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Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2021
Retirement Benefits [Abstract] |
Schedule of Defined Benefit Plan Funded Status of Plan | Below is the reconciliation of the beginning and ending balances of benefit obligations, fair value of plan assets and the funded status of our pension plans.
| Pension Benefits |
| 2021 | 2020 |  |
Change in benefit obligation: |  |  |  |
Benefit obligation at beginning of year | $ | 3,806 |  | $ | 3,451 |  |  |
Service cost | 27 |  | 27 |  |  |
Interest cost | 64 |  | 77 |  |  |
Actuarial (gain) loss (1) | (154) |  | 393 |  |  |
Benefits paid | (111) |  | (101) |  |  |
Curtailments | (9) |  | (3) |  |  |
Settlements | (33) |  | (79) |  |  |
Other | 2 |  | 1 |  |  |
Foreign currency translation adjustments | (42) |  | 40 |  |  |
Benefit obligation at end of year | 3,550 |  | 3,806 |  |  |
Change in plan assets: |  |  |  |
Fair value of plan assets at beginning of year | 3,202 |  | 3,004 |  |  |
Actual return on plan assets | 83 |  | 347 |  |  |
Employer contributions | 28 |  | 20 |  |  |
Benefits paid | (111) |  | (101) |  |  |
Settlements | (33) |  | (79) |  |  |
Foreign currency translation adjustments | (22) |  | 11 |  |  |
Fair value of plan assets at end of year | 3,147 |  | 3,202 |  |  |
Funded status - underfunded at end of year | $ | (403) |  | $ | (604) |  |  |
Accumulated benefit obligation | $ | 3,497 |  | $ | 3,755 |  |  |
(1)The actuarial (gain) loss was primarily related to a change in the discount rate used to measure the benefit obligation for our plans in 2021 and 2020.
Schedule of Amounts Recognized in the Consolidated Balance Sheets | The amounts recognized in the consolidated statements of financial position consist of the following at December 31:
| Pension Benefits |
| 2021 | 2020 |  |
Noncurrent assets | $ | 109 |  | $ | 14 |  |  |
Current liabilities | (17) |  | (18) |  |  |
Noncurrent liabilities | (495) |  | (600) |  |  |
Net amount recognized | $ | (403) |  | $ | (604) |  |  |
Schedule of Accumulated Benefit Obligations in Excess of Plan Assets | Information for the plans with ABOs and PBOs in excess of plan assets is as follows at December 31:
| Pension Benefits |
| 2021 | 2020 |  |
Projected benefit obligation | $ | 1,476 |  | $ | 3,390 |  |  |
Accumulated benefit obligation | $ | 1,423 |  | $ | 3,340 |  |  |
Fair value of plan assets | $ | 964 |  | $ | 2,772 |  |  |
Schedule of Projected Benefit Obligation in Excess of Plan Assets | Information for the plans with ABOs and PBOs in excess of plan assets is as follows at December 31:
| Pension Benefits |
| 2021 | 2020 |  |
Projected benefit obligation | $ | 1,476 |  | $ | 3,390 |  |  |
Accumulated benefit obligation | $ | 1,423 |  | $ | 3,340 |  |  |
Fair value of plan assets | $ | 964 |  | $ | 2,772 |  |  |
Schedule of Net Period Cost (Income) | The components of net periodic cost are as follows:
| Pension Benefits |
| 2021 | 2020 | 2019 |  |  |  |  |  |
Service cost | $ | 27 |  | $ | 27 |  | $ | 21 |  |  |  |  |  |  |
Interest cost | 64 |  | 77 |  | 90 |  |  |  |  |  |  |
Expected return on plan assets | (130) |  | (121) |  | (122) |  |  |  |  |  |  |
Amortization of prior service credit | 1 |  | 1 |  | 1 |  |  |  |  |  |  |
Amortization of net actuarial loss | 40 |  | 34 |  | 17 |  |  |  |  |  |  |
Curtailment / settlement loss | 2 |  | 10 |  | 9 |  |  |  |  |  |  |
Net periodic cost | $ | 4 |  | $ | 28 |  | $ | 16 |  |  |  |  |  |  |
Schedule of Weighted Average Assumptions Used to Determine Benefit Obligations | Weighted average assumptions used to determine benefit obligations for these plans are as follows:
| Pension Benefits |
| 2021 | 2020 |  |
Discount rate | 2.15 | % | 1.66 | % |  |
Rate of compensation increase | 3.21 | % | 3.25 | % |  |
Interest crediting rate | 2.60 | % | 2.60 | % |  |
Schedule of Weighted Average Assumptions Used to Determine Net Periodic Cost | Weighted average assumptions used to determine net periodic cost for these plans are as follows:
| Pension Benefits |
| 2021 | 2020 | 2019 |  |  |
Discount rate | 1.66 | % | 2.34 | % | 3.43 | % |  |  |
Expected long-term return on plan assets | 4.07 | % | 4.20 | % | 5.48 | % |  |  |
Interest crediting rate | 2.60 | % | 2.60 | % | 3.15 | % |  |  |
Schedule of Accumulated Other Comprehensive Loss | The amount recorded before-tax in accumulated other comprehensive loss related to our pension plans consists of the following at December 31:
| Pension Benefits |
| 2021 | 2020 |  |
Net actuarial loss | $ | 365 |  | $ | 527 |  |  |
Net prior service cost | 17 |  | 18 |  |  |
Total | $ | 382 |  | $ | 545 |  |  |
Schedule of Fair Values of the Assets in U.S. Plan | The table below presents the fair value of the pension assets at December 31:
| 2021 | 2020
Debt securities |  |
Fixed income and cash investment funds | $ | 1,890 |  | $ | 1,807 |
Equity securities |  |
Global equity securities (1) | 250 |  | 346 |
U.S. equity securities (1) | 222 |  | 299 |
Insurance contracts | 112 |  | 120 |
Real estate | 59 |  | 85 |
Private equities | 48 |  | 52 |
Other investments (2) | 566 |  | 493 |
Total plan assets | $ | 3,147 |  | $ | 3,202 |
(1)Include direct investments and investment funds. (2)Consists primarily of asset allocation fund investments.
Schedule of Expected Future Benefit Payments | The following table presents the expected benefit payments for Pension Benefits over the next 10 years. For company sponsored pension plans, the benefit payments are made by the respective pension trust funds.
Year |  | Pension Benefits |  |
2022 |  | $ | 161 |  |  |  |  |
2023 |  | 132 |  |  |  |  |
2024 |  | 135 |  |  |  |  |
2025 |  | 137 |  |  |  |  |
2026 |  | 142 |  |  |  |  |
2027-2031 |  | 744 |  |  |  |  |

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