v3.6.0.2

Postretirement Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract] |
Summary of PME Multi-Employer Plan |
PME multi-employer plan |  | 2016 |  |  | 2015 |  |  | 2014 |
NXP’s contributions to the plan |  |  | 36 |  |  |  | 37 |  |  |  | 48 |
(including employees’ contributions) |  |  | 4 |  |  |  | 4 |  |  |  | 4 |
Average number of NXP’s active employees participating in the plan |  |  | 2,415 |  |  |  | 2,668 |  |  |  | 2,881 |
NXP’s contribution to the plan exceeded more than 5 percent of the total contribution (as of December 31 of the plan’s year end) |  |  | No |  |  |  | No |  |  |  | No |
Summary of Changes in Pension Benefit Obligations and Defined-Benefit Pension Plan Assets | The table below provides a summary of the changes in the pension benefit obligations and defined-benefit pension plan assets for 2016 and 2015, associated with the Company’s dedicated plans, and a reconciliation of the funded status of these plans to the amounts recognized in the consolidated balance sheets.
|  | 2016 |  |  | 2015 |
Projected benefit obligation |  |  |  |  |  |  |  |
Projected benefit obligation at beginning of year |  |  | 561 |  |  |  | 447 |
Service cost |  |  | 17 |  |  |  | 12 |
Interest cost |  |  | 14 |  |  |  | 11 |
Actuarial (gains) and losses |  |  | 53 |  |  |  | (18 | )
Curtailments and settlements |  |  | (15 | ) |  |  | (16 | )
Benefits paid |  |  | (21 | ) |  |  | (14 | )
Pension liabilities held-for-sale |  |  | (28 | ) |  |  | — |
Benefit obligation assumed in acquisitions |  |  | — |  |  |  | 177 |
Exchange rate differences |  |  | (17 | ) |  |  | (38 | )
Projected benefit obligation at end of year |  |  | 564 |  |  |  | 561 |
Plan assets |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  |  | 190 |  |  |  | 157 |
Actual return on plan assets |  |  | 3 |  |  |  | 7 |
Employer contributions |  |  | 21 |  |  |  | 10 |
Curtailments and settlements |  |  | (15 | ) |  |  | (12 | )
Benefits paid |  |  | (21 | ) |  |  | (14 | )
Pension assets held-for-sale |  |  | (2 | ) |  |  | — |
Plan assets acquired in acquisitions |  |  | — |  |  |  | 56 |
Exchange rate differences |  |  | (4 | ) |  |  | (14 | )
Fair value of plan assets at end of year |  |  | 172 |  |  |  | 190 |
Funded status |  |  | (392 | ) |  |  | (371 | )
Classification of the funded status is as follows |  |  |  |  |  |  |  |
- Prepaid pension cost within other non-current assets |  |  | — |  |  |  | 4 |
- Accrued pension cost within other non-current liabilities |  |  | (380 | ) |  |  | (368 | )
- Accrued pension cost within accrued liabilities |  |  | (12 | ) |  |  | (7 | )
Total |  |  | (392 | ) |  |  | (371 | )
Accumulated benefit obligation |  |  |  |  |  |  |  |
Accumulated benefit obligation for all Company-dedicated benefit pension plans |  |  | 524 |  |  |  | 518 |
Plans with assets less than accumulated benefit obligation |  |  |  |  |  |  |  |
Funded plans with assets less than accumulated benefit obligation |  |  |  |  |  |  |  |
- Fair value of plan assets |  |  | 171 |  |  |  | 73 |
- Accumulated benefit obligations |  |  | 327 |  |  |  | 209 |
- Projected benefit obligations |  |  | 357 |  |  |  | 243 |
Unfunded plans |  |  |  |  |  |  |  |
- Accumulated benefit obligations |  |  | 195 |  |  |  | 196 |
- Projected benefit obligations |  |  | 204 |  |  |  | 204 |
Amounts recognized in accumulated other comprehensive income (before tax) |  |  |  |  |  |  |  |
Total AOCI at beginning of year |  |  | 42 |  |  |  | 70 |
- Net actuarial loss (gain) |  |  | 54 |  |  |  | (21 | )
- Exchange rate differences |  |  | (5 | ) |  |  | (7 | )
Total AOCI at end of year |  |  | 91 |  |  |  | 42 |
