XML 96 R50.htm IDEA: XBRL DOCUMENT v3.19.1
Long-Term Employee Benefit Liabilities (Tables)
12 Months Ended
Dec. 31, 2018
Long-Term Employee Benefit Liabilities

Long-term employee benefit liabilities consist of:

 

     2018      2017  

Defined benefit pension plans and other [a]

   $ 184      $ 264  

Termination and long service arrangements [b]

     381        368  

Retirement medical benefits plans [c]

     27        31  

Other long-term employee benefits

     5        7  
  

 

 

    

 

 

 

Long-term employee benefit obligations

   $ 597      $ 670  
  

 

 

    

 

 

 
Schedule of Company's Defined Benefit Pension Plans

Information about the Company’s defined benefit pension plans is as follows:

 

     2018      2017  

Projected benefit obligation

     

Beginning of year

   $ 687      $ 624  

Current service cost

     14        13  

Interest cost

     18        18  

Actuarial (gains) losses and changes in actuarial assumptions

     (33      8  

Benefits paid

     (24      (23

Foreign exchange

     (29      47  
  

 

 

    

 

 

 

End of year

     633        687  
  

 

 

    

 

 

 

Plan assets at fair value [i]

     

Beginning of year

     443        330  

Return on plan assets

     (11      33  

Employer contributions

     12        82  

Benefits paid

     (19      (18

Foreign exchange

     (19      16  
  

 

 

    

 

 

 

End of year

     406        443  
  

 

 

    

 

 

 

Ending funded status

   $ 227      $ 244  
  

 

 

    

 

 

 

Amounts recorded in the consolidated balance sheet

     

Non-current asset [note 14]

   $ (18    $ (23

Current liability

     1        3  

Liabilities held for sale [note 3] [ii]

     60        —    

Non-current liability

     184        264  
  

 

 

    

 

 

 

Net amount

   $ 227      $ 244  
  

 

 

    

 

 

 

Amounts recorded in accumulated other comprehensive income Unrecognized actuarial losses

   $ (134    $ (135
  

 

 

    

 

 

 

Net periodic benefit cost

     

Current service cost

   $ 14      $ 13  

Interest cost

     18        18  

Return on plan assets

     (25      (20

Actuarial losses

     4        4  
  

 

 

    

 

 

 

Net periodic benefit cost

   $ 11      $ 15  
  

 

 

    

 

 

 

 

  [i]

The asset allocation of the Company’s defined benefit pension plans at December 31, 2018 and the target allocation for 2019 is as follows:

 

     2019     2018  

Fixed income securities

     55-75     62

Equity securities

     25-45     36

Cash and cash equivalents

     0-10     2
  

 

 

   

 

 

 
     100     100
  

 

 

   

 

 

 
Future Benefit Payments
[d]

Future benefit payments

 

     Defined
benefit
pension plans
     Termination
and long
service
arrangements
     Retirement
medical
benefits plans
     Total  

Expected employer contributions - 2019

   $ 13      $ 9      $ 2      $ 24  
  

 

 

    

 

 

    

 

 

    

 

 

 

Expected benefit payments:

           

2019

   $ 23      $ 9      $ 2      $ 34  

2020

     25        10        2        37  

2021

     24        11        2        37  

2022

     25        13        2        40  

2023

     26        17        2        45  

Thereafter

     145        111        9        265  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 268      $ 171      $ 19      $ 458  
  

 

 

    

 

 

    

 

 

    

 

 

 
Termination and Long Service Arrangements [Member]  
Summary of Weighted Average Significant Actuarial Assumptions Adopted in Measuring Company's Obligations and Cost

The weighted average significant actuarial assumptions adopted in measuring the Company’s projected termination and long service benefit obligations and net periodic benefit cost are as follows:

 

     2018     2017  

Discount rate

     2.8     2.6

Rate of compensation increase

     2.9     2.6
Schedule of Company's Defined Benefit Pension Plans

Information about the Company’s termination and long service arrangements is as follows:

 

     2018      2017  

Projected benefit obligation

     

Beginning of year

   $ 378      $ 327  

Current service cost

     22        20  

Interest cost

     8        7  

Actuarial losses (gains) and changes in actuarial assumptions

     14        (7

Benefits paid

     (14      (11

Acquisition

     2        —    

Foreign exchange

     (16      42  
  

 

 

    

 

 

 

Ending funded status

   $ 394      $ 378  
  

 

 

    

 

 

 

Amounts recorded in the consolidated balance sheet

     

Current liability

   $ 9      $ 10  

Liabilities held for sale [note 3]

     4        —    

Non-current liability

     381        368  
  

 

 

    

 

 

 

Net amount

   $ 394      $ 378  
  

 

 

    

 

 

 

Amounts recorded in accumulated other comprehensive income Unrecognized actuarial losses

   $ (88    $ (73
  

 

 

    

 

 

 

Net periodic benefit cost

     

Current service cost

   $ 22      $ 20  

Interest cost

     8        7  

Actuarial (gains) losses

     (1      3  
  

 

 

    

 

 

 

Net periodic benefit cost

   $ 29      $ 30  
  

 

 

    

 

 

 
Retirement Medical Benefits Plans [Member]  
Summary of Weighted Average Significant Actuarial Assumptions Adopted in Measuring Company's Obligations and Cost

The weighted average discount rates used in measuring the Company’s projected retirement medical benefit obligations and net periodic benefit cost are as follows:

 

     2018     2017  

Retirement medical benefit obligations

     4.0     3.4

Net periodic benefit cost

     3.4     3.8

Health care cost inflation

     6.8     6.6
Schedule of Company's Defined Benefit Pension Plans

Information about the Company’s retirement medical benefits plans are as follows:

 

     2018      2017  

Projected benefit obligation

     

Beginning of year

   $ 33      $ 31  

Interest cost

     1        1  

Actuarial (gains) losses and changes in actuarial assumptions

     (3      2  

Benefits paid

     (1      (2

Foreign exchange

     (1      1  
  

 

 

    

 

 

 

Ending funded status

   $ 29      $ 33  
  

 

 

    

 

 

 

Amounts recorded in the consolidated balance sheet

     

Current liability

   $ 2      $ 2  

Non-current liability

     27        31  
  

 

 

    

 

 

 

Net amount

   $ 29      $ 33  
  

 

 

    

 

 

 

Amounts recorded in accumulated other comprehensive income

     

Unrecognized past service costs

   $ —        $ 1  

Unrecognized actuarial gains

     12        8  
  

 

 

    

 

 

 

Total accumulated other comprehensive income

   $ 12      $ 9  
  

 

 

    

 

 

 

Net periodic benefit cost

     

Interest cost

   $ 1      $ 1  

Actuarial gains

     (1      (1
  

 

 

    

 

 

 

Net periodic benefit cost

   $ —        $ —    
  

 

 

    

 

 

 
Pension Plan, Defined Benefit [Member]  
Summary of Weighted Average Significant Actuarial Assumptions Adopted in Measuring Company's Obligations and Cost

The weighted average significant actuarial assumptions adopted in measuring the Company’s obligations and costs are as follows:

 

     2018     2017  

Projected benefit obligation

    

Discount rate

     3.1     2.9

Rate of compensation increase

     2.5     2.6

Net periodic benefit cost

    

Discount rate

     2.8     3.1

Rate of compensation increase

     2.5     2.5

Expected return on plan assets

     5.8     5.8