Pension Benefits | Other Postretirement Benefits | ||||||||||||
U.S. Plans | Non-U.S. Plans (1) | U.S. Plans | Non-U.S. Plans (1) | ||||||||||
December 31, 2013: | |||||||||||||
Weighted average discount rate | 5.15% | 1.94% | 5.15% | 6.47% | |||||||||
Rate of compensation increase | 3.50 | % | - | 7.50% | 2.00 | % | - | 5.50% | N/A | N/A | |||
December 31, 2012: | |||||||||||||
Weighted average discount rate | 4.20% | 1.98% | 4.20% | 4.94% | |||||||||
Rate of compensation increase | 3.50 | % | - | 7.50% | 2.01 | % | - | 5.50% | N/A | N/A | |||
(1) | Reflects those assumptions that were most appropriate for the local economic environments of each of the Subsidiaries providing such benefits. |
Pension Benefits | Other Postretirement Benefits | ||||||||||||
U.S. Plans | Non-U.S. Plans (1) | U.S. Plans | Non-U.S. Plans (1) | ||||||||||
Year Ended December 31, 2013: | |||||||||||||
Weighted average discount rate | 4.20% | 1.98% | 4.20% | 5.01% | |||||||||
Weighted average expected rate of return on plan assets | 6.25% | 2.07% | 5.76% | 7.25% | |||||||||
Rate of compensation increase | 3.50 | % | - | 7.50% | 1.50 | % | - | 5.50% | N/A | N/A | |||
Year Ended December 31, 2012: | |||||||||||||
Weighted average discount rate | 4.95% | 2.35% | 4.95% | 5.78% | |||||||||
Weighted average expected rate of return on plan assets | 7.00% | 3.35% | 6.26% | 6.54% | |||||||||
Rate of compensation increase | 3.50 | % | - | 7.50% | 2.00 | % | - | 4.00% | N/A | N/A | |||
Year Ended December 31, 2011: | |||||||||||||
Weighted average discount rate | 5.80% | 2.40% | 5.80% | 6.34% | |||||||||
Weighted average expected rate of return on plan assets | 7.25% | 3.19% | 7.25% | 7.01% | |||||||||
Rate of compensation increase | 3.50 | % | - | 7.50% | 3.00 | % | - | 5.50% | N/A | N/A | |||
(1) | Reflects those assumptions that were most appropriate for the local economic environments of each of the Subsidiaries providing such benefits. |