|
EMPLOYEE BENEFIT PLANS (Tables)
|
12 Months Ended |
|
Dec. 31, 2013
|
| DEFINED BENEFIT AND OTHER POSTRETIREMENT BENEFIT PLANS |
Ìý
|
| Schedule of funded status of the plans and the amounts recognized in the consolidated balance sheets |
The following table sets forth the funded status of the plans for us and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International and the amounts recognized in our consolidated balance sheets at DecemberÌý31, 2013 and 2012 (dollars in millions):
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Ìý
|
Ìý |
Defined Benefit Plans |
Ìý |
Other Postretirement Benefit Plans |
Ìý |
Ìý
|
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2013 |
Ìý |
2012 |
Ìý |
Ìý
|
Ìý |
U.S.
Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
U.S.
Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
U.S.
Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
U.S.
Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
|
Change in benefit obligation
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Benefit obligation at beginning of year
|
Ìý |
$ |
958 |
Ìý |
$ |
2,755 |
Ìý |
$ |
834 |
Ìý |
$ |
2,331 |
Ìý |
$ |
136 |
Ìý |
$ |
7 |
Ìý |
$ |
128 |
Ìý |
$ |
7 |
Ìý |
|
Service cost
|
Ìý |
Ìý |
31 |
Ìý |
Ìý |
38 |
Ìý |
Ìý |
26 |
Ìý |
Ìý |
32 |
Ìý |
Ìý |
4 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
4 |
Ìý |
Ìý |
� |
Ìý |
|
Interest cost
|
Ìý |
Ìý |
40 |
Ìý |
Ìý |
90 |
Ìý |
Ìý |
42 |
Ìý |
Ìý |
102 |
Ìý |
Ìý |
5 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
7 |
Ìý |
Ìý |
1 |
Ìý |
|
Participant contributions
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
5 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
5 |
Ìý |
Ìý |
� |
Ìý |
|
Plan amendments
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
(26 |
) |
Ìý |
� |
Ìý |
Ìý |
(22 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
(1 |
) |
|
Foreign currency exchange rate changes
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
92 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
80 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
(1 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Settlements/transfers
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
(2 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Curtailments
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
(5 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Special termination benefits
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Actuarial (gain) loss
|
Ìý |
Ìý |
(100 |
) |
Ìý |
39 |
Ìý |
Ìý |
127 |
Ìý |
Ìý |
360 |
Ìý |
Ìý |
(9 |
) |
Ìý |
� |
Ìý |
Ìý |
8 |
Ìý |
Ìý |
� |
Ìý |
|
Benefits paid
|
Ìý |
Ìý |
(52 |
) |
Ìý |
(169 |
) |
Ìý |
(45 |
) |
Ìý |
(157 |
) |
Ìý |
(14 |
) |
Ìý |
(1 |
) |
Ìý |
(16 |
) |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Benefit obligation at end of year
|
Ìý |
$ |
877 |
Ìý |
$ |
2,859 |
Ìý |
$ |
958 |
Ìý |
$ |
2,755 |
Ìý |
$ |
105 |
Ìý |
$ |
5 |
Ìý |
$ |
136 |
Ìý |
$ |
7 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Change in plan assets
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Fair value of plan assets at beginning of year
|
Ìý |
$ |
636 |
Ìý |
$ |
2,237 |
Ìý |
$ |
538 |
Ìý |
$ |
2,026 |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
|
Actual return on plan assets
|
Ìý |
Ìý |
99 |
Ìý |
Ìý |
198 |
Ìý |
Ìý |
71 |
Ìý |
Ìý |
221 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Foreign currency exchange rate changes
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
79 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
65 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Participant contributions
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
5 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
5 |
Ìý |
Ìý |
� |
Ìý |
|
Company contributions
|
Ìý |
Ìý |
72 |
Ìý |
Ìý |
89 |
Ìý |
Ìý |
72 |
Ìý |
Ìý |
75 |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
11 |
Ìý |
Ìý |
� |
Ìý |
|
Settlements/transfers
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
(2 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Benefits paid
