XML 70 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
Retirement Benefits (Tables)
12 Months Ended
Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]  
Status Of The Company Plans
The status of the Company’s plans are as follows: 
 
U.S. Pension Benefit Plans
 
Non U.S. Pension Benefit Plans
 
Postretirement Health Care Benefits Plan
  
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Change in benefit obligation:
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation at January 1
$
8,288

 
$
6,986

 
$
1,787

 
$
1,588

 
$
322

 
$
450

Service cost

 

 
12

 
10

 
2

 
3

Interest cost
352

 
349

 
70

 
75

 
11

 
16

Plan amendments

 

 

 

 

 
(151
)
Actuarial loss (gain)
(1,012
)
 
1,277

 
95

 
103

 
(37
)
 
24

Foreign exchange valuation adjustment

 

 
30

 
48

 

 

Employee contributions

 

 
2

 
2

 

 

Benefit payments
(311
)
 
(324
)
 
(41
)
 
(39
)
 
(20
)
 
(20
)
Benefit obligation at December 31
7,317

 
8,288

 
1,955

 
1,787

 
278

 
322

Change in plan assets:
 
 
 
 
 
 
 
 
 
 
 
Fair value at January 1
5,426

 
4,747

 
1,362

 
1,219

 
155

 
155

Return on plan assets
806

 
660

 
199

 
111

 
22

 
20

Company contributions
150

 
340

 
32

 
31

 

 

Employee contributions

 

 
2

 
2

 

 

Foreign exchange valuation adjustment

 

 
14

 
38

 

 

Benefit payments from plan assets
(311
)
 
(321
)
 
(41
)
 
(39
)
 
(16
)
 
(20
)
Fair value at December 31
6,071

 
5,426

 
1,568

 
1,362

 
161

 
155

Funded status of the plan
(1,246
)
 
(2,862
)
 
(387
)
 
(425
)
 
(117
)
 
(167
)
Unrecognized net loss
2,732

 
4,313

 
492

 
520

 
143

 
206

Unrecognized prior service benefit

 

 
(44
)
 
(51
)
 
(92
)
 
(135
)
Prepaid (accrued) pension cost
$
1,486

 
$
1,451

 
$
61

 
$
44

 
$
(66
)
 
$
(96
)
Components of prepaid (accrued) pension cost:
 
 
 
 
 
 
 
 
 
 
 
Non-current benefit liability
$
(1,246
)
 
$
(2,862
)
 
$
(387
)
 
$
(425
)
 
$
(117
)
 
$
(167
)
Deferred income taxes
1,002

 
1,592

 
33

 
41

 
19

 
26

Accumulated other comprehensive loss
1,730

 
2,721

 
415

 
428

 
32

 
45

Prepaid (accrued) pension cost
$
1,486

 
$
1,451

 
$
61

 
$
44

 
$
(66
)
 
$
(96
)
Weighted Average Actuarial Assumptions Used To Determine Costs For The Plans
Weighted average actuarial assumptions used to determine costs for the plans were as follows: 
 
U.S. Pension Benefit Plans
 
Non U.S. Pension Benefit Plans
 
Postretirement Health Care Benefits Plan
December 31
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Discount rate
4.35
%
 
5.10
%
 
4.16
%
 
4.61
%
 
3.80
%
 
4.75
%
Investment return assumption
7.00
%
 
8.25
%
 
6.05
%
 
6.24
%
 
7.00
%
 
8.25
%
Weighted Average Actuarial Assumptions Used To Determine Benefit Obligations For The Plans
Weighted average actuarial assumptions used to determine benefit obligations for the plans were as follows: 
 
U.S. Pension Benefit Plans
 
Non U.S. Pension Benefit Plans
 
Postretirement Health Care Benefits Plan
December 31
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Discount rate
5.15
%
 
4.35
%
 
4.14
%
 
4.11
%
 
4.65
%
 
3.80
%
Future compensation increase rate
n/a

 
n/a

 
2.57
%
 
2.58
%
 
n/a

 
n/a

Accumulated Benefit Obligations For The Plans
The accumulated benefit obligations for the plans were as follows: 
 
U.S. Pension Benefit Plans
 
Non U.S. Pension Benefit Plans
December 31
2013
 
2012
 
2013
 
2012
Accumulated benefit obligation
$
7,317

 
$
8,288

 
$
1,950

 
$
1,770

Plan Target and Actual Asset Allocation
The weighted-average asset allocations by asset categories for all pension and the Postretirement Health Care Benefits Plans were as follows:
 
All Pension Benefit Plans
 
Postretirement Health Care Benefits Plan
December 31
2013
 
2012
 
2013
 
2012
Target Mix:
 
 
 
 
 
 
 
Equity securities
55
%
 
64
%
 
57
%
 
65
%
Fixed income securities
43
%
 
35
%
 
42
%
 
34
%
Cash and other investments
2
%
 
1
%
 
1
%
 
1
%
Actual Mix:
 
 
 
 
 
 
 
Equity securities
55
%
 
64
%
 
58
%
 
64
%
Fixed income securities
42
%
 
34
%
 
40
%
 
32
%
Cash and other investments
3
%
 
2
%
 
2
%
 
4
%
Expected Future Service Benefits Payments
The following benefit payments are expected to be paid: 
Year
U.S. Pension Benefit Plans
 
Non U.S. Pension Benefit Plans
 
Postretirement Health Care Benefits Plan
2014
$
286

 
$
41

 
$
25

2015
298

 
42

 
24

2016
312

 
43

 
23

2017
328

 
44

 
22

2018
347

 
46

 
21

2019-2023
2,097

 
245

 
96

All Pension Benefit Plans
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Benefit Plan Costs
The net periodic costs (benefit) for pension and Postretirement Health Care Benefits plans were as follows:
 
U.S. Pension Benefit Plans
 
Non U.S. Pension Benefit Plans
 
Postretirement Health Care Benefits Plan
Years ended December 31
2013
 
2012
 
2011
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
Service cost
$

 
$

 
$

 
$
11

 
$
10

 
$
17

 
$
2

 
$
3

 
$
4

Interest cost
352

 
349

 
344

 
70

 
75

 
72

 
11

 
16

 
22

Expected return on plan assets
(364
)
 
(421
)
 
(390
)
 
(79
)
 
(78
)
 
(77
)
 
(10
)
 
(12
)
 
(16
)
Amortization of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrecognized net loss
130

 
260

 
189

 
15

 
22

 
17

 
14

 
12

 
10

Unrecognized prior service benefit

 

 

 
(6
)
 
(3
)
 
(9
)
 
(43
)
 
(16
)
 

Settlement/curtailment loss (gain)

 

 
8

 

 

 
(9
)
 

 

 

Net periodic pension cost (benefit)
$
118

 
$
188

 
$
151

 
$
11

 
$
26

 
$
11

 
$
(26
)
 
$
3

 
$
20

Postretirement Health Care Benefits Plan
 
Defined Benefit Plan Disclosure [Line Items]  
Affect Of One Percentage Point Change In Trend Rate On Accumulated Postretirement Benefit Obligation
Changing the health care trend rate by one percentage point would change the accumulated postretirement benefit obligation and the net Postretirement Health Care Benefits Plan benefits as follows: 
 
1% Point
Increase
 
1% Point
Decrease
Increase (decrease) in:
 
 
 
Accumulated postretirement benefit obligation
$
1

 
$
(1
)
Net Postretirement Health Care Benefit Plan benefit