Retirement Benefits (Tables)

6 Months Ended

Jun. 30, 2016

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

Schedule of Net Benefit Costs

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 June 30,	Benefits						Benefits
(In millions of dollars)	2016			2015			2016			2015
Service cost	$	46		$	50		$	—		$	1
Interest cost	138			146			1			2
Expected return on plan assets	(242		)	(243		)	—			—
Amortization of prior service (credit) cost	(1		)	—			1			1
Recognized actuarial loss (gain)	42			78			—			(1		)
Net periodic benefit (credit) cost	$	(17	)	$	31		$	2		$	3
Curtailment gain	(5		)	—			—			—
Settlement loss	1			—			—			—
Total (credit) cost	$	(21	)	$	31		$	2		$	3
Combined U.S. and significant non-U.S. Plans	Pension						Post-retirement
For the Six Months Ended June 30,	Benefits						Benefits
(In millions of dollars)	2016			2015			2016			2015
Service cost	$	90		$	102		$	—		$	2
Interest cost	275			292			3			4
Expected return on plan assets	(483		)	(486		)	—			—
Amortization of prior service (credit) cost	(1		)	—			2			1
Recognized actuarial loss (gain)	84			154			(1		)	(1		)
Net periodic benefit (credit) cost	$	(35	)	$	62		$	4		$	6
Curtailment gain	(5		)	—			—			—
Settlement loss	1			—			—			—
Plan termination	—			—			—			(128		)
Total (credit) cost	$	(39	)	$	62		$	4		$	(122	)
U.S. Plans only	Pension						Post-retirement
For the Three Months Ended June 30,	Benefits						Benefits
(In millions of dollars)	2016			2015			2016			2015
Service cost	$	27		$	29		$	—		$	—
Interest cost	66			63			—			1
Expected return on plan assets	(95		)	(92		)	—			—
Amortization of prior service cost	—			—			1			1
Recognized actuarial loss (gain)	18			46			—			(1		)
Net periodic benefit cost	$	16		$	46		$	1		$	1
Plan termination	—			—			—			—
Total cost	$	16		$	46		$	1		$	1

U.S. Plans only	Pension						Post-retirement
For the Six Months Ended June 30,	Benefits						Benefits
(In millions of dollars)	2016			2015			2016			2015
Service cost	$	53		$	59		$	—		$	1
Interest cost	132			125			1			2
Expected return on plan assets	(190		)	(184		)	—			—
Amortization of prior service cost	—			—			2			1
Recognized actuarial loss (gain)	36			91			(1		)	(1		)
Net periodic benefit cost	$	31		$	91		$	2		$	3
Plan termination	—			—			—			(128		)
Total cost (credit)	$	31		$	91		$	2		$	(125	)

Significant non-U.S. Plans only	Pension						Post-retirement
For the Three Months Ended June 30,	Benefits						Benefits
(In millions of dollars)	2016			2015			2016		2015
Service cost	$	19		$	21		$	—	$	1
Interest cost	72			83			1		1
Expected return on plan assets	(147		)	(151		)	—		—
Amortization of prior service credit	(1		)	—			—		—
Recognized actuarial loss	24			32			—		—
Net periodic benefit (credit) cost	$	(33	)	$	(15	)	$	1	$	2
Curtailment (gain)	(5		)	—			—		—
Settlement loss	1			—			—		—
Total (credit) cost	$	(37	)	$	(15	)	$	1	$	2

Significant non-U.S. Plans only	Pension						Post-retirement
For the Six Months Ended June 30,	Benefits						Benefits
(In millions of dollars)	2016			2015			2016		2015
Service cost	$	37		$	43		$	—	$	1
Interest cost	143			167			2		2
Expected return on plan assets	(293		)	(302		)	—		—
Amortization of prior service credit	(1		)	—			—		—
Recognized actuarial loss	48			63			—		—
Net periodic benefit (credit) cost	$	(66	)	$	(29	)	$	2	$	3
Curtailment gain	(5		)	—			—		—
Settlement loss	1			—			—		—
Total (credit) cost	$	(70	)	$	(29	)	$	2	$	3

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
June 30,	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	%	—		—