Retirement Benefits (Tables)

9 Months Ended

Sep. 30, 2015

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Schedule of Net Benefit Costs

Significant non-U.S. Plans only	Pension						Post-retirement
For the Three Months Ended September 30,	Benefits						Benefits
(In millions of dollars)	2015			2014			2015		2014
Service cost	$	19		$	26		$	—	$	1
Interest cost	84			98			1		1
Expected return on plan assets	(153		)	(164		)	—		—
Amortization of prior service credit	—			(1		)	—		—
Recognized actuarial loss	31			24			—		—
Net periodic benefit (credit) cost	$	(19	)	$	(17	)	$	1	$	2
Curtailment loss (credit)	4			—			—		—
Settlement loss	2			—			—		—
Total (credit) cost	$	(13	)	$	(17	)	$	1	$	2

Significant non-U.S. Plans only	Pension						Post-retirement
For the Nine Months Ended September 30,	Benefits						Benefits
(In millions of dollars)	2015			2014			2015		2014
Service cost	$	62		$	104		$	1	$	2
Interest cost	251			295			3		3
Expected return on plan assets	(455		)	(489		)	—		—
Amortization of prior service cost	—			(3		)	—		—
Recognized actuarial loss	94			75			—		1
Net periodic benefit (credit) cost	$	(48	)	$	(18	)	$	4	$	6
Curtailment loss (credit)	4			(65		)	—		—
Settlement loss	2			—			—		—
Total (credit) cost	$	(42	)	$	(83	)	$	4	$	6

The components of the net periodic benefit cost for defined benefit and other post-retirement plans are as follows:

Combined U.S. and significant non-U.S. Plans	Pension						Post-retirement
For the Three Months Ended September 30,	Benefits						Benefits
(In millions of dollars)	2015			2014			2015			2014
Service cost	$	48		$	49		$	—		$	2
Interest cost	147			163			1			3
Expected return on plan assets	(246		)	(251		)	—			—
Amortization of prior service cost (credit)	—			(2		)	—			—
Recognized actuarial loss (gain)	66			55			—			(1		)
Net periodic benefit cost	$	15		$	14		$	1		$	4
Curtailment loss	4			—			—			—
Settlement loss	2			—			—			—
Total cost	$	21		$	14		$	1		$	4
Combined U.S. and significant non-U.S. Plans	Pension						Post-retirement
For the Nine Months Ended September 30,	Benefits						Benefits
(In millions of dollars)	2015			2014			2015			2014
Service cost	$	150		$	172		$	2		$	4
Interest cost	439			485			5			9
Expected return on plan assets	(732		)	(749		)	—			—
Amortization of prior service cost (credit)	—			(8		)	1			—
Recognized actuarial loss (gain)	220			159			(1		)	(1		)
Net periodic benefit cost	$	77		$	59		$	7		$	12
Curtailment cost (credit)	4			(65		)	—			—
Settlement loss	2			—			—			—
Plan termination	—			—			(128		)	—
Total cost (credit)	$	83		$	(6	)	$	(121	)	$	12
U.S. Plans only	Pension						Post-retirement
For the Three Months Ended September 30,	Benefits						Benefits
(In millions of dollars)	2015			2014			2015			2014
Service cost	$	29		$	23		$	—		$	1
Interest cost	63			65			—			2
Expected return on plan assets	(93		)	(87		)	—			—
Amortization of prior service cost (credit)	—			(1		)	—			—
Recognized actuarial loss (gain)	35			31			—			(1		)
Net periodic benefit cost	$	34		$	31		$	—		$	2

U.S. Plans only	Pension						Post-retirement
For the Nine Months Ended September 30,	Benefits						Benefits
(In millions of dollars)	2015			2014			2015			2014
Service cost	$	88		$	68		$	1		$	2
Interest cost	188			190			2			6
Expected return on plan assets	(277		)	(260		)	—			—
Amortization of prior service (credit) cost	—			(5		)	1			—
Recognized actuarial loss (gain)	126			84			(1		)	(2		)
Net periodic benefit cost	$	125		$	77		$	3		$	6
Plan termination	—			—			(128		)	—
Total cost (credit)	$	125		$	77		$	(125	)	$	6

Schedule of Assumptions Used

The weighted average actuarial assumptions utilized to calculate the net periodic benefit costs for the U.S. and significant non-U.S. defined benefit plans are as follows:

Combined U.S. and significant non-U.S. Plans	Pension Benefits				Post-retirement Benefits
September 30,	2015		2014		2015		2014
Weighted average assumptions:
Expected return on plan assets	7.25	%	7.53	%	—	%	—	%
Discount rate	3.79	%	4.74	%	4.08	%	5.03	%
Rate of compensation increase	2.42	%	2.64	%	—	%	—	%