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Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2020

Pension Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Components of Net Costs

Net periodic pension cost consisted of the following:

			U.S. Plans												Non-U.S. Plans
			For the Three Months Ended September 30,												For the Three Months Ended September 30,
			2020						2019						2020						2019
			(in millions)
Service cost			$	1					$	10					$	30					$	30
Interest cost			12						15						37						49
Expected return on plan assets			(19)						(22)						(100)						(99)
Amortization:
Net loss from experience differences			5						9						29						36
Prior service cost/(benefit)			1						—						(2)						(2)
Settlement losses and other expenses (1)			3						5						—						—
Net periodic pension cost			$	3					$	17					$	(6)					$	14
			U.S. Plans												Non-U.S. Plans
			For the Nine Months Ended September 30,												For the Nine Months Ended September 30,
			2020						2019						2020						2019
			(in millions)
Service cost			$	4					$	28					$	89					$	91
Interest cost			38						46						110						151
Expected return on plan assets			(58)						(66)						(295)						(303)
Amortization:
Net loss from experience differences			13						19						86						111
Prior service cost/(credit)			1						1						(5)						(5)
Settlement losses and other expenses (1)			15						13						2						3
Net periodic pension cost			$	13					$	41					$	(13)					$	48

(1)In connection with our Simplify to Grow Program, settlement losses and other expenses were less than $1 million for the three months and $4 million for the nine months ended September 30, 2020 and $2 million for the three months and $7 million for the nine months ended September 30, 2019. These losses were recorded within benefit plan non-service income on our condensed consolidated statements of earnings.

Postretirement Benefit Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Components of Net Costs

Net periodic postretirement health care benefit consisted of the following:

			For the Three Months Ended September 30,												For the Nine Months Ended September 30,
			2020						2019						2020						2019
			(in millions)
Service cost			$	1					$	1					$	4					$	4
Interest cost			3						4						9						11
Amortization:
Net loss from experience differences			1						2						5						5
Prior service credit			(8)						(10)						(23)						(29)
Net periodic postretirement health care benefit			$	(3)					$	(3)					$	(5)					$	(9)

Postemployment Benefit Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Components of Net Costs

Net periodic postemployment cost consisted of the following:

			For the Three Months Ended September 30,												For the Nine Months Ended September 30,
			2020						2019						2020						2019
			(in millions)
Service cost			$	1					$	1					$	4					$	4
Interest cost			1						1						3						3
Amortization of net gains			(1)						(1)						(3)						(2)
Net periodic postemployment cost			$	1					$	1					$	4					$	5

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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ 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 (h)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

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