Pension and Other Postretirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

The net periodic benefit cost for pension and other postretirement benefit plans consisted of the following components:



	Pension Benefits									Other Postretirement Benefits
Years Ended December 31	2013			2012			2011			2013			2012			2011
Service cost	$	682		$	555		$	619		$	102		$	82		$	110
Interest cost	665			661			718			107			121			141
Expected return on plan assets	(1,097		)	(970		)	(972		)	(126		)	(136		)	(142		)
Net amortization	336			185			201			(50		)	(35		)	(17		)
Termination benefits	58			27			59			50			18			29
Curtailments	(23		)	(10		)	(86		)	(11		)	(7		)	1
Settlements	23			18			4			—			—			—
Net periodic benefit cost	$	644		$	466		$	543		$	72		$	43		$	122

Obligation and Funded Status

Summarized information about the changes in plan assets and benefit obligation, the funded status and the amounts recorded at December 31 is as follows:



	Pension Benefits						Other Postretirement Benefits
	2013			2012			2013			2012
Fair value of plan assets January 1	$	15,349		$	12,481		$	1,760		$	1,628
Actual return on plan assets	2,524			1,739			199			200
Company contributions	645			1,853			73			48
Effects of exchange rate changes	(84		)	3			—			—
Benefits paid	(780		)	(673		)	(119		)	(115		)
Settlements	(236		)	(75		)	—			—
Other	17			21			—			(1		)
Fair value of plan assets December 31	$	17,435		$	15,349		$	1,913		$	1,760
Benefit obligation January 1	17,646			14,416			2,650			2,529
Service cost	682			555			102			82
Interest cost	665			661			107			121
Actuarial (gains) losses	(1,689		)	2,660			(428		)	88
Benefits paid	(780		)	(673		)	(119		)	(115		)
Effects of exchange rate changes	(21		)	67			(5		)	—
Plan amendments	(225		)	2			(38		)	(86		)
Curtailments	(61		)	(17		)	—			1
Termination benefits	58			27			50			18
Settlements	(236		)	(75		)	—			—
Other	16			23			10			12
Benefit obligation December 31	$	16,055		$	17,646		$	2,329		$	2,650
Funded status December 31	$	1,380		$	(2,297	)	$	(416	)	$	(890	)
Recognized as:
Other assets	$	2,811		$	355		$	—		$	506
Accrued and other current liabilities	(53		)	(50		)	(8		)	(9		)
Other noncurrent liabilities	(1,378		)	(2,602		)	(408		)	(1,387		)

Summary of Changes in Fair Value of Company's Level 3 Pension Plan Assets

The table below provides a summary of the changes in fair value, including transfers in and/or out, of all financial assets measured at fair value using significant unobservable inputs (Level 3) for the Company’s pension plan assets:



	2013												2012
	Insurance Contracts			Real Estate			Other			Total			Insurance Contracts			Real Estate			Other			Total
Balance January 1	$	496		$	141		$	55		$	692		$	428		$	144		$	65		$	637
Actual return on plan assets:
Relating to assets still held at December 31	30			—			1			31			35			20			(2		)	53
Relating to assets sold during the year	1			(1		)	3			3			1			(12		)	5			(6		)
Purchases	18			—			3			21			21			—			4			25
Sales	(2		)	—			(29		)	(31		)	(11		)	(1		)	(14		)	(26		)
Transfers (out of) into Level 3	(3		)	(91		)	—			(94		)	22			(10		)	(3		)	9
Balance December 31	$	540		$	49		$	33		$	622		$	496		$	141		$	55		$	692

Summary of Expected Benefit Payments

Expected benefit payments are as follows:



	Pension Benefits		Other Postretirement Benefits
2014	$	651	$	119
2015	663		129
2016	675		134
2017	699		139
2018	739		145
2019 — 2023	4,440		811

Components of Other Comprehensive Income

The following amounts were reflected as components of OCI:



	Pension Plans									Other Postretirement Benefit Plans
Years Ended December 31	2013			2012			2011			2013			2012			2011
Net gain (loss) arising during the period	$	3,189		$	(1,907	)	$	(1,628	)	$	499		$	(24	)	$	106
Prior service credit (cost) arising during the period	203			(13		)	783			26			78			133
	$	3,392		$	(1,920	)	$	(845	)	$	525		$	54		$	239
Net loss amortization included in benefit cost	$	407		$	256		$	196		$	23		$	31		$	38
Prior service (credit) cost amortization included in benefit cost	(71		)	(71		)	5			(73		)	(66		)	(55		)
	$	336		$	185		$	201		$	(50	)	$	(35	)	$	(17	)

Summary of Weighted Average Assumptions Used in Determining Pension Plan and U.S. Pension and Other Postretirement Benefit Plan Information

