XML 29 R55.htm IDEA: XBRL DOCUMENT v2.4.1.9
Employee Benefit Plans Level 3 (Tables)
 12 Months Ended
Dec. 31, 2014
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]  
Weighted average assumptions used in calculating net periodic benefit cost other postretirement pension plans
 
Pension Benefits
Other Postretirement Benefits
 
For the years ended December 31,
 
2014
2013
2014
2013
Discount rate
4.00
%
4.75
%
3.75
%
4.25
%
Weighted average assumptions used in calculating the net periodic benefit cost for the company pension plans
 
For the years ended December 31,
 
2014
2013
2012
Discount rate
4.75
%
4.00
%
4.50
%
Expected long-term rate of return on plan assets
7.10
%
7.10
%
7.30
%
Rate of increase in compensation levels
—
%
3.75
%
3.75
%
Weighted average assumptions used in calculating the net periodic benefit cost for the company other postretirement plans
 
For the years ended December 31,
 
2014
2013
2012
Discount rate
4.25
%
3.50
%
4.00
%
Expected long-term rate of return on plan assets
7.10
%
7.10
%
7.30
%
Assumed health care cost trend rates
 
For the years ended December 31,
 
2014
2013
2012
Pre-65 health care cost trend rate
7.70
%
8.05
%
8.45
%
Post-65 health care cost trend rate
5.60
%
5.70
%
6.15
%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
5.00
%
5.00
%
4.75
%
Year that the rate reaches the ultimate trend rate
2023

2021

2020
Defined Benefit Plan, Funded Status of Plan [Abstract]  
Amounts recognized in other comprehensive income (loss)
 
Pension Benefits
Other Postretirement Benefits
 
For the years ended December 31,
 
2014
2013
2014
2013
Amortization of actuarial loss
$
45

$
59

$
5

$
2

Settlement loss
128

—

—

—

Amortization of prior service credit
—

—

(7
)
(7
)
Net gain (loss) arising during the year
(622
)
137

(51
)
(21
)
Total
$
(449
)
$
196

$
(53
)
$
(26
)
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
 
Pension Benefits
Other Postretirement Benefits
 
For the years ended December 31,
 
2014
2013
2012
2014
2013
2012
Service cost
$
2

$
1

$
92

$
—

$
—

$
2

Interest cost
258

238

250

14

11

14

Expected return on plan assets
(325
)
(315
)
(312
)
(14
)
(14
)
(14
)
Amortization of prior service credit
—

—

(9
)
(7
)
(7
)
(4
)
Amortization of actuarial loss
45

59

231

5

2

1

Settlements
128

—

1

—

—

—

Curtailment gain due to plan freeze
—

—

(11
)
—

—

(1
)
Net periodic benefit cost
$
108

$
(17
)
$
242

$
(2
)
$
(8
)
$
(2
)
Change in plan assets
 
 
 
Other Postretirement
 
Pension Benefits
Benefits
 
For the years ended December 31,
Change in Plan Assets
2014
2013
2014
2013
Fair value of plan assets — beginning of year
$
4,630

$
4,850

$
213

$
220

Actual return on plan assets
565

(27
)
16

13

Employer contributions
101

101

—

—

Benefits paid [1]
(245
)
(278
)
(33
)
(20
)
Expenses paid
(24
)
(15
)
—

—

Settlements
(319
)
—

—

—

Foreign exchange adjustment
(1
)
(1
)
—

—

Fair value of plan assets — end of year
$
4,707

$
4,630

$
196

$
213

Funded status — end of year
$
(1,318
)
$
(886
)
$
(142
)
$
(99
)
Change in benefit obligation
 
Pension Benefits
Other Postretirement Benefits
 
For the years ended December 31,
Change in Benefit Obligation
2014
2013
2014
2013
Benefit obligation — beginning of year
$
5,516

$
6,080

$
312

$
313

Service cost (excluding expenses)
2

1

—

—

Interest cost
258

238

14

11

Plan participants’ contributions
—

—

26

24

Actuarial loss (gain)
(8
)
14

38

39

Settlements
(319
)
—

—

—

Change in assumptions
846

(508
)
16

(19
)
Benefits paid
(268
)
(308
)
(70
)
(58
)
Retiree drug subsidy
—

—

2

2

Foreign exchange adjustment
(2
)
(1
)
—

—

Benefit obligation — end of year
$
6,025

$
5,516

$
338

$
312
Amounts recognized in consolidated balance sheet
 
Pension Benefits
Other Postretirement Benefits
 
As of December 31,
 
2014
2013
2014
2013
Other liabilities
$
1,318

$
886

$
142

$
99
Defined benefit pension plans with accumulated benefit obligation in excess of plan assets
 
As of December 31,
 
2014
2013
Projected benefit obligation
$
6,025

$
5,516

Accumulated benefit obligation
6,024

5,515

Fair value of plan assets
4,707

4,630
Amounts in accumulated other comprehensive income (loss) on a before tax basis that have not yet been recognized as components of net periodic benefit cost
 
Pension Benefits
Other Postretirement Benefits
 
As of December 31,
 
2014
2013
2014
2013
Net loss
$
(2,428
)
$
(1,979
)
$
(124
)
$
(77
)
Prior service credit
—

—

97

103

Total
$
(2,428
)
$
(1,979
)
$
(27
)
$
26
Defined Benefit Plan, Assets, Target Allocations [Abstract]  
Fair value of other postretirement plan assets
 
Other Postretirement Plan Assets
at Fair Value as of December 31, 2014
Asset Category
Level 1
Level 2
Level 3
Total
Short-term investments
$
8

$
5

$
—

$
13

Fixed Income Securities:
 
 
 
 
Corporate
—

41

3

44

RMBS
—

22

3

25

U.S. Treasuries
1

44

—

45

Foreign government
—

2

—

2

CMBS
—

15

—

15

Other fixed income
—

7

—

7

Equity Securities:
 
 
 
 
Large-cap
49

—

—

49

Total other postretirement plan assets at fair value [1]
$
58

$
136

$
6

$
200

 
Other Postretirement Plan Assets
at Fair Value as of December 31, 2013
Asset Category
Level 1
Level 2
Level 3
Total
Short-term investments
$
—

$
10

$
—

$
10

Fixed Income Securities:
 
 
 
 
Corporate
—

55

—

55

RMBS
—

19

—

19

U.S. Treasuries
—

38

—

38

Foreign government
—

1

—

1

CMBS
—

24

—

24

Other fixed income
—

4

—

4

Equity Securities:
 
 
 
 
Large-cap
—

66

—

66

Total other postretirement plan assets at fair value [1]
$
—

$
217

$
—

$
217

[1]
Excludes approximately $5 of investment payables net of investment receivables that are not carried at fair value and approximately $1 of interest receivable carried at fair value.
Target allocation by asset category
 
Target Asset Allocation
 
Pension Plans
Other Postretirement Plans
 
(minimum)
(maximum)
(minimum)
(maximum)
Equity securities
10
%
25
%
15
%
35
%
Fixed income securities
50
%
70
%
65
%
85
%
Alternative assets
10
%
25
%
—
%
—
%
Weighted average asset allocation
 
Pension Plans
Other Postretirement Plans
 
Percentage of Assets
Percentage of Assets
 
at Fair Value
at Fair Value
 
As of December 31,
 
2014
2013
2014
2013
Equity securities
21
%
23
%
25
%
31
%
Fixed income securities
62
%
57
%
75
%
68
%
Alternative assets
17
%
20
%
—
%
1
%
Total
100
%
100
%
100
%
100
%
Pension plan asset fair value measurements using significant unobservable inputs
Pension Plan Asset Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Assets
Corporate
RMBS
Foreign government
Other fixed income
Hedge funds
Totals
Fair Value as of January 1, 2013
$
3

