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EMPLOYEE BENEFIT PLANS (Tables) | 12 Months Ended
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Dec. 31, 2010
EMPLOYEE BENEFIT PLANS [Abstract] |
Weighted-Average and Target Asset Allocations | The Company's weighted-average asset allocations at December 31, 2010 and 2009, and 2010 year-end target allocation, by asset category, were as follows:
|  | Target |  |  | 2010 |  |  | 2009 |
Domestic equity securities |  |  | 60 | % |  |  | 62 | % |  |  | 61 | %
International equity securities |  |  | 10 | % |  |  | 11 | % |  |  | 11 | %
Debt securities |  |  | 15 | % |  |  | 16 | % |  |  | 15 | %
Real estate |  |  | 15 | % |  |  | 4 | % |  |  | 8 | %
Other and cash |  |  | -- |  |  |  | 7 | % |  |  | 5 | %
Total |  |  | 100 | % |  |  | 100 | % |  |  | 100 | %
Fair Value of Pension Plan Assets | The fair values of the Company's pension plan assets at December 31, 2010 and 2009, by asset category, are as follows (in millions):
|  | Fair Value Measurements as of |
|  | December 31, 2010 |
|  | Total |  |  | Quoted Prices in Active Markets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Asset Category |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 17 |  |  | $ | 17 |  |  | $ | -- |  |  | $ | -- |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. large-cap |  |  | 136 |  |  |  | 136 |  |  |  | -- |  |  |  | -- |
U.S. mid- and small-cap |  |  | 40 |  |  |  | 40 |  |  |  | -- |  |  |  | -- |
International large-cap |  |  | 31 |  |  |  | 31 |  |  |  | -- |  |  |  | -- |
Fixed income securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasuries |  |  | 1 |  |  |  | -- |  |  |  | 1 |  |  |  | -- |
Investment grade U.S. corporate bonds |  |  | 3 |  |  |  | -- |  |  |  | 3 |  |  |  | -- |
High-yield U.S. corporate bonds |  |  | 8 |  |  |  | -- |  |  |  | 8 |  |  |  | -- |
Mortgage-backed securities |  |  | 33 |  |  |  | -- |  |  |  | 33 |  |  |  | -- |
Other types of investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate partnerships interests |  |  | 13 |  |  |  | -- |  |  |  | -- |  |  |  | 13 |
Private equity partnership interests (a) |  |  | 2 |  |  |  | -- |  |  |  | -- |  |  |  | 2 |
Insurance contracts |  |  | 1 |  |  |  | -- |  |  |  | -- |  |  |  | 1 |
Total |  | $ | 285 |  |  | $ | 224 |  |  | $ | 45 |  |  | $ | 16 |
|  | Fair Value Measurements as of |
|  | December 31, 2009 |
|  | Total |  |  | Quoted Prices in Active Markets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Asset Category |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 7 |  |  | $ | 7 |  |  | $ | -- |  |  | $ | -- |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. large-cap |  |  | 121 |  |  |  | 121 |  |  |  | -- |  |  |  | -- |
U.S. mid- and small-cap |  |  | 36 |  |  |  | 36 |  |  |  | -- |  |  |  | -- |
International large-cap |  |  | 30 |  |  |  | 30 |  |  |  | -- |  |  |  | -- |
Fixed income securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasuries |  |  | 1 |  |  |  | -- |  |  |  | 1 |  |  |  | -- |
Investment grade U.S. corporate bonds |  |  | 2 |  |  |  | -- |  |  |  | 2 |  |  |  | -- |
High-yield U.S. corporate bonds |  |  | 8 |  |  |  | -- |  |  |  | 8 |  |  |  | -- |
Mortgage-backed securities |  |  | 28 |  |  |  | -- |  |  |  | 28 |  |  |  | -- |
Other types of investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate partnerships interests |  |  | 23 |  |  |  | -- |  |  |  | -- |  |  |  | 23 |
Private equity partnership interests (a) |  |  | 3 |  |  |  | -- |  |  |  | -- |  |  |  | 3 |
Insurance contracts |  |  | 1 |  |  |  | -- |  |  |  | -- |  |  |  | 1 |
Total |  | $ | 260 |  |  | $ | 194 |  |  | $ | 39 |  |  | $ | 27 |
| (a) | This category represents private equity funds that invest principally in U.S. technology companies.
