XML 51 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
Retirement Benefits (Tables)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block]
             

 

Defined Benefit

Pension Plans

Retiree Health

Benefit Plans

 

 

2011

2010

2011

2010

 

 

 

 

 

Change in benefit obligation

 

 

 

 

 Benefit obligation at beginning of year

$8,115.0

$7,553.9

$2,088.5

$2,032.8

 Service cost

      236.3

    219.2

        72.4

       56.5

 Interest cost

      447.9

    431.6

      118.0

     121.4

 Actuarial loss

      794.7

    342.2

      110.2

       10.0

 Benefits paid

    (400.1)

  (387.8)

       (77.9)

      (98.0)

 Plan amendments

        10.0

       0.3

           1.1

      (64.2)

 Foreign currency exchange rate changes
    and other adjustments

 

       (12.6)

 

    (44.4)

 

         (3.7)

 

       30.0

 Benefit obligation at end of year

$9,191.2

$8,115.0

$2,308.6

$2,088.5

 

 

 

 

 

 
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
             

 

Defined Benefit

Pension Plans

Retiree Health

Benefit Plans

 

 

2011

2010

2011

2010

 

 

 

 

 

Change in plan assets

 

 

 

 

 Fair value of plan assets at

  beginning of year

 

 $6,983.0

 

$6,008.5

 

$1,327.7

 

$1,180.7

 Actual return on plan assets

       209.2

    818.3

       16.6

     152.2

 Employer contribution

       402.4

    563.5

       72.6

       92.8

 Benefits paid

     (400.1)

  (387.8)

      (77.9)

     (98.0)

 Foreign currency exchange rate

  changes and other adjustments

 

         (8.2)

 

    (19.5)

 

          0.0

 

         0.0

 Fair value of plan assets at end of year

$7,186.3

$6,983.0

$1,339.0

$1,327.7

 

 

 

 

 

 
Schedule of Net Funded Status [Table Text Block]
             

 

Defined Benefit

Pension Plans

Retiree Health

Benefit Plans

 

 

2011

2010

2011

2010

 

 

 

 

 

 Funded status

$(2,004.9)

$(1,132.0)

$  (969.6)

$  (760.8)

 Unrecognized net actuarial loss

    4,857.5

   3,796.6

  1,367.4

   1,235.3

 Unrecognized prior service cost(benefit)

         57.3

        56.1

    (215.1)

    (261.1)

 Net amount recognized

$ 2,909.9

$ 2,720.7

$   182.7

$    213.4

 

 

 

 

 

 
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
             

 

Defined Benefit

Pension Plans

Retiree Health

Benefit Plans

 

 

2011

2010

2011

2010

 

 

 

 

 

 Amounts recognized in the consolidated
  balance sheet consisted of

 

 

 

 

   Prepaid expenses and other

$    160.8

$     58.5

$       0.0

$       0.0

   Other current liabilities

       (57.5)

     (54.7)

        (9.3)

       (9.2)

   Accrued retirement benefit

 (2,108.2)

(1,135.8)

   (960.3)

   (751.6)

   Accumulated other comprehensive

    loss before income taxes

 

   4,914.8

 

  3,852.7

 

  1,152.3

 

     974.2

   Net amount recognized

$2,909.9

$2,720.7

$   182.7

$   213.4

 

 

 

 

 

 
Schedule of Assumptions Used [Table Text Block]
             

 

Defined Benefit

Pension Plans

Retiree Health

Benefit Plans

(Percents)

2011

2010

2009

2011

2010

2009

 

 

 

 

 

 

 

 Weighted-average assumptions

  as of December 31

 

 

 

 

 

 

 

 

  Discount rate for benefit obligation

5.0

5.6

5.9

5.1

5.8

6.0

  Discount rate for net benefit costs

5.6

5.9

6.7

5.8

6.0

6.9

  Rate of compensation increase for benefit
    obligation

 

3.7

 

3.7

 

3.7

 

 

 

 

 

 

  Rate of compensation increase for net
    benefit costs

 

3.7

 

3.7

 

4.1

 

 

 

 

 

 

  Expected return on plan assets for net
    benefit costs

 

8.5

 

8.8

 

8.8

 

8.8

 

9.0

 

9.0

 
Schedule of Expected Benefit Payments [Table Text Block]

 

2012

2013

2014

2015

2016

2017-2021

 

 

 

 

 

 

 

Defined benefit pension plans

$416.1

$424.2

$437.2

$449.9

$464.2

$2,609.2

 

 

 

 

 

 

 

Retiree health benefit plans-gross

$118.7

$119.1

$123.6

$127.3

$135.2

$790.8

Medicare rebates

  (11.7)

    (9.9)

  (11.0)

  (12.4)

