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Pensions, Other Post-employment Benefits and Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Costs
Components of net periodic benefit cost (credit) for the years ended December 31, 2013, 2012 and 2011 are as follows:
 
Pension Benefits
 
Other Post-Employment Benefits
 
Year Ended December 31,
 
Year Ended December 31,
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
 
(in millions)
Service cost
$
16

 
$
30

 
$
29

 
$

 
$
1

 
$
1

Interest cost
69

 
77

 
83

 
11

 
14

 
18

Expected return on plan assets
(70
)
 
(62
)
 
(67
)
 

 

 

Amortization of actuarial losses
27

 
39

 
26

 
6

 
2

 
1

Amortization of prior service credit

 
1

 

 
(9
)
 
(14
)
 
(16
)
Settlement loss (gain)
1

 
(1
)
 

 

 

 

Curtailment gain

 
(1
)
 

 
(40
)
 
(51
)
 
(1
)
 
$
43

 
$
83

 
$
71

 
$
(32
)
 
$
(48
)

$
3

Automotive Segment [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
The following provides disclosures for our Automotive segment's benefit obligations, plan assets, funded status, recognition in the consolidated balance sheets and inputs and valuation assumptions:
 
Pension Benefits
 
Other
Post-Employment Benefits
 
United States Plans
 
Non-U.S. Plans
 
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
(in millions)
Change in benefit obligation:
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation, beginning of year
$
1,298

 
$
1,227

 
$
474

 
$
362

 
$
395

 
$
350

Service cost
4

 
21

 
12

 
9

 

 
1

Interest cost
47

 
53

 
14

 
16

 
11

 
14

Employee contributions

 

 

 

 
1

 

Benefits paid
(64
)
 
(62
)
 
(28
)
 
(21
)
 
(28
)
 
(29
)
Medicare subsidies received

 

 

 

 
3

 
3

Plan amendments

 

 

 
1

 

 
(16
)
Curtailments

 
(16
)
 
(1
)
 

 
(1
)
 

Settlements

 
(4
)
 

 

 

 

Contractual termination benefit

 
6

 

 

 

 

Actuarial losses and changes in actuarial assumptions
(101
)
 
98

 
(25
)
 
94

 
(43
)
 
75

Net transfers (out) in

 
(25
)
 
(11
)
 
3

 
(1
)
 
(3
)
Currency translation

 

 
15

 
10

 
(2
)
 

Benefit obligation, end of year
1,184

 
1,298

 
450

 
474

 
335

 
395

 
 
 
 
 
 
 
 
 
 
 
 
Change in plan assets:
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets, beginning of year
778

 
670

 
55

 
48

 

 

Actual return on plan assets
138

 
82

 
2

 
3

 

 

Employee contributions

 

 

 

 
1

 

Company contributions
60

 
93

 
24

 
24

 
24

 
26

Benefits paid
(64
)
 
(62
)
 
(28
)
 
(21
)
 
(28
)
 
(29
)
Expenses
(3
)
 
(5
)
 

 

 

 

Medicare subsidies received

 

 

 

 
3

 
3

Currency translation

 

 
2

 
1

 

 

Fair value of plan assets, end of year
909

 
778

 
55

 
55

 

 

Funded status of the plan
$
(275
)
 
$
(520
)
 
$
(395
)
 
$
(419
)
 
$
(335
)
 
$
(395
)
 
 
 
 
 
 
 
 
 
 
 
 
Amounts recognized in the consolidated balance sheets:
 
 
 
 
 
 
 
 
 
 
 
Net liability recognized
$
(275
)
 
$
(520
)
 
$
(395
)
 
$
(419
)
 
$
(335
)
 
$
(395
)
 
 
 
 
 
 
 
 
 
 
 
 
Amounts recognized in accumulated other comprehensive loss, inclusive of tax impacts:
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss
$
242

 
$
435

 
$
81

 
$
107

 
$
63

 
$
113

Prior service cost (credit)

 

 
3

 
4

 
(28
)
 
(75
)
Total
$
242

 
$
435

 
$
84

 
$
111

 
$
35

 
$
38

Schedule of Assumptions Used [Table Text Block]
Weighted-average assumptions used to determine the benefit obligation as of December 31, 2013 and 2012:
 
Pension Benefits
 
Other
Post-Employment Benefits
 
United States Plans
 
Non-U.S. Plans
 
 
December 31,
 
December 31,
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
(in millions)
Discount rate
4.55
%
 
3.70
%
 
3.49
%
 
2.99
%
 
4.45
%
 
3.60
%
Rate of compensation increase
N/A

 
N/A

 
3.17
%
 
3.13
%
 
N/A

 
N/A

Weighted-average assumptions used to determine net periodic benefit cost (credit) for the years ended December 31, 2013 and 2012:
 
Pension Benefits
 
Other
Post-Employment Benefits
 
United States Plans
 
Non-U.S. Plans
 
 
Year Ended December 31,
 
Year Ended
December 31,
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
(in millions)
Discount rate
3.70
%
 
4.50
%
 
2.99
%
 
4.69
%
 
3.60
%
 
4.45
%
Expected return on plan assets
7.45
%
 
7.60
%
 
4.62
%
 
5.27
%
 
N/A

 
N/A

Rate of compensation increase
N/A

 
3.50
%
 
3.13
%
 
3.16
%
 
N/A

 
N/A

Schedule of projected benefit obligation in excess of plan assets [Table Text Block]
Information for defined benefit plans with projected benefit obligations in excess of plan assets:
 
