XML 158 R109.htm IDEA: XBRL DOCUMENT v3.3.1.900
Pension and Postretirement Benefit Plans and Defined Contribution Plans - Plan Assets (Detail) - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
U.S. Qualified Pension Plans [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [1] $ 11,633 $ 12,706 $ 12,869
U.S. Qualified Pension Plans [Member] | Fair value inputs Level 1 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 3,801 3,475  
U.S. Qualified Pension Plans [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 5,623 7,024  
U.S. Qualified Pension Plans [Member] | Fair value inputs Level 3 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 2,209 2,207  
U.S. Qualified Pension Plans [Member] | Cash and Cash Equivalents [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 417 756  
U.S. Qualified Pension Plans [Member] | Cash and Cash Equivalents [Member] | Fair value inputs Level 1 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 81 84  
U.S. Qualified Pension Plans [Member] | Cash and Cash Equivalents [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 336 672  
U.S. Qualified Pension Plans [Member] | Equity Securities [Member] | Global Equity Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 3,720 3,394  
U.S. Qualified Pension Plans [Member] | Equity Securities [Member] | Equity Commingled Funds [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 951 1,647  
U.S. Qualified Pension Plans [Member] | Equity Securities [Member] | Fair value inputs Level 1 [Member] | Global Equity Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 3,717 3,391  
U.S. Qualified Pension Plans [Member] | Equity Securities [Member] | Fair value inputs Level 2 [Member] | Global Equity Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 2 2  
U.S. Qualified Pension Plans [Member] | Equity Securities [Member] | Fair value inputs Level 2 [Member] | Equity Commingled Funds [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 825 1,500  
U.S. Qualified Pension Plans [Member] | Equity Securities [Member] | Fair value inputs Level 3 [Member] | Global Equity Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 1 1  
U.S. Qualified Pension Plans [Member] | Equity Securities [Member] | Fair value inputs Level 3 [Member] | Equity Commingled Funds [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 126 147  
U.S. Qualified Pension Plans [Member] | Corporate debt [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 2,866 3,013  
U.S. Qualified Pension Plans [Member] | Corporate debt [Member] | Fair value inputs Level 1 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 3    
U.S. Qualified Pension Plans [Member] | Corporate debt [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 2,861 3,008  
U.S. Qualified Pension Plans [Member] | Corporate debt [Member] | Fair value inputs Level 3 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 2 5  
U.S. Qualified Pension Plans [Member] | Government and Agency Obligations [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 989 1,124  
U.S. Qualified Pension Plans [Member] | Government and Agency Obligations [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 989 1,124  
U.S. Qualified Pension Plans [Member] | Government and Agency Obligations [Member] | Fair value inputs Level 3 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 0    
U.S. Qualified Pension Plans [Member] | Fixed Income Commingled Funds [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 222 242  
U.S. Qualified Pension Plans [Member] | Fixed Income Commingled Funds [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 222 242  
U.S. Qualified Pension Plans [Member] | Fixed Income Commingled Funds [Member] | Fair value inputs Level 3 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 0 0  
U.S. Qualified Pension Plans [Member] | Partnership Interest [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [3] 1,120 1,156  
U.S. Qualified Pension Plans [Member] | Partnership Interest [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[3] 129 198  
U.S. Qualified Pension Plans [Member] | Partnership Interest [Member] | Fair value inputs Level 3 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 991 [2],[3] 958 [2],[3] 932
U.S. Qualified Pension Plans [Member] | Insurance Contracts [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 259 278  
U.S. Qualified Pension Plans [Member] | Insurance Contracts [Member] | Fair value inputs Level 1 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 0    
U.S. Qualified Pension Plans [Member] | Insurance Contracts [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 259 278  
U.S. Qualified Pension Plans [Member] | Other [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [4] 1,089 1,096  
U.S. Qualified Pension Plans [Member] | Other [Member] | Fair value inputs Level 3 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 1,089 [2],[4] 1,096 [2],[4] 715
International Pension Plans [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [5] 7,959 8,588 8,250
International Pension Plans [Member] | Fair value inputs Level 1 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 1,222 2,132  
International Pension Plans [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 5,531 5,359  
International Pension Plans [Member] | Fair value inputs Level 3 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 1,206 1,097  
