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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2017
Retirement Benefits [Abstract]  
Summary of Net Periodic Benefit Cost
The components of net periodic benefit cost consisted of the following:
 
Year Ended December 31,
 
2017
 
2016
 
2015
Service cost
$
5

 
$
4

 
$
5

Interest cost
19

 
21

 
22

Expected return on plan assets
(30
)
 
(27
)
 
(31
)
Amortization of unrecognized amounts
8

 
5

 
5

Net periodic benefit cost (a)
$
2

 
$
3

 
$
1


__________ 
(a) 
All components of the net periodic benefit cost are recorded within selling, general and administrative expenses.
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
2017
 
2016
Benefit obligation at end of prior year
$
720

 
$
656

Service cost
5

 
4

Interest cost
19

 
21

Actuarial (gain) loss
15

 
115

Currency translation adjustment
44

 
(53
)
Net benefits paid
(24
)
 
(23
)
Benefit obligation at end of current year
$
779

 
$
720

 
 
 
 
Change in Plan Assets
 
 
 
Fair value of assets at end of prior year
$
523

 
$
527

Actual return on plan assets
59

 
60

Employer contributions
24

 
12

Currency translation adjustment
32

 
(53
)
Net benefits paid
(24
)
 
(23
)
Fair value of assets at end of current year
$
614

 
$
523

Schedule of Net Funded Status [Table Text Block]
 
As of December 31,
Funded Status
2017
 
2016
Classification of net balance sheet assets (liabilities):
 
 
 
Non-current assets
$
24

 
$

Current liabilities
(3
)
 
(1
)
Non-current liabilities
(186
)
 
(196
)
Net funded status
$
(165
)
 
$
(197
)
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,
U.S. Pension Benefit Plans
2017
 
2016
 
2015
Discount rate:
 
 
 
 
 
 
Net periodic benefit cost
3.90
%
 
4.40
%
 
4.00
%
 
Benefit obligation
3.50
%
 
3.90
%
 
4.40
%
Long-term rate of return on plan assets
7.00
%
 
7.00
%
 
7.25
%
 
 
 
 
 
 
 
Non-U.S. Pension Benefit Plans
 
 
 
 
 
Discount rate:
 
 
 
 
 
 
Net periodic benefit cost
2.45
%
 
3.45
%
 
3.30
%
 
Benefit obligation
2.55
%
 
2.45
%
 
3.45
%
Long-term rate of return on plan assets
4.70
%
 
4.45
%
 
4.65
%
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:
 
2017
Asset Class
Level 1
 
Level 2
 
Total
Cash equivalents and short-term investments
$
12

 
$
29

 
$
41

U.S. equities
102

 
43

 
145

Non-U.S. equities
50

 
100

 
150

Real estate

 
18

 
18

Government bonds
7

 
11

 
18

Corporate bonds
90

 
37

 
127

Other assets
3

 
112

 
115

Total assets
$
264

 
$
350

 
$
614

 
2016
Asset Class
Level 1
 
Level 2
 
Total
Cash equivalents and short-term investments
$
12

 
$
15

 
$
27

U.S. equities
87

 
34

 
121

Non-U.S. equities
40

 
70

 
110

Real estate

 
15

 
15

Government bonds
7

 
70

 
77

Corporate bonds
82

 
40

 
122

Other assets
2

 
49

 
51

Total assets
$
230

 
$
293

 
$
523