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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Retirement Plan Expense
 
Pension Benefits
 
Postretirement Benefits
(In millions) 
Year Ended December 31
 
Year Ended December 31
 
2015
2014
2013
 
2015
2014
2013
Retirement plan expense
 
 
 
 
 
 
 
Defined benefit plans:
 
 
 
 
 
 
 
Service cost (benefits earned during the period)
$
92

$
71

$
84

 
$
5

$
4

$
5

Interest cost
112

126

114

 
8

8

7

Expected return on plan assets
(129
)
(155
)
(144
)
 
—

—

—

Settlement charges
60

95

—

 
—

—

—

Amortization of actuarial loss
69

36

74

 
7

2

5

Amortization of prior service cost (credit)
2

3

3

 
(17
)
(18
)
(18
)
Net periodic defined benefit plan expense
206

176

131

 
3

(4
)
(1
)
Defined contribution plans
52

50

44

 
—

—

—

Total retirement plan expense
$
258

$
226

$
175

 
$
3

$
(4
)
$
(1
)

Changes In Defined Benefit Obligation And Fair Value Of Defined Benefit Plan Assets
 
Pension Benefits
 
Postretirement Benefits
 
December 31
2015
 
December 31
2014
 
December 31
2015
 
December 31
2014
 
(In millions)
 
(In millions)
Benefit obligation, beginning
$
3,305

 
$
2,814

 
$
231

 
$
174

Service cost
92

 
71

 
5

 
4

Interest cost
112

 
126

 
8

 
8

Actuarial loss (gain)
(117
)
 
688

 
(32
)
 
54

Employee contributions
2

 
2

 
—

 
—

Curtailments
(2
)
 
(5
)
 
—

 
—

Settlements
(323
)
 
(304
)
 
—

 
—

Business combinations
—

 
136

 
—

 
—

Divestitures
(1
)
 
—

 
(1
)
 
—

Benefits paid
(91
)
 
(109
)
 
(11
)
 
(12
)
Plan amendments
(1
)
 
(4
)
 
—

 
3

Actual expenses
(2
)
 
(2
)
 
—

 
—

Foreign currency effects
(94
)
 
(108
)
 
(1
)
 
—

Benefit obligation, ending
$
2,880

 
$
3,305

 
$
199

 
$
231

 
 
 
 
 
 
 
 
Fair value of plan assets, beginning
$
2,194

 
$
2,341

 
$
—

 
$
—

Actual return on plan assets
(7
)
 
292

 
—

 
—

Employer contributions
222

 
42

 
11

 
12

Employee contributions
2

 
2

 
—

 
—

Settlements
(328
)
 
(304
)
 
—

 
—

Business combinations
—

 
10

 
—

 
—

Divestitures
(1
)
 
—

 
—

 
—

Benefits paid
(91
)
 
(109
)
 
(11
)
 
(12
)
Actual expenses
(2
)
 
(2
)
 
—

 
—

Foreign currency effects
(67
)
 
(78
)
 
—

 
—

Fair value of plan assets, ending
$
1,922

 
$
2,194

 
$
—

 
$
—

 
 
 
 
 
 
 
 
Funded status
$
(958
)
 
$
(1,111
)
 
$
(199
)
 
$
(231
)
 
 
 
 
 
 
 
 
Prepaid benefit cost
$
32

 
$
27

 
$
—

 
$
—

Accrued benefit liability – current
(16
)
 
(17
)
 
(13
)
 
(12
)
Accrued benefit liability – long-term
(974
)
 
(1,121
)
 
(186
)
 
(219
)
Net amount recognized in the balance sheet
$
(958
)
 
$
(1,111
)
 
$
(199
)
 
$
(231
)
Principal Assumptions In Developing Net Periodic Pension Cost
The following table sets forth the principal assumptions used in developing net periodic pension cost:
 
 
Pension Benefits
 
Postretirement Benefits
 
December 31
2015
 
December 31
2014
 
December 31
2015
 
December 31
2014
Discount rate
3.5%
 
4.6%
 
3.8%
 
4.4%
Expected return on plan assets
6.3%
 
7.0%
 
N/A
 
N/A
Rate of compensation increase
3.8%
 
3.9%
 
N/A
 
N/A


The following table sets forth the principal assumptions used in developing the year-end actuarial present value of the projected benefit obligations:
 
 
Pension Benefits
 
Postretirement Benefits
 
December 31
2015
 
December 31
2014
 
December 31
2015
 
December 31
2014
Discount rate
4.0
%
 
3.5
%
 
4.0%
 
3.8%
Rate of compensation increase
4.7
%
 
3.8
%
 
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
$
6

 
$
(5
)
Schedule Of Fair Value Of Plan Assets
 
Fair Value Measurements at December 31, 2015
 
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
$
196

 
$
—

 
$
—

 
$
196

International companies
8

 
—

 
—

 
8

Equity mutual funds
 

 
 

 
 

 
 

Emerging markets
58

 
—

 
—

 
58

International
105

 
—

 
—

 
105

Large cap U.S.
409

 
—

 
—

 
409

Common collective trust funds
 

 
 

 
 

 
 

International equity
—

 
278

 
—

 
278

Large cap U.S. equity
—

 
45

 
—

 
45

Fixed income
—

 
193

 
—

 
193

Other
—

 
47

 
—

 
47

Debt instruments
 

 
 

 
 

 
 

Corporate bonds
—

 
457

 
—

 
457

U.S. Treasury instruments
99

 
—

 
—

 
99

U.S. government agency, state and local government bonds
—

 
24

 
—

 
24

Other
—

 
3

 
—

 
3

Total assets at fair value
$
875

 
$
1,047

 
$
—

 
$
1,922



 
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



Actual Asset Allocation For Global Pension Plan Assets
 
December 31 2015(1)(2)
 
December 31
2014(2)
Equity securities
58%
 
51%
Debt securities
40%
 
48%
Other
2%
 
1%
Total
100%
 
100%

(1) 
The Company’s U.S. pension plans contain approximately 77% 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 52% equity securities, 42% debt securities, and 6% 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, 2015 and 2014 measurement dates. 

Expected Future Benefit Payments To Be Paid
 
Pension
Benefits
 
Postretirement
Benefits
 
(In millions)
2016
$
93

 
$
13

2017
96

 
12

2018
103

 
13

2019
110

 
13

2020
116

 
13

2021 – 2025
691

 
68