Reconciliations of Pension Plan Investments Measured at Fair Value on Recurring Basis | The table below presents a reconciliation of all pension plan investments measured at fair value on a recurring basis using significant unobservable inputs (level 3) for the years ended December 31, 2010 and 2009 (in millions):
|  | Fair Value Measurements Using Significant |
|  | Unobservable Inputs (Level 3) |
|  | Real Estate |  |  | Private Equity |  |  | Insurance |  |  | Total |
Beginning balance, January 1, 2009 |  | $ | 38 |  |  | $ | 4 |  |  | $ | 1 |  |  | $ | 43 |
Actual return on plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets held at the reporting date |  |  | (13 | ) |  |  | (1 | ) |  |  | -- |  |  |  | (14 | )
Assets sold during the period |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | -- |
Purchases, sales and settlements |  |  | (2 | ) |  |  | -- |  |  |  | -- |  |  |  | (2 | )
Ending balance, December 31, 2009 |  |  | 23 |  |  |  | 3 |  |  |  | 1 |  |  |  | 27 |
Actual return on plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets held at the reporting date |  |  | 3 |  |  |  | -- |  |  |  | -- |  |  |  | 3 |
Assets sold during the period |  |  | (1 | ) |  |  | -- |  |  |  | -- |  |  |  | (1 | )
Purchases, sales and settlements |  |  | (12 | ) |  |  | (1 | ) |  |  | -- |  |  |  | (13 | )
Ending balance, December 31, 2010 |  | $ | 13 |  |  | $ | 2 |  |  |  | 1 |  |  | $ | 16 |
Benefit Obligation, Plan Assets, and Funded Status | The status of the funded defined benefit pension plan and the unfunded accumulated post-retirement benefit plans at December 31, 2010 and 2009 are shown below (in millions):
|  | Pension Benefits |  |  | Other Post-retirement Benefits |
|  | 2010 |  |  | 2009 |  |  | 2010 |  |  | 2009 |
Change in Benefit Obligation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 322 |  |  | $ | 314 |  |  | $ | 54 |  |  | $ | 52 |
Service cost |  |  | 8 |  |  |  | 8 |  |  |  | 1 |  |  |  | 1 |
Interest cost |  |  | 19 |  |  |  | 19 |  |  |  | 3 |  |  |  | 3 |
Plan participants' contributions |  |  | -- |  |  |  | -- |  |  |  | 3 |  |  |  | 2 |
Actuarial (gain) loss |  |  | 24 |  |  |  | (3 | ) |  |  | 10 |  |  |  | 1 |
Benefits paid |  |  | (18 | ) |  |  | (17 | ) |  |  | (6 | ) |  |  | (5 | )
Amendments |  |  | -- |  |  |  | 1 |  |  |  | -- |  |  |  | -- |
Benefit obligation at end of year |  | $ | 355 |  |  | $ | 322 |  |  | $ | 65 |  |  | $ | 54 |
Change in Plan Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  |  | 260 |  |  |  | 244 |  |  |  | -- |  |  |  | -- |
Actual return on plan assets |  |  | 37 |  |  |  | 33 |  |  |  | -- |  |  |  | -- |
Employer contributions |  |  | 6 |  |  |  | -- |  |  |  | -- |  |  |  | -- |
Benefits paid |  |  | (18 | ) |  |  | (17 | ) |  |  | -- |  |  |  | -- |
Fair value of plan assets at end of year |  | $ | 285 |  |  | $ | 260 |  |  | $ | -- |  |  | $ | -- |
Funded Status and Recognized Liability |  | $ | (70 | ) |  | $ | (62 | ) |  | $ | (65 | ) |  | $ | (54 | )
Amounts Recognized on the Consolidated Balance Sheets and in Accumulated Other Comprehensive Loss | Amounts recognized on the consolidated balance sheets and in accumulated other comprehensive loss at December 31, 2010 and 2009 were as follows (in millions):
