XML 138 R49.htm IDEA: XBRL DOCUMENT v2.4.0.8
Pension Benefits (Tables) (Pension Plans, Defined Benefit [Member])
12 Months Ended
Mar. 31, 2014
Pension Plans, Defined Benefit [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Expense for Pension Plans
 
U.S. Plans
 
Non-U.S. Plans
 
Years Ended March 31,
 
Years Ended March 31,
(In millions)
2014
 
2013
 
2012
 
2014
 
2013
 
2012
Service cost - benefits earned during the year
$
4

 
$
4

 
$
4

 
$
6

 
$
3

 
$
3

Interest cost on projected benefit obligation
19

 
21

 
24

 
11

 
7

 
7

Expected return on assets
(20
)
 
(20
)
 
(23
)
 
(12
)
 
(8
)
 
(8
)
Amortization of unrecognized actuarial loss, prior service costs and net transitional obligation
32

 
28

 
24

 
4

 
4

 
3

Curtailment gain

 

 

 
(1
)
 

 

Net periodic pension expense
$
35

 
$
33

 
$
29

 
$
8

 
$
6

 
$
5

Schedule of Changes in Benefit Obligations and Plan Assets for Pension Plans
 
U.S. Plans
 
Non-U.S. Plans
 
Years Ended March 31,
 
Years Ended March 31,
(In millions)
2014
 
2013
 
2014
 
2013
Change in benefit obligations
 
 
 
 
 
 
 
Benefit obligation at beginning of period (1)
$
580

 
$
527

 
$
156

 
$
143

Service cost
4

 
4

 
6

 
3

Interest cost
19

 
21

 
11

 
7

Actuarial (gain) loss
(24
)
 
58

 
15

 
15

Benefit payments
(30
)
 
(29
)
 
(12
)
 
(6
)
Amendments
(9
)
 

 

 

Acquisitions

 

 
740

 

Foreign exchange impact and other

 
(1
)
 
18

 
(6
)
Benefit obligation at end of period (1)
$
540

 
$
580

 
$
934

 
$
156

 
 
 
 
 
 
 
 
Change in plan assets
 
 
 
 
 
 
 
Fair value of plan assets at beginning of period
$
290

 
$
284

 
$
135

 
$
126

Actual return on plan assets
28

 
19

 
11

 
12

Employer and participant contributions
12

 
17

 
12

 
8

Benefits paid
(30
)
 
(29
)
 
(10
)
 
(6
)
Acquisitions

 

 
426

 

Foreign exchange impact and other

 
(1
)
 
16

 
(5
)
Fair value of plan assets at end of period
$
300

 
$
290

 
$
590

 
$
135

 
 
 
 
 
 
 
 
Funded status at end of period
$
(240
)
 
$
(290
)
 
$
(344
)
 
$
(21
)
 
 
 
 
 
 
 
 
Amounts recognized on the balance sheet
 
 
 
 
 
 
 
Current liabilities
$
(13
)
 
$
(3
)
 
$
(9
)
 
$

Long-term liabilities
(227
)
 
(287
)
 
(335
)
 
(21
)
Total
$
(240
)
 
$
(290
)
 
$
(344
)
 
$
(21
)
(1)
The benefit obligation is the projected benefit obligation.
Schedule of Projected Benefit Obligation, Accumulated Benefit Obligation and Fair Value of Plan Assets for Pension Plans
 
U.S. Plans
 
Non-U.S. Plans
 
March 31,
 
March 31,
(In millions)
2014
 
2013
 
2014
 
2013
Projected benefit obligation
$
540

 
$
580

 
$
934

 
$
156

Accumulated benefit obligation
540

 
579

 
894

 
154

Fair value of plan assets
300

 
290

 
590

 
135

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
 
U.S. Plans
 
Non-U.S. Plans
 
March 31,
 
March 31,
(In millions)
2014
 
2013
 
2014
 
2013
Net actuarial loss
$
188

 
$
251

 
$
71

 
$
59

Prior service (credit) cost
(7
)
 
2

 

 
(2
)
Total
$
181

 
$
253

 
$
71

 
$
57

Schedule of Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
 
U.S. Plans
 
Non-U.S. Plans
 
Years Ended March 31,
 
Years Ended March 31,
(In millions)
2014
 
2013
 
2012
 
2014
 
2013
 
2012
Net actuarial (gain) loss
$
(31
)
 
$
59

 
$
42

 
$
12

 
$
11

 
$
19

Prior service credit
(8
)
 

 

 

 

 

Amortization of:
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss
(32
)
 
(27
)
 
(23
)
 
(4
)
 
(4
)
 
(2
)
Prior service (cost) credit

 
(1
)
 
(1
)
 
2

 

 
(1
)
Foreign exchange impact and other
(1
)
 

 

 
4

 
(4
)
 

Total recognized in other comprehensive loss (income)
$
(72
)
 
$
31

 
$
18

 
$
14

 
$
3

 
$
16

Schedule of Weighted-Average Assumptions Used to Estimate Net Periodic Pension Expense and Actuarial Present Value of Benefit Obligations
 
