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Benefit Plans | 12 Months Ended
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Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract] |
Benefit Plans | Benefit Plans Subsidiaries of Altria Group, Inc. sponsor noncontributory defined benefit pension plans covering the majority of all employees of Altria Group, Inc. However, employees hired on or after a date specific to their employee group are not eligible to participate in these noncontributory defined benefit pension plans but are instead eligible to participate in a defined contribution plan with enhanced benefits. This transition for new hires occurred from October 1, 2006 to January 1, 2008. In addition, effective January 1, 2010, certain employees of UST and Middleton who were participants in noncontributory defined benefit pension plans ceased to earn additional benefit service under those plans and became eligible to participate in a defined contribution plan with enhanced benefits. Altria Group, Inc. and its subsidiaries also provide health care and other benefits to the majority of retired employees. The plan assets and benefit obligations of Altria Group, Inc.’s pension plans and the benefit obligations of Altria Group, Inc.’s postretirement plans are measured at December 31 of each year. Pension Plans ▪Obligations and Funded Status: The projected benefit obligations, plan assets and funded status of Altria Group, Inc.’s pension plans at December 31, 2014 and 2013, were as follows:
(in millions) | 2014 |  |  | 2013 |
Projected benefit obligation at beginning of year | $ | 7,137 |  |  | $ | 7,924 |
Service cost | 68 |  |  | 86 |
Interest cost | 345 |  |  | 314 |
Benefits paid | (410 | ) |  | (410 | )
Actuarial losses (gains) | 1,190 |  |  | (784 | )
Other | — |  |  | 7 |
Projected benefit obligation at end of year | 8,330 |  |  | 7,137 |
Fair value of plan assets at beginning of year | 7,077 |  |  | 6,167 |
Actual return on plan assets | 615 |  |  | 927 |
Employer contributions | 15 |  |  | 393 |
Benefits paid | (410 | ) |  | (410 | )
Fair value of plan assets at end of year | 7,297 |  |  | 7,077 |
Funded status at December 31 | $ | (1,033 | ) |  | $ | (60 | )
Amounts recognized in Altria Group, Inc.’s consolidated balance sheets at December 31, 2014 and 2013, were as follows:
(in millions) | 2014 |  |  | 2013 |
Other assets | $ | — |  |  | $ | 173 |
Other accrued liabilities | (21 | ) |  | (21 | )
Accrued pension costs | (1,012 | ) |  | (212 | )
| $ | (1,033 | ) |  | $ | (60 | )
The accumulated benefit obligation, which represents benefits earned to date, for the pension plans was $7.9 billion and $6.8 billion at December 31, 2014 and 2013, respectively. At December 31, 2014, the accumulated benefit obligations were in excess of plan assets for all pension plans. For plans with accumulated benefit obligations in excess of plan assets at December 31, 2013, the projected benefit obligation, accumulated benefit obligation and fair value of plan assets were $299 million, $261 million and $66 million, respectively. These amounts were primarily related to plans for salaried employees that cannot be funded under IRS regulations. The following assumptions were used to determine Altria Group, Inc.’s benefit obligations under the plans at December 31:
| 2014 |  |  | 2013 |
Discount rate | 4.1 | % |  | 4.9 | %
Rate of compensation increase | 4.0 |  |  | 4.0 |
The discount rates for Altria Group, Inc.’s plans were developed from a model portfolio of high-quality corporate bonds with durations that match the expected future cash flows of the benefit obligations. At December 31, 2014, Altria Group, Inc. updated its mortality assumptions to reflect longer life expectancy for its pension plan participants, resulting in an increase of $401 million to the projected benefit obligation at December 31, 2014. ▪Components of Net Periodic Benefit Cost: Net periodic pension cost consisted of the following for the years ended December 31, 2014, 2013 and 2012:
(in millions) | 2014 |  |  | 2013 |  |  | 2012 |
Service cost | $ | 68 |  |  | $ | 86 |  |  | $ | 79 |
Interest cost | 345 |  |  | 314 |  |  | 344 |
Expected return on plan assets | (518 | ) |  | (493 | ) |  | (442 | )
Amortization: |  |  |  |  |
Net loss | 147 |  |  | 271 |  |  | 224 |
Prior service cost | 10 |  |  | 10 |  |  | 10 |
Termination and settlement | — |  |  | 7 |  |  | 21 |
Net periodic pension cost | $ | 52 |  |  | $ | 195 |  |  | $ | 236 |