  (13.5)

    (91.7)

Retiree health benefit plans-net

$107.0

$109.2

$112.6

$114.9

$121.7

$  699.1

 
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

 

Defined Benefit Pension Plans

Retiree Health Benefit Plans

Actuarial loss arising during period

$1,266.0

$221.3

Plan amendments during period

       10.0

      1.1

Amortization of prior service cost (benefit) included in
  net income

 

       (8.6)

 

    42.9

Amortization of net actuarial loss included in net
  income

 

    (200.4)

 

   (88.7)

Foreign currency exchange rate changes

       (4.9)

      1.5

Total other comprehensive loss during period

$1,062.1

$178.1

 
Schedule of Allocation of Plan Assets [Table Text Block]
           

 

 

Fair Value Measurements Using

 

 

 

 

 

Asset Class

 

 

 

 

 

Total

 

Quoted Prices in Active Markets for Identical Assets

(Level 1)

 

 

Significant Observable Inputs

(Level 2)

 

 

Significant Unobservable Inputs

(Level 3)

 

Defined Benefit Pension Plans

 

 

 

 

 

Public equity securities 

       U.S.

 

$    454.5

 

$   317.2

 

$   137.3

 

       $

       International

1,462.4

505.9

956.5

 

Fixed income

      Developed markets

 

929.1

 

100.9

 

828.2

 

      Emerging markets

341.5

0.1

341.4

 

Private alternative investments

      Hedge funds

 

2,312.6

 

 

 

1,064.2

 

1,248.4

      Equity-like funds

870.2

 

 

870.2

Real estate

409.2

271.2

 

138.0

Other

406.8

177.7

229.1

 

 Total

$7,186.3

$1,373.0

$3,556.7

               $2,256.6

 

Retiree Health Benefit Plans

 

 

 

 

 

Public equity securities 

     U.S.

 

$    40.9

 

$28.0

 

$      12.9

 

          $

       International

97.1

27.5

69.6

 

Fixed income

      Developed markets

 

55.3

 

 

55.3

 

      Emerging markets

34.6

 

34.6

 

Private alternative investments

      Hedge funds

 

213.1

 

 

107.8

 

105.3

      Equity-like funds

79.9

 

 

79.9

Cash value of trust owned insurance contract

767.9

 

767.9

 

Real estate

27.5

27.5

 

 

Other

22.7

8.6

14.1

 

 Total

$1,339.0

$91.6

$1,062.2

                  $185.2

 

 

Fair Value Measurements Using

 

 

 

 

 

Asset Class

 

 

 

 

 

Total

 

Quoted Prices in Active Markets for Identical Assets

(Level 1)

 

 

Significant Observable Inputs

(Level 2)

 

 

Significant Unobservable Inputs

(Level 3)

 

Defined Benefit Pension Plans

 

 

 

 

 

Public equity securities 

       U.S.

 

$   589.4

 

$   421.4

 

$   168.0

 

          $

       International

1,868.3

907.1

961.2

 

Fixed income

      Developed markets

 

791.6

 

77.6

 

714.0

 

 

      Emerging markets

336.2

 

336.2

 

Private alternative investments

      Hedge funds

 

2,020.3

 

 

 

778.4

 

1,241.9

      Equity-like funds

812.9

10.0

 

802.9

Real estate

126.5

 

 

126.5

Other

437.8

195.9

241.9

 

 Total

$6,983.0

$1,612.0

$3,199.7

               $2,171.3

 

Retiree Health Benefit Plans

 

 

 

 

 

Public equity securities 

     U.S.

 

$     56.0

 

$     39.7

 

$     16.3

 

       $

       International

131.6

67.8

63.8

 

Fixed income

      Developed markets

 

50.5

 

 

 

50.5

 

 

      Emerging markets

33.9

 

33.9

 

Private alternative investments

      Hedge funds

 

185.2

 

 

78.6

 

106.6

      Equity-like funds

74.5

 

 

74.5

Cash value of trust owned insurance contract

761.7

 

761.7

 

Other

34.3

12.6

21.7

 

 Total

$1,327.7

$   120.1

$1,026.5

              $   181.1

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
                     

 

 

 

 

 

 

 

 

 

 

Hedge Funds 

 

Equity-like 

Funds 

 

Real 

Estate 

 

 

Total 

 

 

Defined Benefit Pension Plans 

 

 

 

 

 

 

Beginning balance at January 1, 2011  

$1,241.9 

$  802.9 

$126.5 

$2,171.3 

 

Actual return on plan assets, including
  changes in foreign exchange rates:  

 

 

 

 

 

 

 

Relating to assets still held at the reporting date  

       (8.1) 

    34.4 

    3.9 

     30.2 

 

    Relating to assets sold during the period

     (18.1) 

      0.0 

    0.0 

    (18.1) 

 

Purchases 

     217.7 

   159.1 

   11.5 

    388.3 

 

Sales 

     (25.2) 

       0.0 

    (3.9) 

     (29.1) 

 

Settlements 

    (159.8) 

  (126.2) 

      0.0 

   (286.0) 

 

Ending balance at December 31, 2011 

$1,248.4 

$  870.2 

$138.0 

$2,256.6 

 

 

 

Retiree Health Benefit Plans 

 

 

 

 

 

 

Beginning balance at January 1, 2011 

$   106.6 

$    74.5 

 

$   181.1 

 

Actual return on plan assets, including
  changes in foreign exchange rates:  

 

 

 

 

 

    Relating to assets still held at the reporting date  

         0.5 

       3.3 

 

       3.8 

 

    Relating to assets sold during the period 

       (1.8) 

       0.0 

 

      (1.8) 

 

Purchases

       18.2 

     14.4 

 

      32.6 

 

Sales 

       (2.0) 

       0.0 

 

       (2.0) 

 

Settlements 

     (16.2) 

    (12.3) 

 

      (28.5) 

 

Ending balance at December 31, 2011

$   105.3 

$    79.9 

 

$   185.2 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hedge Funds

 

Equity-like Funds

 

Inter-national Equity

Fixed

Income-

Developed Markets

 

 

Real

Estate

 

 

 

Total

 

 

Defined Benefit Pension Plans

 

 

 

 

 

 

 

 

Beginning balance at January 1, 2010

 $1,381.5

$658.2

$ 3.9

$ 3.5

 $85.4

$2,132.5

 

Actual return on plan assets, including
  changes in foreign exchange rates:

 

 

 

 

 

 

 

 

 

    Relating to assets still held at the reporting date

      106.1

    66.2

   0.1

   0.1

     4.2

   176.7

 

    Relating to assets sold during the period

         0.0

    11.3

  (0.4)

  (0.1)

   (5.3)

       5.5

 

Purchases

     215.8

  131.4

   0.1

   0.0

    41.4

   388.7

 

Sales

     (21.4)

      0.0

  (3.1)

  (3.4)

      0.0

    (27.9)

 

Settlements

     (18.1)

   (64.2)

   0.0

  (0.1)

      0.0

    (82.4)

 

Transfers in and/or out of Level 3

   (422.0)

      0.0

  (0.6)

   0.0

      0.8

  (421.8)

 

Ending balance at December 31, 2010

$1,241.9

$802.9

$ 0.0

$ 0.0

$126.5

$2,171.3

 

 

Retiree Health Benefit Plans

 

 

 

 

 

 

 

 

Beginning balance at January 1, 2010

$   140.9

$   63.6

$ 0.4

$ 0.4

$   0.0

$  205.3

 

Actual return on plan assets, including
  changes in foreign exchange rates:

 

 

 

 

 

 

 

    Relating to assets still held at the reporting date

         5.4

      4.6

    0.0

   0.0

     0.0

      10.0

 

    Relating to assets sold during the period

         0.0

      0.6

    0.0

   0.0

     0.0

        0.6

 

Purchases

         5.3

    11.9

    0.0

   0.0

     0.0

      17.2

 

Sales

       (0.6)

      0.0

   (0.4)

  (0.4)

     0.0

      (1.4)

 

Settlements

       (1.8)

     (6.2)

    0.0

   0.0

     0.0

      (8.0)

 

Transfers in and/or out of Level 3

     (42.6)

       0.0

    0.0

   0.0

     0.0

    (42.6)

 

Ending balance at December 31, 2010

$   106.6

$   74.5

$  0.0

$ 0.0

$   0.0

$  181.1

 

 

 

 

 

 

 

 

Pension Plans, Defined Benefit [Member]
   
Schedule of Net Benefit Costs [Table Text Block]
             

 

Defined Benefit

Pension Plans

Retiree Health

Benefit Plans

 

2011

2010

2009

2011

2010

2009

  Components of net periodic

    benefit cost

 

 

 

 

 

 

      Service cost

$236.3

$219.2

$242.1

$  72.4

$   56.5

$  53.7

      Interest cost

447.9

431.6

417.5

118.0

121.4

119.6

      Expected return on plan assets

(685.9)

(638.2)

(584.9)

(129.4)

(122.6)

(117.9)

      Amortization of prior service         cost(benefit)

 

8.6

 

8.8

 

8.0

 

(42.9)

 

(37.2)

 

(36.0)

      Recognized actuarial loss

200.4

163.0

84.5

88.7

85.0

71.8

      Net periodic benefit cost

$207.3

$184.4

$167.2

$106.8

$103.1

$  91.2