XML 51 R44.htm IDEA: XBRL DOCUMENT v2.4.0.6
(Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2012
Dec. 31, 2012
Pension And Other Postretirement Benefits Disclosure (Tables) [Abstract]    
Schedule Of Change In Benefit Obligation, Plan Assets And The Funded Status Of Defined Benefit Pension Plans [Table Text Block]
The benefit obligations and funded status of defined benefit pension plans are as follows:
 
United States
 
Foreign
 
2012
 
2011
 
2012
 
2011
Accumulated benefit obligation
$
1,802,811

 
$
1,684,050

 
$
648,439

 
$
543,599

 
 
 
 
 
 
 
 
Projected benefit obligation
 
 
 
 
 
 
 
Benefit obligation at beginning of year
$
1,707,390

 
$
1,632,286

 
$
581,904

 
$
541,241

Service cost
18,939

 
19,450

 
7,763

 
7,310

Interest cost
81,040

 
87,738

 
27,793

 
28,329

Plan participants' contributions

 

 
1,106

 
1,868

Actuarial loss
145,641

 
94,495

 
45,537

 
30,648

Foreign currency changes

 

 
22,115

 
(6,424
)
Settlement / curtailment
6

 
2,941

 
(1,489
)
 
16

Special termination benefits

 
1,489

 
601

 
277

Benefits paid
(130,339
)
 
(131,009
)
 
(21,504
)
 
(21,361
)
Benefit obligation at end of year
1,822,677

 
1,707,390

 
663,826

 
581,904

Fair value of plan assets available for benefits
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
1,426,536

 
1,385,174

 
438,848

 
450,683

Actual return on plan assets
193,696

 
41,388

 
44,928

 
(7,478
)
Company contributions
94,039

 
130,983

 
30,089

 
18,616

Plan participants' contributions

 

 
1,106

 
1,868

Settlement / curtailment

 

 
(1,489
)
 

Foreign currency changes

 

 
17,353

 
(3,480
)
Benefits paid
(130,339
)
 
(131,009
)
 
(21,504
)
 
(21,361
)
Fair value of plan assets at end of year
1,583,932

 
1,426,536

 
509,331

 
438,848

 
 
 
 
 
 
 
 
Funded status
$
(238,745
)
 
$
(280,854
)
 
$
(154,495
)
 
$
(143,056
)
Amounts recognized in Consolidated Balance Sheets
 
 
 
 
 
 
 
Non-current asset
$
175

 
$
40

 
$
530

 
$
888

Current liability
(7,456
)
 
(11,323
)
 
(967
)
 
(852
)
Non-current liability
(231,464
)
 
(269,571
)
 
(154,058
)
 
(143,092
)
Net amount recognized
$
(238,745
)
 
$
(280,854
)
 
$
(154,495
)
 
$
(143,056
)
 
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]  
Information provided in the table below is only for pension plans with an accumulated benefit obligation in excess of plan assets at December 31, 2012 and 2011:
 
United States
 
Foreign
 
2012
 
2011
 
2012
 
2011
Projected benefit obligation
$
1,821,300

 
$
1,705,732

 
$
660,110

 
$
579,646

Accumulated benefit obligation
$
1,801,433

 
$
1,682,392

 
$
645,361

 
$
541,723

Fair value of plan assets
$
1,582,379

 
$
1,424,837

 
$
505,084

 
$
435,702

Schedule of Costs of Retirement Plans [Table Text Block]  
 
United States
 
Foreign
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
Service cost
$
18,939

 
$
19,450

 
$
23,157

 
$
7,763

 
$
7,310

 
$
6,907

Interest cost
81,040

 
87,738

 
89,602

 
27,793

 
28,329

 
27,507

Expected return on plan assets
(121,623
)
 
(123,058
)
 
(123,095
)
 
(32,299
)
 
(31,784
)
 
(28,838
)
Amortization of transition credit

 

 

 
(10
)
 
(10
)
 
(9
)
Amortization of prior service cost
803

 
147

 
(2,575
)
 
112

 
170

 
214

Recognized net actuarial loss
52,957

 
37,522

 
32,343

 
14,103

 
11,135

 
10,205

Special termination benefits

 
1,489

 
8,148

 
601

 
277

 
291

Settlement / curtailment
(48
)
 
3,036

 
10,712

 
444

 
274

 
1,285

Net periodic benefit cost
$
32,068

 
$
26,324

 
$
38,292

 
$
18,507

 
$
15,701

 
$
17,562

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]  
Other changes in plan assets and benefit obligations for defined benefit pension plans recognized in other comprehensive income were as follows:
 
United States
 
Foreign
 
2012
 
2011
 
2012
 
2011
Curtailments effects and settlements
$
48

 
$
(95
)
 