Termination and settlement shown in the table above primarily include charges related to the 2011 Cost Reduction Program. The amounts included in termination and settlement in the table above were comprised of the following changes:
(in millions) | 2013 |  |  | 2012 |
Benefit obligation | $ | 1 |  |  | $ | — |
Other comprehensive earnings/losses: |  |  |
Net loss | 6 |  |  | 21 |
| $ | 7 |  |  | $ | 21 |
For the pension plans, the estimated net loss and prior service cost that are expected to be amortized from accumulated other comprehensive losses into net periodic benefit cost during 2015 are $237 million and $7 million, respectively. The following weighted-average assumptions were used to determine Altria Group, Inc.’s net pension cost for the years ended December 31:
| 2014 |  |  | 2013 |  |  | 2012 |
Discount rate | 4.9 | % |  | 4.0 | % |  | 5.0 | %
Expected rate of return on plan assets | 8.0 |  |  | 8.0 |  |  | 8.0 |
Rate of compensation increase | 4.0 |  |  | 4.0 |  |  | 4.0 |
Altria Group, Inc. sponsors deferred profit-sharing plans covering certain salaried, non-union and union employees. Contributions and costs are determined generally as a percentage of earnings, as defined by the plans. Amounts charged to expense for these defined contribution plans totaled $82 million, $80 million and $81 million in 2014, 2013 and 2012, respectively. ▪Plan Assets: Altria Group, Inc.’s pension plans investment strategy is based on an expectation that equity securities will outperform debt securities over the long term. Altria Group, Inc. believes that it implements the investment strategy in a prudent and risk-controlled manner, consistent with the fiduciary requirements of the Employee Retirement Income Security Act of 1974, by investing retirement plan assets in a well-diversified mix of equities, fixed income and other securities that reflects the impact of the demographic mix of plan participants on the benefit obligation using a target asset allocation between equity securities and fixed income investments of 55%/45%. The composition of Altria Group, Inc.’s plan assets at December 31, 2014 was broadly characterized as an allocation between equity securities (55%), corporate bonds (33%), U.S. Treasury and foreign government securities (7%) and all other types of investments (5%). Virtually all pension assets can be used to make monthly benefit payments. Altria Group, Inc.’s pension plans investment objective is accomplished by investing in U.S. and international equity index strategies that are intended to mirror indices such as the Standard & Poor’s 500 Index, Russell Small Cap Completeness Index, Research Affiliates Fundamental Index (“RAFI”) Low Volatility U.S. Index, and Morgan Stanley Capital International (“MSCI”) Europe, Australasia, and the Far East (“EAFE”) Index. Altria Group, Inc.’s pension plans also invest in actively managed international equity securities of large, mid and small cap companies located in developed and emerging markets, as well as long duration fixed income securities that primarily include corporate bonds of companies from diversified industries. The allocation to below investment grade securities represented 19% of the fixed income holdings or 9% of total plan assets at December 31, 2014. The allocation to emerging markets represented 5% of the equity holdings or 2% of total plan assets at December 31, 2014. The allocation to real estate and private equity investments was immaterial at December 31, 2014. Altria Group, Inc.’s pension plans risk management practices include ongoing monitoring of asset allocation, investment performance and investment managers’ compliance with their investment guidelines, periodic rebalancing between equity and debt asset classes and annual actuarial re-measurement of plan liabilities. Altria Group, Inc.’s expected rate of return on pension plan assets is determined by the plan assets’ historical long-term investment performance, current asset allocation and estimates of future long-term returns by asset class. The forward-looking estimates are consistent with the overall long-term averages exhibited by returns on equity and fixed income securities. The fair values of Altria Group, Inc.’s pension plan assets by asset category were as follows: Investments at Fair Value as of December 31, 2014
(in millions) | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Common/collective trusts: |  |  |  |  |  |  |
