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Pensions And Other Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2021

Defined Benefit Plan Disclosure [Line Items]

Changes in Benefit Obligations, Plan Assets and Funded Status

			Year Ended December 31, 2021																		Year Ended December 31, 2020
			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			$	66,468					$	20,807					$	6,656					$	64,684					$	21,398					$	6,304
Service cost			187						109						18						177						133						19
Interest cost			1,074						236						123						1,716						362						173
Actuarial (gains) losses			(2,564)						(1,015)						(282)						4,757						1,506						551
Benefits paid			(4,414)						(1,151)						(424)						(4,600)						(1,132)						(408)
Foreign currency translation adjustments			—						(509)						4						—						870						(3)
Curtailments, settlements and other			(543)						(163)						29						(266)						(2,330)						20
Ending benefit obligation			60,208						18,314						6,124						66,468						20,807						6,656
Change in plan assets
Beginning fair value of plan assets			61,077						13,846						—						59,239						14,961						—
Actual return on plan assets			3,734						602						—						6,635						1,573						—
Employer contributions			67						371						400						68						396						387
Benefits paid			(4,414)						(1,151)						(424)						(4,600)						(1,132)						(408)
Foreign currency translation adjustments			—						10						—						—						389						—
Settlements and other			(543)						(157)						24						(265)						(2,341)						21
Ending fair value of plan assets			59,921						13,521						—						61,077						13,846						—
Ending funded status			$	(287)					$	(4,793)					$	(6,124)					$	(5,391)					$	(6,961)					$	(6,656)
Amounts recorded in the consolidated balance sheets
Non-current assets			$	1,896					$	1,440					$	—					$	—					$	980					$	—
Current liabilities			(70)						(338)						(381)						(66)						(364)						(379)
Non-current liabilities			(2,113)						(5,895)						(5,743)						(5,325)						(7,577)						(6,277)
Net amount recorded			$	(287)					$	(4,793)					$	(6,124)					$	(5,391)					$	(6,961)					$	(6,656)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial loss			$	(13)					$	(3,675)					$	(1,439)					$	(3,256)					$	(5,123)					$	(1,823)
Net prior service (cost) credit			7						(54)						15						11						(60)						20
Total recorded in Accumulated other comprehensive loss			$	(6)					$	(3,729)					$	(1,424)					$	(3,245)					$	(5,183)					$	(1,803)

Schedule of amounts recorded in the consolidated balance sheets

			Year Ended December 31, 2021																		Year Ended December 31, 2020
			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			$	66,468					$	20,807					$	6,656					$	64,684					$	21,398					$	6,304
Service cost			187						109						18						177						133						19
Interest cost			1,074						236						123						1,716						362						173
Actuarial (gains) losses			(2,564)						(1,015)						(282)						4,757						1,506						551
Benefits paid			(4,414)						(1,151)						(424)						(4,600)						(1,132)						(408)
Foreign currency translation adjustments			—						(509)						4						—						870						(3)
Curtailments, settlements and other			(543)						(163)						29						(266)						(2,330)						20
Ending benefit obligation			60,208						18,314						6,124						66,468						20,807						6,656
Change in plan assets
Beginning fair value of plan assets			61,077						13,846						—						59,239						14,961						—
Actual return on plan assets			3,734						602						—						6,635						1,573						—
Employer contributions			67						371						400						68						396						387
Benefits paid			(4,414)						(1,151)						(424)						(4,600)						(1,132)						(408)
Foreign currency translation adjustments			—						10						—						—						389						—
Settlements and other			(543)						(157)						24						(265)						(2,341)						21
Ending fair value of plan assets			59,921						13,521						—						61,077						13,846						—
Ending funded status			$	(287)					$	(4,793)					$	(6,124)					$	(5,391)					$	(6,961)					$	(6,656)
Amounts recorded in the consolidated balance sheets
Non-current assets			$	1,896					$	1,440					$	—					$	—					$	980					$	—
Current liabilities			(70)						(338)						(381)						(66)						(364)						(379)
Non-current liabilities			(2,113)						(5,895)						(5,743)						(5,325)						(7,577)						(6,277)
Net amount recorded			$	(287)					$	(4,793)					$	(6,124)					$	(5,391)					$	(6,961)					$	(6,656)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial loss			$	(13)					$	(3,675)					$	(1,439)					$	(3,256)					$	(5,123)					$	(1,823)
Net prior service (cost) credit			7						(54)						15						11						(60)						20
Total recorded in Accumulated other comprehensive loss			$	(6)					$	(3,729)					$	(1,424)					$	(3,245)					$	(5,183)					$	(1,803)