|
Ìý |
Ìý |
(52 |
) |
Ìý |
(169 |
) |
Ìý |
(45 |
) |
Ìý |
(157 |
) |
Ìý |
(14 |
) |
Ìý |
(1 |
) |
Ìý |
(16 |
) |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Fair value of plan assets at end of year
|
Ìý |
$ |
755 |
Ìý |
$ |
2,443 |
Ìý |
$ |
636 |
Ìý |
$ |
2,237 |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Funded status
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Fair value of plan assets
|
Ìý |
$ |
755 |
Ìý |
$ |
2,443 |
Ìý |
$ |
636 |
Ìý |
$ |
2,237 |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
|
Benefit obligation
|
Ìý |
Ìý |
877 |
Ìý |
Ìý |
2,859 |
Ìý |
Ìý |
958 |
Ìý |
Ìý |
2,755 |
Ìý |
Ìý |
105 |
Ìý |
Ìý |
5 |
Ìý |
Ìý |
136 |
Ìý |
Ìý |
7 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Accrued benefit cost
|
Ìý |
$ |
(122 |
) |
$ |
(416 |
) |
$ |
(322 |
) |
$ |
(518 |
) |
$ |
(105 |
) |
$ |
(5 |
) |
$ |
(136 |
) |
$ |
(7 |
) |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Amounts recognized in balance sheet:
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Noncurrent asset
|
Ìý |
$ |
� |
Ìý |
$ |
20 |
Ìý |
$ |
� |
Ìý |
$ |
1 |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
|
Current liability
|
Ìý |
Ìý |
(6 |
) |
Ìý |
(6 |
) |
Ìý |
(6 |
) |
Ìý |
(5 |
) |
Ìý |
(9 |
) |
Ìý |
� |
Ìý |
Ìý |
(11 |
) |
Ìý |
(1 |
) |
|
Noncurrent liability
|
Ìý |
Ìý |
(116 |
) |
Ìý |
(430 |
) |
Ìý |
(316 |
) |
Ìý |
(514 |
) |
Ìý |
(96 |
) |
Ìý |
(5 |
) |
Ìý |
(125 |
) |
Ìý |
(6 |
) |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý
|
Ìý |
$ |
(122 |
) |
$ |
(416 |
) |
$ |
(322 |
) |
$ |
(518 |
) |
$ |
(105 |
) |
$ |
(5 |
) |
$ |
(136 |
) |
$ |
(7 |
) |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
| Schedule of amounts recognized in accumulated other comprehensive loss (income) |
Ìý
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Defined Benefit Plans |
Ìý |
Other Postretirement Benefit Plans |
Ìý |
Ìý
|
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2013 |
Ìý |
2012 |
Ìý |
Ìý
|
Ìý |
U.S.
Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
U.S.
Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
U.S.
Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
U.S.
Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
|
Amounts recognized in accumulated other comprehensive loss:
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Net actuarial loss
|
Ìý |
$ |
264 |
Ìý |
$ |
705 |
Ìý |
$ |
448 |
Ìý |
$ |
797 |
Ìý |
$ |
21 |
Ìý |
$ |
� |
Ìý |
$ |
32 |
Ìý |
$ |
1 |
Ìý |
|
Prior service cost
|
Ìý |
Ìý |
(35 |
) |
Ìý |
5 |
Ìý |
Ìý |
(42 |
) |
Ìý |
4 |
Ìý |
Ìý |
(27 |
) |
Ìý |
� |
Ìý |
Ìý |
(8 |
) |
Ìý |
� |
Ìý |
|
Transition obligation
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý
|
Ìý |
$ |
229 |
Ìý |
$ |
710 |
Ìý |
$ |
407 |
Ìý |
$ |
801 |
Ìý |
$ |
(6 |
) |
$ |
� |
Ìý |
$ |
24 |
Ìý |
$ |
1 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
| Schedule of amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year |
The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year are as follows (dollars in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Defined Benefit Plans |
Ìý |
Other Postretirement
Benefit Plans |
Ìý |
Ìý
|
Ìý |
U.S. Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
U.S. Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
|
Actuarial loss
|
Ìý |
$ |
19 |
Ìý |
$ |
33 |
Ìý |
$ |
2 |
Ìý |
$ |
� |
Ìý |
|
Prior service cost
|
Ìý |
Ìý |
(6 |
) |
Ìý |
1 |
Ìý |
Ìý |
(4 |
) |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total
|
Ìý |
$ |
13 |
Ìý |
$ |
34 |
Ìý |
$ |
(2 |
) |
$ |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
| Components of the net periodic benefit costs |
Components of net periodic benefit costs for the years ended DecemberÌý31, 2013, 2012 and 2011 were as follows (dollars in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Defined Benefit Plans |
Ìý |
Ìý
|
Ìý |
U.S. plans |
Ìý |
Non-U.S. plans |
Ìý |
Ìý
|
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
|
Service cost
|
Ìý |
$ |
31 |
Ìý |
$ |
26 |
Ìý |
$ |
23 |
Ìý |
$ |
38 |
Ìý |
$ |
32 |
Ìý |
$ |
44 |