Pension Benefits
 
Other
Post-Employment Benefits
 
United States Plans
 
Non-U.S. Plans
 
 
December 31,
 
December 31,
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
(in millions)
Projected benefit obligation
$
1,184

 
$
1,298

 
$
448

 
$
472

 
$
335

 
$
395

Fair value of plan assets
909

 
778

 
52

 
51

 

 

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
Information for pension plans with accumulated benefit obligations in excess of plan assets:
 
Pension Benefits
 
United States Plans
 
Non-U.S. Plans
 
December 31,
 
2013
 
2012
 
2013
 
2012
 
(in millions)
Projected benefit obligation
$
1,184

 
$
1,298

 
$
444

 
$
471

Accumulated benefit obligation
1,184

 
1,298

 
409

 
436

Fair value of plan assets
909

 
778

 
49

 
50

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
Amounts in accumulated other comprehensive loss expected to be recognized as components of net periodic benefit cost over 2014:
 
Pension Benefits
 
Other Post-Employment Benefits
 
United States
 
Non-U.S.
 
 
(in millions)
Amortization of actuarial losses
$
4

 
$
5

 
$
3

Amortization of prior service credit

 

 
(5
)
 
$
4

 
$
5

 
$
(2
)
Schedule of Health Care Cost Trend Rates [Table Text Block]
The assumed health care and drug cost trend rates used to measure next year's post-employment healthcare benefits are as follows:
 
Other Post-Employment Benefits
 
2013
 
2012
Health care cost trend rate
6.88%
 
7.25%
Ultimate health care cost trend rate
5.00%
 
5.00%
Year ultimate health care cost trend rate reached
2018
 
2018
 
 
 
 
Drug cost trend rate
7.81%
 
8.38%
Ultimate drug cost trend rate
5.00%
 
5.00%
Year ultimate drug cost trend rate reached
2018
 
2018
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
The assumed health care cost trend rate has a significant impact on the amounts reported for OPEB plans. The following table illustrates the sensitivity to a change in the assumed health care cost trend rate:
 
Total Service and
Interest Cost
 
APBO
 
(in millions)
100 basis point (“bp”) increase in health care cost trend rate
$
1

 
$
26

100 bp decrease in health care cost trend rate
(1
)
 
(23
)
Schedule of change in assumptions for benefit obligation [Table Text Block]
The following table illustrates the sensitivity to a change in certain assumptions for projected benefit obligations (“PBO”), associated expense and other comprehensive loss (“OCL”). The changes in these assumptions have no impact on Federal-Mogul's 2014 funding requirements.
 
Pension Benefits
 
Other Post-Employment Benefits
 
United States Plans
 
Non-U.S. Plans
 
 
Change in 2014 expense
 

Change
in
PBO
 
Change
in
accumulated
OCL
 
Change in 2014 expense
 

Change
in
PBO
 
Change
 in accumulated
OCL
 
Change in 2014 expense
 

Change
 in
PBO
 
(in millions)
25 bp decrease in discount rate
$
1

 
$
28

 
$
(28
)
 
$
1

 
$
14

 
$
(14
)
 

 
$
7

25 bp increase in discount rate
(1
)
 
(27
)
 
27

 
(1
)
 
(13
)
 
13

 

 
(7
)
25 bp decrease in return on assets rate
2

 

 

 

 

 

 

 

25 bp increase in return on assets rate
(2
)
 

 

 

 

 

 

 

Schedule of Expected Benefit Payments [Table Text Block]
Federal-Mogul's projected benefit payments from the plans are estimated as follows:
 
 
Pension Benefits
 
Other Post-Employment Benefits
Years
 
United States Plans
 
Non-U.S. Plans
 
 
 
(in millions)
2014
 
$
82

 
$
25

 
$
28

2015
 
82

 
23

 
28

2016
 
84

 
24

 
27

2017
 
83

 
23

 
27

2018
 
86

 
26

 
27

2019-2023
 
435

 
134

 
120

Railcar and Food Packaging [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
The following provides disclosures for ARI's and Viskase's benefit obligations, plan assets, funded status, and recognition in the consolidated balance sheets. As pension costs for ARI and Viskase are not material to our consolidated financial position and results of operations, we do not provide information regarding their inputs and valuation assumptions.
 
Pension Benefits
 
Other
Post-Employment Benefits
 
2013
 
2012
 
2013
 
2012
 
(in millions)
Change in benefit obligation:
 
 
 
 
 
 
 
Benefit obligation, beginning of year
$
198

 
$
178

 
$

 
$

Service cost
1

 
1

 

 

Interest cost
8

 
8

 

 

Benefits paid
(10
)
 
(9
)
 

 

Actuarial losses
(21
)
 
20

 

 

Adjustments to benefits

 

 

 

Benefit obligation, end of year
176

 
198

 

 

Change in plan assets:
 
 
 
 
 
 
 
Fair value of plan assets, beginning of year
125

 
114

 

 

Actual return on plan assets
20

 
13

 

 

Company contributions
5

 
7

 

 

Benefits paid
(10
)
 
(9
)
 

 

Fair value of plan assets, end of year
140

 
125

 

 

Funded status of the plan
$
(36
)
 
$
(73
)
 
$

 
$

Amounts recognized in the consolidated balance sheets:
 
 
 
 
 
 
 
Net liability recognized
$
(36
)
 
$
(73
)
 
$

 
$

Amounts recognized in accumulated other comprehensive loss, inclusive of tax impacts:
 
 
 
 
 
 
 
Net actuarial (loss) gain
$
(28
)
 
$
(66
)
 
$
1

 
$
1

Prior service credit

 

 

 
2

Total
$
(28
)
 
$
(66
)
 
$
1

 
$
3