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Long-Term Employee Benefit Liabilities (Tables)

12 Months Ended

Dec. 31, 2014

Long-Term Employee Benefit Liabilities

Long-term employee benefit liabilities consist of:

		2014				2013				2012
Defined benefit pension plans and other [a]		$	203			$	149			$	212
Termination and long service arrangements [b]			330				343				304
Retirement medical benefits plans [c]			39				34				39
Other long-term employee benefits			8				6				5
Long-term employee benefit obligations		$	580			$	532			$	560

Schedule of Company's Defined Benefit Pension Plans

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

		2014				2013				2012
Projected benefit obligation
Beginning of year		$	454			$	502			$	388
Current service cost			13				13				11
Interest cost			20				19				18
Actuarial losses (gains) and changes in actuarial assumptions			93				(56	)			50
Benefits paid			(16	)			(18	)			(18	)
Acquisition			—				—				47
Foreign exchange			(24	)			(6	)			6
End of year			540				454				502
Plan assets at fair value [i]
Beginning of year			328				288				259
Return on plan assets			25				38				26
Employer contributions			24				30				19
Benefits paid			(16	)			(18	)			(19	)
Foreign exchange			(14	)			(10	)			3
End of year			347				328				288
Ending funded status		$	193			$	126			$	214
Amounts recorded in the consolidated balance sheet
Non-current asset [note 12]		$	(13	)		$	(26	)		$	—
Current liability			3				3				2
Non-current liability			203				149				212
Net amount		$	193			$	126			$	214
Amounts recorded in accumulated other comprehensive income
Unrecognized actuarial losses		$	(147	)		$	(61	)		$	(141	)
Net periodic benefit cost
Current service cost		$	13			$	13			$	11
Interest cost			20				19				18
Return on plan assets			(19	)			(19	)			(19	)
Actuarial losses			1				5				3
Net periodic benefit cost		$	15			$	18			$	13

[i] The asset allocation of the Company’s defined benefit pension plans at December 31, 2014 and 2013, and the target allocation for 2015 is as follows:

		2015				2014				2013
Equity securities			55-75	%			58	%			58	%
Fixed income securities			25-45	%			41	%			41	%
Cash and cash equivalents			0-15	%			1	%			1	%
			100	%			100	%			100	%

Future Benefit Payments

[d] Future benefit payments

		Defined benefit pension plans				Termination and long service arrangements				Retirement medical benefits plans				Total
Expected employer contributions—2015		$	20			$	9			$	2			$	31
Expected benefit payments:
2015		$	16			$	9			$	2			$	27
2016			17				9				2				28
2017			17				10				2				29
2018			18				11				3				32
2019			19				14				2				35
Thereafter			113				96				12				221
		$	200			$	149			$	23			$	372

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:

		2014				2013				2012
Projected benefit obligation
Discount rate			3.7	%			4.7	%			4.1	%
Rate of compensation increase			2.7	%			2.9	%			2.8	%
Net periodic benefit cost
Discount rate			4.7	%			4.1	%			4.7	%
Rate of compensation increase			2.8	%			2.8	%			2.8	%
Expected return on plan assets			6.0	%			6.5	%			7.0	%

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:

		2014				2013				2012
Discount rate			3.0	%			3.9	%			4.2	%
Rate of compensation increase			2.7	%			3.9	%			3.9	%

Schedule of Company's Defined Benefit Pension Plans

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

		2014				2013				2012
Projected benefit obligation
Beginning of year		$	354			$	314			$	252
Current service cost			20				24				16
Interest cost			12				13				13
Actuarial losses and changes in actuarial assumptions			15				12				41
Benefits paid			(18	)			(21	)			(13	)
Acquisition			—				—				2
Curtailment			—				—				(4	)
Foreign exchange			(43	)			12				7
Ending funded status		$	340			$	354			$	314
Amounts recorded in the consolidated balance sheet
Current liability		$	10			$	11			$	10
Non-current liability			330				343				304
Net amount		$	340			$	354			$	314
Amounts recorded in accumulated other comprehensive income
Unrecognized actuarial losses		$	(81	)		$	(82	)		$	(74	)
Net periodic benefit cost
Current service cost		$	20			$	24			$	16
Interest cost			12				13				13
Actuarial losses			16				4				12
Net periodic benefit cost		$	48			$	41			$	41

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:

		2014				2013				2012
Retirement medical benefit obligations			3.7	%			4.5	%			3.6	%
Net periodic benefit cost			4.5	%			3.6	%			4.2	%
Health care cost inflation			7.0	%			7.7	%			8.0	%

Schedule of Company's Defined Benefit Pension Plans

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

		2014				2013				2012
Projected benefit obligation
Beginning of year		$	36			$	41			$	39
Interest cost			2				2				2
Actuarial losses (gains) and changes in actuarial assumptions			5				(4	)			3
Benefits paid			(2	)			(2	)			(3	)
Foreign exchange			—				(1	)			—
Ending funded status		$	41			$	36			$	41
Amounts recorded in the consolidated balance sheet
Current liability		$	2			$	2			$	2
Non-current liability			39				34				39
Net amount		$	41			$	36			$	41
Amounts recorded in accumulated other comprehensive income
Unrecognized past service costs		$	2			$	2			$	3
Unrecognized actuarial gains			4				10				8
Total accumulated other comprehensive income		$	6			$	12			$	11
Net periodic benefit cost
Interest cost		$	2			$	2			$	2
Actuarial gains			(1	)			(2	)			(1	)
Past service cost amortization			(1	)			(1	)			—
Net periodic benefit cost		$	—			$	(1	)		$	1

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Long-term employee benefit liabilities.

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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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