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Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2016
CMRT |
Composition of Pension Plan Assets | At December 31, 2015 and 2016, substantially all of the assets attributable to our U.S. plan were invested in the Combined Master Retirement Trust (CMRT), a collective investment trust sponsored by Contran to permit the collective investment by certain master trusts that fund certain employee benefits plans sponsored by Contran and certain of its affiliates. For 2014, 2015 and 2016, the long-term rate of return assumption for plan assets invested in the CMRT was 7.5%, based on the long-term asset mix of the assets of the CMRT and the expected long-term rates of return for such asset components as well as advice from Contran’s actuaries. The CMRT unit value is determined semi-monthly, and the plans have the ability to redeem all or any portion of their investment in the CMRT at any time based on the most recent semi-monthly valuation. However, the plans do not have the right to individual assets held by the CMRT and the CMRT has the sole discretion in determining how to meet any redemption request. For purposes of our plan asset disclosure, we consider the investment in the CMRT as a Level 2 input because (i) the CMRT value is established semi-monthly and the plans have the right to redeem their investment in the CMRT, in part or in whole, at any time based on the most recent value and (ii) observable inputs from Level 1 or Level 2 (or assets not subject to classification in the fair value hierarchy) were used to value approximately 91% and 92% of the assets of the CMRT at December 31, 2015 and 2016, respectively, as noted below. CMRT assets not subject to classification in the fair value hierarchy consist principally of certain investments measured at net asset value per share in accordance with ASC 820-10. The aggregate fair value of all of the CMRT assets, including funds of Contran and its other affiliates that also invest in the CMRT, and supplemental asset mix details of the CMRT are as follows:
| December 31,
| 2015 |  | 2016
| (In millions)
CMRT asset value | $ | 648.8 |  |  | $ | 637.8 |
CMRT assets comprised of: |  |  |  |  |  |  |
Assets not subject to fair value hierarchy |  | 30 | % |  |  | 30 | %
Assets subject to fair value hierarchy: |  |  |  |  |  |  |
Level 1 |  | 54 |  |  |  | 54 |
Level 2 |  | 7 |  |  |  | 8 |
Level 3 |  | 9 |  |  |  | 8 |
|  | 100 | % |  |  | 100 | %
CMRT asset mix: |  |  |  |  |  |  |
Domestic equities, principally publicly traded |  | 29 | % |  |  | 31 | %
International equities, principally publicly traded |  | 22 |  |  |  | 22 |
Fixed income securities, principally publicly traded |  | 38 |  |  |  | 36 |
Privately managed limited partnerships |  | 5 |  |  |  | 5 |
Hedge funds |  | 5 |  |  |  | 5 |
Other, primarily cash |  | 1 |  |  |  | 1 |
|  | 100 | % |  |  | 100 | %
Foreign Pension Plans, Defined Benefit |
Funded Status of Defined Benefit Plan | The funded status of our non-U.S. defined benefit pension plans is presented in the table below.
| December 31, |
| 2015 |  |  | 2016 |
| (In millions) |
Change in projected benefit obligations (PBO): |  |  |  |  |  |  |
Benefit obligations at beginning of the year | $ | 648.4 |  |  | $ | 569.7 |
Service cost |  | 11.2 |  |  |  | 9.9 |
Interest cost |  | 14.6 |  |  |  | 14.7 |
Participant contributions |  | 1.6 |  |  |  | 1.5 |
Actuarial losses (gains) |  | (8.7 | ) |  |  | 33.7 |
Change in currency exchange rates |  | (76.4 | ) |  |  | (15.0 | )
Benefits paid |  | (21.0 | ) |  |  | (20.4 | )
Benefit obligations at end of the year |  | 569.7 |  |  |  | 594.1 |
Change in plan assets: |  |  |  |  |  |  |
Fair value of plan assets at beginning of the year |  | 414.8 |  |  |  | 372.0 |
Actual return on plan assets |  | 10.6 |  |  |  | 10.0 |
Employer contributions |  | 17.1 |  |  |  | 15.3 |
Participant contributions |  | 1.6 |  |  |  | 1.5 |
Change in currency exchange rates |  | (51.1 | ) |  |  | (6.9 | )
Benefits paid |  | (21.0 | ) |  |  | (20.4 | )
Fair value of plan assets at end of year |  | 372.0 |  |  |  | 371.5 |
Funded status | $ | (197.7 | ) |  | $ | (222.6 | )
Amounts recognized in the balance sheet: |  |  |  |  |  |  |
Noncurrent pension asset | $ | .4 |  |  | $ | .6 |
Noncurrent accrued pension costs |  | (198.1 | ) |  |  | (223.2 | )
Total | $ | (197.7 | ) |  | $ | (222.6 | )
Accumulated other comprehensive loss: |  |  |  |  |  |  |
Actuarial losses | $ | 230.6 |  |  | $ | 257.5 |
Prior service cost |  | 1.9 |  |  |  | 1.6 |
Total | $ | 232.5 |  |  | $ | 259.1 |
Accumulated benefit obligations (ABO) | $ | 545.2 |  |  | $ | 569.5 |
Components of Net Periodic Benefit Cost (Credit) | The components of our net periodic defined benefit pension cost for our non-U.S. defined benefit pension plans are presented in the table below. The amounts shown below for the amortization of prior service cost, net transition obligations and recognized actuarial losses for 2014, 2015 and 2016 were recognized as components of our accumulated other comprehensive income (loss) at December 31, 2013, 2014 and 2015, respectively, net of deferred income taxes.
| Years ended December 31, |
| 2014 |  |  | 2015 |  |  | 2016 |
| (In millions) |
Net periodic pension cost: |  |  |  |  |  |  |  |  |  |  |
Service cost benefits | $ | 9.9 |  |  | $ | 11.2 |  |  | $ | 9.9 |
Interest cost on PBO |  | 21.7 |  |  |  | 14.6 |  |  |  | 14.7 |
Expected return on plan assets |  | (20.0 | ) |  |  | (16.6 | ) |  |  | (14.4 | )
Settlement gain |  | (.3 | ) |  |  | - |  |  |  | - |
Recognized actuarial losses |  | 10.0 |  |  |  | 13.6 |  |  |  | 11.3 |
Amortization of prior service cost |  | .5 |  |  |  | .4 |  |  |  | .2 |
Amortization of net transition obligations |  | .1 |  |  |  | - |  |  |  | - |
Total | $ | 21.9 |  |  | $ | 23.2 |  |  | $ | 21.7 |
Schedule of Defined Benefit Pension Plans Balances (for which Accumulated Benefit Obligation Exceeds Fair Value of Plan Assets) | Information concerning certain of our non-U.S. defined benefit pension plans (for which the ABO exceeds the fair value of plan assets as of the indicated date) is presented in the table below.
| December 31, |
| 2015 |  |  | 2016 |
| (In millions) |
Plans for which the ABO exceeds plan assets: |  |  |  |  |  |  |
PBO | $ | 518.1 |  |  | $ | 541.5 |
ABO |  | 498.7 |  |  |  | 521.8 |
Fair value of plan assets |  | 321.6 |  |  |  | 319.5 |
Key Actuarial Assumptions Used | The weighted-average rate assumptions used in determining the actuarial present value of benefit obligations for our non-U.S. defined benefit pension plans as of December 31, 2015 and 2016 are presented in the table below.
|  | December 31,
Rate |  | 2015 |  | 2016
Discount rate |  |  | 2.6 | % |  |  | 2.1 | %
Increase in future compensation levels |  |  | 2.9 | % |  |  | 2.6 | %
The weighted-average rate assumptions used in determining the net periodic pension cost for our non-U.S. defined benefit pension plans for 2014, 2015 and 2016 are presented in the table below.