U.S. large cap | $ | — |  |  | $ | 1,870 |  |  | $ | — |  |  | $ | 1,870 |
U.S. small cap | — |  |  | 442 |  |  | — |  |  | 442 |
International developed markets | — |  |  | 79 |  |  | — |  |  | 79 |
U.S. and foreign government securities or their agencies: |  |  |  |  |  |  |
U.S. government and agencies | — |  |  | 296 |  |  | — |  |  | 296 |
U.S. municipal bonds | — |  |  | 124 |  |  | — |  |  | 124 |
Foreign government and agencies | — |  |  | 281 |  |  | — |  |  | 281 |
Corporate debt instruments: |  |  |  |  |  |  |
Above investment grade | — |  |  | 1,765 |  |  | — |  |  | 1,765 |
Below investment grade and no rating | — |  |  | 527 |  |  | — |  |  | 527 |
Common stock: |  |  |  |  |  |  |
International equities | 1,000 |  |  | — |  |  | 1 |  |  | 1,001 |
U.S. equities | 556 |  |  | — |  |  | — |  |  | 556 |
Registered investment companies | 63 |  |  | 113 |  |  | — |  |  | 176 |
Other, net | 74 |  |  | 91 |  |  | 15 |  |  | 180 |
Total investments at fair value, net | $ | 1,693 |  |  | $ | 5,588 |  |  | $ | 16 |  |  | $ | 7,297 |
Investments at Fair Value as of December 31, 2013
(in millions) | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Common/collective trusts: |  |  |  |  |  |  |
U.S. large cap | $ | — |  |  | $ | 1,971 |  |  | $ | — |  |  | $ | 1,971 |
U.S. small cap | — |  |  | 546 |  |  | — |  |  | 546 |
International developed markets | — |  |  | 159 |  |  | — |  |  | 159 |
U.S. and foreign government securities or their agencies: |  |  |  |  |  |  |
U.S. government and agencies | — |  |  | 226 |  |  | — |  |  | 226 |
U.S. municipal bonds | — |  |  | 127 |  |  | — |  |  | 127 |
Foreign government and agencies | — |  |  | 275 |  |  | — |  |  | 275 |
Corporate debt instruments: |  |  |  |  |  |  |
Above investment grade | — |  |  | 1,371 |  |  | 1 |  |  | 1,372 |
Below investment grade and no rating | — |  |  | 380 |  |  | — |  |  | 380 |
Common stock: |  |  |  |  |  |  |
International equities | 1,050 |  |  | — |  |  | 1 |  |  | 1,051 |
U.S. equities | 506 |  |  | — |  |  | — |  |  | 506 |
Registered investment companies | 159 |  |  | 137 |  |  | — |  |  | 296 |
Other, net | 108 |  |  | 47 |  |  | 13 |  |  | 168 |
Total investments at fair value, net | $ | 1,823 |  |  | $ | 5,239 |  |  | $ | 15 |  |  | $ | 7,077 |
Level 3 holdings and transactions were immaterial to total plan assets at December 31, 2014 and 2013. For a description of the fair value hierarchy and the three levels of inputs used to measure fair value, see Note 2. Summary of Significant Accounting Policies. Following is a description of the valuation methodologies used for investments measured at fair value.
▪ | Common/Collective Trusts: Common/collective trusts consist of funds that are intended to mirror indices such as Standard & Poor’s 500 Index, Russell Small Cap Completeness Index and MSCI EAFE Index. They are valued on the basis of the relative interest of each participating investor in the fair value of the underlying assets of each of the respective common/collective trusts. The underlying assets are valued based on the net asset value (“NAV”) as provided by the investment account manager.
▪ | U.S. and Foreign Government Securities: U.S. and foreign government securities consist of investments in Treasury Nominal Bonds and Inflation Protected Securities and municipal securities. Government securities are valued at a price that is based on a compilation of primarily observable market information, such as broker quotes. Matrix pricing, yield curves and indices are used when broker quotes are not available.
▪ | Corporate Debt Instruments: Corporate debt instruments are valued at a price that is based on a compilation of primarily observable market information, such as broker quotes. Matrix pricing, yield curves and indices are used when broker quotes are not available.
▪ | Common Stock: Common stocks are valued based on the price of the security as listed on an open active exchange on last trade date.
▪ | Registered Investment Companies: Investments in mutual funds sponsored by a registered investment company are valued based on exchange listed prices and are classified in Level 1. Registered investment company funds that are designed specifically to meet Altria Group, Inc.’s pension plans investment strategies, but are not traded on an active market, are valued based on the NAV of the underlying securities as provided by the investment account manager and are classified in Level 2.
