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Pension And Other Postretirement Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2021
Defined Benefit Plans and Other Post-Retirement Benefit Plans [Line Items] |
Funded Status Of Pension and Postretirement Benefit Plans | The following sets forth the funded status of the U.S. pension, non-U.S. pension and postretirement benefit plans as of the most recent actuarial valuations using measurement dates of December 31 ($ in millions):
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Postretirement Benefits
| 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020
Change in pension benefit obligation: |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year | $ | (2,718) |  |  | $ | (2,468) |  |  | $ | (2,161) |  |  | $ | (1,446) |  |  | $ | (148) |  |  | $ | (139) |
Service cost | — |  |  | — |  |  | (44) |  |  | (40) |  |  | — |  |  | — |
Interest cost | (44) |  |  | (69) |  |  | (19) |  |  | (22) |  |  | (2) |  |  | (4) |
Employee/retiree contributions | — |  |  | — |  |  | (7) |  |  | (6) |  |  | (2) |  |  | (2) |
Benefits and other expenses paid | 167 |  |  | 165 |  |  | 59 |  |  | 59 |  |  | 14 |  |  | 12 |
Acquisitions and other | — |  |  | (96) |  |  | — |  |  | (436) |  |  | — |  |  | — |
Actuarial gain (loss) | 63 |  |  | (273) |  |  | 112 |  |  | (106) |  |  | 3 |  |  | (15) |
Amendments, settlements and curtailments | — |  |  | 23 |  |  | 18 |  |  | 4 |  |  | — |  |  | — |
Foreign exchange rate impact | — |  |  | — |  |  | 98 |  |  | (168) |  |  | — |  |  | — |
Benefit obligation at end of year | (2,532) |  |  | (2,718) |  |  | (1,944) |  |  | (2,161) |  |  | (135) |  |  | (148) |
Change in plan assets: |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year | 2,125 |  |  | 1,866 |  |  | 1,331 |  |  | 1,138 |  |  | — |  |  | — |
Actual return on plan assets | 335 |  |  | 227 |  |  | 80 |  |  | 104 |  |  | — |  |  | — |
Employer contributions | 10 |  |  | 140 |  |  | 50 |  |  | 51 |  |  | 12 |  |  | 11 |
Employee contributions | — |  |  | — |  |  | 7 |  |  | 6 |  |  | 2 |  |  | 1 |
Amendments and settlements | — |  |  | (22) |  |  | (10) |  |  | (7) |  |  | — |  |  | — |
Benefits and other expenses paid | (167) |  |  | (165) |  |  | (59) |  |  | (59) |  |  | (14) |  |  | (12) |
Acquisitions and other | — |  |  | 79 |  |  | — |  |  | 30 |  |  | — |  |  | — |
Foreign exchange rate impact | — |  |  | — |  |  | (39) |  |  | 68 |  |  | — |  |  | — |
Fair value of plan assets at end of year | 2,303 |  |  | 2,125 |  |  | 1,360 |  |  | 1,331 |  |  | — |  |  | — |
Funded status | $ | (229) |  |  | $ | (593) |  |  | $ | (584) |  |  | $ | (830) |  |  | $ | (135) |  |  | $ | (148) |
Projected Benefit Obligation and Fair Value of Plan Assets | Projected benefit obligation (“PBO”) and fair value of plan assets for pension plans and postretirement benefit plans with PBO’s in excess of plan assets ($ in millions):
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Postretirement Benefits
| 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020
Projected benefit obligation | $ | 2,532 |  |  | $ | 2,718 |  |  | $ | 1,125 |  |  | $ | 1,366 |  |  | $ | 135 |  |  | $ | 148 |
Fair value of plan assets | 2,303 |  |  | 2,125 |  |  | 357 |  |  | 441 |  |  | — |  |  | — |
Accumulated Benefit Obligation and Fair Value of Plan Assets | Accumulated benefit obligation (“ABO”) and fair value of plan assets for pension plans and postretirement benefit plans with ABO’s in excess of plan assets ($ in millions):
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Postretirement Benefits
| 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020
Accumulated benefit obligation | $ | 2,532 |  |  | $ | 2,718 |  |  | $ | 1,184 |  |  | $ | 1,257 |  |  | $ | 135 |  |  | $ | 148 |
Fair value of plan assets | 2,303 |  |  | 2,125 |  |  | 521 |  |  | 434 |  |  | — |  |  | — |
Weighted Average Assumptions Used To Determine Benefit Obligations And Cost | Weighted average assumptions used to determine benefit obligations at date of measurement:
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Postretirement Benefits
| 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020
