XML 52 R47.htm IDEA: XBRL DOCUMENT v2.4.1.9
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Summary of Net Periodic Benefit Cost
The components of net periodic benefit cost consisted of the following:
 
Year Ended December 31,
 
2014
 
2013
 
2012
Service cost
$
5

 
$
5

 
$
5

Interest cost
29

 
26

 
27

Expected return on plan assets
(32
)
 
(28
)
 
(25
)
Amortization of unrecognized amounts
3

 
15

 
14

Net periodic benefit cost
$
5

 
$
18

 
$
21

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
2014
 
2013
Benefit obligation at end of prior year
$
670

 
$
670

Service cost
5

 
5

Interest cost
29

 
26

Plan amendments
(1
)
 
1

Actuarial (gain) loss
72

 
(19
)
Currency translation adjustment
(34
)
 
8

Net benefits paid
(25
)
 
(21
)
Benefit obligation at end of current year
$
716

 
$
670

 
 
 
 
Change in Plan Assets
 
 
 
Fair value of assets at end of prior year
$
517

 
$
465

Actual return on plan assets
56

 
52

Employer contributions
26

 
17

Currency translation adjustment
(21
)
 
4

Net benefits paid
(25
)
 
(21
)
Fair value of assets at end of current year
$
553

 
$
517

Schedule of Net Funded Status [Table Text Block]
 
As of December 31,
Funded Status
2014
 
2013
Classification of net balance sheet assets (liabilities)
 
 
 
Non-current assets
$
15

 
$

Current liabilities
(1
)
 

Non-current liabilities
(177
)
 
(153
)
Net funded status
$
(163
)
 
$
(153
)
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,
 
 
2014
 
2013
 
2012
U.S. Pension Benefit Plans
 
 
 
 
 
Discount rate:
 
 
 
 
 
 
Net periodic benefit cost
4.75
%
 
3.75
%
 
4.00
%
 
Benefit obligation
4.00
%
 
4.75
%
 
4.00
%
Long-term rate of return on plan assets
7.50
%
 
7.50
%
 
7.50
%
 
 
 
 
 
 
 
Non-U.S. Pension Benefit Plans
 
 
 
 
 
Discount rate:
 
 
 
 
 
 
Net periodic benefit cost
4.50
%
 
4.50
%
 
4.75
%
 
Benefit obligation
3.30
%
 
4.50
%
 
4.50
%
Long-term rate of return on plan assets
5.30
%
 
5.25
%
 
5.35
%
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
2014
 
2013
Cash equivalents
$
2

 
$
10

Short term investments
4

 
5

U.S. stock
113

 
104

Non-U.S. stock
163

 
166

Real estate investment trusts

 
9

Non-U.S. government securities
85

 
80

U.S. government securities
6

 
3

Corporate bonds
167

 
137

Other assets
13

 
3

 
Total assets
$
553

 
$
517