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Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2020
Retirement Benefits [Abstract]  
Defined Contribution Plan Disclosures
202020192018
Plan expense$235 $205 $180 
Expense funded with Stryker common stock34 31 29 
Stryker common stock held by plan:
Dollar amount542 470 358 
Shares (in millions)2.2 2.2 2.3 
Value as a percentage of total plan assets11 %12 %12 %
Schedule of Costs of Retirement Plans
Components of Net Periodic Pension Cost
Net periodic benefit cost:202020192018
Service cost$(63)$(41)$(44)
Interest cost(8)(12)(11)
Expected return on plan assets13 12 12 
Amortization of prior service credit
Recognized actuarial loss(13)(9)(11)
Net periodic benefit cost$(70)$(49)$(53)
Changes in assets and benefit obligations recognized in OCI:202020192018
Net actuarial gain (loss)$(117)$(74)$11 
Recognized net actuarial loss13 10 
Prior service (credit) cost and transition amount(1)(1)(1)
Total recognized in other comprehensive income (loss)$(105)$(66)$20 
Total recognized in net periodic benefit cost and OCI$(175)$(115)$(33)
Weighted-average rates used to determine net periodic benefit cost:
Discount rate1.0 %1.9 %1.8 %
Expected return on plan assets2.9 %3.5 %3.3 %
Rate of compensation increase2.9 %2.9 %2.8 %
Weighted-average discount rate used to determine projected benefit obligations0.8 %1.0 %1.9 %
Schedule of Defined Benefit Plans Disclosures
20202019
Fair value of plan assets$522 $428 
Benefit obligations(1,118)(869)
Funded status$(596)$(441)
Reported as:
Current liabilities—accrued compensation$(2)$(2)
Noncurrent liabilities—other liabilities(594)(439)
Pre-tax amounts recognized in AOCI:
Unrecognized net actuarial loss(354)(250)
Unrecognized prior service credit
Total$(346)$(241)
Schedule of Changes in Accumulated Postemployment Benefit Obligations
Change in Benefit Obligations
20202019
Beginning projected benefit obligations$869 $735 
Service cost63 41 
Interest cost12 
Foreign exchange impact80 (12)
Employee contributions
Actuarial (gains) losses110 116 
Acquisition— — 
Benefits paid(20)(29)
Ending projected benefit obligations$1,118 $869 
Ending accumulated benefit obligations$1,056 $830 
Schedule of Changes in Fair Value of Plan Assets
Change in Plan Assets
20202019
Beginning fair value of plan assets$428 $376 
Actual return30 52 
Employer contributions33 25 
Employee contributions
Foreign exchange impact37 (5)
Acquisition— — 
Benefits paid(14)(26)
Ending fair value of plan assets$522 $428 
Valuation of Plan Assets
2020Level 1Level 2Level 3Total
Cash and cash equivalents$14 $— $— $14 
Equity securities23 108 — 131 
Corporate debt securities
201 — 203 
Other63 104 174 
Total$46 $372 $104 $522 
2019
Cash and cash equivalents$$— $— $
Equity securities23 86 — 109 
Corporate debt securities173 — 176 
Other52 80 136 
Total$37 $311 $80 $428 
Schedule of Allocation of Plan Assets
Allocation of Plan Assets
2021 Target2020 Actual2019 Actual
Equity securities20 %23 %22 %
Debt securities45 44 44 
Other35 33 34 
Total100 %100 %100 %
Schedule of Expected Benefit Payments
Estimated Future Benefit Payments
202120222023202420252026-2030
$22 $21 $21 $22 $24 $134