Summary of Weighted Average Assumptions Used to Calculate Projected Benefit Obligations and Net Periodic Pension Cost | The weighted average assumptions used to calculate the projected benefit obligations were as follows:
|  | 2016 |  |  | 2015 |
Discount rate |  |  | 2.0 | % |  |  | 2.5 | %
Rate of compensation increase |  |  | 1.9 | % |  |  | 2.2 | %
The weighted average assumptions used to calculate the net periodic pension cost were as follows:
|  | 2016 |  |  | 2015 |  |  | 2014 |
Discount rate |  |  | 2.5 | % |  |  | 2.6 | % |  |  | 3.7 | %
Expected returns on plan assets |  |  | 3.5 | % |  |  | 4.2 | % |  |  | 4.2 | %
Rate of compensation increase |  |  | 2.2 | % |  |  | 1.8 | % |  |  | 2.3 | %
Components of Net Periodic Pension Costs | The components of net periodic pension costs were as follows:
|  | 2016 |  |  | 2015 |  |  | 2014 |
Service cost |  |  | 17 |  |  |  | 12 |  |  |  | 10 |
Interest cost on the projected benefit obligation |  |  | 14 |  |  |  | 11 |  |  |  | 13 |
Expected return on plan assets |  |  | (6 | ) |  |  | (6 | ) |  |  | (7 | )
Amortization of net (gain) loss |  |  | 2 |  |  |  | 3 |  |  |  | (1 | )
Curtailments & settlements |  |  | (1 | ) |  |  | (6 | ) |  |  | — |
Other |  |  | — |  |  |  | 2 |  |  |  | — |
Net periodic cost |  |  | 26 |  |  |  | 16 |  |  |  | 15 |
Summary of Actual Pension Plan Assets Allocation and Classification | The actual pension plan asset allocation at December 31, 2016 and 2015 is as follows:
|  | 2016 |  |  | 2015 |
Asset category: |  |  |  |  |  |  |  |
Equity securities |  |  | 29 | % |  |  | 29 | %
Debt securities |  |  | 52 | % |  |  | 55 | %
Insurance contracts |  |  | 7 | % |  |  | 6 | %
Other |  |  | 12 | % |  |  | 10 | %
|  |  | 100 | % |  |  | 100 | %
The following table summarizes the classification of these assets.
|  | 2016 |  |  | 2015 |
|  | Level I |  |  | Level II |  |  | Level III |  |  | Level I |  |  | Level II |  |  | Level III |
Equity securities |  |  | — |  |  |  | 48 |  |  |  | — |  |  |  | — |  |  |  | 49 |  |  |  | — |
Debt securities |  |  | 9 |  |  |  | 72 |  |  |  | — |  |  |  | 7 |  |  |  | 81 |  |  |  | — |
Insurance contracts |  |  | — |  |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | 12 |  |  |  | — |
Other |  |  | 5 |  |  |  | 11 |  |  |  | 4 |  |  |  | 3 |  |  |  | 10 |  |  |  | 3 |
|  |  | 14 |  |  |  | 143 |  |  |  | 4 |  |  |  | 10 |  |  |  | 152 |  |  |  | 3 |
Summary of Estimated Future Pension Benefit Payments | The following benefit payments are expected to be made (including those for funded plans):
2017 |  |  | 21 |
2018 |  |  | 16 |
2019 |  |  | 17 |
2020 |  |  | 18 |
2021 |  |  | 20 |
Years 2022-2026 |  |  | 128 |

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- Definition Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans. + 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 (a)(b)(c) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + 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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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + 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 (f) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the quantitative and qualitative information related to multiemployer plans in which the employer participates. A multiemployer plan is a pension or postretirement benefit plan to which two or more unrelated employers contribute where assets contributed by one participating employer may be used to provide benefits to employees of other participating employers. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450657-114947 + Details
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + 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 (h) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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