Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Benefit Plan Obligations, Assets, Funded Status, Accumulated Other Comprehensive Income (Loss) and Accumulated Benefit Obligation



	Pension Benefits												Other Postretirement Benefits
	U.S. Plans (1)						Non-U.S. Plans						U.S. Plans						Non-U.S. Plans
	December 31,
	2013			2012			2013			2012			2013			2012			2013			2012
	(In millions)
Change in benefit obligations:
Benefit obligations at January 1,	$	9,480		$	8,327		$	823		$	773		$	2,375		$	2,093		$	43		$	39
Service costs	236			224			67			75			20			21			2			1
Interest costs	389			406			14			17			92			103			2			2
Plan participants’ contributions	—			—			—			—			30			29			—			—
Net actuarial (gains) losses	(1,050		)	999			34			32			(551		)	261			(1		)	4
Acquisition, divestitures and curtailments	—			—			(19		)	(12		)	—			—			(3		)	(3		)
Change in benefits	—			—			—			(1		)	—			—			—			—
Benefits paid	(464		)	(476		)	(41		)	(41		)	(132		)	(132		)	(2		)	(2		)
Effect of foreign currency translation and other	—			—			(134		)	(20		)	—			—			—			2
Benefit obligations at December 31,	8,591			9,480			744			823			1,834			2,375			41			43
Change in plan assets:
Fair value of plan assets at January 1,	7,879			7,108			224			185			1,320			1,240			15			13
Actual return on plan assets	(22		)	740			34			20			58			105			(1		)	2
Acquisition, divestitures and settlements	—			—			(19		)	(11		)	—			—			(3		)	(3		)
Plan participants’ contributions	—			—			—			—			30			29			—			—
Employer contributions	383			507			83			74			76			78			5			4
Benefits paid	(464		)	(476		)	(41		)	(41		)	(132		)	(132		)	(2		)	(2		)
Effect of foreign currency translation	—			—			(33		)	(3		)	—			—			—			1
Fair value of plan assets at December 31,	7,776			7,879			248			224			1,352			1,320			14			15
Over (under) funded status at December 31,	$	(815	)	$	(1,601	)	$	(496	)	$	(599	)	$	(482	)	$	(1,055	)	$	(27	)	$	(28	)
Amounts recognized in the consolidated balance sheets consist of:
Other assets	$	223		$	—		$	7		$	6		$	—		$	—		$	—		$	—
Other liabilities	(1,038		)	(1,601		)	(503		)	(605		)	(482		)	(1,055		)	(27		)	(28		)
Net amount recognized	$	(815	)	$	(1,601	)	$	(496	)	$	(599	)	$	(482	)	$	(1,055	)	$	(27	)	$	(28	)
AOCI:
Net actuarial (gains) losses	$	2,274		$	3,047		$	28		$	27		$	211		$	799		$	2		$	3
Prior service costs (credit)	18			24			2			2			1			(74		)	1			1
AOCI, before income tax	$	2,292		$	3,071		$	30		$	29		$	212		$	725		$	3		$	4
Accumulated benefit obligation	$	8,104		$	8,866		$	636		$	724		N/A			N/A			N/A			N/A

_____________


(1)	Includes non-qualified unfunded plans, for which the aggregate projected benefit obligation was $1.0 billion and $1.1 billion at December 31, 2013 and 2012, respectively.

Benefit Plan Obligations, Assets, Funded Status, Accumulated Other Comprehensive Income (Loss) and Accumulated Benefit Obligation



	Pension Benefits												Other Postretirement Benefits
	U.S. Plans (1)						Non-U.S. Plans						U.S. Plans						Non-U.S. Plans
	December 31,
	2013			2012			2013			2012			2013			2012			2013			2012
	(In millions)
Change in benefit obligations:
Benefit obligations at January 1,	$	9,480		$	8,327		$	823		$	773		$	2,375		$	2,093		$	43		$	39
Service costs	236			224			67			75			20			21			2			1
Interest costs	389			406			14			17			92			103			2			2
Plan participants’ contributions	—			—			—			—			30			29			—			—
Net actuarial (gains) losses	(1,050		)	999			34			32			(551		)	261			(1		)	4
Acquisition, divestitures and curtailments	—			—			(19		)	(12		)	—			—			(3		)	(3		)
Change in benefits	—			—			—			(1		)	—			—			—			—
Benefits paid	(464		)	(476		)	(41		)	(41		)	(132		)	(132		)	(2		)	(2		)
Effect of foreign currency translation and other	—			—			(134		)	(20		)	—			—			—			2
Benefit obligations at December 31,	8,591			9,480			744			823			1,834			2,375			41			43
Change in plan assets:
Fair value of plan assets at January 1,	7,879			7,108			224			185			1,320			1,240			15			13
Actual return on plan assets	(22		)	740			34			20			58			105			(1		)	2
Acquisition, divestitures and settlements	—			—			(19		)	(11		)	—			—			(3		)	(3		)
Plan participants’ contributions	—			—			—			—			30			29			—			—
Employer contributions	383			507			83			74			76			78			5			4
Benefits paid	(464		)	(476		)	(41		)	(41		)	(132		)	(132		)	(2		)	(2		)
Effect of foreign currency translation	—			—			(33		)	(3		)	—			—			—			1
Fair value of plan assets at December 31,	7,776			7,879			248			224			1,352			1,320			14			15
Over (under) funded status at December 31,	$	(815	)	$	(1,601	)	$	(496	)	$	(599	)	$	(482	)	$	(1,055	)	$	(27	)	$	(28	)
Amounts recognized in the consolidated balance sheets consist of:
Other assets	$	223		$	—		$	7		$	6		$	—		$	—		$	—		$	—
Other liabilities	(1,038		)	(1,601		)	(503		)	(605		)	(482		)	(1,055		)	(27		)	(28		)
Net amount recognized	$	(815	)	$	(1,601	)	$	(496	)	$	(599	)	$	(482	)	$	(1,055	)	$	(27	)	$	(28	)
AOCI:
Net actuarial (gains) losses	$	2,274		$	3,047		$	28		$	27		$	211		$	799		$	2		$	3
Prior service costs (credit)	18			24			2			2			1			(74		)	1			1
AOCI, before income tax	$	2,292		$	3,071		$	30		$	29		$	212		$	725		$	3		$	4
Accumulated benefit obligation	$	8,104		$	8,866		$	636		$	724		N/A			N/A			N/A			N/A

_____________


(1)	Includes non-qualified unfunded plans, for which the aggregate projected benefit obligation was $1.0 billion and $1.1 billion at December 31, 2013 and 2012, respectively.

Benefit Plan Obligations, Assets, Funded Status, Accumulated Other Comprehensive Income (Loss) and Accumulated Benefit Obligation



	Pension Benefits												Other Postretirement Benefits
	U.S. Plans (1)						Non-U.S. Plans						U.S. Plans						Non-U.S. Plans
	December 31,
	2013			2012			2013			2012			2013			2012			2013			2012
	(In millions)
Change in benefit obligations:
Benefit obligations at January 1,	$	9,480		$	8,327		$	823		$	773		$	2,375		$	2,093		$	43		$	39
Service costs	236			224			67			75			20			21			2			1
Interest costs	389			406			14			17			92			103			2			2
Plan participants’ contributions	—			—			—			—			30			29			—			—
Net actuarial (gains) losses	(1,050		)	999			34			32			(551		)	261			(1		)	4
Acquisition, divestitures and curtailments	—			—			(19		)	(12		)	—			—			(3		)	(3		)
Change in benefits	—			—			—			(1		)	—			—			—			—
Benefits paid	(464		)	(476		)	(41		)	(41		)	(132		)	(132		)	(2		)	(2		)
Effect of foreign currency translation and other	—			—			(134		)	(20		)	—			—			—			2
Benefit obligations at December 31,	8,591			9,480			744			823			1,834			2,375			41			43
Change in plan assets:
Fair value of plan assets at January 1,	7,879			7,108			224			185			1,320			1,240			15			13
Actual return on plan assets	(22		)	740			34			20			58			105			(1		)	2
Acquisition, divestitures and settlements	—			—			(19		)	(11		)	—			—			(3		)	(3		)
Plan participants’ contributions	—			—			—			—			30			29			—			—
Employer contributions	383			507			83			74			76			78			5			4
Benefits paid	(464		)	(476		)	(41		)	(41		)	(132		)	(132		)	(2		)	(2		)
Effect of foreign currency translation	—			—			(33		)	(3		)	—			—			—			1
Fair value of plan assets at December 31,	7,776			7,879			248			224			1,352			1,320			14			15
Over (under) funded status at December 31,	$	(815	)	$	(1,601	)	$	(496	)	$	(599	)	$	(482	)	$	(1,055	)	$	(27	)	$	(28	)
Amounts recognized in the consolidated balance sheets consist of:
Other assets	$	223		$	—		$	7		$	6		$	—		$	—		$	—		$	—
Other liabilities	(1,038		)	(1,601		)	(503		)	(605		)	(482		)	(1,055		)	(27		)	(28		)
Net amount recognized	$	(815	)	$	(1,601	)	$	(496	)	$	(599	)	$	(482	)	$	(1,055	)	$	(27	)	$	(28	)
AOCI:
Net actuarial (gains) losses	$	2,274		$	3,047		$	28		$	27		$	211		$	799		$	2		$	3
Prior service costs (credit)	18			24			2			2			1			(74		)	1			1
AOCI, before income tax	$	2,292		$	3,071		$	30		$	29		$	212		$	725		$	3		$	4
Accumulated benefit obligation	$	8,104		$	8,866		$	636		$	724		N/A			N/A			N/A			N/A

_____________


(1)	Includes non-qualified unfunded plans, for which the aggregate projected benefit obligation was $1.0 billion and $1.1 billion at December 31, 2013 and 2012, respectively.

Accumulated benefit obligations in excess of fair value of plan assets

The aggregate pension accumulated benefit obligation and aggregate fair value of plan assets for pension benefit plans with accumulated benefit obligations in excess of plan assets was as follows:



	Pension Benefits
	U.S. Plans				Non-U.S. Plans
	December 31,
	2013		2012		2013		2012
	(In millions)
Projected benefit obligations	$	1,037	$	1,323	$	644	$	690
Accumulated benefit obligations	$	927	$	1,166	$	579	$	651
Fair value of plan assets	$	—	$	157	$	167	$	144

Defined benefit plan pension plans with projected benefit obligations in excess of plan assets

Information for pension and other postretirement benefit plans with a projected benefit obligation in excess of plan assets were as follows:



	Pension Benefits								Other Postretirement Benefits
	U.S. Plans				Non-U.S. Plans				U.S. Plans				Non-U.S. Plans
	December 31,
	2013		2012		2013		2012		2013		2012		2013		2012
	(In millions)
Projected benefit obligations	$	1,170	$	9,480	$	701	$	763	$	1,834	$	2,375	$	41	$	43
Fair value of plan assets	$	133	$	7,879	$	199	$	188	$	1,352	$	1,320	$	14	$	15

Net periodic benefit costs and other changes in plan assets and benefit obligations recognized in other comprehensive income (loss)

The components of net periodic benefit costs and other changes in plan assets and benefit obligations recognized in OCI were as follows:



	Pension Benefits																		Other Postretirement Benefits
	U.S. Plans									Non-U.S. Plans									U.S. Plans									Non-U.S. Plans
	Years Ended December 31,
	2013			2012			2011			2013			2012			2011			2013			2012			2011			2013			2012			2011
	(In millions)
Net periodic benefit costs:
Service costs	$	236		$	224		$	187		$	67		$	75		$	64		$	20		$	21		$	16		$	2		$	1		$	1
Interest costs	389			406			404			14			17			16			92			103			106			2			2			2
Settlement and curtailment costs	—			—			—			(2		)	—			—			—			—			—			1			1			1
Expected return on plan assets	(483		)	(484		)	(448		)	(6		)	(6		)	(6		)	(75		)	(77		)	(76		)	(1		)	(1		)	(1		)
Amortization of net actuarial (gains) losses	228			195			194			—			—			—			55			57			43			—			—			—
Amortization of prior service costs (credit)	6			6			4			—			—			—			(75		)	(104		)	(108		)	—			—			—
Total net periodic benefit costs (credit)	376			347			341			73			86			74			17			—			(19		)	4			3			3
Other changes in plan assets and benefit obligations recognized in OCI:
Net actuarial (gains) losses	(545		)	744			575			1			18			34			(533		)	234			262			1			2			5
Prior service costs (credit)	—			—			17			—			(1		)	—			—			—			—			—			(1		)	—
Amortization of net actuarial gains (losses)	(228		)	(195		)	(194		)	—			—			—			(55		)	(57		)	(43		)	(2		)	—			—
Amortization of prior service (costs) credit	(6		)	(6		)	(4		)	—			—			—			75			104			108			—			—			—
Total recognized in OCI	(779		)	543			394			1			17			34			(513		)	281			327			(1		)	1			5
Total recognized in net periodic benefit costs and OCI	$	(403	)	$	890		$	735		$	74		$	103		$	108		$	(496	)	$	281		$	308		$	3		$	4		$	8

Net periodic benefit costs and other changes in plan assets and benefit obligations recognized in other comprehensive income (loss)

The components of net periodic benefit costs and other changes in plan assets and benefit obligations recognized in OCI were as follows:



	Pension Benefits																		Other Postretirement Benefits
	U.S. Plans									Non-U.S. Plans									U.S. Plans									Non-U.S. Plans
	Years Ended December 31,
	2013			2012			2011			2013			2012			2011			2013			2012			2011			2013			2012			2011
	(In millions)
Net periodic benefit costs:
Service costs	$	236		$	224		$	187		$	67		$	75		$	64		$	20		$	21		$	16		$	2		$	1		$	1
Interest costs	389			406			404			14			17			16			92			103			106			2			2			2
Settlement and curtailment costs	—			—			—			(2		)	—			—			—			—			—			1			1			1
Expected return on plan assets	(483		)	(484		)	(448		)	(6		)	(6		)	(6		)	(75		)	(77		)	(76		)	(1		)	(1		)	(1		)
Amortization of net actuarial (gains) losses	228			195			194			—			—			—			55			57			43			—			—			—
Amortization of prior service costs (credit)	6			6			4			—			—			—			(75		)	(104		)	(108		)	—			—			—
Total net periodic benefit costs (credit)	376			347			341			73			86			74			17			—			(19		)	4			3			3
Other changes in plan assets and benefit obligations recognized in OCI:
Net actuarial (gains) losses	(545		)	744			575			1			18			34			(533		)	234			262			1			2			5
Prior service costs (credit)	—			—			17			—			(1		)	—			—			—			—			—			(1		)	—
Amortization of net actuarial gains (losses)	(228		)	(195		)	(194		)	—			—			—			(55		)	(57		)	(43		)	(2		)	—			—
Amortization of prior service (costs) credit	(6		)	(6		)	(4		)	—			—			—			75			104			108			—			—			—
Total recognized in OCI	(779		)	543			394			1			17			34			(513		)	281			327			(1		)	1			5
Total recognized in net periodic benefit costs and OCI	$	(403	)	$	890		$	735		$	74		$	103		$	108		$	(496	)	$	281		$	308		$	3		$	4		$	8

Assumptions used in determining benefit obligations and net periodic benefit costs

Assumptions used in determining benefit obligations were as follows:



	Pension Benefits								Other Postretirement Benefits
	U.S. Plans				Non-U.S. Plans (1)				U.S. Plans	Non-U.S. Plans (1)
December 31, 2013:
Weighted average discount rate	5.15%				1.94%				5.15%	6.47%
Rate of compensation increase	3.50	%	-	7.50%	2.00	%	-	5.50%	N/A	N/A
December 31, 2012:
Weighted average discount rate	4.20%				1.98%				4.20%	4.94%
Rate of compensation increase	3.50	%	-	7.50%	2.01	%	-	5.50%	N/A	N/A

______________


(1)	Reflects those assumptions that were most appropriate for the local economic environments of each of the Subsidiaries providing such benefits.

Assumptions used in determining net periodic benefit costs were as follows:



	Pension Benefits								Other Postretirement Benefits
	U.S. Plans				Non-U.S. Plans (1)				U.S. Plans	Non-U.S. Plans (1)
Year Ended December 31, 2013:
Weighted average discount rate	4.20%				1.98%				4.20%	5.01%
Weighted average expected rate of return on plan assets	6.25%				2.07%				5.76%	7.25%
Rate of compensation increase	3.50	%	-	7.50%	1.50	%	-	5.50%	N/A	N/A
Year Ended December 31, 2012:
Weighted average discount rate	4.95%				2.35%				4.95%	5.78%
Weighted average expected rate of return on plan assets	7.00%				3.35%				6.26%	6.54%
Rate of compensation increase	3.50	%	-	7.50%	2.00	%	-	4.00%	N/A	N/A
Year Ended December 31, 2011:
Weighted average discount rate	5.80%				2.40%				5.80%	6.34%
Weighted average expected rate of return on plan assets	7.25%				3.19%				7.25%	7.01%
Rate of compensation increase	3.50	%	-	7.50%	3.00	%	-	5.50%	N/A	N/A

______________


(1)	Reflects those assumptions that were most appropriate for the local economic environments of each of the Subsidiaries providing such benefits.

Assumed healthcare costs trend rates

The assumed healthcare costs trend rates used in measuring the APBO and net periodic benefit costs were as follows:



	December 31,
	2013	2012
Pre-and Post-Medicare eligible claims	6.4% in 2014, gradually decreasing each year until 2094 reaching the ultimate rate of 4.4% for Pre-Medicare and 4.6% for Post-Medicare.	7.8% in 2013, gradually decreasing each year until 2094 reaching the ultimate rate of 4.4% for Pre-Medicare and 4.6% for Post-Medicare.

One-percentage point change in assumed healthcare cost trend rates

Assumed healthcare costs trend rates may have a significant effect on the amounts reported for healthcare plans. A 1% change in assumed healthcare costs trend rates would have the following effects as of December 31, 2013:



	U.S. Plans					Non-U.S. Plans
	One Percent Increase		One Percent Decrease			One Percent Increase		One Percent Decrease
	(In millions)
Effect on total of service and interest costs components	$	16	$	(13	)	$	—	$	—
Effect of accumulated postretirement benefit obligations	$	235	$	(193	)	$	1	$	(1	)

Plan Assets

The table below summarizes the actual weighted average allocation of the fair value of total plan assets by asset class at December 31 for the years indicated and the approved target allocation by major asset class at December 31, 2013 for the plans:



	Pension						Other Postretirement
			Actual Allocation						Actual Allocation
	Target		2013		2012		Target		2013		2012
Asset Class:
Fixed maturity securities (1)	76	%	50	%	54	%	100	%	100	%	100	%
Equity securities (2)	17	%	33	%	24	%	—	%	—	%	—	%
Alternative securities (3)	7	%	17	%	22	%	—	%	—	%	—	%
Total assets			100	%	100	%			100	%	100	%

______________


(1)	Fixed maturity securities include corporate and foreign bonds.


(2)	Equity securities primarily include common stock of non-U.S. companies.


(3)	Alternative securities include derivative assets, real estate, short-term investments, and other investments.

The pension and postretirement plan assets measured at estimated fair value on a recurring basis were determined as described in “— Plan Assets.” These estimated fair values and their corresponding placement in the fair value hierarchy are summarized as follows:



	December 31, 2013
	Pension Benefits								Other Postretirement Benefits
	Fair Value Hierarchy								Fair Value Hierarchy
	Level 1		Level 2		Level 3		Total Estimated Fair Value		Level 1		Level 2		Level 3		Total Estimated Fair Value
	(In millions)
Assets
Fixed maturity securities:
Corporate	$	—	$	27	$	—	$	27	$	—	$	—	$	—	$	—
Foreign bonds	—		96		—		96		—		14		—		14
Total fixed maturity securities	—		123		—		123		—		14		—		14
Equity securities:
Common stock - foreign	—		83		—		83		—		—		—		—
Other investments	32		—		—		32		—		—		—		—
Derivative assets	—		—		2		2		—		—		—		—
Real estate	—		—		2		2		—		—		—		—
Short-term investments	—		6		—		6		—		—		—		—
Total assets	$	32	$	212	$	4	$	248	$	—	$	14	$	—	$	14



	December 31, 2012
	Pension Benefits								Other Postretirement Benefits
	Fair Value Hierarchy								Fair Value Hierarchy
	Level 1		Level 2		Level 3		Total Estimated Fair Value		Level 1		Level 2		Level 3		Total Estimated Fair Value
	(In millions)
Assets
Fixed maturity securities:
Foreign bonds	$	—	$	120	$	—	$	120	$	—	$	15	$	—	$	15
Equity securities:
Common stock - foreign	—		54		—		54		—		—		—		—
Other investments	24		—		—		24		—		—		—		—
Derivative assets	—		—		13		13		—		—		—		—
Real estate	—		—		7		7		—		—		—		—
Short-term investments	—		6		—		6		—		—		—		—
Total assets	$	24	$	180	$	20	$	224	$	—	$	15	$	—	$	15



	Pension						Postretirement Medical						Postretirement Life
	Target		Actual Allocation				Target		Actual Allocation				Target		Actual Allocation
	Target		2013		2012		Target		2013		2012		Target		2013		2012
Asset Class:
Fixed maturity securities (1)	75	%	64	%	69	%	70	%	52	%	63	%	—	%	—	%	—	%
Equity securities (2)	12	%	23	%	21	%	30	%	47	%	37	%	—	%	—	%	—	%
Alternative securities (3)	13	%	13	%	10	%	—	%	1	%	—	%	100	%	100	%	100	%
Total assets			100	%	100	%			100	%	100	%			100	%	100	%

______________


(1)	Fixed maturity securities include primarily ABS, collateralized mortgage obligations, corporate, federal agency, foreign bonds, mortgage-backed securities, municipals, preferred stocks and U.S. government bonds.


(2)	Equity securities primarily include common stock of U.S. companies.


(3)	Alternative securities primarily include derivative assets, money market securities, short-term investments and other investments. Postretirement life’s target and actual allocation of plan assets are all in short-term investments.



	December 31, 2013
	Pension Benefits								Other Postretirement Benefits
	Fair Value Hierarchy								Fair Value Hierarchy
	Level 1		Level 2		Level 3		Total Estimated Fair Value		Level 1		Level 2		Level 3		Total Estimated Fair Value
	(In millions)
Assets
Fixed maturity securities:
Corporate	$	—	$	2,073	$	59	$	2,132	$	—	$	170	$	1	$	171
U.S. government bonds	924		166		—		1,090		135		5		—		140
Foreign bonds	—		718		11		729		—		63		—		63
Federal agencies	—		292		—		292		—		33		—		33
Municipals	—		219		—		219		—		15		—		15
Other (1)	—		490		19		509		—		54		—		54
Total fixed maturity securities	924		3,958		89		4,971		135		340		1		476
Equity securities:
Common stock - domestic	1,133		22		148		1,303		328		—		—		328
Common stock - foreign	460		—		—		460		102		—		—		102
Total equity securities	1,593		22		148		1,763		430		—		—		430
Other investments	—		—		600		600		—		—		—		—
Short-term investments	53		309		—		362		—		439		—		439
Money market securities	1		12		—		13		4		—		—		4
Derivative assets	17		15		35		67		—		3		—		3
Total assets	$	2,588	$	4,316	$	872	$	7,776	$	569	$	782	$	1	$	1,352



	December 31, 2012
	Pension Benefits								Other Postretirement Benefits
	Fair Value Hierarchy								Fair Value Hierarchy
	Level 1		Level 2		Level 3		Total Estimated Fair Value		Level 1		Level 2		Level 3		Total Estimated Fair Value
	(In millions)
Assets
Fixed maturity securities:
Corporate	$	—	$	2,260	$	19	$	2,279	$	—	$	165	$	4	$	169
U.S. government bonds	1,153		160		—		1,313		175		3		—		178
Foreign bonds	—		761		8		769		—		51		—		51
Federal agencies	1		335		—		336		—		26		—		26
Municipals	—		258		—		258		—		70		1		71
Other (1)	—		490		7		497		—		55		3		58
Total fixed maturity securities	1,154		4,264		34		5,452		175		370		8		553
Equity securities:
Common stock - domestic	1,092		38		137		1,267		249		1		—		250
Common stock - foreign	362		—		—		362		83		—		—		83
Total equity securities	1,454		38		137		1,629		332		1		—		333
Other investments	—		117		447		564		—		—		—		—
Short-term investments	—		214		—		214		—		432		—		432
Money market securities	2		10		—		12		1		—		—		1
Derivative assets	—		7		1		8		—		1		—		1
Total assets	$	2,610	$	4,650	$	619	$	7,879	$	508	$	804	$	8	$	1,320

______________


(1)	Other primarily includes mortgage-backed securities, collateralized mortgage obligations and ABS.

Rollforward fair value measurement using significant unobservable outputs (level 3)

A rollforward of all pension benefit plan assets measured at estimated fair value on a recurring basis using significant unobservable (Level 3) inputs was as follows:



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Pension Benefits
	Years Ended December 31,
	2013						2012						2011
	Derivative Assets			Real Estate			Derivative Assets			Real Estate			Derivative Assets		Real Estate
	(In millions)
Balance at January 1,	$	13		$	7		$	13		$	8		$	11	$	8
Realized gains (losses)	(2		)	(1		)	(1		)	(1		)	—		—
Unrealized gains (losses)	3			1			1			—			2		—
Purchases, sales, issuances, and settlements, net	(12		)	(5		)	—			—			—		—
Balance at December 31,	$	2		$	2		$	13		$	7		$	13	$	8

A rollforward of all pension and other postretirement benefit plan assets measured at estimated fair value on a recurring basis using significant unobservable (Level 3) inputs was as follows:



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Pension Benefits
	Fixed Maturity Securities:								Equity Securities:
	Corporate			Foreign Bonds			Other (1)		Common Stock - Domestic			Other Investments			Derivative Assets
	(In millions)
Year Ended December 31, 2013:
Balance at January 1,	$	19		$	8		$	7	$	137		$	447		$	1
Realized gains (losses)	—			—			—		(1		)	—			(3		)
Unrealized gains (losses)	(2		)	1			—		9			59			(18		)
Purchases, sales, issuances and settlements, net	19			(3		)	11		3			(62		)	55
Transfers into and/or out of Level 3	23			5			1		—			156			—
Balance at December 31,	$	59		$	11		$	19	$	148		$	600		$	35



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Other Postretirement Benefits
	Fixed Maturity Securities:
	Corporate			Municipals			Other (1)
	(In millions)
Year Ended December 31, 2013:
Balance at January 1,	$	4		$	1		$	3
Realized gains (losses)	—			—			(3		)
Unrealized gains (losses)	—			—			4
Purchases, sales, issuances and settlements, net	(3		)	(1		)	(4		)
Transfers into and/or out of Level 3	—			—			—
Balance at December 31,	$	1		$	—		$	—



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Pension Benefits
	Fixed Maturity Securities:								Equity Securities:
	Corporate			Foreign Bonds			Other (1)		Common Stock - Domestic			Other Investments			Derivative Assets
	(In millions)
Year Ended December 31, 2012:
Balance at January 1,	$	32		$	5		$	2	$	206		$	531		$	4
Realized gains (losses)	—			—			—		(27		)	55			6
Unrealized gains (losses)	(1		)	8			—		10			(36		)	(7		)
Purchases, sales, issuances and settlements, net	(12		)	(5		)	5		(52		)	(103		)	(2		)
Transfers into and/or out of Level 3	—			—			—		—			—			—
Balance at December 31,	$	19		$	8		$	7	$	137		$	447		$	1



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Other Postretirement Benefits
	Fixed Maturity Securities:
	Corporate		Municipals		Other (1)			Derivative Assets
	(In millions)
Year Ended December 31, 2012:
Balance at January 1,	$	4	$	1	$	5		$	1
Realized gains (losses)	—		—		(2		)	2
Unrealized gains (losses)	—		—		2			(2		)
Purchases, sales, issuances and settlements, net	—		—		(2		)	(1		)
Transfers into and/or out of Level 3	—		—		—			—
Balance at December 31,	$	4	$	1	$	3		$	—



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Pension Benefits
	Fixed Maturity Securities:									Equity Securities:
	Corporate			Foreign Bonds			Other (1)			Common Stock - Domestic			Other Investments			Derivative Assets
	(In millions)
Year Ended December 31, 2011:
Balance at January 1,	$	49		$	4		$	2		$	240		$	471		$	—
Realized gains (losses)	—			—			(1		)	(59		)	85			2
Unrealized gains (losses)	(4		)	(1		)	1			118			45			4
Purchases, sales, issuances and settlements, net	(13		)	2			(1		)	(93		)	(70		)	(2		)
Transfers into and/or out of Level 3	—			—			1			—			—			—
Balance at December 31,	$	32		$	5		$	2		$	206		$	531		$	4



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Other Postretirement Benefits
	Fixed Maturity Securities:
	Corporate		Municipals		Other (1)			Derivative Assets
	(In millions)
Year Ended December 31, 2011:
Balance at January 1,	$	4	$	1	$	6		$	—
Realized gains (losses)	—		—		(1		)	—
Unrealized gains (losses)	—		—		1			1
Purchases, sales, issuances and settlements, net	—		—		(1		)	—
Transfers into and/or out of Level 3	—		—		—			—
Balance at December 31,	$	4	$	1	$	5		$	1

______________


(1)	Other includes ABS and collateralized mortgage obligations.

Defined benefit plan estimated future benefit payments

Gross benefit payments for the next 10 years, which reflect expected future service where appropriate, are expected to be as follows:



	Pension Benefits				Other Postretirement Benefits
	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
	(In millions)
2014	$	461	$	35	$	84	$	4
2015	$	474	$	38	$	86	$	4
2016	$	487	$	42	$	86	$	4
2017	$	515	$	42	$	89	$	4
2018	$	524	$	45	$	93	$	4
2019-2023	$	2,928	$	263	$	522	$	16