$
3

$
2

$
9

$
263

$
280

Realized gains/(losses), net
—

—

—

—

(6
)
(6
)
Changes in unrealized gains/(losses), net
—

—

—

(1
)
2

1

Purchases
12

—

2

10

200

224

Sales
(3
)
(1
)
—

(3
)
(79
)
(86
)
Transfers into Level 3
—

—

—

1

36

37

Transfers out of Level 3
—

—

—

(4
)
(55
)
(59
)
Fair Value as of December 31, 2013
$
12

$
2

$
4

$
12

$
361

$
391

Pension Plan Asset Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Assets
Corporate
RMBS
Foreign government
Other fixed income
Hedge funds
Totals
Fair Value as of January 1, 2014
$
12

$
2

$
4

$
12

$
361

$
391

Realized gains (losses), net
—

—

—

—

4

4

Changes in unrealized gains (losses), net
—

7

1

(5
)
4

7

Purchases
12

3

2

6

219

242

Sales
(5
)
(1
)
(2
)
(2
)
(183
)
(193
)
Transfers into Level 3
20

17

—

7

—

44

Transfers out of Level 3
(5
)
—

—

(9
)
(224
)
(238
)
Fair Value as of December 31, 2014
$
34

$
28

$
5

$
9

$
181

$
257
Fair values of company pension plan assets
 
Pension Plan Assets at Fair Value as of December 31, 2014
Asset Category
Level 1
Level 2
Level 3
Total
Short-term investments:
$
56

$
252

$
—

$
308

Fixed Income Securities:
 
 
 
 
Corporate
—

919

34

953

RMBS
—

181

28

209

U.S. Treasuries
24

1,198

5

1,227

Foreign government
—

65

5

70

CMBS
—

156

—

156

Other fixed income [1]
—

93

4

97

Equity Securities:
 
 
 
 
Large-cap domestic
526

—

—

526

International
435

3

—

438

Other investments:
 
 
 
 
Hedge funds
—

562

181

743

Total pension plan assets at fair value [2]
$
1,041

$
3,429

$
257

$
4,727

[1]
Includes ABS, municipal bonds, and foreign bonds.
[2]
Excludes approximately $42 of investment payables net of investment receivables that are excluded from this disclosure requirement because they are trade receivables in the ordinary course of business where the carrying amount approximates fair value. Also excludes approximately $22 of interest receivable.
 
Pension Plan Assets at Fair Value as of December 31, 2013
Asset Category
Level 1
Level 2
Level 3
Total
Short-term investments:
$
13

$
364

$
—

$
377

Fixed Income Securities:
 
 
 
 
Corporate
—

890

12

902

RMBS
—

156

2

158

U.S. Treasuries
10

922

1

933

Foreign government
—

42

4

46

CMBS
—

196

1

197

Other fixed income [1]
—

85

10

95

Equity Securities:
 
 
 
 
Large-cap domestic
—

514

—

514

Mid-cap domestic
50

—

—

50

Small-cap domestic
50

—

—

50

International
459

1

—

460

Other investments:
 
 
 
 
Hedge funds
—

499

361

860

Total pension plan assets at fair value [2]
$
582

$
3,669

$
391

$
4,642

[1]
Includes ABS and municipal bonds.
[2]
Excludes approximately $34 of investment payables net of investment receivables that are excluded from this disclosure requirement because they are trade receivables in the ordinary course of business where the carrying amount approximates fair value. Also excludes approximately $22 of interest receivable.
Defined Benefit Plan Prior Contributions [Table Text Block]
Employer Contributions
Pension Benefits
Other Postretirement Benefits
2014
$
101

$
—

2013
$
101

$
—
Defined Benefit Plan, Expected Future Benefit Payments, Rolling Maturity [Abstract]  
Schedule of Expected Benefit Payments [Table Text Block]
 
Pension Benefits
Other Postretirement Benefits
2015
$
318

$
42

2016
324

40

2017
327

38

2018
332

35

2019
338

32

2020 - 2024
1,735

123

Total
$
3,374

$
310
Prescription Drug Subsidy Receipts [Table Text Block]
2015
$
3

2016
3

2017
3

2018
3

2019
3

2020 - 2024
18

Total
$
33