Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Pension and Postemployment Benefit Costs

Pension and postemployment benefit costs for the years ended December 31 were as follows:



	2016						2015					2014
In millions	Pension			Postemployment			Pension			Postemployment		Pension			Postemployment
Service cost	$	8		$	6		$	8		$	6	$	9		$	4
Interest cost	3			1			3			1		4			1
Expected return on plan assets	(2		)	—			(2		)	—		(2		)	—
Settlement charge	1			—			1			—		1			—
Amortization of actuarial loss (gain)	1			1			2			—		2			(1		)
Amortization of prior service cost (credit)	—			2			—			—		(1		)	—
Divestiture	(2		)	(1		)	—			—		—			—
Total costs	$	9		$	9		$	12		$	7	$	13		$	4

Accumulated Pension Benefit Obligation

The following tables present the changes in benefit obligations, plan assets, funded status and the reconciliation of the funded status to amounts recognized in the consolidated balance sheets and in accumulated other comprehensive income at December 31:



	Pension						Postemployment
In millions	2016			2015			2016			2015
Change in benefit obligation
Benefit obligation at January 1	$	115		$	130		$	49		$	39
Service cost	8			8			6			6
Interest cost	3			3			1			1
Plan participant contributions	1			1			—			—
Actuarial loss (gain)	5			(9		)	12			20
Benefits paid	(8		)	(9		)	(20		)	(15		)
Currency translation adjustments	(2		)	(9		)	(1		)	(2		)
Divestiture	(2		)	—			(5		)	—
Benefit obligation at December 31	$	120		$	115		$	42		$	49
Change in plan assets
Fair value of plan assets at January 1	$	63		$	67		$	—		$	—
Actual return on plan assets	2			1			—			—
Company contributions	6			5			—			—
Benefits paid	(8		)	(9		)	—			—
Currency translation adjustments	—			(2		)	—			—
Plan participant contribution	1			1			—			—
Fair value of plan assets at December 31	64			63			—			—
Funded status (underfunded)	$	(56	)	$	(52	)	$	(42	)	$	(49	)
Amounts Recognized in the Balance Sheet
Non-current assets	$	5		$	5		$	—		$	—
Current liabilities	(1		)	(1		)	(6		)	(16		)
Non-current liabilities	(60		)	(56		)	(36		)	(33		)
Net amounts recognized	$	(56	)	$	(52	)	$	(42	)	$	(49	)
Amounts Recognized in Accumulated Other Comprehensive Income
Unrecognized Net actuarial loss	$	21		$	19		$	26		$	23
Unrecognized Prior service (credit) cost	(1		)	(1		)	4			2
Total	$	20		$	18		$	30		$	25

The following table presents the accumulated pension benefit obligation at December 31:



In millions	2016		2015
Accumulated pension benefit obligation	$	110	$	106

The following table presents pension plans with accumulated benefit obligations in excess of plan assets at December 31:



In millions	2016		2015
Projected benefit obligation	$	60	$	58
Accumulated benefit obligation	$	53	$	50
Fair value of plan assets	$	—	$	—

Pre-Tax Net Changes in Projected Benefit Obligations Recognized in Other Comprehensive Income

The following table presents the pre-tax net changes in projected benefit obligations recognized in other comprehensive income:



	Pension						Postemployment
In millions	2016			2015			2016			2015
Actuarial loss (gain) arising during the year	$	5		$	(9	)	$	4		$	18
Amortization of loss included in net periodic benefit cost	(1		)	(2		)	(1		)	—
Prior service cost arising during the year	—			—			2			—
Recognition of loss due to settlement	(1		)	(1		)	—			—
Foreign currency exchange	(1		)	—			—			—
Total recognized in other comprehensive income (loss)	$	2		$	(12	)	$	5		$	18

Amounts in Accumulated Other Comprehensive Income Expected to be Recognized as Components of Net Periodic Benefit Cost

The following table presents the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost during 2017:



In millions	Pension		Postemployment
Net loss to be recognized in other comprehensive income	$	3	$	(1	)

Weighted-Average Rates and Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit

The weighted-average rates and assumptions used to determine benefit obligations at December 31, and net periodic benefit cost for the years ended December 31, were as follows:



	Pension Benefit Obligations		Pension Benefit Cost
	2016	2015	2016	2015	2014
Discount rate	2.0%	2.4%	2.4%	2.3%	3.0%
Rate of compensation increase	3.3%	3.2%	3.2%	3.3%	3.2%
Expected return on plan assets	N/A	N/A	3.0%	3.3%	3.4%
	Postemployment Benefit Obligations		Postemployment Benefit Cost
	2016	2015	2016	2015	2014
Discount rate	3.4%	3.6%	3.4%	3.5%	3.8%
Rate of compensation increase	3.0%	3.0%	3.0%	3.0%	3.7%
Involuntary turnover rate	2.0%	1.8%	2.0%	1.3%	1.0%

Weighted-Average Asset Allocations, by Category

The weighted-average asset allocations at December 31, by asset category are as follows:



	Actual Asset Allocation As of December 31		Target Asset
	2016	2015	Allocation
Equity securities	32%	31%	31%
Debt securities	42%	43%	46%
Insurance (annuity) contracts	17%	16%	17%
Real estate	7%	6%	3%
Other	2%	4%	3%
Total	100%	100%	100%

Pension Plan Assets at Fair Value

The following table sets forth by level, within the fair value hierarchy, the pension plan assets at fair value as of December 31, 2016:



			Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
In millions	December 31, 2016		(Level 1)		(Level 2)		(Level 3)
Money market funds	$	1	$	—	$	1	$	—
Equity funds	21		—		21		—
Bond/fixed-income funds	27		—		27		—
Real-estate indirect investments	4		—		4		—
Insurance contracts	11		—		—		11
Total Assets at fair value	$	64	$	—	$	53	$	11

The following table sets forth by level, within the fair value hierarchy, the pension plan assets at fair value as of December 31, 2015:



			Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
In millions	December 31, 2015		(Level 1)		(Level 2)		(Level 3)
Money market funds	$	3	$	—	$	3	$	—
Equity funds	19		—		19		—
Bond/fixed-income funds	27		—		27		—
Real-estate indirect investments	4		—		4		—
Insurance contracts	10		—		—		10
Total assets at fair value	$	63	$	—	$	53	$	10

Changes in Fair Value of the Pension Plan Level 3 Assets

The table below sets forth a summary of changes in the fair value of the pension plan level 3 assets for the year ended December 31, 2015:



In millions	Insurance Contracts
Balance as of January 1, 2015	$	11
Purchases, sales and settlements, net	(1		)
December 31, 2015	$	10

The table below sets forth a summary of changes in the fair value of the pension plan level 3 assets for the year ended December 31, 2016:



In millions	Insurance Contracts
Balance as of January 1, 2016	$	10
Purchases, sales and settlements, net	1
Balance as of December 31, 2016	$	11

Estimated Future Benefit Payments

The Company expects to make the following benefit payments reflecting past and future service from its pension and postemployment plans:



	Pension		Postemployment
In millions	Benefits		Benefits
Year
2017	$	5	$	6
2018	$	5	$	6
2019	$	4	$	6
2020	$	4	$	6
2021	$	5	$	6
2022-2026	$	29	$	27

U.S and International Subsidiary Savings Plans

The following table identifies the expense for the U.S. and International subsidiary savings plans for the years ended December 31:



In millions	2016		2015		2014
U.S. savings plan	$	19	$	22	$	23
International subsidiary savings plans	$	16	$	18	$	17