|  | Years ended December 31,
Rate |  | 2014 |  | 2015 |  | 2016
Discount rate |  |  | 3.8 | % |  |  | 2.5 | % |  |  | 2.6 | %
Increase in future compensation levels |  |  | 2.7 | % |  |  | 2.6 | % |  |  | 2.9 | %
Long-term return on plan assets |  |  | 5.0 | % |  |  | 4.6 | % |  |  | 3.9 | %
United States Pension Plans of US Entity, Defined Benefit |
Funded Status of Defined Benefit Plan | The funded status of our U.S. defined benefit pension plan is presented in the table below.
| December 31, |
| 2015 |  |  | 2016 |
| (In millions) |
Change in PBO: |  |  |  |  |  |  |
Benefit obligations at beginning of the year | $ | 19.8 |  |  | $ | 18.6 |
Interest cost |  | .8 |  |  |  | .8 |
Actuarial gains |  | (1.0 | ) |  |  | (.6 | )
Benefits paid |  | (1.0 | ) |  |  | (1.0 | )
Benefit obligations at end of the year |  | 18.6 |  |  |  | 17.8 |
Change in plan assets: |  |  |  |  |  |  |
Fair value of plan assets at beginning of the year |  | 15.5 |  |  |  | 13.9 |
Actual return (loss) on plan assets |  | (.7 | ) |  |  | .5 |
Employer contributions |  | .1 |  |  |  | .2 |
Benefits paid |  | (1.0 | ) |  |  | (1.0 | )
Fair value of plan assets at end of year |  | 13.9 |  |  |  | 13.6 |
Funded status | $ | (4.7 | ) |  | $ | (4.2 | )
Amounts recognized in the balance sheet: |  |  |  |  |  |  |
Accrued pension costs: |  |  |  |  |  |  |
Current | $ | (.1 | ) |  | $ | (.1 | )
Noncurrent |  | (4.6 | ) |  |  | (4.1 | )
Total | $ | (4.7 | ) |  | $ | (4.2 | )
Accumulated other comprehensive loss - actuarial losses | $ | 11.6 |  |  | $ | 11.0 |
ABO | $ | 18.6 |  |  | $ | 17.8 |
Components of Net Periodic Benefit Cost (Credit) | The components of our net periodic defined benefit pension cost for our U.S. defined benefit pension plan is presented in the table below. The amounts shown below for recognized actuarial losses for 2014, 2015 and 2016 were recognized as components of our accumulated other comprehensive income (loss) at December 31, 2013, 2014 and 2015 respectively, net of deferred income taxes.
| Years ended December 31, |
| 2014 |  |  | 2015 |  |  | 2016 |
| (In millions) |
Net periodic pension cost (income): |  |  |  |  |  |  |  |  |  |  |
Interest cost on PBO | $ | .8 |  |  | $ | .8 |  |  | $ | .8 |
Expected return on plan assets |  | (1.2 | ) |  |  | (1.1 | ) |  |  | (1.0 | )
Recognized actuarial losses |  | .3 |  |  |  | .5 |  |  |  | .5 |
Total | $ | (.1 | ) |  | $ | .2 |  |  | $ | .3 |
Key Actuarial Assumptions Used | The weighted-average rate assumptions used in determining the net periodic pension cost for our U.S. defined benefit pension plan for 2014, 2015 and 2016 are presented in the table below. The impact of assumed increases in future compensation levels also does not have an effect on the periodic pension cost as the plan is frozen with regards to compensation.
