XML 45 R27.htm IDEA: XBRL DOCUMENT v3.3.1.900
EMPLOYEE BENEFIT PLANS (Tables) - Qualified Defined Benefit [Member]
12 Months Ended
Dec. 31, 2015
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Assumptions Used [Table Text Block]
Weighted average assumptions used to determine benefit obligations:
 
2015
 
2014
Discount rates (a)
4.55% to 4.69%
 
4.20%
Rate of compensation increases(a)
2.06% to 2.65%
 
2.85% to 3.91%
(a) 
Varies by plan and related work group.

Weighted average assumptions used to determine net periodic benefit cost:
 
2015
 
2014
 
2013
Discount rate
4.20%
 
4.85%
 
3.95%
Expected return on plan assets
6.50%
 
6.75%
 
7.25%
Rate of compensation increases(a)
2.85% to 3.91%
 
2.90% to 3.93%
 
3.05% to 4.02%
(a) 
Varies by plan and related work group.
Schedule of Allocation of Plan Assets [Table Text Block]
The asset allocation of the funds in the qualified defined-benefit plans, by asset category, is as follows: 
 
2015
 
2014
Asset category:
 
 
 
Domestic equity securities
28
%
 
33
%
Non-U.S. equity securities
12
%
 
14
%
Fixed income securities
55
%
 
53
%
Real estate
5
%
 
%
Plan assets
100
%
 
100
%
Plan asset by fund category (in millions):
 
2015
 
2014
Fair Value Hierarchy
Fund type:
 
 
 
 
U.S. equity market fund
491

 
634

(a) 
Non-U.S. equity fund
208

 
272

(a) 
Credit bond index fund
953

 
190

(a) 
Government/credit bond index fund

 
821

(a) 
Plan assets in common commingled trusts
$
1,652

 
$
1,917

 
Real estate
85



Level 3
Total plan assets
$
1,737


$
1,917

 
Target allocations for the primary asset classes based on current funded status are approximately: 
Domestic equities:
21% - 33%
Non-U.S. equities:
7% - 17%
Fixed income:
48% - 67%
Real estate:
0% - 8%
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
Changes in our Level 3 plan assets for the year ended December 31, 2015 included:
Asset Category
December 31, 2014 Balance
 
Net Realized and Unrealized Gains/Losses
 
Net Purchases, Issuances and Settlements
 
Net Transfers Into/(Out of) Level 3
 
December 31, 2015 Balance
Real Estate
$

 
5

 
80

 

 
$
85

Schedule of Net Funded Status [Table Text Block]
The following table sets forth the status of the qualified defined-benefit pension plans (in millions):
 
2015
 
2014
Projected benefit obligation (PBO)
 
 
 
Beginning of year
$
2,050

 
$
1,709

Service cost
41

 
33

Interest cost
84

 
81

Plan settlement
(62
)
 

Actuarial (gain) loss
(140
)
 
298

Benefits paid
(75
)
 
(71
)
End of year
$
1,898

 
$
2,050

 
 
 
 
Plan assets at fair value
 

 
 

Beginning of year
$
1,917

 
$
1,769

Actual return on plan assets
(43
)
 
219

Employer contributions

 

Plan settlement
(62
)
 

Benefits paid
(75
)
 
(71
)
End of year
$
1,737

 
$
1,917

Funded status (unfunded)
$
(161
)
 
$
(133
)
 
 
 
 
Percent funded
92
%
 
94
%
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
The amounts recognized in the consolidated balance sheets (in millions): 
 
2015
 
2014
Accrued benefit liability-long term
$
173

 
$
133

Plan assets-long term (within noncurrent Other Assets)
(12
)
 

Total liability recognized
$
161

 
$
133

 
The amounts not yet reflected in net periodic benefit cost and included in AOCL:
 
2015
 
2014
Prior service credit
$
(11
)
 
$
(12
)
Net loss
499

 
514

Amount recognized in AOCL (pretax)
$
488

 
$
502

Schedule of Net Benefit Costs [Table Text Block]
Net pension expense for the qualified defined-benefit plans included the following components (in millions): 
 
2015
 
2014
 
2013
Service cost
$
41

 
$
33

 
$
46

Interest cost
84

 
81

 
73

Expected return on assets
(122
)
 
(117
)
 
(111
)
Amortization of prior service cost
(1
)
 
(1
)
 
(1
)
Recognized actuarial loss
26

 
13

 
43

Settlement expense (special item)
14

 

 

Net pension expense
$
42

 
$
9

 
$
50

Schedule of Expected Benefit Payments [Table Text Block]
Future benefits expected to be paid over the next ten years under the qualified defined-benefit pension plans from the assets of those plans (in millions): 
2016
$
77

2017
86

2018
93

2019
96

2020
107

2021 - 2024
613