Retirement Benefits (Tables)

3 Months Ended

Mar. 31, 2016

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 March 31,	Benefits						Benefits
(In millions of dollars)	2016			2015			2016		2015
Service cost	$	18		$	22		$	—	$	—
Interest cost	71			84			1		1
Expected return on plan assets	(146		)	(151		)	—		—
Recognized actuarial loss	24			31			—		—
Net periodic benefit (credit) cost	$	(33	)	$	(14	)	$	1	$	1
Total (credit) cost	$	(33	)	$	(14	)	$	1	$	1

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 March 31,	Benefits						Benefits
(In millions of dollars)	2016			2015			2016			2015
Service cost	$	44		$	52		$	—		$	1
Interest cost	137			146			2			2
Expected return on plan assets	(241		)	(243		)	—			—
Amortization of prior service cost (credit)	—			—			1			—
Recognized actuarial loss (gain)	42			76			(1		)	—
Net periodic benefit (credit) cost	$	(18	)	$	31		$	2		$	3
Plan termination	—			—			—			(128		)
Total (credit) cost	$	(18	)	$	31		$	2		$	(125	)
U.S. Plans only	Pension						Post-retirement
For the Three Months Ended March 31,	Benefits						Benefits
(In millions of dollars)	2016			2015			2016			2015
Service cost	$	26		$	30		$	—		$	1
Interest cost	66			62			1			1
Expected return on plan assets	(95		)	(92		)	—			—
Amortization of prior service cost (credit)	—			—			1			—
Recognized actuarial loss (gain)	18			45			(1		)	—
Net periodic benefit cost	$	15		$	45		$	1		$	2
Plan termination	—			—			—			(128		)
Total cost (credit)	$	15		$	45		$	1		$	(126	)

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
March 31,	2016		2015		2016		2015
Weighted average assumptions:
Expected return on plan assets	7.07	%	7.25	%	—		—
Discount rate	4.11	%	3.79	%	4.12	%	4.08	%
Rate of compensation increase	2.44	%	2.42	%	—		—