$
(444
)
 
$
(274
)
Net actuarial loss
73,701

 
176,164

 
32,596

 
67,934

Prior service credit
(127
)
 

 

 

Amortization of net actuarial (loss) gain
(52,957
)
 
(37,522
)
 
(14,103
)
 
(11,135
)
Amortization of prior service (cost) credit
(803
)
 
(147
)
 
(112
)
 
(170
)
Net transitional obligation (asset)

 

 
10

 
9

Total recognized in other comprehensive income
$
19,862

 
$
138,400

 
$
17,947

 
$
56,364

Pretax amounts recognized in AOCI consists of:
 
 
 
 
 
 
 
 
United States
 
Foreign
 
2012
 
2011
 
2012
 
2011
Net actuarial loss
$
879,323

 
$
858,531

 
$
242,668

 
$
224,731

Prior service cost
1,229

 
2,159

 
541

 
541

Transition asset

 

 
(263
)
 
(273
)
Total
$
880,552

 
$
860,690

 
$
242,946

 
$
224,999

The estimated amounts that will be amortized from AOCI into net periodic benefit cost in 2013 are as follows:
 
United States
 
Foreign
Net actuarial loss
$
72,382

 
$
13,191

Prior service cost
803

 
99

Transition asset

 
(10
)
Total
$
73,185

 
$
13,280

Schedule Of Weighted Average Assumptions Used To Determine Net Periodic Benefit Costs [Table Text Block]  
Weighted-average actuarial assumptions used to determine end of year benefit obligations and net periodic benefit cost for defined benefit pension plans include:
 
2012
 
2011
 
2010
United States
 
 
 
 
 
 
 
 
 
 
 
Used to determine benefit obligations
 
 
 
 
 
 
 
 
 
 
 
     Discount rate
4.05%
 
4.95%
 
5.60%
     Rate of compensation increase
3.50%
 
3.50%
 
3.50%
 
 
 
 
 
 
 
 
 
 
 
 
Used to determine net periodic benefit cost
 
 
 
 
 
 
 
 
 
 
 
     Discount rate
4.95%
 
5.60%
 
5.75%
     Expected return on plan assets
7.75%
 
8.00%
 
8.00%
     Rate of compensation increase
3.50%
 
3.50%
 
3.50%
 
 
 
 
 
 
 
 
 
 
 
 
Foreign
 
 
 
 
 
 
 
 
 
 
 
Used to determine benefit obligations
 
 
 
 
 
 
 
 
 
 
 
     Discount rate
1.95
%
-
4.65%
 
1.80
%
-
6.10%
 
2.25
%
-
5.50%
     Rate of compensation increase
1.50
%
-
3.50%
 
2.10
%
-
4.60%
 
2.50
%
-
5.50%
 
 
 
 
 
 
 
 
 
 
 
 
Used to determine net periodic benefit cost
 
 
 
 
 
 
 
 
 
 
 
     Discount rate
1.80
%
-
6.10%
 
2.00
%
-
5.50%
 
2.25
%
-
6.00%
     Expected return on plan assets
3.25
%
-
7.50%
 
4.00
%
-
7.75%
 
4.50
%
-
7.75%
     Rate of compensation increase
2.10
%
-
4.60%
 
2.10
%
-
5.50%
 
2.50
%
-
5.60%
Schedule Of Target Allocation And Percentage Of Plan Assets For Domestic Pension Plan [Table Text Block]  
The target asset allocation for 2013 and the actual asset allocations at December 31, 2012 and 2011, for the U.S. pension plans are as follows:
 
Target allocation
 
Percent of Plan Assets at December 31,
 
2013
 
2012
 
2011
Asset category
 
 
 
 
 
U.S. equities
14
%
 
14
%
 
18
%
Non-U.S. equities
14
%
 
15
%
 
16
%
Fixed income
62
%
 
61
%
 
56
%
Real estate
2
%
 
4
%
 
4
%
Private equity
8
%
 
6
%
 
6
%
Total
100
%
 
100
%
 
100
%
Schedule Of Target Allocation And Percentage Of Plan Assets For Foreign Pension Plan [Table Text Block]  
The target asset allocation for 2013 and the actual asset allocations at December 31, 2012 and 2011, for the U.K. pension plan are as follows:
 
Target Allocation
 
Percent of Plan Assets at December 31,
 
2013
 
2012
 
2011
Asset category
 
 
 
 
 
U.K. equities
32
%
 
32
%
 
34
%
Non-U.K. equities
33
%
 
31
%
 
28
%
Fixed income
35
%
 
36
%
 
32
%
Cash
%
 
1
%
 
6
%
Total
100
%
 
100
%
 
100
%
Schedule Of Fair Value Measurement Of Plan Assets Domestic [Table Text Block]  
United States Pension Plans
 
