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Pension and Other Postretirement Benefits | 3 Months Ended
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Mar. 31, 2020
Retirement Benefits [Abstract] |
Pension and Other Postretirement Benefits | Pension and Other Postretirement Benefits The components of net periodic benefit cost were as follows:
| First quarter ended |  |  |  |  |  |
| March 31, |  |  |  |  |  |
| 2020 |  | 2019 |  |  |  |
Pension benefits |  |  |  |  |  |  |
Service cost | $ | 7 |  |  | $ | 7 |  |  |  |  |
Interest cost | 47 |  |  | 59 |  |  |  |  |
Expected return on plan assets | (70) |  |  | (72) |  |  |  |  |
Recognized net actuarial loss | 42 |  |  | 35 |  |  |  |  |
Settlements | — |  |  | 2 |  |  |  |  |
Net periodic benefit cost(1) | $ | 26 |  |  | $ | 31 |  |  |  |  |
Other postretirement benefits |  |  |  |  |  |  |
Service cost | $ | 1 |  |  | $ | 2 |  |  |  |  |
Interest cost | 6 |  |  | 7 |  |  |  |  |
Recognized net actuarial loss | 2 |  |  | 1 |  |  |  |  |
Amortization of prior service cost (benefit) | (2) |  |  | (1) |  |  |  |  |
Curtailments | — |  |  | (58) |  |  |  |  |
Net periodic benefit cost(1) | $ | 7 |  |  | $ | (49) |  |  |  |  |
(1)Service cost was included within Cost of goods sold, Selling, general administrative, and other expenses, and Research and development expenses; settlements and curtailments were included in Restructuring and other charges; and all other cost components were recorded in Other expense, net in the Statement of Consolidated Operations. In the first quarter of 2019, the Company communicated to plan participants that for its U.S. salaried and non-bargained hourly retirees of the Company and its subsidiaries, it would eliminate the life insurance benefit effective May 1, 2019, and certain health care subsidies effective December 31, 2019. As a result of these changes, in the first quarter of 2019, the Company recorded a decrease to the Accrued other postretirement benefits liability of $75, which was offset by a curtailment benefit of $58 in Restructuring and other charges and $17 in Accumulated other comprehensive loss. In the first quarter of 2019, the Company applied settlement accounting to U.S. pension plans due to lump sum payments to participants which resulted in settlement charges of $2 that were recorded in Restructuring and other charges.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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