Ìý |
|
Interest cost
|
Ìý |
Ìý |
40 |
Ìý |
Ìý |
42 |
Ìý |
Ìý |
44 |
Ìý |
Ìý |
90 |
Ìý |
Ìý |
102 |
Ìý |
Ìý |
110 |
Ìý |
|
Expected return on plan assets
|
Ìý |
Ìý |
(50 |
) |
Ìý |
(48 |
) |
Ìý |
(47 |
) |
Ìý |
(124 |
) |
Ìý |
(133 |
) |
Ìý |
(140 |
) |
|
Amortization of prior service cost
|
Ìý |
Ìý |
(7 |
) |
Ìý |
(6 |
) |
Ìý |
(4 |
) |
Ìý |
1 |
Ìý |
Ìý |
(1 |
) |
Ìý |
(2 |
) |
|
Amortization of actuarial loss
|
Ìý |
Ìý |
35 |
Ìý |
Ìý |
21 |
Ìý |
Ìý |
16 |
Ìý |
Ìý |
43 |
Ìý |
Ìý |
23 |
Ìý |
Ìý |
16 |
Ìý |
|
Settlement loss
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
12 |
Ìý |
Ìý |
13 |
Ìý |
Ìý |
� |
Ìý |
|
Special termination benefits
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
8 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Net periodic benefit cost
|
Ìý |
$ |
49 |
Ìý |
$ |
35 |
Ìý |
$ |
32 |
Ìý |
$ |
69 |
Ìý |
$ |
36 |
Ìý |
$ |
36 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Other Postretirement Benefit Plans |
Ìý |
Ìý
|
Ìý |
U.S. plans |
Ìý |
Non-U.S. plans |
Ìý |
Ìý
|
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
|
Service cost
|
Ìý |
$ |
4 |
Ìý |
$ |
4 |
Ìý |
$ |
3 |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
|
Interest cost
|
Ìý |
Ìý |
5 |
Ìý |
Ìý |
7 |
Ìý |
Ìý |
7 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
1 |
Ìý |
|
Amortization of prior service cost
|
Ìý |
Ìý |
(2 |
) |
Ìý |
(3 |
) |
Ìý |
(3 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Amortization of actuarial loss
|
Ìý |
Ìý |
2 |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Net periodic benefit cost
|
Ìý |
$ |
9 |
Ìý |
$ |
10 |
Ìý |
$ |
9 |
Ìý |
$ |
� |
Ìý |
$ |
1 |
Ìý |
$ |
1 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
| Schedule of amounts recognized in net periodic benefit cost and other comprehensive loss (income) |
ÌýThe amounts recognized in net periodic benefit cost and other comprehensive income (loss) as of DecemberÌý31, 2013, 2012 and 2011 were as follows (dollars in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Defined Benefit Plans |
Ìý |
Ìý
|
Ìý |
U.S. plans |
Ìý |
Non-U.S. plans |
Ìý |
Ìý
|
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
|
Current year actuarial (gain) loss
|
Ìý |
$ |
(149 |
) |
$ |
103 |
Ìý |
$ |
101 |
Ìý |
$ |
(40 |
) |
$ |
272 |
Ìý |
$ |
182 |
Ìý |
|
Amortization of actuarial loss
|
Ìý |
Ìý |
(35 |
) |
Ìý |
(21 |
) |
Ìý |
(16 |
) |
Ìý |
(43 |
) |
Ìý |
(23 |
) |
Ìý |
(16 |
) |
|
Current year prior service (credits) cost
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
(26 |
) |
Ìý |
� |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
(2 |
) |
|
Amortization of prior service cost (credits)
|
Ìý |
Ìý |
7 |
Ìý |
Ìý |
6 |
Ìý |
Ìý |
4 |
Ìý |
Ìý |
(1 |
) |
Ìý |
1 |
Ìý |
Ìý |
2 |
Ìý |
|
Curtailment effects
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
(38 |
) |
|
Settlements
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
(12 |
) |
Ìý |
(13 |
) |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total recognized in other comprehensive (income) loss
|
Ìý |
Ìý |
(177 |
) |
Ìý |
62 |
Ìý |
Ìý |
89 |
Ìý |
Ìý |
(95 |
) |
Ìý |
237 |
Ìý |
Ìý |
128 |
Ìý |
|
Net periodic benefit cost
|
Ìý |
Ìý |
49 |
Ìý |
Ìý |
35 |
Ìý |
Ìý |
32 |
Ìý |
Ìý |
69 |
Ìý |
Ìý |
36 |
Ìý |
Ìý |
36 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total recognized in net periodic benefit cost and other comprehensive income (loss)
|
Ìý |
$ |
(128 |
) |
$ |
97 |
Ìý |
$ |
121 |
Ìý |
$ |
(26 |
) |
$ |
273 |
Ìý |
$ |
164 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý
Ìý
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Other Postretirement Benefit Plans |
Ìý |
Ìý
|
Ìý |
U.S. plans |
Ìý |
Non-U.S. plans |
Ìý |
Ìý
|
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
|
Current year actuarial (gain) loss
|
Ìý |
$ |
(8 |
) |
$ |
9 |
Ìý |
$ |
1 |
Ìý |
$ |
(1 |
) |
$ |
� |
Ìý |
$ |
� |
Ìý |
|
Amortization of actuarial loss
|
Ìý |
Ìý |
(2 |
) |
Ìý |
(2 |
) |
Ìý |
(2 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Current year prior service credit
|
Ìý |
Ìý |
