the Company’s defined benefit pension and non-pension postretirement benefit plans for the years ended December 31:

	Pension Benefits												Non-Pension Postretirement Benefits
	2012						2011						2012						2011
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Change in Benefit Obligation
Benefit obligation at beginning of year	$	286		$	318		$	278		$	308		$	14		$	6		$	13		$	6
Service cost		3			8			2			8			—			1			—			—
Interest cost		12			17			14			17			1			—			1			—
Actuarial losses		25			143			14			3			—			2			1			—
Foreign currency exchange rate changes		—			6			—			(11	)		—			—			—			—
Benefits paid		(19	)		(9	)		(22	)		(8	)		—			—			(1	)		—
Plan amendments		2			—			—			—			—			—			—			—
Employee contributions		—			1			—			1			—			—			—			—
Benefit obligation at end of year		309			484			286			318			15			9			14			6
Change in Plan Assets
Fair value of plan assets at beginning of year		200			231			207			201			—			—			—			—
Actual return on plan assets		25			36			—			25			—			—			—			—
Foreign currency exchange rate changes		—			5			—			(9	)		—			—			—			—
Employer contributions		19			14			15			21			—			1			1			—
Benefits paid		(19	)		(9	)		(22	)		(8	)		—			—			(1	)		—
Employee contributions		—			1			—			1			—			—			—			—
Fair value of plan assets at end of year		225			278			200			231			—			1			—			—
Funded status of the plan at end of year	$	(84	)	$	(206	)	$	(86	)	$	(87	)	$	(15	)	$	(8	)	$	(14	)	$	(6	)

Amounts recognized in the Consolidated Balance Sheets, Accumulated Other Comprehensive Income and Other

	Pension Benefits												Non-Pension Postretirement Benefits
	2012						2011						2012						2011
	U.S. Plans			Non- U.S. Plans			U.S. Plans			Non- U.S. Plans			U.S. Plans			Non- U.S. Plans			U.S. Plans			Non- U.S. Plans
Amounts recognized in the Consolidated Balance Sheets at December 31 consist of:
Noncurrent assets	$	—		$	—		$	—		$	35		$	—		$	—		$	—		$	—
Other current liabilities		—			(3	)		—			(4	)		(1	)		—			(1	)		—
Long-term pension and post employment benefit obligations		(84	)		(203	)		(86	)		(118	)		(14	)		(8	)		(13	)		(6	)
Accumulated other comprehensive loss (income)		164			103			157			8			(9	)		1			(13	)		(1	)
Net amounts recognized	$	80		$	(103	)	$	71		$	(79	)	$	(24	)	$	(7	)	$	(27	)	$	(7	)
Amounts recognized in Accumulated other comprehensive income at December 31 consist of:
Net actuarial loss (gain)	$	167		$	119		$	157		$	1		$	(4	)	$	1		$	(4	)	$	(1	)
Net prior service cost (benefit)		2			4			—			5			(2	)		—			(9	)		—
Deferred income taxes		(5	)		(20	)		—			2			(3	)		—			—			—
Net amounts recognized	$	164		$	103		$	157		$	8		$	(9	)	$	1		$	(13	)	$	(1	)
Accumulated benefit obligation	$	309		$	459		$	286		$	300
Accumulated benefit obligation for funded plans		307			304			284			190
Pension plans with underfunded or non-funded accumulated benefit obligations at December 31:
Aggregate projected benefit obligation	$	309		$	485		$	284		$	128
Aggregate accumulated benefit obligation		309			459			284			122
Aggregate fair value of plan assets		225			278			200			8
Pension plans with projected benefit obligations in excess of plan assets at December 31:
Aggregate projected benefit obligation	$	309		$	485		$	286		$	135
Aggregate fair value of plan assets		225			278			200			14

Components of Net Pension and Postretirement Expense

Following are the components of net pension and postretirement expense (benefit) recognized by the Company for the three months ended March 31, 2013 and 2012:

	Pension Benefits												Non-Pension Postretirement Benefits
	Three Months Ended March 31,												Three Months Ended March 31,
	2013						2012						2013				2012
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans		Non-U.S. Plans		U.S. Plans			Non-U.S. Plans
Service cost	$	1		$	4		$	1		$	2		$	—	$	—	$	—		$	—
Interest cost on projected benefit obligation		3			4			3			4			—		—		—			—
Expected return on assets		(4	)		(2	)		(4	)		(3	)		—		—		—			—
Amortization of prior service cost (benefit)		—			—			2			—			—		—		(2	)		—
Amortization of actuarial loss		2			2			—			—			—		—		—			—
Net expense (benefit)	$	2		$	8		$	2		$	3		$	—	$	—	$	(2	)	$	—

