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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2013
Compensation And Retirement Disclosure [Abstract]  
Change in Benefit Obligation, Plan Assets and Funded Status of Defined Benefit Pension Plans

The change in benefit obligation, plan assets and the funded status of the defined benefit pension plans in the United States, United Kingdom, Norway, Germany and the Netherlands and defined postretirement plans in the United States, using a measurement date of December 31, 2013 and December 31, 2012, is as follows (in millions):

 


      Pension benefits     Postretirement benefits  

At year end

    2013     2012         2013             2012      

Benefit obligation at beginning of year

    $ 655      $ 556      $ 30      $ 35   

Service cost

      7        6        1        —     

Interest cost

      31        27        2        1   

Actuarial loss (gain)

      (10 )      76        (12 )      (2 ) 

Benefits paid

      (38 )      (26 )      (4 )      (4 ) 

Participants contributions

      —          1        —          —     

Exchange rate loss (gain)

      7        12        —          —     

Acquisitions

      194        11        28        —     

Curtailments

      —          (8 )      —          —     
  

 

 

    

 

 

    

 

 

    

 

 

  

Benefit obligation at end of year

    $ 846      $ 655      $ 45      $ 30   
  

 

 

    

 

 

    

 

 

    

 

 

  

Fair value of plan assets at beginning of year

    $ 517      $ 419      $ —        $ —     

Actual return

      72        49        —          —     

Benefits paid

      (38 )      (26 )      (4 )      (4 ) 

Company contributions

      28        53        4        4   

Participants contributions

      —          1        —          —     

Exchange rate gain (loss)

      4        12        —          —     

Acquisitions

      123        9        —          —     
  

 

 

    

 

 

    

 

 

    

 

 

  

Fair value of plan assets at end of year

    $ 706      $ 517      $ —        $ —     
  

 

 

    

 

 

    

 

 

    

 

 

  

Funded status

    $ (140 )    $ (138 )    $ (45 )    $ (30 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Accumulated benefit obligation at end of year

    $ 811      $ 635       
  

 

 

    

 

 

    
Assumption Rates Used for Benefit Obligations

The assumption rates used for benefit obligations are as follows:

 

     Years Ended December 31,
     2013   2012

Discount rate:

     

United States plan

    4.65%   3.78%

International plans

    3.50%-4.40%   3.30%-4.40%

Salary increase:

     

United States plan

    N/A   N/A

International plans

    2.00%-4.40%   2.00%-3.87%
Assumption Rates Used for Net Periodic Benefit Costs

The assumption rates used for net periodic benefit costs are as follows:

 

     Years Ended December 31,
     2013   2012   2011

Discount rate:

       

United States plan

    3.80%   4.58%   4.95%

International plans

    3.46%-4.40%   4.50%-5.60%   5.25%-5.65%

Salary increase:

       

United States plan

    N/A   N/A   N/A

International plans

    2.00%-3.53%   2.00%-4.00%   2.00%-4.33%

Expected return on assets:

       

United States plan

    6.30%   6.33%   5.50%-6.50%

International plans

    3.50%-5.82%   4.50%-6.51%   4.50%-7.06%
Plan's Assets Carried at Fair Value

The following table sets forth by level, within the fair value hierarchy, the Plan’s assets carried at fair value (in millions):

 

     Fair Value Measurements  
     Total      Level 1      Level 2      Level 3  

December 31, 2012:

            

Equity securities

    $ 204       $ —         $ 204       $ —     

Bonds

      139         —           139         —     

Other (insurance contracts)

      174         —           74         100   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Fair Value Measurements

    $ 517       $ —         $ 417       $ 100   
  

 

 

     

 

 

     

 

 

     

 

 

  

December 31, 2013:

            

Equity securities

    $ 296       $ —         $ 296       $ —     

Bonds

      172         —           172         —     

Other (insurance contracts)

      238         —           131         107   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Fair Value Measurements

    $ 706       $ —         $ 599       $ 107   
  

 

 

     

 

 

     

 

 

     

 

 

  
Summary of Changes in Fair Value of Plan's Level Three Assets

The following table sets forth a summary of changes in the fair value of the Plan’s Level 3 assets (in millions):

 

     Level 3
Plan
Assets		  

Balance at December 31, 2011

    $ 77