December 31, 2012
 
Level 1
 
Level 2
 
Level 3
 
Total
Money market funds
$

 
$
17,363

 
$

 
$
17,363

Equity securities
250,303

 
203,766

 

 
454,069

Commingled fixed income securities

 
200,899

 

 
200,899

Debt securities - U.S. and foreign governments, agencies and municipalities
53,984

 
35,461

 

 
89,445

Debt securities - corporate

 
621,691

 

 
621,691

Mortgage-backed securities

 
39,552

 
3,191

 
42,743

Asset-backed securities

 
547

 

 
547

Private equity

 

 
91,805

 
91,805

Real estate

 

 
63,168

 
63,168

Derivatives
738

 

 

 
738

Securities lending collateral (1)

 
104,375

 

 
104,375

Total plan assets at fair value
$
305,025

 
$
1,223,654

 
$
158,164

 
$
1,686,843

Securities lending payable (1)
 
 
 
 
 
 
(104,375
)
Cash
 
 
 
 
 
 
618

Other
 
 
 
 
 
 
846

Fair value of plan assets available for benefits

 


 


 
$
1,583,932

(1) Securities lending collateral is offset by a corresponding securities lending payable amount.

 
December 31, 2011
 
Level 1
 
Level 2
 
Level 3
 
Total
Money market funds
$

 
$
22,064

 
$

 
$
22,064

Equity securities
218,010

 
262,152

 

 
480,162

Commingled fixed income securities

 
177,349

 

 
177,349

Debt securities - U.S. and foreign governments, agencies and municipalities
60,411

 
16,745

 

 
77,156

Debt securities - corporate

 
467,281

 

 
467,281

Mortgage-backed securities

 
57,922

 
3,702

 
61,624

Asset-backed securities

 
919

 

 
919

Private equity

 

 
88,870

 
88,870

Real estate

 

 
57,918

 
57,918

Derivatives
293

 

 

 
293

Securities lending collateral (1)

 
119,528

 

 
119,528

Total plan assets at fair value
$
278,714

 
$
1,123,960

 
$
150,490

 
$
1,553,164

Securities lending payable (1)
 
 
 
 
 
 
(119,528
)
Cash
 
 
 
 
 
 
1,108

Other
 
 
 
 
 
 
(8,208
)
Fair value of plan assets available for benefits

 


 


 
$
1,426,536

(1) Securities lending collateral is offset by a corresponding securities lending payable amount.
Schedule Of Fair Value Measurement Of Plan Assets Foreign [Table Text Block]  
Foreign Plans
 
December 31, 2012
 
Level 1
 
Level 2
 
Level 3
 
Total
Money market funds
$

 
$
7,130

 
$

 
$
7,130

Equity securities
96,442

 
213,662

 

 
310,104

Commingled fixed income securities

 
157,332

 

 
157,332

Debt securities - U.S. and foreign governments, agencies and municipalities

 
18,937

 

 
18,937

Debt securities - corporate

 
6,935

 

 
6,935

Derivatives

 
(114
)
 

 
(114
)
Total plan assets at fair value
$
96,442

 
$
403,882

 
$

 
$
500,324

Cash
 
 
 
 
 
 
4,414

Other
 
 
 
 
 
 
4,593

Fair value of plan assets available for benefits

 


 


 
$
509,331



 
December 31, 2011
 
Level 1
 
Level 2
 
Level 3
 
Total
Money market funds
$

 
$
7,236

 
$

 
$
7,236

Equity securities
113,257

 
150,787

 

 
264,044

Commingled fixed income securities

 
127,611

 

 
127,611

Debt securities - U.S. and foreign governments, agencies and municipalities

 
13,616

 

 
13,616

Debt securities - corporate

 
7,150

 

 
7,150

Derivatives

 
382

 

 
382

Total plan assets at fair value
$
113,257

 
$
306,782

 
$

 
$
420,039

Cash
 
 
 
 
 
 
16,424

Other
 
 
 
 
 
 
2,385

Fair value of plan assets available for benefits

 


 


 
$
438,848

Schedule Of Changes In Fair Value Of Level 3 Assets Domestic [Table Text Block]  
The following table summarizes the changes in the fair value of Level 3 assets for the year ended December 31, 2012:
 
Mortgage-backed securities
 
Private equity
 
Real estate
 
Total
Balance at beginning of year
$
3,702

 
$
88,870

 
$
57,918

 
$
150,490

Realized (losses) gains
(3
)
 
(13
)
 
1,780

 
1,764

Unrealized (losses) gains
(20
)
 
742

 
5,711

 
6,433

Net purchases, sales and settlements
(488
)
 
2,206

 
(2,241
)
 
