Rendering

Component: (Network and Table)
Network
2316301 - Disclosure - Benefit Obligations (Tables)
(http://www.celanese.com/role/BenefitObligationsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Compensation and Retirement Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Compensation and Retirement Disclosure [Abstract]
 
Schedule of Contributions to Multiemployer Defined Benefit Pension Plans
Contributions made by the Company to the German multiemployer plan are as follows:
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(In $ millions)
Multiemployer defined benefit plan
7

 
6

 
8

 
 
Schedule of Postemployment Obligations
Postemployment obligations are as follows:
 
As of December 31,
 
2016
 
2015
 
(In $ millions)
Postemployment benefits
9

 
11

 
 
Schedule of Contributions to Defined Contribution Plans
The amount of costs recognized for the Company's defined contribution plans are as follows:
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(In $ millions)
Defined contribution plans
43

 
44

 
40

 
 
Schedule of Company's Pension and Post Retirement Benefit Plans
Summarized information on the Company's pension and postretirement benefit plans is as follows:
 
Pension Benefits
As of December 31,
 
Postretirement Benefits
As of December 31,
 
2016
 
2015
 
2016
 
2015
 
(In $ millions)
Change in Projected Benefit Obligation
 
 
 
 
 
 
 
Projected benefit obligation as of beginning of period
3,635

 
3,915

 
66

 
85

Service cost
8

 
12

 

 
1

Interest cost
113

 
139

 
2

 
3

Participant contributions

 

 

 
1

Plan amendments

 

 

 
(6
)
Net actuarial (gain) loss(1)
102

 
(141
)
 
3

 
(8
)
Settlements
(1
)
 

 

 

Benefits paid
(232
)
 
(234
)
 
(4
)
 
(5
)
Federal subsidy on Medicare Part D

 

 

 

Curtailments

 
(1
)
 

 

Special termination benefits
3

 
2

 

 

Exchange rate changes
(18
)
 
(65
)
 

 
(5
)
Other

 
8

 

 

Projected benefit obligation as of end of period
3,610

 
3,635

 
67

 
66

Change in Plan Assets
 
 
 
 
 
 
 
Fair value of plan assets as of beginning of period
2,508

 
2,789

 

 

Actual return on plan assets
177

 
(67
)
 

 

Employer contributions
346

 
59

 
4

 
4

Participant contributions

 

 

 
1

Settlements
(1
)
 

 

 

Benefits paid(2)
(232
)
 
(234
)
 
(4
)
 
(5
)
Exchange rate changes
(14
)
 
(39
)
 

 

Fair value of plan assets as of end of period
2,784

 
2,508

 

 

Funded status as of end of period
(826
)
 
(1,127
)
 
(67
)
 
(66
)
Amounts Recognized in the Consolidated Balance Sheets Consist of:
 
 
 
 
 
 
 
Noncurrent Other assets
22

 
16

 

 

Current Other liabilities
(25
)
 
(25
)
 
(5
)
 
(4
)
Benefit obligations
(823
)
 
(1,118
)
 
(62
)
 
(62
)
Net amount recognized
(826
)
 
(1,127
)
 
(67
)
 
(66
)
Amounts Recognized in Accumulated Other Comprehensive Income Consist of:
 
 
 
 
 
 
 
Net actuarial (gain) loss(3)
18

 
16

 

 

Prior service (benefit) cost
(1
)
 
(1
)
 
(1
)
 
(4
)
Net amount recognized(4)
17

 
15

 
(1
)
 
(4
)
______________________________
(1) 
Primarily relates to change in discount rates.
(2) 
Includes benefit payments to nonqualified pension plans of $22 million and $22 million as of December 31, 2016 and 2015, respectively.
(3) 
Relates to the pension plans of the Company's equity method investments.
(4) 
Amount shown net of an income tax benefit of $4 million and $3 million as of December 31, 2016 and 2015, respectively, in the consolidated statements of equity (Note 17).
 
 
Schedule of Percentage of US and International Projected Benefit Obligation
The percentage of US and international projected benefit obligation at the end of the period is as follows:
 
Pension Benefits
As of December 31,
 
Postretirement Benefits
As of December 31,
 
2016
 
2015
 
2016
 
2015
 
(In percentages)
US plans
85
 
86
 
57
 
61
International plans
15
 
14
 
43
 
39
 Total
100
 
100
 
100
 
100
 
 
Schedule of Percentage of US and International Fair Value of Plan Assets
The percentage of US and international fair value of plan assets at the end of the period is as follows:
 
Pension Benefits
As of December 31,
 
2016
 
2015
 
(In percentages)
US plans
88
 
87
International plans
12
 
13
Total
100
 
100
 
 
Schedule of Pension Plans with Projected Benefit Obligations in Excess of Plan Assets
Pension plans with projected benefit obligations in excess of plan assets are as follows:
 
As of December 31,
 
2016
 
2015
 
(In $ millions)
Projected benefit obligation
3,559

 
3,588

Fair value of plan assets
2,711

 
2,445

 
 
Schedule of Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets
Included in the above table are pension plans with accumulated benefit obligations in excess of plan assets as follows:
 
As of December 31,
 
2016
 
2015
 
(In $ millions)
Accumulated benefit obligation
3,538

 
3,570

Fair value of plan assets
2,708

 
2,442

 
 
Schedule of Accumulated Benefit Obligation for All Defined Benefit Pension Plans
The accumulated benefit obligation for all defined benefit pension plans is as follows:
 
As of December 31,
 
2016
 
2015
 
(In $ millions)
Accumulated benefit obligation
3,591

 
3,619

 
 
Schedule of Net Periodic Benefit Costs
The components of net periodic benefit cost are as follows:
 
Pension Benefits
Year Ended December 31,
 
Postretirement Benefits
Year Ended December 31,
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
 
(In $ millions)
Service cost
8

 
12

 
11

 

 
1

 
1

Interest cost
113

 
139

 
168

 
2

 
3

 
4

Expected return on plan assets
(177
)
 
(209
)
 
(214
)
 

 

 

Amortization of prior service cost / (credit)

 

 

 
(3
)
 

 
(83
)
Recognized actuarial (gain) loss
101

(1) 
134

(2) 
339

(3) 
2

 
(7
)
 
11

Curtailment (gain) loss

 
(3
)
 

 

 

 

Settlement (gain) loss

 

 
(78
)
 

 

 

Special termination benefit
3

 
2

 

 

 

 

Total
48

 
75

 
226

 
1

 
(3
)
 
(67
)
______________________________
(1) 
Includes a gain of $48 million reflecting the incorporation of the RP-2016 mortality tables into the actuarial assumptions for the US pension plans.
(2) 
Includes a gain of $62 million reflecting the incorporation of the RP-2015 mortality tables into the actuarial assumptions for the US pension plans.
(3) 
Includes a loss of $53 million reflecting the incorporation of the RP-2014 mortality tables into the actuarial assumptions for the US pension plans.
 
 
Schedule of Amortization of Accumulated Other Comprehensive Income (Loss), Net Into Net Periodic Benefit Cost
Amortization of Accumulated other comprehensive income (loss), net into net periodic benefit cost in 2017 is expected to be as follows:
 
Pension
Benefits
 
Postretirement
Benefits
 
(In $ millions)
Prior service cost

 
(2
)
 
 
Schedule of Nonqualified Pension Plans Funded with Nonqualified Trusts
The Company maintains nonqualified pension plans funded with nonqualified trusts for certain US employees as follows:
 
As of December 31,
 
2016
 
2015
 
(In $ millions)
Nonqualified Trust Assets
 
 
 
Marketable securities, at fair value
30

 
30

Noncurrent Other assets, consisting of insurance contracts
49

 
55

Nonqualified Pension Obligations
 
 
 
Current Other liabilities
22

 
22

Benefit obligations
241

 
246

 
 
Schedule of Expense Related to Nonqualified Pension Plans Included in Net Periodic Benefit Cost, Excluding Returns on Assets
Expense relating to the nonqualified pension plans included in net periodic benefit cost, excluding returns on the assets held by the nonqualified trusts, is as follows:
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(In $ millions)
Total
18

 

(1) 
43

______________________________
(1) 
Actuarial gain offset interest cost.
 
 
Schedule of Principle Weighted Average Assumptions Used to Determine Benefit Obligations and Benefit Cost
The principal weighted average assumptions used to determine benefit obligation are as follows:
 
Pension Benefits
As of December 31,
 
Postretirement Benefits
As of December 31,
 
2016
 
2015
 
2016
 
2015
 
(In percentages)
Discount Rate Obligations
 
 
 
 
 
 
 
US plans
3.9
 
4.2
 
3.8
 
4.0
International plans
2.1
 
2.6
 
3.3
 
3.6
Combined
3.7
 
4.0
 
3.4
 
3.7
Rate of Compensation Increase
 
 
 
 
 
 
 
US plans
N/A
 
N/A
 
 
 
 
International plans
2.8
 
2.7
 
 
 
 
Combined
2.8
 
2.7
 
 
 
 
The principal weighted average assumptions used to determine net periodic benefit cost are as follows:
 
Pension Benefits
Year Ended December 31,
 
Postretirement Benefits
Year Ended December 31,
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
 
(In percentages)
Discount Rate Obligations
 
 
 
 
 
 
 
 
 
 
 
US plans
4.2
 
3.9
 
4.7
 
4.0
 
3.7
 
4.3
International plans
2.6
 
2.4
 
3.7
 
3.6
 
3.5
 
4.5
Combined
4.0
 
3.7
 
4.6
 
3.9
 
3.6
 
4.4
Discount Rate Service Cost(1)
 
 
 
 
 
 
 
 
 
 
 
US plans
4.5
 
3.9
 
4.7
 
4.2
 
3.7
 
4.3
International plans
3.1
 
2.4
 
3.7
 
3.8
 
3.5
 
4.5
Combined
3.1
 
3.7
 
4.6
 
3.8
 
3.6
 
4.4
Discount Rate Interest Cost(1)
 
 
 