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 projected benefit obligation (PBO) and fair value of plan assets for defined benefit pension plans with PBO in excess of plan assets:

			December 31, 2021												December 31, 2020
			U.S.						Non-U.S.						U.S.						Non-U.S.
ABO			$	60,188					$	18,244					$	66,448					$	20,721
Plans with ABO in excess of plan assets
ABO			$	8,396					$	6,464					$	66,448					$	12,042
Fair value of plan assets			$	6,233					$	300					$	61,077					$	4,185
Plans with PBO in excess of plan assets
PBO			$	8,415					$	6,533					$	66,468					$	12,128
Fair value of plan assets			$	6,223					$	300					$	61,077					$	4,186

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 projected benefit obligation (PBO) and fair value of plan assets for defined benefit pension plans with PBO in excess of plan assets:

			December 31, 2021												December 31, 2020
			U.S.						Non-U.S.						U.S.						Non-U.S.
ABO			$	60,188					$	18,244					$	66,448					$	20,721
Plans with ABO in excess of plan assets
ABO			$	8,396					$	6,464					$	66,448					$	12,042
Fair value of plan assets			$	6,233					$	300					$	61,077					$	4,185
Plans with PBO in excess of plan assets
PBO			$	8,415					$	6,533					$	66,468					$	12,128
Fair value of plan assets			$	6,223					$	300					$	61,077					$	4,186

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, 2021																		Year Ended December 31, 2020																		Year Ended December 31, 2019
			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			$	260					$	121					$	18					$	251					$	145					$	19					$	393					$	132					$	17
Interest cost			1,074						236						123						1,716						362						173						2,264						456						220
Expected return on plan assets			(3,178)						(610)						—						(3,267)						(675)						—						(3,483)						(786)						—
Amortization of net actuarial losses			26						212						97						16						171						74						11						122						30
Curtailments, settlements and other			15						7						(6)						17						241						(8)						21						142						(23)
Net periodic pension and OPEB (income) expense			$	(1,803)					$	(34)					$	232					$	(1,267)					$	244					$	258					$	(794)					$	66					$	244
Weighted-average assumptions used to determine benefit obligations(a)
Discount rate			2.78		%				2.13		%				2.97		%				2.37		%				1.62		%				2.53		%				3.20		%				2.16		%				3.24		%
Weighted-average assumptions used to determine net expense(a)
Discount rate			1.86		%				2.38		%				2.24		%				2.84		%				2.80		%				3.00		%				3.92		%				3.36		%				4.07		%
Expected rate of return on plan assets			5.63		%				4.67		%				N/A						5.88		%				4.96		%				N/A						6.37		%				5.76		%				N/A

