Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of Fair Value Measurements, Nonrecurring

Assets measured at fair value on a nonrecurring basis for which impairment was determined to exist during the years ended December 31, 2015 and 2014 are set forth in the table below. Refer to Note 13, "Segment and Geographic Reporting," for total impairment recorded for each of our reporting segments.



	December 31, 2015				December 31, 2014
	Level 3		Recognized		Level 3		Recognized
Category	Asset		Loss		Asset		Loss
	(in millions)
Property, plant and equipment	$	154	$	201	$	53	$	27
Equity method investments	—		—		10		5
Intangible assets	3		2		—		—
Goodwill	1,491		571		827		103
Assets held for sale (included in other assets)	5		14		—		—

Investment Segment [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Investment

The following table summarizes the valuation of the Investment Funds' investments and derivative contracts by the above fair value hierarchy levels as of December 31, 2015 and 2014:



	December 31, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets	(in millions)
Investments:
Equity securities:
Basic materials	$	563	$	—	$	—	$	563	$	—	$	—	$	—	$	—
Communications	407		—		—		407		2,846		—		—		2,846
Consumer, non-cyclical	3,684		—		—		3,684		2,308		—		—		2,308
Consumer, cyclical	115		—		—		115		436		—		—		436
Diversified	17		—		—		17		23		—		—		23
Energy	1,461		—		—		1,461		1,895		—		—		1,895
Financial	2,094		—		—		2,094		417		—		—		417
Funds	—		—		—		—		—		—		—		—
Industrial	188		—		—		188		79		—		—		79
Technology	5,795		—		—		5,795		5,635		—		—		5,635
	14,324		—		—		14,324		13,639		—		—		13,639
Corporate debt:
Consumer, cyclical	—		—		55		55		—		—		75		75
Energy	—		—		—		—		—		19		—		19
Financial	—		4		—		4		—		7		—		7
Sovereign debt	—		13		—		13		—		—		—		—
Utilities	—		—		—		—		—		28		—		28
	—		17		55		72		—		54		75		129
Mortgage-backed securities:
Financial	—		157		—		157		—		173		—		173
	14,324		174		55		14,553		13,639		227		75		13,941
Derivative contracts, at fair value⁽¹⁾	—		214		—		214		—		3		—		3
	$	14,324	$	388	$	55	$	14,767	$	13,639	$	230	$	75	$	13,944
Liabilities
Securities sold, not yet purchased, at fair value:
Equity securities:
Consumer, non-cyclical	$	794	$	—	$	—	$	794	$	—	$	—	$	—	$	—
Consumer, cyclical	—		—		—		—		334		—		—		334
	794		—		—		794		334		—		—		334
Derivative contracts, at fair value⁽²⁾	—		33		—		33		—		627		—		627
	$	794	$	33	$	—	$	827	$	334	$	627	$	—	$	961


⁽¹⁾	Included in other assets in our consolidated balance sheets.


⁽²⁾	Included in accrued expenses and other liabilities in our consolidated balance sheets.

Schedule of investments measured at fair value with Level 3 Input

The changes in investments measured at fair value for which our Investment segment has used Level 3 input to determine fair value are as follows:



	Year Ended December 31,
	2015			2014
	(in millions)
Balance at January 1	$	75		$	287
Realized and unrealized losses	(20		)	(100		)
Gross proceeds	—			(2		)
Distribution-in-kind	—			(110		)
Balance at December 31	$	55		$	75

Other Segments and Holding Company [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Other Segments and Holding Company

The following table summarizes the valuation of our Automotive, Energy and Gaming segments and our Holding Company investments and derivative contracts by the above fair value hierarchy levels as of December 31, 2015 and 2014:



	December 31, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets	(in millions)
Investments	$	123	$	115	$	237	$	475	$	75	$	3	$	163	$	241
Derivative contracts, at fair value⁽¹⁾	—		45		—		45		—		47		—		47
	$	123	$	160	$	237	$	520	$	75	$	50	$	163	$	288
Liabilities
Other liabilities	$	—	$	3	$	—	$	3	$	—	$	50	$	—	$	50
Derivative contracts, at fair value⁽²⁾	—		3		—		3		—		2		—		2
	$	—	$	6	$	—	$	6	$	—	$	52	$	—	$	52


⁽¹⁾	Amounts are classified within other assets in our consolidated balance sheets.


⁽²⁾	Amounts are classified within accrued expenses and other liabilities in our consolidated balance sheets.

Holding Company [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of investments measured at fair value with Level 3 Input

The changes in investments measured at fair value on a recurring basis for which our Gaming segment and Holding Company have used Level 3 input to determine fair value are as follows:



	Year Ended December 31,
	2015			2014
	(in millions)
Balance at January 1	$	154		$	138
Purchases	100			—
Transfers (out) in	(47		)	3
Distribution-in-kind	—			110
Realized and unrealized losses	21			(97		)
Balance at December 31	$	228		$	154

Automotive Segment [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of fair value of defined benefit plan asset [Table Text Block]

The following table presents our Automotive segment's defined benefit plan assets measured at fair value on a recurring basis as of December 31, 2015 and 2014:



	December 31, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in millions)
U.S. Plans:
Cash	$	26	$	—	$	—	$	26	$	44	$	—	$	—	$	44
Investments with registered investment companies:
Equity securities	310		—		—		310		314		—		—		314
Fixed income securities	149		—		—		149		166		—		—		166
Real estate and other	27		—		—		27		25		—		—		25
Equity securities	220		—		—		220		231		—		—		231

Corporate and other	—		22		—		22		—		21		—		21
Government	17		13		—		30		16		4		—		20
Hedge funds	—		—		86		86		—		—		91		91
	$	749	$	35	$	86	$	870	$	796	$	25	$	91	$	912
Non-U.S. Plans:
Insurance contracts	$	—	$	—	$	40	$	40	$	—	$	—	$	41	$	41
Investments with registered investment companies:
Fixed income securities	13		—		—		13		10		—		—		10
Equity securities	2		—		—		2		1		—		—		1
Corporate bonds	—		2		—		2		—		2		—		2
	$	15	$	2	$	40	$	57	$	11	$	2	$	41	$	54

Schedule of Level Three Defined Benefit Plan Assets Roll Forward [Table Text Block]

The changes in U.S. and Non-U.S. plan assets measured at fair value for which our Automotive segment has used Level 3 input to determine fair value are as follows:



	Year Ended December 31,
	2015			2014
	(in millions)
U.S. Plans:
Hedge funds:
Balance at January 1	$	91		$	85
Realized/unrealized (losses) gains, net	(5		)	6
Purchases and settlements, net	—			47
Sales, net	—			(47		)
Balance at December 31	$	86		$	91



	Year Ended December 31,
	2015			2014
	(in millions)
Non-U.S. Plans:
Insurance contracts:
Balance at January 1	$	41		$	44
Realized and unrealized gains, net	1			2
Purchases and settlements, net	6			6
Proceeds	(4		)	(5		)
Foreign currency exchange rate movements	(4		)	(6		)
Balance at December 31	$	40		$	41

Railcar and Food Packaging [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of fair value of defined benefit plan asset [Table Text Block]

The following table presents our Food Packaging and Railcar segment's defined benefit plan assets measured at fair value on a recurring basis as of December 31, 2015 and 2014:



	December 31, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in millions)
U.S. and Non-U.S. Plans:
Asset category:
Cash equivalents	$	5	$	1	$	—	$	6	$	5	$	1	$	—	$	6
Equity securities	51		27		—		78		55		28		—		83
Fixed income securities	18		1		—		19		22		1		—		23
Other	5		—		21		26		6		—		21		27
	$	79	$	29	$	21	$	129	$	88	$	30	$	21	$	139

Schedule of Level Three Defined Benefit Plan Assets Roll Forward [Table Text Block]

The changes in U.S. and Non-U.S. plan assets measured at fair value for which our Food Packaging and Railcar segments have used Level 3 input to determine fair value are as follows:



	Year Ended December 31,
	2015		2014
	(in millions)
U.S. and Non-U.S. Plans:
Balance at January 1	$	21	$	21
Realized and unrealized gains, net	—		1
Purchases and settlements, net	—		(1		)
Balance at December 31	$	21	$	21