Rendering

Component: (Network and Table)
Network
2334301 - Disclosure - Pension and Postretirement Expense Level 3 (Tables)
(http://www.momentive.com/role/PensionAndPostretirementExpenseLevel3Tables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Pension and Postretirement Expense [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Pension and Postretirement Expense [Abstract]
 
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
The following table presents the change in benefit obligation, change in plan assets and components of funded status for the Company’s defined benefit pension and non-pension postretirement benefit plans for the years ended December 31:
 
Pension Benefits
 
Non-Pension Postretirement Benefits
 
2016
 
2015
 
2016
 
2015
 
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
$
249

 
$
492

 
$
281

 
$
564

 
$
7

 
$
9

 
$
9

 
$
11

Service cost
3

 
14

 
3

 
16

 

 

 

 

Interest cost
8

 
10

 
10

 
12

 

 
1

 

 
1

Actuarial (gains) losses
5

 
57

 
(20
)
 
(31
)
 

 
(1
)
 

 
(1
)
Foreign currency exchange rate changes

 
(13
)
 

 
(61
)
 

 
1

 

 
(2
)
Benefits paid
(20
)
 
(10
)
 
(22
)
 
(9
)
 
(1
)
 

 
(1
)
 

Reduction due to divestitures

 
(3
)
 

 

 

 

 

 

Plan amendments

 

 

 

 

 

 
(1
)
 

Expenses paid from assets

 

 
(3
)
 

 

 

 

 

Employee contributions

 
1

 

 
1

 

 

 

 

Other
(3
)
 

 

 

 

 

 

 

Benefit obligation at end of year
$
242

 
$
548

 
$
249

 
$
492

 
$
6

 
$
10

 
$
7

 
$
9

Change in Plan Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
$
210

 
$
316

 
$
230

 
$
351

 
$

 
$

 
$

 
$

Actual return on plan assets
17

 
33

 
(4
)
 
(4
)
 

 

 

 

Foreign currency exchange rate changes

 
(10
)
 

 
(37
)
 

 

 

 

Employer contributions
3

 
19

 
9

 
14

 
1

 

 
1

 

Benefits paid
(20
)
 
(10
)
 
(22
)
 
(9
)
 
(1
)
 

 
(1
)
 

Expenses paid from assets

 

 
(3
)
 

 

 

 

 

Employee contributions

 
1

 

 
1

 

 

 

 

Other
(3
)
 

 

 

 

 

 

 

Fair value of plan assets at end of year
207

 
349

 
210

 
316

 

 

 

 

Funded status of the plan at end of year
$
(35
)
 
$
(199
)
 
$
(39
)
 
$
(176
)
 
$
(6
)
 
$
(10
)
 
$
(7
)
 
$
(9
)
 
 
Amounts Recognized in the Consolidated Balance Sheet, Accumulated Other Comprehensive Income and Other [Table Text Block]
 
Pension Benefits
 
Non-Pension Postretirement Benefits
 
2016
 
2015
 
2016
 
2015
 
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 the Consolidated Balance Sheets at December 31 consist of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other current liabilities
$

 
$
(4
)
 
$
(1
)
 
$
(5
)
 
$

 
$

 
$
(1
)
 
$

Long-term pension and post employment benefit obligations
(35
)
 
(195
)
 
(38
)
 
(171
)
 
(6
)
 
(10
)
 
(6
)
 
(9
)
Accumulated other comprehensive loss (income)

 
(3
)
 
1

 
(4
)
 
(2
)
 
2

 
(3
)
 
2

Net amounts recognized
$
(35
)
 
$
(202
)
 
$
(38
)
 
$
(180
)
 
$
(8
)
 
$
(8
)
 
$
(10
)
 
$
(7
)
Amounts recognized in Accumulated other comprehensive income at December 31 consist of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net prior service cost (benefit)
$
1

 
$
(4
)
 
$
1

 
$
(5
)
 
$
(1
)
 
$
3

 
$
(1
)
 
$
3

Deferred income taxes (benefit) cost
(1
)
 
1

 

 
1

 
(1
)
 
(1
)
 
(2
)
 
(1
)
Net amounts recognized
$

 
$
(3
)
 
$
1

 
$
(4
)
 
$
(2
)
 
$
2

 
$
(3
)
 
$
2

Accumulated benefit obligation
$
242

 
$
504

 
$
249

 
$
458

 
 
 
 
 
 
 
 
Accumulated benefit obligation for funded plans
241

 
350

 
247

 
308

 
 
 
 
 
 
 
 
Pension plans with underfunded or non-funded accumulated benefit obligations at December 31:
 
 

 
 
 
 
 
 
 
 
 
 
 
 
Aggregate projected benefit obligation
$
242

 
$
173

 
$
249

 
$
167

 
 
 
 
 
 
 
 
Aggregate accumulated benefit obligation
242

 
164

 
249

 
158

 
 
 
 
 
 
 
 
Aggregate fair value of plan assets
207

 
9

 
210

 
8

 
 
 
 
 
 
 
 
Pension plans with projected benefit obligations in excess of plan assets at December 31:
 
 

 
 
 
 
 
 
 
 
 
 
 
 
Aggregate projected benefit obligation
$
242

 
$
548

 
$
249

 
$
492

 
 
 
 
 
 
 
 
Aggregate fair value of plan assets
207

 
349

 
210

 
316

 
 
 
 
 
 
 
 
 
 
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
Following are the components of net pension and postretirement (benefit) expense recognized for the years ended December 31, 2016, 2015 and 2014:
 
Pension Benefits
 
U.S. Plans
 
Non-U.S. Plans
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Service cost
$
3

 
$
3

 
$
3

 
$
14

 
$
16

 
$
14

Interest cost on projected benefit obligation
8

 
10

 
11

 
10

 
12

 
17

Expected return on assets
(14
)
 
(15
)
 
(17
)
 
(10
)
 
(13
)
 
(15
)
Amortization of prior service cost (benefit)
1

 

 

 
(1
)
 

 

Unrealized actuarial loss (gain)
1

 

 
29

 
35

 
(16
)
 
80

Net (benefit) expense
$
(1
)
 
$
(2
)
 
$
26

 
$
48

 
$
(1
)
 
$
96

 
Non-Pension Postretirement Benefits
 
U.S. Plans
 
Non-U.S. Plans
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Service cost
$

 
$

 
$

 
$

 
$

 
$

Interest cost on projected benefit obligation

 

 
1

 
1

 
1

 
1

Amortization of prior service benefit
(1
)
 

 

 

 

 

Unrealized actuarial (gain) loss


 

 
(4
)
 
(1
)
 
(1
)
 
2

Net (benefit) expense
$
(1
)
 
$

 
$
(3
)
 
$

 
$

 
$
3

 
 
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
The following amounts were recognized in “Accumulated other comprehensive loss” during the year ended December 31, 2016:
 
Pension Benefits
 
Non-Pension Postretirement Benefits
 
Total 
 
U.S. Plans
 
Non-U.S.
Plans
 
U.S. Plans
 
Non-U.S.
Plans
 
U.S. Plans
 
Non-U.S.
Plans
Amortization of prior service (cost) benefit
$
(1
)
 
$
1

 
$
1

 
$

 
$

 
$
1

(Gain) loss recognized in accumulated other comprehensive loss, net of tax
$
(1
)
 
$
1

 
$
1

 
$

 
$

 
$
1

 
 
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
The amounts in “Accumulated other comprehensive loss” that are expected to be recognized as components of net periodic benefit cost (benefit) during the next fiscal year are less than $1.
 
 
Weighted Average Rates Used to Determine the Benefit Obligations [Table Text Block]
The weighted average rates used to determine the benefit obligations were as follows at December 31, 2016 and 2015:
 
Pension Benefits
 
Non-Pension Postretirement Benefits
 
2016
 
2015
 
2016
 
2015
 
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
Discount rate
3.9
%
 
1.9
%
 
4.1
%
 
2.3
%
 
3.5
%
 
6.0
%
 
3.4
%
 
5.5
%
Rate of increase in future compensation levels

 
2.4
%
 

 
2.4
%
 

 

 

 

The weighted average assumed health care cost trend rates are as follows at December 31:
 
 
 
 
 
 
 
 
 
 

 
 
 
 
Health care cost trend rate assumed for next year

 

 

 

 
6.8
%
 
5.9
%
 
7.0
%
 
6.2
%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)

 

 

 

 
4.5
%
 
4.5
%
 
4.5
%
 
4.5
%
Year that the rate reaches the ultimate trend rate

 

 

 

 
2029

 
2030

 
2029

 
2030

 
 
Weighted Average Rates Used to Determine Net Periodic Pension Expense Benefit [Table Text Block]
The weighted average rates used to determine net periodic pension expense (benefit) were as follows for the years ended December 31, 2016, 2015 and 2014:
 
Pension Benefits
 
U.S. Plans
 
Non-U.S. Plans
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Discount rate
4.1
%
 
3.7
%
 
4.4
%
 
2.3
%
 
2.2
%
 
3.6
%
Rate of increase in future compensation levels

 

 

 
2.4
%
 
3.0
%
 
3.0
%
Expected long-term rate of return on plan assets
6.7
%
 
7.0
%
 
7.3
%
 
3.1
%
 
3.8
%
 
4.8
%
 
 
 
Non-Pension Postretirement Benefits
 
U.S. Plans
 
Non-U.S. Plans
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Discount rate
3.4
%
 
3.4
%
 
4.2
%
 
5.5
%
 
6.1
%
 
7.2
%
 
 
Schedule of Allocation of Plan Assets [Table Text Block]
 
Actual
 
Target 2017
 
2016
 
2015
 
Weighted average allocations of U.S. pension plan assets at December 31:
 
 
 
 
 
Equity securities
32
%
 
32
%
 
36
%
Debt securities
53
%
 
55
%
 
54
%
Cash, short-term investments and other
15
%
 
13
%
 
10
%
Total
100
%
 
100
%
 
100
%
Weighted average allocations of non-U.S. pension plan assets at December 31:
 
 
 
 
 
Equity securities
23
%
 
21
%
 
22
%
Debt securities
74
%
 
77
%
 
78
%
Cash, short-term investments and other
3
%
 
2
%
 
%
Total
100
%
 
100
%
 
100
%
 
 
Schedule of Fair Value of U.S. Pension Plan Investments [Table Text Block]
The following table presents U.S. pension plan investments measured at fair value on a recurring basis as of December 31, 2016 and 2015:
 
Fair Value Measurements Using
 
2016
 
2015
 
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1) 
 
Significant
Other
Observable
Inputs
(Level 2)
 
Unobserv-able
Inputs
(Level 3)
 
Total
 
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1) 
 
Significant
Other
Observable
Inputs
(Level 2)
 
Unobserv-able
Inputs
(Level 3)
 
Total
Large cap equity funds (1)
$

 
$
35

 
$

 
$
35

 
$

 
$
38

 
$

 
$
38

Small/mid cap equity funds (1)

 
6

 

 
6

 

 
5

 

 
5

International equity funds (1)

 
25

 

 
25

 

 
25

 

 
25

Fixed income securities (1)

 
110

 

 
110

 

 
114

 

 
114

Cash equivalents (2)

 
4

 

 
4

 

 
3

 

 
3

 
$

 
$
180

 
$

 
$
180

 
$

 
$
185

 
$

 
$
185

Investments measured at fair value using net asset value as a practical expedient:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment receivable (3)
 
 
 
 
 
 
$
12

 
 
 
 
 
 
 
$

Other funds (4)
 
 
 
 
 
 
15

 
 
 
 
 
 
 
25

Total
 
 
 
 
 
 
$
207

 
 
 
 
 
 
 
$
210

 
 
Schedule of Fair Value of non-U.S. Pension Plan Investments [Table Text Block]
The following table presents non-U.S. pension plan investments measured at fair value on a recurring basis as of December 31, 2016 and 2015:
 
Fair Value Measurements Using
 
2016
 
2015
 
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1) 
 
Significant
Other
Observable
Inputs
(Level 2)
 
Unobserv-able
Inputs
(Level 3)
 
Total
 
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1) 
 
Significant
Other
Observable
Inputs
(Level 2)
 
Unobserv-able
Inputs
(Level 3)
 
Total
Pooled insurance products with fixed income guarantee (1)
$

 
$
9

 
$

 
$
9

 
$

 
$
8

 
$

 
$
8

 
$

 
$
9

 
$

 
$
9

 
$

 
$
8

 
$

 
$
8

Investments measured at fair value using net asset value as a practical expedient:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other international equity funds (4)
 
 
 
 
 
 
$
82

 
 
 
 
 
 
 
$
65

Other fixed income securities (4)
 
 
 
 
 
 
258

 
 
 
 
 
 
 
243

Total
 
 
 
 
 
 
$
349

 
 
 
 
 
 
 
$
316

 
 
Schedule of Expected Benefit Payments [Table Text Block]
Estimated future plan benefit payments as of December 31, 2016 are as follows:
 
Pension Benefits
 
Non-Pension
Postretirement Benefits 
Year
U.S.
Plans
 
Non-U.S.
Plans
 
U.S.
Plans
 
Non-U.S.
Plans
2017
$
20

 
$
11

 
$
1

 
$

2018
20

 
11

 
1

 

2019
19

 
11

 
1

 

2020
18

 
12

 
1

 

2021
18

 
12

 
1

 

2022-2026
78

 
80

 
2

 
3