Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

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



	December 31,
	2014												2013
	Pension Benefits						Other Postretirement Benefits						Pension Benefits						Other Postretirement Benefits
	U.S. Plans (1)			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans (1)			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
	(In millions)
Change in benefit obligations
Benefit obligations at January 1,	$	8,591		$	744		$	1,834		$	41		$	9,480		$	823		$	2,375		$	43
Service costs	200			62			14			2			236			67			20			2
Interest costs	437			19			92			2			389			14			92			2
Plan participants’ contributions	—			—			30			—			—			—			30			—
Net actuarial (gains) losses	1,551			56			264			—			(1,050		)	34			(551		)	(1		)
Acquisition, divestitures, settlements and curtailments	(13		)	(5		)	(6		)	1			—			(19		)	—			(3		)
Change in benefits	(4		)	—			(9		)	—			—			—			—			—
Benefits paid	(500		)	(36		)	(109		)	(7		)	(464		)	(41		)	(132		)	(2		)
Effect of foreign currency translation	—			(101		)	—			(4		)	—			(134		)	—			—
Benefit obligations at December 31,	10,262			739			2,110			35			8,591			744			1,834			41
Change in plan assets
Fair value of plan assets at January 1,	7,776			248			1,352			14			7,879			224			1,320			15
Actual return on plan assets	1,084			24			112			—			(22		)	34			58			(1		)
Acquisition, divestitures and settlements	—			(10		)	—			—			—			(19		)	—			(3		)
Plan participants’ contributions	—			—			30			—			—			—			30			—
Employer contributions	390			60			41			3			383			83			76			5
Benefits paid	(500		)	(36		)	(109		)	(7		)	(464		)	(41		)	(132		)	(2		)
Effect of foreign currency translation	—			(33		)	—			—			—			(33		)	—			—
Fair value of plan assets at December 31,	8,750			253			1,426			10			7,776			248			1,352			14
Over (under) funded status at December 31,	$	(1,512	)	$	(486	)	$	(684	)	$	(25	)	$	(815	)	$	(496	)	$	(482	)	$	(27	)
Amounts recognized in the consolidated balance sheets
Other assets	$	—		$	7		$	—		$	1		$	223		$	7		$	—		$	—
Other liabilities	(1,512		)	(493		)	(684		)	(26		)	(1,038		)	(503		)	(482		)	(27		)
Net amount recognized	$	(1,512	)	$	(486	)	$	(684	)	$	(25	)	$	(815	)	$	(496	)	$	(482	)	$	(27	)
AOCI
Net actuarial (gains) losses	$	3,034		$	59		$	422		$	3		$	2,274		$	28		$	211		$	2
Prior service costs (credit)	(2		)	1			(11		)	1			18			2			1			1
AOCI, before income tax	$	3,032		$	60		$	411		$	4		$	2,292		$	30		$	212		$	3
Accumulated benefit obligation	$	9,729		$	626		N/A			N/A			$	8,104		$	636		N/A			N/A

_____________


(1)	Includes non-qualified unfunded plans, for which the aggregate PBO was $1.3 billion and $1.0 billion at December 31, 2014 and 2013, respectively.

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



	December 31,
	2014												2013
	Pension Benefits						Other Postretirement Benefits						Pension Benefits						Other Postretirement Benefits
	U.S. Plans (1)			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans (1)			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
	(In millions)
Change in benefit obligations
Benefit obligations at January 1,	$	8,591		$	744		$	1,834		$	41		$	9,480		$	823		$	2,375		$	43
Service costs	200			62			14			2			236			67			20			2
Interest costs	437			19			92			2			389			14			92			2
Plan participants’ contributions	—			—			30			—			—			—			30			—
Net actuarial (gains) losses	1,551			56			264			—			(1,050		)	34			(551		)	(1		)
Acquisition, divestitures, settlements and curtailments	(13		)	(5		)	(6		)	1			—			(19		)	—			(3		)
Change in benefits	(4		)	—			(9		)	—			—			—			—			—
Benefits paid	(500		)	(36		)	(109		)	(7		)	(464		)	(41		)	(132		)	(2		)
Effect of foreign currency translation	—			(101		)	—			(4		)	—			(134		)	—			—
Benefit obligations at December 31,	10,262			739			2,110			35			8,591			744			1,834			41
Change in plan assets
Fair value of plan assets at January 1,	7,776			248			1,352			14			7,879			224			1,320			15
Actual return on plan assets	1,084			24			112			—			(22		)	34			58			(1		)
Acquisition, divestitures and settlements	—			(10		)	—			—			—			(19		)	—			(3		)
Plan participants’ contributions	—			—			30			—			—			—			30			—
Employer contributions	390			60			41			3			383			83			76			5
Benefits paid	(500		)	(36		)	(109		)	(7		)	(464		)	(41		)	(132		)	(2		)
Effect of foreign currency translation	—			(33		)	—			—			—			(33		)	—			—
Fair value of plan assets at December 31,	8,750			253			1,426			10			7,776			248			1,352			14
Over (under) funded status at December 31,	$	(1,512	)	$	(486	)	$	(684	)	$	(25	)	$	(815	)	$	(496	)	$	(482	)	$	(27	)
Amounts recognized in the consolidated balance sheets
Other assets	$	—		$	7		$	—		$	1		$	223		$	7		$	—		$	—
Other liabilities	(1,512		)	(493		)	(684		)	(26		)	(1,038		)	(503		)	(482		)	(27		)
Net amount recognized	$	(1,512	)	$	(486	)	$	(684	)	$	(25	)	$	(815	)	$	(496	)	$	(482	)	$	(27	)
AOCI
Net actuarial (gains) losses	$	3,034		$	59		$	422		$	3		$	2,274		$	28		$	211		$	2
Prior service costs (credit)	(2		)	1			(11		)	1			18			2			1			1
AOCI, before income tax	$	3,032		$	60		$	411		$	4		$	2,292		$	30		$	212		$	3
Accumulated benefit obligation	$	9,729		$	626		N/A			N/A			$	8,104		$	636		N/A			N/A

_____________


(1)	Includes non-qualified unfunded plans, for which the aggregate PBO was $1.3 billion and $1.0 billion at December 31, 2014 and 2013, respectively.

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



	December 31,
	2014												2013
	Pension Benefits						Other Postretirement Benefits						Pension Benefits						Other Postretirement Benefits
	U.S. Plans (1)			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans (1)			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
	(In millions)
Change in benefit obligations
Benefit obligations at January 1,	$	8,591		$	744		$	1,834		$	41		$	9,480		$	823		$	2,375		$	43
Service costs	200			62			14			2			236			67			20			2
Interest costs	437			19			92			2			389			14			92			2
Plan participants’ contributions	—			—			30			—			—			—			30			—
Net actuarial (gains) losses	1,551			56			264			—			(1,050		)	34			(551		)	(1		)
Acquisition, divestitures, settlements and curtailments	(13		)	(5		)	(6		)	1			—			(19		)	—			(3		)
Change in benefits	(4		)	—			(9		)	—			—			—			—			—
Benefits paid	(500		)	(36		)	(109		)	(7		)	(464		)	(41		)	(132		)	(2		)
Effect of foreign currency translation	—			(101		)	—			(4		)	—			(134		)	—			—
Benefit obligations at December 31,	10,262			739			2,110			35			8,591			744			1,834			41
Change in plan assets
Fair value of plan assets at January 1,	7,776			248			1,352			14			7,879			224			1,320			15
Actual return on plan assets	1,084			24			112			—			(22		)	34			58			(1		)
Acquisition, divestitures and settlements	—			(10		)	—			—			—			(19		)	—			(3		)
Plan participants’ contributions	—			—			30			—			—			—			30			—
Employer contributions	390			60			41			3			383			83			76			5
Benefits paid	(500		)	(36		)	(109		)	(7		)	(464		)	(41		)	(132		)	(2		)
Effect of foreign currency translation	—			(33		)	—			—			—			(33		)	—			—
Fair value of plan assets at December 31,	8,750			253			1,426			10			7,776			248			1,352			14
Over (under) funded status at December 31,	$	(1,512	)	$	(486	)	$	(684	)	$	(25	)	$	(815	)	$	(496	)	$	(482	)	$	(27	)
Amounts recognized in the consolidated balance sheets
Other assets	$	—		$	7		$	—		$	1		$	223		$	7		$	—		$	—
Other liabilities	(1,512		)	(493		)	(684		)	(26		)	(1,038		)	(503		)	(482		)	(27		)
Net amount recognized	$	(1,512	)	$	(486	)	$	(684	)	$	(25	)	$	(815	)	$	(496	)	$	(482	)	$	(27	)
AOCI
Net actuarial (gains) losses	$	3,034		$	59		$	422		$	3		$	2,274		$	28		$	211		$	2
Prior service costs (credit)	(2		)	1			(11		)	1			18			2			1			1
AOCI, before income tax	$	3,032		$	60		$	411		$	4		$	2,292		$	30		$	212		$	3
Accumulated benefit obligation	$	9,729		$	626		N/A			N/A			$	8,104		$	636		N/A			N/A

_____________


(1)	Includes non-qualified unfunded plans, for which the aggregate PBO was $1.3 billion and $1.0 billion at December 31, 2014 and 2013, 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 at:



	December 31,
	2014				2013
	Pension Benefits
	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
	(In millions)
Projected benefit obligations	$	1,981	$	634	$	1,037	$	644
Accumulated benefit obligations	$	1,789	$	573	$	927	$	579
Fair value of plan assets	$	676	$	177	$	—	$	167

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

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



	December 31,
	2014								2013
	Pension Benefits				Other Postretirement Benefits				Pension Benefits				Other Postretirement Benefits
	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
	(In millions)
Projected benefit obligations	$	10,241	$	703	$	2,110	$	35	$	1,170	$	701	$	1,834	$	41
Fair value of plan assets	$	8,719	$	212	$	1,426	$	10	$	133	$	199	$	1,352	$	14

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:



	Years Ended December 31,
	2014												2013												2012
	Pension Benefits						Other Postretirement Benefits						Pension Benefits						Other Postretirement Benefits						Pension Benefits						Other Postretirement Benefits
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
	(In millions)
Net periodic benefit costs
Service costs	$	200		$	62		$	14		$	2		$	236		$	67		$	20		$	2		$	224		$	75		$	21		$	1
Interest costs	437			19			92			2			389			14			92			2			406			17			103			2
Settlement and curtailment costs	14			5			2			2			—			(2		)	—			1			—			—			—			1
Expected return on plan assets	(475		)	(7		)	(75		)	(1		)	(483		)	(6		)	(75		)	(1		)	(484		)	(6		)	(77		)	(1		)
Amortization of net actuarial (gains) losses	169			—			11			—			228			—			55			—			195			—			57			—
Amortization of prior service costs (credit)	1			—			(1		)	—			6			—			(75		)	—			6			—			(104		)	—
Total net periodic benefit costs (credit)	346			79			43			5			376			73			17			4			347			86			—			3
Other changes in plan assets and benefit obligations recognized in OCI
Net actuarial (gains) losses	929			31			222			1			(545		)	1			(533		)	1			744			18			234			2
Prior service costs (credit)	(19		)	(1		)	(13		)	—			—			—			—			—			—			(1		)	—			(1		)
Amortization of net actuarial (gains) losses	(169		)	—			(11		)	—			(228		)	—			(55		)	(2		)	(195		)	—			(57		)	—
Amortization of prior service (costs) credit	(1		)	—			1			—			(6		)	—			75			—			(6		)	—			104			—
Total recognized in OCI	740			30			199			1			(779		)	1			(513		)	(1		)	543			17			281			1
Total recognized in net periodic benefit costs and OCI	$	1,086		$	109		$	242		$	6		$	(403	)	$	74		$	(496	)	$	3		$	890		$	103		$	281		$	4

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:



	Years Ended December 31,
	2014												2013												2012
	Pension Benefits						Other Postretirement Benefits						Pension Benefits						Other Postretirement Benefits						Pension Benefits						Other Postretirement Benefits
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
	(In millions)
Net periodic benefit costs
Service costs	$	200		$	62		$	14		$	2		$	236		$	67		$	20		$	2		$	224		$	75		$	21		$	1
Interest costs	437			19			92			2			389			14			92			2			406			17			103			2
Settlement and curtailment costs	14			5			2			2			—			(2		)	—			1			—			—			—			1
Expected return on plan assets	(475		)	(7		)	(75		)	(1		)	(483		)	(6		)	(75		)	(1		)	(484		)	(6		)	(77		)	(1		)
Amortization of net actuarial (gains) losses	169			—			11			—			228			—			55			—			195			—			57			—
Amortization of prior service costs (credit)	1			—			(1		)	—			6			—			(75		)	—			6			—			(104		)	—
Total net periodic benefit costs (credit)	346			79			43			5			376			73			17			4			347			86			—			3
Other changes in plan assets and benefit obligations recognized in OCI
Net actuarial (gains) losses	929			31			222			1			(545		)	1			(533		)	1			744			18			234			2
Prior service costs (credit)	(19		)	(1		)	(13		)	—			—			—			—			—			—			(1		)	—			(1		)
Amortization of net actuarial (gains) losses	(169		)	—			(11		)	—			(228		)	—			(55		)	(2		)	(195		)	—			(57		)	—
Amortization of prior service (costs) credit	(1		)	—			1			—			(6		)	—			75			—			(6		)	—			104			—
Total recognized in OCI	740			30			199			1			(779		)	1			(513		)	(1		)	543			17			281			1
Total recognized in net periodic benefit costs and OCI	$	1,086		$	109		$	242		$	6		$	(403	)	$	74		$	(496	)	$	3		$	890		$	103		$	281		$	4

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, 2014
Weighted average discount rate	4.10%				1.68%				4.10%	5.84%
Rate of compensation increase	2.25	%	-	8.50%	2.00	%	-	5.50%	N/A	N/A
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

______________


(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, 2014
Weighted average discount rate	5.15%				2.06%				5.15%	6.38%
Weighted average expected rate of return on plan assets	6.25%				3.24%				5.70%	7.25%
Rate of compensation increase	3.50	%	-	7.50%	2.00	%	-	5.50%	N/A	N/A
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

______________


(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,
	2014	2013
Pre-and Post-Medicare eligible claims	6.4% for 2015, gradually decreasing each year for Pre-Medicare until 2094 reaching the ultimate rate of 4.4% and for Post-Medicare until 2089 reaching the ultimate rate of 4.7%	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.

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, 2014:



	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	$	14	$	(11	)	$	—	$	—
Effect of accumulated postretirement benefit obligations	$	302	$	(245	)	$	1	$	(1	)

As of December 31, 2014, the improved mortality rate assumption used for all U.S. pension and postretirement benefit plans is the RP-2000 healthy mortality table projected generationally using 175% of Scale AA. The mortality rate assumption was revised based upon the results of a comprehensive study of MetLife’s demographic experience and reflects the current best estimate of expected mortality rates for MetLife’s participant population. Prior to December 31, 2014, the mortality rate assumption used to value the benefit obligations and net periodic benefit cost for these plans was the RP-2000 healthy mortality table projected generationally using 100% of Scale AA.

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, 2014 for the Invested Plans:



	December 31,
	2014												2013
	Pension				Postretirement Medical				Postretirement Life				Pension		Postretirement Medical		Postretirement Life
	Target		Actual Allocation		Target		Actual Allocation		Target		Actual Allocation		Actual Allocation		Actual Allocation		Actual Allocation
Asset Class
Fixed maturity securities (1)	75	%	69	%	70	%	71	%	—	%	—	%	64	%	67	%	—	%
Equity securities (2)	12	%	15	%	30	%	27	%	—	%	—	%	23	%	32	%	—	%
Alternative securities (3)	13	%	16	%	—	%	2	%	100	%	100	%	13	%	1	%	100	%
Total assets			100	%			100	%			100	%	100	%	100	%	100	%

______________


(1)	Fixed maturity securities include ABS, collateralized mortgage obligations, corporate, federal agency, foreign bonds, mortgage-backed securities, municipals, preferred stocks, U.S. government bonds and exchange traded funds. Certain prior year amounts have been reclassified from equity securities into fixed maturity securities to conform to the current year presentation.


(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.

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, 2014
	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	$	—	$	2,638	$	80	$	2,718	$	42	$	244	$	3	$	289
U.S. government bonds	1,605		223		—		1,828		169		12		—		181
Foreign bonds	—		718		17		735		—		68		—		68
Federal agencies	—		254		—		254		—		35		—		35
Municipals	—		270		—		270		—		74		—		74
Other (1)	—		188		8		196		—		63		—		63
Total fixed maturity securities	1,605		4,291		105		6,001		211		496		3		710
Equity securities:
Common stock - domestic	951		—		—		951		188		—		—		188
Common stock - foreign	394		—		—		394		80		—		—		80
Total equity securities	1,345		—		—		1,345		268		—		—		268
Other investments	—		24		743		767		—		—		—		—
Short-term investments	189		273		—		462		14		433		—		447
Money market securities	29		56		—		85		—		—		—		—
Derivative assets	11		7		72		90		—		1		—		1
Total assets	$	3,179	$	4,651	$	920	$	8,750	$	493	$	930	$	3	$	1,426



	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	$	77	$	170	$	1	$	248
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		55		15		—		70
Other (1)	—		490		19		509		—		54		—		54
Total fixed maturity securities	924		3,958		89		4,971		267		340		1		608
Equity securities:
Common stock - domestic	1,133		22		148		1,303		196		—		—		196
Common stock - foreign	460		—		—		460		102		—		—		102
Total equity securities	1,593		22		148		1,763		298		—		—		298
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

______________


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



	December 31,
	2014								2013
	Pension				Other Postretirement				Pension		Other Postretirement
	Target		Actual Allocation		Target		Actual Allocation		Actual Allocation		Actual Allocation
Asset Class
Fixed maturity securities (1)	74	%	61	%	100	%	100	%	50	%	100	%
Equity securities (2)	19	%	23	%	—	%	—	%	33	%	—	%
Alternative securities (3)	7	%	16	%	—	%	—	%	17	%	—	%
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.



	December 31, 2014
	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	$	—	$	66	$	—	$	66	$	—	$	—	$	—	$	—
Foreign bonds	—		90		—		90		—		10		—		10
Total fixed maturity securities	—		156		—		156		—		10		—		10
Equity securities:
Common stock - foreign	—		57		—		57		—		—		—		—
Other investments	34		—		—		34		—		—		—		—
Derivative assets	—		—		1		1		—		—		—		—
Real estate	—		—		2		2		—		—		—		—
Short-term investments	—		3		—		3		—		—		—		—
Total assets	$	34	$	216	$	3	$	253	$	—	$	10	$	—	$	10



	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

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

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, 2014
Balance at January 1,	$	59	$	11	$	19		$	148		$	600		$	35
Realized gains (losses)	3		—		—			—			(13		)	(16		)
Unrealized gains (losses)	—		—		—			—			112			19
Purchases, sales, issuances and settlements, net	11		6		(2		)	—			(104		)	34
Transfers into and/or out of Level 3	7		—		(9		)	(148		)	148			—
Balance at December 31,	$	80	$	17	$	8		$	—		$	743		$	72



	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, 2014
Balance at January 1,	$	1	$	—	$	—	$	—
Realized gains (losses)	—		—		—		—
Unrealized gains (losses)	1		—		—		—
Purchases, sales, issuances and settlements, net	1		—		—		—
Transfers into and/or out of Level 3	—		—		—		—
Balance at December 31,	$	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, 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)			Derivative Assets
	(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		$	—

______________


(1)	Other includes ABS and collateralized mortgage obligations.

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:



	Years Ended December 31,
	2014					2013						2012
	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Pension Benefits
	Derivative Assets			Real Estate		Derivative Assets			Real Estate			Derivative Assets			Real Estate
	(In millions)
Balance at January 1,	$	2		$	2	$	13		$	7		$	13		$	8
Realized gains (losses)	—			—		(2		)	(1		)	(1		)	(1		)
Unrealized gains (losses)	(1		)	—		3			1			1			—
Purchases, sales, issuances, and settlements, net	—			—		(12		)	(5		)	—			—
Balance at December 31,	$	1		$	2	$	2		$	2		$	13		$	7

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)
2015	$	490	$	32	$	81	$	4
2016	$	507	$	36	$	81	$	3
2017	$	531	$	37	$	84	$	3
2018	$	544	$	40	$	87	$	3
2019	$	565	$	48	$	92	$	3
2020-2024	$	3,134	$	255	$	519	$	14