Registration of securities issued in business combination transactions

EMPLOYEE BENEFIT PLANS (Tables)

v2.4.0.6
EMPLOYEE BENEFIT PLANS (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2012
Dec. 31, 2011
EMPLOYEE BENEFIT PLANS    
Schedule of funded status of the plans and the amounts recognized in the consolidated balance sheets  

 

 

 
  Defined Benefit Plans   Other Postretirement Benefit Plans  
 
  2011   2010   2011   2010  
 
  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

   $ 761   $ 2,255   $ 705   $ 2,152   $ 129   $ 7   $ 127   $ 8  

Service cost

     23     44     21     44     3     -     3     -  

Interest cost

     44     110     40     102     7     1     7     -  

Participant contributions

     -     14     -     13     5     -     4     -  

Plan amendments

     -     (1 )   -     -     -     -     -     -  

Foreign currency exchange rate changes

     -     (13 )   -     (23 )   -     (1 )   -     -  

Settlements/transfers

     -     (20 )   -     (10 )   -     -     -     -  

Curtailments

     -     (38 )   -     -     -     -     -     -  

Special termination benefits

     -     8     -     -     -     -     -     -  

Actuarial loss

     47     83     34     64     1     -     5     -  

Benefits paid

     (41 )   (111 )   (39 )   (87 )   (17 )   (1 )   (17 )   (1 )
                                   

Benefit obligation at end of year

   $ 834   $ 2,331   $ 761   $ 2,255   $ 128   $ 6   $ 129   $ 7  
                                   

Change in plan assets

                                                  

Fair value of plan assets at beginning of year

   $ 517   $ 2,025   $ 461   $ 1,880   $ -   $ -   $ -   $ -  

Actual return on plan assets

     (7 )   43     61     163     -     -     -     -  

Foreign currency exchange rate changes

     -     (10 )   -     (15 )   -     -     -     -  

Participant contributions

     -     14     -     13     5     -     4     -  

Other

     -     (1 )   -     2     -     -     -     -  

Company contributions

     69     86     34     79     12     1     13     1  

Settlements/transfers

     -     (20 )   -     (10 )   -     -     -     -  

Benefits paid

     (41 )   (111 )   (39 )   (87 )   (17 )   (1 )   (17 )   (1 )
                                   

Fair value of plan assets at end of year

   $ 538   $ 2,026   $ 517   $ 2,025   $ -   $ -   $ -   $ -  
                                   

Funded status

                                                  

Fair value of plan assets

   $ 538   $ 2,026   $ 517   $ 2,025   $ -   $ -   $ -   $ -  

Benefit obligation

     834     2,331     761     2,255     128     6     129     7  
                                   

Accrued benefit cost

   $ (296 ) $ (305 ) $ (244 ) $ (230 ) $ (128 ) $ (6 ) $ (129 ) $ (7 )
                                   

Amounts recognized in balance sheet

                                                  

Noncurrent asset

   $ -   $ 100   $ -   $ 75   $ -   $ -   $ -   $ -  

Current liability

     (6 )   (6 )   (5 )   (6 )   (12 )   -     (12 )   -  

Noncurrent liability

     (290 )   (399 )   (239 )   (299 )   (116 )   (6 )   (117 )   (7 )
                                   

 

   $ (296 ) $ (305 ) $ (244 ) $ (230 ) $ (128 ) $ (6 ) $ (129 ) $ (7 )
                                   
Schedule of amounts recognized in accumulated other comprehensive loss (income)  

 

 
  Defined Benefit Plans   Other Postretirement
Benefit Plans 		 
 
  2011   2010   2011   2010  
 
  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 accumulated other comprehensive loss (income)

                                                  

Net actuarial loss

   $ 368   $ 636   $ 284   $ 513   $ 25   $ 1   $ 26   $ 1  

Prior service cost

     (22 )   2     (27 )   2     (10 )   -     (13 )   -  

Transition obligation

     1     -     1     -     -     -     -     -  
                                   

 

