XML 98 R58.htm IDEA: XBRL DOCUMENT v2.4.0.6
Employee Benefits (Details 2)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Net periodic cost      
Weighted-average healthcare cost rate 5.00%    
Retirement Plans [Member]
     
Benefit obligation      
Discount rate 4.10% [1] 5.10% [1] 5.40% [1]
Compensation increase factor   4.50% [1] 4.50% [1]
Net periodic cost      
Discount rate 5.10% [2] 5.40% [2] 5.95% [2]
Compensation increase factor 4.50% 4.50% 5.50%
Return on assets 7.75% [3] 8.00% [3] 8.00% [3]
Postretirement Plans [Member]
     
Benefit obligation      
Discount rate 3.45% [1] 4.45% [1] 4.65% [1]
Net periodic cost      
Weighted-average healthcare cost rate 7.50% [4] 8.00% [4] 8.00% [4]
Discount rate 4.45% [2] 4.65% [2] 5.30% [2]
United Kingdom Retirement Plan [Member]
     
Net periodic cost      
Discount rate 5.10% [2] 5.50% [2] 5.90% [2]
Compensation increase factor 5.85% 6.25% 6.25%
[1] These assumptions for the retirement plans relate to our U.S. ERP and a compensation increase factor is no longer applicable for 2012 because there are no further salary increases as the U.S. ERP was frozen in April 2012.
[2] Effective January 1, 2013, we changed our discount rate assumption on our U.S. retirement plans to 4.1% from 5.1% in 2012 and changed our discount rate assumption on our U.K. plan to 4.8% from 5.1% in 2012.
[3] The expected return on assets assumption is calculated based on the plan’s asset allocation strategy and projected market returns over the long-term. Effective January 1, 2013, we changed our return on assets assumption to 7.25% from 7.75% in 2012.
[4] The assumed weighted-average healthcare cost trend rate will decrease ratably from 7.5% in 2012 to 5% in 2018 and remain at that level thereafter. Assumed healthcare cost trends have an effect on the amounts reported for the healthcare plans. A one percentage point change in assumed healthcare cost trend creates the following effects:(in millions)1% pointincrease 1% pointdecreaseEffect on postretirement obligation$4 $(4)