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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Assumptions Used in Calculating the Benefit Obligations and the Net Amount Recognized

Assumptions Used in Calculating the Benefit Obligations and the Net Amount Recognized

			For the years ended December 31,
			2021			2020			2019
Weighted Average Assumptions used to determine benefit obligations
Discount rate:
U.S. Pension Plan			2.91		%	2.65		%	3.33		%
Other Pension Plans			2.83		%	2.51		%	3.23		%
Other postretirement benefits			2.72		%	2.36		%	3.15		%
Interest crediting rate on cash balance plan			3.30		%	3.30		%	3.30		%
Weighted Average Assumptions used to determine net periodic benefit costs:
Discount rate:
U.S. Pension Plan			2.66		%	3.33		%	4.35		%
Other Pension Plans			2.52		%	3.25		%	4.28		%
Other postretirement benefits			2.36		%	3.15		%	4.23		%
Expected long-term rate of return on plan assets:
U.S. Pension Plan			5.40		%	6.00		%	6.45		%
Other Pension Plans			2.90		%	3.90		%	4.50		%
Other postretirement benefits			4.90		%	5.60		%	6.00		%
Assumed Health Care Cost Trend Rates
Pre-65 health care cost trend rate			7.00		%	7.00		%	7.00		%
Post-65 health care cost trend rate			N/A			N/A			N/A
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)			4.50		%	4.50		%	4.50		%
Year that the rate reaches the ultimate trend rate			2033			2033			2033

Schedule of Net Funded Status

Obligations and Funded Status

			U.S. Pension Plan									Other Pension Plans									Total Pension Plans									Other Postretirement Benefits
			For the years ended December 31,
			2021			2020						2021			2020						2021			2020						2021			2020
Change in Benefit Obligation
Benefit obligation — beginning of year			$	4,409		$	4,060					$	466		$	438					$	4,875		$	4,498					$	220		$	223
Service cost			4			4						—			—						4			4						—			—
Interest cost			87			115						9			12						96			127						3			6
Plan participants’ contributions			—			—						—			—						—			—						11			11
Actuarial loss (gain)			(7)			8						2			4						(5)			12						1			(2)
Changes in assumptions			(96)			399						(11)			38						(107)			437						(5)			16
Benefits and expenses paid			(187)			(177)						(26)			(26)						(213)			(203)						(33)			(34)
Foreign exchange adjustment			—			—						(1)			—						(1)			—						—			—
Benefit obligation — end of year [1]			$	4,210		$	4,409					$	439		$	466					$	4,649		$	4,875					$	197		$	220
Change in Plan Assets
Fair value of plan assets — beginning of year			$	4,346		$	3,899					$	17		$	15					$	4,363		$	3,914					$	63		$	75
Actual return on plan assets			338			566						(1)			2						337			568						4			6
Employer contributions [2]			—			70						—			—						—			70						7			5
Benefits paid [3]			(187)			(177)						(1)			—						(188)			(177)						(23)			(23)
Expenses paid			(30)			(12)						—			—						(30)			(12)						—			—
Fair value of plan assets — end of year			$	4,467		$	4,346					$	15		$	17					$	4,482		$	4,363					$	51		$	63
Funded status — end of year			$	257		$	(63)					$	(424)		$	(449)					$	(167)		$	(512)					$	(146)		$	(157)
Amounts Recognized in the Consolidated Balance Sheets
Other assets			$	257		$	—					$	—		$	—					$	257		$	—					$	—		$	—
Other liabilities			$	—		$	(63)					$	(424)		$	(449)					$	(424)		$	(512)					$	(146)		$	(157)

[1] As of December 31, 2021 and 2020, the Accumulated Benefit Obligation is equal to the Projected Benefit Obligation.

[2] Employer contributions in 2020 to the U.S. qualified defined benefit pension plan were discretionary, made in cash, and did not include contributions of the Company’s common stock.

[3] Other postretirement benefits paid represent non-key employee postretirement medical benefits paid from the Company's prefunded trust fund.

Net Periodic Cost (Benefit)

Net Periodic Cost (Benefit)

			Pension Benefits									Other Postretirement Benefits
			For the years ended December 31,
			2021			2020			2019			2021			2020			2019
Service cost			$	4		$	4		$	4		$	—		$	—		$	—
Interest cost			96			127			159			3			6			8
Expected return on plan assets			(205)			(215)			(226)			(3)			(4)			(4)
Amortization of prior service credit			—			—			—			(7)			(7)			(7)
Amortization of actuarial loss			69			60			44			8			7			6
Net periodic cost (benefit)			$	(36)		$	(24)		$	(19)		$	1		$	2		$	3

Amounts Recognized in Other Comprehensive Income (Loss)

Amounts Recognized in Other Comprehensive Income (Loss)

			Pension Benefits									Other Postretirement Benefits
			For the years ended December 31,
			2021			2020			2019			2021			2020			2019
Amortization of actuarial loss			$	69		$	60		$	44		$	8		$	7		$	6
Amortization of prior service credit			—			—			—			(7)			(7)			(7)
Net income (loss) arising during the year			214			(106)			(88)			5			(11)			(18)
Prior service cost (credit)			—			—			—			—			—			2
Total			$	283		$	(46)		$	(44)		$	6		$	(11)		$	(17)

Amounts in Accumulated Other Comprehensive Income (Loss), Before Tax, not yet Recognized as Components of Net Periodic Benefit Cost