International Pension Plans [Member] | Cash and Cash Equivalents [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 207 331  
International Pension Plans [Member] | Cash and Cash Equivalents [Member] | Fair value inputs Level 1 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 14 25  
International Pension Plans [Member] | Cash and Cash Equivalents [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 193 306  
International Pension Plans [Member] | Equity Securities [Member] | Global Equity Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 901 1,781  
International Pension Plans [Member] | Equity Securities [Member] | Equity Commingled Funds [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 2,218 1,851  
International Pension Plans [Member] | Equity Securities [Member] | Fair value inputs Level 1 [Member] | Global Equity Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 815 1,674  
International Pension Plans [Member] | Equity Securities [Member] | Fair value inputs Level 1 [Member] | Equity Commingled Funds [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 16 19  
International Pension Plans [Member] | Equity Securities [Member] | Fair value inputs Level 2 [Member] | Global Equity Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 85 107  
International Pension Plans [Member] | Equity Securities [Member] | Fair value inputs Level 2 [Member] | Equity Commingled Funds [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 2,119 1,832  
International Pension Plans [Member] | Equity Securities [Member] | Fair value inputs Level 3 [Member] | Equity Commingled Funds [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 83    
International Pension Plans [Member] | Corporate debt [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 653 773  
International Pension Plans [Member] | Corporate debt [Member] | Fair value inputs Level 1 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 171 183  
International Pension Plans [Member] | Corporate debt [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 481 590  
International Pension Plans [Member] | Government and Agency Obligations [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 1,224 1,213  
International Pension Plans [Member] | Government and Agency Obligations [Member] | Fair value inputs Level 1 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 109 140  
International Pension Plans [Member] | Government and Agency Obligations [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 1,114 1,073  
International Pension Plans [Member] | Fixed Income Commingled Funds [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 1,216 1,037  
International Pension Plans [Member] | Fixed Income Commingled Funds [Member] | Fair value inputs Level 1 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 37 44  
International Pension Plans [Member] | Fixed Income Commingled Funds [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 1,142 969  
International Pension Plans [Member] | Fixed Income Commingled Funds [Member] | Fair value inputs Level 3 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 37 24  
International Pension Plans [Member] | Partnership Interest [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [3] 58 61  
International Pension Plans [Member] | Partnership Interest [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[3] 6 6  
International Pension Plans [Member] | Partnership Interest [Member] | Fair value inputs Level 3 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[3] 52 55  
International Pension Plans [Member] | Insurance Contracts [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 257 425  
International Pension Plans [Member] | Insurance Contracts [Member] | Fair value inputs Level 1 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2]   1  
International Pension Plans [Member] | Insurance Contracts [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2] 21 150  
International Pension Plans [Member] | Insurance Contracts [Member] | Fair value inputs Level 3 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 236 [2] 274 [2] 300
International Pension Plans [Member] | Other [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [4] 1,227 1,116  
International Pension Plans [Member] | Other [Member] | Fair value inputs Level 1 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[4] 59 46  
International Pension Plans [Member] | Other [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[4] 370 326  
International Pension Plans [Member] | Other [Member] | Fair value inputs Level 3 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 798 [2],[4] 744 [2],[4] 500
Postretirement Plans [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [7] 622 [6] 762 [6] $ 741
Postretirement Plans [Member] | Fair value inputs Level 1 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[6] 64 90  
Postretirement Plans [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[6] 521 614  
Postretirement Plans [Member] | Fair value inputs Level 3 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[6] 38 58  
Postretirement Plans [Member] | Cash and Cash Equivalents [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [6] 6 18  
Postretirement Plans [Member] | Cash and Cash Equivalents [Member] | Fair value inputs Level 1 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[6]   1  
Postretirement Plans [Member] | Cash and Cash Equivalents [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[6] 6 17  
Postretirement Plans [Member] | Equity Securities [Member] | Global Equity Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [6] 64 89  
Postretirement Plans [Member] | Equity Securities [Member] | Equity Commingled Funds [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [6] 16 44  
Postretirement Plans [Member] | Equity Securities [Member] | Fair value inputs Level 1 [Member] | Global Equity Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[6] 64 89  
Postretirement Plans [Member] | Equity Securities [Member] | Fair value inputs Level 2 [Member] | Equity Commingled Funds [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[6] 14 40  
Postretirement Plans [Member] | Equity Securities [Member] | Fair value inputs Level 3 [Member] | Equity Commingled Funds [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[6] 2 4  
Postretirement Plans [Member] | Corporate debt [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [6] 49 79  
Postretirement Plans [Member] | Corporate debt [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[6] 49 79  
Postretirement Plans [Member] | Government and Agency Obligations [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [6] 17 30  
Postretirement Plans [Member] | Government and Agency Obligations [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[6] 17 30  
Postretirement Plans [Member] | Fixed Income Commingled Funds [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [6] 4 6  
Postretirement Plans [Member] | Fixed Income Commingled Funds [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[6] 4 6  
Postretirement Plans [Member] | Partnership Interest [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [3],[6] 19 30  
Postretirement Plans [Member] | Partnership Interest [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[3],[6] 2 5  
Postretirement Plans [Member] | Partnership Interest [Member] | Fair value inputs Level 3 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[3],[6] 17 25  
Postretirement Plans [Member] | Insurance Contracts [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [6] 429 437  
Postretirement Plans [Member] | Insurance Contracts [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[6] 429 437  
Postretirement Plans [Member] | Other [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [4],[6] 19 29  
Postretirement Plans [Member] | Other [Member] | Fair value inputs Level 2 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[4],[6] 0 0  
Postretirement Plans [Member] | Other [Member] | Fair value inputs Level 3 [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets [2],[4],[6] $ 19 $ 29  
[1] The favorable change in the funded status of our U.S. qualified plans was primarily due to (i) the plan gains resulting from the increase in the discount rate, and (ii) a $1 billion voluntary contribution to the plans, partially offset by (i) the net impact of the acquisition of Hospira and (ii) a decrease in the actual return on assets.
[2] Fair values are determined based on valuation inputs categorized as Level 1, 2 or 3 (see Note 1E).
[3] Primarily includes investments in private equity, private debt, public equity limited partnerships, and, to a lesser extent, real estate and venture capital.
[4] Primarily includes, for U.S. plan assets, investments in hedge funds and, to a lesser extent, real estate and, for international plan assets, investments in real estate and hedge funds.
[5] The favorable change in the international plans’ funded status was primarily due to (i) plan gains related to favorable changes in actuarial assumptions and experience, (ii) an increase in company contributions to plan assets and (iii) foreign exchange impacts.
[6] Reflects postretirement plan assets, which support a portion of our U.S. retiree medical plans.The following table provides an analysis of the changes in our more significant investments valued using significant unobservable inputs: Year Ended December 31, U.S. Qualified Pension Plans International Pension Plans Partnership investments Other commingled funds Insurance contracts Other(MILLIONS OF DOLLARS) 2015 2014 2015 2014 2015 2014 2015 2014Fair value, beginning $958 $932 $1,096 $715 $274 $300 $744 $500Actual return on plan assets: Assets held, ending 84 104 (8) 47 16 23 25 47Assets sold during the period — — (34) (7) — — 3 8Purchases, sales and settlements, net (51) (78) 35 341 (17) (20) 73 254Transfer into/(out of) Level 3 — — — — — — — (19)Exchange rate changes — — — — (37) (29) (47) (46)Fair value, ending $991 $958 $1,089 $1,096 $236 $274 $798 $744
[7] The favorable change in the funded status of our postretirement plans was primarily due to (i) plan gains resulting from favorable changes in plan assumptions and an increase in the discount rate, and (ii) the impact of a plan amendment approved in June 2015 that introduced a cap on costs for certain groups within the plan, partially offset by (i) the reduced company contributions as the result of reimbursements received for eligible prescription drug expenses for certain retirees and (ii) the acquisition of Hospira.