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Pensions And Other Postretirement Benefits (Tables)
12 Months Ended
Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]  
Changes in Benefit Obligations, Plan Assets and Funded Status

Year Ended December 31, 2018
 
Year Ended December 31, 2017

Pension Benefits
 
Global OPEB Plans
 
Pension Benefits
 
Global OPEB Plans

U.S.
 
Non-U.S.
 
 
U.S.
 
Non-U.S.
 
Change in benefit obligations
 
 
 
 
 
 
 
 
 
 
 
Beginning benefit obligation
$
68,450


$
22,789


$
6,374


$
68,827


$
21,156


$
6,180

Service cost
209


149


20


203


180


19

Interest cost
2,050


464


195


2,145


473


202

Actuarial (gains) losses
(4,449
)

(272
)

(389
)

2,885


561


311

Benefits paid
(4,898
)

(1,595
)

(388
)

(5,067
)

(1,369
)

(426
)
Foreign currency translation adjustments


(1,452
)

(106
)



1,953


78

Curtailments, settlements and other
(172
)

(179
)

38


(543
)

(165
)

10

Ending benefit obligation
61,190


19,904


5,744


68,450


22,789


6,374

Change in plan assets
 
 
 
 
 
 
 
 
 
 
 
Beginning fair value of plan assets
62,639


14,495




61,622


12,799



Actual return on plan assets
(1,419
)

301




6,549


1,025



Employer contributions
76


1,624


369


77


1,153


406

Benefits paid
(4,898
)

(1,595
)

(388
)

(5,067
)

(1,369
)

(426
)
Foreign currency translation adjustments


(1,106
)





1,007



Settlements and other
(296
)

(191
)

19


(542
)

(120
)

20

Ending fair value of plan assets
56,102


13,528




62,639


14,495



Ending funded status
$
(5,088
)

$
(6,376
)

$
(5,744
)

$
(5,811
)

$
(8,294
)

$
(6,374
)
Amounts recorded in the consolidated balance sheets
 
 
 
 
 
 
 
 
 
 
 
Non-current assets
$


$
496


$


$


$
67


$

Current liabilities
(73
)

(349
)

(374
)

(71
)

(355
)

(376
)
Non-current liabilities
(5,015
)

(6,523
)

(5,370
)

(5,740
)

(8,006
)

(5,998
)
Net amount recorded
$
(5,088
)

$
(6,376
)

$
(5,744
)

$
(5,811
)

$
(8,294
)

$
(6,374
)
Amounts recorded in Accumulated other comprehensive loss
 
 
 
 
 
 
 
 
 
 
 
Net actuarial gain (loss)
$
(752
)

$
(3,983
)

$
(752
)

$
114


$
(4,163
)

$
(1,186
)
Net prior service (cost) credit
19


(64
)

34


23


(26
)

55

Total recorded in Accumulated other comprehensive loss
$
(733
)

$
(4,047
)

$
(718
)

$
137


$
(4,189
)

$
(1,131
)
Schedule of amounts recorded in the consolidated balance sheets

Year Ended December 31, 2018
 
Year Ended December 31, 2017

Pension Benefits
 
Global OPEB Plans
 
Pension Benefits
 
Global OPEB Plans

U.S.
 
Non-U.S.
 
 
U.S.
 
Non-U.S.
 
Change in benefit obligations
 
 
 
 
 
 
 
 
 
 
 
Beginning benefit obligation
$
68,450


$
22,789


$
6,374


$
68,827


$
21,156


$
6,180

Service cost
209


149


20


203


180


19

Interest cost
2,050


464


195


2,145


473


202

Actuarial (gains) losses
(4,449
)

(272
)

(389
)

2,885


561


311

Benefits paid
(4,898
)

(1,595
)

(388
)

(5,067
)

(1,369
)

(426
)
Foreign currency translation adjustments


(1,452
)

(106
)



1,953


78

Curtailments, settlements and other
(172
)

(179
)

38


(543
)

(165
)