(523
)
Balance at end of year
$
3,191

 
$
91,805

 
$
63,168

 
$
158,164

Schedule Of Change In Benefit Obligation, Plan Assets And The Funded Status Of Nonpension Benefit Plans [Table Text Block]  
The benefit obligation and funded status for nonpension postretirement benefit plans are as follows:
 
2012
 
2011
Benefit obligation
 
 
 
Benefit obligation at beginning of year
$
285,828

 
$
280,386

Service cost
3,563

 
3,328

Interest cost
11,187

 
13,528

Plan participants' contributions
9,547

 
8,861

Actuarial loss
4,150

 
20,792

Foreign currency changes
697

 
(648
)
Plan amendment
8,501

 

Curtailment

 
3,245

Special termination benefits

 
300

Benefits paid
(40,616
)
 
(43,964
)
Benefit obligation at end of year (1)
$
282,857

 
$
285,828

(1)
The benefit obligation for the U.S. nonpension postretirement plans was $256 million and $262 million at December 31, 2012 and 2011, respectively.
 
2012
 
2011
Fair value of plan assets
 
 
 
Fair value of plan assets at beginning of year
$

 
$

Company contribution
31,069

 
35,103

Plan participants' contributions
9,547

 
8,861

Gross benefits paid
(40,616
)
 
(43,964
)
Fair value of plan assets at end of year
$

 
$

 
 
 
 
Funded status
$
(282,857
)
 
$
(285,828
)
Amounts recognized in the Consolidated Balance Sheets
 
 
 
Current liability
$
(25,483
)
 
$
(28,855
)
Non-current liability
(257,374
)
 
(256,973
)
Net amount recognized
$
(282,857
)
 
$
(285,828
)


Pretax amounts recognized in AOCI consist of:
 
2012
 
2011
Net actuarial loss
$
106,654

 
$
115,713

Prior service credit
8,872

 
(5,696
)
Total
$
115,526

 
$
110,017

Schedule of Defined Benefit Plans Disclosures  
 
2012
 
2011
 
2010
Service cost
$
3,563

 
$
3,328

 
$
3,724

Interest cost
11,187

 
13,528

 
13,828

Amortization of prior service benefit
(1,724
)
 
(2,504
)
 
(2,511
)
Recognized net actuarial loss
8,214

 
7,666

 
6,793

Curtailment

 
2,839

 
6,954

Special termination benefits

 
300

 
191

Net periodic benefit cost
$
21,240

 
$
25,157

 
$
28,979

Schedule Of Other Changes For Postretirement Benefit Plans Recognized In Other Comprehensive Income [Table Text Block]  
Other changes in plan assets and benefit obligation for nonpension postretirement benefit plans recognized in other comprehensive income were as follows:
 
2012
 
2011
Net actuarial loss
$
(195
)
 
$
22,201

Amortization of net actuarial loss
4,631

 
(9,980
)
Amortization of prior service credit
1,724

 
2,504

Adjustment for actual Medicare Part D Premium
(651
)
 
(2,040
)
Curtailment

 
308

Total recognized in other comprehensive income
$
5,509

 
$
12,993


The estimated amounts that will be amortized from AOCI into net periodic benefit cost in 2013 are as follows:
Net actuarial loss
$
8,961

Prior service credit
661

Total
$
9,622

Schedule Of Weighted Average Assumptions Used To Determine Net Periodic Costs For Postretirement Benefits [Table Text Blcok]  
The weighted-average discount rates used to determine end of year benefit obligation and net periodic pension cost include:
 
2012
 
2011
 
2010
Discount rate used to determine benefit obligation
 
 
 
 
 
U.S.
3.50
%
 
4.50
%
 
5.15
%
Canada
3.90
%
 
4.15
%
 
5.15
%
 
 
 
 
 
 
Discount rate used to determine net period benefit cost
 
 
 
 
 
U.S.
4.50
%
 
5.15
%
 
5.35
%
Canada
4.15
%
 
5.15
%
 
5.85
%
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]  
A 1% change in the assumed health care cost trend rates would have the following effects:
 
1% Increase
 
1% Decrease
Effect on total of service and interest cost components
573

 
(477
)
Effect on postretirement benefit obligation
10,086

 
(8,703
)

Schedule of Expected Benefit Payments [Table Text Block]  
Nonpension benefit payments are net of expected Medicare Part D subsidy.
 
Pension Benefits
 
Nonpension Benefits
Years ending December 31,
 
 
 
2013
$
139,394

 
$
25,959

2014
137,336

 
24,905

2015
130,778

 
23,826

2016
132,252

 
22,932

2017
134,710

 
22,037

2018 - 2022
700,363

 
98,604

 
$
1,374,833

 
$
218,263