▪Cash Flows: Altria Group, Inc. makes contributions to the pension plans to the extent that the contributions are tax deductible and pays benefits that relate to plans for salaried employees that cannot be funded under IRS regulations. Currently, Altria Group, Inc. anticipates making employer contributions to its pension plans of approximately $20 million to $50 million in 2015 based on current tax law. However, this estimate is subject to change as a result of changes in tax and other benefit laws, as well as asset performance significantly above or below the assumed long-term rate of return on pension assets, or changes in interest rates. The estimated future benefit payments from the Altria Group, Inc. pension plans at December 31, 2014, were as follows:
(in millions) |
2015 | $ | 422 |
2016 | 426 |
2017 | 434 |
2018 | 440 |
2019 | 440 |
2020-2024 | 2,306 |
Postretirement Benefit Plans Net postretirement health care costs consisted of the following for the years ended December 31, 2014, 2013 and 2012:
(in millions) | 2014 |  |  | 2013 |  |  | 2012 |
Service cost | $ | 15 |  |  | $ | 18 |  |  | $ | 18 |
Interest cost | 107 |  |  | 99 |  |  | 115 |
Amortization: |  |  |  |  |
Net loss | 22 |  |  | 51 |  |  | 40 |
Prior service credit | (43 | ) |  | (45 | ) |  | (45 | )
Curtailment | — |  |  | — |  |  | (26 | )
Net postretirement health care costs | $ | 101 |  |  | $ | 123 |  |  | $ | 102 |
The curtailment gain shown in the table above resulted from plan amendments made to an Altria Group, Inc. postretirement plan during 2012 related to the 2011 Cost Reduction Program. The curtailment gain was recorded as a reduction to prior service credit in other comprehensive earnings/losses. For the postretirement benefit plans, the estimated net loss and prior service credit that are expected to be amortized from accumulated other comprehensive losses into net postretirement health care costs during 2015 are $46 million and $(39) million, respectively. The following assumptions were used to determine Altria Group, Inc.’s net postretirement cost for the years ended December 31:
| 2014 |  |  | 2013 |  |  | 2012 |
Discount rate | 4.8 | % |  | 3.9 | % |  | 4.9 | %
Health care cost trend rate | 7.0 |  |  | 7.5 |  |  | 8.0 |
Altria Group, Inc.’s postretirement health care plans are not funded. The changes in the accumulated postretirement benefit obligation at December 31, 2014 and 2013, were as follows:
(in millions) | 2014 |  |  | 2013 |
Accrued postretirement health care costs at beginning of year | $ | 2,317 |  |  | $ | 2,663 |
Service cost | 15 |  |  | 18 |
Interest cost | 107 |  |  | 99 |
Benefits paid | (132 | ) |  | (138 | )
Actuarial losses (gains) | 306 |  |  | (327 | )
Other | — |  |  | 2 |
Accrued postretirement health care costs at end of year | $ | 2,613 |  |  | $ | 2,317 |
The current portion of Altria Group, Inc.’s accrued postretirement health care costs of $152 million and $162 million at December 31, 2014 and 2013, respectively, is included in other accrued liabilities on the consolidated balance sheets. The Patient Protection and Affordable Care Act (“PPACA”), as amended by the Health Care and Education Reconciliation Act of 2010, was signed into law in March 2010. The PPACA mandates health care reforms with staggered effective dates from 2010 to 2018, including the imposition of an excise tax on high cost health care plans effective in 2018. The additional accumulated postretirement liability resulting from the PPACA, which is not material to Altria Group, Inc., has been included in Altria Group, Inc.’s accumulated postretirement benefit obligation at December 31, 2014 and 2013. Given the complexity of the PPACA and the extended time period during which implementation is expected to occur, future adjustments to Altria Group, Inc.’s accumulated postretirement benefit obligation may be necessary. The following assumptions were used to determine Altria Group, Inc.’s postretirement benefit obligations at December 31:
| 2014 |  |  | 2013 |
Discount rate | 4.0 | % |  | 4.8 | %
Health care cost trend rate assumed for next year | 7.0 |  |  | 7.0 |
Ultimate trend rate | 5.0 |  |  | 5.0 |
Year that the rate reaches the ultimate trend rate | 2019 |  |  | 2018 |
At December 31, 2014, Altria Group, Inc. updated its mortality assumptions to reflect longer life expectancy for its postretirement health care plan participants, resulting in an increase of $110 million to the accrued postretirement health care costs at December 31, 2014. Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plans. A one-percentage-point change in assumed health care cost trend rates would have had the following effects as of December 31, 2014:
| One-Percentage-Point Increase |  |  | One-Percentage-Point Decrease |
Effect on total of service and interest cost | 6.3 | % |  | (5.4 | )%
Effect on postretirement benefit obligation | 7.2 |  |  | (6.0 | )
Altria Group, Inc.’s estimated future benefit payments for its postretirement health care plans at December 31, 2014, were as follows:
(in millions) |
2015 | $ | 152 |
2016 | 157 |
2017 | 158 |
2018 | 158 |
2019 | 155 |
2020-2024 | 722 |
Postemployment Benefit Plans Altria Group, Inc. sponsors postemployment benefit plans covering substantially all salaried and certain hourly employees. The cost of these plans is charged to expense over the working life of the covered employees. Net postemployment costs consisted of the following for the years ended December 31, 2014, 2013 and 2012:
(in millions) | 2014 |  |  | 2013 |  |  | 2012 |
Service cost | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |
Interest cost | 1 |  |  | 1 |  |  | 1 |
Amortization of net loss | 18 |  |  | 18 |  |  | 17 |
Other | 2 |  |  | (17 | ) |  | (7 | )
Net postemployment costs | $ | 22 |  |  | $ | 3 |  |  | $ | 12 |
For the postemployment benefit plans, the estimated net loss that is expected to be amortized from accumulated other comprehensive losses into net postemployment costs during 2015 is approximately $19 million. Altria Group, Inc.’s postemployment benefit plans are not funded. The changes in the benefit obligations of the plans at December 31, 2014 and 2013, were as follows:
(in millions) | 2014 |  |  | 2013 |
Accrued postemployment costs at beginning of year | $ | 65 |  |  | $ | 149 |
Service cost | 1 |  |  | 1 |
Interest cost | 1 |  |  | 1 |
Benefits paid | (30 | ) |  | (65 | )
Actuarial losses (gains) and assumption changes | 30 |  |  | (4 | )
Other | 2 |  |  | (17 | )
Accrued postemployment costs at end of year | $ | 69 |  |  | $ | 65 |
The accrued postemployment costs were determined using a weighted-average discount rate of 3.0% and 3.7% in 2014 and 2013, respectively, an assumed weighted-average ultimate annual turnover rate of 0.5% in 2014 and 2013, assumed compensation cost increases of 4.0% in 2014 and 2013, and assumed benefits as defined in the respective plans. Postemployment costs arising from actions that offer employees benefits in excess of those specified in the respective plans are charged to expense when incurred. Comprehensive Earnings/Losses The amounts recorded in accumulated other comprehensive losses at December 31, 2014 consisted of the following:
(in millions) | Pensions |  |  | Post- retirement |  |  | Post- employment |  |  | Total |
Net loss | $ | (2,637 | ) |  | $ | (823 | ) |  | $ | (122 | ) |  | $ | (3,582 | )
Prior service (cost) credit | (23 | ) |  | 264 |  |  | — |  |  | 241 |
Deferred income taxes | 1,037 |  |  | 218 |  |  | 46 |  |  | 1,301 |
Amounts recorded in accumulated other comprehensive losses | $ | (1,623 | ) |  | $ | (341 | ) |  | $ | (76 | ) |  | $ | (2,040 | )
The amounts recorded in accumulated other comprehensive losses at December 31, 2013 consisted of the following:
(in millions) | Pensions |  |  | Post- retirement |  |  | Post- employment |  |  | Total |
Net loss | $ | (1,691 | ) |  | $ | (539 | ) |  | $ | (128 | ) |  | $ | (2,358 | )
Prior service (cost) credit | (33 | ) |  | 307 |  |  | — |  |  | 274 |
Deferred income taxes | 673 |  |  | 90 |  |  | 48 |  |  | 811 |
Amounts recorded in accumulated other comprehensive losses | $ | (1,051 | ) |  | $ | (142 | ) |  | $ | (80 | ) |  | $ | (1,273 | )
The movements in other comprehensive earnings/losses during the year ended December 31, 2014 were as follows:
(in millions) | Pensions |  |  | Post- retirement |  |  | Post- employment |  |  | Total |
Amounts reclassified to net earnings as components of net periodic benefit cost: |  |  |  |  |  |  |
Amortization: |  |  |  |  |  |  |
Net loss | $ | 147 |  |  | $ | 22 |  |  | $ | 18 |  |  | $ | 187 |
Prior service cost/credit | 10 |  |  | (43 | ) |  | — |  |  | (33 | )
Deferred income taxes | (61 | ) |  | 8 |  |  | (7 | ) |  | (60 | )
| 96 |  |  | (13 | ) |  | 11 |  |  | 94 |
Other movements during the year: |  |  |  |  |  |  |
Net loss | (1,093 | ) |  | (306 | ) |  | (12 | ) |  | (1,411 | )
Deferred income taxes | 425 |  |  | 120 |  |  | 5 |  |  | 550 |
| (668 | ) |  | (186 | ) |  | (7 | ) |  | (861 | )
Total movements in other comprehensive earnings/losses | $ | (572 | ) |  | $ | (199 | ) |  | $ | 4 |  |  | $ | (767 | )
The movements in other comprehensive earnings/losses during the year ended December 31, 2013 were as follows:
(in millions) | Pensions |  |  | Post- retirement |  |  | Post- employment |  |  | Total |
Amounts reclassified to net earnings as components of net periodic benefit cost: |  |  |  |  |  |  |
Amortization: |  |  |  |  |  |  |
Net loss | $ | 271 |  |  | $ | 51 |  |  | $ | 18 |  |  | $ | 340 |
Prior service cost/credit | 10 |  |  | (45 | ) |  | — |  |  | (35 | )
Other expense: |  |  |  |  |  |  |
Net loss | 6 |  |  | — |  |  | — |  |  | 6 |
Deferred income taxes | (111 | ) |  | (2 | ) |  | (7 | ) |  | (120 | )
| 176 |  |  | 4 |  |  | 11 |  |  | 191 |
Other movements during the year: |  |  |  |  |  |  |
Net loss | 1,218 |  |  | 327 |  |  | 23 |  |  | 1,568 |
Prior service cost/credit | (7 | ) |  | (2 | ) |  | — |  |  | (9 | )
Deferred income taxes | (470 | ) |  | (129 | ) |  | (10 | ) |  | (609 | )
| 741 |  |  | 196 |  |  | 13 |  |  | 950 |
Total movements in other comprehensive earnings/losses | $ | 917 |  |  | $ | 200 |  |  | $ | 24 |  |  | $ | 1,141 |
The movements in other comprehensive earnings/losses during the year ended December 31, 2012 were as follows:
(in millions) | Pensions |  |  | Post- retirement |  |  | Post- employment |  |  | Total |
Amounts reclassified to net earnings as components of net periodic benefit cost: |  |  |  |  |  |  |
Amortization: |  |  |  |  |  |  |
Net loss | $ | 224 |  |  | $ | 40 |  |  | $ | 17 |  |  | $ | 281 |
Prior service cost/credit | 10 |  |  | (45 | ) |  | — |  |  | (35 | )
Other expense (income): |  |  |  |  |  |  |
Net loss | 21 |  |  | — |  |  | — |  |  | 21 |
Prior service cost/credit | — |  |  | (26 | ) |  | — |  |  | (26 | )
Deferred income taxes | (99 | ) |  | 12 |  |  | (6 | ) |  | (93 | )
| 156 |  |  | (19 | ) |  | 11 |  |  | 148 |
Other movements during the year: |  |  |  |  |  |  |
Net loss | (643 | ) |  | (161 | ) |  | (11 | ) |  | (815 | )
Deferred income taxes | 249 |  |  | 63 |  |  | 3 |  |  | 315 |
| (394 | ) |  | (98 | ) |  | (8 | ) |  | (500 | )
Total movements in other comprehensive earnings/losses | $ | (238 | ) |  | $ | (117 | ) |  | $ | 3 |  |  | $ | (352 | )

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- Definition The entire disclosure of an entity's employee compensation and benefit plans, excluding share-based compensation and including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, life insurance, severance, health care, unemployment and other benefit plans. + References No definition available. + Details
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