10

Ending benefit obligation
61,190


19,904


5,744


68,450


22,789


6,374

Change in plan assets
 
 
 
 
 
 
 
 
 
 
 
Beginning fair value of plan assets
62,639


14,495




61,622


12,799



Actual return on plan assets
(1,419
)

301




6,549


1,025



Employer contributions
76


1,624


369


77


1,153


406

Benefits paid
(4,898
)

(1,595
)

(388
)

(5,067
)

(1,369
)

(426
)
Foreign currency translation adjustments


(1,106
)





1,007



Settlements and other
(296
)

(191
)

19


(542
)

(120
)

20

Ending fair value of plan assets
56,102


13,528




62,639


14,495



Ending funded status
$
(5,088
)

$
(6,376
)

$
(5,744
)

$
(5,811
)

$
(8,294
)

$
(6,374
)
Amounts recorded in the consolidated balance sheets
 
 
 
 
 
 
 
 
 
 
 
Non-current assets
$


$
496


$


$


$
67


$

Current liabilities
(73
)

(349
)

(374
)

(71
)

(355
)

(376
)
Non-current liabilities
(5,015
)

(6,523
)

(5,370
)

(5,740
)

(8,006
)

(5,998
)
Net amount recorded
$
(5,088
)

$
(6,376
)

$
(5,744
)

$
(5,811
)

$
(8,294
)

$
(6,374
)
Amounts recorded in Accumulated other comprehensive loss
 
 
 
 
 
 
 
 
 
 
 
Net actuarial gain (loss)
$
(752
)

$
(3,983
)

$
(752
)

$
114


$
(4,163
)

$
(1,186
)
Net prior service (cost) credit
19


(64
)

34


23


(26
)

55

Total recorded in Accumulated other comprehensive loss
$
(733
)

$
(4,047
)

$
(718
)

$
137


$
(4,189
)

$
(1,131
)
Schedule of Projected Benefit Obligations in Excess of Fair Value of Plan Assets
The following table summarizes the total accumulated benefit obligations (ABO), the ABO and fair value of plan assets for defined benefit pension plans with ABO in excess of plan assets, and the PBO and fair value of plan assets for defined benefit pension plans with PBO in excess of plan assets:
 
December 31, 2018
 
December 31, 2017
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
ABO
$
61,177

 
$
19,822

 
$
68,437

 
$
22,650

Plans with ABO in excess of plan assets
 
 
 
 
 
 
 
ABO
$
61,177

 
$
10,289

 
$
68,437

 
$
21,679

Fair value of plan assets
$
56,102

 
$
3,485

 
$
62,639

 
$
13,408

Plans with PBO in excess of plan assets
 
 
 
 
 
 
 
PBO
$
61,190

 
$
10,356

 
$
68,450

 
$
21,822

Fair value of plan assets
$
56,102

 
$
3,485

 
$
62,639

 
$
13,411

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
The following table summarizes the total accumulated benefit obligations (ABO), the ABO and fair value of plan assets for defined benefit pension plans with ABO in excess of plan assets, and the PBO and fair value of plan assets for defined benefit pension plans with PBO in excess of plan assets:
 
December 31, 2018
 
December 31, 2017
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
ABO
$
61,177

 
$
19,822

 
$
68,437

 
$
22,650

Plans with ABO in excess of plan assets
 
 
 
 
 
 
 
ABO
$
61,177

 
$
10,289

 
$
68,437

 
$
21,679

Fair value of plan assets
$
56,102

 
$
3,485

 
$
62,639

 
$
13,408

Plans with PBO in excess of plan assets
 
 
 
 
 
 
 
PBO
$
61,190

 
$
10,356

 
$
68,450

 
$
21,822

Fair value of plan assets
$
56,102

 
$
3,485

 
$
62,639

 
$
13,411

Schedule of Net Periodic Pension and OPEB expense
The following table summarizes the components of net periodic pension and OPEB expense along with the assumptions used to determine benefit obligations:

Year Ended December 31, 2018
 
Year Ended December 31, 2017
 
Year Ended December 31, 2016

Pension Benefits
 
Global OPEB Plans
 
Pension Benefits
 
Global OPEB Plans
 
Pension Benefits
 
Global OPEB Plans

U.S.
 
