XML 68 R47.htm IDEA: XBRL DOCUMENT
v3.20.4

Employee Retirement Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Retirement Benefits [Abstract] |
Pension and Other Postretirement Plans, Policy [Policy Text Block] | We also sponsor a voluntary 401(k) Retirement Savings Plan for eligible employees. We match 200 percent of employee elective deferrals for the first two percent of employee eligible compensation and 50 percent of employee elective deferrals greater than two percent, but not exceeding six percent, of employee eligible compensation. Total expense for our matching contributions to the plan was $102 million in 2020, $98 million in 2019 and $87 million in 2018.
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block] | The outstanding obligation is as follows:
| As of December 31, 2020
(in millions) | Accumulated Benefit Obligation (ABO) |  | Projected Benefit Obligation (PBO) |  | Fair value of Plan Assets |  | Unfunded/Underfunded PBO Recognized
Domestic Retirement Plans | $ | 54 |  |  | $ | 58 |  |  | $ | — |  |  | $ | 58 |
U.K. Plan | 226 |  |  | 226 |  |  | 223 |  |  | 3 |
Other International Retirement Plans | 225 |  |  | 247 |  |  | 132 |  |  | 115 |
| $ | 506 |  |  | $ | 532 |  |  | $ | 355 |  |  | $ | 177 |
| As of December 31, 2019
(in millions) | Accumulated Benefit Obligation (ABO) |  | Projected Benefit Obligation (PBO) |  | Fair value of Plan Assets |  | Unfunded/Underfunded PBO Recognized
Domestic Retirement Plans | $ | 50 |  |  | $ | 54 |  |  | $ | — |  |  | $ | 54 |
U.K. Plan | 212 |  |  | 212 |  |  | 209 |  |  | 3 |
Other International Retirement Plans | 204 |  |  | 223 |  |  | 123 |  |  | 100 |
| $ | 466 |  |  | $ | 488 |  |  | $ | 332 |  |  | $ | 156 |
Schedule of Changes in Projected Benefit Obligations [Table Text Block] | A rollforward of the changes in the PBO for our retirement plans is as follows:
| Year Ended December 31,
(in millions) | 2020 |  | 2019
Beginning obligations | $ | 488 |  |  | $ | 232 |
Acquired plans | — |  |  | 216 |
Service costs | 19 |  |  | 15 |
Interest costs | 5 |  |  | 5 |
Actuarial (gain) loss | 22 |  |  | — |
Plan amendments and assumption changes | (5) |  |  | 11 |
Benefits paid | (23) |  |  | (10) |
Impact of foreign currency fluctuations | 26 |  |  | 19 |
Ending obligation | $ | 532 |  |  | $ | 488 |
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | The following assumptions were used to measure the fair value of the benefit obligation and associated plan assets as of the August 19, 2019 measurement date:
| Discount Rate |  | Expected Return on Plan Assets |  | Rate of Compensation Increase
U.K. Plan | 0.4% |  | 0.4% |  | 3.4%
As of the measurement date of August 19, 2019, the funded status was as follows:
(in millions) |
Fair value of plan assets | $ | 213 |
Benefit obligation | (216) |
Funded status | $ | (3) |
The critical assumptions associated with our employee retirement plans for 2020 are as follows:
| Weighted Average Discount Rate |  | Weighted Average Expected Return on Plan |  |  |  | Weighted Average Rate of Compensation Increase(1)
Domestic Retirement Plans | 1.90% |  | n/a |  | 1.50%
U.K. Plan | 0.10% |  | 0.10% |  | n/a
Other International Retirement Plans | 0.67% |  |  |  | 1.98% |  | 2.40%
(1) Rates of compensation increase were not weighted by the relative fair value of the instruments. As such, the amount represents the median of the inputs and is not a weighted average. The critical assumptions associated with our employee retirement plans for 2019 are as follows:
| Weighted Average Discount Rate |  | Weighted Average Expected Return on Plan |  | Weighted Average Rate of Compensation Increase(1)
Domestic Retirement Plans | 2.94% |  | n/a |  | 1.50%
U.K. Plan | 0.60% |  | 0.60% |  | 3.00%
Other International Retirement Plans | 0.75% |  | 2.05% |  | 2.65%
(1) Rates of compensation increase were not weighted by the relative fair value of the instruments. As such, the amount represents the median of the inputs and is not a weighted average.
Schedule of Allocation of Plan Assets | The following table presents the fair value hierarchy of the U.K. Plan assets measured at fair value as of December 31, 2020:
| As of |  |  |  |  |  |  |  |
| December 31, 2020 |  |
(in millions) | Level 1 |  | Level 2 |  | Level 3 |  | Total |  |  |  |  |  |  |  |
Buy-in contracts | $ | — |  |  | $ | — |  |  | $ | 223 |  |  | $ | 223 |  |  |  |  |  |  |  |  |
Total assets | $ | — |  |  | $ | — |  |  | $ | 223 |  |  | $ | 223 |  |  |  |  |  |  |  |  |
The following table presents the fair value hierarchy of the U.K. Plan assets measured at fair value as of December 31, 2019:
| As of |  |  |  |  |  |  |  |
| As of December 31, 2019 |  |
(in millions) | Level 1 |  | Level 2 |  | Level 3 |  | Total |  |  |  |  |  |  |  |
Buy-in contracts | $ | — |  |  | $ | — |  |  | $ | 207 |  |  | $ | 207 |  |  |  |  |  |  |  |  |
Cash | 1 |  |  | — |  |  | — |  |  | 1 |  |  |  |  |  |  |  |  |
Total assets | $ | 1 |  |  | $ | — |  |  | $ | 207 |  |  | $ | 209 |  |  |  |  |  |  |  |  |
Schedule of Changes in Fair Value of Plan Assets [Table Text Block] | A rollforward of the changes in the fair value of plan assets for our funded retirement plans is as follows:
| Year Ended December 31,
(in millions) | 2020 |  | 2019
Beginning fair value | $ | 332 |  |  | $ | 107 |
Acquired plans | — |  |  | 213 |
Actual return on plan assets | 2 |  |  | 7 |
Employer contributions | 12 |  |  | 13 |
Participant contributions | 2 |  |  | 2 |
Actuarial gain (loss) | 14 |  |  | (20) |
Benefits paid | (23) |  |  | (10) |
Impact of foreign currency fluctuations | 16 |  |  | 19 |
Ending fair value | $ | 355 |  |  | $ | 332 |
Changes in the fair value of the U.K. Plan Level 3 assets were as follows:
(in millions) | Buy-in Contracts
Balance as of December 31, 2019 | $ | 209 |
Actual return on plan assets | 1 |
Actuarial gain (loss) | 15 |
Transfers out for benefits paid | (9) |
Impact of foreign currency fluctuations | 7 |
Balance as of December 31, 2020 | $ | 223 |

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 Disclosure of accounting policy for pension and other postretirement benefit plans. This accounting policy may address (1) the types of plans sponsored by the entity, and the benefits provided by each plan (2) groups that participate in (or are covered by) each plan (3) how plan assets, liabilities and expenses are measured, including the use of any actuaries and (4) significant assumptions used by the entity to value plan assets and liabilities and how such assumptions are derived. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66047640&loc=d3e39622-114963 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65877416&loc=d3e29149-114947 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -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 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6412939&loc=d3e15145-114933 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_PensionAndOtherPostretirementPlansPolicy
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligation and plan assets of defined benefit plan with accumulated benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 Reference 3: 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=118257860&loc=d3e4179-114921 + Details
Name: | us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2439-114920 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2410-114920 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration