Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]



	Pension Benefits						Postretirement Benefits
(In millions)	Year Ended December 31						Year Ended December 31
	2014			2013			2014			2013
Retirement plan expense
Defined benefit plans:
Service cost (benefits earned during the period)	$	71		$	84		$	4		$	5
Interest cost	126			114			8			7
Expected return on plan assets	(155		)	(144		)	—			—
Settlement charges	95			—			—			—
Amortization of actuarial loss	36			74			2			5
Other amortization expense	3			3			(18		)	(18		)
Net periodic defined benefit plan expense	176			131			(4		)	(1		)
Defined contribution plans	50			44			—			—
Total retirement plan expense	$	226		$	175		$	(4	)	$	(1	)



	Pension Benefits						Postretirement Benefits
(In millions)	Six Months Ended December 31						Six Months Ended December 31
	2012			2011			2012		2011
				(Unaudited)					(Unaudited)
Retirement plan expense
Defined benefit plans:
Service cost (benefits earned during the period)	$	44		$	36		$	4	$	3
Interest cost	61			65			6		6
Expected return on plan assets	(75		)	(70		)	—		—
Settlement charges	68			—			—		—
Amortization of actuarial loss	42			24			—		—
Other amortization	2			2			—		—
Net periodic defined benefit plan expense	142			57			10		9
Defined contribution plans	23			23			—		—
Total retirement plan expense	$	165		$	80		$	10	$	9



	Pension Benefits			Postretirement Benefits
(In millions)	Year Ended June 30			Year Ended June 30
	2012			2012
Retirement plan expense
Defined benefit plans:
Service cost (benefits earned during the period)	$	71		$	7
Interest cost	130			12
Expected return on plan assets	(141		)	—
Remeasurement charge⁽¹⁾	30			4
Amortization of actuarial loss	52			—
Other amortization	5			(2		)
Net periodic defined benefit plan expense	147			21
Defined contribution plans	45			—
Total retirement plan expense	$	192		$	21

(1) See Note 19

Changes In Defined Benefit Obligation And Fair Value Of Defined Benefit Plan Assets



	Pension Benefits						Postretirement Benefits
	December 31 2014			December 31 2013			December 31 2014			December 31 2013
	(In millions)						(In millions)
Benefit obligation, beginning	$	2,814		$	2,954		$	174		$	208
Service cost	71			84			4			5
Interest cost	126			114			8			7
Actuarial loss (gain)	688			(236		)	54			(34		)
Employee contributions	2			2			—			—
Curtailments	(5		)	—			—			—
Settlements	(304		)	—			—			—
Business combinations	136			—			—			—
Benefits paid	(109		)	(119		)	(12		)	(12		)
Plan amendments	(4		)	(1		)	3			—
Actual expenses	(2		)	(2		)	—			—
Foreign currency effects	(108		)	18			—			—
Benefit obligation, ending	$	3,305		$	2,814		$	231		$	174

Fair value of plan assets, beginning	$	2,341		$	2,174		$	—		$	—
Actual return on plan assets	292			222			—			—
Employer contributions	42			50			12			12
Employee contributions	2			2			—			—
Settlements	(304		)	—			—			—
Business combinations	10			—			—			—
Benefits paid	(109		)	(119		)	(12		)	(12		)
Actual expenses	(2		)	(2		)	—			—
Foreign currency effects	(78		)	14			—			—
Fair value of plan assets, ending	$	2,194		$	2,341		$	—		$	—

Funded status	$	(1,111	)	$	(473	)	$	(231	)	$	(174	)

Prepaid benefit cost	$	27		$	63		$	—		$	—
Accrued benefit liability – current	(17		)	(15		)	(12		)	(11		)
Accrued benefit liability – long-term	(1,121		)	(521		)	(219		)	(163		)
Net amount recognized in the balance sheet	$	(1,111	)	$	(473	)	$	(231	)	$	(174	)

Principal Assumptions In Developing Net Periodic Pension Cost



	Pension Benefits		Postretirement Benefits
	December 31 2014	December 31 2013	December 31 2014	December 31 2013
Discount rate	4.6%	3.9%	4.4%	3.6%
Expected return on plan assets	7.0%	7.0%	N/A	N/A
Rate of compensation increase	3.9%	3.9%	N/A	N/A

Principal Assumptions In Developing Year-End Actuarial Present Value Of The Projected Benefit Obligation



	Pension Benefits				Postretirement Benefits
	December 31 2014		December 31 2013		December 31 2014	December 31 2013
Discount rate	3.5	%	4.6	%	3.8%	4.4%
Rate of compensation increase	3.8	%	3.9	%	N/A	N/A

Impact Of 1% Change In Assumed Health Care Cost Trend Rates



	1% Increase		1% Decrease
	(In millions)
Effect on combined service and interest cost components	$	1	$	(1	)
Effect on accumulated postretirement benefit obligations	$	8	$	(7	)

Schedule Of Fair Value Of Plan Assets



	Fair Value Measurements at December 31, 2014
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In millions)
Common stock
U.S. companies	$	180	$	—	$	—	$	180
International companies	6		—		—		6
Equity mutual funds
Emerging markets	62		—		—		62
International	91		—		—		91
Large cap U.S.	362		—		—		362
Common collective trust funds
International equity	—		370		—		370
Large cap U.S. equity	—		33		—		33
Fixed income	—		500		—		500
Other	—		35		—		35
Debt instruments
Corporate bonds	—		422		—		422
U.S. Treasury instruments	95		—		—		95
U.S. government agency, state and local government bonds	—		37		—		37
Other	—		1		—		1
Total assets at fair value	$	796	$	1,398	$	—	$	2,194



	Fair Value Measurements at December 31, 2013
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In millions)
Common stock
U.S. companies	$	221	$	—	$	—	$	221
International companies	2		—		—		2
Equity mutual funds
Emerging markets	75		—		—		75
International	111		—		—		111
Large cap U.S.	419		—		—		419
Common collective trust funds
International equity	—		373		—		373
Large cap U.S. equity	—		51		—		51
Fixed income	—		437		—		437
Other	—		62		—		62
Debt instruments
Corporate bonds	—		422		—		422
U.S. Treasury instruments	134		—		—		134
U.S. government agency, state and local government bonds	—		32		—		32
Other	—		2		—		2
Total assets at fair value	$	962	$	1,379	$	—	$	2,341

Actual Asset Allocation For Global Pension Plan Assets



	December 31 2014⁽¹⁾⁽²⁾	December 31 2013⁽²⁾
Equity securities	51%	54%
Debt securities	48%	45%
Other	1%	1%
Total	100%	100%

(1)

The Company’s U.S. pension plans contain approximately 62% of the Company’s global pension plan assets. The actual asset allocation for the Company’s U.S. pension plans as of the measurement date consists of 60% equity securities and 40% debt securities. The target asset allocation for the Company’s U.S. pension plans is approximately the same as the actual asset allocation. The actual asset allocation for the Company’s foreign pension plans as of the measurement date consists of 38% equity securities, 60% debt securities, and 2% in other investments. The target asset allocation for the Company’s foreign pension plans is approximately the same as the actual asset allocation.


(2)	The Company’s pension plans did not hold any shares of Company common stock as of the December 31, 2014 and 2013 measurement dates.

Expected Future Benefit Payments To Be Paid



	Pension Benefits		Postretirement Benefits
	(In millions)
2015	$	97	$	12
2016	103		13
2017	108		13
2018	115		13
2019	122		14
2020 – 2024	721		75