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Pensions, Other Post-employment Benefits and Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Costs
Components of net periodic benefit cost (credit) for the years ended December 31, 2015, 2014 and 2013 are as follows:
 
Pension Benefits
 
Other Post-Employment Benefits
 
Year Ended December 31,
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
 
(in millions)
Service cost
$
19

 
$
16

 
$
16

 
$

 
$

 
$

Interest cost
66

 
76

 
69

 
13

 
15

 
11

Expected return on plan assets
(71
)
 
(74
)
 
(70
)
 

 

 

Amortization of actuarial losses
26

 
10

 
27

 
5

 
3

 
6

Amortization of prior service credit

 

 

 
(4
)
 
(5
)
 
(9
)
Settlement (gain) loss

 
(2
)
 
1

 

 

 

Curtailment gain
(2
)
 

 

 

 

 
(40
)
 
$
38

 
$
26

 
$
43

 
$
14

 
$
13


$
(32
)
Automotive Segment [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
The following provides disclosures for our Automotive segment's benefit obligations, plan assets, funded status, recognition in the consolidated balance sheets and inputs and valuation assumptions:
 
Pension Benefits
 
Other
Post-Employment Benefits
 
United States Plans
 
Non-U.S. Plans
 
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
(in millions)
Change in benefit obligation:
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation, beginning of year
$
1,291

 
$
1,184

 
$
575

 
$
450

 
$
368

 
$
335

Service cost
3

 
3

 
16

 
12

 

 

Interest cost
48

 
52

 
10

 
16

 
13

 
15

Employee contributions

 

 

 

 

 

Benefits paid
(89
)
 
(96
)
 
(24
)
 
(28
)
 
(23
)
 
(26
)
Medicare subsidies received

 

 

 

 
3

 
1

Plan amendments

 

 

 

 

 
8

Curtailments

 

 
(3
)
 
(1
)
 

 

Settlements

 
(3
)
 

 

 

 

Actuarial losses (gains) and changes in actuarial assumptions
(32
)
 
151

 
(75
)
 
112

 
(35
)
 
36

Net transfers in (out)

 

 
45

 
73

 

 

Currency translation

 

 
(57
)
 
(59
)
 
(3
)
 
(1
)
Benefit obligation, end of year
1,221

 
1,291

 
487

 
575

 
323

 
368

 
 
 
 
 
 
 
 
 
 
 
 
Change in plan assets:
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets, beginning of year
912

 
909

 
54

 
55

 

 

Actual return on plan assets
(27
)
 
43

 
2

 
3

 

 

Employee contributions

 

 

 

 

 

Company contributions
74

 
56

 
30

 
30

 
20

 
25

Benefits paid
(89
)
 
(96
)
 
(24
)
 
(28
)
 
(23
)
 
(26
)
Expenses

 

 

 

 

 

Medicare subsidies received

 

 

 

 
3

 
1

Currency translation

 

 
(5
)
 
(6
)
 

 

Fair value of plan assets, end of year
870

 
912

 
57

 
54

 

 

Funded status of the plan
$
(351
)
 
$
(379
)
 
$
(430
)
 
$
(521
)
 
$
(323
)
 
$
(368
)
 
 
 
 
 
 
 
 
 
 
 
 
Amounts recognized in the consolidated balance sheets:
 
 
 
 
 
 
 
 
 
 
 
Net liability recognized
$
(351
)
 
$
(379
)
 
$
(430
)
 
$
(521
)
 
$
(323
)
 
$
(368
)
 
 
 
 
 
 
 
 
 
 
 
 
Amounts recognized in accumulated other comprehensive loss, inclusive of tax impacts:
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss
$
452

 
$
409

 
$
72

 
$
151

 
$
56

 
$
95

Prior service cost (credit)

 

 
1

 
2

 
(10
)
 
(14
)
Total
$
452

 
$
409

 
$
73

 
$
153

 
$
46

 
$
81

Schedule of Assumptions Used [Table Text Block]
Weighted-average assumptions used to determine the benefit obligation as of December 31, 2015 and 2014:
 
Pension Benefits
 
Other
Post-Employment Benefits
 
United States Plans
 
Non-U.S. Plans
 
 
December 31,
 
December 31,
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
(in millions)
Discount rate
4.15
%
 
3.85
%
 
2.72
%
 
1.77
%
 
4.18
%
 
3.84
%
Rate of compensation increase
n/a

 
n/a

 
3.19
%
 
3.16
%
 
n/a

 
n/a


Weighted-average assumptions used to determine net periodic benefit cost (credit) for the years ended December 31, 2015 and 2014:
 
Pension Benefits
 
Other
Post-Employment Benefits
 
United States Plans
 
Non-U.S. Plans
 
 
Year Ended December 31,
 
Year Ended
December 31,
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
(in millions)
Discount rate
3.85
%
 
4.55
%
 
1.77
%
 
3.49
%
 
3.84
%
 
4.45
%
Expected return on plan assets
6.55
%
 
6.95
%
 
3.52
%
 
4.18
%
 
n/a

 
n/a

Rate of compensation increase
n/a

 
n/a

 
3.16
%
 
3.13
%
 
n/a

 
n/a

Schedule of projected benefit obligation in excess of plan assets [Table Text Block]
Information for defined benefit plans with projected benefit obligations in excess of plan assets:
 
Pension Benefits
 
Other
Post-Employment Benefits
 
United States Plans
 
Non-U.S. Plans
 
 
December 31,
 
December 31,
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
(in millions)
Projected benefit obligation
$
1,221

 
$
1,291

 
$
486

 
$
574

 
$
323

 
$
368

Fair value of plan assets
870

 
912

 
56

 
53

 

 

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
Information for pension plans with accumulated benefit obligations in excess of plan assets:
 
Pension Benefits
 
United States Plans
 
Non-U.S. Plans
 
December 31,
 
2015
 
2014
 
2015
 
2014
 
(in millions)
Projected benefit obligation
$
1,221

 
$
1,291

 
$
482

 
$
555

Accumulated benefit obligation
1,221

 
1,291

 
445

 
514

Fair value of plan assets
870

 
912

 
53

 
42

Schedule of Health Care Cost Trend Rates [Table Text Block]
The assumed health care and drug cost trend rates used to measure next year's post-employment healthcare benefits are as follows:
 
Other Post-Employment Benefits
 
2015
 
2014
Initial health care cost trend rate
6.97%
 
7.25%
Ultimate health care cost trend rate
5.00%
 
5.00%
Year ultimate health care cost trend rate reached
2022
 
2022
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
The assumed health care cost trend rate has a significant impact on the amounts reported for OPEB plans. The following table illustrates the sensitivity to a change in the assumed health care cost trend rate:
 
Total Service and
Interest Cost
 
APBO
 
(in millions)
100 basis point (“bp”) increase in health care cost trend rate
$
1

 
$
28

100 bp decrease in health care cost trend rate
(1
)
 
(24
)
Schedule of Expected Benefit Payments [Table Text Block]
Federal-Mogul's projected benefit payments from the plans are estimated as follows:
 
 
Pension Benefits
 
Other Post-Employment Benefits
Years
 
United States Plans
 
Non-U.S. Plans
 
 
 
(in millions)
2016
 
$
84

 
$
24

 
$
24

2017
 
85

 
24

 
24

2018
 
88

 
23

 
24

2019
 
88

 
24

 
24

2020
 
87

 
25

 
24

2021-2025
 
399

 
135

 
110

Railcar and Food Packaging [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
The following table provides disclosures for ARI's and Viskase's benefit obligations, plan assets, funded status, and recognition in the consolidated balance sheets. As pension costs for ARI and Viskase are not material to our consolidated financial position and results of operations, we do not provide information regarding their inputs and valuation assumptions.
 
Pension Benefits
 
2015
 
2014
 
(in millions)
Change in benefit obligation:
 
 
 
Benefit obligation, beginning of year
$
203

 
$
176

Service cost
1

 
1

Interest cost
8

 
8

Benefits paid
(10
)
 
(10
)
Actuarial gain (loss)
(9
)
 
29

Curtailment gain
(1
)
 

Currency translation
(1
)
 
(1
)
Benefit obligation, end of year
191

 
203

Change in plan assets:
 
 
 
Fair value of plan assets, beginning of year
144

 
140

Actual return on plan assets
(3
)
 
9

Company contributions
2

 
6

Currency translation

 
(1
)
Benefits paid
(10
)
 
(10
)
Fair value of plan assets, end of year
133

 
144

Funded status of the plan
$
(58
)
 
$
(59
)
Amounts recognized in the consolidated balance sheets:
 
 
 
Net liability recognized
$
(58
)
 
$
(59
)
Amounts recognized in accumulated other comprehensive loss, inclusive of tax impacts:
 
 
 
Net actuarial (loss) gain
$
(58
)
 
$
(59
)
Total
$
(58
)
 
$
(59
)