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Pension and Postretirement Expense Level 3 (Tables)
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12 Months Ended |
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Dec. 31, 2014
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| Pension and Postretirement Expense [Abstract] |
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| Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block] |
The following table presents the change in benefit obligation, change in plan assets and components of funded status for the Company’s defined benefit pension and non-pension postretirement benefit plans for the years ended December 31: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pension Benefits | | Non-Pension Postretirement Benefits | | 2014 | | 2013 | | 2014 | | 2013 | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | Change in Benefit Obligation | | | | | | | | | | | | | | | | Benefit obligation at beginning of year | $ | 278 |
| | $ | 470 |
| | $ | 309 |
| | $ | 484 |
| | $ | 12 |
| | $ | 12 |
| | $ | 15 |
| | $ | 9 |
| Service cost | 3 |
| | 14 |
| | 3 |
| | 14 |
| | — |
| | — |
| | — |
| | 1 |
| Interest cost | 11 |
| | 17 |
| | 10 |
| | 18 |
| | 1 |
| | 1 |
| | — |
| | 1 |
| Actuarial losses (gains) | 33 |
| | 142 |
| | (24 | ) | | (51 | ) | | (3 | ) | | 1 |
| | (2 | ) | | (3 | ) | Foreign currency exchange rate changes | — |
| | (68 | ) | | — |
| | 20 |
| | — |
| | (1 | ) | | — |
| | (2 | ) | Benefits paid | (17 | ) | | (10 | ) | | (20 | ) | | (10 | ) | | (1 | ) | | (1 | ) | | (1 | ) | | — |
| Plan amendments | — |
| | (2 | ) | | — |
| | (6 | ) | | — |
| | (1 | ) | | — |
| | 6 |
| Plan settlements | (27 | ) | | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Employee contributions | — |
| | 1 |
| | — |
| | 1 |
| | — |
| | — |
| | — |
| | — |
| Benefit obligation at end of year | 281 |
| | 564 |
| | 278 |
| | 470 |
| | 9 |
| | 11 |
| | 12 |
| | 12 |
| Change in Plan Assets | | | | | | | | | | | | | | | | Fair value of plan assets at beginning of year | 240 |
| | 299 |
| | 225 |
| | 278 |
| | — |
| | 1 |
| | — |
| | 1 |
| Actual return on plan assets | 17 |
| | 83 |
| | 19 |
| | 3 |
| | — |
| | — |
| | — |
| | — |
| Foreign currency exchange rate changes | — |
| | (45 | ) | | — |
| | 12 |
| | — |
| | — |
| | — |
| | — |
| Employer contributions | 13 |
| | 23 |
| | 16 |
| | 15 |
| | 1 |
| | — |
| | 1 |
| | — |
| Benefits paid | (17 | ) | | (10 | ) | | (20 | ) | | (10 | ) | | (1 | ) | | (1 | ) | | (1 | ) | | — |
| Plan settlements | (23 | ) | | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Employee contributions | — |
| | 1 |
| | — |
| | 1 |
| | — |
| | — |
| | — |
| | — |
| Fair value of plan assets at end of year | 230 |
| | 351 |
| | 240 |
| | 299 |
| | — |
| | — |
| | — |
| | 1 |
| Funded status of the plan at end of year | $ | (51 | ) | | $ | (213 | ) | | $ | (38 | ) | | $ | (171 | ) | | $ | (9 | ) | | $ | (11 | ) | | $ | (12 | ) | | $ | (11 | ) |
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| Amounts Recognized in the Consolidated Balance Sheet, Accumulated Other Comprehensive Income and Other [Table Text Block] |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pension Benefits | | Non-Pension Postretirement Benefits | | 2014 | | 2013 | | 2014 | | 2013 | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | Amounts recognized in the Consolidated Balance Sheets at December 31 consist of: | | | | | | | | | | | | | | | | Noncurrent assets | $ | — |
| | $ | — |
| | $ | — |
| | $ | 7 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| Other current liabilities | (1 | ) | | (5 | ) | | — |
| | (5 | ) | | — |
| | — |
| | — |
| | — |
| Long-term pension and post employment benefit obligations | (50 | ) | | (208 | ) | | (38 | ) | | (173 | ) | | (9 | ) | | (11 | ) | | (12 | ) | | (11 | ) | Accumulated other comprehensive loss (income) | 149 |
| | 129 |
| | 140 |
| | 59 |
| | (10 | ) | | 2 |
| | (10 | ) | | 2 |
| Net amounts recognized | $ | 98 |
| | $ | (84 | ) | | $ | 102 |
| | $ | (112 | ) | | $ | (19 | ) | | $ | (9 | ) | | $ | (22 | ) | | $ | (9 | ) | Amounts recognized in Accumulated other comprehensive income at December 31 consist of: | | | | | | | | | | | | | | | | Net actuarial loss (gain) | $ | 137 |
| | $ | 140 |
| | $ | 128 |
| | $ | 66 |
| | $ | (7 | ) | | $ | (1 | ) | | $ | (6 | ) | | $ | (2 | ) | Net prior service cost (benefit) | 2 |
| | (5 | ) | | 2 |
| | (3 | ) | | — |
| | 4 |
| | — |
| | 6 |
| Deferred income taxes | 10 |
| | (6 | ) | | 10 |
| | (4 | ) | | (3 | ) | | (1 | ) | | (4 | ) | | (2 | ) | Net amounts recognized | $ | 149 |
| | $ | 129 |
| | $ | 140 |
| | $ | 59 |
| | $ | (10 | ) | | $ | 2 |
| | $ | (10 | ) | | $ | 2 |
| Accumulated benefit obligation | $ | 281 |
| | $ | 518 |
| | $ | 278 |
| | $ | 436 |
| | | | | | | | | Accumulated benefit obligation for funded plans | 279 |
| | 342 |
| | 276 |
| | 270 |
| | | | | | | | | Pension plans with underfunded or non-funded accumulated benefit obligations at December 31: | | |
| | | | | | | | | | | | | Aggregate projected benefit obligation | $ | 281 |
| | $ | 215 |
| | $ | 278 |
| | $ | 189 |
| | | | | | | | | Aggregate accumulated benefit obligation | 281 |
| | 201 |
| | 278 |
| | 181 |
| | | | | | | | | Aggregate fair value of plan assets | 230 |
| | 23 |
| | 240 |
| | 13 |
| | | | | | | | | Pension plans with projected benefit obligations in excess of plan assets at December 31: | | |
| | | | | | | | | | | | | Aggregate projected benefit obligation | $ | 281 |
| | $ | 563 |
| | $ | 278 |
| | $ | 199 |
| | | | | | | | | Aggregate fair value of plan assets | 230 |
| | 351 |
| | 240 |
| | 21 |
| | | | | | | | |
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| Schedule of Changes in Projected Benefit Obligations [Table Text Block] |
Following are the components of net pension and postretirement expense (benefit) recognized for the years ended December 31, 2014, 2013 and 2012: | | | | | | | | | | | | | | | | | | | | | | | | | | Pension Benefits | | U.S. Plans | | Non-U.S. Plans | | 2014 | | 2013 | | 2012 | | 2014 | | 2013 | | 2012 | Service cost | $ | 3 |
| | $ | 3 |
| | $ | 3 |
| | $ | 14 |
| | $ | 14 |
| | $ | 8 |
| Interest cost on projected benefit obligation | 11 |
| | 10 |
| | 12 |
| | 17 |
| | 18 |
| | 17 |
| Expected return on assets | (16 | ) | | (15 | ) | | (16 | ) | | (14 | ) | | (12 | ) | | (13 | ) | Amortization of prior service cost | — |
| | — |
| | — |
| | — |
| | 1 |
| | 1 |
| Amortization of net losses | 8 |
| | 11 |
| | 8 |
| | 3 |
| | 10 |
| | — |
| Settlement loss | 11 |
| | — |
| | — |
| | — |
| | — |
| | — |
| Net expense | $ | 17 |
| | $ | 9 |
| | $ | 7 |
| | $ | 20 |
| | $ | 31 |
| | $ | 13 |
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| | | | | | | | | | | | | | | | | | | | | | | | | | Non-Pension Postretirement Benefits | | U.S. Plans | | Non-U.S. Plans | | 2014 | | 2013 | | 2012 | | 2014 | | 2013 | | 2012 | Service cost | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 1 |
| | $ | 1 |
| Interest cost on projected benefit obligation | 1 |
| | — |
| | 1 |
| | 1 |
| | 1 |
| | — |
| Amortization of prior service benefit | — |
| | (2 | ) | | (8 | ) | | — |
| | — |
| | — |
| Amortization of net gains | (2 | ) | | — |
| | — |
| | — |
| | — |
| | (1 | ) | Net (benefit) expense | $ | (1 | ) | | $ | (2 | ) | | $ | (7 | ) | | $ | 1 |
| | $ | 2 |
| | $ | — |
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| Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] |
The following amounts were recognized in “Accumulated other comprehensive loss” during the year ended December 31, 2014: | | | | | | | | | | | | | | | | | | | | | | | | | | Pension Benefits | | Non-Pension Postretirement Benefits | | Total | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | Net actuarial losses (gains) arising during the year | $ | 17 |
| | $ | 77 |
| | $ | (3 | ) | | $ | 1 |
| | $ | 14 |
| | $ | 78 |
| Prior service benefit from plan amendments | — |
| | (2 | ) | | — |
| | (2 | ) | | — |
| | (4 | ) | Amortization of net (gains) losses | (8 | ) | | (3 | ) | | 2 |
| | — |
| | (6 | ) | | (3 | ) | Loss (gain) recognized in accumulated other comprehensive loss | 9 |
| | 72 |
| | (1 | ) | | (1 | ) | | 8 |
| | 71 |
| Deferred income taxes | — |
| | (2 | ) | | — |
| | — |
| | — |
| | (2 | ) | Loss (gain) recognized in accumulated other comprehensive loss, net of tax | $ | 9 |
| | $ | 70 |
| | $ | (1 | ) | | $ | (1 | ) | | $ | 8 |
| | $ | 69 |
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| Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block] |
The amounts in “Accumulated other comprehensive loss” that are expected to be recognized as components of net periodic benefit cost (benefit) during the next fiscal year are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Pension Benefits | | Non-Pension Postretirement Benefits | | Total | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | Net actuarial loss (gain) | $ | 8 |
| | $ | 13 |
| | $ | (1 | ) | | $ | — |
| | $ | 7 |
| | $ | 13 |
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| Weighted Average Rates Used to Determine the Benefit Obligations [Table Text Block] |
The weighted average rates used to determine the benefit obligations were as follows at December 31, 2014 and 2013: | | | | | | | | | | | | | | | | | | | | | | | | | | Pension Benefits | | Non-Pension Postretirement Benefits | | 2014 | | 2013 | | 2014 | | 2013 | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | Discount rate | 3.7 | % | | 2.2 | % | | 4.4 | % | | 3.6 | % | | 3.4 | % | | 6.1 | % | | 4.2 | % | | 7.2 | % | Rate of increase in future compensation levels | — |
| | 3.0 | % | | — |
| | 3.0 | % | | — |
| | — |
| | — |
| | — |
| The weighted average assumed health care cost trend rates are as follows at December 31: | | | | | | | | | | |
| | | | | Health care cost trend rate assumed for next year | — |
| | — |
| | — |
| | — |
| | 7.5 | % | | 6.3 | % | | 7.4 | % | | 6.3 | % | Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) | — |
| | — |
| | — |
| | — |
| | 4.5 | % | | 4.5 | % | | 4.5 | % | | 4.5 | % | Year that the rate reaches the ultimate trend rate | — |
| | — |
| | — |
| | — |
| | 2029 |
| | 2030 |
| | 2029 |
| | 2030 |
|
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| Weighted Average Rates Used to Determine Net Periodic Pension Expense Benefit [Table Text Block] |
The weighted average rates used to determine net periodic pension expense (benefit) were as follows for the years ended December 31, 2014, 2013 and 2012: | | | | | | | | | | | | | | | | | | | | Pension Benefits | | U.S. Plans | | Non-U.S. Plans | | 2014 | | 2013 | | 2012 | | 2014 | | 2013 | | 2012 | Discount rate | 4.4 | % | | 3.5 | % | | 4.4 | % | | 3.6 | % | | 3.5 | % | | 5.6 | % | Rate of increase in future compensation levels | — |
| | — |
| | — |
| | 3.0 | % | | 3.0 | % | | 3.3 | % | Expected long-term rate of return on plan assets | 7.3 | % | | 8.0 | % | | 8.0 | % | | 4.8 | % | | 4.8 | % | | 5.8 | % | | | | Non-Pension Postretirement Benefits | | U.S. Plans | | Non-U.S. Plans | | 2014 | | 2013 | | 2012 | | 2014 | | 2013 | | 2012 | Discount rate | 4.2 | % | | 3.3 | % | | 4.2 | % | | 7.2 | % | | 4.3 | % | | 5.4 | % |
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| Schedule of Allocation of Plan Assets [Table Text Block] |
| | | | | | | | | | | Actual | | Target 2015 | | 2014 | | 2013 | | Weighted average allocations of U.S. pension plan assets at December 31: | | | | | | Equity securities | 29 | % | | 35 | % | | 40 | % | Debt securities | 59 | % | | 52 | % | | 50 | % | Cash, short-term investments and other | 12 | % | | 13 | % | | 10 | % | Total | 100 | % | | 100 | % | | 100 | % | Weighted average allocations of non-U.S. pension plan assets at December 31: | | | | | | Equity securities | 19 | % | | 22 | % | | 21 | % | Debt securities | 79 | % | | 75 | % | | 79 | % | Cash, short-term investments and other | 2 | % | | 3 | % | | — | % | Total | 100 | % | | 100 | % | | 100 | % |
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| Schedule of Fair Value of U.S. Pension Plan Investments [Table Text Block] |
The following table presents U.S. pension plan investments measured at fair value on a recurring basis as of December 31, 2014 and 2013: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements Using | | 2014 | | 2013 | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Unobserv-able Inputs (Level 3) | | Total | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Unobserv-able Inputs (Level 3) | | Total | Large cap equity funds(a) | $ | — |
| | $ | 36 |
| | $ | — |
| | $ | 36 |
| | $ | — |
| | $ | 44 |
| | $ | — |
| | $ | 44 |
| Small/mid cap equity funds(a) | — |
| | 6 |
| | — |
| | 6 |
| | — |
| | 7 |
| | — |
| | 7 |
| Other international equity(a) | — |
| | 27 |
| | — |
| | 27 |
| | — |
| | 33 |
| | — |
| | 33 |
| Debt securities/fixed income(b) | — |
| | 133 |
| | — |
| | 133 |
| | — |
| | 125 |
| | — |
| | 125 |
| Cash, money market and other(c) | — |
| | 28 |
| | — |
| | 28 |
| | — |
| | 31 |
| | — |
| | 31 |
| Total | $ | — |
| | $ | 230 |
| | $ | — |
| | $ | 230 |
| | $ | — |
| | $ | 240 |
| | $ | — |
| | $ | 240 |
|
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| Schedule of Fair Value of non-U.S. Pension Plan Investments [Table Text Block] |
The following table presents non-U.S. pension plan investments measured at fair value on a recurring basis as of December 31, 2014 and 2013: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements Using | | 2014 | | 2013 | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Unobserv-able Inputs (Level 3) | | Total | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Unobserv-able Inputs (Level 3) | | Total | Other international equity(a) | $ | — |
|
| $ | 68 |
|
| $ | — |
| | $ | 68 |
| | $ | — |
| | $ | 66 |
| | $ | — |
| | $ | 66 |
| Debt securities/fixed income(a)(b) | — |
|
| 275 |
|
| — |
| | 275 |
| | — |
| | 225 |
| | — |
| | 225 |
| Pooled insurance products with fixed income guarantee(a) | — |
|
| 8 |
|
| — |
| | 8 |
| | — |
| | 8 |
| | — |
| | 8 |
| Total | $ | — |
| | $ | 351 |
| | $ | — |
| | $ | 351 |
| | $ | — |
| | $ | 299 |
| | $ | — |
| | $ | 299 |
|
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| Schedule of Expected Benefit Payments [Table Text Block] |
Estimated future plan benefit payments as of December 31, 2014 are as follows: | | | | | | | | | | | | | | | | | | Pension Benefits | | Non-Pension Postretirement Benefits | Year | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | Non-U.S. Plans | 2015 | $ | 23 |
| | $ | 10 |
| | $ | 1 |
| | $ | — |
| 2016 | 21 |
| | 11 |
| | 1 |
| | — |
| 2017 | 21 |
| | 13 |
| | 1 |
| | — |
| 2018 | 20 |
| | 14 |
| | 1 |
| | — |
| 2019 | 19 |
| | 15 |
| | 1 |
| | — |
| 2020-2024 | 83 |
| | 95 |
| | 3 |
| | 2 |
|
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