Retirement Plan Benefits (Tables)

12 Months Ended

Dec. 31, 2014

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, 2014			December 31, 2013
Benefit obligation, at beginning of year	$	495		$	539
Interest cost	22			20
Benefits paid	(19		)	(18		)
Actuarial loss (gain)	56			(46		)
Benefit obligation, at end of year	$	554		$	495

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, 2014			December 31, 2013
Fair value of plan assets, at beginning of year	$	449		$	431
Actual return on plan assets	56			35
Employer contributions to plan	—			1
Benefits paid	(19		)	(18		)
Fair value of plan assets, at end of year	$	486		$	449

Components of Net Periodic Expense of Pension Plans

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

	2014			2013
Interest cost	$	22		$	20
Expected return on plan assets	(29		)	(28		)
Recognized actuarial loss	9			15
Net periodic expense	$	2		$	7

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, 2014		December 31, 2013		December 31, 2012
Discount rate	3.9	%	4.7	%	3.7	%
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, 2014		December 31, 2013		December 31, 2012
Discount rate	4.7	%	3.7	%	4.6	%
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):

2015	$	21
2016	22
2017	23
2018	25
2019	27
2020-2024	159

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, 2014 and 2013 (table in millions):

	December 31, 2014
	Level 1		Level 2		Level 3		Total
Common collective trusts	$	—	$	350	$	—	$	350
U.S. Treasury securities	2		—		—		2
Corporate debt securities	—		132		—		132
Total	$	2	$	482	$	—	484
Plan payables, net of accrued interest and dividends							2
Total							$	486
	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

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, 2014 and 2013 which represented 5% or more of the Pension Plan’s net assets were as follows (table in millions):

	2014		2013
EB Daily Valued Small Cap Stock Index Fund	$	30	$	30
EB Daily Valued Stock Index Fund	103		104
EB Daily Valued International Stock Index Fund	27		30
EB Long Term Government Bond Index	50		40
EB Long Term Credit Bond Index	74		63
Corporate Debt Securities	—		118
Custom Long Duration Fixed Income	137		—
	$	421	$	385

Weighted Average Target Asset Allocations

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

	December 31, 2014
U.S. large capitalization equities	17	%
U.S. small capitalization equities	4
International equities	4
U.S. long-duration fixed income	75
Total	100	%

Actual Allocation of the Assets in the Pension Plans

The actual allocation of the assets in the Pension Plan at December 31, 2014 and 2013 were as follows:

	December 31, 2014		December 31, 2013
U.S. large capitalization equities	30	%	33	%
U.S. small capitalization equities	6		7
International equities	7		8
U.S. long-duration fixed income	54		49
High yield fixed income	—		3
Below Investment Grade Corporate Fixed Income	3		—
Total	100	%	100	%