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Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2016
Pension Plans |
Projected Benefit Obligations, Plan Assets and Funded Status of Pension Plans | The projected benefit obligations, plan assets and funded status of our pension plans were:
|  | U.S. Plans |  |  | Non-U.S. Plans |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
|  |  |  |  | (in millions) |  |  |  |
Benefit obligation at January 1 |  | $ | 1,566 |  |  | $ | 1,606 |  |  | $ | 9,547 |  |  | $ | 10,854 |
Service cost |  |  | 57 |  |  |  | 64 |  |  |  | 147 |  |  |  | 188 |
Interest cost |  |  | 61 |  |  |  | 67 |  |  |  | 229 |  |  |  | 307 |
Benefits paid |  |  | (32 | ) |  |  | (35 | ) |  |  | (425 | ) |  |  | (435 | )
Settlements paid |  |  | (91 | ) |  |  | (88 | ) |  |  | – |  |  |  | 1 |
Actuarial (gains) / losses |  |  | 52 |  |  |  | (49 | ) |  |  | 1,284 |  |  |  | (262 | )
Deconsolidation of JDE coffee business |  |  | – |  |  |  | – |  |  |  | – |  |  |  | (261 | )
Divestiture |  |  | – |  |  |  | – |  |  |  | (5 | ) |  |  | – |
Currency |  |  | – |  |  |  | – |  |  |  | (979 | ) |  |  | (766 | )
Other |  |  | 1 |  |  |  | 1 |  |  |  | 16 |  |  |  | (79 | )
Benefit obligation at December 31 |  |  | 1,614 |  |  |  | 1,566 |  |  |  | 9,814 |  |  |  | 9,547 |
Fair value of plan assets at January 1 |  |  | 1,247 |  |  |  | 1,216 |  |  |  | 7,721 |  |  |  | 8,362 |
Actual return on plan assets |  |  | 118 |  |  |  | (71 | ) |  |  | 1,079 |  |  |  | 192 |
Contributions |  |  | 378 |  |  |  | 225 |  |  |  | 419 |  |  |  | 318 |
Benefits paid |  |  | (32 | ) |  |  | (35 | ) |  |  | (425 | ) |  |  | (435 | )
Settlements paid |  |  | (91 | ) |  |  | (88 | ) |  |  | – |  |  |  | – |
Deconsolidation of JDE coffee business |  |  | – |  |  |  | – |  |  |  | – |  |  |  | (130 | )
Divestiture |  |  | – |  |  |  | – |  |  |  | (4 | ) |  |  | – |
Currency |  |  | – |  |  |  | – |  |  |  | (863 | ) |  |  | (579 | )
Other |  |  | – |  |  |  | – |  |  |  | (1 | ) |  |  | (7 | )
Fair value of plan assets at December 31 |  |  | 1,620 |  |  |  | 1,247 |  |  |  | 7,926 |  |  |  | 7,721 |
Net pension assets (liability) at December 31 |  | $ | 6 |  |  | $ | (319 | ) |  | $ | (1,888 | ) |  | $ | (1,826 | )
Pension Plans Resulted in Net Pension Liability | The combined U.S. and non-U.S. pension plans resulted in a net pension liability of $1,882 million at December 31, 2016 and $2,145 million at December 31, 2015. We recognized these amounts in our consolidated balance sheets as follows:
|  | As of December 31, |
|  | 2016 |  |  | 2015 |
|  | (in millions) |
Prepaid pension assets |  | $ | 159 |  |  | $ | 69 |
Other accrued liabilities |  |  | (27 | ) |  |  | (31 | )
Accrued pension costs |  |  | (2,014 | ) |  |  | (2,183 | )
|  | $ | (1,882 | ) |  | $ | (2,145 | )
Projected Benefit Obligations, Accumulated Benefit Obligations and Fair Value of Plan Assets | For these plans, the projected benefit obligations, accumulated benefit obligations and the fair value of plan assets were:
|  | U.S. Plans |  |  | Non-U.S. Plans |
|  | As of December 31, |  |  | As of December 31, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
|  | (in millions) |
Projected benefit obligation |  | $ | 96 |  |  | $ | 1,566 |  |  | $ | 8,386 |  |  | $ | 8,139 |
Accumulated benefit obligation |  |  | 88 |  |  |  | 1,463 |  |  |  | 8,168 |  |  |  | 7,920 |
Fair value of plan assets |  |  | 2 |  |  |  | 1,247 |  |  |  | 6,451 |  |  |  | 6,252 |
Components of Net Costs | Net periodic pension cost consisted of the following:
|  | U.S. Plans |  |  | Non-U.S. Plans |
|  | For the Years Ended December 31, |  |  | For the Years Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |  |  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Service cost |  | $ | 57 |  |  | $ | 64 |  |  | $ | 57 |  |  | $ | 147 |  |  | $ | 188 |  |  | $ | 184 |
Interest cost |  |  | 61 |  |  |  | 67 |  |  |  | 67 |  |  |  | 229 |  |  |  | 307 |  |  |  | 388 |
Expected return on plan assets |  |  | (97 | ) |  |  | (93 | ) |  |  | (81 | ) |  |  | (418 | ) |  |  | (478 | ) |  |  | (485 | )
Amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss from experience differences |  |  | 42 |  |  |  | 43 |  |  |  | 29 |  |  |  | 120 |  |  |  | 141 |  |  |  | 106 |
Prior service cost (1) |  |  | 2 |  |  |  | 2 |  |  |  | 2 |  |  |  | (3 | ) |  |  | 15 |  |  |  | – |
Settlement losses and other expenses (2) |  |  | 30 |  |  |  | 19 |  |  |  | 28 |  |  |  | 6 |  |  |  | 2 |  |  |  | 14 |
Net periodic pension cost |  | $ | 95 |  |  | $ | 102 |  |  | $ | 102 |  |  | $ | 81 |  |  | $ | 175 |  |  | $ | 207 |
| (1) | For the year ended December 31, 2015, amortization of prior service cost includes $17 million of pension curtailment losses related to employees who transitioned to JDE upon the contribution of our global coffee business. Refer to Note 2, Divestitures and Acquisitions – JDE Coffee Business Transactions, for more information.
| (2) | Settlement losses include $15 million for the year ended December 31, 2016 and $9 million for the year ended December 31, 2015 of pension settlement losses for employees who elected lump-sum payments in connection with our 2014-2018 Restructuring Program. Retired employees who elected lump-sum payments resulted in net settlement losses in 2016 of $15 million for our U.S. plans and $6 million for our non-U.S. plans and in 2015 of $10 million for our U.S. plans and $2 million for our non-U.S. plans. Employees who elected lump-sum payments in connection with our 2012-2014 Restructuring Program and cost saving initiatives and retired employees who elected lump-sum payments resulted in net settlement losses for our U.S. plans of $28 million in 2014. In addition, we incurred special termination benefit costs of $2 million in 2014 in the non-U.S. plans related to the 2012-2014 Restructuring Program. See Note 6, Restructuring Programs, for more information. We recorded an additional $90 million of pension settlement losses related to the coffee business transactions within the gain on the coffee business transactions. Refer to Note 2, Divestitures and Acquisitions – JDE Coffee Business Transactions, for more information.
Fair Values of Pension Plan Assets | The fair value of pension plan assets was determined using the following fair value measurements:
|  | As of December 31, 2016 |
|  |  |  |  | Quoted Prices |  |  | Significant |  |  |  |
Asset Category |  | Total Fair Value |  |  | in Active Markets for Identical Assets (Level 1) |  |  | Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (in millions) |
U.S. equity securities |  | $ | 1 |  |  | $ | 1 |  |  | $ | – |  |  | $ | – |
Non-U.S. equity securities |  |  | 427 |  |  |  | 427 |  |  |  | – |  |  |  | – |
Pooled funds - equity securities |  |  | 1,524 |  |  |  | 286 |  |  |  | 1,235 |  |  |  | 3 |
Total equity securities |  |  | 1,952 |  |  |  | 714 |  |  |  | 1,235 |  |  |  | 3 |
Government bonds |  |  | 3,009 |  |  |  | 37 |  |  |  | 2,972 |  |  |  | – |
Pooled funds - fixed-income securities |  |  | 756 |  |  |  | 103 |  |  |  | 618 |  |  |  | 35 |
Corporate bonds and other fixed-income securities |  |  | 852 |  |  |  | 357 |  |  |  | (43 | ) |  |  | 538 |
Total fixed-income securities |  |  | 4,617 |  |  |  | 497 |  |  |  | 3,547 |  |  |  | 573 |
Real estate |  |  | 170 |  |  |  | 98 |  |  |  | 50 |  |  |  | 22 |
Hedge funds |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Private equity |  |  | 2 |  |  |  | – |  |  |  | – |  |  |  | 2 |
Cash |  |  | 73 |  |  |  | 72 |  |  |  | 1 |  |  |  | – |
Other |  |  | 3 |  |  |  | 1 |  |  |  | – |  |  |  | 2 |
Total assets in the fair value hierarchy |  | $ | 6,817 |  |  | $ | 1,382 |  |  | $ | 4,833 |  |  | $ | 602 |
Investments measured at net asset value |  |  | 2,667 |  |  |  |  |  |  |  |  |  |  |  |  |
Total Investments at fair value |  | $ | 9,484 |  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of December 31, 2015 |
|  |  |  |  | Quoted Prices |  |  | Significant |  |  |  |
Asset Category |  | Total Fair Value |  |  | in Active Markets for Identical Assets (Level 1) |  |  | Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (in millions) |
U.S. equity securities |  | $ | 2 |  |  | $ | 2 |  |  | $ | – |  |  | $ | – |
Non-U.S. equity securities |  |  | 498 |  |  |  | 412 |  |  |  | 86 |  |  |  | – |
Pooled funds - equity securities |  |  | 1,468 |  |  |  | 275 |  |  |  | 1,193 |  |  |  | – |
Total equity securities |  |  | 1,968 |  |  |  | 689 |  |  |  | 1,279 |  |  |  | – |
Government bonds |  |  | 1,770 |  |  |  | 35 |  |  |  | 1,735 |  |  |  | – |
Pooled funds - fixed-income securities |  |  | 575 |  |  |  | 118 |  |  |  | 431 |  |  |  | 26 |
Corporate bonds and other fixed-income securities |  |  | 1,686 |  |  |  | 320 |  |  |  | 701 |  |  |  | 665 |
Total fixed-income securities |  |  | 4,031 |  |  |  | 473 |  |  |  | 2,867 |  |  |  | 691 |
Real estate |  |  | 339 |  |  |  | 109 |  |  |  | – |  |  |  | 230 |
Hedge funds |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Private equity |  |  | 2 |  |  |  | – |  |  |  | – |  |  |  | 2 |
Cash |  |  | 138 |  |  |  | 138 |  |  |  | – |  |  |  | – |
Other |  |  | 2 |  |  |  | 1 |  |  |  | – |  |  |  | 1 |
Total assets in the fair value hierarchy |  | $ | 6,480 |  |  | $ | 1,410 |  |  | $ | 4,146 |  |  | $ | 924 |
Investments measured at net asset value |  |  | 2,422 |  |  |  |  |  |  |  |  |  |  |  |  |
Total investments at fair value |  | $ | 8,902 |  |  |  |  |  |  |  |  |  |  |  |  |
The percentage of fair value of pension plan assets was:
|  | U.S. Plans |  |  | Non-U.S. Plans |
|  | As of December 31, |  |  | As of December 31, |
Asset Category |  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Equity securities |  |  | 33% |  |  |  | 32% |  |  |  | 29% |  |  |  | 32% |
Fixed-income securities |  |  | 63% |  |  |  | 65% |  |  |  | 57% |  |  |  | 50% |
Real estate |  |  | 4% |  |  |  | 3% |  |  |  | 5% |  |  |  | 6% |
Hedge funds |  |  | – |  |  |  | – |  |  |  | 6% |  |  |  | 7% |
Private equity |  |  | – |  |  |  | – |  |  |  | 2% |  |  |  | 3% |
Cash |  |  | – |  |  |  | – |  |  |  | 1% |  |  |  | 1% |
Other |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 1% |
Total |  |  | 100% |  |  |  | 100% |  |  |  | 100% |  |  |  | 100% |
Schedule of Changes in Level 3 Plan Assets | Changes in our Level 3 plan assets, which are recorded in other comprehensive earnings / (losses), included:
Asset Category |  | January 1, 2016 Balance |  |  | Net Realized and Unrealized Gains/ (Losses) |  |  | Net Purchases, Issuances and Settlements |  |  | Net Transfers Into/(Out of) Level 3 |  |  | Currency Impact |  |  | December 31, 2016 Balance |
|  | (in millions) |
Non-U.S. equity |  | $ | – |  |  | $ | – |  |  | $ | – |  |  | $ | 3 |  |  | $ | – |  |  |  | 3 |
Pooled funds- fixed-income securities |  |  | 26 |  |  |  | 6 |  |  |  | 15 |  |  |  | (7 | ) |  |  | (5 | ) |  |  | 35 |
Corporate bond and other fixed-income securities |  |  | 665 |  |  |  | 21 |  |  |  | (41 | ) |  |  | – |  |  |  | (107 | ) |  |  | 538 |
Real estate |  |  | 230 |  |  |  | – |  |  |  | (184 | ) |  |  | (3 | ) |  |  | (21 | ) |  |  | 22 |
Hedge funds |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Private equity |  |  | 3 |  |  |  | – |  |  |  | – |  |  |  | 1 |  |  |  | – |  |  |  | 4 |
Total Level 3 investments |  | $ | 924 |  |  | $ | 27 |  |  | $ | (210 | ) |  | $ | (6 | ) |  | $ | (133 | ) |  | $ | 602 |
Asset Category |  | January 1, 2015 Balance |  |  | Net Realized and Unrealized Gains/ (Losses) |  |  | Net Purchases, Issuances and Settlements |  |  | Net Transfers Into/(Out of) Level 3 |  |  | Currency Impact |  |  | December 31, 2015 Balance |
|  | (in millions) |
Pooled funds- fixed-income securities |  | $ | 97 |  |  | $ | (1 | ) |  | $ | 25 |  |  | $ | (89 | ) |  | $ | (6 | ) |  | $ | 26 |
Corporate bond and other fixed-income securities |  |  | 749 |  |  |  | 4 |  |  |  | (50 | ) |  |  | – |  |  |  | (38 | ) |  |  | 665 |
Real estate |  |  | 292 |  |  |  | 19 |  |  |  | 61 |  |  |  | (125 | ) |  |  | (17 | ) |  |  | 230 |
Hedge funds |  |  | 829 |  |  |  | 13 |  |  |  | (312 | ) |  |  | (499 | ) |  |  | (31 | ) |  |  | – |
Private equity |  |  | 240 |  |  |  | 17 |  |  |  | (36 | ) |  |  | (206 | ) |  |  | (12 | ) |  |  | 3 |
Total Level 3 investments |  | $ | 2,207 |  |  | $ | 52 |  |  | $ | (312 | ) |  | $ | (919 | ) |  | $ | (104 | ) |  | $ | 924 |
Estimated Future Benefit Payments | The estimated future benefit payments from our pension plans at December 31, 2016 were (in millions):
Year ending: |  | 2017 |  |  | 2018 |  |  | 2019 |  |  | 2020 |  |  | 2021 |  |  | 2022-2026 |
U.S. Plans |  | $ | 89 |  |  | $ | 97 |  |  | $ | 103 |  |  | $ | 107 |  |  | $ | 108 |  |  | $ | 568 |
Non-U.S. Plans |  |  | 357 |  |  |  | 356 |  |  |  | 363 |  |  |  | 378 |  |  |  | 400 |  |  |  | 2,138 |
Schedule of Individually Significant Multiemployer Pension Plan | The only individually significant multiemployer plan we participate in as of December 31, 2016 is the Bakery and Confectionery Union and Industry International Pension Fund (the “Fund”).