_________

(a)    The rate of compensation increase and the cash balance interest crediting rates do 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, 2021																		Year Ended December 31, 2020																		Year Ended December 31, 2019
			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			$	260					$	121					$	18					$	251					$	145					$	19					$	393					$	132					$	17
Interest cost			1,074						236						123						1,716						362						173						2,264						456						220
Expected return on plan assets			(3,178)						(610)						—						(3,267)						(675)						—						(3,483)						(786)						—
Amortization of net actuarial losses			26						212						97						16						171						74						11						122						30
Curtailments, settlements and other			15						7						(6)						17						241						(8)						21						142						(23)
Net periodic pension and OPEB (income) expense			$	(1,803)					$	(34)					$	232					$	(1,267)					$	244					$	258					$	(794)					$	66					$	244
Weighted-average assumptions used to determine benefit obligations(a)
Discount rate			2.78		%				2.13		%				2.97		%				2.37		%				1.62		%				2.53		%				3.20		%				2.16		%				3.24		%
Weighted-average assumptions used to determine net expense(a)
Discount rate			1.86		%				2.38		%				2.24		%				2.84		%				2.80		%				3.00		%				3.92		%				3.36		%				4.07		%
Expected rate of return on plan assets			5.63		%				4.67		%				N/A						5.88		%				4.96		%				N/A						6.37		%				5.76		%				N/A

_________

(a)    The rate of compensation increase and the cash balance interest crediting rates do 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
2022			$	4,679					$	1,086					$	381
2023			$	4,443					$	1,011					$	365
2024			$	4,335					$	988					$	361
2025			$	4,226					$	972					$	357
2026			$	4,112					$	946					$	354
2027 - 2031			$	18,553					$	4,448					$	1,727

Pension Plan

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,
			2021						2020						2019
U.S. hourly and salaried			$	67					$	68					$	83
Non-U.S.			371						396						532
Total			$	438					$	464					$	615

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, 2021												December 31, 2020
			U.S.						Non-U.S.						U.S.						Non-U.S.
Equity			9		%				14		%				12		%				16		%
Debt			68		%				69		%				64		%				66		%
Other(a)			23		%				17		%				24		%				18		%
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, 2021																								December 31, 2020
			Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3						Total
U.S. Pension Plan Assets
Common and preferred stocks			$	2,554					$	—					$	—					$	2,554					$	7,429					$	—					$	1					$	7,430
Government and agency debt securities(a)			—						14,924						—						14,924						—						13,231						—						13,231
Corporate and other debt securities			—						26,064						—						26,064						—						26,475						—						26,475
Other investments, net(b)(c)			421						21						246						688						(834)						(8)						427						(415)
Net plan assets subject to leveling			$	2,975					$	41,009					$	246					44,230						$	6,595					$	39,698					$	428					46,721
Plan assets measured at net asset value
Investment funds																					7,304																								7,534
Private equity and debt investments																					4,415																								3,137
Real estate investments																					3,604																								3,061
Total plan assets measured at net asset value																					15,323																								13,732
Other plan assets, net(d)																					368																								624
Net plan assets																					$	59,921																							$	61,077

			December 31, 2021																								December 31, 2020
			Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3						Total
Non-U.S. Pension Plan Assets
Common and preferred stocks			$	372					$	—					$	—					$	372					$	572					$	—					$	—					$	572
Government and agency debt securities(a)			—						3,084						—						3,084						—						3,178						—						3,178
Corporate and other debt securities			—						3,379						2						3,381						—						2,762						—						2,762
Other investments, net(b)(e)			52						(66)						116						102						31						(79)						127						79
Net plan assets subject to leveling			$	424					$	6,397					$	118					6,939						$	603					$	5,861					$	127					6,591
Plan assets measured at net asset value
Investment funds																					4,963																								5,870
Private equity and debt investments																					593																								489
Real estate investments																					989																								917
Total plan assets measured at net asset value																					6,545																								7,276
Other plan assets (liabilities), net(d)																					37																								(21)
Net plan assets																					$	13,521																							$	13,846

__________

(a)Includes U.S. and sovereign government and agency issues.

(b)Includes net derivative assets (liabilities).

(c)Level 1 Other investments, net includes derivative liabilities approximating $1.0 billion related to equity option and futures contracts at December 31, 2020.

(d)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.

(e)Level 2 Other investments, net includes Canadian repurchase agreements.

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