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Retirement Benefits (Tables)
12 Months Ended
Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Benefit Plan Costs
The net periodic cost (benefit) for pension and Postretirement Health Care Benefits plans was as follows:
 
U.S. Pension Benefit Plans
 
Non U.S. Pension Benefit Plans
 
Postretirement Health Care Benefits Plan
Years ended December 31
2016
 
2015
 
2014
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Service cost
$

 
$

 
$

 
$
11

 
$
12

 
$
15

 
$

 
$
1

 
$
2

Interest cost
182

 
193

 
370

 
55

 
66

 
80

 
4

 
8

 
10

Expected return on plan assets
(220
)
 
(212
)
 
(381
)
 
(93
)
 
(103
)
 
(90
)
 
(9
)
 
(9
)
 
(10
)
Amortization of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrecognized net loss
37

 
46

 
97

 
11

 
17

 
12

 
5

 
8

 
9

Unrecognized prior service benefit

 

 

 

 
(3
)
 
(7
)
 
(27
)
 
(59
)
 
(50
)
Curtailment gain

 

 

 

 
(32
)
 

 

 

 

Settlement loss

 

 
1,883

 
26

 

 

 

 

 

Net periodic cost (benefit)
$
(1
)
 
$
27

 
$
1,969

 
$
10

 
$
(43
)
 
$
10

 
$
(27
)
 
$
(51
)
 
$
(39
)
Status Of The Company Plans
The status of the Company’s plans is as follows: 
 
U.S. Pension Benefit Plans
 
Non U.S. Pension Benefit Plans
 
Postretirement Health Care Benefits Plan
  
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Change in benefit obligation:
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation at January 1
$
4,304

 
$
4,536

 
$
1,815

 
$
2,075

 
$
192

 
$
212

Service cost

 

 
11

 
12

 

 
1

Interest cost
182

 
193

 
55

 
66

 
4

 
8

Plan amendments

 

 

 
1

 
(70
)
 

Settlements/curtailments

 

 
(103
)
 
(5
)
 

 

Actuarial loss (gain)
256

 
(319
)
 
359

 
(151
)
 
(27
)
 
(12
)
Foreign exchange valuation adjustment

 

 
(293
)
 
(118
)
 

 

Employee contributions

 

 

 
2

 

 

Expenses and tax payments

 

 
(7
)
 
(5
)
 

 

Benefit payments
(98
)
 
(106
)
 
(46
)
 
(62
)
 
(16
)
 
(17
)
Benefit obligation at December 31
$
4,644

 
$
4,304

 
$
1,791

 
$
1,815

 
$
83

 
$
192

Change in plan assets:
 
 
 
 
 
 
 
 
 
 
 
Fair value at January 1
$
3,130

 
$
3,317

 
$
1,696

 
$
1,806

 
$
143

 
$
163

Return on plan assets
160

 
(84
)
 
309

 
33

 
6

 
(6
)
Company contributions
3

 
3

 
8

 
10

 

 

Settlements

 

 
(103
)
 

 

 

Employee contributions

 

 

 
2

 

 

Foreign exchange valuation adjustment

 

 
(292
)
 
(88
)
 

 

Expenses and tax payments

 

 
(7
)
 
(5
)
 

 

Benefit payments
(98
)
 
(106
)
 
(46
)
 
(62
)
 
(13
)
 
(14
)
Fair value at December 31
$
3,195

 
$
3,130

 
$
1,565

 
$
1,696

 
$
136

 
$
143

Funded status of the plan
$
(1,449
)
 
$
(1,174
)
 
$
(226
)
 
$
(119
)
 
$
53

 
$
(49
)
Unrecognized net loss
2,054

 
1,777

 
559

 
453

 
75

 
104

Unrecognized prior service benefit

 

 

 

 
(67
)
 
(24
)
Prepaid pension cost
$
605

 
$
603

 
$
333

 
$
334

 
$
61

 
$
31

Components of prepaid (accrued) pension cost:
 
 
 
 
 
 
 
 
 
 
 
Current benefit liability
$
(3
)
 
$

 
$

 
$

 
$

 
$

Non-current benefit liability
(1,446
)
 
(1,174
)
 
(251
)
 
(224
)
 

 
(49
)
Non-current benefit asset

 

 
25

 
105

 
53

 

Deferred income taxes
762

 
657

 
57

 
46

 
4

 
31

Accumulated other comprehensive loss
1,292

 
1,120

 
502

 
407

 
4

 
49

Prepaid pension cost
$
605

 
$
603

 
$
333

 
$
334

 
$
61

 
$
31

Weighted Average Actuarial Assumptions Used To Determine Costs For The Plans
Weighted average actuarial assumptions used to determine costs for the plans at the beginning of the fiscal year were as follows: 
 
U.S. Pension Benefit Plans
 
Non U.S. Pension Benefit Plans
 
Postretirement Health Care Benefits Plan
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Discount rate
4.27
%
 
4.30
%
 
3.22
%
 
3.19
%
 
3.14
%
 
3.90
%
Investment return assumption
7.00
%
 
7.00
%
 
5.90
%
 
5.90
%
 
7.00
%
 
7.00
%
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
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Discount rate
4.42
%
 
4.73
%
 
2.54
%
 
3.57
%
 
4.11
%
 
4.26
%
Future compensation increase rate
n/a

 
n/a

 
0.46
%
 
0.41
%
 
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
2016
 
2015
 
2016
 
2015
Accumulated benefit obligation
$
4,644

 
$
4,304

 
$
1,785

 
$
1,809

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
2016
 
2015
 
2016
 
2015
Target Mix:
 
 
 
 
 
 
 
Equity securities
33
%
 
37
%
 
37
%
 
36
%
Fixed income securities
46
%
 
45
%
 
43
%
 
42
%
Cash and other investments
21
%
 
18
%
 
20
%
 
22
%
Actual Mix:
 
 
 
 
 
 
 
Equity securities
34
%
 
37
%
 
37
%
 
37
%
Fixed income securities
47
%
 
44
%
 
43
%
 
41
%
Cash and other investments
19
%
 
19
%
 
20
%
 
22
%
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
2017
$
114

 
$
47

 
$
8

2018
130

 
48

 
7

2019
146

 
49

 
7

2020
164

 
50

 
6

2021
188

 
51

 
6

2022-2026
1,241

 
270

 
26