|  | Years ended December 31,
Rate |  | 2014 |  | 2015 |  | 2016
Discount rate |  |  | 4.5 | % |  |  | 3.8 | % |  |  | 4.1 | %
Long-term return on plan assets |  |  | 7.5 | % |  |  | 7.5 | % |  |  | 7.5 | %
OPEB |
Benefit Payments | Postretirement benefits other than pensions (OPEB) – We provide certain health care and life insurance benefits for eligible Canadian and U.S. retired employees. Certain of our Canadian employees may become eligible for such postretirement health care and life insurance benefits if they reach retirement age while working for us. In the U.S., employees who retired after 1998 are not entitled to any such benefits. The majority of all retirees are required to contribute a portion of the cost of their benefits and certain current and future retirees are eligible for reduced health care benefits at age 65. We have no OPEB plan assets, rather, we fund medical claims as they are paid. Contributions to our OPEB plans to cover benefit payments are expected to be the equivalent of:
Years ending December 31, |  | Amount |
|  | (In millions) |
2017 |  | $ | .4 |
2018 |  |  | .4 |
2019 |  |  | .4 |
2020 |  |  | .4 |
2021 |  |  | .4 |
Next 5 years |  |  | 2.2 |
Funded Status of Defined Benefit Plan | The funded status of our OPEB plans is presented in the table below:
| December 31, |
| 2015 |  |  | 2016 |
| (In millions) |
Change in accumulated OPEB obligations: |  |  |  |  |  |  |
Obligations at beginning of the year | $ | 8.5 |  |  | $ | 7.0 |
Service cost |  | .1 |  |  |  | .1 |
Interest cost |  | .3 |  |  |  | .3 |
Actuarial gains |  | (.2 | ) |  |  | (.1 | )
Change in currency exchange rates |  | (1.3 | ) |  |  | .2 |
Benefits paid from employer contributions |  | (.4 | ) |  |  | (.3 | )
Obligations at end of the year |  | 7.0 |  |  |  | 7.2 |
Fair value of plan assets |  | - |  |  |  | - |
Funded status | $ | (7.0 | ) |  | $ | (7.2 | )
Amounts recognized in the balance sheet: |  |  |  |  |  |  |
Current accrued OPEB costs | $ | (.3 | ) |  | $ | (.3 | )
Noncurrent accrued OPEB costs |  | (6.7 | ) |  |  | (6.9 | )
Total | $ | (7.0 | ) |  | $ | (7.2 | )
Accumulated other comprehensive income: |  |  |  |  |  |  |
Net actuarial losses | $ | 3.1 |  |  | $ | 2.9 |
Prior service credit |  | (6.2 | ) |  |  | (5.5 | )
Total | $ | (3.1 | ) |  | $ | (2.6 | )
Components of Net Periodic Benefit Cost (Credit) | The components of our periodic OPEB costs are presented in the table below. The amounts shown below for amortization of prior service credit and recognized actuarial losses for 2014, 2015 and 2016 were recognized as components of our accumulated other comprehensive income (loss) at December 31, 2013, 2014 and 2015, respectively, net of deferred income taxes.
| Years ended December 31, |
| 2014 |  |  | 2015 |  |  | 2016 |
| (In millions) |
Net periodic OPEB cost (benefit): |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | .1 |  |  | $ | .1 |  |  | $ | .1 |
Interest cost |  | .4 |  |  |  | .3 |  |  |  | .3 |
Amortization of prior service credit |  | (.9 | ) |  |  | (.8 | ) |  |  | (.8 | )
Recognized actuarial losses |  | .2 |  |  |  | .3 |  |  |  | .2 |
Total | $ | (.2 | ) |  | $ | (.1 | ) |  | $ | (.2 | )
Key Actuarial Assumptions Used | A summary of our key actuarial assumptions used to determine the net benefit obligation as of December 31, 2015 and 2016 are presented in the table below. The weighted average discount rate was determined using the projected benefit obligation as of such dates. The impact of assumed increases in future compensation levels does not have a material effect on the actuarial present value of the benefit obligation as substantially all of such benefits relate solely to eligible retirees, for which compensation is not applicable.
