v2.4.0.6
Postretirement Healthcare Benefit Plans (Tables) (U.S. and foreign postretirement healthcare benefits)
12 Months Ended
Dec. 31, 2011
U.S. and foreign postretirement healthcare benefits
 
Postretirement Healthcare Benefit Plans  
Changes in the U.S. and foreign defined benefit postretirement plans' benefit obligations, assets and funded status of plans recognized in the balance sheet

 

 

 
  U.S. Postretirement
Healthcare Benefits
December 31,
  Foreign Postretirement
Healthcare Benefits
December 31,
 
(US$ in millions)
  2011   2010   2011   2010  

Change in benefit obligations:

                         

Benefit obligation as of beginning of year

  $ 20   $ 26   $ 100   $ 111  

Service cost

            1     1  

Interest cost

    1     2     10     10  

Actuarial (gain) loss, net

    (3 )   (6 )   8     12  

Employee contributions

    1     1          

Plan settlements/divestitures

                (32 )

Effect of acquisitions

                1  

Benefits paid

    (2 )   (3 )   (10 )   (8 )

Impact of foreign exchange rates

            (12 )   5  
                   

Benefit obligation as of end of year

  $ 17   $ 20   $ 97   $ 100  
                   

Change in plan assets:

                         

Employer contributions

  $ 1   $ 2   $ 10   $ 8  

Employee contributions

    1     1          

Benefits paid

    (2 )   (3 )   (10 )   (8 )
                   

Fair value of plan assets as of end of year

  $   $   $   $  
                   

Funded status and net amounts recognized:

                         

Plan assets less than benefit obligation

  $ (17 ) $ (20 ) $ (97 ) $ (100 )

Net liability recognized in the balance sheet

  $ (17 ) $ (20 ) $ (97 ) $ (100 )
                   

Amounts recognized in the balance sheet consist of:

                         

Current liabilities

  $ (2 ) $ (2 ) $ (7 ) $ (8 )

Non-current liabilities

    (15 )   (18 )   (90 )   (92 )
                   

Net liability recognized

  $ (17 ) $ (20 ) $ (97 ) $ (100 )
                   
Components of net periodic benefit costs

 

 

 
  U.S. Postretirement Healthcare Benefits
Year Ended December 31,
  Foreign Postretirement Healthcare
Benefits Year Ended December 31,
 
(US$ in millions)
  2011   2010   2009   2011   2010   2009  

Service cost

  $   $   $   $ 1   $ 1   $ 2  

Interest cost

    1     2     2     10     10     10  

Amortization of prior service cost

                (1 )   (1 )    

Amortization of net loss

                1     2      

Settlement gain recognized

                    (26 )    
                           

Net periodic benefit costs

  $ 1   $ 2   $ 2   $ 11   $ (14 ) $ 12  
                           
Weighted average assumptions used in determining the benefit obligation under the U.S. and foreign postretirement healthcare benefit plans

 

 

 
  U.S. Postretirement
Healthcare Benefits
December 31,
  Foreign Postretirement
Healthcare Benefits
December 31,
 
 
  2011   2010   2011   2010  

Discount rate

    4.8 %   5.3 %   10.3 %   10.8 %
Weighted average assumptions used in determining the net periodic benefit cost under the U.S. and foreign postretirement healthcare benefit plans

 

 

 
  U.S. Postretirement
Healthcare Benefits
Year Ended
December 31,
  Foreign Postretirement
Healthcare Benefits
Year Ended
December 31,
 
 
  2011   2010   2009   2011   2010   2009  

Discount rate

    5.3 %   5.8 %   6.5 %   10.8 %   11.3 %   12.4 %
Effects of one-percentage point change in assumed healthcare cost trend rates

 

 

(US$ in millions)
  One percentage
point increase
  One percentage
point decrease
 

Effect on total service and interest cost—U.S. plans

  $   $  

Effect on total service and interest cost—Foreign plans

  $ 2   $ (1 )

Effect on postretirement benefit obligation—U.S. plans

  $ 1   $ (1 )

Effect on postretirement benefit obligation—Foreign plans

  $ 15   $ (11 )
Estimated future benefit payments for U.S. and foreign postretirement healthcare benefit plans

 

 

(US$ in millions)
  U.S. Postretirement
Healthcare Benefit
Expected Payments
  Foreign Postretirement
Healthcare Benefit
Expected Payments
 

2012

  $ 2   $ 6  

2013

    2     7  

2014

    2     7  

2015

    2     7  

2016

    2     8  

2017-2021

    6     42