XML 120 R102.htm IDEA: XBRL DOCUMENT v3.25.0.1
Pension and Postretirement Benefit Plans - Narrative (Details)
$ in Millions
 3 Months Ended 12 Months Ended
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
standardPlan
country
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Apr. 01, 2024
USD ($)
Benefit Plan Information            
Maximum amount of certain nonqualified unfunded pension and postretirement benefit plans obligations not included in benefit obligation reconciliation     $ 25 $ 25    
Discontinued operation, pension plan benefit obligation           $ 2,700
Discontinued operation, postretirement plan benefit obligation           $ 2,400
Settlements, curtailments, special termination benefits and other     808      
Plan assets payable to Solventum     $ 88      
United States            
Benefit Plan Information            
Company match of eligible compensation of employee contributions into 401(k)     5.00%      
Company cash match of employee contributions for employees hired after January 1, 2009     100.00%      
Company contribution to employer retirement income account for employees hired on or after January 1, 2009     3.00%      
Expenses related to defined contribution plans     $ 172 241 $ 241  
Original percentage medical inflation indexation by company in year     3.00%      
Revised percentage medical inflation indexation by company in year     1.50%      
Impact to the Projected Benefit Obligation (PBO) as a result of a change in mortality assumption rate     $ 450      
United States | Minimum            
Benefit Plan Information            
Company cash match of employee contributions for employees hired prior to January 1, 2009     45.00%      
United States | Maximum            
Benefit Plan Information            
Company cash match of employee contributions for employees hired prior to January 1, 2009     60.00%      
International            
Benefit Plan Information            
Expenses related to defined contribution plans     $ 87 108 $ 108  
U.S. Pension Plans            
Benefit Plan Information            
Company-sponsored retirement plans, minimum number of worldwide plans | standardPlan     72      
Company-sponsored retirement plans, number of countries | country     27      
Company contributions     $ 140 142    
U.S. Pension Plans | Minimum            
Benefit Plan Information            
Estimated pension contributions for next fiscal year     100      
U.S. Pension Plans | Maximum            
Benefit Plan Information            
Estimated pension contributions for next fiscal year     200      
U.S. Pension Plans | United States            
Benefit Plan Information            
Discontinued operation, pension plan benefit obligation     $ 0 $ 1,893    
Discount rate 5.43% 5.22% 5.64% 4.98% 5.18%  
Percentage increase (decrease) in discount rate obligation from the prior year   24.00% 0.66%      
Expected return on assets for next fiscal year (as a percent)     8.00%      
Rate of return on plan assets (as a percent)     2.30% 10.40% (17.40%)  
Number years used in the calculation of one average annual actual return on plan assets (in years)     10 years      
Number years used in the calculation of a second average annual actual return on plan assets (in years)     25 years      
Average annual actual return on plan assets over the past 10 years (as a percent)     4.60%      
Average annual actual return on plan assets over the past 25 years (as a percent)     6.30%      
Settlements, curtailments, special termination benefits and other     $ (2,387) $ (115)    
Pension payment obligations transferred $ 2,500          
Decrease for transfer 220 $ 70        
Decrease in accumulated comprehensive loss $ 220 $ 70        
Company contributions     $ 69 60    
U.S. Pension Plans | United States | Equities            
Benefit Plan Information            
Asset allocation assumption for next fiscal year (as a percent)     11.00%      
U.S. Pension Plans | United States | Private equity            
Benefit Plan Information            
Asset allocation assumption for next fiscal year (as a percent)     13.00%      
U.S. Pension Plans | United States | Fixed income            
Benefit Plan Information            
Asset allocation assumption for next fiscal year (as a percent)     63.00%      
U.S. Pension Plans | United States | Absolute return            
Benefit Plan Information            
Asset allocation assumption for next fiscal year (as a percent)     13.00%      
U.S. Pension Plans | United States | Primary U.S. Qualified Pension Plan            
Benefit Plan Information            
Expected return on assets (as a percent)     7.63%      
U.S. Pension Plans | International            
Benefit Plan Information            
Company-sponsored retirement plans, number of countries | country     18      
Discontinued operation, pension plan benefit obligation     $ 0 $ 620    
Discount rate     4.44% 3.99% 4.39%  
Settlements, curtailments, special termination benefits and other     $ (59) $ (58)    
Company contributions     $ 71 82    
Company-sponsored retirement plans, minimum number of international plans | standardPlan     26      
U.S. Pension Plans | International | Level 3            
Benefit Plan Information            
Defined benefit plan increase (decrease) related to aggregate of net purchases and net unrealized gains and losses     $ (43) 138    
Defined benefit plan increase (decrease) related to currency exchange rates     (37) 6    
Defined benefit plan increase (decrease) related to Level 3 assets     (80) 144    
Postretirement Benefits            
Benefit Plan Information            
Discontinued operation, pension plan benefit obligation     $ 0 $ 250    
Discount rate     5.68% 5.06% 5.25%  
Percentage increase (decrease) in discount rate obligation from the prior year     0.62%      
Settlements, curtailments, special termination benefits and other     $ (6) $ (6)    
Company contributions     $ 14 $ 10    
Percentage of plan assets within 401h account     91.00%      
Postretirement Benefits | United States            
Benefit Plan Information            
Discount rate   5.19%        
Percentage increase (decrease) in discount rate obligation from the prior year   25.00%        
Pension and Postretirement Benefit plans | United States            
Benefit Plan Information            
Impact to the Projected Benefit Obligation (PBO) as a result of a change in discount rate     $ 700