|  | Pension Benefits |  |  | Other Post-retirement Benefits |
|  | 2010 |  |  | 2009 |  |  | 2010 |  |  | 2009 |
Non-current assets |  | $ | 3 |  |  | $ | 3 |  |  | $ | -- |  |  | $ | -- |
Current liabilities |  |  | -- |  |  |  | -- |  |  |  | (4 | ) |  |  | (3 | )
Non-current liabilities |  |  | (73 | ) |  |  | (65 | ) |  |  | (61 | ) |  |  | (51 | )
Total |  | $ | (70 | ) |  | $ | (62 | ) |  | $ | (65 | ) |  | $ | (54 | )
Net loss (net of taxes) |  | $ | 70 |  |  | $ | 70 |  |  | $ | 6 |  |  | $ | -- |
Unrecognized prior service cost (net of taxes) |  |  | 3 |  |  |  | 3 |  |  |  | -- |  |  |  | -- |
Total |  | $ | 73 |  |  | $ | 73 |  |  | $ | 6 |  |  | $ | -- |
Accumulated Benefit Obligation in Excess of Plan Assets | The information for qualified pension plans with an accumulated benefit obligation in excess of plan assets at December 31, 2010 and 2009 is shown below (in millions):
|  | 2010 |  |  | 2009 |
Projected benefit obligation |  | $ | 349 |  |  | $ | 269 |
Accumulated benefit obligation |  | $ | 319 |  |  | $ | 248 |
Fair value of plan assets |  | $ | 275 |  |  | $ | 208 |
Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Loss | Components of the net periodic benefit cost and other amounts recognized in other comprehensive loss for the defined benefit pension plans and the post-retirement health care and life insurance benefit plans during 2010, 2009, and 2008, are shown below (in millions):
|  | Pension Benefits |  |  | Other Post-retirement Benefits |
|  | 2010 |  |  | 2009 |  |  | 2008 |  |  | 2010 |  |  | 2009 |  |  | 2008 |
Components of Net Periodic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Benefit Cost/(Income) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | 8 |  |  | $ | 8 |  |  | $ | 8 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |
Interest cost |  |  | 19 |  |  |  | 19 |  |  |  | 18 |  |  |  | 3 |  |  |  | 3 |  |  |  | 3 |
Expected return on plan assets |  |  | (21 | ) |  |  | (20 | ) |  |  | (32 | ) |  |  | -- |  |  |  | -- |  |  |  | -- |
Amortization of net (gain) loss |  |  | 8 |  |  |  | 12 |  |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | (1 | )
Amortization of prior service cost |  |  | 1 |  |  |  | 1 |  |  |  | 1 |  |  |  | -- |  |  |  | -- |  |  |  | -- |
Recognition of loss due to settlement |  |  | -- |  |  |  | -- |  |  |  | 1 |  |  |  | -- |  |  |  | -- |  |  |  | -- |
Net periodic benefit cost/(income) |  |  | 15 |  |  |  | 20 |  |  |  | (4 | ) |  |  | 4 |  |  |  | 4 |  |  |  | 3 |
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (net of tax) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss (gain) |  |  | 5 |  |  |  | (10 | ) |  |  | 90 |  |  |  | 6 |  |  |  | 1 |  |  |  | 1 |
Amortization of unrecognized (loss) gain |  |  | (5 | ) |  |  | (7 | ) |  |  | -- |  |  |  | (2 | ) |  |  | -- |  |  |  | 1 |
Prior service cost |  |  | -- |  |  |  | 1 |  |  |  | 1 |  |  |  | -- |  |  |  | -- |  |  |  | -- |
Amortization of prior service cost |  |  | (1 | ) |  |  | (1 | ) |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | -- |
Total recognized in other comprehensive income |  |  | (1 | ) |  |  | (17 | ) |  |  | 91 |  |  |  | 4 |  |  |  | 1 |  |  |  | 2 |
