Pension and Other Postretirement Benefits, Fair Value of Pension Plan Assets (Details) - Pension Plans [Member] - USD ($) $ in Millions | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | | $ 3,047 | $ 2,721 | | $ 2,552 |
U.S. [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Liabilities for unsettled trades, net | | (30) | (23) | | |
Fair value of company's plan assets | [1] | $ 2,704 | $ 2,421 | [2],[3] | |
Percentage of mutual fund in total investment in fixed income - investment grade securities | | 62.00% | 62.00% | | |
Percentage of pooled bond funds in total investment in fixed income - investment grade securities | | 38.00% | 38.00% | | |
U.S. [Member] | Level 1 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | | $ 1,909 | $ 1,864 | [1] | |
U.S. [Member] | Level 2 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | | 622 | 409 | [1] | |
U.S. [Member] | Level 3 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | | 0 | 0 | [1] | |
U.S. [Member] | U.S. Equity [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 1,297 | 1,331 | | |
U.S. [Member] | U.S. Equity [Member] | Level 1 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 1,297 | 1,331 | | |
U.S. [Member] | U.S. Equity [Member] | Level 2 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 0 | 0 | | |
U.S. [Member] | U.S. Equity [Member] | Level 3 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 0 | 0 | | |
U.S. [Member] | International Equity [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 87 | 85 | | |
U.S. [Member] | International Equity [Member] | Level 1 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 87 | 85 | | |
U.S. [Member] | International Equity [Member] | Level 2 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 0 | 0 | | |
U.S. [Member] | International Equity [Member] | Level 3 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 0 | 0 | | |
U.S. [Member] | Fixed Income - Investment Grade [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [4] | 534 | 414 | | |
U.S. [Member] | Fixed Income - Investment Grade [Member] | Level 1 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [4] | 329 | 255 | | |
U.S. [Member] | Fixed Income - Investment Grade [Member] | Level 2 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [4] | 205 | 159 | | |
U.S. [Member] | Fixed Income - Investment Grade [Member] | Level 3 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [4] | 0 | 0 | | |
U.S. [Member] | Fixed Income - High Yield [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [5] | 219 | 136 | | |
U.S. [Member] | Fixed Income - High Yield [Member] | Level 1 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [5] | 0 | 0 | | |
U.S. [Member] | Fixed Income - High Yield [Member] | Level 2 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [5] | 219 | 136 | | |
U.S. [Member] | Fixed Income - High Yield [Member] | Level 3 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [5] | 0 | 0 | | |
U.S. [Member] | Real Estate Investment Trusts [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [6] | 196 | 193 | | |
U.S. [Member] | Real Estate Investment Trusts [Member] | Level 1 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [6] | 196 | 193 | | |
U.S. [Member] | Real Estate Investment Trusts [Member] | Level 2 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [6] | 0 | 0 | | |
U.S. [Member] | Real Estate Investment Trusts [Member] | Level 3 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [6] | 0 | 0 | | |
U.S. [Member] | Other [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [7] | 198 | 114 | | |
U.S. [Member] | Other [Member] | Level 1 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [7] | 0 | 0 | | |
U.S. [Member] | Other [Member] | Level 2 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [7] | 198 | 114 | | |
U.S. [Member] | Other [Member] | Level 3 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [7] | 0 | 0 | | |
U.S. [Member] | Total Assets at Fair Value [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | | 2,531 | 2,273 | | |
U.S. [Member] | Other Investments Measured at Net Asset Value [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [2],[3] | 203 | 171 | | |
Canada [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Liabilities for unsettled trades, net | | 0 | 0 | | |
Fair value of company's plan assets | [1] | $ 343 | $ 300 | [2],[3] | |
Percentage of mutual fund investment in equity trust funds | | 31.00% | 55.00% | | |
Percentage of pooled bond fund investment in equity trust funds | | 69.00% | 45.00% | | |
Canada [Member] | Level 1 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | | $ 184 | $ 188 | [1] | |
Canada [Member] | Level 2 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | | 37 | 27 | [1] | |
Canada [Member] | Level 3 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | | 0 | 0 | [1] | |
Canada [Member] | U.S. Equity [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 71 | 79 | | |
Canada [Member] | U.S. Equity [Member] | Level 1 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 71 | 79 | | |
Canada [Member] | U.S. Equity [Member] | Level 2 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 0 | 0 | | |
Canada [Member] | U.S. Equity [Member] | Level 3 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 0 | 0 | | |
Canada [Member] | International Equity [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 105 | 104 | | |
Canada [Member] | International Equity [Member] | Level 1 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 105 | 104 | | |
Canada [Member] | International Equity [Member] | Level 2 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 0 | 0 | | |
Canada [Member] | International Equity [Member] | Level 3 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [1] | 0 | 0 | | |
Canada [Member] | Fixed Income - Investment Grade [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [4] | 0 | 0 | | |
Canada [Member] | Fixed Income - Investment Grade [Member] | Level 1 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [4] | 0 | 0 | | |