Non-U.S.
 
 
U.S.
 
Non-U.S.
 
 
U.S.
 
Non-U.S.
 
Components of expense
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
330


$
163


$
20


$
315


$
199


$
19


$
381

 
$
273


$
18

Interest cost
2,050


464


195


2,145


473


202


2,212

 
527


201

Expected return on plan assets
(3,890
)

(825
)



(3,677
)

(750
)



(3,778
)
 
(733
)


Amortization of net actuarial (gains) losses
10


144


54


(6
)

157


23


(25
)
 
137


19

Curtailments, settlements and other
(19
)

43


(19
)

(37
)

8


(5
)

(4
)
 
16


(13
)
Net periodic pension and OPEB (income) expense
$
(1,519
)

$
(11
)

$
250


$
(1,260
)

$
87


$
239


$
(1,214
)

$
220


$
225

Weighted-average assumptions used to determine benefit obligations(a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.22
%
 
2.86
%
 
4.19
%
 
3.53
%
 
2.66
%
 
3.52
%
 
3.92
%
 
2.88
%
 
3.93
%
Weighted-average assumptions used to determine net expense(a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
3.19
%
 
2.99
%
 
3.29
%
 
3.35
%
 
2.94
%
 
3.39
%
 
3.36
%
 
3.14
%
 
3.49
%
Expected rate of return on plan assets
6.61
%
 
6.09
%
 
N/A

 
6.23
%
 
5.82
%
 
N/A

 
6.33
%
 
6.07
%
 
N/A

_________
(a)
The rate of compensation increase does not have a significant effect on our U.S. pension and OPEB plans.
Schedule of Assumptions Used
The following table summarizes the components of net periodic pension and OPEB expense along with the assumptions used to determine benefit obligations:

Year Ended December 31, 2018
 
Year Ended December 31, 2017
 
Year Ended December 31, 2016

Pension Benefits
 
Global OPEB Plans
 
Pension Benefits
 
Global OPEB Plans
 
Pension Benefits
 
Global OPEB Plans

U.S.
 
Non-U.S.
 
 
U.S.
 
Non-U.S.
 
 
U.S.
 
Non-U.S.
 
Components of expense
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
330


$
163


$
20


$
315


$
199


$
19


$
381

 
$
273


$
18

Interest cost
2,050


464


195


2,145


473


202


2,212

 
527


201

Expected return on plan assets
(3,890
)

(825
)



(3,677
)

(750
)



(3,778
)
 
(733
)


Amortization of net actuarial (gains) losses
10


144


54


(6
)

157


23


(25
)
 
137


19

Curtailments, settlements and other
(19
)

43


(19
)

(37
)

8


(5
)

(4
)
 
16


(13
)
Net periodic pension and OPEB (income) expense
$
(1,519
)

$
(11
)

$
250


$
(1,260
)

$
87


$
239


$
(1,214
)

$
220


$
225

Weighted-average assumptions used to determine benefit obligations(a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.22
%
 
2.86
%
 
4.19
%
 
3.53
%
 
2.66
%
 
3.52
%
 
3.92
%
 
2.88
%
 
3.93
%
Weighted-average assumptions used to determine net expense(a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
3.19
%
 
2.99
%
 
3.29
%
 
3.35
%
 
2.94
%
 
3.39
%
 
3.36
%
 
3.14
%
 
3.49
%
Expected rate of return on plan assets
6.61
%
 
6.09
%
 
N/A

 
6.23
%
 
5.82
%
 
N/A

 
6.33
%
 
6.07
%
 
N/A

_________
(a)
The rate of compensation increase does not have a significant effect on our U.S. pension and OPEB plans.
Schedule of Expected Net Benefit Payments
The following table summarizes net benefit payments expected to be paid in the future, which include assumptions related to estimated future employee service:
 