|  |  |  |  |  |  |  |  |  |  |  | Expiration Date |
|  |  |  |  | Pension |  | FIP / RP |  |  |  |  | of Collective- |
|  | EIN / Pension |  |  | Protection Act |  | Status Pending / |  |  | Surcharge |  | Bargaining |
Pension Fund |  | Plan Number |  |  | Zone Status |  | Implemented |  |  | Imposed |  | Agreements |
Bakery and Confectionery Union and Industry International Pension Fund |  |  | 526118572 |  |  | Red |  |  | Implemented |  |  | Yes |  |  | 2/29/2016 |
Defined Benefit Pension Plan Benefit Obligation |
Weighted Average Assumptions | We used the following weighted-average assumptions to determine our benefit obligations under the pension plans:
|  | U.S. Plans |  |  | Non-U.S. Plans |
|  | As of December 31, |  |  | As of December 31, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Discount rate |  |  | 4.19% |  |  |  | 4.50% |  |  |  | 2.31% |  |  |  | 3.11% |
Expected rate of return on plan assets |  |  | 6.25% |  |  |  | 6.75% |  |  |  | 5.14% |  |  |  | 5.87% |
Rate of compensation increase |  |  | 4.00% |  |  |  | 4.00% |  |  |  | 3.29% |  |  |  | 3.18% |
Postretirement Benefit Plans |
Weighted Average Assumptions | We used the following weighted-average assumptions to determine our net periodic pension cost:
|  | U.S. Plans |  |  | Non-U.S. Plans |
|  | For the Years Ended December 31, |  |  | For the Years Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |  |  | 2016 |  |  | 2015 |  |  | 2014 |
Discount rate |  |  | 4.50% |  |  |  | 4.20% |  |  |  | 5.10% |  |  |  | 3.11% |  |  |  | 2.99% |  |  |  | 4.03% |
Expected rate of return on plan assets |  |  | 6.75% |  |  |  | 7.25% |  |  |  | 7.75% |  |  |  | 5.87% |  |  |  | 5.96% |  |  |  | 6.17% |
Rate of compensation increase |  |  | 4.00% |  |  |  | 4.00% |  |  |  | 4.00% |  |  |  | 3.18% |  |  |  | 3.26% |  |  |  | 3.63% |
Components of Net Costs | Net periodic postretirement health care costs consisted of the following:
|  | For the Years Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Service cost |  | $ | 12 |  |  | $ | 15 |  |  | $ | 13 |
Interest cost |  |  | 20 |  |  |  | 22 |  |  |  | 22 |
Amortization: |  |  |  |  |  |  |  |  |  |  |  |
Net loss from experience differences |  |  | 10 |  |  |  | 13 |  |  |  | 5 |
Prior service credit (1) |  |  | (20 | ) |  |  | (7 | ) |  |  | (10 | )
Net periodic postretirement health care costs |  | $ | 22 |  |  | $ | 43 |  |  | $ | 30 |
| (1) | For the year ended December 31, 2016, amortization of prior service credit includes $9 million of curtailment gain related to a change in the eligibility requirement.
Estimated Future Benefit Payments | Our estimated future benefit payments for our postretirement health care plans at December 31, 2016 were (in millions):
Year ending: |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022-2026
U.S. Plans |  | $8 |  | $10 |  | $11 |  | $12 |  | $13 |  | $80
Non-U.S. Plans |  | 5 |  | 5 |  | 5 |  | 6 |  | 6 |  | 34
Changes in Accumulated Postemployment Benefit Obligations | Our postretirement health care plans are not funded. The changes in and the amount of the accrued benefit obligation were:
|  | As of December 31, |
|  | 2016 |  |  | 2015 |
|  | (in millions) |
Accrued benefit obligation at January 1 |  | $ | 511 |  |  | $ | 538 |
Service cost |  |  | 12 |  |  |  | 15 |
Interest cost |  |  | 20 |  |  |  | 22 |
Benefits paid |  |  | (14 | ) |  |  | (10 | )
Plan amendments (1) |  |  | (149 | ) |  |  | – |
Currency |  |  | 3 |  |  |  | (22 | )
Assumption changes |  |  | 34 |  |  |  | (30 | )
Actuarial (gains) / losses |  |  | (23 | ) |  |  | (2 | )
Accrued benefit obligation at December 31 |  | $ | 394 |  |  | $ | 511 |
| (1) | Plan amendments included a change in eligibility requirements related to medical and life insurance benefits and a change in benefits for Medicare-eligible participants.
