XML 43 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2013
General Discussion of Pension and Other Postretirement Benefits [Abstract]  
Schedule of Defined Contribution Retirement Plan
 
 
2013
 
2012
 
2011
Defined contribution retirement plan expense
 
$
132

 
$
112

 
$
106

Defined contribution plan expense funded with Stryker common stock
 
16

 
15

 
12

Stryker common stock held by defined contribution plan
 
 
 
 
 
 
Dollar amount
 
150

 
104

 
91

Shares (in millions of shares)
 
2.0

 
1.9

 
1.8

Value as a percentage of total plan assets
 
9
%
 
9
%
 
9
%
Schedule of Funded Status and Components of the Amounts Recognized in the Consolidated Balance Sheets and in Accumulated Other Comprehensive Gain (Loss), Before the Effect of Income Taxes
Obligations and Funded Status
 
December 31
 
 
2013
 
2012
Funded status
 
 
 
 
Fair value of plan assets
 
$
281

 
$
254

Benefit obligations
 
456

 
447

Funded status
 
$
(175
)
 
$
(193
)
Amounts recognized in the Consolidated Balance Sheets
 
 
 
 
Current liabilities—accrued compensation
 
(1
)
 
(1
)
Noncurrent liabilities—other liabilities
 
(174
)
 
(192
)
Pre-tax amounts recognized in AOCI
 
 
 
 
Unrecognized net actuarial loss
 
$
(115
)
 
$
(150
)
Unrecognized prior service cost
 
12

 
12

 
 
$
(103
)
 
$
(138
)
Schedule of Company's Defined Benefit Pension Plans
Change in Benefit Obligations and Plan Assets
 
December 31
2013
 
2012
Change in projected benefit obligations:
 
 
 
 
Projected benefit obligations at beginning of year
 
$
447

 
$
316

Service cost
 
30

 
21

Interest cost
 
13

 
13

Foreign exchange impact
 
2

 
2

Employee contributions
 
6

 
6

Actuarial (gains) losses
 
(29
)
 
110

Plan amendments
 
(1
)
 
(1
)
Benefits paid
 
(12
)
 
(20
)
Projected benefit obligations at end of year
 
$
456

 
$
447

Accumulated benefit obligations at end of year
 
427

 
$
417

 
 
 
 
 
 
 
December 31
2013
 
2012
Change in plan assets:
 
 
 
 
Fair value of plan assets at beginning of year
 
254

 
210

Actual return
 
11

 
33

Employer contributions
 
20

 
21

Employee contributions
 
6

 
6

Foreign exchange impact
 
1

 
2

Benefits paid
 
(11
)
 
(18
)
Fair value of plan assets at end of year
 
$
281

 
$
254

Schedule of Net Periodic Benefit Cost and Other Changes in Plan Assets and Benefit Obligations Recognized n Other Comprehensive Gain (Loss), Before the Effect of Income Taxes
 
 
2013
 
2012
 
2011
Net periodic benefit cost:
 
 
 
 
 
 
Service cost
 
$
(30
)
 
$
(21
)
 
$
(20
)
Interest cost
 
(13
)
 
(13
)
 
(13
)
Expected return on plan assets
 
10

 
9

 
10

Amortization of prior service cost and transition amount
 
1

 
1

 

Recognized actuarial loss
 
(8
)
 
(5
)
 
(2
)
Net periodic benefit cost
 
(40
)
 
(29
)
 
(25
)
Other changes in plan assets and benefit obligations, recognized in OCI:
 
 
 
 
 
 
Net actuarial gain (loss)
 
28

 
(87
)
 
(10
)
Recognized net actuarial loss
 
8

 
5

 
2

Prior service cost and transition amount
 
(1
)
 

 
12

Total recognized in OCI
 
35

 
(82
)
 
4

Total recognized in net periodic benefit cost and OCI
 
$
(5
)
 
$
(111
)
 
$
(21
)
 
 
 
 
 
 
 
Assumptions
 
 
 
 
 
 
Weighted-average rates used in the determination of net periodic benefit cost:
 
 
 
 
 
 
Discount rate
 
2.9
%
 
4.2
%
 
4.2
%
Expected return on plan assets
 
3.7
%
 
4.2
%
 
4.6
%
Rate of compensation increase
 
3.0
%
 
3.0
%
 
1.5
%
Weighted-average discount rate used in the determination of the projected benefit obligations
 
3.2
%
 
2.9
%
 
4.2
%
Schedule of Weighted-Average Allocation of Plan Assets by Asset Category and of Weighted-Average Target Investment Allocation Ranges fro the Plans
 
Target
 
December 31
 
2013
 
2013
 
2012
Equity securities
31.8
%
 
33.5
%
 
31.2
%
Debt securities
50.0

 
45.5

 
47.9

Other
18.2

 
21.0

 
20.9

 
100.0
%
 
100.0
%
 
100.0
%
Schedule of Valuation of the Company's Pension Plan Assets by Pricing Categories
 
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
 
2013
2012
 
2013
2012
 
2013
2012
 
2013
2012
Cash and cash equivalents
 
$
10

5

 
$
10

$
5

 
$

$

 
$

$

Equity securities
 
94

100

 
94

100

 


 


Corporate debt securities
 
128

93

 
127

93

 
2


 


Other
 
49

56

 
18

22

 
8

11

 
22

23

Total
 
$
281

$
254

 
$
249

$
220

 
$
10

$
11

 
$
22

$
23

Schedule of Rollforward of Pension Plan Assets Measured at Fair Value on a Recurring Basis Using Unobservable Inputs (Level 3)
 
 
2013
 
2012
Balance at January 1
 
$
23

 
$
17

Actual return on plan assets held at the reporting date
 

 

Purchases, sales, and settlements
 
(1
)
 
6

Balance at December 31
 
$
22

 
$
23

Estimated Future Benefit Payments, which Reflect Expected Future Service
 
 
2014
 
2015
 
2016
 
2017
 
2018
 
2019-2023
Expected benefit payments
 
$
16

 
$
15

 
$
15

 
$
15

 
$
15

 
$
81