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Long-Term Employee Benefit Liabilities (Tables)

12 Months Ended

Dec. 31, 2013

Long-Term Employee Benefit Liabilities

Long-term employee benefit liabilities consist of:

		2013				2012				2011
Defined benefit pension plans and other [a]		$	149			$	212			$	128
Termination and long service arrangements [b]			343				304				244
Retirement medical benefits plans [c]			34				39				37
Other long-term employee benefits			6				5				10
Long-term employee benefit obligations		$	532			$	560			$	419

Schedule of Company's Defined Benefit Pension Plan

Information about the Company’s defined benefit pension plans is as follows:

		2013				2012				2011
Projected benefit obligation
Beginning of year		$	502			$	388			$	337
Current service cost			13				11				10
Interest cost			19				18				19
Actuarial (gains) losses and changes in actuarial assumptions			(56	)			50				42
Benefits paid			(18	)			(18	)			(13	)
Special termination benefit			0				0				1
Acquisition			0				47				0
Divestitures			0				0				(3	)
Foreign exchange			(6	)			6				(5	)
End of year			454				502				388
Plan assets at fair value
Beginning of year			288				259				253
Return on plan assets			38				26				0
Employer contributions			30				19				24
Benefits paid			(18	)			(19	)			(14	)
Foreign exchange			(10	)			3				(4	)
End of year			328				288				259
Ending funded status		$	126			$	214			$	129
Amounts recorded in the consolidated balance sheet
Non-current asset [note 12]		$	(26	)		$	0			$	(1	)
Current liability			3				2				2
Non-current liability			149				212				128
Net amount		$	126			$	214			$	129
Amounts recorded in accumulated other comprehensive income
Unrecognized actuarial losses		$	(61	)		$	(141	)		$	(101	)
Net periodic benefit cost
Current service cost		$	13			$	11			$	10
Interest cost			19				18				19
Return on plan assets			(19	)			(19	)			(19	)
Actuarial losses			5				3				1
Special termination benefit			0				0				1
Net periodic benefit cost		$	18			$	13			$	12

Future Benefit Payments

[d] Future benefit payments

		Defined benefit pension plans				Termination and long service arrangements				Retirement medical benefits plans				Total
Expected employer contributions – 2014		$	33			$	11			$	2			$	46
Expected benefit payments:
2014		$	17			$	11			$	2			$	30
2015			17				10				2				29
2016			17				10				2				29
2017			18				11				3				32
2018			18				14				2				34
Thereafter			104				104				12				220
		$	191			$	160			$	23			$	374

Asset Allocation of Defined Benefit Pension Plans

The asset allocation of the Company’s defined benefit pension plans at December 31, 2013 and 2012, and the target allocation for 2014 is as follows:

		2014		2013				2012
Equity securities		55-75%			58	%			57	%
Fixed income securities		25-45%			41	%			42	%
Cash and cash equivalents		0-15%			1	%			1	%
		100%			100	%			100	%

Pension Plan, Defined Benefit [Member]

Summary of Weighted Average Significant Actuarial Assumptions Adopted in Measuring Company's Obligations and Cost

The weighted average significant actuarial assumptions adopted in measuring the Company’s obligations and costs are as follows:

		2013				2012				2011
Projected benefit obligation
Discount rate			4.7	%			4.1	%			4.7	%
Rate of compensation increase			2.9	%			2.8	%			2.8	%
Net periodic benefit cost
Discount rate			4.1	%			4.7	%			5.2	%
Rate of compensation increase			2.8	%			2.8	%			2.7	%
Expected return on plan assets			6.5	%			7.0	%			7.1	%

Termination and Long Service Arrangements [Member]

Summary of Weighted Average Significant Actuarial Assumptions Adopted in Measuring Company's Obligations and Cost

The weighted average significant actuarial assumptions adopted in measuring the Company’s projected termination and long service benefit obligations and net periodic benefit cost are as follows:

		2013				2012				2011
Discount rate			3.9	%			4.2	%			5.4	%
Rate of compensation increase			3.9	%			3.9	%			4.0	%

Schedule of Company's Defined Benefit Pension Plan

Information about the Company’s termination and long service arrangements is as follows:

		2013				2012				2011
Projected benefit obligation
Beginning of year		$	314			$	252			$	235
Current service cost			24				16				15
Interest cost			13				13				10
Actuarial losses and changes in actuarial assumptions			12				41				14
Benefits paid			(21	)			(13	)			(12	)
Acquisition			0				2				0
Curtailment			0				(4	)			0
Foreign exchange			12				7				(10	)
Ending funded status		$	354			$	314			$	252
Amounts recorded in the consolidated balance sheet
Current liability		$	11			$	10			$	8
Non-current liability			343				304				244
Net amount		$	354			$	314			$	252
Amounts recorded in accumulated other comprehensive income
Unrecognized actuarial losses		$	(82	)		$	(74	)		$	(45	)
Net periodic benefit cost
Current service cost		$	24			$	16			$	15
Interest cost			13				13				10
Actuarial losses			4				12				6
Net periodic benefit cost		$	41			$	41			$	31

Retirement Medical Benefits Plans [Member]

Summary of Weighted Average Significant Actuarial Assumptions Adopted in Measuring Company's Obligations and Cost

The weighted average discount rates used in measuring the Company’s projected retirement medical benefit obligations and net periodic benefit cost are as follows:

		2013				2012				2011
Retirement medical benefit obligations			4.5	%			3.6	%			4.2	%
Net periodic benefit cost			3.6	%			4.2	%			5.4	%
Health care cost inflation			7.7	%			8.0	%			9.2	%

Schedule of Company's Defined Benefit Pension Plan

Information about the Company’s retirement medical benefits plans are as follows:

		2013				2012				2011
Projected benefit obligation
Beginning of year		$	41			$	39			$	36
Interest cost			2				2				2
Actuarial (gains) losses and changes in actuarial assumptions			(4	)			3				4
Benefits paid			(2	)			(3	)			(3	)
Foreign exchange			(1	)			0				0
Ending funded status		$	36			$	41			$	39
Amounts recorded in the consolidated balance sheet
Current liability		$	2			$	2			$	2
Non-current liability			34				39				37
Net amount		$	36			$	41			$	39
Amounts recorded in accumulated other comprehensive income
Unrecognized past service costs		$	2			$	3			$	3
Unrecognized actuarial gains			10				8				12
Total accumulated other comprehensive income		$	12			$	11			$	15
Net periodic benefit cost
Interest cost		$	2			$	2			$	2
Actuarial gains			(2	)			(1	)			(1	)
Past service cost amortization			(1	)			0				(1	)
Net periodic benefit cost		$	(1	)		$	1			$	0

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Long-term employee benefit liabilities.

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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.

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-Publisher FASB

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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.

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Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

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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.

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