Obligations and Funded Status
| Pension benefits | Other postretirement benefits |
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| December 31, | 2013 | 2012 | 2013 | 2012 | ||||||||||||
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Change in benefit obligation |
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Benefit obligation at beginning of year |
$ | 14,751 | $ | 13,526 | $ | 2,863 | $ | 2,844 | ||||||||
|
Service cost |
213 | 203 | 17 | 14 | ||||||||||||
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Interest cost |
611 | 647 | 114 | 132 | ||||||||||||
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Amendments |
82 | 6 | - | - | ||||||||||||
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Actuarial (gains) losses |
(849 | ) | 1,120 | (170 | ) | 107 | ||||||||||
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Settlements |
(13 | ) | - | - | - | |||||||||||
|
Benefits paid, net of participants’ contributions |
(841 | ) | (833 | ) | (249 | ) | (256 | ) | ||||||||
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Medicare Part D subsidy receipts |
- | - | 20 | 21 | ||||||||||||
|
Foreign currency translation impact |
(224 | ) | 82 | (3 | ) | 1 | ||||||||||
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Benefit obligation at end of year* |
$ | 13,730 | $ | 14,751 | $ | 2,592 | $ | 2,863 | ||||||||
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Change in plan assets |
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Fair value of plan assets at beginning of year |
$ | 11,043 | $ | 10,311 | $ | - | $ | 8 | ||||||||
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Actual return on plan assets |
109 | 925 | - | - | ||||||||||||
|
Employer contributions |
473 | 571 | - | - | ||||||||||||
|
Participants’ contributions |
27 | 32 | - | - | ||||||||||||
|
Benefits paid |
(825 | ) | (822 | ) | - | (8 | ) | |||||||||
|
Administrative expenses |
(40 | ) | (42 | ) | - | - | ||||||||||
|
Settlements |
(17 | ) | - | - | - | |||||||||||
|
Foreign currency translation impact |
(190 | ) | 68 | - | - | |||||||||||
|
Fair value of plan assets at end of year* |
$ | 10,580 | $ | 11,043 | $ | - | $ | - | ||||||||
|
Funded status* |
$ | (3,150 | ) | $ | (3,708 | ) | $ | (2,592 | ) | $ | (2,863 | ) | ||||
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Less: Amounts attributed to joint venture partners |
(25 | ) | (40 | ) | (4 | ) | (4 | ) | ||||||||
|
Net funded status |
$ | (3,125 | ) | $ | (3,668 | ) | $ | (2,588 | ) | $ | (2,859 | ) | ||||
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Amounts recognized in the Consolidated Balance Sheet consist of: |
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Noncurrent assets |
$ | 88 | $ | 86 | $ | - | $ | - | ||||||||
|
Current liabilities |
(30 | ) | (32 | ) | (234 | ) | (256 | ) | ||||||||
|
Noncurrent liabilities |
(3,183 | ) | (3,722 | ) | (2,354 | ) | (2,603 | ) | ||||||||
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Net amount recognized |
$ | (3,125 | ) | $ | (3,668 | ) | $ | (2,588 | ) | $ | (2,859 | ) | ||||
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Amounts recognized in Accumulated Other Comprehensive Loss consist of: |
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Net actuarial loss |
$ | 5,198 | $ | 5,880 | $ | 389 | $ | 593 | ||||||||
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Prior service cost (benefit) |
94 | 119 | (57 | ) | (76 | ) | ||||||||||
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Total, before tax effect |
5,292 | 5,999 | 332 | 517 | ||||||||||||
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Less: Amounts attributed to joint venture partners |
38 | 54 | (1 | ) | (1 | ) | ||||||||||
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Net amount recognized, before tax effect |
$ | 5,254 | $ | 5,945 | $ | 333 | $ | 518 | ||||||||
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Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss consist of: |
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Net actuarial (gain) loss |
$ | (193 | ) | $ | 1,073 | $ | (169 | ) | $ | 107 | ||||||
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Amortization of accumulated net actuarial loss |
(489 | ) | (384 | ) | (35 | ) | (25 | ) | ||||||||
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Prior service cost |
- | 9 | - | - | ||||||||||||
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Amortization of prior service (cost) benefit |
(25 | ) | (19 | ) | 19 | 16 | ||||||||||
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Total, before tax effect |
(707 | ) | 679 | (185 | ) | 98 | ||||||||||
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Less: Amounts attributed to joint venture partners |
(16 | ) | 8 | - | - | |||||||||||
|
Net amount recognized, before tax effect |
$ | (691 | ) | $ | 671 | $ | (185 | ) | $ | 98 | ||||||
| * | At December 31, 2013, the benefit obligation, fair value of plan assets, and funded status for U.S. pension plans were $10,643, $7,909, and $(2,734), respectively. At December 31, 2012, the benefit obligation, fair value of plan assets, and funded status for U.S. pension plans were $11,521, $8,437, and $(3,084), respectively. |