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Pensions, Other Post-employment Benefits and Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Costs
Components of net periodic benefit cost (credit) for the years ended December 31, 2014, 2013 and 2012 are as follows:
 
Pension Benefits
 
Other Post-Employment Benefits
 
Year Ended December 31,
 
Year Ended December 31,
 
2014
 
2013
 
2012
 
2014
 
2013
 
2012
 
(in millions)
Service cost
$
16

 
$
16

 
$
30

 
$

 
$

 
$
1

Interest cost
76

 
69

 
77

 
15

 
11

 
14

Expected return on plan assets
(74
)
 
(70
)
 
(62
)
 

 

 

Amortization of actuarial losses
10

 
27

 
39

 
3

 
6

 
2

Amortization of prior service credit

 

 
1

 
(5
)
 
(9
)
 
(14
)
Settlement loss (gain)
(2
)
 
1

 
(1
)
 

 

 

Curtailment gain

 

 
(1
)
 

 
(40
)
 
(51
)
 
$
26

 
$
43

 
$
83

 
$
13

 
$
(32
)

$
(48
)
Automotive Segment [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
The following provides disclosures for our Automotive segment's benefit obligations, plan assets, funded status, recognition in the consolidated balance sheets and inputs and valuation assumptions:
 
Pension Benefits
 
Other
Post-Employment Benefits
 
United States Plans
 
Non-U.S. Plans
 
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
(in millions)
Change in benefit obligation:
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation, beginning of year
$
1,184

 
$
1,298

 
$
450

 
$
474

 
$
335

 
$
395

Service cost
3

 
4

 
12

 
12

 

 

Interest cost
52

 
47

 
16

 
14

 
15

 
11

Employee contributions

 

 

 

 

 
1

Benefits paid
(96
)
 
(64
)
 
(28
)
 
(28
)
 
(26
)
 
(28
)
Medicare subsidies received

 

 

 

 
1

 
3

Plan amendments

 

 

 

 
8

 

Curtailments

 

 
(1
)
 
(1
)
 

 
(1
)
Settlements
(3
)
 

 

 

 

 

Actuarial losses (gains) and changes in actuarial assumptions
151

 
(101
)
 
112

 
(25
)
 
36

 
(43
)
Net transfers in (out)

 

 
73

 
(11
)
 

 
(1
)
Currency translation

 

 
(59
)
 
15

 
(1
)
 
(2
)
Benefit obligation, end of year
1,291

 
1,184

 
575

 
450

 
368

 
335

 
 
 
 
 
 
 
 
 
 
 
 
Change in plan assets:
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets, beginning of year
909

 
778

 
55

 
55

 

 

Actual return on plan assets
43

 
138

 
3

 
2

 

 

Employee contributions

 

 

 

 

 
1

Company contributions
56

 
60

 
30

 
24

 
25

 
24

Benefits paid
(96
)
 
(64
)
 
(28
)
 
(28
)
 
(26
)
 
(28
)
Expenses

 
(3
)
 

 

 

 

Medicare subsidies received

 

 

 

 
1

 
3

Currency translation

 

 
(6
)
 
2

 

 

Fair value of plan assets, end of year
912

 
909

 
54

 
55

 

 

Funded status of the plan
$
(379
)
 
$
(275
)
 
$
(521
)
 
$
(395
)
 
$
(368
)
 
$
(335
)
 
 
 
 
 
 
 
 
 
 
 
 
Amounts recognized in the consolidated balance sheets:
 
 
 
 
 
 
 
 
 
 
 
Net liability recognized
$
(379
)
 
$
(275
)
 
$
(521
)
 
$
(395
)
 
$
(368
)
 
$
(335
)
 
 
 
 
 
 
 
 
 
 
 
 
Amounts recognized in accumulated other comprehensive loss, inclusive of tax impacts:
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss
$
409

 
$
242

 
$
151

 
$
81

 
$
95

 
$
63

Prior service cost (credit)

 

 
2

 
3

 
(14
)
 
(28
)
Total
$
409

 
$
242

 
$
153

 
$
84

 
$
81

 
$
35

Schedule of Assumptions Used [Table Text Block]
Weighted-average assumptions used to determine the benefit obligation as of December 31, 2014 and 2013:
 
Pension Benefits
 
Other
Post-Employment Benefits
 
United States Plans
 
Non-U.S. Plans
 
 
December 31,
 
December 31,
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
(in millions)
Discount rate
3.85
%
 
4.55
%
 
1.77
%
 
3.49
%
 
3.84
%
 
4.45
%
Rate of compensation increase
%
 
%
 
3.16
%
 
3.17
%
 
%
 
%

Weighted-average assumptions used to determine net periodic benefit cost (credit) for the years ended December 31, 2014 and 2013:
 
Pension Benefits
 
Other
Post-Employment Benefits
 
United States Plans
 
Non-U.S. Plans
 
 
Year Ended December 31,
 
Year Ended
December 31,
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
(in millions)
Discount rate
4.55
%
 
3.70
%
 
3.49
%
 
2.99
%
 
4.45
%
 
3.60
%
Expected return on plan assets
6.95
%
 
7.45
%
 
4.18
%
 
4.62
%
 
%
 
N/A

Rate of compensation increase
%
 
%
 
3.17
%
 
3.13
%
 
%
 
N/A

Schedule of projected benefit obligation in excess of plan assets [Table Text Block]
Information for defined benefit plans with projected benefit obligations in excess of plan assets:
 
Pension Benefits
 
Other
Post-Employment Benefits
 
United States Plans
 
Non-U.S. Plans
 
 
December 31,
 
December 31,
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
(in millions)
Projected benefit obligation
$
1,291

 
$
1,184

 
$
574

 
$
448

 
$
368

 
$
335

Fair value of plan assets
912

 
909

 
53

 
52

 

 

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
Information for pension plans with accumulated benefit obligations in excess of plan assets:
 
Pension Benefits
 
United States Plans
 
Non-U.S. Plans
 
December 31,
 
2014
 
2013
 
2014
 
2013
 
(in millions)
Projected benefit obligation
$
1,291

 
$
1,184

 
$
555

 
$
444

Accumulated benefit obligation
1,291

 
1,184

 
514

 
409

Fair value of plan assets
912

 
909

 
42

 
49

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
Amounts in accumulated other comprehensive loss expected to be recognized as components of net periodic benefit cost in 2015:
 
Pension Benefits
 
Other Post-Employment Benefits
 
United States
 
Non-U.S.
 
 
(in millions)
Amortization of actuarial losses
$
10

 
$
12

 
$
5

Amortization of prior service credit

 

 
(4
)
 
$
10

 
$
12

 
$
1

Schedule of Health Care Cost Trend Rates [Table Text Block]
The assumed health care and drug cost trend rates used to measure next year's post-employment healthcare benefits are as follows:
 
Other Post-Employment Benefits
 
2014
 
2013
Health care cost trend rate
7.25%
 
6.88%
Ultimate health care cost trend rate
5.00%
 
5.00%
Year ultimate health care cost trend rate reached
2022
 
2018
 
 
 
 
Drug cost trend rate
7.25%
 
7.81%
Ultimate drug cost trend rate
5.00%
 
5.00%
Year ultimate drug cost trend rate reached
2022
 
2018
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
The assumed health care cost trend rate has a significant impact on the amounts reported for OPEB plans. The following table illustrates the sensitivity to a change in the assumed health care cost trend rate:
 
Total Service and
Interest Cost
 
APBO
 
(in millions)
100 basis point (“bp”) increase in health care cost trend rate
$
1

 
$
32

100 bp decrease in health care cost trend rate
(1
)
 
(28
)
Schedule of change in assumptions for benefit obligation [Table Text Block]
The following table illustrates the sensitivity to a change in certain assumptions for projected benefit obligations (“PBO”), associated expense and other comprehensive loss (“OCL”). The changes in these assumptions have no impact on Federal-Mogul's 2015 funding requirements.
 
Pension Benefits
 
Other Post-Employment Benefits
 
United States Plans
 
Non-U.S. Plans
 
 
Change in 2015 expense
 

Change
in
PBO
 
Change
in
accumulated
OCL
 
Change in 2015 expense
 

Change
in
PBO
 
Change
 in accumulated
OCL
 
Change in 2015 expense
 

Change
 in
PBO
 
(in millions)
25 bp decrease in discount rate
$
(1
)
 
$
36

 
$
(36
)
 
$
1

 
$
20

 
$
(20
)
 

 
$
9

25 bp increase in discount rate

 
(34
)
 
34

 
(1
)
 
(20
)
 
20

 

 
(9
)
25 bp decrease in return on assets rate
2

 

 

 

 

 

 

 

25 bp increase in return on assets rate
(2
)
 

 

 

 

 

 

 

Schedule of Expected Benefit Payments [Table Text Block]
Federal-Mogul's projected benefit payments from the plans are estimated as follows:
 
 
Pension Benefits
 
Other Post-Employment Benefits
Years
 
United States Plans
 
Non-U.S. Plans
 
 
 
(in millions)
2015
 
$
94

 
$
26

 
$
27

2016
 
84

 
25

 
26

2017
 
83

 
25

 
27

2018
 
81

 
26

 
26

2019
 
82

 
27

 
26

2020-2023
 
392

 
139

 
121

Railcar and Food Packaging [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
The following provides disclosures for ARI's and Viskase's benefit obligations, plan assets, funded status, and recognition in the consolidated balance sheets. As pension costs for ARI and Viskase are not material to our consolidated financial position and results of operations, we do not provide information regarding their inputs and valuation assumptions.
 
Pension Benefits
 
Other
Post-Employment Benefits
 
2014
 
2013
 
2014
 
2013
 
(in millions)
Change in benefit obligation:
 
 
 
 
 
 
 
Benefit obligation, beginning of year
$
176

 
$
198

 
$

 
$

Service cost
1

 
1

 

 

Interest cost
8

 
8

 

 

Benefits paid
(10
)
 
(10
)
 

 

Actuarial gain (loss)
29

 
(21
)
 

 

Currency translation
(1
)
 

 

 

Benefit obligation, end of year
203

 
176

 

 

Change in plan assets:
 
 
 
 
 
 
 
Fair value of plan assets, beginning of year
140

 
125

 

 

Actual return on plan assets
9

 
20

 

 

Company contributions
6

 
5

 

 

Currency translation
(1
)
 

 

 

Benefits paid
(10
)
 
(10
)
 

 

Fair value of plan assets, end of year
144

 
140

 

 

Funded status of the plan
$
(59
)
 
$
(36
)
 
$

 
$

Amounts recognized in the consolidated balance sheets:
 
 
 
 
 
 
 
Net liability recognized
$
(59
)
 
$
(36
)
 
$

 
$

Amounts recognized in accumulated other comprehensive loss, inclusive of tax impacts:
 
 
 
 
 
 
 
Net actuarial (loss) gain
$
(59
)
 
$
(28
)
 
$
1

 
$
1

Total
$
(59
)
 
$
(28
)
 
$
1

 
$
1