   $ 347   $ 638   $ 258   $ 515   $ 15   $ 1   $ 13   $ 1  
                                   
Schedule of amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year  

 

 
  Defined Benefit Plans   Other Postretirement
Benefit Plans 		 
 
  U.S.
Plans 		  Non-U.S.
Plans 		  U.S.
Plans 		  Non-U.S.
Plans 		 

Actuarial loss

   $ 21   $ 28   $ 2   $ -  

Prior service cost

     (5 )   (2 )   (3 )   -  
                   

Total

   $ 16   $ 26   $ (1 ) $ -  
                   
Components of the net periodic benefit costs

 

 
  Defined Benefit
Plans 		  Other
Postretirement
Benefit Plans 		 
 
  Three months
ended
September 30, 		  Three months
ended
September 30, 		 
 
  2012   2011   2012   2011  

Service cost

   $ 12   $ 18   $ 1   $ -  

Interest cost

     36     39     2     2  

Expected return on assets

     (45 )   (47 )   -     -  

Amortization of prior service cost

     (2 )   (2 )   (1 )   (1 )

Amortization of actuarial loss

     13     9     -     1  

Settlement loss

     8     -     -     -  
                   

Net periodic benefit cost

   $ 22   $ 17   $ 2   $ 2  
                   


 

 
  Defined
Benefit Plans 		  Other
Postretirement
Benefit Plans 		 
 
  Nine months
ended
September 30, 		  Nine months
ended
September 30, 		 
 
  2012   2011   2012   2011  

Service cost

   $ 43   $ 51   $ 3   $ 2  

Interest cost

     109     116     5     6  

Expected return on assets

     (136 )   (141 )   -     -  

Amortization of prior service cost

     (6 )   (5 )   (2 )   (2 )

Amortization of actuarial loss

     37     26     1     1  

Settlement loss

     8     -     -     -  
                   

Net periodic benefit cost

   $ 55   $ 47   $ 7   $ 7  
                   

 

 
  Defined Benefit Plans  
 
  U.S. plans   Non-U.S. plans  
 
  2011   2010   2009   2011   2010   2009  

Service cost

   $ 23   $ 21   $ 20   $ 44   $ 44   $ 43  

Interest cost

     44     40     41     110     102     102  

Expected return on plan assets

     (47 )   (42 )   (41 )   (140 )   (121 )   (104 )

Amortization of transition obligation

     -     -     -     -     -     1  

Amortization of prior service cost

     (4 )   (5 )   (5 )   (2 )   (1 )   (1 )

Amortization of actuarial loss

     16     11     7     21     19     33  

Settlement loss

     -     -     2     -     -     -  

Special termination benefits

     -     -     -     8     -     2  
                           

Net periodic benefit cost

   $ 32   $ 25   $ 24   $ 41   $ 43   $ 76  
                           


 

 
  Other Postretirement Benefit Plans  
 
  U.S. plans   Non-U.S. plans  
 
  2011   2010   2009   2011   2010   2009  

Service cost

   $ 3   $ 3   $ 3   $ -   $ -   $ 3  

Interest cost

     7     7     8     1     -     -  

Amortization of prior service cost

     (3 )   (3 )   (4 )   -     -     -  

Amortization of actuarial loss

     2     1     1     -     -     -  
                           

Net periodic benefit cost

   $ 9   $ 8   $ 8   $ 1   $ -   $ 3  
                           
Schedule of amounts recognized in net periodic benefit cost and other comprehensive income (loss)  

 

 

 
  Defined Benefit Plans  
 
  U.S. plans   Non-U.S. plans  
 
  2011   2010   2009   2011   2010   2009  

Current year actuarial loss (gain)

   $ 101   $ 16   $ (7 ) $ 182   $ 20   $ (124 )

Amortization of actuarial gain

     (16 )   (11 )   (7 )   (21 )   (19 )   (33 )

Current year prior service (credit) cost

     -     -     -     (2 )   -     1  

Amortization of prior service cost

     4     4     5     2     1     1  

Amortization of transition asset

     -     -     -     -     -     (1 )

Curtailment effects

     -     -     -     (38 )   -     (12 )

Settlements

     -     -     (2 )   -     -     -  
                           

Total recognized in other comprehensive loss (income)

     89     9     (11 )   123     2     (168 )

Net periodic benefit cost

     32     25     24     41     43     76  
                           

Total recognized in net periodic benefit cost and other comprehensive loss (income)

   $ 121   $ 34   $ 13   $ 164   $ 45   $ (92 )
                           

 

 
  Other Postretirement Benefit Plans  
 
  U.S. plans   Non-U.S. plans  
 
  2011   2010   2009   2011   2010   2009  

Current year actuarial loss (gain)

   $ 1   $ 5   $ (14 ) $ -   $ -   $ -  

Amortization of actuarial gain

     (1 )   (2 )   (1 )   -     -     -  

Current year prior service credit

     -     -     (5 )   -     -     -  

Amortization of prior service cost

     2     3     4     -     -     -  
                           

Total recognized in other comprehensive loss (income)

     2     6     (16 )   -     -     -  

Net periodic benefit cost

     9     8     8     1     -     3  
                           

Total recognized in net periodic benefit cost and other comprehensive loss (income)

   $ 11   $ 14   $ (8 ) $ 1   $ -   $ 3  
                           
Schedule of weighted-average assumptions used to determine the projected benefit obligation and the net periodic pension cost  

 

 

 
  Defined Benefit Plans  
 
  U.S. plans   Non U.S. plans  
 
  2011   2010   2009   2011   2010   2009  

Projected benefit obligation

                                      

Discount rate

     5.30 %   5.70 %   5.90 %   4.39 %   4.69 %   4.94 %

Rate of compensation increase

     3.88 %   3.88 %   3.88 %   3.44 %   3.38 %   3.23 %

Net periodic pension cost

                                      

Discount rate

     5.70 %   5.90 %   6.47 %   4.69 %   4.94 %   5.04 %

Rate of compensation increase

     3.88 %   3.88 %   3.77 %   3.38 %   3.23 %   3.21 %

Expected return on plan assets

     8.19 %   8.20 %   8.25 %   6.62 %   6.65 %   6.62 %


 

 
  Other Postretirement Benefit Plans  
 
  U.S. plans   Non U.S. plans  
 
  2011   2010   2009   2011   2010   2009  

Projected benefit obligation

                                      

Discount rate

     5.09 %   5.46 %   5.59 %   6.09 %   6.69 %   7.47 %

Net periodic pension cost

                                      

Discount rate

     5.46 %   5.59 %   6.39 %   6.69 %   7.47 %   7.60 %
Schedule of effect on one-percent-point change in assumed health care cost trend rates  

 

 

 
  Increase   Decrease  

Asset category

              

Effect on total of service and interest cost

   $ -   $ -  

Effect on postretirement benefit obligation

     4     (4 )
Schedule of projected benefit obligation and fair value of plan assets for the defined benefit plans with projected benefit obligations in excess of fair value of plan assets  

 

 

 
  U.S. plans   Non-U.S. plans  
 
  2011   2010   2011   2010  

Projected benefit obligation in excess of plan assets

                          

Projected benefit obligation

   $ 834   $ 761   $ 1,897   $ 1,797  

Fair value of plan assets

     538     517     1,492     1,493  
Schedule of defined benefit plans with an accumulated benefit obligation in excess of fair value of plan assets  

 

 

 
  U.S. plans   Non-U.S. plans  
 
  2011   2010   2011   2010  

Accumulated benefit obligation in excess of plan assets

                          

Projected benefit obligation

   $ 834   $ 761   $ 1,618   $ 745  

Accumulated benefit obligation

     789     712     1,500     684  

Fair value of plan assets

     538     517     1,251     514  
Schedule of expected future contributions and benefit payments  

 

 

 
  U.S. Plans   Non-U.S. Plans  
 
  Defined
Benefit
Plans 		  Other
Postretirement
Benefit
Plans 		  Defined
Benefit
Plans 		  Other
Postretirement
Benefit
Plans 		 