(22 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Amortization of prior service cost
|
Ìý |
Ìý |
2 |
Ìý |
Ìý |
3 |
Ìý |
Ìý |
3 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total recognized in other
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
comprehensive (income) loss
|
Ìý |
Ìý |
(30 |
) |
Ìý |
10 |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
(1 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Net periodic benefit cost
|
Ìý |
Ìý |
9 |
Ìý |
Ìý |
10 |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
1 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total recognized in net periodic benefit cost and other comprehensive income (loss)
|
Ìý |
$ |
(21 |
) |
$ |
20 |
Ìý |
$ |
11 |
Ìý |
$ |
(1 |
) |
$ |
1 |
Ìý |
$ |
1 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
| Schedule of weighted-average assumptions used to determine the projected benefit obligation and the net periodic pension cost |
ÌýÌýÌýThe following weighted-average assumptions were used to determine the projected benefit obligation at the measurement date and the net periodic pension cost for the year:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Defined Benefit Plans |
Ìý |
Ìý
|
Ìý |
U.S. plans |
Ìý |
Non U.S. plans |
Ìý |
Ìý
|
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
|
Projected benefit obligation
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Discount rate
|
Ìý |
Ìý |
5.13 |
% |
Ìý |
4.18 |
% |
Ìý |
5.30 |
% |
Ìý |
3.62 |
% |
Ìý |
3.38 |
% |
Ìý |
4.39 |
% |
|
Rate of compensation increase
|
Ìý |
Ìý |
4.17 |
% |
Ìý |
4.19 |
% |
Ìý |
3.88 |
% |
Ìý |
3.37 |
% |
Ìý |
3.34 |
% |
Ìý |
3.44 |
% |
|
Net periodic pension cost
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Discount rate
|
Ìý |
Ìý |
4.18 |
% |
Ìý |
5.30 |
% |
Ìý |
5.70 |
% |
Ìý |
3.38 |
% |
Ìý |
4.39 |
% |
Ìý |
4.69 |
% |
|
Rate of compensation increase
|
Ìý |
Ìý |
4.19 |
% |
Ìý |
3.88 |
% |
Ìý |
3.88 |
% |
Ìý |
3.34 |
% |
Ìý |
3.44 |
% |
Ìý |
3.38 |
% |
|
Expected return on plan assets
|
Ìý |
Ìý |
7.75 |
% |
Ìý |
8.00 |
% |
Ìý |
8.19 |
% |
Ìý |
5.75 |
% |
Ìý |
6.52 |
% |
Ìý |
6.62 |
% |
Ìý
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Other Postretirement Benefit Plans |
Ìý |
Ìý
|
Ìý |
U.S. plans |
Ìý |
Non U.S. plans |
Ìý |
Ìý
|
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
|
Projected benefit obligation
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Discount rate
|
Ìý |
Ìý |
4.79 |
% |
Ìý |
3.89 |
% |
Ìý |
5.09 |
% |
Ìý |
6.49 |
% |
Ìý |
5.79 |
% |
Ìý |
6.09 |
% |
|
Net periodic pension cost
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Discount rate
|
Ìý |
Ìý |
3.89 |
% |
Ìý |
5.09 |
% |
Ìý |
5.46 |
% |
Ìý |
5.79 |
% |
Ìý |
6.09 |
% |
Ìý |
6.69 |
% |
|
| Schedule of effect on one-percent-point change in assumed health care cost trend rates |
Assumed health care cost trend rates can have a significant effect on the amounts reported for the postretirement benefit plans. A one-percent point change in assumed health care cost trend rates would have the following effects (dollars in millions):
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Increase |
Ìý |
Decrease |
Ìý |
|
Asset category
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Effect on total of service and interest cost
|
Ìý |
$ |
1 |
Ìý |
$ |
(1 |
) |
|
Effect on postretirement benefit obligation
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
| Schedule of projected benefit obligation and fair value of plan assets for the defined benefit plans with projected benefit obligations in excess of fair value of plan assets |
The projected benefit obligation and fair value of plan assets for the defined benefit plans with projected benefit obligations in excess of plan assets as of DecemberÌý31, 2013 and 2012 were as follows (dollars in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
U.S. plans |
Ìý |
Non-U.S. plans |
Ìý |
Ìý
|
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2013 |
Ìý |
2012 |
Ìý |
|
Projected benefit obligation in excess of plan assets
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Projected benefit obligation
|
Ìý |
$ |
871 |
Ìý |
$ |
958 |
Ìý |
$ |
2,234 |
Ìý |
$ |
2,742 |
Ìý |
|
Fair value of plan assets
|
Ìý |
Ìý |
749 |
Ìý |
Ìý |
636 |
Ìý |
Ìý |
1,797 |
Ìý |
Ìý |
2,223 |
Ìý |
|
| Schedule of defined benefit plans with an accumulated benefit obligation in excess of fair value of plan assets |
The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the defined benefit plans with an accumulated benefit obligation in excess of plan assets as of DecemberÌý31, 2013 and 2012 were as follows (dollars in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
U.S. plans |
Ìý |
Non-U.S. plans |
Ìý |
Ìý
|
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2013 |
Ìý |
2012 |
Ìý |
|
Accumulated benefit obligation in excess of plan assets
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Projected benefit obligation
|
Ìý |
$ |
871 |
Ìý |
$ |
958 |
Ìý |
$ |
1,868 |
Ìý |
$ |
1,751 |
Ìý |
|
Accumulated benefit obligation
|
Ìý |
Ìý |
853 |
Ìý |
Ìý |
925 |
Ìý |
Ìý |
1,732 |
Ìý |
Ìý |
1,603 |
Ìý |
|
Fair value of plan assets
|
Ìý |
Ìý |
749 |
Ìý |
Ìý |
636 |
Ìý |
Ìý |
1,451 |
Ìý |
Ìý |
1,266 |
Ìý |
|
| Schedule of expected future contributions and benefit payments |
ÌýÌýÌýExpected future contributions and benefit payments are as follows (dollars in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
U.S. Plans |
Ìý |
Non-U.S. Plans |
Ìý |
Ìý
|
Ìý |
Defined
Benefit
Plans |
Ìý |
Other
Postretirement
Benefit
Plans |
Ìý |
Defined
Benefit
Plans |
Ìý |
Other
Postretirement
Benefit
Plans |
Ìý |
|
2014 expected employer contributions
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
To plan trusts
|
Ìý |
$ |
46 |
Ìý |
$ |
9 |
Ìý |
$ |
79 |
Ìý |
$ |
1 |
Ìý |
|
Expected benefit payments
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
2014
|
Ìý |
Ìý |
63 |
Ìý |
Ìý |
10 |
Ìý |
Ìý |
149 |
Ìý |
Ìý |
1 |
Ìý |
|
2015
|
Ìý |
Ìý |
63 |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
83 |
Ìý |
Ìý |
1 |
Ìý |
|
2016
|
Ìý |
Ìý |
56 |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
81 |
Ìý |
Ìý |
1 |
Ìý |
|
2017
|
Ìý |
Ìý |
59 |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
83 |
Ìý |
Ìý |
1 |
Ìý |
|
2018
|
Ìý |
Ìý |
61 |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
86 |
Ìý |
Ìý |
1 |
Ìý |
|
2019Ìý-Ìý2023
|
Ìý |
Ìý |
340 |
Ìý |
Ìý |
41 |
Ìý |
Ìý |
456 |
Ìý |
Ìý |
2 |
Ìý |
|
| Schedule of plan assets measured at fair value on a recurring basis |
The following plan assets are measured at fair value on a recurring basis (dollars in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Ìý
|
Ìý |
Fair Value Amounts Using |
Ìý |
|
Asset category
|
Ìý |
DecemberÌý31,
2013 |
Ìý |
Quoted prices in
active markets
for identical
assets (LevelÌý1) |
Ìý |
Significant other
observable
inputs
(LevelÌý2) |
Ìý |
Significant
unobservable
inputs
(LevelÌý3) |
Ìý |
|
U.S. pension plans:
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Equities
|
Ìý |
$ |
428 |
Ìý |
$ |
245 |
Ìý |
$ |
183 |
Ìý |
$ |
� |
Ìý |
|
Fixed income
|
Ìý |
Ìý |
208 |
Ìý |
Ìý |
88 |
Ìý |
Ìý |
120 |
Ìý |
Ìý |
� |
Ìý |
|
Real estate/other
|
Ìý |
Ìý |
92 |
Ìý |
Ìý |
45 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
47 |
Ìý |
|
Cash
|
Ìý |
Ìý |
27 |
Ìý |
Ìý |
27 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total U.S. pension plan assets
|
Ìý |
$ |
755 |
Ìý |
$ |
405 |
Ìý |
$ |
303 |
Ìý |
$ |
47 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Non-U.S. pension plans:
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Equities
|
Ìý |
$ |
1,053 |
Ìý |
$ |
580 |
Ìý |
$ |
473 |
Ìý |
$ |
� |
Ìý |
|
Fixed income
|
Ìý |
Ìý |
908 |
Ìý |
Ìý |
668 |
Ìý |
Ìý |
240 |
Ìý |
Ìý |
� |
Ìý |
|
Real estate/other
|
Ìý |
Ìý |
400 |
Ìý |
Ìý |
30 |
Ìý |
Ìý |
341 |
Ìý |
Ìý |
29 |
Ìý |
|
Cash
|
Ìý |
Ìý |
82 |
Ìý |
Ìý |
80 |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total Non-U.S. pension plan assets
|
Ìý |
$ |
2,443 |
Ìý |
$ |
1,358 |
Ìý |
$ |
1,056 |
Ìý |
$ |
29 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Ìý
|
Ìý |
Fair Value Amounts Using |
Ìý |
|
Asset category
|
Ìý |
DecemberÌý31,
2012 |
Ìý |
Quoted prices in