The Company reassesses its benefit plan assumptions on a regular basis. The weighted average assumptions used in determining pension plan and U.S. pension and other postretirement benefit plan information are as follows:



	Pension Plans						U.S. Pension and Other Postretirement Benefit Plans
December 31	2013		2012		2011		2013		2012		2011
Net periodic benefit cost
Discount rate	3.90	%	4.70	%	5.20	%	4.10	%	4.80	%	5.40	%
Expected rate of return on plan assets	7.50	%	7.50	%	7.50	%	8.50	%	8.70	%	8.70	%
Salary growth rate	4.20	%	4.00	%	4.20	%	4.50	%	4.50	%	4.50	%
Benefit obligation
Discount rate	4.50	%	3.90	%	4.70	%	5.10	%	4.10	%	4.80	%
Salary growth rate	4.00	%	4.20	%	4.00	%	4.50	%	4.50	%	4.50	%

Summary of Health Care Cost Trend Rate Assumptions for Other Postretirement Benefit Plans

The health care cost trend rate assumptions for other postretirement benefit plans are as follows:



December 31	2013		2012
Health care cost trend rate assumed for next year	7.1	%	7.5	%
Rate to which the cost trend rate is assumed to decline	4.6	%	5.0	%
Year that the trend rate reaches the ultimate trend rate	2027		2018

One Percentage Point Change in Health Care Cost Trend Rate

A one percentage point change in the health care cost trend rate would have had the following effects:



	One Percentage Point
	Increase		Decrease
Effect on total service and interest cost components	$	38	$	(30	)
Effect on benefit obligation	316		(262		)

Pension Plans, Defined Benefit [Member]

Fair Values of Pension Plan and Other Postretirement Benefit Plan Assets

The fair values of the Company’s pension plan assets at December 31 by asset category are as follows:



	Fair Value Measurements Using								Fair Value Measurements Using
	Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	2013								2012
Assets
Cash and cash equivalents	$	88	$	247	$	—	$	335	$	142	$	587	$	—	$	729
Investment funds
Developed markets equities	808		7,643		—		8,451		683		5,986		—		6,669
Emerging markets equities	163		1,036		—		1,199		121		771		—		892
Government and agency obligations	293		1,180		—		1,473		279		720		—		999
Corporate obligations	188		77		—		265		166		94		—		260
Fixed income obligations	17		145		—		162		14		206		—		220
Real estate ⁽¹⁾	4		57		49		110		4		14		141		159
Equity securities
Developed markets	2,546		—		—		2,546		2,277		—		—		2,277
Fixed income securities
Government and agency obligations	2		1,096		—		1,098		2		1,052		—		1,054
Corporate obligations	—		741		—		741		—		1,008		—		1,008
Mortgage and asset-backed securities	—		299		—		299		—		269		—		269
Other investments
Insurance contracts ⁽²⁾	—		128		540		668		—		117		496		613
Derivatives	1		—		—		1		—		162		—		162
Other	—		54		33		87		—		53		55		108
Liabilities
Derivatives	$	—	$	—	$	—	$	—	$	—	$	70	$	—	$	70
	$	4,110	$	12,703	$	622	$	17,435	$	3,688	$	10,969	$	692	$	15,349


⁽¹⁾	The plans’ Level 3 investments in real estate funds are generally valued by market appraisals of the underlying investments in the funds.


⁽²⁾	The plans’ Level 3 investments in insurance contracts are generally valued using a crediting rate that approximates market returns and invest in underlying securities whose market values are unobservable and determined using pricing models, discounted cash flow methodologies, or similar techniques.

Other Postretirement Benefit Plans, Defined Benefit [Member]

Fair Values of Pension Plan and Other Postretirement Benefit Plan Assets

The fair values of the Company’s other postretirement benefit plan assets at December 31 by asset category are as follows:



	Fair Value Measurements Using								Fair Value Measurements Using
	Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	2013								2012
Assets
Cash and cash equivalents	$	47	$	20	$	—	$	67	$	27	$	48	$	—	$	75
Investment funds
Developed markets equities	54		667		—		721		37		501		—		538
Emerging markets equities	36		95		—		131		37		75		—		112
Fixed income obligations	3		14		—		17		3		23		—		26
Equity securities
Developed markets	199		—		—		199		139		—		—		139
Fixed income securities
Government and agency obligations	—		257		—		257		—		298		—		298
Corporate obligations	—		281		—		281		—		310		—		310
Mortgage and asset-backed securities	—		219		—		219		—		238		—		238
Other fixed income obligations	—		21		—		21		—		24		—		24
	$	339	$	1,574	$	—	$	1,913	$	243	$	1,517	$	—	$	1,760