Retirement Plan Benefits (Tables)

12 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Components of Change in Benefit Obligation of Pension Plans

The components of the change in benefit obligation of the Pension Plan is as follows (table in millions):

	December 31, 2013			December 31, 2012
Benefit obligation, at beginning of year	$	539		$	483
Interest cost	20			21
Benefits paid	(18		)	(17		)
Actuarial (gain) loss	(46		)	52
Benefit obligation, at end of year	$	495		$	539

Reconciliation of Beginning and Ending Balances of Fair Value of Assets of Pension Plans

The reconciliation of the beginning and ending balances of the fair value of the assets of the Pension Plan is as follows (table in millions):

	December 31, 2013			December 31, 2012
Fair value of plan assets, at beginning of year	$	431		$	397
Actual return on plan assets	35			51
Employer contributions to plan	1			—
Benefits paid	(18		)	(17		)
Fair value of plan assets, at end of year	$	449		$	431

Components of Net Periodic Expense of Pension Plans

The components of net periodic expense of the Pension Plan are as follows (table in millions):

	2013			2012			2011
Interest cost	$	20		$	21		$	23
Expected return on plan assets	(28		)	(26		)	(25		)
Recognized actuarial loss	15			13			11
Net periodic expense	$	7		$	8		$	9

Weighted Average Assumptions Used in Pension Plans to Determine Benefit Obligations

The weighted-average assumptions used in the Pension Plan to determine benefit obligations at December 31 are as follows:

	December 31, 2013		December 31, 2012		December 31, 2011
Discount rate	4.7	%	3.7	%	4.6	%
Rate of compensation increase	N/A		N/A		N/A

The weighted-average assumptions used in the Pension Plan to determine periodic benefit cost for the years ended December 31 are as follows:

	December 31, 2013		December 31, 2012		December 31, 2011
Discount rate	3.7	%	4.6	%	5.4	%
Expected long-term rate of return on plan assets	6.75	%	6.75	%	6.75	%
Rate of compensation increase	N/A		N/A		N/A

Weighted Average Assumptions Used in Pension Plans to Determine Periodic Benefit Cost

The benefit payments are expected to be paid in the following years (table in millions):

2014	$	23
2015	25
2016	26
2017	28
2018	29
2019-2022	163

Pension Plan Assets at Fair Value

The following table sets forth, by level within the fair value hierarchy, the Pension Plan’s assets at fair value as of December 31, 2013 and 2012 (table in millions):

	December 31, 2013
	Level 1		Level 2		Level 3		Total
Common collective trusts	$	—	$	330	$	—	$	330
U.S. Treasury securities	2		—		—		2
Corporate debt securities	—		114		—		114
Total	$	2	$	444	$	—	446
Plan payables, net of accrued interest and dividends							3
Total							$	449
	December 31, 2012
	Level 1		Level 2		Level 3		Total
Common collective trusts	$	—	$	308	$	—	$	308
U.S. Treasury securities	2		—		—		2
Corporate debt securities	—		120		—		120
Total	$	2	$	428	$	—	430
Plan payables, net of accrued interest and dividends							1
Total							$	431

Pension Plan Investments at Fair Value Represented 5% or More of Pension Plan Net Assets

Pension Plan investments at fair value as of December 31, 2013 and 2012 which represented 5% or more of the Pension Plan’s net assets were as follows (table in millions):

	2013		2012
EB Daily Valued Small Cap Stock Index Fund	$	30	$	26
EB Daily Valued Stock Index Fund	104		86
EB Daily Valued International Stock Index Fund	30		26
EB Long Term Government Bond Index	40		46
EB Long Term Credit Bond Index	63		68
Corporate Debt Securities	118		124
	$	385	$	376

Weighted Average Target Asset Allocations

The long-term weighted average target asset allocations are as follows:

	December 31, 2013
U.S. large capitalization equities	17	%
U.S. small capitalization equities	4
International equities	4
U.S. long-duration fixed income	75
High yield fixed income	—
Total	100	%

Actual Allocation of the Assets in the Pension Plans

The actual allocation of the assets in the Pension Plan at December 31, 2013 and 2012 were as follows:

	December 31, 2013		December 31, 2012
U.S. large capitalization equities	33	%	28	%
U.S. small capitalization equities	7		6
International equities	8		8
U.S. long-duration fixed income	49		55
High yield fixed income	3		3
Total	100	%	100	%