XML 52 R33.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Defined Severance Benefits (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Retirement Benefits [Abstract] |
Schedule of Defined Benefits Liabilities | Changes in defined severance benefits obligation were as follows:
(in millions) | 2023 |  | 2022
Beginning balance, January 1 | $ | 304 |  |  | $ | 283 |
Current service cost | 141 |  |  | 143 |
Interest cost | 14 |  |  | 9 |
Actuarial losses (gains) | 22 |  |  | (32) |
Payments from plans | (84) |  |  | (81) |
Cumulative effects of foreign currency translation | (1) |  |  | (18) |
Ending balance, December 31 | $ | 396 |  |  | $ | 304 |
Current | $ | 82 |  |  | $ | 78 |
Noncurrent | $ | 314 |  |  | $ | 226 |
Schedule of Components of Net Periodic Costs | Net periodic cost consists of the following:
(in millions) | 2023 |  | 2022 |  | 2021
Current service costs | $ | 141 |  |  | $ | 143 |  |  | $ | 121 |
Interest cost | 14 |  |  | 9 |  |  | 3 |
Amortization of: |  |  |  |  |
Prior service cost | 3 |  |  | 3 |  |  | — |
Net actuarial loss | 1 |  |  | 6 |  |  | 4 |
Net periodic benefit cost | $ | 159 |  |  | $ | 161 |  |  | $ | 128 |
Schedule of Principal Actuarial Assumptions Used to Determine Defined Benefits Liabilities and Net Period Cost | The principal actuarial assumptions used to determine defined severance benefits obligation were as follows:
| December 31, 2023 |  | December 31, 2022
Discount rates | 4.30% | – | 4.80% |  | 5.10% | – | 5.30%
Salary growth rates | 5.00% | – | 7.00% |  | 5.00% | – | 8.00%
The principal actuarial assumptions used to determine the net periodic cost were as follows:
| 2023 |  | 2022 |  | 2021
Discount rates | 5.10 | % | – | 5.30 | % |  | 2.70 | % | – | 3.00 | % |  | 1.73 | % | – | 2.57 | %
Salary growth rates | 5.00 | % | – | 8.00 | % |  | 5.00 | % | – | 5.24 | % |  | 1.48 | % | – | 5.00 | %
Schedule of Expected Maturity Analysis of Undiscounted Defined Severance Benefits | The expected maturity analysis of undiscounted defined severance benefits as of December 31, 2023 was as follows:
(in millions) | Less than 1 year |  | Between 1-2 years |  | Between 2-5 years |  | Over 5 years |  | Total
Defined severance benefits | $ | 87 |  |  | $ | 90 |  |  | $ | 275 |  |  | $ | 437 |  |  | $ | 889 |

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (a) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income or loss that have not yet been recognized as components of net periodic benefit cost, such as the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (j) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfNetPeriodicBenefitCostNotYetRecognizedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration