Annual report pursuant to Section 13 and 15(d)

PENSION AND OTHER POSTRETIREMENT BENEFITS (Details 2)

v2.4.0.8
PENSION AND OTHER POSTRETIREMENT BENEFITS (Details 2) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Pension
     
Changes in benefit obligations and plan assets recognized in other comprehensive income      
Amortization of prior service (cost) credit $ 1,000,000 $ (1,000,000) $ (2,000,000)
Recognized net actuarial gain (loss) (86,000,000) (61,000,000) (53,000,000)
Incurred prior service cost (credit)    1,000,000 1,000,000
Incurred actuarial (gain) loss (168,000,000) 124,000,000 138,000,000
Foreign exchange translation adjustments 10,000,000 16,000,000   
Total recognized in other comprehensive income (243,000,000) 79,000,000 84,000,000
Total amount recognized in net periodic benefit cost and other comprehensive income (156,000,000) 143,000,000 152,000,000
Net actuarial loss anticipated to be recognized in the next fiscal year 57,000,000    
U.S. Plans
     
Pension and other postretirement benefits      
Total accumulated benefit obligation 2,231,000,000 2,417,000,000  
Plans with accumulated benefit obligation in excess of plan assets:      
Accumulated benefit obligation 212,000,000 216,000,000  
Plans with projected benefit obligation in excess of plan assets:      
Projected benefit obligation 243,000,000 254,000,000  
Components of Net Periodic Benefit Cost      
Service cost 70,000,000 58,000,000 51,000,000
Interest cost 93,000,000 103,000,000 109,000,000
Expected return on plan assets (167,000,000) (157,000,000) (151,000,000)
Amortization of prior service (credit) cost (1,000,000) (1,000,000) (1,000,000)
Recognized net actuarial loss 62,000,000 47,000,000 39,000,000
Net periodic benefit cost 57,000,000 50,000,000 47,000,000
Non-U.S. Plans
     
Pension and other postretirement benefits      
Total accumulated benefit obligation 1,309,000,000 1,167,000,000  
Plans with accumulated benefit obligation in excess of plan assets:      
Accumulated benefit obligation        
Plans with projected benefit obligation in excess of plan assets:      
Projected benefit obligation        
Components of Net Periodic Benefit Cost      
Service cost 21,000,000 21,000,000 20,000,000
Interest cost 57,000,000 59,000,000 58,000,000
Expected return on plan assets (72,000,000) (81,000,000) (74,000,000)
Amortization of prior service (credit) cost    1,000,000 3,000,000
Recognized net actuarial loss 24,000,000 14,000,000 14,000,000
Net periodic benefit cost 30,000,000 14,000,000 21,000,000
Other Postretirement Benefits
     
Components of Net Periodic Benefit Cost      
Interest cost 17,000,000 21,000,000 24,000,000
Amortization of prior service (credit) cost    (5,000,000) (8,000,000)
Recognized net actuarial loss 6,000,000 3,000,000   
Other    1,000,000 1,000,000
Net periodic benefit cost 23,000,000 20,000,000 17,000,000
Changes in benefit obligations and plan assets recognized in other comprehensive income      
Amortization of prior service (cost) credit    5,000,000 8,000,000
Recognized net actuarial gain (loss) (6,000,000) (3,000,000)   
Incurred prior service cost (credit)    (4,000,000)   
Incurred actuarial (gain) loss (49,000,000) 20,000,000 16,000,000
Other    (1,000,000)   
Total recognized in other comprehensive income (55,000,000) 17,000,000 24,000,000
Total amount recognized in net periodic benefit cost and other comprehensive income (32,000,000) 37,000,000 41,000,000
Net actuarial loss anticipated to be recognized in the next fiscal year $ 0    
Less Significant Defined Benefit Plan
     
Pension and other postretirement benefits      
Number of countries with less significant defined benefit plans 14    
Maximum percentage of defined benefit plan assets included in Plans reflected in Other liabilities and deferred revenue (as a percent) 2.00%    
Maximum percentage of defined benefit plan obligations included in Plans reflected in Other liabilities and deferred revenue (as a percent) 4.00%    
Less Significant Postretirement Plans
     
Pension and other postretirement benefits      
Number of countries with less significant defined benefit plans 4    
Maximum percentage of defined benefit plan obligations included in Plans reflected in Other liabilities and deferred revenue (as a percent) 5.00%