Following are the components of net pension and postretirement expense recognized for the years ended December 31:

	Pension Benefits
	U.S. Plans									Non-U.S. Plans
	2012			2011			2010			2012			2011			2010
Service cost	$	3		$	2		$	3		$	8		$	8		$	8
Interest cost on projected benefit obligation		12			14			15			17			17			15
Expected return on assets		(16	)		(17	)		(16	)		(13	)		(12	)		(11	)
Amortization of prior service cost		—			—			—			1			1			—
Recognized actuarial loss		8			7			8			—			—			1
Net expense	$	7		$	6		$	10		$	13		$	14		$	13

	Non-Pension Postretirement Benefits
	U.S. Plans									Non-U.S. Plans
	2012			2011			2010			2012			2011		2010
Service cost	$	—		$	—		$	—		$	1		$	—	$	—
Interest cost on projected benefit obligation		1			1			1			—			—		—
Amortization of prior service benefit		(8	)		(10	)		(11	)		—			—		—
Recognized actuarial gain		—			(1	)		—			(1	)		—		—
Net benefit	$	(7	)	$	(10	)	$	(10	)	$	—		$	—	$	—

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

The following amounts were recognized in “Other comprehensive loss” during the year ended December 31, 2012:

	Pension Benefits						Non-Pension Postretirement Benefits					Total
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans		U.S. Plans			Non-U.S. Plans
Net actuarial losses arising during the year	$	17		$	118		$	—		$	1	$	17		$	119
Prior service cost from plan amendments		2			—			—			—		2			—
Amortization of prior service (cost) benefit		—			(1	)		7			—		7			(1	)
Amortization of net (losses) gains		(7	)		—			—			1		(7	)		1
Loss recognized in other comprehensive loss		12			117			7			2		19			119
Deferred income taxes		(5	)		(22	)		(3	)		—		(8	)		(22	)
Loss recognized in other comprehensive loss, net of tax	$	7		$	95		$	4		$	2	$	11		$	97

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year

The amounts in “Accumulated other comprehensive (loss) income” that are expected to be recognized as components of net periodic benefit cost (benefit) during the next fiscal year are as follows:

	Pension Benefits				Non-Pension Postretirement Benefits					Total
	U.S. Plans		Non-U.S. Plans		U.S. Plans			Non-U.S. Plans		U.S. Plans			Non-U.S. Plans
Prior service cost (benefit)	$	—	$	2	$	(1	)	$	—	$	(1	)	$	2
Net actuarial loss (gain)		10		10		(1	)		—		9			10

Weighted Average Rates Used to Determine the Benefit Obligations

The weighted average rates used to determine the benefit obligations were as follows at December 31:

	Pension Benefits												Non-Pension Postretirement Benefits
	2012						2011						2012						2011
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Discount rate		3.5	%		3.5	%		4.4	%		5.6	%		3.3	%		4.3	%		4.2	%		5.4	%
Rate of increase in future compensation levels		—			3.0	%		—			3.3	%		—			—			—			—
The weighted average assumed health care cost trend rates are as follows at December 31:
Health care cost trend rate assumed for next year		—			—			—			—			7.5	%		6.7	%		7.7	%		7.1	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		—			—			—			—			4.5	%		4.5	%		4.5	%		4.5	%
Year that the rate reaches the ultimate trend rate		—			—			—			—			2030			2030			2029			2030

Weighted Average Rates Used to Determine Net Periodic Pension Expense Benefit

The weighted average rates used to determine net periodic pension expense (benefit) were as follows for the years ended December 31:

	Pension Benefits
	U.S. Plans									Non-U.S. Plans
	2012			2011			2010			2012			2011			2010
Discount rate		4.4	%		5.1	%		5.7	%		5.6	%		5.5	%		5.5	%
Rate of increase in future compensation levels		—			—			4.0	%		3.3	%		3.3	%		3.3	%
Expected long-term rate of return on plan assets		8.0	%		8.0	%		8.0	%		5.8	%		5.8	%		5.8	%
	Non-Pension Postretirement Benefits
	U.S. Plans									Non-U.S. Plans
	2012			2011			2010			2012			2011			2010
Discount rate		4.2	%		4.9	%		5.4	%		5.4	%		5.6	%		6.3	%

Schedule of Allocation of Plan Assets

The Company observes local regulations and customs governing its European pension plans in determining asset allocations, which generally require a blended weight leaning toward more fixed income securities, including government bonds.

