|
|
|
Brazil |
|
||||||||||
|
|
|
December 31, 2017 |
|
December 31, 2016 |
|
||||||||
|
|
|
Overfunded |
|
Underfunded |
|
Other benefits |
|
Overfunded |
|
Underfunded |
|
Other benefits |
|
|
Discount rate to determine benefit obligation |
|
9.74% - 9.85 |
% |
9.84 |
% |
9.74% - 9.91 |
% |
10.98% - 11.14 |
% |
10.98 |
% |
10.98% - 11.09 |
% |
|
Nominal average rate to determine expense/ income |
|
9.74% - 9.85 |
% |
9.84 |
% |
N/A |
|
10.98% - 11.14 |
% |
10.98 |
% |
N/A |
|
|
Nominal average rate of salary increase |
|
4.25% - 6.34 |
% |
4.25% - 6.34 |
% |
N/A |
|
4.85% - 5.95 |
% |
6.95 |
% |
N/A |
|
|
Nominal average rate of benefit increase |
|
4.85 |
% |
4.85 |
% |
N/A |
|
6.00 |
% |
6.00 |
% |
N/A |
|
|
Immediate health care cost trend rate |
|
N/A |
|
N/A |
|
7.38 |
% |
N/A |
|
N/A |
|
8.00 |
% |
|
Ultimate health care cost trend rate |
|
N/A |
|
N/A |
|
7.38 |
% |
N/A |
|
N/A |
|
8.00 |
% |
|
Nominal average rate of price inflation |
|
4.25 |
% |
4.25 |
% |
4.25 |
% |
4.85 |
% |
4.85 |
% |
4.85 |
% |
|
|
|
Foreign |
|
||||||
|
|
|
December 31, 2017 |
|
December 31, 2016 |
|
||||
|
|
|
Underfunded |
|
Other benefits |
|
Underfunded |
|
Other benefits |
|
|
Discount rate to determine benefit obligation |
|
3.26 |
% |
3.44 |
% |
3.84 |
% |
3.90 |
% |
|
Nominal average rate to determine expense/ income |
|
3.84 |
% |
N/A |
|
4.01 |
% |
N/A |
|
|
Nominal average rate of salary increase |
|
3.27 |
% |
N/A |
|
4.05 |
% |
N/A |
|
|
Nominal average rate of benefit increase |
|
N/A |
|
3.00 |
% |
N/A |
|
3.00 |
% |
|
Immediate health care cost trend rate |
|
N/A |
|
5.99 |
% |
N/A |
|
6.30 |
% |
|
Ultimate health care cost trend rate |
|
N/A |
|
4.56 |
% |
N/A |
|
4.50 |
% |
|
Nominal average rate of price inflation |
|
2.10 |
% |
2.10 |
% |
2.00 |
% |
2.00 |
% |
|
|
|
December 31, 2017 |
|
||||
|
|
|
Overfunded pension plans |
|
Underfunded pension plans |
|
Other benefits |
|
|
Nominal discount rate - 1% increase |
|
|
|
|
|
|
|
|
Actuarial liability balance |
|
3,126 |
|
3,943 |
|
1,232 |
|
|
Assumptions made |
|
10.75 |
% |
4.85 |
% |
5.61 |
% |
|
|
|
|
|
|
|
|
|
|
Nominal discount rate - 1% reduction |
|
|
|
|
|
|
|
|
Actuarial liability balance |
|
3,715 |
|
5,073 |
|
1,620 |
|
|
Assumptions made |
|
8.75 |
% |
2.85 |
% |
3.61 |
% |