XML 29 R19.htm IDEA: XBRL DOCUMENT
v3.21.1

Employee Benefits | 3 Months Ended
--- | ---
Mar. 31, 2021
Retirement Benefits [Abstract] |
Employee Benefits | EMPLOYEE BENEFITS Pension and other defined contribution retirement plan expenses included the following components:
(DOLLARS IN MILLIONS) | U.S. Plans
Three Months Ended March 31, |  |
2021 |  | 2020 |  |  |  |
Interest cost on projected benefit obligation(2) | $ | 3 |  |  | $ | 4 |  |  |  |  |
Expected return on plan assets(2) | (5) |  |  | (7) |  |  |  |  |
Net amortization and deferrals(2) | 2 |  |  | 2 |  |  |  |  |
Net periodic benefit (income) cost | $ | — |  |  | $ | (1) |  |  |  |  |
(DOLLARS IN MILLIONS) | Non-U.S. Plans
Three Months Ended March 31, |  |
2021 |  | 2020 |  |  |  |
Service cost for benefits earned(1) | $ | 10 |  |  | $ | 6 |  |  |  |  |
Interest cost on projected benefit obligation(2) | 2 |  |  | 3 |  |  |  |  |
Expected return on plan assets(2) | (12) |  |  | (12) |  |  |  |  |
Net amortization and deferrals(2) | 5 |  |  | 4 |  |  |  |  |
Net periodic benefit (income) cost | $ | 5 |  |  | $ | 1 |  |  |  |  |
_______________________ (1)Included as a component of Operating profit. (2)Included as a component of Other (income) expense, net. The Company expects to contribute a total of $4 million to its U.S. pension plans and a total of $25 million to its Non-U.S. Plans during 2021. During the three months ended March 31, 2021, no contributions were made to the qualified U.S. pension plans, $8 million of contributions were made to the non-U.S. pension plans, and $1 million of benefit payments were made with respect to the Company's non-qualified U.S. pension plan. Income (expense) recognized for postretirement benefits other than pensions included the following components:
| Three Months Ended March 31, |  |
(DOLLARS IN MILLIONS) | 2021 |  | 2020 |  |  |  |
Net amortization and deferrals | $ | (1) |  |  | $ | (1) |  |  |  |  |
Total postretirement benefit income | $ | (1) |  |  | $ | (1) |  |  |  |  |
The Company expects to contribute $4 million to its postretirement benefits other than pension plans during 2021. In the three months ended March 31, 2021, $1 million of contributions were made.

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 The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration