Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2013

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Schedule of net periodic cost (income)

The net periodic cost (income) of the pension plans and post-employment health care and life for the years ended December 31, 2013, 2012 and 2011 are shown in the following table.

	Pension									Health Care and Life
	Years Ended December 31,									Years Ended December 31,
	2013			2012			2011			2013		2012		2011
	(in millions)
Service cost	$	1		$	—		$	—		$	—	$	—	$	—
Interest cost	22			11			13			1		—		—
Expected return on assets	(31		)	(14		)	(15		)	—		—		—
Actuarial loss, net	3			1			—			—		—		(1		)
Prior service cost	—			—			—			—		—		—
Settlement losses	2			4			3			—		—		—
Net periodic cost (income)	$	(3	)	$	2		$	1		$	1	$	—	$	(1	)

Schedule of weighted average assumptions used for determining net periodic benefit expense (income)

The following table shows the weighted-average assumptions used for determining net periodic benefit cost (income), for the years ended December 31, 2013, 2012 and 2011.

	Pension						Health Care and Life
	Years Ended December 31,						Years Ended December 31,
	2013		2012		2011		2013		2012	2011
Discount rate	3.85	%	4.80	%	5.50	%	4.18	%	—	5.06	%
Expected return on plan assets	6.47	%	7.50	%	8.00	%	—		—	—
Rate of compensation increase	3.50	%	—		—		3.50	%	—	—
Initial trend rate-pre Medicare	—		—		—		8.25	%	—	9.40	%
Initial trend rate-post Medicare	—		—		—		7.25	%	—	9.40	%
Ultimate trend rate	—		—		—		5.00	%	—	5.00	%
Year attained	—		—		—		2020		—	2015

Schedule of benefit obligations, plan assets and funded status

The following table summarize the benefit obligations, plan assets and funded status associated with pension and post-employment health care and life insurance benefit plans for the years ended December 31, 2013 and 2012.

	Pension						Health Care and Life
	Years Ended December 31,						Years Ended December 31,
	2013			2012			2013			2012
	(in millions)
Change in Benefit Obligations
At January 1	$	256		$	249		$	—		$	—
Acquisition of SuperMedia plans on April 30, 2013	506			—			22			—
Service cost	1			—			—			—
Interest cost	22			11			1			—
Actuarial loss (gain), net	(59		)	28			2			—
Benefits paid	(81		)	(32		)	(10		)	—
Benefit obligations at December 31	$	645		$	256		$	15		$	—
Change in Plan Assets
At January 1	$	178		$	174		$	—		$	—
SuperMedia assets received on April 30, 2013	531			—			—			—
Plan contributions	5			15			—			—
Actual return (loss) on plan assets	(15		)	21			—			—
Benefits paid	(81		)	(32		)	—			—
Plan assets at December 31	$	618		$	178		$	—		$	—
Funded Status at December 31 (plan assets less benefit obligations)	$	(27	)	$	(78	)	$	(15	)	$	—

Schedule of amounts recognized in the consolidated balance sheet

The following table sets forth the amounts recognized in the Company’s consolidated balance sheets at December 31, 2013 and 2012.

	Pension						Health Care and Life
	At December 31,						At December 31,
	2013			2012			2013			2012
	(in millions)
Non-current assets	$	41		$	—		$	—		$	—
Current liabilities	(1		)	(1		)	(1		)	—
Non-current liabilities	(67		)	(77		)	(14		)	—
Net asset (liability) at December 31	$	(27	)	$	(78	)	$	(15	)	$	—

Schedule of amounts associated with pension plans with accumulated benefit obligations in greater than plan assets

Identified below are amounts associated with the pension plans that have an accumulated benefit obligation greater than plan assets as of December 31, 2013 and 2012.

	At December 31,
	2013		2012
	(in millions)
Accumulated benefit obligation	$	386	$	256
Projected benefit obligation	389		256
Plan assets	321		178

Schedule of the unrecognized prior service costs credits recognized in accumulated other comprehensive income (loss), (pre-tax)

The unrecognized net actuarial losses recorded in accumulated other comprehensive income (loss), (pre-tax), for the years ended December 31, 2013 and 2012, are shown below.

	Pension						Health Care and Life
	Years Ended December 31,						Years Ended December 31,
	2013			2012			2013			2012
	(in millions)
Unrecognized actuarial (loss), net	$	(29	)	$	(47	)	$	(2	)	$	—

Schedule of weighted average assumptions used in calculating benefit obligations

The following table sets forth the weighted-average assumptions used for determining the benefit obligations for the years ended December 31, 2013 and 2012.

	Pension				Health Care and Life
	Years Ended December 31,				Years Ended December 31,
	2013		2012		2013		2012
Discount rate	4.77	%	3.65	%	5.01	%	—
Rate of compensation increase	3.50	%	—	%	3.50	%	—
Initial trend rate pre-Medicare	—		—		8.00	%	—
Initial trend rate Medicare	—		—		7.50	%	—
Ultimate trend rate	—		—		5.00	%	—
Year attained	—		—		2024		—

Schedule of one-percentage-point change in assumed health care cost trend rates

Assumed health care trend rates have a significant effect on the amounts reported for the health care plans. A one percentage point change in the assumed health care cost trend rate would have the following effects.

	Increase		Decrease
	(in millions)
Effect on total service and interest cost for the year ending December 31, 2013	$	—	$	—
Effect on December 31, 2013, post-employment benefit obligation	$	1	$	(1	)

Schedule of expected future benefit payments

The following table sets forth the expected future benefit payments.

	Pension		Health Care and Life
	(in millions)
2014	$	49	$	1
2015	48		1
2016	48		1
2017	46		1
2018	45		1
2019 to 2023	216		5

Schedule of allocation of plan assets

The fair values of the Company’s pension plan assets as of December 31, 2013 by asset category are as follows.

	Total		Level 1 (quoted prices in active markets)			Level 2 (significant observable input)		Level 3 (significant unobservable inputs)
	(in millions)
Cash and cash equivalents	$	22	$	4		$	18	$	—
Equity funds	96		—			96		—
Equity securities	20		20			—		—
U.S. treasuries and agencies	180		—			180		—
Corporate bonds	16		—			16		—
Other fixed income	26		(12		)	38		—
Hedge funds	258		—			—		258
Total	$	618	$	12		$	348	$	258

The fair values of the Company’s pension plan assets as of December 31, 2012 by asset category are as follows.

	Total		Level 1 (quoted prices in active markets)		Level 2 (significant observable input)		Level 3 (significant unobservable inputs)
	(in millions)
Cash and cash equivalents	$	15	$	—	$	15	$	—
Equity funds	82		—		82		—
Equity securities	17		17		—		—
U.S. treasuries and agencies	25		—		25		—
Corporate bonds	9		—		9		—
Other fixed income	30		—		30		—
Total	$	178	$	17	$	161	$	—

Schedule of change in fair value of Level 3 investments

The following table sets forth the change in fair value of Level 3 investments for the year ended December 31, 2013.

	Hedge Fund Portfolio
	(in millions)
Ending Balance as of December 31, 2012	$	—
SuperMedia assets received April 30, 2013	285
Return on plan assets	13
Purchases and sales	(40		)
Transfers in and/or out of Level 3	—
Ending Balance at December 31, 2013	$	258

Schedule of asset allocation percentages for the pension plans by asset category

The weighted asset allocation percentages for the pension plans by asset category are shown in the table below, as of December 31, 2013 and 2012.

	At December 31,
	2013		2012
Cash and cash equivalents	3.4	%	—	%
Fixed income investments	35.9		37.3
Equity investments	18.9		62.7
Hedge funds	41.8		—
Total	100.0	%	100.0	%