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Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2021

Pension Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Components of Net Benefit Costs/(Credits)

Net periodic pension cost/(benefit) 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,
			2021						2020						2021						2020
			(in millions)
Service cost			$	1					$	1					$	29					$	30
Interest cost			10						12						39						37
Expected return on plan assets			(18)						(19)						(106)						(100)
Amortization:
Net loss from experience differences			4						5						32						29
Prior service cost/(benefit)			—						1						(2)						(2)
Curtailment credit (1)			—						—						(3)						—
Settlement losses and other expenses			5						3						—						—
Net periodic pension cost/(benefit)			$	2					$	3					$	(11)					$	(6)
			U.S. Plans												Non-U.S. Plans
			For the Nine Months Ended September 30,												For the Nine Months Ended September 30,
			2021						2020						2021						2020
			(in millions)
Service cost			$	5					$	4					$	99					$	89
Interest cost			30						38						98						110
Expected return on plan assets			(54)						(58)						(319)						(295)
Amortization:
Net loss from experience differences			13						13						98						86
Prior service cost/(benefit)			—						1						(5)						(5)
Curtailment credit (1)			—						—						(17)						—
Settlement losses and other expenses			14						15						—						2
Net periodic pension cost/(benefit)			$	8					$	13					$	(46)					$	(13)

(1)During the third quarter of 2021, we terminated our Defined Benefit Pension Scheme in Nigeria. During the second quarter of 2021, we made a decision to freeze our Defined Benefit Pension Scheme in the United Kingdom. As a result, we recognized curtailment credits of $(3 million) for the three months and $(17 million) for the nine months ended September 30, 2021 recorded within benefit plan non-service income. In connection with the United Kingdom plan freeze, we also incurred incentive payment charges and other expenses of $2 million for the three months and $47 million for the nine months ended September 30, 2021 included in operating income.

Postretirement Benefit Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Components of Net Benefit Costs/(Credits)

Net periodic postretirement health care cost/(benefit) consisted of the following:

			For the Three Months Ended September 30,												For the Nine Months Ended September 30,
			2021						2020						2021						2020
			(in millions)
Service cost			$	1					$	1					$	3					$	4
Interest cost			2						3						6						9
Amortization:
Net loss from experience differences			1						1						2						5
Prior service credit			—						(8)						—						(23)
Net periodic postretirement health care cost/(benefit)			$	4					$	(3)					$	11					$	(5)

Postemployment Benefit Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Components of Net Benefit Costs/(Credits)

Net periodic postemployment cost consisted of the following:

			For the Three Months Ended September 30,												For the Nine Months Ended September 30,
			2021						2020						2021						2020
			(in millions)
Service cost			$	2					$	1					$	5					$	4
Interest cost			1						1						2						3
Amortization of net gains			(2)						(1)						(3)						(3)
Net periodic postemployment cost			$	1					$	1					$	4					$	4

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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=123447040&loc=d3e1928-114920

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