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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2019
Employee Benefit Plans [Abstract]  
Pension and Postretirement Plans

Note 18—Employee Benefit Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension and Postretirement Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

Millions of Dollars

 

Pension Benefits

 

Other Benefits

 

2019

 

2018

 

2019

 

2018

 

 

U.S.

 

Int'l.

 

U.S.

 

Int'l.

 

 

 

 

Components of Net Periodic Benefit Cost

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

$

19

 

18

 

22

 

22

 

-

 

1

Interest cost

 

21

 

26

 

27

 

27

 

3

 

2

Expected return on plan assets

 

(18)

 

(35)

 

(35)

 

(40)

 

-

 

-

Amortization of prior service cost (credit)

 

-

 

(1)

 

-

 

(2)

 

(9)

 

(8)

Recognized net actuarial loss (gain)

 

13

 

8

 

16

 

9

 

-

 

(1)

Settlements

 

11

 

-

 

147

 

-

 

-

 

-

Net periodic benefit cost

$

46

 

16

 

177

 

16

 

(6)

 

(6)

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

$

39

 

37

 

43

 

43

 

-

 

1

Interest cost

 

42

 

52

 

54

 

54

 

5

 

4

Expected return on plan assets

 

(36)

 

(70)

 

(69)

 

(80)

 

-

 

-

Amortization of prior service cost (credit)

 

-

 

(1)

 

-

 

(3)

 

(17)

 

(17)

Recognized net actuarial loss (gain)

 

26

 

16

 

31

 

18

 

(1)

 

(1)

Settlements

 

17

 

-

 

147

 

-

 

-

 

-

Net periodic benefit cost

$

88

 

34

 

206

 

32

 

(13)

 

(13)

Severance accrual

 

 

Millions of Dollars

 

 

 

 

Balance at December 31, 2018

$

48

Accruals

 

2

Benefit payments

 

(18)

Foreign currency translation adjustments

 

1

Balance at June 30, 2019

$

33