XML 90 R67.htm IDEA: XBRL DOCUMENT v3.10.0.1
Pension and Other Postemployment Benefits (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Amounts Recognized on the Balance Sheet:      
Noncurrent liabilities $ (2,906) $ (3,975)  
Pension      
Change in benefit obligation:      
Benefit obligation as of January 1 10,167 9,426  
Service cost 224 208 $ 191
Interest cost 372 390 398
Plan participants’ contributions 0 0  
Plan amendments 5 11  
Special termination benefits 31 0  
Medicare retiree drug subsidy 0 0  
Annuity purchase (129) 0  
Actuarial (gain) loss (710) 610  
Benefits paid (498) (478)  
Benefit obligation as of December 31 9,462 10,167 9,426
Change in fair value of plan assets:      
Fair value of plan assets as of January 1 6,704 6,213  
Actual return on plan assets (363) 950  
Annuity purchase (129) 0  
Company contributions 1,270 18  
Plan participants’ contributions 0 0  
Benefits paid (498) (477)  
Fair value of plan assets as of December 31 6,984 6,704 6,213
Funded Status:      
Funded Status (2,478) (3,463)  
Accumulated benefit obligation 8,951 9,583  
Amounts Recognized on the Balance Sheet:      
Noncurrent assets 14 0  
Current liabilities (20) (19)  
Noncurrent liabilities (2,472) (3,444)  
Net liability as of December 31 (2,478) (3,463)  
Amounts Recognized in AOCI:      
Prior service cost (credit) $ 30 $ 32  
Assumptions Used to Determine Benefit Obligations      
Discount rate 4.44% 3.75%  
Rate of compensation increase 4.10% 4.20%  
Cash balance weighted average interest crediting rate 3.34% 2.88%  
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 4.50% 4.50%  
Allocation of Plan Assets      
Asset Allocation 100.00% 100.00%  
Pension | Equity securities      
Allocation of Plan Assets      
Asset Allocation 36.00% 42.00%  
Pension | Bonds      
Allocation of Plan Assets      
Asset Allocation 34.00% 32.00%  
Pension | Absolute return strategies      
Allocation of Plan Assets      
Asset Allocation 11.00% 10.00%  
Pension | Real estate      
Allocation of Plan Assets      
Asset Allocation 10.00% 9.00%  
Pension | Derivatives      
Allocation of Plan Assets      
Asset Allocation 2.00% 0.00%  
Pension | Private equity funds      
Allocation of Plan Assets      
Asset Allocation 2.00% 1.00%  
Pension | Cash and short-term securities      
Allocation of Plan Assets      
Asset Allocation 5.00% 6.00%  
Pension | Pre Medicare      
Assumptions Used to Determine Benefit Obligations      
Health care cost trend rate assumed (pre/post-Medicare) 6.00% 6.00%  
Pension | Post Medicare      
Assumptions Used to Determine Benefit Obligations      
Health care cost trend rate assumed (pre/post-Medicare) 5.50% 5.50%  
Pension | Qualified plan      
Funded Status:      
Funded Status $ (2,093) $ (3,043)  
Pension | Non-qualified plans      
Funded Status:      
Funded Status (385) (420)  
OPEB      
Change in benefit obligation:      
Benefit obligation as of January 1 731 711  
Service cost 5 5 5
Interest cost 25 27 30
Plan participants’ contributions 3 4  
Plan amendments 5 0  
Special termination benefits 8 0  
Medicare retiree drug subsidy 1 1  
Annuity purchase 0 0  
Actuarial (gain) loss (121) 32  
Benefits paid (49) (49)  
Benefit obligation as of December 31 608 731 711
Change in fair value of plan assets:      
Fair value of plan assets as of January 1 439 420  
Actual return on plan assets (8) 49  
Annuity purchase 0 0  
Company contributions 22 16  
Plan participants’ contributions 3 4  
Benefits paid (48) (50)  
Fair value of plan assets as of December 31 408 439 $ 420
Funded Status:      
Funded Status (200) (292)  
Accumulated benefit obligation 0 0  
Amounts Recognized on the Balance Sheet:      
Noncurrent assets 0 0  
Current liabilities 0 0  
Noncurrent liabilities (200) (292)  
Net liability as of December 31 (200) (292)  
Amounts Recognized in AOCI:      
Prior service cost (credit) $ (121) $ (206)  
Assumptions Used to Determine Benefit Obligations      
Discount rate 4.30% 3.50%  
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 4.50% 4.50%  
Allocation of Plan Assets      
Asset Allocation 100.00% 100.00%  
OPEB | Equity securities      
Allocation of Plan Assets      
Asset Allocation 48.00% 50.00%  
OPEB | Bonds      
Allocation of Plan Assets      
Asset Allocation 35.00% 33.00%  
OPEB | Absolute return strategies      
Allocation of Plan Assets      
Asset Allocation 0.00% 0.00%  
OPEB | Real estate      
Allocation of Plan Assets      
Asset Allocation 0.00% 0.00%  
OPEB | Derivatives      
Allocation of Plan Assets      
Asset Allocation 0.00% 0.00%  
OPEB | Private equity funds      
Allocation of Plan Assets      
Asset Allocation 0.00% 0.00%  
OPEB | Cash and short-term securities      
Allocation of Plan Assets      
Asset Allocation 17.00% 17.00%  
OPEB | Pre Medicare      
Assumptions Used to Determine Benefit Obligations      
Health care cost trend rate assumed (pre/post-Medicare) 6.00% 6.00%  
OPEB | Post Medicare      
Assumptions Used to Determine Benefit Obligations      
Health care cost trend rate assumed (pre/post-Medicare) 5.50% 5.50%  
OPEB | Qualified plan      
Funded Status:      
Funded Status $ 0 $ 0  
OPEB | Non-qualified plans      
Funded Status:      
Funded Status $ 0 $ 0