Pension Benefits
 
Global OPEB Plans
 
U.S. Plans
 
Non-U.S. Plans
 
2019
$
5,325

 
$
1,360

 
$
379

2020
$
4,858

 
$
1,212

 
$
374

2021
$
4,720

 
$
1,174

 
$
369

2022
$
4,603

 
$
1,144

 
$
364

2023
$
4,491

 
$
1,113

 
$
361

2024 - 2028
$
20,803

 
$
5,116

 
$
1,762

Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of contributions to defined benefit pension plans
The following table summarizes contributions made to the defined benefit pension plans:
 
Years Ended December 31,
 
2018

2017

2016
U.S. hourly and salaried
$
76


$
77


$
2,054

Non-U.S.
1,624


1,153


1,022

Total
$
1,700


$
1,230


$
3,076


Schedules of Fair Value of Plan Assets by Asset Class and Target Allocations
The following table summarizes the target allocations by asset category for U.S. and non-U.S. defined benefit pension plans:

December 31, 2018
 
December 31, 2017

U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
Equity
12
%

14
%

15
%

18
%
Debt
64
%

66
%

61
%

56
%
Other(a)
24
%

20
%

24
%

26
%
Total
100
%
 
100
%
 
100
%
 
100
%

__________
(a)
Primarily includes private equity, real estate and absolute return strategies which mainly consist of hedge funds.

Assets and Fair Value Measurements The following tables summarize the fair value of U.S. and non-U.S. defined benefit pension plan assets by asset class:

December 31, 2018
 
December 31, 2017

Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
U.S. Pension Plan Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common and preferred stocks
$
4,914


$
18


$
2


$
4,934


$
8,892


$
17


$
2


$
8,911

Government and agency debt securities(a)


12,077




12,077




12,116




12,116

Corporate and other debt securities


24,645




24,645




26,122




26,122

Other investments, net
350


80


371


801


552


119


395


1,066

Net plan assets subject to leveling
$
5,264


$
36,820


$
373


42,457


$
9,444


$
38,374


$
397


48,215

Plan assets measured at net asset value
 
 
 
 
 




 
 
 
 
 



Investment funds
 
 
 
 
 

6,465


 
 
 
 
 

6,632

Private equity and debt investments
 
 
 
 
 

3,021


 
 
 
 
 

3,539

Real estate investments
 
 
 
 
 

3,504


 
 
 
 
 

3,351

Total plan assets measured at net asset value
 
 
 
 
 

12,990


 
 
 
 
 

13,522

Other plan assets, net(b)
 
 
 
 
 

655


 
 
 
 
 

902

Net plan assets
 
 
 
 
 

$
56,102


 
 
 
 
 

$
62,639



December 31, 2018
 
December 31, 2017

Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Non-U.S. Pension Plan Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common and preferred stocks
$
441


$
1


$
5


$
447


$
578


$
1


$
6


$
585

Government and agency debt securities(a)


3,640




3,640




3,853




3,853

Corporate and other debt securities


2,589


1


2,590




2,566




2,566

Other investments, net
59


128


242


429


23


149


438


610

Net plan assets subject to leveling
$
500


$
6,358


$
248


7,106


$
601


$
6,569


$
444


7,614

Plan assets measured at net asset value
 
 
 
 
 

 

 
 
 
 
 



Investment funds
 
 
 
 
 

5,081


 
 
 
 
 

5,346

Private equity and debt investments
 
 
 
 
 

526


 
 
 
 
 

570

Real estate investments
 
 
 
 
 

980


 
 
 
 
 

1,097

Total plan assets measured at net asset value
 
 
 
 
 

6,587


 
 
 
 
 

7,013

Other plan assets (liabilities), net(b)
 
 
 
 
 

(165
)

 
 
 
 
 

(132
)
Net plan assets
 
 
 
 
 

$
13,528


 
 
 
 
 

$
14,495

__________
(a)
Includes U.S. and sovereign government and agency issues.
(b)
Cash held by the plans, net of amounts receivable/payable for unsettled security transactions and payables for investment manager fees, custody fees and other expenses.