	Actual						Target     2013
	2012			2011
Weighted average allocations of U.S. pension plan assets at December 31:
Equity securities		39	%		54	%		40	%
Debt securities		60	%		45	%		50	%
Cash, short-term investments and other		1	%		1	%		10	%
Total		100	%		100	%		100	%
Weighted average allocations of non-U.S. pension plan assets at December 31:
Equity securities		19	%		9	%		21	%
Debt securities		81	%		91	%		79	%
Total		100	%		100	%		100	%

Schedule of Fair Value of U.S. Pension Plan Investments

The following table presents U.S. pension plan investments measured at fair value on a recurring basis as of December 31, 2012 and 2011:

	Fair Value Measurements Using
	2012								2011
	Quoted Prices  in Active Markets  for Identical Assets (Level  1)		Significant Other Observable Inputs (Level 2)		Unobserv- able Inputs (Level 3)		Total		Quoted Prices  in Active Markets  for Identical Assets (Level  1)		Significant Other Observable Inputs (Level 2)		Unobserv- able Inputs (Level 3)		Total
Large cap equity funds (a)	$	—	$	56	$	—	$	56	$	—	$	75	$	—	$	75
Small/mid cap equity funds (a)		—		17		—		17		—		17		—		17
Other international equity (a)		—		39		—		39		—		17		—		17
Debt securities/fixed income (b)		—		111		—		111		—		89		—		89
Cash, money market and other (c)		—		2		—		2		—		2		—		2
Total	$	—	$	225	$	—	$	225	$	—	$	200	$	—	$	200

(a) Level 2 equity securities are primarily in pooled asset and mutual funds and are valued based on underlying net asset value multiplied by the number of shares held.

(b) Level 2 fixed income securities are valued using a market approach that includes various valuation techniques and sources, primarily using matrix/market corroborated pricing based on observable inputs including yield curves and indices.

(c) Cash, money market and other securities include mutual funds, certificates of deposit and other short-term cash investments for which the share price is $1 or book value is assumed to equal fair value due to the short duration of the investment term.

(d) Liability driven investments consist of a series of funds designed to provide returns matched to expected future cash flows, and include approximately 70% investments in fixed income securities targeting returns in line with 3-month euribor in the medium term, and 30% swaps, with an underlying portfolio of bonds and cash to counterbalance changes in the value of the swaps.

(e) The fund provides a mix of approximately 60% equity and 40% fixed income securities that achieves the target asset mix for the plan.

Schedule of Fair Value of non-U.S. Pension Plan Investments

The following table presents non-U.S. pension plan investments measured at fair value on a recurring basis as of December 31, 2012 and 2011:

	Fair Value Measurements Using
	2012								2011
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobserv- able Inputs (Level 3)		Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobserv- able Inputs (Level 3)		Total
U.S. equity (a)	$	—	$	—	$	—	$	—	$	—	$	15	$	—	$	15
Other international equity (a)		—		51		—		51		—		4		—		4
Debt securities/fixed income (a)		—		211		—		211		—		136		—		136
Liability driven investments (b)(d)		—		—		—		—		—		62		—		62
Balanced pooled funds (a)(e)		—		11		—		11		—		8		—		8
Pooled insurance products with fixed income guarantee (a)		—		5		—		5		—		6		—		6
Total	$	—	$	278	$	—	$	278	$	—	$	231	$	—	$	231

(a) Level 2 equity securities are primarily in pooled asset and mutual funds and are valued based on underlying net asset value multiplied by the number of shares held.

(b) Level 2 fixed income securities are valued using a market approach that includes various valuation techniques and sources, primarily using matrix/market corroborated pricing based on observable inputs including yield curves and indices.

(c) Cash, money market and other securities include mutual funds, certificates of deposit and other short-term cash investments for which the share price is $1 or book value is assumed to equal fair value due to the short duration of the investment term.

(d) Liability driven investments consist of a series of funds designed to provide returns matched to expected future cash flows, and include approximately 70% investments in fixed income securities targeting returns in line with 3-month euribor in the medium term, and 30% swaps, with an underlying portfolio of bonds and cash to counterbalance changes in the value of the swaps.

(e) The fund provides a mix of approximately 60% equity and 40% fixed income securities that achieves the target asset mix for the plan.

Schedule of Expected Benefit Payments

Estimated future plan benefit payments as of December 31, 2012 are as follows:

	Pension Benefits				Non-Pension Postretirement  Benefits
Year	U.S.      Plans		Non-U.S. Plans		U.S.      Plans		Non-U.S. Plans
2013	$	21	$	9	$	1	$	—
2014		21		10		1		—
2015		20		11		1		—
2016		19		12		1		—
2017		29		12		1		—
2018-2022		84		83		5		2