active markets
for identical
assets (LevelÌý1) |
Ìý |
Significant other
observable
inputs
(LevelÌý2) |
Ìý |
Significant
unobservable
inputs
(LevelÌý3) |
Ìý |
|
U.S. pension plans:
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Equities
|
Ìý |
$ |
340 |
Ìý |
$ |
195 |
Ìý |
$ |
145 |
Ìý |
$ |
� |
Ìý |
|
Fixed income
|
Ìý |
Ìý |
196 |
Ìý |
Ìý |
116 |
Ìý |
Ìý |
80 |
Ìý |
Ìý |
� |
Ìý |
|
Real estate/other
|
Ìý |
Ìý |
89 |
Ìý |
Ìý |
48 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
41 |
Ìý |
|
Cash
|
Ìý |
Ìý |
11 |
Ìý |
Ìý |
11 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total U.S. pension plan assets
|
Ìý |
$ |
636 |
Ìý |
$ |
370 |
Ìý |
$ |
225 |
Ìý |
$ |
41 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Non-U.S. pension plans:
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Equities
|
Ìý |
$ |
862 |
Ìý |
$ |
649 |
Ìý |
$ |
213 |
Ìý |
$ |
� |
Ìý |
|
Fixed income
|
Ìý |
Ìý |
905 |
Ìý |
Ìý |
632 |
Ìý |
Ìý |
273 |
Ìý |
Ìý |
� |
Ìý |
|
Real estate/other
|
Ìý |
Ìý |
357 |
Ìý |
Ìý |
27 |
Ìý |
Ìý |
303 |
Ìý |
Ìý |
27 |
Ìý |
|
Cash
|
Ìý |
Ìý |
113 |
Ìý |
Ìý |
112 |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total Non-U.S. pension plan assets
|
Ìý |
$ |
2,237 |
Ìý |
$ |
1,420 |
Ìý |
$ |
790 |
Ìý |
$ |
27 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
| Reconciliation of the beginning and ending balances of plan assets measured at fair value using unobservable inputs (level 3) |
ÌýÌýÌýÌýThe following table reconciles the beginning and ending balances of plan assets measured at fair value using unobservable inputs (LevelÌý3) (dollars in millions):
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Real Estate/Other |
Ìý |
|
Fair Value Measurements of Plan Assets Using Significant Unobservable Inputs (LevelÌý3)
|
Ìý |
Year ended
DecemberÌý31,
2013 |
Ìý |
Year ended
DecemberÌý31,
2012 |
Ìý |
|
Balance at beginning of period
|
Ìý |
$ |
68 |
Ìý |
$ |
61 |
Ìý |
|
Return on pension plan assets
|
Ìý |
Ìý |
6 |
Ìý |
Ìý |
4 |
Ìý |
|
Purchases, sales and settlements
|
Ìý |
Ìý |
2 |
Ìý |
Ìý |
10 |
Ìý |
|
Transfers (out of) into LevelÌý3
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
(7 |
) |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Balance at end of period
|
Ìý |
$ |
76 |
Ìý |
$ |
68 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
| Schedule of asset allocation for pension plans and the target allocation, by asset category |
Ìý
Ìý
|
|
|
|
|
|
|
|
|
|
|
|
Asset category
|
Ìý |
Target
Allocation
2014 |
Ìý |
Allocation at
DecemberÌý31,
2013 |
Ìý |
Allocation at
DecemberÌý31,
2012 |
Ìý |
|
U.S. pension plans:
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Equities
|
Ìý |
Ìý |
54 |
% |
Ìý |
57 |
% |
Ìý |
53 |
% |
|
Fixed income
|
Ìý |
Ìý |
33 |
% |
Ìý |
27 |
% |
Ìý |
31 |
% |
|
Real estate/other
|
Ìý |
Ìý |
13 |
% |
Ìý |
12 |
% |
Ìý |
14 |
% |
|
Cash
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
4 |
% |
Ìý |
2 |
% |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total U.S. pension plans
|
Ìý |
Ìý |
100 |
% |
Ìý |
100 |
% |
Ìý |
100 |
% |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Non-U.S. pension plans:
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Equities
|
Ìý |
Ìý |
38 |
% |
Ìý |
38 |
% |
Ìý |
38 |
% |
|
Fixed income
|
Ìý |
Ìý |
40 |
% |
Ìý |
40 |
% |
Ìý |
41 |
% |
|
Real estate/other
|
Ìý |
Ìý |
11 |
% |
Ìý |
11 |
% |
Ìý |
20 |
% |
|
Cash
|
Ìý |
Ìý |
11 |
% |
Ìý |
11 |
% |
Ìý |
1 |
% |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total non-U.S. pension plans
|
Ìý |
Ìý |
100 |
% |
Ìý |
100 |
% |
Ìý |
100 |
% |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
|
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
|
Ìý
|
| DEFINED BENEFIT AND OTHER POSTRETIREMENT BENEFIT PLANS |
Ìý
|
| Schedule of amounts recognized in accumulated other comprehensive loss (income) |
Ìý
Ìý
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Defined Benefit Plans |
Ìý |
Other Postretirement Benefit Plans |
Ìý |
Ìý
|
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2013 |
Ìý |
2012 |
Ìý |
Ìý
|
Ìý |
U.S.
Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
U.S.
Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
U.S.
Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
U.S.
Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
|
Amounts recognized in accumulated other comprehensive loss:
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Net actuarial loss
|
Ìý |
$ |
266 |
Ìý |
$ |
765 |
Ìý |
$ |
449 |
Ìý |
$ |
867 |
Ìý |
$ |
21 |
Ìý |
$ |
� |
Ìý |
$ |
32 |
Ìý |
$ |
1 |
Ìý |
|
Prior service cost
|
Ìý |
Ìý |
(35 |
) |
Ìý |
5 |
Ìý |
Ìý |
(42 |
) |
Ìý |
4 |
Ìý |
Ìý |
(27 |
) |
Ìý |
� |
Ìý |
Ìý |
(8 |
) |
Ìý |
� |
Ìý |
|
Transition obligation
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý
|
Ìý |
$ |
231 |
Ìý |
$ |
770 |
Ìý |
$ |
408 |
Ìý |
$ |
871 |
Ìý |
$ |
(6 |
) |
$ |
� |
Ìý |
$ |
24 |
Ìý |
$ |
1 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
| Schedule of amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year |
The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year are as follows (dollars in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Defined Benefit Plans |
Ìý |
Other Postretirement
Benefit Plans |
Ìý |
Ìý
|
Ìý |
U.S. Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
U.S. Plans |
Ìý |
Non-U.S.
Plans |
Ìý |
|
Actuarial loss
|
Ìý |
$ |
19 |
Ìý |
$ |
41 |
Ìý |
$ |
2 |
Ìý |
$ |
� |
Ìý |
|
Prior service cost
|
Ìý |
Ìý |
(6 |
) |
Ìý |
� |
Ìý |
Ìý |
(4 |
) |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total
|
Ìý |
$ |
13 |
Ìý |
$ |
41 |
Ìý |
$ |
(2 |
) |
$ |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
| Components of the net periodic benefit costs |
ÌýÌýÌýÌýComponents of net periodic benefit costs for the years ended DecemberÌý31, 2013, 2012 and 2011 were as follows (dollars in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Defined Benefit Plans |
Ìý |
Ìý
|
Ìý |
U.S. plans |
Ìý |
Non-U.S. plans |
Ìý |
Ìý
|
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
|
Service cost
|
Ìý |
$ |
31 |
Ìý |
$ |
26 |
Ìý |
$ |
23 |
Ìý |
$ |
38 |
Ìý |
$ |
32 |
Ìý |
$ |
44 |
Ìý |
|
Interest cost
|
Ìý |
Ìý |
40 |
Ìý |
Ìý |
42 |
Ìý |
Ìý |
44 |
Ìý |
Ìý |
90 |
Ìý |
Ìý |
102 |
Ìý |
Ìý |
110 |
Ìý |
|
Expected return on plan assets
|
Ìý |
Ìý |
(50 |
) |
Ìý |
(48 |
) |
Ìý |
(47 |
) |
Ìý |
(124 |
) |
Ìý |
(133 |
) |
Ìý |
(140 |
) |
|
Amortization of prior service cost
|
Ìý |
Ìý |
(7 |
) |
Ìý |
(6 |
) |
Ìý |
(4 |
) |
Ìý |
1 |
Ìý |
Ìý |
(1 |
) |
Ìý |
(2 |
) |
|
Amortization of actuarial loss
|
Ìý |
Ìý |
35 |
Ìý |
Ìý |
21 |
Ìý |
Ìý |
16 |
Ìý |
Ìý |
49 |
Ìý |
Ìý |
28 |
Ìý |
Ìý |
21 |
Ìý |
|
Settlement loss
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
12 |
Ìý |
Ìý |
13 |
Ìý |
Ìý |
� |
Ìý |
|
Special termination benefits
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
8 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Net periodic benefit cost
|
Ìý |
$ |
49 |
Ìý |
$ |
35 |
Ìý |
$ |
32 |
Ìý |
$ |
75 |
Ìý |
$ |
41 |
Ìý |
$ |
41 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Other Postretirement Benefit Plans |
Ìý |
Ìý
|
Ìý |
U.S. plans |
Ìý |
Non-U.S. plans |
Ìý |
Ìý
|
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
|
Service cost
|
Ìý |
$ |
4 |
Ìý |
$ |
4 |
Ìý |
$ |
3 |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
$ |
� |
Ìý |
|
Interest cost
|
Ìý |
Ìý |
5 |
Ìý |
Ìý |
7 |
Ìý |
Ìý |
7 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
1 |
Ìý |
|
Amortization of prior service cost
|
Ìý |
Ìý |
(2 |
) |
Ìý |
(3 |
) |
Ìý |