Total recognized in net periodic benefit cost and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
other comprehensive income |  | $ | 14 |  |  | $ | 3 |  |  | $ | 87 |  |  | $ | 8 |  |  | $ | 5 |  |  | $ | 5 |
Weighted Average Assumptions Used to Determine Benefit Information | The weighted average assumptions used to determine benefit information during 2010, 2009, and 2008, were as follows:
| Pension Benefits |  |  | Other Post-retirement Benefits |
| 2010 |  |  | 2009 |  |  | 2008 |  |  | 2010 |  |  | 2009 |  |  | 2008 |
Weighted Average Assumptions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discount rate | 5.75 | % |  |  | 6.25 | % |  |  | 6.25 | % |  |  | 5.75 | % |  |  | 6.25 | % |  |  | 6.25 | %
Expected return on plan assets | 8.25 | % |  |  | 8.50 | % |  |  | 8.50 | % |  |  |  |  |  |  |  |  |  |  |  |
Rate of compensation increase | 4.00 | % |  |  | 4.00 | % |  |  | 4.00 | % |  |  | 4.00 | % |  |  | 4.00 | % |  |  | 4.00 | %
Initial health care cost trend rate |  |  |  |  |  |  |  |  |  |  |  |  | 10.00 | % |  |  | 9.00 | % |  |  | 9.00 | %
Ultimate rate |  |  |  |  |  |  |  |  |  |  |  |  | 5.00 | % |  |  | 5.00 | % |  |  | 5.00 | %
Year ultimate rate is reached |  |  |  |  |  |  |  |  |  |  |  |  | 2016 |  |  |  | 2014 |  |  |  | 201 | 3
Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates | If the assumed health care cost trend rate were increased or decreased by one percentage point, the accumulated post-retirement benefit obligation, as of December 31, 2010, 2009, and 2008 and the net periodic post-retirement benefit cost for 2010, 2009 and 2008, would have increased or decreased as follows (in millions):
| Other Post-retirement Benefits |
| One Percentage Point |
| Increase |  | Decrease |
| 2010 |  | 2009 |  | 2008 |  | 2010 |  | 2009 |  | 2008 |
Effect on total of service and interest cost components |  | $ | 1 |  |  | $ | -- |  |  | $ | -- |  |  | $ | -- |  |  | $ | -- |  |  | $ | -- |
Effect on post-retirement benefit obligation |  | $ | 8 |  |  | $ | 5 |  |  | $ | 5 |  |  | $ | (6 | ) |  | $ | (4 | ) |  | $ | (4 | )
Estimated Future Benefit Payments For the Next Ten Years | Estimated Benefit Payments: The estimated future benefit payments for the next ten years are as follows (in millions):
| Pension | Non-qualified | Post-retirement
Year | Benefits | Plan Benefits | Benefits
2011 |  | $ | 19 |  |  | $ | 3 |  |  | $ | 4 |
2012 |  |  | 20 |  |  |  | 1 |  |  |  | 4 |
2013 |  |  | 20 |  |  |  | 2 |  |  |  | 4 |
2014 |  |  | 21 |  |  |  | 1 |  |  |  | 4 |
2015 |  |  | 21 |  |  |  | 2 |  |  |  | 5 |
2016-2020 |  |  | 122 |  |  |  | 11 |  |  |  | 24 |

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- Definition Tabular disclosure of the amounts that are recognized in the balance sheet and accumulated other comprehensive loss for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References No definition available. + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 715 -SubTopic 20 -Publisher FASB -Number -Article -Subparagraph (d)(5) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920 + Details
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