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Retirement and Deferred Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Obligations, funded status and assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of or For the Years Ended December 31,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Postretirement

 

 

 

Pension Plans

 

Benefit Plans

 

 

Fair value of plan assets

$

1,434

 

$

1,522

 

$

52

 

$

48

 

 

Projected benefit obligation

 

1,607

 

 

1,708

 

 

97

 

 

103

 

 

Funded status of plan

$

(173

)

$

(186

)

$

(45

)

$

(55

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts Recognized on the

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Balance Sheets

 

 

 

 

 

 

 

 

 

 

 

 

 

Other assets

$

28

 

$

34

 

$

2

 

$

1

 

 

Other liabilities

 

(201

)

 

(220

)

 

(47

)

 

(56

)

 

Net amount recognized

$

(173

)

$

(186

)

$

(45

)

$

(55

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-Average Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefit obligations:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average discount rate

 

4.29%

 

 

3.88%

 

 

4.50%

 

 

4.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average discount rate

 

3.88%

 

 

4.64%

 

 

4.00%

 

 

4.50%

 

 

Expected return on plan assets

 

6.87%

 

 

6.90%

 

 

6.50%

 

 

6.50%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value measurements of pension plan assets on a recurring basis

 

 

 

 

 

 

 

 

 

As of December 31,

 

 

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

Fixed maturity securities:

 

 

 

 

 

 

 

Corporate bonds

$

355 

 

$

454 

 

 

U.S. government bonds

 

207 

 

 

161 

 

 

Foreign government bonds

 

145 

 

 

166 

 

 

State and municipal bonds

 

32 

 

 

33 

 

 

Common and preferred stock

 

542 

 

 

554 

 

 

Cash and invested cash

 

151 

 

 

152 

 

 

Other investments

 

54 

 

 

50 

 

 

Total

$

1,486 

 

$

1,570 

 

 

 

 

 

 

 

 

 

 

 

Deferred compensation plans liabilities and investments

 

 

 

 

 

 

 

 

 

 

 

As of December 31,

 

 

 

 

 

2015

 

2014

 

 

 

 

Total liabilities (1)

$

483 

 

$

495 

 

 

 

 

Investments dedicated to fund liabilities (2)

 

151 

 

 

160