 
 
 
 
 
 
 
 
US plans
3.4
 
3.9
 
4.7
 
3.1
 
3.7
 
4.3
International plans
2.2
 
2.4
 
3.7
 
3.1
 
3.5
 
4.5
Combined
3.2
 
3.7
 
4.6
 
3.1
 
3.6
 
4.4
Expected Return on Plan Assets
 
 
 
 
 
 
 
 
 
 
 
US plans
7.5
 
8.0
 
8.5
 
 
 
 
 
 
International plans
6.1
 
6.0
 
6.2
 
 
 
 
 
 
Combined
7.3
 
7.8
 
8.2
 
 
 
 
 
 
Rate of Compensation Increase
 
 
 
 
 
 
 
 
 
 
 
US plans
N/A
 
N/A
 
3.0
 
 
 
 
 
 
International plans
2.7
 
2.8
 
2.8
 
 
 
 
 
 
Combined
2.7
 
2.8
 
3.0
 
 
 
 
 
 
______________________________
(1) 
Weighted-average discount rates in 2016 reflect the adoption of the full yield curve approach.
 
 
Schedule of Health Care Cost Trend Rates
The Company's health care cost trend assumptions for US postretirement medical plan's net periodic benefit cost are as follows:
 
As of December 31,
 
2016
 
2015
 
2014
 
(In percentages, except year)
Health care cost trend rate assumed for next year
9.5
 
10.0
 
7.0
Health care cost trend ultimate rate
5.0
 
5.0
 
5.0
Health care cost trend ultimate rate year
2026
 
2026
 
2020
 
 
Schedule of Impact of One-Percentage-Point Change in Assumed Health Care Cost Trend
The impact of a one percentage point change in the assumed health care cost trend is as follows:
 
Trend Rate Change
 
Decreases 1%
 
Increases 1%
 
(In $ millions)
Postretirement obligations
2

 
2

Service and interest cost

 

 
 
Schedule of Weighted Average Target Asset Allocations
The weighted average target asset allocations for the Company's pension plans in 2016 are as follows:
 
US
Plans
 
International
Plans
 
(In percentages)
Bonds - domestic to plans
54
 
58
Equities - domestic to plans
26
 
16
Equities - international to plans
20
 
Other
 
26
Total
100
 
100
 
 
Schedule of Fair Values of Pension Plan Assets
 
Fair Value Measurement
 
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Total
 
As of December 31,
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
(In $ millions)
Assets
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
2

 
4

 

 

 
2

 
4

Derivatives
 
 
 
 
 
 
 
 
 
 
 
Swaps

 

 
2

 
25

 
2

 
25

Other

 

 

 

 

 

Equity securities
 
 
 
 
 
 
 
 
 
 
 
US companies
260

 
241

 

 

 
260

 
241

International companies
345

 
327

 

 

 
345

 
327

Fixed income
 
 
 
 
 
 
 
 
 
 
 
Corporate debt

 

 
798

 
692

 
798

 
692

Treasuries, other debt
37

 
25

 
793

 
742

 
830

 
767

Mortgage backed securities

 

 
7

 
5

 
7

 
5

Insurance contracts

 

 
31

 
32

 
31

 
32

Other
24

 
18

 

 

 
24

 
18

Total investments, at fair value(1)
668

 
615

 
1,631

 
1,496

 
2,299

 
2,111

Liabilities
 
 
 
 
 
 
 
 
 
 
 
Derivatives
 
 
 
 
 
 
 
 
 
 
 
Swaps

 

 
2

 
25

 
2

 
25

Other

 

 
1

 

 
1

 

Total liabilities

 

 
3

 
25

 
3

 
25

Total net assets(2)
668

 
615

 
1,628

 
1,471

 
2,296

 
2,086

______________________________
(1) 
(2) 
Total net assets excludes non-financial plan receivables and payables of $20 million and $10 million, respectively, as of December 31, 2016 and $25 million and $14 million, respectively, as of December 31, 2015. Non-financial items include due to/from broker, interest receivables and accrued expenses.
 
 
Schedule of Company Commitments to Fund Benefit Obligations
Benefit obligation funding is as follows:
 
Total
Expected
2017
 
(In $ millions)
Cash contributions to defined benefit pension plans
20

Benefit payments to nonqualified pension plans
22

Benefit payments to other postretirement benefit plans
4

 
 
Schedule of Pension Benefits Expected to be Paid from the Plans or From the Company's Assets
Pension and postretirement benefits expected to be paid are as follows:
 
Pension
Benefit
Payments(1)
 
Company Portion
of Postretirement
Benefit Cost(2)
 
(In $ millions)
2017
233

 
5

2018
231

 
5

2019
229

 
4

2020
228

 
4

2021
225

 
4

2022-2026
1,093

 
19

______________________________
(1) 
Payments are expected to be made primarily from plan assets.
(2) 
Payments are expected to be made primarily from Company assets.