XML 71 R17.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Benefit Plans | 6 Months Ended
--- | ---
Jun. 30, 2015
Benefit Plans | Note 9. Benefit Plans Pension Plans Prior to the divestiture of our global coffee business, certain active employees who transitioned to JDE participated in our Non-U.S. pension plans. Following the divestiture, benefits will be provided directly by JDE to participants continuing with JDE. JDE assumed certain pension plan obligations and received the related plan assets. As of June 30, 2015, these amounts were reported as held for sale and included the net benefit plan liabilities of $179 million and the related deferred tax assets of $29 million. Refer to Note 2, Divestitures and Acquisitions – Divestiture of Coffee Business, for more information. For all remaining participants, we retained the plan obligations and related plan assets. Components of Net Periodic Pension Cost: Net periodic pension cost consisted of the following:
|  | U.S. Plans |  |  | Non-U.S. Plans |
|  | For the Three Months Ended June 30, |  |  | For the Three Months Ended June 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Service cost |  | $ | 15 |  |  | $ | 13 |  |  | $ | 51 |  |  | $ | 45 |
Interest cost |  |  | 17 |  |  |  | 16 |  |  |  | 77 |  |  |  | 100 |
Expected return on plan assets |  |  | (24 | ) |  |  | (20 | ) |  |  | (119 | ) |  |  | (125 | )
Amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss from experience differences |  |  | 10 |  |  |  | 7 |  |  |  | 38 |  |  |  | 27 |
Prior service cost (1) |  |  | 1 |  |  |  | 1 |  |  |  | 16 |  |  |  | 1 |
Settlement losses (2) |  |  | 10 |  |  |  | 4 |  |  |  | – |  |  |  | 5 |
Net periodic pension cost |  | $ | 29 |  |  | $ | 21 |  |  | $ | 63 |  |  | $ | 53 |
|  | U.S. Plans |  |  | Non-U.S. Plans |
|  | For the Six Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Service cost |  | $ | 32 |  |  | $ | 28 |  |  | $ | 101 |  |  | $ | 89 |
Interest cost |  |  | 34 |  |  |  | 33 |  |  |  | 154 |  |  |  | 197 |
Expected return on plan assets |  |  | (47 | ) |  |  | (40 | ) |  |  | (238 | ) |  |  | (248 | )
Amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss from experience differences |  |  | 22 |  |  |  | 15 |  |  |  | 77 |  |  |  | 54 |
Prior service cost (1) |  |  | 1 |  |  |  | 1 |  |  |  | 16 |  |  |  | 1 |
Settlement losses (2) |  |  | 13 |  |  |  | 6 |  |  |  | – |  |  |  | 10 |
Net periodic pension cost |  | $ | 55 |  |  | $ | 43 |  |  | $ | 110 |  |  | $ | 103 |
| (1) | For the three and six months ended June 30, 2015, amortization of prior service cost includes $17 million of pension curtailment losses related to employees who transitioned to JDE upon the divestiture of our global coffee business. Refer to Note 2, Divestitures and Acquisitions – Divestiture of Coffee Business, for more information.
| (2) | For the three and six months ended June 30, 2015, settlement losses include $6 million of pension settlement losses for employees who elected lump-sum payments in connection with our 2014-2018 Restructuring Program. See Note 6, Restructuring Programs, for more information.
Employer Contributions: We make contributions to our U.S. and non-U.S. pension plans primarily to the extent that they are tax deductible and do not generate an excise tax liability. During the six months ended June 30, 2015, we contributed $207 million to our U.S. plans and $164 million to our non-U.S. plans. Based on current tax law, we plan to make further contributions of approximately $3 million to our U.S. plans and approximately $154 million to our non-U.S. plans during the remainder of 2015. However, our actual contributions may differ due to many factors, including changes in tax and other benefit laws or significant differences between expected and actual pension asset performance or interest rates. Postretirement Benefit Plans Net postretirement health care costs consisted of the following:
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Service cost |  | $ | 3 |  |  | $ | 3 |  |  | $ | 7 |  |  | $ | 6 |
Interest cost |  |  | 6 |  |  |  | 6 |  |  |  | 12 |  |  |  | 11 |
Amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss from experience differences |  |  | 4 |  |  |  | 1 |  |  |  | 7 |  |  |  | 3 |
Prior service credit |  |  | (2 | ) |  |  | (2 | ) |  |  | (4 | ) |  |  | (5 | )
Net postretirement health care costs |  | $ | 11 |  |  | $ | 8 |  |  | $ | 22 |  |  | $ | 15 |
Postemployment Benefit Plans Net postemployment costs consisted of the following:
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Service cost |  | $ | 1 |  |  | $ | 2 |  |  | $ | 3 |  |  | $ | 4 |
Interest cost |  |  | 2 |  |  |  | 1 |  |  |  | 3 |  |  |  | 3 |
Net postemployment costs |  | $ | 3 |  |  | $ | 3 |  |  | $ | 6 |  |  | $ | 7 |

X
- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=35742057&loc=SL14450702-114947 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e2410-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39675-114964 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414718&loc=d3e28014-114942 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414199&loc=d3e39622-114963 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration