XML 32 R15.htm IDEA: XBRL DOCUMENT
v3.22.1

Employee Benefit Plans | 3 Months Ended
--- | ---
Mar. 31, 2022
Retirement Benefits [Abstract] |
Pension and Other Postretirement Benefits Disclosure [Text Block] | Employee Benefit Plans Pension and Postretirement Plans. We sponsor both funded and unfunded domestic and foreign defined benefit pension and postretirement benefit (PRB) plans and defined contribution plans. Contributions to our plans were as follows:
| Quarter Ended March 31, |  |
(dollars in millions) | 2022 |  | 2021 |  |  |  |
U.S. qualified defined benefit plans | $ | — |  |  | $ | — |  |  |  |  |
International defined benefit plans | 12 |  |  | 7 |  |  |  |  |
PRB plans | 5 |  |  | — |  |  |  |  |
Defined contribution plans | 311 |  |  | 271 |  |  |  |  |
The amounts recognized in the Condensed Consolidated Balance Sheet consist of:
(dollars in millions) | March 31, 2022 |  | December 31, 2021
Noncurrent pension assets (included in Other assets) | $ | 3,538 |  |  | $ | 3,214 |
Current pension and PRB liabilities (included in Accrued employee compensation) | 310 |  |  | 310 |
Future pension and postretirement benefit obligations | 7,709 |  |  | 7,855 |
The amounts recognized in Future pension and postretirement benefit obligations consist of:
(dollars in millions) | March 31, 2022 |  | December 31, 2021
Noncurrent pension liabilities | $ | 6,748 |  |  | $ | 6,873 |
Noncurrent PRB liabilities | 898 |  |  | 903 |
Other pension and PRB related items | 63 |  |  | 79 |
Future pension and postretirement benefit obligations | $ | 7,709 |  |  | $ | 7,855 |
The components of net periodic benefit (income) expense for our defined pension and PRB plans were as follows:
| Pension Benefits Quarter Ended March 31, |  | PRB Quarter Ended March 31,
(dollars in millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Operating expense |  |  |  |  |  |  |
Service cost | $ | 118 |  |  | $ | 131 |  |  | $ | 2 |  |  | $ | 2 |
Non-operating expense |  |  |  |  |  |  |
Interest cost | 382 |  |  | 312 |  |  | 7 |  |  | 6 |
Expected return on plan assets | (890) |  |  | (868) |  |  | (5) |  |  | (5) |
Amortization of prior service credit | (42) |  |  | (42) |  |  | — |  |  | (1) |
Recognized actuarial net loss (gain) | 77 |  |  | 109 |  |  | (3) |  |  | (2) |
Net settlement, curtailment and special termination benefit gain | (6) |  |  | — |  |  | — |  |  | — |
Non-service pension income | (479) |  |  | (489) |  |  | (1) |  |  | (2) |
Total net periodic benefit (income) expense | $ | (361) |  |  | $ | (358) |  |  | $ | 1 |  |  | $ | — |
We have set aside assets in separate trusts, which we expect to be used to pay for certain nonqualified defined benefit and defined contribution plan obligations in excess of qualified plan limits. These assets are included in Other assets in our Condensed Consolidated Balance Sheet. The fair value of marketable securities held in trusts was as follows:
(dollars in millions) | March 31, 2022 |  | December 31, 2021
Marketable securities held in trusts | $ | 857 |  |  | $ | 965 |

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for retirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section S99 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(i) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (o) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (p) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(03) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (q) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(1) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iii) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (l) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(2) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration