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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]  
Summary of Net Periodic Benefit Cost
The components of net periodic benefit cost and the assumptions related to the cost consisted of the following:
 
Year Ended December 31,
 
2013
 
2012
 
2011
Service cost
$
5

 
$
5

 
$
3

Interest cost
26

 
27

 
17

Expected return on plan assets
(28
)
 
(25
)
 
(17
)
Amortization of unrecognized amounts
15

 
14

 
8

Net periodic benefit cost
$
18

 
$
21

 
$
11

Summary of Funded Status of Pension Plans
The Company uses a measurement date of December 31 for its pension plans. The funded status of the pension plans were as follows:
 
As of December 31,
Change in Benefit Obligation
2013
 
2012
Benefit obligation at end of prior year
$
670

 
$
600

Service cost
5

 
5

Interest cost
26

 
27

Plan amendments
1

 
1

Actuarial (gain) loss
(11
)
 
58

Net benefits paid
(21
)
 
(21
)
Benefit obligation at end of current year
$
670

 
$
670

 
 
 
 
Change in Plan Assets
 
 
 
Fair value of assets at end of prior year
$
465

 
$
412

Actual return on plan assets
56

 
56

Employer contributions
17

 
18

Net benefits paid
(21
)
 
(21
)
Fair value of assets at end of current year
$
517

 
$
465

Total unfunded status at end of year (recognized in other non-current liabilities in the Consolidated Balance Sheets)
$
(153
)
 
$
(205
)
Summary of Assumptions Used to Determine Pension Obligations and Pension Costs
The following assumptions were used to determine pension obligations and pension costs for the principal plans in which the Company’s employees participated:
 
 
 
For the Year Ended December 31,
 
 
2013
 
2012
 
2011
U.S. Pension Benefit Plans
 
 
 
 
 
Discount rate:
 
 
 
 
 
 
Net periodic benefit cost
3.75
%
 
4.00
%
 
5.25
%
 
Benefit obligation
4.75
%
 
4.00
%
 
4.00
%
Long-term rate of return on plan assets
7.50
%
 
7.50
%
 
8.00
%
 
 
 
 
 
 
 
Non-U.S. Pension Benefit Plans
 
 
 
 
 
Discount rate:
 
 
 
 
 
 
Net periodic benefit cost
4.50
%
 
4.75
%
 
5.00
%
 
Benefit obligation
4.50
%
 
4.50
%
 
4.75
%
Long-term rate of return on plan assets
5.25
%
 
5.35
%
 
5.25
%
Summary of Defined Benefit Pension Plans' Assets Fair Value
The following table presents the defined benefit pension plans’ assets measured at fair value, as of December 31:
Asset Class
2013
 
2012
Cash equivalents
$
10

 
$
3

Short term investments
5

 
7

U.S. stock
104

 
91

Non-U.S. stock
166

 
149

Real estate investment trusts
9

 
6

Non-U.S. government securities
80

 
70

U.S. government securities
3

 
20

Corporate bonds
137

 
105

Other assets
3

 
14

 
Total assets
$
517

 
$
465