Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2015

Compensation and Retirement Disclosure [Abstract]



	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