| 2015 |  | 2016
Healthcare inflation: |  |  |  |  |  |  |
Initial rate |  | 7.0 | % |  |  | 7.0 | %
Ultimate rate |  | 5.0 | % |  |  | 5.0 | %
Year of ultimate rate achievement |  | 2021 |  |  | 2021
Weighted average discount rate |  | 3.9 | % |  |  | 3.5 | %
Changes in Benefit Obligations Recognized in Accumulated Other Comprehensive Income (Loss) | The table below details the changes in benefit obligations recognized in accumulated other comprehensive income (loss) during 2014, 2015 and 2016.
| Years ended December 31, |
| 2014 |  |  | 2015 |  |  | 2016 |
| (In millions) |
Changes in benefit obligations recognized in other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |
Current year: |  |  |  |  |  |  |  |  |  |  |
Net actuarial gain (loss) | $ | (.8 | ) |  | $ | .2 |  |  | $ | .1 |
Amortization of unrecognized: |  |  |  |  |  |  |  |  |  |  |
Net actuarial loss |  | .2 |  |  |  | .3 |  |  |  | .2 |
Prior service cost |  | (.9 | ) |  |  | (.8 | ) |  |  | (.8 | )
Total | $ | (1.5 | ) |  | $ | (.3 | ) |  | $ | (.5 | )
Defined Benefit Pension Plans |
Benefit Payments | We expect to contribute the equivalent of approximately $14.8 million to all of our defined benefit pension plans during 2017. Benefit payments to plan participants out of plan assets are expected to be the equivalent of:
Years ending December 31, |  | Amount |
|  | (In millions) |
2017 |  | $ | 20.1 |
2018 |  |  | 20.4 |
2019 |  |  | 20.9 |
2020 |  |  | 22.1 |
2021 |  |  | 22.6 |
Next 5 years |  |  | 124.4 |
Changes in Benefit Obligations Recognized in Accumulated Other Comprehensive Income (Loss) | The table below details the changes in our consolidated other comprehensive income (loss) during 2014, 2015 and 2016.
| Years ended December 31, |
| 2014 |  |  | 2015 |  |  | 2016 |
| (In millions) |
Changes in plan assets and benefit obligations recognized in other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |
Current year: |  |  |  |  |  |  |  |  |  |  |
Net actuarial gain (loss) | $ | (103.9 | ) |  | $ | 2.7 |  |  | $ | (38.0 | )
Settlements |  | (.3 | ) |  |  | - |  |  |  | - |
Amortization of unrecognized: |  |  |  |  |  |  |  |  |  |  |
Net actuarial losses |  | 10.3 |  |  |  | 14.1 |  |  |  | 11.8 |
Prior service cost |  | .5 |  |  |  | .4 |  |  |  | .2 |
Net transition obligations |  | .1 |  |  |  | - |  |  |  | - |
Total | $ | (93.3 | ) |  | $ | 17.2 |  |  | $ | (26.0 | )
Composition of Pension Plan Assets | The composition of our December 31, 2015 and 2016 pension plan assets by asset category and fair value level is shown in the table below.
|  | Fair Value Measurements at December 31, 2015 |
|  | Total |  |  | Quoted prices in active markets (Level 1) |  |  | Significant other observable inputs (Level 2) |  |  | Significant unobservable inputs (Level 3) |
|  | (In millions) |
Germany |  | $ | 223.1 |  |  | $ | - |  |  | $ | - |  |  | $ | 223.1 |
Canada: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Local currency equities |  |  | 9.6 |  |  |  | 9.6 |  |  |  | - |  |  |  | - |
Non local currency equities |  |  | 23.3 |  |  |  | 23.3 |  |  |  | - |  |  |  | - |
Local currency fixed income |  |  | 50.6 |  |  |  | 50.6 |  |  |  | - |  |  |  | - |
Global mutual fund |  |  | 6.8 |  |  |  | 6.8 |  |  |  | - |  |  |  | - |
Cash and other |  |  | .5 |  |  |  | .5 |  |  |  | - |  |  |  | - |
Norway: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Local currency equities |  |  | 2.0 |  |  |  | 2.0 |  |  |  | - |  |  |  | - |
Non local currency equities |  |  | 3.6 |  |  |  | 3.6 |  |  |  | - |  |  |  | - |
Local currency fixed income |  |  | 24.5 |  |  |  | 24.5 |  |  |  | - |  |  |  | - |
Non local currency fixed income |  |  | 4.7 |  |  |  | 4.7 |  |  |  | - |  |  |  | - |
Real estate |  |  | 4.2 |  |  |  | - |  |  |  | - |  |  |  | 4.2 |
Cash and other |  |  | 7.9 |  |  |  | 6.7 |  |  |  | - |  |  |  | 1.2 |
U.S. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CMRT |  |  | 13.9 |  |  |  | - |  |  |  | 13.9 |  |  |  | - |
Other |  |  | 11.2 |  |  |  | 3.5 |  |  |  | - |  |  |  | 7.7 |
Total |  | $ | 385.9 |  |  | $ | 135.8 |  |  | $ | 13.9 |  |  | $ | 236.2 |
|  | Fair Value Measurements at December 31, 2016 |
|  | Total |  |  | Quoted prices in active markets (Level 1) |  |  | Significant other observable inputs (Level 2) |  |  | Significant unobservable inputs (Level 3) |
|  | (In millions) |
Germany |  | $ | 217.0 |  |  | $ | - |  |  | $ | - |  |  | $ | 217.0 |
Canada: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Local currency equities |  |  | 14.8 |  |  |  | 14.8 |  |  |  | - |  |  |  | - |
Non local currency equities |  |  | 19.7 |  |  |  | 19.7 |  |  |  | - |  |  |  | - |
Local currency fixed income |  |  | 59.5 |  |  |  | 59.5 |  |  |  | - |  |  |  | - |
Cash and other |  |  | .4 |  |  |  | .4 |  |  |  | - |  |  |  | - |
Norway: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Local currency equities |  |  | 1.6 |  |  |  | 1.6 |  |  |  | - |  |  |  | - |
Non local currency equities |  |  | 4.1 |  |  |  | 4.1 |  |  |  | - |  |  |  | - |
Local currency fixed income |  |  | 23.2 |  |  |  | 23.2 |  |  |  | - |  |  |  | - |
Non local currency fixed income |  |  | 5.4 |  |  |  | 5.4 |  |  |  | - |  |  |  | - |
Real estate |  |  | 4.2 |  |  |  | - |  |  |  | - |  |  |  | 4.2 |
Cash and other |  |  | 9.9 |  |  |  | 8.8 |  |  |  | - |  |  |  | 1.1 |
U.S. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CMRT |  |  | 13.7 |  |  |  | - |  |  |  | 13.7 |  |  |  | - |
Other |  |  | 11.7 |  |  |  | 3.5 |  |  |  | - |  |  |  | 8.2 |
Total |  | $ | 385.2 |  |  | $ | 141.0 |  |  | $ | 13.7 |  |  | $ | 230.5 |
Roll forward of Change in Fair Value of Level 3 Assets | A rollforward of the change in fair value of Level 3 assets follows.
| December 31, |
| 2015 |  |  | 2016 |
| (In millions) |
Fair value at beginning of year | $ | 254.1 |  |  | $ | 236.2 |
Gain on assets held at end of year |  | 6.5 |  |  |  | 4.1 |
Gain on assets sold during the year |  | .3 |  |  |  | - |
Assets purchased |  | 13.7 |  |  |  | 13.1 |
Assets sold |  | (12.4 | ) |  |  | (13.4 | )
Currency exchange rate fluctuations |  | (26.0 | ) |  |  | (9.5 | )
Fair value at end of year | $ | 236.2 |  |  | $ | 230.5 |

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 + Details
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- Definition Tabular disclosure of accumulated benefit obligations and fair values of plan assets of pension plans and/or other employee benefit plans where the accumulated benefit obligation exceeds the fair value of plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2417-114920 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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