(3 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Amortization of actuarial loss
|
Ìý |
Ìý |
2 |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Net periodic benefit cost
|
Ìý |
$ |
9 |
Ìý |
$ |
10 |
Ìý |
$ |
9 |
Ìý |
$ |
� |
Ìý |
$ |
1 |
Ìý |
$ |
1 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
| Schedule of amounts recognized in net periodic benefit cost and other comprehensive loss (income) |
The amounts recognized in net periodic benefit cost and other comprehensive income (loss) as of DecemberÌý31, 2013, 2012 and 2011 were as follows (dollars in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Defined Benefit Plans |
Ìý |
Ìý
|
Ìý |
U.S. plans |
Ìý |
Non-U.S. plans |
Ìý |
Ìý
|
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
|
Current year actuarial (gain) loss
|
Ìý |
$ |
(149 |
) |
$ |
103 |
Ìý |
$ |
101 |
Ìý |
$ |
(39 |
) |
$ |
272 |
Ìý |
$ |
182 |
Ìý |
|
Amortization of actuarial loss
|
Ìý |
Ìý |
(35 |
) |
Ìý |
(21 |
) |
Ìý |
(16 |
) |
Ìý |
(49 |
) |
Ìý |
(28 |
) |
Ìý |
(21 |
) |
|
Current year prior service (credits) cost
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
(26 |
) |
Ìý |
� |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
(2 |
) |
|
Amortization of prior service cost (credits)
|
Ìý |
Ìý |
7 |
Ìý |
Ìý |
6 |
Ìý |
Ìý |
4 |
Ìý |
Ìý |
(1 |
) |
Ìý |
1 |
Ìý |
Ìý |
2 |
Ìý |
|
Curtailment effects
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
(38 |
) |
|
Settlements
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
(12 |
) |
Ìý |
(13 |
) |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total recognized in other
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
comprehensive (income) loss
|
Ìý |
Ìý |
(177 |
) |
Ìý |
62 |
Ìý |
Ìý |
89 |
Ìý |
Ìý |
(100 |
) |
Ìý |
232 |
Ìý |
Ìý |
123 |
Ìý |
|
Net periodic benefit cost
|
Ìý |
Ìý |
49 |
Ìý |
Ìý |
35 |
Ìý |
Ìý |
32 |
Ìý |
Ìý |
75 |
Ìý |
Ìý |
41 |
Ìý |
Ìý |
41 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total recognized in net periodic benefit cost and other comprehensive income (loss)
|
Ìý |
$ |
(128 |
) |
$ |
97 |
Ìý |
$ |
121 |
Ìý |
$ |
(25 |
) |
$ |
273 |
Ìý |
$ |
164 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Other Postretirement Benefit Plans |
Ìý |
Ìý
|
Ìý |
U.S. plans |
Ìý |
Non-U.S. plans |
Ìý |
Ìý
|
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
2013 |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
|
Current year actuarial (gain) loss
|
Ìý |
$ |
(8 |
) |
$ |
9 |
Ìý |
$ |
1 |
Ìý |
$ |
(1 |
) |
$ |
� |
Ìý |
$ |
� |
Ìý |
|
Amortization of actuarial loss
|
Ìý |
Ìý |
(2 |
) |
Ìý |
(2 |
) |
Ìý |
(2 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Current year prior service credit
|
Ìý |
Ìý |
(22 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Amortization of prior service cost
|
Ìý |
Ìý |
2 |
Ìý |
Ìý |
3 |
Ìý |
Ìý |
3 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total recognized in other comprehensive (income) loss
|
Ìý |
Ìý |
(30 |
) |
Ìý |
10 |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
(1 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
|
Net periodic benefit cost
|
Ìý |
Ìý |
9 |
Ìý |
Ìý |
10 |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
1 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Total recognized in net periodic benefit cost and other comprehensive income (loss)
|
Ìý |
$ |
(21 |
) |
$ |
20 |
Ìý |
$ |
11 |
Ìý |
$ |
(1 |
) |
$ |
1 |
Ìý |
$ |
1 |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
|