Amounts in Accumulated Other Comprehensive Income (Loss), Before Tax, not yet Recognized as Components of Net Periodic Benefit Cost

			Pension Benefits									Other Postretirement Benefits
			As of December 31,
			2021			2020			2019			2021			2020			2019
Net loss			$	(1,815)		$	(2,098)		$	(2,052)		$	(124)		$	(136)		$	(132)
Prior service credit			—			—			—			54			60			67
Total			$	(1,815)		$	(2,098)		$	(2,052)		$	(70)		$	(76)		$	(65)

Pension Plan Assets Fair Value Measurements Using Significant Unobservable Inputs

Pension Plan Asset Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Assets			Corporate			RMBS			Foreign government			Mortgage loans			Other [1]						Totals
Fair Value as of January 1, 2021			$	39		$	1		$	9		$	161		$	—					$	210
Realized gains (losses), net			—			—			—			(3)			—						(3)
Changes in unrealized gains, net			—			—			—			—			—						—
Purchases			6			—			—			55			5						66
Settlements			—			—			—			—			—						—
Sales			(5)			—			(7)			(11)			—						(23)
Transfers into Level 3			2			—			—			—			—						2
Transfers out of Level 3			—			(1)			—			—			—						(1)
Fair Value as of December 31, 2021			$	42		$	—		$	2		$	202		$	5					$	251
Fair Value as of January 1, 2020			$	27		$	—		$	1		$	131		$	1					$	160
Realized gains (losses), net			—			—			—			—			(1)						(1)
Changes in unrealized gains, net			1			—			—			4			1						6
Purchases			14			1			9			32			—						56
Settlements			—			—			—			—			—						—
Sales			(3)			—			—			(6)			—						(9)
Transfers into Level 3			—			—			—			—			—						—
Transfers out of Level 3			—			—			(1)			—			(1)						(2)
Fair Value as of December 31, 2020			$	39		$	1		$	9		$	161		$	—					$	210

[1]"Other" includes U.S. Treasuries, Other fixed income and CMBS investments.

Plan Assets

Target Asset Allocation

			Pension Plans						Other Postretirement Plans
			Minimum			Maximum			Minimum			Maximum
Equity securities			3		%	23		%	—		%	45		%
Fixed income securities			69		%	77		%	55		%	100		%
Alternative assets			—		%	28		%	—		%	—		%

Pension Plan Assets at Fair Value

			As of December 31, 2021															As of December 31, 2020
Asset Category			Level 1			Level 2			Level 3			Total						Level 1			Level 2			Level 3			Total
Short-term investments:			$	120		$	29		$	—		$	149					$	75		$	25		$	—		$	100
Fixed Income Securities:
Corporate			—			2,333			42			2,375						—			2,303			39			2,342
RMBS			—			98			—			98						—			41			1			42
U.S. Treasuries			23			169			—			192						—			47			—			47
Foreign government			—			38			2			40						—			16			9			25
CMBS			—			56			4			60						—			30			—			30
Other fixed income [1]			—			185			1			186						—			137			—			137
Mortgage Loans			—			—			202			202						—			—			161			161
Equity Securities:
Domestic			237			—			—			237						513			—			—			513
International			121			—			—			121						271			—			—			271
Total pension plan assets at fair value, in the fair value hierarchy [2]			$	501		$	2,908		$	251		$	3,660					$	859		$	2,599		$	210		$	3,668
Other Investments, at net asset value [3]:
Private Market Alternatives												572															451
Hedge funds												199															224
Total pension plan assets at fair value			$	501		$	2,908		$	251		$	4,431					$	859		$	2,599		$	210		$	4,343

[1]Includes ABS, municipal bonds, and CDOs.

[2]Excludes $51 and $20 as of December 31, 2021 and 2020, respectively, of investment receivables net of investment payables that are excluded from this disclosure requirement because they are trade receivables in the ordinary course of business where the carrying amount approximates fair value.

[3]Investments that are measured at net asset value per share or an equivalent and have not been classified in the fair value hierarchy.

Other Postretirement Plan Assets at Fair Value

			As of December 31, 2021															As of December 31, 2020
Asset Category			Level 1			Level 2			Level 3			Total						Level 1			Level 2			Level 3			Total
Short-term investments			$	1		$	—		$	—		$	1					$	2		$	—		$	—		$	2
Fixed Income Securities:
Corporate			—			11			—			11						—			16			—			16
RMBS			—			7			—			7						—			9			—			9
U.S. Treasuries			1			13			—			14						—			16			—			16
Foreign government			1			—			—			1						—			—			—			—
CMBS			—			—			—			—						—			1			—			1
Other fixed income			—			1			—			1						—			2			—			2
Equity Securities:
Large-cap			16			—			—			16						17			—			—			17
Total other postretirement plan assets at fair value			$	19		$	32		$	—		$	51					$	19		$	44		$	—		$	63

Amounts of Benefits Expected to be Paid over the next Ten Years from Pension and other Postretirement Plans

Amounts of Benefits Expected to be Paid over the next Ten Years from Pension and other Postretirement Plans as of December 31, 2021

			Pension Benefits			Other Postretirement Benefits
2022			$	228		$	20
2023			234			18
2024			240			16
2025			250			15
2026			249			14
2027 - 2031			1,265			56
Total			$	2,466		$	139

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