PENSIONS AND OTHER POSTRETIREMENT BENEFITS (Assumed Health Care Cost Trend Rates) (Details) |
12 Months Ended | |
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Dec. 31, 2016 |
Dec. 31, 2015 |
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Compensation and Retirement Disclosure [Abstract] | ||
Health care cost trend rate assumed for next year | 6.50% | 6.75% |
Ultimate health care cost trend rate | 5.00% | 5.00% |
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- References No definition available.
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- Definition The assumed health care cost trend rate for the next year used to measure the expected cost of benefits covered by the plan (gross eligible charges). This is based upon the annual rate of change in the cost of health care benefits currently provided by the postretirement benefit plan, due to factors other than changes in the composition of the plan population by age and dependency status. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The ultimate trend rate for health care costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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