Annual report pursuant to Section 13 and 15(d)

PENSIONS AND OTHER POSTRETIREMENT BENEFITS PENSIONS AND OTHER POSTRETIREMENT BENEFITS (Schedule of Allocation of Plan Assets) (Tables)

v2.4.0.8
PENSIONS AND OTHER POSTRETIREMENT BENEFITS PENSIONS AND OTHER POSTRETIREMENT BENEFITS (Schedule of Allocation of Plan Assets) (Tables)
 12 Months Ended
Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]  
Schedule of Allocation of Plan Assets [Table Text Block]
The following table reflects the actual asset allocations for pension and VEBA plan assets as of December 31, 2013 and 2012, as well as the 2014 weighted average target asset allocations as of December 31, 2013. Equity investments include securities in large-cap, mid-cap and small-cap companies located in the U.S. and worldwide. Fixed income investments primarily include corporate bonds and government debt securities. Alternative investments include hedge funds, private equity, structured credit and real estate.
 
Pension Assets
 
VEBA Assets
Asset Category
2014
Target
Allocation
 
Percentage of
Plan Assets at
December 31,
 
2014
Target
Allocation
 
Percentage of
Plan Assets at
December 31,
2013
 
2012
 
2013
 
2012
Equity securities
46.9
%
 
51.5
%
 
45.9
%
 
10.9
%
 
10.4
%
 
42.6
%
Fixed income
28.4
%
 
26.7
%
 
29.5
%
 
69.4
%
 
66.6
%
 
32.9
%
Hedge funds
6.5
%
 
6.3
%
 
10.2
%
 
8.0
%
 
9.8
%
 
9.8
%
Private equity
5.8
%
 
3.2
%
 
3.5
%
 
2.7
%
 
2.4
%
 
2.6
%
Structured credit
6.2
%
 
6.7
%
 
6.7
%
 
4.0
%
 
5.4
%
 
5.3
%
Real estate
6.2
%
 
4.5
%
 
3.5
%
 
5.0
%
 
5.3
%
 
6.7
%
Cash
—
%
 
1.1
%
 
0.7
%
 
—
%
 
0.1
%
 
0.1
%
Total
100.0
%
 
100.0
%
 
100.0
%
 
100.0
%
 
100.0
%
 
100.0
%