Canada [Member] | Fixed Income - Investment Grade [Member] | Level 2 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [4] | 0 | 0 | | |
Canada [Member] | Fixed Income - Investment Grade [Member] | Level 3 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [4] | 0 | 0 | | |
Canada [Member] | Fixed Income - High Yield [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [5] | 0 | 0 | | |
Canada [Member] | Fixed Income - High Yield [Member] | Level 1 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [5] | 0 | 0 | | |
Canada [Member] | Fixed Income - High Yield [Member] | Level 2 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [5] | 0 | 0 | | |
Canada [Member] | Fixed Income - High Yield [Member] | Level 3 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [5] | 0 | 0 | | |
Canada [Member] | Real Estate Investment Trusts [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [6] | 0 | 0 | | |
Canada [Member] | Real Estate Investment Trusts [Member] | Level 1 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [6] | 0 | 0 | | |
Canada [Member] | Real Estate Investment Trusts [Member] | Level 2 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [6] | 0 | 0 | | |
Canada [Member] | Real Estate Investment Trusts [Member] | Level 3 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [6] | 0 | 0 | | |
Canada [Member] | Other [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [7] | 45 | 32 | | |
Canada [Member] | Other [Member] | Level 1 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [7] | 8 | 5 | | |
Canada [Member] | Other [Member] | Level 2 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [7] | 37 | 27 | | |
Canada [Member] | Other [Member] | Level 3 [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [7] | 0 | 0 | | |
Canada [Member] | Total Assets at Fair Value [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | | 221 | 215 | | |
Canada [Member] | Other Investments Measured at Net Asset Value [Member] | | | | | |
Equity securities [Abstract] | | | | | |
Fair value of company's plan assets | [2],[3] | $ 122 | $ 85 | | |
| |
[1] | Equity securities consist of investments in common stock of U.S. and international companies. The fair value of equity securities is based on quoted market prices available in active markets at the close of a trading day, primarily the New York Stock Exchange (NYSE), National Association of Securities Dealers Automated Quotations (NASDAQ), and various international exchanges. | |
[2] | All of the U.S. plans other investments measured using NAV at December 31, 2017 and 2016 and approximately 31% and 55% at December 31, 2017 and 2016, respectively, of the Canadian plans other investments measured using NAV consist of a regulated commingled equity trust fund, for which fair value is based on the NAV at the end of each month. The NAV is calculated by the fund manager based on the fair value of the fund's holdings, primarily equity securities traded in active markets, determined as of the end of each month as a practical expedient to estimating fair value. This practical expedient is not used when it is determined to be probable that the fund will sell the investment for an amount different than the reported NAV. Withdrawals are permitted, with notice by the 20th day of each month, based on NAV. Approximately 69% and 45% at December 31, 2017 and 2016, respectively, of the Canadian plans other investments measured using NAV are invested in regulated commingled bond funds (the "Bond Funds"). As these Bond Funds do not trade in an active market, the fair value is based on NAVs calculated by fund managers based on yields currently available on comparable bonds of issuers with similar credit ratings, quoted prices of similar bonds in an active market, or cash flows based on observable inputs as a practical expedient to estimating fair value and classified as Level 2. Withdrawals are permitted monthly, with notice between 0 and 3 days of the transaction date, based on NAV. | |
[3] | In accordance with ASU 2015-07, certain investments that are measured at fair value using the net asset value (NAV) per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the statements of financial position. | |
[4] | Approximately 62% at December 31, 2017 and 2016 of U.S. plan assets that are invested in the Fixed Income - Investment Grade asset category consist of a mutual fund offered by a registered investment company (the Fund) and fixed income securities. The Fund invests in investment grade fixed income securities, mortgaged-backed securities, U.S. treasury and agency bonds and corporate bonds. These investments are classified by the Company as a Level 1 measurement within the fair value hierarchy, as the mutual fund trades on an active market and daily, quoted prices are available. The remaining 38% at December 31, 2017 and 2016 of U.S. plan assets are fixed income securities, primarily investment grade corporate bonds from various industries held directly by the plan. The fair values of these investments are based on yields currently available on comparable bonds of issuers with similar credit ratings, quoted prices of similar bonds in an active market, or cash flows based on observable inputs and are classified as Level 2. | |
[5] | Fixed Income - High Yield consists of investments in corporate high-yield bonds from various industries. The fair values of these investments are based on yields currently available on comparable bonds of issuers with similar credit ratings, quoted prices of similar bonds in an active market, or cash flows based on observable inputs. | |
[6] | Real Estate Investment Trusts (REITs) consist of securities that trade on the major exchanges and invest directly in real estate, either through properties or mortgages. | |
[7] | Other consists primarily of: (1) money market accounts, which invest primarily in short-term, high quality money market securities such as government obligations, commercial paper, time deposits and certificates of deposit, and are classified as Level 2, and (2) cash, which is classified as Level 1. | |