Weighted-Average Assumptions to Determine Benefit Obligations | We used the following weighted-average assumptions to determine our postretirement benefit obligations:
|  | U.S. Plans |  |  | Non-U.S. Plans |
|  | As of December 31, |  |  | As of December 31, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Discount rate |  |  | 4.14% |  |  |  | 4.60% |  |  |  | 4.55% |  |  |  | 4.77% |
Health care cost trend rate assumed for next year |  |  | 6.50% |  |  |  | 6.50% |  |  |  | 5.50% |  |  |  | 5.37% |
Ultimate trend rate |  |  | 5.00% |  |  |  | 5.00% |  |  |  | 5.68% |  |  |  | 5.55% |
Year that the rate reaches the ultimate trend rate |  |  | 2020 |  |  |  | 2020 |  |  |  | 2018 |  |  |  | 2018 |
Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates | A one-percentage-point change in assumed health care cost trend rates would have the following effects:
|  |  |  |  | As of December 31, 2016 |
|  |  |  |  | One-Percentage-Point |
|  |  |  |  | Increase |  |  | Decrease |
|  |  |  |  | (in millions) |
Effect on postretirement benefit obligation |  |  |  |  |  | $ | 41 |  |  | $ | (33 | )
Effect on annual service and interest cost |  |  |  |  |  |  | 3 |  |  |  | (2 | )
Defined Benefit Pension Net Periodic Pension Cost |
Weighted Average Assumptions | We used the following weighted-average assumptions to determine our net periodic postretirement health care cost:
|  | U.S. Plans |  | Non-U.S. Plans
|  | For the Years Ended December 31, |  | For the Years Ended December 31,
|  | 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015 |  | 2014
Discount rate |  | 4.60% |  | 4.20% |  | 5.10% |  | 4.77% |  | 4.52% |  | 5.17%
Health care cost trend rate |  | 6.50% |  | 6.50% |  | 7.00% |  | 5.50% |  | 5.18% |  | 5.11%
Postemployment Benefit Plans |
Components of Net Costs | Net periodic postemployment costs consisted of the following:
|  | For the Years Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Service cost |  | $ | 7 |  |  | $ | 7 |  |  | $ | 9 |
Interest cost |  |  | 6 |  |  |  | 5 |  |  |  | 6 |
Amortization of net gains |  |  | (1 | ) |  |  | – |  |  |  | – |
Net periodic postemployment costs |  | $ | 12 |  |  | $ | 12 |  |  | $ | 15 |
Changes in Accumulated Postemployment Benefit Obligations | Our postemployment plans are primarily not funded. The changes in and the amount of the accrued benefit obligation at December 31, 2016 and 2015 were:
|  | 2016 |  |  | 2015 |
|  | (in millions) |
Accrued benefit obligation at January 1 |  | $ | 95 |  |  | $ | 94 |
Service cost |  |  | 7 |  |  |  | 7 |
Interest cost |  |  | 6 |  |  |  | 5 |
Benefits paid |  |  | (9 | ) |  |  | (7 | )
Assumption changes |  |  | (21 | ) |  |  | (3 | )
Actuarial gains |  |  | (7 | ) |  |  | (1 | )
Accrued benefit obligation at December 31 |  | $ | 71 |  |  | $ | 95 |

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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the aggregate benefit obligation and aggregate fair value of plan assets for pension plans and/or other employee benefit plans with benefit obligations in excess of plan assets as of the measurement date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2417-114920 + Details
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- Definition Tabular disclosure of the change in the accumulated postemployment benefit obligation from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the effect of a one-percentage-point increase and the effect of a one-percentage-point decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs and the accumulated postretirement benefit obligation for health care benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (m) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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