2012 expected employer contributions

                          

To plan trusts

   $ 72   $ 11   $ 70   $ 1  

Expected benefit payments

                          

2012

     58     11     97     1  

2013

     59     11     91     1  

2014

     50     11     93     1  

2015

     50     11     99     1  

2016

     53     11     101     1  

2017 - 2021

     302     50     546     2  
Schedule of plan assets measured at fair value on a recurring basis  

 

 

 
   
  Fair Value Amounts Using  
Asset category
  December 31,
2011 		  Quoted prices in
active markets
for identical
assets (Level 1) 		  Significant other
observable
inputs
(Level 2) 		  Significant
unobservable
inputs
(Level 3) 		 

U.S. pension plans:

                          

Equities

   $ 294   $ 166   $ 128   $ -  

Fixed income

     170     106     64     -  

Real estate/other

     72     45     -     27  

Cash

     2     2     -     -  
                   

Total U.S. pension plan assets

   $ 538   $ 319   $ 192   $ 27  
                   

Non-U.S. pension plans:

                          

Equities

   $ 771   $ 361   $ 410   $ -  

Fixed income

     923     304     619     -  

Real estate/other

     316     1     281     34  

Cash

     16     16     -     -  
                   

Total non-U.S. pension plan assets

   $ 2,026   $ 682   $ 1,310   $ 34  
                   


 

 
   
  Fair Value Amounts Using  
Asset category
  December 31,
2010 		  Quoted prices in
active markets
for identical
assets (Level 1) 		  Significant other
observable
inputs
(Level 2) 		  Significant
unobservable
inputs
(Level 3) 		 

U.S. pension plans:

                          

Equities

   $ 295   $ 174   $ 121   $ -  

Fixed income

     155     97     57     1  

Real estate/other

     64     45     -     19  

Cash

     3     3     -     -  
                   

Total U.S. pension plan assets

   $ 517   $ 319   $ 178   $ 20  
                   

Non-U.S. pension plans:

                          

Equities

   $ 868   $ 440   $ 428   $ -  

Fixed income

     891     244     647     -  

Real estate/other

     248     2     213     33  

Cash

     18     18     -     -  
                   

Total non-U.S. pension plan assets

   $ 2,025   $ 704   $ 1,288   $ 33  
                   
Reconciliation of the beginning and ending balances of plan assets measured at fair value using unobservable inputs (level 3)  

 

 

 
  Real Estate/Other  
Fair Value Measurements of Plan Assets Using Significant Unobservable Inputs (Level 3)
  Year ended
December 31,
2011 		  Year ended
December 31,
2010 		 

Balance at beginning of period

   $ 52   $ 33  

Return on pension plan assets

     (1 )   3  

Purchases, sales and settlements

     10     16  
           

Balance at end of period

   $ 61   $ 52  
           

 

 
  Fixed Income  
Fair Value Measurements of Plan Assets Using Significant Unobservable Inputs (Level 3)
  Year ended
December 31,
2011 		  Year ended
December 31,
2010 		 

Balance at beginning of period

   $ 1   $ -  

Return on pension plan assets

     -     -  

Purchases, sales and settlements

     (1 )   1  
           

Balance at end of period

   $ -   $ 1  
           
Schedule of asset allocation for pension plans and the target allocation, by asset category  

 

 

Asset category
  Target
Allocation
2012 		  Allocation at
December 31,
2011 		  Allocation at
December 31,
2010 		 

U.S. pension plans:

                    

Equities

     54 %   55 %   57 %

Fixed income

     33 %   32 %   30 %

Real estate/other

     13 %   13 %   12 %

Cash

     -     -     1 %
               

Total U.S. pension plans

     100 %   100 %   100 %
               

Non-U.S. pension plans:

                    

Equities

     39 %   38 %   43 %

Fixed income

     45 %   46 %   44 %

Real estate/other

     15 %   15 %   12 %

Cash

     1 %   1 %   1 %
               

Total non-U.S. pension plans

     100 %   100 %   100 %