Discount rate | 2.7 | % |  | 2.3 | % |  | 1.4 | % |  | 1.1 | % |  | 2.6 | % |  | 2.1 | %
Rate of compensation increase | N/A |  | N/A |  | 2.6 | % |  | 2.5 | % |  | N/A |  | N/A
Components of Net Periodic Pension and Postretirement Benefit (Cost) | Components of net periodic pension and postretirement benefit (cost) ($ in millions):
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Postretirement Benefits
| 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020
Service cost | $ | — |  |  | $ | — |  |  | $ | (44) |  |  | $ | (40) |  |  | $ | — |  |  | $ | — |
Interest cost | (44) |  |  | (69) |  |  | (19) |  |  | (22) |  |  | (2) |  |  | (4) |
Expected return on plan assets | 123 |  |  | 121 |  |  | 42 |  |  | 37 |  |  | — |  |  | — |
Amortization of prior service (cost) credit | (1) |  |  | (1) |  |  | 1 |  |  | 1 |  |  | 2 |  |  | 2 |
Amortization of net loss | (46) |  |  | (37) |  |  | (11) |  |  | (10) |  |  | (2) |  |  | (1) |
Curtailment and settlement gains (losses) recognized | — |  |  | — |  |  | (1) |  |  | (1) |  |  | — |  |  | — |
Net periodic pension benefit (cost) | $ | 32 |  |  | $ | 14 |  |  | $ | (32) |  |  | $ | (35) |  |  | $ | (2) |  |  | $ | (3) |
Benefit Payments That Reflect Expected Future Service | The following sets forth benefit payments, which reflect expected future service, as appropriate, expected to be paid by the plans in the periods indicated ($ in millions):
| U.S. Pension Plans |  | Non-U.S. Pension Plans |  |  |  | Postretirement Benefit Plans |  | All Plans
2022 | $ | 193 |  |  | $ | 55 |  |  |  |  | $ | 15 |  |  | $ | 263 |
2023 | 193 |  |  | 61 |  |  |  |  | 13 |  |  | 267 |
2024 | 191 |  |  | 60 |  |  |  |  | 12 |  |  | 263 |
2025 | 190 |  |  | 60 |  |  |  |  | 12 |  |  | 262 |
2026 | 189 |  |  | 64 |  |  |  |  | 11 |  |  | 264 |
2027 - 2031 | 751 |  |  | 341 |  |  |  |  | 45 |  |  | 1,137 |
Pension benefit plans |
Defined Benefit Plans and Other Post-Retirement Benefit Plans [Line Items] |
Weighted Average Assumptions Used To Determine Benefit Obligations And Cost | Weighted average assumptions used to determine net periodic pension benefit (cost) at date of measurement:
| U.S. Plans |  | Non-U.S. Plans
| 2021 |  | 2020 |  | 2021 |  | 2020
Discount rate | 2.3 | % |  | 3.2 | % |  | 1.1 | % |  | 1.4 | %
Expected long-term return on plan assets | 6.8 | % |  | 7.0 | % |  | 3.3 | % |  | 3.4 | %
Rate of compensation increase | N/A |  | N/A |  | 2.5 | % |  | 2.4 | %
Fair Values Of Pension Plan Assets | The fair values of the Company’s pension plan assets for both the U.S. and non-U.S. plans as of December 31, 2021 and 2020, by asset category were as follows ($ in millions):
| Quoted Prices in Active Market (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
| 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020
Cash and equivalents | $ | 85 |  |  | $ | 175 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 85 |  |  | $ | 175 |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock | 486 |  |  | 503 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 486 |  |  | 503 |
Preferred stock | 2 |  |  | 6 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 6 |
Fixed income securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds | — |  |  | — |  |  | 47 |  |  | 42 |  |  | — |  |  | — |  |  | 47 |  |  | 42 |
Government issued | — |  |  | — |  |  | 46 |  |  | 58 |  |  | — |  |  | — |  |  | 46 |  |  | 58 |
Mutual funds | 223 |  |  | 244 |  |  | 248 |  |  | 51 |  |  | — |  |  | — |  |  | 471 |  |  | 295 |
Insurance contracts | — |  |  | — |  |  | 357 |  |  | 354 |  |  | — |  |  | — |  |  | 357 |  |  | 354 |
Total | $ | 796 |  |  | $ | 928 |  |  | $ | 698 |  |  | $ | 505 |  |  | $ | — |  |  | $ | — |  |  | 1,494 |  |  | 1,433 |
Investments measured at NAV (a): |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common/collective trusts |  |  |  |  |  |  |  |  |  |  |  | 1,073 |  |  | 1,198 |
Venture capital, partnerships and other private investments |  |  |  |  |  |  |  |  |  |  |  | 1,096 |  |  | 825 |
Total assets at fair value |  |  |  |  |  |  |  |  |  |  |  | $ | 3,663 |  |  | $ | 3,456 |
(a) The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total plan assets.

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