Retirement Benefits (Tables)

3 Months Ended

Mar. 31, 2017

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 March 31,	Benefits						Benefits
(In millions)	2017			2016			2017		2016
Service cost	$	18		$	44		$	—	$	—
Interest cost	122			137			1		2
Expected return on plan assets	(224		)	(241		)	—		—
Amortization of prior service cost	—			—			1		1
Recognized actuarial loss (gain)	40			42			—		(1		)
Net periodic benefit (credit) cost	$	(44	)	$	(18	)	$	2	$	2
Curtailment gain	(1		)	—			—		—
Settlement loss	1			—			—		—
Total (credit) cost	$	(44	)	$	(18	)	$	2	$	2

U.S. Plans only	Pension						Post-retirement
For the Three Months Ended March 31,	Benefits						Benefits
(In millions)	2017			2016			2017		2016
Service cost	$	—		$	26		$	—	$	—
Interest cost	66			66			—		1
Expected return on plan assets	(89		)	(95		)	—		—
Amortization of prior service cost	—			—			1		1
Recognized actuarial loss (gain)	9			18			—		(1		)
Net periodic benefit (credit) cost	$	(14	)	$	15		$	1	$	1

Significant non-U.S. Plans only	Pension						Post-retirement
For the Three Months Ended March 31,	Benefits						Benefits
(In millions)	2017			2016			2017		2016
Service cost	$	18		$	18		$	—	$	—
Interest cost	56			71			1		1
Expected return on plan assets	(135		)	(146		)	—		—
Recognized actuarial loss	31			24			—		—
Net periodic benefit (credit) cost	$	(30	)	$	(33	)	$	1	$	1
Curtailment gain	(1		)	—			—		—
Settlement loss	1			—			—		—
Total (credit) cost	$	(30	)	$	(33	)	$	1	$	1

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,	2017		2016		2017		2016
Weighted average assumptions:
Expected return on plan assets	6.64	%	7.07	%	—		—
Discount rate	3.40	%	4.11	%	3.64	%	4.12	%
Rate of compensation increase*	1.77	%	2.44	%	—		—

*The 2017 assumption does not include a rate of compensation increase for the U.S. defined benefit plans since future benefit accruals were discontinued for those plans after December 31, 2016.