U.S. Plans
 
Non-U.S. Plans
 
Years Ended March 31,
 
Years Ended March 31,
 
2014
 
2013
 
2012
 
2014
 
2013
 
2012
Net periodic pension expense
 
 
 
 
 
 
 
 
 
 
 
Discount rates
3.39
%
 
4.11
%
 
4.82
%
 
3.95
%
 
4.50
%
 
5.42
%
Rate of increase in compensation
4.00

 
4.00

 
4.00

 
2.66

 
3.10

 
3.45

Expected long-term rate of return on plan assets
7.25

 
7.25

 
8.00

 
5.71

 
6.13

 
6.42

Benefit obligation
 
 
 
 
 
 
 
 
 
 
 
Discount rates
3.58
%
 
3.40
%
 
4.15
%
 
3.92
%
 
4.10
%
 
4.51
%
Rate of increase in compensation
4.00

 
4.00

 
4.00

 
3.27

 
3.05

 
3.06

Schedule of Sensitivity to Changes in Weighted-Average Discount Rate for U.S. Pension Plans
 
U.S. Plans
 
Non-U.S. Plans
(In millions)
One Percentage
Point Increase
 
One Percentage
Point Decrease
 
One Percentage
Point Increase
 
One Percentage
Point Decrease
Increase (decrease) on projected benefit obligation
$
(35)
 
$
40
 
$
(97)
 
$
119
Increase (decrease) on net periodic pension cost
 
(2)
 
 
2
 
 
(3)
 
 
4
Summary of Pension Plan Assets Using Fair Value Hierarchy by Asset Class
 
U.S. Plans
 
Non-U.S. Plans
 
March 31, 2014
 
March 31, 2014
(In millions)
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Cash and cash equivalents
$
8

 
$

 
$

 
$
8

 
$
7

 
$

 
$

 
$
7

Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common and preferred stock
19

 

 

 
19

 

 

 

 

Equity commingled funds

 
132

 

 
132

 
6

 
157

 

 
163

Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Government securities

 
7

 

 
7

 
4

 

 

 
4

Corporate bonds

 
22

 

 
22

 
6

 
236

 

 
242

Mortgage-backed securities

 
10

 

 
10

 

 

 

 

Asset-backed securities and other

 
22

 

 
22

 

 

 

 

Fixed income commingled funds

 
63

 

 
63

 

 
45

 

 
45

Other:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate funds

 

 
16

 
16

 

 
19

 
7

 
26

Other commingled funds

 

 

 

 
3

 
49

 

 
52

Other

 

 

 

 

 
46

 
5

 
51

Total
$
27

 
$
256

 
$
16

 
299

 
$
26

 
$
552

 
$
12

 
590

Receivables (1)
 
 
 
 
 
 
1

 
 
 
 
 
 
 

Total
 
 
 
 
 
 
$
300

 
 
 
 
 
 
 
$
590

(1)
Represents pending trades at March 31, 2014.
 
U.S. Plans
 
Non-U.S. Plans
 
March 31, 2013
 
March 31, 2013
(In millions)
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Cash and cash equivalents
$

 
$
8

 
$

 
$
8

 
$
3

 
$

 
$

 
$
3

Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common and preferred stock
20

 

 

 
20

 

 

 

 

Equity commingled funds

 
127

 

 
127

 

 
82

 

 
82

Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Government securities

 
12

 

 
12

 

 

 

 

Corporate bonds

 
19

 

 
19

 

 
9

 

 
9

Mortgage-backed securities

 
6

 

 
6

 

 

 

 

Asset-backed securities and other

 
22

 

 
22

 

 

 

 

Fixed income commingled funds

 
61

 

 
61

 

 
36

 

 
36

Other:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate funds

 

 
14

 
14

 

 

 
5

 
5

Total
$
20

 
$
255

 
$
14

 
289

 
$
3

 
$
127

 
$
5

 
135

Receivables (1)
 
 
 
 
 
 
1

 
 
 
 
 
 
 

Total
 
 
 
 
 
 
$
290

 
 
 
 
 
 
 
$
135

(1)
Represents pending trades at March 31, 2013.
Schedule of Reconciliation of Level 3 Plan Assets Held
 
U.S. Plans
 
Non-U.S. Plans
(In millions)
Real Estate
Funds
 
Other
 
Total
 
Real
Estate
Funds
 
Other
 
Total
Balance at March 31, 2012
$
12

 
$

 
$
12

 
$
5

 
$

 
$
5

Unrealized gain on plan assets still held
1

 

 
1

 

 

 

Purchases, sales and settlements
1

 

 
1

 

 

 

Balance at March 31, 2013
$
14

 
$

 
$
14

 
$
5

 
$

 
$
5

Acquisitions

 

 

 
1

 
5

 
6

Unrealized gain on plan assets still held
2

 

 
2

 
1

 

 
1

Purchases, sales and settlements

 

 

 

 

 

Balance at March 31, 2014
$
16


$

 
$
16

 
$
7

 
$
5

 
$
12